BSc (Hons) Actuarial Science

MQA/FA4167 KPT/JPS (R/462/6/0008) (MQA/FA4167) 06/24

Course Information

Mode: Onsite
Duration: 3 years
Intakes:

September

Campus: Heriot-Watt University, UK
Type: Full-time Study
Conducted in Malaysia: Yes
Level of Study: Bachelor's Degree Level
Field of Study: Mathematics & Statistics
Faculty: School of Mathematical and Computer Sciences
Awarding Country: United Kingdom
Exam Body: Heriot-Watt University, UK
Fees: 43,920 / 49,920 (international)

Course Overview

Actuaries manage risk and uncertainty and evaluate the likely impact of future events. Heriot-Watt’s Actuarial Science programme is world-famous for its excellence. It contains all the courses that are essential for ensuring a flying start to a career as an actuary whilst at the same time fostering highly transferable mathematical skills.

If you excel at mathematics, enjoy problem solving and are looking for a degree that will prepare you for a rewarding career – both intellectually and financially – Actuarial Science could be the programme for you.

This Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.

Curriculum

Year 1

 

View or download full details of core, optional and elective courses/projects.

Introduction to Statistical Science; Calculus; Introduction to University Mathematics; Professional Development Planning; Finance; Economics, Professional Development Planning and practical work.

Mandatory (September)

  • Calculus A
  • Topics in Statistical Practice

Optional (September)

  • Introductory Economics
  • Introduction to University Mathematics

Mandatory (January)

  • Calculus B
  • Professional Development Planning
  • Elements of Probability

Optional (January)

  • Finance and Financial Reporting

 

Year 2

 

Mandatory (September)

  • Multivariable Calculus and Real Analysis A
  • Linear Algebra
  • Actuarial and Financial Mathematics A
  • Algorithmic and Scientific Programming
  • Probability and Statistics A

Mandatory (January)

  • Multivariable Calculus and Real Analysis B
  • Actuarial and Financial Mathematics B
  • Probability and Statistics B

Optional (January)

  • Finance and Financial Reporting
  • Database Management Systems

 

 

Year 3

Students typically take Introductory Economics, Continuous-time Finance, Risk Theory, and Time Series Analysis and can choose from a range of options such as Statistics for Social Science, Bayesian Inference and Computational Methods, Statistical Machine Learning and Optimisation.

Optional (September)

  • Life Insurance Mathematics A
  • Statistical Models A
  • Portfolio Theory and Asset Models
  • Stochastic Processes

Optional (January)

  • Life Insurance Mathematics B
  • Derivative Markets and Discrete Time Finance
  • Statistical Models B
  • Survival Models

 

 

Year 4

 

Optional (September)

  • Introductory Economics
  • Optimisation
  • Statistical Machine Learning
  • Continuous-Time Finance
  • Pensions
  • Portfolio Theory and Asset Models
  • Further Statistical Methods

Optional (January)

  • Life Office Practice
  • Risk Theory
  • Time Series
  • Risk Management: Techniques and Tools
  • Bayesian Inference & Computational Methods

Entry Requirements

STPM/UEC/A-Levels/IB Diploma with 5 credits or above

Career Prospects

Employment prospects are good, with excellent financial rewards. Our students readily find work as trainee actuaries and graduates are also well-equipped for more general careers like accountancy, banking, stockbroking or teaching. What’s more, actuarial skills are appreciated anywhere in the world.

Study Abroad Pathway

No

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

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