Best Actuarial Science Degree in Malaysia with VEE Exemptions at Top Private Universities

Top Private Universities in Malaysia Offering the Best Actuarial Science Degree with Exemptions from Validated by Educational Experience (VEE) papers from SOA

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The pathway to become a professional actuary in Malaysia can be long. One must pass the actuarial professional examinations and various on-the-job assessments, in addition to obtaining a degree. A normal actuarial studies degree spans 3 years. Thereafter, completing the professional exams may take another 3-7 years (considering working full-time while studying). Students should choose the best university in Malaysia for actuarial science to prepare them well to face the professional exams.

The journey to become a qualified actuary as outlined by the Society of Actuaries (SOA) – one of the most prominent professional organisation for actuaries in the world – is divided into four stages. The first is the Validated by Educational Experience (VEE) stage where students who receive grades of 70% and above for subjects in economics, corporate finance and applied statistics – will receive credit for these professional papers.

The second stage involves five preliminary exams that candidates must pass before proceeding to the penultimate stage, namely, the Fundamentals of Actuarial Practices course and the Associateship Professionalism Course (APC). This will qualify them as an Associate of the Society of Actuaries (ASA). The final hurdle would be to qualify as a Fellow of the Society of Actuaries (FSA).

There are not many universities in Malaysia that offer the degree in Actuarial Science. Outstanding private universities in Malaysia for Actuarial Science or Actuarial Maths degree with VEE Paper exemptions from SOA are Heriot-Watt University MalaysiaAsia Pacific University (APU), UCSI University and  Taylor’s University.

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Please fill up the Form below and I will WhatsApp you and provide you with sound advise on how to choose the best private university or college in Malaysia to study at. If you do not give your mobile number or full name as in IC, your query will not be answered. Our knowledgeable & experienced courselor will send you a message on WhatsApp & provide assistance from there.

Top Universities in Malaysia to Study Actuarial Science with Exemptions from Validated by Educational Experience (VEE) Papers from Society of Actuaries (SOA) and Prepare You for the Professional Exams

I was confused what to study & which university. My cousin introduced me to EduSpiral who helped me to make the right choice. Ye Lun, Actuarial Science at Asia Pacific University

I was confused what to study & which university. My cousin introduced me to EduSpiral who helped me to make the right choice.
Ye Lun, Actuarial Science at Asia Pacific University

Heriot-Watt’s Statistics & Operational Research course (Actuarial Mathematics and Statistics) was placed the world’s top 200. The best university in Malaysia for Actuarial Science would be Heriot-Watt University Malaysia where students can get 8-paper exemptions out of 15 needed to qualify as a Fellow at the Institute and Faculty of Actuaries (FIA), UK. This degree is one of only a few to be accredited by the UK actuarial profession. Good performance means exemptions from professional examinations (CT1-CT8), giving prospective actuaries an advantage over those on other mathematics programmes.

Graduates who go on to qualify as actuaries with the Society of Actuaries in North America can get credit from some of the SOA examinations on the basis of exemptions from the IfoA examinations.

Heriot-Watt University is recognised as a Center of Actuarial Excellence by the Society of Actuaries (SOA), North America. Heriot-Watt University is the only Center of Actuarial Excellence in Europe and one of only 30 other schools worldwide with this designation. With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization with more than 28,000 actuaries as members.

Furthermore, students can consider studying the UK Dual Award Staffordshire University degree locally in Malaysia at Asia Pacific University (APU) graduating with the BSc (Hons) Actuarial Studies.

In addition, students will receive a dual award University of the West of England, UK degree at Taylor’s University for the BSc. (Hons) Actuarial Studies. Taylor’s University offers a 3-year and a 4-year Actuarial Studies degree programme.

The 1-year internship at Taylor’s University is offered in the third year of the 4-year programme, students have the opportunity to broaden their knowledge and gain industry exposure that will help them excel in their final year of studies.

UCSI University is one of the pioneers for actuarial science in Malaysia and offers a top rated actuarial science degree that’s affordable.

Students after SPM or O-Levels with at least 5 credits including the relevant subjects may enter the  Foundation in Business  or Foundation in Arts for 1 year before continuing on to the Actuarial Studies degree.

Pre-University graduates in Malaysia from programmes such as UEC, STPM, A-Levels, SAM, CPU, AUSMAT and others may enter directly into the Actuarial Science or Actuarial Studies degree providing they meet the minimum entry requirements.

