Bachelor of Science (Honours) in Actuarial Studies
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|Exam Body||APU Malaysia Degree|
|Course Duration||36 months|
|Part Time/Full Time||Full Time|
|Fees||RM78,000 + GBP375/ year*|
|Fees (International Student)||RM 88,200 + GBP 375/year *|
|Faculty||School of Mathematics, Actuarial and Quantitative Studies|
|Conducted entirely in Malaysia||Yes|
|Level of Study||Bachelor's Degree Level|
|Field of Study||Mathematics & Statistics|
This programme is specifically designed to provide students with:
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).
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.
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.
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.
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.
Note: The specialism will only appear in the academic transcript.
MQA Compulsory Subjects*
(*All students are required to successfully complete these modules as stipulated by the Malaysian Qualification Agency)
DIRECT ENTRY TO LEVEL 1 OF THE DEGREE:
• 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.
• 2 Passes 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.
• 5 Grade B’s in UEC including Mathematics with a Pass in English.
• 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.
Direct Entry to level 2 of the Degree:
• Passed Diploma in Accounting with minimum CGPA of 2.5 and a Credit in Mathematics at SPM level.
March, June, Sept, Nov
All fees are in RM (Ringgit Malaysia) currency unless stated otherwise.