Bachelor of Science (Honours) in Actuarial Studies with a specialism in Data Analytics

ADMISSION REQUIREMENTS

Any qualification that APU accepts as equivalent to the above.

PROGRAMME OUTLINE

This programme is specifically designed to provide students with:

• A course of study in Actuarial Science with a specialism in Data Analytics which has been awarded full accreditation by 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.

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.

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 two specialism modules (Programming for Data Analytics and Operational Research and Analytics) to gain exclusive exposure to data analytics.

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 two specialism modules (Behavioural Science & Marketing Analytics and Advanced Predictive Analytics) to gain further knowledge and skills for data analytics.

CAREER OPTIONS

PROFESSIONAL RECOGNITIONS

APU’s Bachelor of Science (Honours) in Actuarial Studies with a specialism in Data Analytics 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 with a specialism in Data Analytics offers Double the Advantage with a Dual Award from De Montfort University (UK), maximum exemptions from IFoA and SOA to attain associateship and fellowship and enrich global community.

In 2022, 83% of APU graduates received exemptions from CS1, CS2, CM1, CM2, CB1 and CB2. Congratulations to those who received maximum IFOA exemptions! For more information, please visit  https://www.actuaries.org.uk/studying/exam-exemptions/university-courses-exemptions/asia-pacific-university-malaysia

INSTITUTE AND FACULTY OF ACTUARIES (IFoA) UK

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.

PATHWAY TO IFoA ASSOCIATESHIP AND FELLOWSHIP

SOCIETY OF ACTUARIES (SOA), USA

PATHWAY TO SOA ASSOCIATESHIP AND FELLOWSHIP

COURSE FEES

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

MQA ACCREDITATION