Which are the Top Private Universities Best for Actuarial Science Malaysia

Choosing to Study at the Best University for Actuarial Science will Help You to Handle the Professional Exams

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One of the main aim of getting a university education in Malaysia is to find a stable job so that you can take care of yourself and your family. However, nowadays, with the high cost of living, just finding any job will not do. You will need to find a job that has a high salary.

Furthermore, Choosing the right course is just the first step in the right direction of achieving a life with stable or high income. And to get a job with a high salary, you need to choose a degree course that has a high job demand and salary. The career in Actuarial Science in Malaysia is one that’s financially rewarding should you work hard for it.

The Actuarial Science degree programme has a heavy mathematical and statistical component. The first step after SPM or O-Levels, students will need to consider a private university in Malaysia that has a solid Actuarial Science degree programme that will help you prepare well for the professional papers. After completing your degree, you can continue on to two of the more popular professional papers in Malaysia which are the Society of Actuaries (SoA) USA and the Institute and Faculty of Actuaries (IFoA) (UK).

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Get Prepared Well by Top Actuarial Science Universities in Malaysia to Handle the Professional Papers

I wasn’t sure of which university to join for actuarial science. EduSpiral shared with me about the scholarship and actuarial pathways clearly which helped me to decide.
Wei Zhe, Actuarial Science at Asia Pacific University (APU)

Actuaries in Malaysia are professionals dealing with the financial impact of risk and uncertainty.

Actuaries use their skills in mathematics, economic, computer science, finance, probability and statistics, and business to assess the likelihood of occurrence of certain risky events formulate policies that minimize the cost of these risks.

As such, actuaries are essential to the insurance and reinsurance industry in Malaysia. In addition, they can be consultants to other businesses, including sponsors of pension plans; and to government agencies such as Bank Negara Malaysia.

A top actuarial science programme from a private university in Malaysia can enhance your ability to perform well on the rigorous demands of the actuarial professional exams and requirements.

In addition, exemptions from the professional papers will allow you to complete faster. The most common route to become an Actuary in Malaysia is taking the Professional Papers from the Society of Actuaries (SOA) – USA and the Institute and Faculty of Actuaries (IFoA) – UK.

Top Private Universities for Actuarial Science

The 3-year actuarial science degree programme at a top university in Malaysia provides a solid grounding in mathematics, accounting, finance and statistic to integrate theories with actual experience and build a foundation for students to pursuit professional career in the financial risk management industry.

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 are Heriot-Watt University MalaysiaAsia Pacific University (APU), UCSI University and  Taylor’s University.

Students can consider studying the BSc (Hons) Actuarial Studies at Asia Pacific University (APU). APU is the first and the only Malaysian university that has all the six preliminary exams (P, FM, IFM, LTAM, STAM & SRM) and all the three VEE topics listed in its SOA UCAP profile.

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.

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.

Education Pathway

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 Actuarial Science Degree Course in Malaysia at Asia Pacific University (APU)

Actuarial Science at Asia Pacific University (APU)

I wasn’t sure of which university to join for actuarial science. EduSpiral shared with me about the scholarship and actuarial pathways clearly which helped me to decide.
Wei Zhe, Actuarial Science at Asia Pacific University (APU)

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.

APU is the first and the only Malaysian university that has all the six preliminary exams (P, FM, IFM, LTAM, STAM & SRM) and all the three VEE topics listed in its SOA UCAP profile.

Moreover, APU is one of the first universities to receive Full IFoA Accreditation with (maximum) exemptions from CS1, CS2, CM1, CM2, CB1 & CB2 in the new IFoA curriculum.

After completing the Foundation in Business & Management, students will enter the BSc. (Hons) in Actuarial Studies at APU.  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.

APU’s Bachelor of Science (Honours) in Actuarial Studies programme is to develop students’ mathematical, statistical and analytical skills in addition to actuarial practices as preparation to become a qualified actuary.

Actuaries are highly regarded professional and they work across several industries including life and general insurance, commercial and investment banking, pensions and healthcare, consulting firms, and public sector.

Actuaries are problem solvers and strategic thinkers with a deep understanding of risk management; they are one of the top paying professionals as they are usually in high demand worldwide.

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, 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. APU is the first and the only Malaysian university that has all the six preliminary exams (P, FM, IFM, LTAM, STAM & SRM) and all the three VEE topics listed in its SOA UCAP profile.

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.

In addition, the Actuarial Science degree at Asia Pacific University (APU)  has been awarded full accreditation from the IFoA (UK). APU is among the 7 universities in Asia to receive such worldwide recognition.

