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APU BSc of Actuarial Studies is a degree about understanding financial risks. It is based on math, statistics, and finance, and it teaches students how to predict and handle money related uncertainties. This knowledge is used in many areas like insurance, pensions, healthcare, banking, and investing.
Program Outline
APU BSc of Actuarial Studies is specifically designed to teach students :
- A course of study in Actuarial Science which has been awarded full accreditation from the IFoA (UK).
- Competent teaching staff with professional or specialized 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 mold graduates to be industry-ready.
Degree Level 1
In year 1, students explore the foundational principles of Mathematics, Statistics, Economics, and Finance. Beside these main subjects, students will also experience Business, Communication, and Information Technology skills.
This foundation sets the stage for the advanced topics they will meeting in Level 2 of their Actuarial Science studies.
Common Courses
- Probability Models
- Linear Algebra
- Business and Communication Skills
- Calculus
- Calculus II
- Financial Accounting
- Microeconomics
- Macroeconomics
- Introduction to R Programming
- Statistics
Degree Level 2
In year 2, Mathematics and Statistics are like the main engines that make complex economic and finance models work in the insurance and finance world. These subjects come together to create tools used for planning and managing in these industries. Students get to learn and practice these in real world . They will learn to study and research on their own.
Common Courses
- 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
To bridge the gap between academic and professional worlds, students will experience an Internship or Industrial Training for at least 16 weeks. This ensures they transition smoothly from academic settings to real world job.
Degree Level 3
In year 3, Students are prepared to combine their learning and practical experience to actively use their skills in planning, managing, and assessing risks. At this stage, the focus is on judging a business’s financial health through the eyes of an actuary.
They get to see firsthand how vital actuaries are, especially when it comes to creating and setting prices for insurance offerings. Skills like Risk Management, Actuarial Modeling, and Ratemaking are among the many tools they will learn to use.
Common Courses
- 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
- Pension and Retirement Plans
- Project in Actuarial Studies
MQA Compulsory Subjects
- Appreciation of Ethics and Civilization (Malaysian Students)
- Malay Communication Language (International Students)
- Philosophy and Current Issues
- Workplace Professional Skills
- Integrity and Anti-corruption
- Co-Curriculum
APU-DMU Dual Degree
Students enrolled in the Bachelor’s Degree Program are presented with the opportunity to join the APU-DMU Dual Degree Scheme. By choosing this pathway, upon graduation, students will be awarded two Degree Certificates & Transcripts: one from Asia Pacific University (APU) in Malaysia and another from De Montfort University (DMU) in the UK.
| Duration | Intakes |
| 3 Years (6 Semesters) |
14 Mar 2024 | 25 Jul 2024 24 Sep 2024 | 21 Nov 2024 |
Admission Requirements
| General Requirements | |
| Direct Entry to Level 1 of Degree | |
| STPM | • 2 Passes in STPM with a minimum Grade C+ (GP 2.33) and a Credit in Mathematics at SPM Level or its equivalent. (MUET Band 2 is required for all Malaysian Students) |
| A-Level | • 2 Passes in A-Level in any 2 subjects, and a Credit in Mathematics at SPM/O-Level/IGCSE or its equivalent. |
| UEC | • 5 Grade B’s in UEC including Mathematics. (MUET Band 2 is required for all Malaysian Students) |
| Foundation/ Matriculation | • Passed Foundation program (minimum CGPA of 2.5) with a Credit in Mathematics at SPM/O-Level/IGCSE or equivalent. |
| Direct Entry to Level 2 of Degree | |
| Diploma in Accounting | • Passed Diploma with minimum CGPA of 2.5 and a Credit in Mathematics at SPM/O-Level/IGCSE level. |
English Requirements for International Students
- IELTS : 6
- TOEFL iBT : 60
- Pearson (PTE) : 59
- MUET : Band 4.0
Career Options
- Actuary
- Data Analyst
- Risk Analyst
- Financial Analyst
- Business Analyst
- Financial Planning Advisor
- Investment & Portfolio Manager
- Regulator
- Statistician
- Mathematician
- Professor
Course Fees
| Malaysian Students | International Students |
| Year 1: RM 25,400 | Year 1: RM 29,800 (USD 7,270) |
| Year 2: RM 25,800 | Year 2: RM 31,500 (USD 7,680) |
| Year 3: RM 26,800 | Year 3: RM 32,200 (USD 7,855) |
| Total: RM 78,000 | Total: RM 93,500 (USD 22,805) |
