Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology | Asia Pacific University (APU)

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Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology


Duration:
3 Years
(6 Semesters)

 


Awarded by:
APU, Malaysia


Intakes:
22 Mar 2023 | 20 Jul 2023
21 Sep 2023

 

 

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
 



MORE THAN JUST AN ACTUARIAL STUDIES DEGREE

​APU's Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology is designed to provide you an edge with the latest technologies that are in line with the Industrial Revolution 4.0.

  


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
• Pearson (PTE) : 59
• 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 with a specialism in Financial Technology 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.

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.

In addition to the common modules for actuarial studies, students will also take three specialism modules (Financial Technology, Enabling FinTech and Application of AI in Finance) to gain exclusive exposure to FinTech.

COMMON MODULES

  • Advanced Probability Models
  • Predictive Analytics
  • Financial Mathematics
  • Regression Analysis
  • Financial Economics
  • Business Research Methods
  • Financial Management
  • Mathematics of Financial Derivatives
  • Stochastic Processes

SPECIALISED MODULES

  • Financial Technology
  • Enabling Fintech
  • Application of AI in Finance

INTERNSHIP (16 WEEKS)

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.

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.

In addition to the common modules for actuarial studies, students will also take a specialism module (FinTech Risk management and Regulations) to gain further knowledge and skills for FinTech.

COMMON MODULES

  • Asset and Liability Valuations
  • Life Contingencies
  • Strategic Management
  • Corporate Finance
  • Risk Theory
  • Investigation in Actuarial Studies
  • Option and Bond Valuations
  • Survival Analysis
  • Life Contingencies 2
  • Project in Actuarial Studies

SPECIALISED MODULES

  • Fintech Risk management and Regulations

MQA COMPULSORY SUBJECTS*

  • Appreciation of Ethics and Civilisation (M’sian Students)
  • Malay Communication Language (Int’l Students)
  • Philosophy and Current Issues
  • 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.)
Note: The specialism will appear only in the academic transcript.


CAREER OPTIONS

  • Actuary
  • FinTech Specialist
  • FinTech Consultant
  • FinTech Engineer
  • Data Analyst
  • Risk Analyst
  • Financial Analyst
  • Business Analyst
  • Financial Planning Advisor
  • Investment & Portfolio Manager
  • Regulator
  • Statistician
  • Mathematician
  • Professor


PROFESSIONAL RECOGNITIONS

APU’s Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology 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 Financial Technology 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.


INSTITUTE AND FACULTY OF ACTUARIES (IFoA) UK

APU's Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology is Accredited by Programme by the Institute and Faculty of Actuaries (UK).

Our graduates who attain an average of 65 or above can be eligible for exemptions from CS1, CS2, CM1, CM2, CB1 and CB2 in the new IFOA curriculum.
 

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

APU is also recognised by the Society of Actuaries (US) that our Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology 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

PATHWAY TO SOA ASSOCIATESHIP AND FELLOWSHIP

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 7,240)
Year 2: RM 29,700 (USD 7,520)
Year 3: RM 29,900 (USD 7,570)
Total: RM 88,200 (USD 22,330)

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


MQA ACCREDITATION

(R2/462/6/0003)(06/27)(MQA/FA1327)

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