Bachelor of Science (Honours) In Actuarial Studies | Asia Pacific University (APU)

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Bachelor of Science (Honours) In Actuarial Studies

Duration:
3 Years (6 Semesters)

Awarded by:
APU, Malaysia

Intakes:
17 Mar 2021 | 31 May 2021
21 Sep 2021

  

APU-DMU DUAL DEGREE PROGRAMME
 

Students who are under Bachelor’s Degree Programme will have the option to opt-in for the APU-DMU Dual Degree Scheme. Under this Scheme, students will receive 2 Degree Certificates & Transcripts upon graduation: 1 from Asia Pacific University (APU), Malaysia and 1 from De Montfort University (DMU), UK.

To know more about APU-DMU Dual Scheme, please click HERE

 


ADMISSION 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 and a Pass in English at SPM Level or its equivalent.
A-LEVEL• 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.
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.

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).
 
ENGLISH REQUIREMENTS

INTERNATIONAL STUDENTS

• IELTS : 6.0
• TOEFL IBT : 60-78
• Pearson (PTE) : 50 
• MUET : Band 4


For more information please click HERE


PROGRAMME OUTLINE

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 specialised 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.

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
  • Calculus II
  • Financial Accounting
  • Microeconomics
  • Macroeconomics
  • Introduction to R Programming
  • 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 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.

COMMON MODULES

  • Advanced Probability Models
  • Financial Statement Analysis
  • Predictive Analytics
  • Financial Mathematics
  • Regression Analysis
  • Financial Economics
  • Financial Planning and Control
  • Business Research Methods
  • Financial Management
  • Business Ethics & Governance
  • Mathematics of Financial Derivatives
  • Stochastic Processes

INTERNSHIP (16 WEEKS)

Students will undertake a short Internship/ Industrial Training for a minimum period of 16 weeks to prepare them for a smooth transition from the classroom to the working environment.

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 Modeling and Ratemaking are some of a wide repertoire of skills to be used.

COMMON MODULES

  • Asset and Liability Valuations
  • 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

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.)


CAREER OPTIONS

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


PROFESSIONAL RECOGNITIONS

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.


INSTITUTE AND FACULTY OF ACTUARIES (IFoA) UK

APU - Among Top 4 in Asia to obtain Full Accreditation by IFoA

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.




SOCIETY OF ACTUARIES (SOA), USA

APU is also recognised 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



COURSE FEES

Malaysian Students

International Students

Year 1: RM 25,400
Year 2: RM 25,800
Year 3: RM 26,800
Total: RM 78,000

Year 1: RM 28,600 (USD 7,330)
Year 2: RM 29,700 (USD 7,615)
Year 3: RM 29,900 (USD 7,670)
Total: RM 88,200 (USD 22,615)

​* Fees stated here do not include Deposits and other Miscellaneous Fees. Please refer to Fee Guide for details.


MQA ACCREDITATION

(R/462/6/0003)(07/22)(MQA/FA1327)

All information is correct at the time of publication, but is subject to change in the interest of continuing improvement.