Best UK Dual Award Actuarial Science Degree Course in Malaysia at Asia Pacific University (APU)

Graduates from Asia Pacific University will receive a UK Dual Award degree from Staffordshire University. An impressive 95% of APU's graduates obtain jobs before graduation.

Graduates from Asia Pacific University will receive a UK Dual Award degree from Staffordshire University. An impressive 95% of APU’s graduates obtain jobs before graduation.

At Asia Pacific University, Bachelor of Science (Hons) Actuarial Studies students will also receive credits for all the 3 Validated by Educational Experience (VEE) papers from SOA as long as they receive a minimum mark of 70% in the APU equivalent papers.

Graduates from Asia Pacific University will receive a dual award, one from APU and the other from Staffordshire University, UK.  After completing the Foundation in Business & Management, students will enter the BSc. (Hons) in Actuarial Studies at APU. Uniquely at APU, graduates will receive dual degrees, one from APU and the other from Staffordshire University, UK.

The qualification is recognised internationally and the collaboration approved by the United Kingdom Quality Assurance Agency’s (QAA); the Ministry of Education of Malaysia; and the Malaysian Qualifications Agency (MQA).

Since its inception in the early 1900s, Staffordshire University has evolved into one of the country’s most dynamic, progressive and forward-thinking learning institutions.

A modern, fast-paced, vocationally-led University with 100 year’s experience of pioneering higher education within the creative, technological and scientific industries. Students can opt to transfer to Staffordshire University for the final 2 years or final year of studies for a UK experience.

The actuarial science degree programme at Asia Pacific University (APU) is specifically designed to

provide:

  • The necessary knowledge and skills to provide advice to institutions like insurance or reinsurance companies, pensions funds and financial and investment institutions. The skills acquired by actuaries are not confined to the financial sector but are also transferable to any organisation that has to deal with risk and make financial sense of the future.
  • Opportunities to adapt to Insurance-related industries by providing them with assignments to mimic the actual decision making process and broad-based information pertaining to the industries.
  • Opportunities to develop their skills to solve a problem and model a solution using specialized statistical and actuarial methods.

What you will study in the Bachelor of Science (Hons) in Actuarial Studies at Asia Pacific University (APU)

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Zijun, Actuarial Science at Asia Pacific University

Asia Pacific University’s BSc (Hons) in Actuarial Studies is a 3 years degree programme of full-time study. The actuarial studies degree programme at APU is designed not only to provide students with knowledge and skills to enter the actuarial profession but also prepare them for the professional examinations that will lead them to a qualified actuary.

During their undergraduate studies, students can attempt the examinations conducted by professional bodies such as Society of Actuaries (SOA) or Institute and Faculty of Actuaries (IFoA) and upon graduation, they can embark on careers as an actuarial assistant.

In Asia Pacific University, students will also receive credits for all the 3 Validated by Educational Experience (VEE) papers from SOA as long as they receive a minimum mark of 70% in the APU equivalent papers.

I was confused what to study & which university. My cousin introduced me to EduSpiral who helped me to make the right choice.
Ye Lun, Actuarial Science at Asia Pacific University

While working, they continue to sit and pass the remaining professional exams, eventually becoming qualified actuaries in their chosen specialisation in various areas such as Corporate Finance and Enterprise Risk management, Individual Life and Annuities, Group and health Insurance, Retirement Benefits, Quantitative Finance and Investment, and General Insurance.

APU graduates will also acquire the essential leadership qualities, work in teams, communication skills, problem solving abilities, critical thinking, as well as entrepreneurial and managerial skills that will enable them to face the challenging and exciting world today.

Actuaries usually work primarily for the insurance industry. They are also highly sought after by other sectors such as private corporations, banks, financial institutions and investment firms, brokerages and even government department such as Bank Negara also requires actuaries in risk management and financial consulting services.

APIIT & APU had continuously wins awards for excellence in education, research and development and for the achievements of their students. Students interested to register at APU may go to this link.

Year 1 Subjects for the UK Dual Award BSc (Hons) in Actuarial Studies at Asia Pacific University

Asia Pacific University new campus at Technology Park Malaysia, Bukit Jalil in Kuala Lumpur

Asia Pacific University new campus at Technology Park Malaysia, Bukit Jalil in Kuala Lumpur

The first year programme comprises modules from the areas of finance, economics and mathematics. The objective of the first year is to equip students with the basic tools of mathematical, financial, accounting and economic analysis which will be required for the modules to follow at Level 2

Statistical Investigation module forms the basis for later statistics options. Linear Algebra, Calculus, Discrete Mathematics, Probability Models and Statistical Inference are introductory level courses designed to prepare students for using mathematics & statistics in other contexts.

