Contact Us Contact Us
Course Details
Asia Pacific University of Technology & Innovation (APU) Logo

Bachelor of Science (Honours) in Actuarial Studies

Offered by: Asia Pacific University of Technology & Innovation (APU)
Add to Educart

Ask About This Course

Your Name
E-mail Address
Phone Number
Date Of Birth
Qualification
Message
Are You a Robot?
Exam BodyAPU Malaysia Degree
Course Duration3 Years (6 Semesters)
Part Time/Full TimeFull Time
FeesRM 78,000
Fees (International Student)RM 88,200 (USD 22,060)
FacultySchool of Mathematics, Actuarial & Quantitative Studies
Conducted entirely in MalaysiaYes
Awarding CountryMalaysia
Level of StudyBachelor's Degree Level
Field of StudyMathematics & Statistics
Course Description

This programme is specifically designed to provide students with:

  • A course of study in Actuarial Science which has been awarded full accreditation from the IFoA (UK).
  • Competent teaching staff with professional or specialized academic qualification, possessing working experience from actuarial industries/academia.
  • Course syllabus which is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US).
  • Comprehensive guidance to mould graduates to be industry-ready.

 

INSTITUTE AND FACULTY OF ACTUARIES (IFoA), UK

APU's BSc (Hons) Actuarial Studies is Fully Accredited by the Institute and Faculty of Actuaries (UK). Our graduates who perform to the required standard can be eligible for Block Exemption from CS1, CS2, CM1, CM2, CB1 and CB2 in the new IFOA curriculum.

 

For more information, please visit https://www.actuaries.org.uk/studying/exam-exemptions/how-apply-exemption/university-courses-exemptions/asia-pacific-university-malaysia       

 

SOCIETY OF ACTUARIES (SOA), USA

 

APU is also recognized by the Society of Actuaries (US) that our BSc (Hons) Actuarial Studies will prepare students for all the six preliminary exams (P, FM, IFM, LTAM, STAM, and SRM) in the new SOA curriculum. This is in addition to the approved coursework for all the three VEE topics (Accounting & Finance, Economics, and Mathematical Statistics).

For more information, please visit https://www.soa.org/institutions/Asia-Pacific-University-of-Technology-Innovation.aspx

 

What You Will Study:

APU’s Bachelor of Science (Honours) in Actuarial Studies is a 3-year degree programme of full-time study. This programme is to develop students’ mathematical, statistical and analytical skills in addition to actuarial practices as preparation to become a qualified actuary.

Actuaries are highly regarded professional and they work across several industries including life and general insurance, commercial and investment banking, pensions and healthcare, consulting firms, and public sector.

Actuaries are problem solvers and strategic thinkers with a deep understanding of risk management; they are one of the top paying professionals as they are usually in high demand worldwide.

Curriculum

DEGREE LEVEL 1

Equipping students with essential fundamentals of Mathematics, Statistics, Economics and Finance starts at Level 1. To complement the core knowledge, the students will also learn Business, Communication, and IT skills, before progressing to the Level 2 of Actuarial Science study.

Common Modules

  • Probability Models
  • Linear Algebra
  • Business and Communication Skills
  • Calculus
  • Financial Accounting
  • Microeconomics
  • Macroeconomic
  • Introduction to R Programming
  • Advanced Probability Models
  • Statistics

 

DEGREE LEVEL 2

The core knowledge of Mathematics and Statistics now act as engine to drive the complex models of Economics and Finance in the actuarial industries. Those core knowledges are integrated to form actuarial tools and infrastructure, ready to be used for planning and managing purposes. Students will receive exposure and coaching which are actuarial centric, targeting at industrial applications. They are gradually groomed to be more independent in their study and research efforts.

Common Modules

  • Asset and Liability Valuations
  • Financial Statement Analysis
  • Predictive Analytics
  • Financial Mathematics
  • Calculus II
  • Regression Analysis
  • Financial Economics
  • Financial Planning and Control
  • Business Research Methods
  • Financial Management
  • Business Ethics & Governance
  • Mathematics of Financial Derivatives

 

INTERNSHIP (16 weeks)

At APU, we encourage our students to be entrepreneurial and innovative. After the completion of Level 2, students will undertake a short internship/industrial training of a minimum of 16 weeks. This will provide our students opportunities to engage with real-world business problems both in our programmes and in our renowned Professional Training placements.