APU graduates who perform to the required standard can be eligible for exemption from CS1, CS2, CM1, CM2, CB1 and CB2. This is a 6-paper exemption out of 7 papers of the Core Principles Professional Papers for the new IFoA Curriculum 2019, which is the maximum paper exemptions.

In addition, the university has competent teaching staff with professional or specialized academic qualification, possessing working experience from actuarial industries/academia.

APU’s Actuarial Science course syllabus is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US).

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 BSc (Hons) in Actuarial Studies at Asia Pacific University

An impressive 95% of Asia Pacific University (APU)'s graduates obtain jobs before graduation.

An impressive 95% of Asia Pacific University (APU)’s graduates obtain jobs before graduation.

Equipping students with essential fundamentals of Mathematics, Statistics, Economics and Finance starts at Level 1. To complement the core knowledge, the students will also learn Business, Communication, and IT skills, before progressing to the Level 2 of Actuarial Science study.

  • Probability Models
  • Linear Algebra
  • Business and Communication Skills
  • Calculus
  • Financial Accounting
  • Microeconomics
  • Macroeconomic
  • Introduction to R Programming
  • Advanced Probability Models
  • Statistics

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

Top lecturers teach at Asia Pacific University (APU)

Top lecturers teach at Asia Pacific University (APU)

The core knowledge of Mathematics and Statistics now act as engine to drive the complex models of Economics and Finance in the actuarial industries. Those core knowledge are integrated to form actuarial tools and infrastructure, ready to be used for planning and managing purposes. Students will receive exposure and coaching which are actuarial centric, targeting at industrial applications. They are gradually groomed to be more independent in their study and research efforts.

Modules

  • Asset and Liability Valuations
  • Financial Statement Analysis
  • Predictive Analytics
  • Financial Mathematics
  • Calculus II
  • Regression Analysis
  • Financial Economics
  • Financial Planning and Control
  • Business Research Methods
  • Financial Management
  • Business Ethics & Governance
  • Mathematics of Financial Derivatives

INTERNSHIP (16 WEEKS)

At APU, we encourage our students to be entrepreneurial and innovative. After the completion of Level 2, students will undertake a short internship/industrial training of a minimum of 16 weeks. This will provide our students opportunities to engage with realworld business problems both in our programmes and in our renowned Professional Training placements.

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

Highly experienced and qualified lecturers teach at Asia Pacific University (APU)

Highly experienced and qualified lecturers teach at Asia Pacific University (APU)

The students are now ready to merge their knowledge and industrial experience to forge ahead and put into action their acquired skills in planning, managing and analyzing risk. At this level, emphasis is placed on evaluating financial performance of businesses from actuary’s perspectives. Students will have the opportunity to understand the critical roles played by actuaries, for example, in the development and pricing of insurance products. Risk Management, Actuarial Modeling and Ratemaking are some of a wide repertoire of skills to be used.

Modules

  • Stochastic Processes
  • Life Contigencies
  • 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
  • Survival Analysis

Study the Actuarial Science Degree at the Top Ranked Heriot-Watt University Malaysia

Actuarial Science, Heriot-Watt University Malaysia

My father wanted me to study at the best university for actuarial science & I wasn’t sure about my results. EduSpiral met up with us, explained about the course and university.
Min En, Actuarial Science, 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.

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.

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.

Accreditation

Good performance in examinations means exemptions from all Core Technical subjects, CT1 to CT8, of the UK Institute and Faculty of Actuaries (IFoA) which can be converted to CS1 and 2, CM1 and 2 and CB1 and 2 under the new system of examinations, giving prospective actuaries an advantage over those in other mathematics programmes.

The degree is accredited by the Royal Statistical Society.

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

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.

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

Taylor's University Lakeside Campus encompasses a modern, functional design with state-of-the-art facilities together with lush greenery and its trademark 5.5 acre lake

Taylor’s University Lakeside Campus encompasses a modern, functional design with state-of-the-art facilities together with lush greenery and its trademark 5.5 acre lake

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.

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

Students have access to Technologically advanced classrooms at Taylor's University

Students have access to Technologically advanced classrooms 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

Lecture Theatre at Taylor's University

Lecture Theatre 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 Subjects Year 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.

Taylor's University Lakeside Campus is strategically located in a modern and well-planned township. Just 30 minutes away from the bustling Kuala Lumpur

Taylor’s University Lakeside Campus is strategically located in a modern and well-planned township. Just 30 minutes away from the bustling Kuala Lumpur

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 at Taylor’s University

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.

