UK Top 10 Actuarial Science Degree at Heriot-Watt University Malaysia

Get a UK Top Ranked Actuarial Science Degree at Heriot-Watt University Malaysia

• The Times and The Sunday Times Good University Guide 2023 ranks Heriot-Watt University Second in Scotland for Mathematics, and 7th in the UK.
• Heriot-Watt University is Ranked 12th in UK by The Complete University Guide 2023 Subject League Table Ranking for Mathematics
• Heriot-Watt University is ranked Top 200 in the World for Mathematics by the QS World University Rankings by Subject 2022

Heriot-Watt has been producing work-ready graduates since 1821. The university specialises in business, science, technology, engineering, mathematics, design and textiles – subjects which make a real impact on the world and society. Heriot-Watt collaborates with international business and industry to tackle global challenges faced by our world. That’s why Heriot-Watt undergraduates are highly employable and sought after by the best organisations worldwide.

• Edinburgh is one of the world’s most beautiful cities with an exceptional quality of life. Scotland’s capital is a great place to live and study.
• With the exchange programme Go Global, you can carry your studies to Heriot-Watt’s Dubai or Malaysia campuses, expanding your horizons along the way.
• Get real industry exposure with hands-on practical learning in labs, projects and internships.

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. HWUM’s team of leading academics is internationally recognised for research, scholarship and teaching in mathematical and actuarial sciences.

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.

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What will You Study in a UK Top Ranked Actuarial Science Degree Heriot-Watt University Malaysia

Malaysian students will be able to obtain a UK top ranked undergraduate degree in Actuarial Science from the Malaysia campus of Heriot-Watt University strategically located in Putrajaya.

The university is ranked 7th in UK for Mathematics by The Times and 12th in UK for Mathematics by the Complete University Guide. In addition, Heriot-Watt is in the World’s Top 200 for Mathematics as ranked by QS.

• The Times and The Sunday Times Good University Guide 2023 ranks Heriot-Watt University Second in Scotland for Mathematics, and 7th in the UK.
• Heriot-Watt University is Ranked 12th in UK by The Complete University Guide 2023 Subject League Table Ranking for Mathematics
• Heriot-Watt University is ranked Top 200 in the World for Mathematics by the QS World University Rankings by Subject 2022

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.

Heriot-Watt University Malaysia Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.

What are the Exemptions from IFoA for the Actuarial Science Degree at Heriot-Watt University Malaysia

The UK Actuarial Profession has a structure of 26 professional examinations. To become a qualified Actuary (Fellow), you must pass 15 of these professional exams plus relevant work experience. The Actuarial Science degree program at Heriot-Watt University Malaysia will give you 8 paper exemptions from the Core Technical Subjects which are CT1 to CT8.

This means that Heriot-Watt University Malaysia Actuarial Science graduates need to take 7 more of the professional examinations plus relevant work experience to become a qualified Actuary (Fellow) in Malaysia. Which means that this will be the fastest pathway to become an Actuary in Malaysia through Heriot-Watt University Malaysia’s Actuarial Science Degree.

How is the Teaching and Assessment for the Actuarial Science Degree?

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.

What is the Accreditation for the Actuarial Science Programme?

This programme is one of the few in Malaysia which is fully accredited by the UK Institute and Faculty of Actuaries (IFoA). Good performance means exemptions from the Core Principles subjects (CS1, CS2, CM1, CM2, CB1, CB2), giving prospective actuaries an advantage over those in other mathematics based programmes.

The degree is also accredited by the Royal Statistical Society and by the Malaysian Qualifications Agency (MQA).

Additionally, we are also recognised by the Society of Actuaries (SOA) under Universities & Colleges with Actuarial Programs – Advanced Curriculum (UCAP-AC) which is the highest level of recognition in Malaysia.

What are the Entry requirements for the Actuarial Science Degree 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: ABBC – A in Mathematics, B in Accountancy and Finance, B in Business Management, C in Academic English/Study Skills
• A-Level/STPM: ABB including A in Mathematics
  UEC: 6A including A1 in Mathematics and Advanced Mathematics
• WACE/SACE: ATAR 90
• SMA 3 (Indonesia): 8
• IB Diploma: 28 points
• Diploma with high level of attainment in mathematics 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.
• If you do not have IELTS 6.5, we offer a Pre-Sessional English Programme (PSEP) prior to commencing your studies.

Programme Structure for Actuarial Science Degree at Heriot-Watt University Malaysia

First Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia

• Probability and Statistics A
• Probability and Statistics B
• Linear Algebra
• Actuarial and Financial Mathematics A
• Actuarial and Financial Mathematics B
• Multivariable Calculus and Real Analysis A
• Multivariable Calculus and Real Analysis B

Optional and elective courses available for Year 1 include:

• Finance and Financial Reporting
• Operations Management

Second Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia

• Life Insurance Mathematics A
• Life Insurance Mathematics B
• Stochastic Processes
• Survival Models
• Derivative Markets and Discrete-time Finance
• Statistical Models A
• Statistical Models B
• Portfolio Theory & Asset Models

Third Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia

Students typically take Introductory Economics, Continuous-time Finance, Risk Theory, and Time Series Analysis and can choose from a range of options such as Statistics for Social Science, Bayesian Inference and Computational Methods, Statistical Machine Learning and Optimisation.

Accreditation of 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.

Career

Employment prospects are good, with excellent financial rewards. Our students readily find work as trainee actuaries and graduates are also well-equipped for more general careers like accountancy, banking, stockbroking or teaching. What’s more, actuarial skills are appreciated anywhere in the world.

Students interested in registering at Heriot-Watt University Malaysia, please go to this link. For information on hostel accommodation at Heriot-Watt University Malaysia, go to this link. Scholarships are available to deserving Malaysian students who have achieved high results in their SPM, STPM, A-Levels or UEC examinations.