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Course Overview

This programme provides a comprehensive approach to actuarial science, combining traditional actuarial practice with advanced data analytics, and offers exemptions from 7 professional actuarial exams by the IFOA (UK).

Achievement

APU is the first university in Asia to provide exemptions from CP1, CP2, and CP3 via the MSc in Actuarial Science programme.

Curriculum

Pre-requisite Modules (for non-actuarial students)
Duration: 1 month (Full-time) / 2 months (Part-time) 

• Introduction to Actuarial Mathematics
• Statistics

Core Modules

• Professional Communication
• Actuarial Practice I
• Risk Modelling and Survival Analysis I
• Actuarial Statistics I
• Actuarial Mathematics I
• Modelling in Actuarial and Analytics
• Actuarial Practice II
• Financial Engineering and Loss Reserving I
• Actuarial Statistics II
• Actuarial Mathematics II
• Application in Industry Practices
• Data Analytics Programming
• Industry-based Project

Elective Modules (Choose 2)*

• Risk Modelling and Survival Analysis II
• Financial Engineering and Loss Reserving II
• Big Data Analytics and Technologies
• Advanced Business Analytics and Visualization

* Elective modules may be pre-selected for students at the beginning of the semester. If students wish to change these pre-selected elective modules, they can choose from the available modules offered in the semester OR among the intensive delivery modules - however such changes may prolong the study duration.

Entry Requirements

General Requirements

Bachelor’s degree

• Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.75, or its equivalent qualification as accepted by the Senate.
• Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.50 and not meeting a CGPA of 2.75 can be accepted, subject to a rigorous internal assessment.
• Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with CGPA less than 2.50 as accepted by the Senate and a minimum of 5 years of working experience in a relevant field may be accepted.
• Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.75 as accepted by the Senate, subject to passing pre-requisite courses.
• Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.50 as accepted by the Senate and a minimum of 5 years of working experience in a relevant field may be accepted, subject to passing pre-requisite courses.
• Bachelor’s degree in non-related fields with a minimum CGPA of 2.75 and a minimum of 5 years of working experience in the related fields as accepted by the Senate, subject to passing the pre-requisite courses, professional courses, or accredited micro-credentials program.

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

English Requirements

International Students

• IELTS : 5.0
   

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Students from English speaking countries and those with qualifications taught in English (previous Bachelor’s/Master’s Degree taught in English) are exempted from English requirements. Applications for exemption must be accompanied by supporting documents. 

Career Prospects

Graduates of this programme can pursue careers in:

• Actuary
• Data Analyst
• Risk Analyst
• Data Scientist
• Financial Analyst
• Investment & Portfolio Manager
• Statistician
• Professor