Economics will provide students with a better understanding of the Business Environment. Financial Accounting skills and the core principles underlying financial theory will be introduced in this level which will be enhanced in the higher level.

Business & Communication Skills will further equip students with the communication skills required to cope with academic demands of degree level study in all disciplines.

Modules

  • Business and Communication Skills
  • Business Economics
  • Calculus
  • Discrete Mathematics
  • Financial Accounting
  • Introduction to Visual Programming
  • Linear Algebra
  • Probability Models
  • Statistical Inference
  • Statistical Investigation
  • Three (3) MQA modules applicable only to Malaysian students

MQA Modules

  • Bahasa Melayu (Malay Language)
  • Pengajian Malaysia (Malaysian Studies)
  • Pendidikan Moral (Moral Studies); or Pendidikan Islam (Islamic Studies)

Year 2 Subjects for the UK Dual Award BSc (Hons) in Actuarial Studies at Asia Pacific University

This level looks at applications of mathematics and statistics in the Financial & insurance sectors.

1st Runner Up in the 2014 Chartered Institute of Management Accounting (CIMA) GLOBAL Business Challenge Malaysia - Ali Atiq, Nikita Arabel Pironti, Kasimova Shafia and Veeresh Roy Joggesser, who are all third year BA (Hons) in Accounting and Finance students from Asia Pacific University (APU)

1st Runner Up in the 2014 Chartered Institute of Management Accounting (CIMA) GLOBAL Business Challenge Malaysia – Ali Atiq, Nikita Arabel Pironti, Kasimova Shafia and Veeresh Roy Joggesser, who are all third year BA (Hons) in Accounting and Finance students from Asia Pacific University (APU)

The modules offered will cover techniques for the analysis of results from experiments and surveys where students will be doing modules like Regression Analysis, Time Series & Forecasting, Life Contingencies as well as Linear Programming.

Modules such as Financial Mathematics, Financial Planning & Control, Financial Statement Analysis and Financial management will allow students to explore finance in greater depths, both at the planning and management aspect.

The Financial Economics module will introduce students to the necessary skills to

construct asset liability models and to value financial derivatives whereas Life Contingencies module will provide students with a grounding in the mathematical techniques which can be used to model and value cashflows dependent on death, survival, or other uncertain risks.

Ethics & Corporate Governance will also be taught in this level to provide students with relevant knowledge, skills and professional judgment in which companies are directed and controlled.

Students may opt to undergo an optional period of practical training of about 3 months after the second level of study, which

EduSpiral met up with me many times to explain the course to me, took me to visit the campus, & even arranged the Head of Department to clear my doubts. Fung (Right), Accounting at Asia Pacific University

EduSpiral met up with me many times to explain the course to me, took me to visit the campus, & even arranged the Head of Department to clear my doubts.
Fung (Right), Accounting at Asia Pacific University

would enable students to experience the culture and ethos of a working environment and formal employment.

Students will benefit from seeing how the skills and knowledge acquired are applied in a practical setting.

Modules

  • Calculus II
  • Ethics and Corporate Governance
  • Financial Economics
  • Financial Management
  • Financial Mathematics
  • Financial Planning and Control
  • Financial Statement Analysis
  • Life Contingencies
  • Linear Programming
  • Regression Analysis
  • Research Methods
  • Time Series and Forecasting

Year 3 Subjects for the UK Dual Award BSc (Hons) in Actuarial Studies at Asia Pacific University

Corporate Finance, Risk Theory, Financial Derivatives, Macroeconomics Policy & Financial Markets, and Portfolio Management

I was confused about what to study & where to study. EduSpiral spent a lot of time to explain the courses & which ones had bright careers. He also advised me to choose a university that has an English-speaking environment to help improve my language skills. Hui Ying, Diploma in Accounting leading to Finance Degree, Asia Pacific University

I was confused about what to study & where to study. EduSpiral spent a lot of time to explain the courses & which ones had bright careers. He also advised me to choose a university that has an English-speaking environment to help improve my language skills.
Hui Ying, Diploma in Accounting leading to Finance Degree, Asia Pacific University

modules will further enhance the knowledge of an individual to plan, manage, and analyze the financial and monetary aspects and performance of business enterprises, banking institutions or other organisations.

