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(R2/462/6/0003)(06/27)(MQA/FA1327)
This programme is specifically designed to provide students with:
APU’s Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology 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.
APU's Bachelor of Science (Honours) in Actuarial Studies including the two specialisms are fully accredited by the Institute and Faculty of Actuaries (UK).
Our graduates who attain an average of 65 or above can be eligible for block exemptions from CS1, CS2, CM1, CM2, CB1 and CB2 in the new IFOA curriculum.
In November 2023, 100% of APU actuarial graduates received exemptions from CS1, CS2, CM1, CM2, CB1 and CB2. Congratulations to those who received maximum IFOA exemptions!
For more information, please click HERE.
IFoA Foundation Scholarship
APU is one of a few IFOA’s partner universities in Asia to secure major IFOA scholarships for its students pursuing actuarial studies. Every year, the top five graduates will receive the Foundation’s Scholarships (worth £4490) awarded by the IFOA. In addition, the best among the five will also receive the Sir Edward Johnston Prize (worth £250) awarded by the IFOA. Click HERE to read more information.
APU is also recognised by the Society of Actuaries (US) that our Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology 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 click HERE.
CAS University Recognition Program
APU is also recognised by the Casualty Actuarial Society at the Silver Level of the CAS University Recognition Program. Our Bachelor of Science (Honours) in Actuarial Studies will not only prepare students for Exam 1, Exam 2, Exam MAS-I, Exam MAS-II and Exam 5 in the new CAS curriculum but also effectively prepare them for careers in the general insurance industry. With this achievement, APU joins a distinguished list of internationally recognised universities with exceptional actuarial studies programmes.
For more information, please click HERE.
About the CAS
With 10,000+ members working in more than forty countries, the CAS is the global leader in the credentialling and education of general insurance actuaries.
CAS members work in a vast array of settings, including insurance companies, educational institutions, state insurance departments, federal government agencies, independent consulting firms, and many other organizations that require management of risk. Learn more at www.casact.org.
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.
Modules
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 knowledge 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.
In addition to the common modules for actuarial studies, students will also take three specialism modules (Financial Technology, Enabling FinTech and Application of AI in Finance) to gain exclusive exposure to FinTech.
Modules
Specialised Modules
Students will undertake an Internship/Industrial Training for a minimum period of 16 weeks to prepare them for a smooth transition from the classroom to the working environment.
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 Modeling and Ratemaking are some of a wide repertoire of skills to be used.
In addition to the common modules for actuarial studies, students will also take a specialism module (FinTech Risk management and Regulations) to gain further knowledge and skills for FinTech.
Modules
Specialised Modules
Note: The specialism will only appear in the academic transcript.
(*All students are required to successfully complete these modules as stipulated by the Malaysian Qualification Agency)
| 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 and a Pass in English at SPM Level or its equivalent. |
| A-LEVEL | • 2 Passes (Grade A-D) in A-Level in any 2 subjects, and a Credit in Mathematics and a Pass in English at SPM/O-Level/ IGCSE or its equivalent. |
| UEC | • 5 Grade B’s in UEC including Mathematics with a Pass in English. |
| MATRICULATION/ FOUNDATION | • Passed Foundation programme (minimum CGPA of 2.5) with a Credit in Mathematics and a Pass in English at SPM/O-Level/IGCSE or equivalent. |
Any qualification that APU accepts as equivalent to the above.
International Students
| Programmes | General Requirements |
| Actuarial Studies Bachelor (Hons) Degree Programmes | • IELTS : 6.0 • TOEFL IBT : 60 • Pearson (PTE) : 59 • MUET : Band 4 |
Please note that under Ministry of Higher 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).
The qualification and entry requirements for the programmes will be determined based on the "Comparison List of Equivalency of International Qualifications with SPM (O-Levels equivalent) and STPM (A-Levels equivalent)" published by Malaysian Qualifications Agency (MQA).
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