 

DEGREE LEVEL 3

The students are now ready to merge their knowledge and industrial experience to forge ahead and put into action their acquired skills in planning, managing and analysing risk. At this level, emphasis is placed on evaluating financial performance of businesses from actuary’s perspectives. Students will have the opportunity to understand the critical roles played by actuaries, for example, in the development and pricing of insurance products. Risk Management, Actuarial Modelling and Ratemaking are some of a wide repertoire of skills to be used.

Common Modules

  • Stochastic Processes
  • Life Contigencies
  • Strategic Management
  • Corporate Finance
  • Risk Theory
  • Investigation in Actuarial Studies
  • Option and Bond Valuations
  • Survival Analysis
  • Life Contingencies 2
  • Pension and Retirement Plans
  • Project in Actuarial Studies

Note: The specialism will only appear in the academic transcript.

MQA Compulsory Subjects*

  • Ethnic Relations (M’sian Students)
  • Islamic & Asian Civilisation (M’sian Students)
  • Malaysian Studies (Int’l Students)
  • Malay Communication Language (Int’l Students)
  • Workplace Professional Communication Skills
  • Employee & Employment Trends
  • Co-Curriculum

(*All students are required to successfully complete these modules as stipulated by the Malaysian Qualification Agency)

Entry Requirements

General Requirements

Direct Entry to Level 1 of the Degree

STPM
2 Passes in STPM with a minimum Grade C+ (GP 2.33) and a Credit in Mathematics at SPM Level or its equivalent.

A-Level
2 Passes in A-Level in any 2 subjects, and a Credit in Mathematics at SPM/O-Level/IGCSE or its equivalent.

UEC
5 Grade B’s in UEC including Mathematics.

Matriculation / Foundation
Passed Foundation programme (minimum CGPA of 2.5) with a Credit in Mathematics at SPM/O-Level/IGCSE or equivalent.

Direct Entry to Level 2 of the Degree

Diploma in Accounting
Passed Diploma with minimum CGPA of 2.5 and a Credit in Mathematics at SPM / O-Level / IGCSE level.

Any qualification that APU accepts as equivalent to the above.

English Requirements

International Students

Programmes

General Requirements

Foundation Programme

·        IELTS: 4.0 

·        TOEFL PBT: 397

·        TOEFL IBT: 30-31

·        Pearson (PTE): 30

·        MUET: Band 2

Diploma and Accounting & Finance

Bachelor (Hons) Degree Programmes

·        IELTS: 5.5

·        TOEFL PBT: 550

·        TOEFL IBT: 46-59

·        Pearson (PTE): 42

·        MUET: Band 4

Banking & Finance and Actuarial Studies

Bachelor (Hons) Degree Programmes

·        IELTS: 6.0

·        TOEFL PBT: 550

·        TOEFL IBT: 60-78

·        Pearson (PTE): 50

·        MUET: Band 4

Please note that under Ministry of Education regulations, only students who have achieved the minimum requirement in the English Language proficiency assessment as indicated above will be allowed to continue their studies in the main study programme. Students who do not have the required English Language achievement may apply for a student visa on conditional basis and are allowed to enrol in an English Language Certification programme at APU upon arrival in Malaysia and, subsequently, appear for the IELTS/TOEFL/PTE/MUET assessment.

Students who are unable to obtain the required level of English Competency during the maximum 12 months’ period, will not be allowed to pursue their studies in the main programme and will have to return to their home country.

Students from English speaking countries and those with qualifications taught in English (IGCSE, A-Levels, IB, American High School Diploma etc) are exempted from English requirements. Applications for exemption must be accompanied by supporting documents.

Note: The above entry requirements may differ for specific programmes based on the latest programme standards published by Malaysian Qualifications Agency (MQA).

Intake Months

?02 Jun 2020 / 22 Sep 2020 / 10 Nov 2020

Career Prospects
  • Actuary
  • Risk Analyst
  • Financial Analyst
  • Financial Planning Advisor
  • Regulator
  • Statistician
  • Mathematician
  • Professor

All fees are in RM (Ringgit Malaysia) currency unless stated otherwise.


Other Courses in this Level of Study Other Courses in this Field of Study

Back to Courses