Insurance Practice and Survival Analysis modules introduce students to a wide range of concepts and terminologies in insurance providing students with basic skills of calculating various insurance related items. Introduction to Stochastic Process will introduce students to a range of stochastic process which are used as modeling tools in diverse fields of applications.

Students will also carry out an individually researched project and their own investigations into areas related to investment, finance, commerce or insurance.

Modules

  • Corporate Finance
  • Financial Derivatives
  • Insurance Practice
  • Introduction to Stochastic Process
  • Investigation in Actuarial Studies
  • Macroeconomics Policy and Financial Markets
  • Pension Planning
  • Portfolio Management
  • Project in Actuarial Studies
  • Risk Theory
  • Survival Analysis

The UK Dual Degree Programmes at Asia Pacific University

Staffordshire University is a top rated university in the UK

Staffordshire University is a top rated university in the UK

The Dual Degree Programmes are offered through a unique collaborative partnership between APU and Staffordshire University, United Kingdom, through which Staffordshire accredits undergraduate programmesthat are designed and delivered by APU. On completion of the programme, students will be awarded two undergraduate degree Certificates and Transcripts: one from APU and one from Staffordshire.

The APU-Staffordshire Dual Degree Programmes are offered under an approved collaboration in accordance with the Code of Practice for the Assurance of Academic Quality and Standards in Higher Education as published by the United Kingdom Quality Assurance Agency’s (QAA).

APU’s academic programmes are all approved by the Ministry of Higher Education of Malaysia and the qualifications are accredited by the Malaysian Qualifications Agency (MQA).

The Computer Science degree programme at Asia Pacific University is specifically designed to provide:

  • Technical knowledge, skills and background in the design and organization of computer systems.
  • The ability to critically evaluate design paradigms, languages, algorithms, and techniques used to develop complex software systems.
  • The ability to evaluate and respond to opportunities for developing and exploiting new technologies.

 

Top Bachelor of Science (Hons) Actuarial Studies UK Dual Award degree programme at Taylor’s University Lakeside Campus

The beautiful 27-acre Taylor's Lakeside Campus will provide all the right conditions for a vibrant exchange between academic, commercial, social and leisure activities for top students

The beautiful 27-acre Taylor’s Lakeside Campus will provide all the right conditions for a vibrant exchange between academic, commercial, social and leisure activities for top students

Students wanting a top rated business degree can go for the Bachelor of Science (Hons) Actuarial Studies  UK Dual Award degree at Taylor’s University. Students will receive a degree from Taylor’s University as well as the top ranked University of the West of England, UK. These are just some of the reasons that Taylor’s University is one of the best universities in Malaysia for you to study the degree in Actuarial Studies.

Actuarial Studies is the extensive study of mathematics, probability, statistics, finance and economics. Offered by Taylor’s Business School (TBS), the programme transforms students into skilled analytical problem solvers who are trained to calculate and manage financial risk for businesses.

Beyond providing a comprehensive programme, Taylor’s University further enrich the educational experience through various learning opportunities to help students get the most out of their studies.

3-Year and 4-Year Bachelor of Science (Hons) Actuarial Studies UK Dual Award degree programme at Taylor’s University in Malaysia

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Gan twins, Foundation in Arts at Taylor’s University

Designed to Suit Different Needs

The Actuarial Studies programme at Taylor’s University offers flexibility and allows students to choose how they wish to maximise their time at Taylor’s Business School. These options include:

A Semester Abroad
Students have the choice to complete a semester abroad in their second year. Credits gained during this semester will be recognised by Taylor’s University.

Short Internship
Offered in the final year of the 3-year programme, students have the opportunity to apply classroom lessons and gain industry experience from top companies.

Long Internship
Offered in the third year of the 4-year programme, students have the opportunity to broaden their knowledge and gain industry exposure that will help them excel in their final year of studies.

Flexible Learning
Students also have the option to transfer to another Taylor’s Business School programme during their course. Credits gained during their enrolment in Actuarial Studies will be credited to their new programme. Students have an option to take electives from other business programmes as well.

