SharifStudy Best way to Study in Malaysia
The Bachelor of Actuarial Studies in Data Analytics is a academic program that combines the principles of actuarial science with data analytics techniques. APU BSc Data Analytics helps students with the skills to analyze, model, and forecast financial risks. By mixing the actuarial studies with the analytical depth of data science, graduates are prepared to offer insights into areas such as insurance, finance, and other sectors that rely on risk assessment and quantitative analysis.
Program Outline
This APU BSc Data Analytics aims to provide the following:
- 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 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 are introduced to the foundational concepts of Mathematics, Statistics, Economics, and Finance. Alongside these main subjects, students will gain proficiency in Business, Communication, and IT. This solid foundation paves the way for their advanced studies into Level 2 of 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 key to understanding complex financial models in the actuarial field. This knowledge helps create tools used in planning and management. Students are taught with a focus on real world applications and are encouraged to study and research independently.
Common Courses
- Advanced Probability Models
- Predictive Analytics
- Financial Mathematics
- Regression Analysis
- Financial Economics
- Business Research Methods
- Financial Management
- Business Ethics & Governance
- Mathematics of Financial Derivatives
- Stochastic Processes
Specialized Courses
- Programming for Data Analytics
- Operational Research and Analytics
Internship
To bridge the gap between academic and professional worlds, students will undergo 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 able to combine their academic knowledge with industry experience, applying their skills in risk planning, management, and analysis. This stage shows the importance of reviewing a business’s financial health from an actuarial viewpoint. It provides insights into the vital functions of actuaries, such as formulating and pricing insurance offerings. Skills like Risk Management, Actuarial Modeling, and Ratemaking are among the many they will employ.
Common Courses
- Asset and Liability Valuations
- Life Contingencies
- Corporate Finance
- Risk Theory
- Investigation in Actuarial Studies
- Option and Bond Valuations
- Survival Analysis
- Life Contingencies 2
- Project in Actuarial Studies
Specialized Courses
- Behavioral Science & Marketing Analytics
- Advanced Predictive Analytics
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
- Data Scientist
- Data Engineer
- 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) |
