Actuarial Science Course Details, Fees, Entry Requirements & Intake Dates at Heriot-Watt University Malaysia
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Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are experts who design products like these to look after people’s financial needs and to protect their financial interests: part of their work is to try to predict what money will do when it is invested. Actuaries sometimes give specialised evidence in court (for example in fraud cases) or work with the government to predict how much money will be needed to meet the nation’s spending needs on services such as health, education and social care.
Heriot-Watt University Malaysia is acknowledged to be the best university in Malaysia for actuarial science and has 8 paper exemptions from iFoA. Read more below for more details on the course, fees, entry requirements and intake dates.
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Qualifying to Be a Professional Actuaries through Heriot-Watt University Malaysia Degree Programme
To qualify as an actuary you need a good honours degree in Actuarial Science and demonstrate their competence by passing a series of rigorous professional examinations from the Faculty and Institute of Actuaries (UK).
Studying Actuarial Science at Heriot-Watt University Malaysia
Actuaries manage risk and uncertainty and evaluate the likely impact of future events. Heriot-Watt’s Actuarial Science programme is world-famous for its excellence. It contains all the courses that are essential for ensuring a flying start to a career as an actuary whilst at the same time fostering highly transferable mathematical skills.
If you excel at mathematics, enjoy problem solving and are looking for a degree that will prepare you for a rewarding career – both intellectually and financially – Actuarial Science could be the programme for you.
This Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession.
It is expected that the programme in Malaysia will also offer exemptions from all Core Technical subjects, CT1 to CT8, for students performing sufficiently well. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.
Intake for the actuarial science course is in September of each year. Please contact us for the exact dates. You may WhatsApp 01111408838 for faster response for the intake dates and course fees.
Programme Structure for Bachelor of Science (Hons) Actuarial Science Degree at Heriot-Watt University Malaysia
First Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia
- Probability and Statistics
- Actuarial and Financial Mathematics
- Linear Algebra
- Multivariate Calculus and Real Analysis
- Finance and Financial Reporting
- Practical work
Second Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia
- Life Insurance Mathematics
- Statistical Models
- Stochastic Processes
- Portfolio Theory and Asset Models
- Survival Models
- Derivative Markets
- Discrete-time Finance
- Project work
Third Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia
- Risk Theory
- Financial Risk Management
- Pension Funds
- Life Office Practice
- Time Series
- Bayesian Inference
- Electives in mathematics and economics
Accreditation of the Bachelor of Science (Hons) Actuarial Science Degree at Heriot-Watt University Malaysia
In accordance with the normal practice of Heriot-Watt University’s professionally orientated programmes are designed to meet the educational requirements for membership of relevant professional institutions.
In addition to recognition within Malaysia, they seek accreditation by the relevant UK or international professional bodies in accordance with their standard procedures.
Teaching and assessment
Teaching is delivered through a combination of lectures, tutorials and project work. Course assessment is generally based on either coursework or an exam at the end of the semester, or a mixture of the two at the end of the semester or academic year.
Entry requirements for the Bachelor of Science (Hons) Actuarial Science Degree Programme at Heriot-Watt University Malaysia
- Heriot-Watt University Malaysia Foundation in Science: ABBC – A in Mathematics, B in Physics, B in Chemistry, C in Academic English/Study Skills
- Heriot-Watt University Malaysia Foundation in Business and Design: ABBC – A in Mathematics, B in Accountancy and Finance, B in Business Management, C in Academic English/Study Skills
- A-Level: ABB including A in Mathematics
- STPM: ABB including A in Mathematics
- Diploma with high level of attainment in mathematics deemed recognised by the Malaysian Government
- Any other relevant qualification with high level of attainment in mathematics recognised by the Malaysian Government
English Language requirements
If English is not your first language, then evidence of proficiency equivalent to IELTS 6.5 is required.