Programme Structure for the Bachelor of Science (Hons) Actuarial Studies UK Dual Award degree programme at Taylor’s University in Malaysia

Year 1 Subjects for the Actuarial Studies degree programme at Taylor’s University

  • Mathematics of Finance
  • Mathematics Statistics
  • Insurance Practices and Takaful
  • Macroeconomics
  • Fundamentals of Linear Algebra
  • Introduction to Accounting
  • Introduction to Finance
  • Microeconomics
  • MPU 1(a)
  • MPU 1(b)

Year 2 Subjects for the Actuarial Studies degree programme at Taylor’s University

  • Globalisation and Economics Sustainability
  • Enterprise Risk Management
  • Advanced Calculus
  • Actuarial Mathematics
  • Calculus
  • Corporate Finance
  • Life Contingencies I
  • MPU 2
  • MPU 3
  • MPU 4
  • 1 Elective
Year 3 Actuarial Studies SubjectsYear 3 Actuarial Studies Subjects
Business Ethics and Values
Financial Economics
Insurance Regulations and Corporate Law
Life Contingencies II
Personal Financial Planning
Life Insurance and Pension Funds
Programming
Stochastic Processes
Project
Internship Placement (Short Internship)
2 Electives
Internship Placement (Long Internship)
Year 4 Actuarial Studies Subjects
Business Ethics and Values
Financial Economics
Insurance Regulations and Corporate Law
Life Contingencies II
Life Insurance and Pension Funds
Programming
Stochastic Processes
Project
2 Electives

UK Dual Award from the University of the West of England (UWE), Bristol, U.K.

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Chun Tim, Foundation in Business into Finance at Taylor’s University

Taylor’s Business School (TBS) offers dual award degree programmes in collaboration with the Bristol Business School, University of the West of England (UWE), UK. A quality review committee, comprising academics from both institutions, is established for quality assurance and the moderation of the standards of the programmes, which includes curriculum and assessment. Students will receive certification from both Taylor’s University and UWE upon completion of their degrees at Taylor’s.

Tracing its roots back to 1595, UWE represents a long and well-established tradition of first-class professional education and training. With over 30,000 students, UWE is a modern, growing university situated in Bristol, which is ranked UK no.1 most liveable city.

UWE has been ranked no.6 for employability in the UK. 95% of graduates are employed or in further study six months after graduation. Bristol is the eighth largest city in the UK, the largest city in the south west and is home to many large businesses and employers including Airbus, AXA, BBC, Environment Agency, Hewlett Parkard, Lloyds TSB, Ministry of Defence and Rolls-Royce.

Internship and Industry Immersion Programme

A distinctive feature of our Bachelor of Business (Hons) curriculum is the internship and industry immersion programme at established organisations. The internship programme aims to provide you with a deeper cross-cultural appreciation of both business practices and research, whereas industry immersion programme is specially designed to provide you with a wealth of exposure with some of the prestigious companies in the corporate world, and receive exclusive training, insights and mentorship form industry veterans.

National Business and Entrepreneurship Competitions

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Terence Wong, Business at Taylor’s University

Taylor’s University students have consistently been involved in real-life business presentations and pitches, where they have gone on to clinch numerous awards and gain national and international recognition.

These opportunities put their knowledge and skills to the test, and add to the repository of experiences that prepare them for business. Active participation in these events also enables students to benchmark their solutions and knowledge against their peers, while managing the challenges that come with actual business scenarios.

  • HSBC Young Entrepreneur Challenge
  • Business Prototype Showcase
  • Tokio Marine Marketing Challenge
  • CIMB ASEAN Stock Challenge
  • CIMA Global Business Challenge
  • Taylor’s Business Plan Challenge
  • Deloitte Risk Intelligence Challenge Trophy
  • CFA Institute Research Challenge
  • PNB Kuiz Pelaburan
  • Innovative Youth, Future Business Leader
  • L’Oreal Brandstorm Competition

EduSpiral Consultant Services- Your Personal Online Education Advisor

Established since 2009, EduSpiral Consultant Services helps provide information and counselling on courses and private universities in Malaysia.

EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide range of choices for students to choose from. These colleges and universities offer value for money in the quality of education and excellent facilities that you get.

These universities and colleges are chosen by EduSpiral because they represent the best in their fields in Malaysia and affordable. EduSpiral provides in-depth information and counseling on their courses so that students are able to make the right choice.

If you are still not sure what to study, please contact us and we will send you a free EduSpiral Career Assessment Form.

Please contact us for more details.

Please fill up the Form below and I will WhatsApp you and provide you with sound advise on how to choose the best private university or college in Malaysia to study at. If you do not give your mobile number or full name as in IC, your query will not be answered. Our knowledgeable & experienced courselor will send you a message on WhatsApp & provide assistance from there.

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Posted on May 19, 2017, in Actuarial Science, Best University, Business, Choosing the right course, Choosing the right university, Study in Malaysia, Top Universities and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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