The Best Actuarial Science Degree Programme at UCSI University

I was confused which university to choose for my studies and contacted EduSpiral. He provided facts & evidence to help me make the right choice. Vivian Chua, Actuarial Science at UCSI University

I was confused which university to choose for my studies and contacted EduSpiral. He provided facts & evidence to help me make the right choice. Vivian Chua, Actuarial Science at UCSI University

Actuaries in Malaysia are professionals dealing with the financial impact of risk and uncertainty.

Actuaries use their skills in mathematics, economic, computer science, finance, probability and statistics, and business to assess the likelihood of occurrence of certain risky events formulate policies that minimize the cost of these risks.

As such, actuaries are essential to the insurance and reinsurance industry in Malaysia. In addition, they can be consultants to other businesses, including sponsors of pension plans; and to government agencies such as Bank Negara Malaysia.

The 3-year BSc (Hons) Actuarial Science programme at UCSI University provides a solid grounding in mathematics, accounting, finance and statistic to integrate theories with actual experience and build a foundation for students to pursuit professional career in the financial risk management industry.

Students at UCSI University will be furnished with the essential leadership qualities, communication skills, problem-solving abilities, critical thinking, as well as entrepreneurial and managerial skills that will enable them to face the challenging yet exciting world, where risks can be turned into opportunities.

Assessments of the Bachelor of Science (Hons) Actuarial Science at UCSI University

The assessment includes a combination of examinations, projects and assignments, and finally a requirement to complete a dissertation in Independent Project in the final year. Students will acquire up-to-date vocational skills that are relevant and competitive. This reflects the complex and challenging nature of the accounting, finance and business realms.

Year 1 Subjects for the Bachelor of Science (Hons) Actuarial Science Degree at UCSI University

I was confused which university to choose for my studies and contacted EduSpiral. He provided facts & evidence to help me make the right choice.
Vivian Chua, Actuarial Science at UCSI University

  • Mathematics 1
  • Statistics
  • Elective 1
  • Managerial Accounting
  • Mathematics 2
  • Applied Probability
  • Mathematics of Interest Rates
  • Mathematics of Financial Derivatives
  • Business Accounting
  • Elective 2
  • Elective 3
  • University Life (MPU-U2)
  • Extracurricular Learning Experience 1 (MPU-U4)
  • Co-operative Placement 1

 

Year 2 Subjects for the Bachelor of Science (Hons) Actuarial Science Degree at UCSI University

  • Applied Statistical Models
  • Life Contingencies 1
  • Financial Management 1
  • Intro to Stochastic Process
  • Life Contingencies 2
  • Loss Models
  • Stat. Simulation for Fin. Modelling
  • Macroeconomics
  • Elective 4
  • Microeconomics
  • Elective 5
  • Business Law- Malaysian Perspective (MPU-U3)
  • Extracurricular Learning Experience 2 (MPU-U4)
  • Co-operative Placement 2

Year 3 Subjects for the Bachelor of Science (Hons) Actuarial Science Degree at UCSI University

  • Independent Project 1
  • Stochastic Calculus for Ins. & Fin.
  • Stat. Methods for Insurance
  • Credibility Theory
  • Actuarial Practices
  • Elective 6
  • Independent Project 2
  • Extracurricular Learning Experience 3 (MPU-U4)
  • Co-operative Placement 3

List of Electives (choose up to 6)

  • Fundamental of Marketing
  • Fundamentals of Management
  • Introduction to Internet Technologies
  • Accounting Information System
  • Business Modelling with Spreadsheet
  • Business Information System
  • Java Programming 1
  • Business Law
  • Business Communications
  • Corporate Finance
  • Visual Basic .Net
  • Numerical & Computing Method

Top Actuarial Science Degree Programme at UCSI University

Chan Min Zhuo, Actuarial Science degree student at UCSI University, is one of the few local students who passed three of the five preliminary exams required in 2 years

As testament to UCSI University’s efforts, they have students who passed three to five preliminary exams when they were still in their second year. This is a remarkable feat.

To obtain the best people for the job, the actuary profession is one of the most Chan Min Zhuo, Actuarial Science degree student at UCSI University, is one of the few local students who passed three of the five preliminary exams required in 2 years regulated. Chan has now passed all 5 preliminary papers.

One must pass professional examinations and various on-the-job assessments, in addition to obtaining a degree. There are not many universities in Malaysia that offer the degree in Actuarial Science.

Teoh Wei Jing, a UCSI Actuarial Science student from SMJK Jit Sin has completed 5 Society of Actuaries (SOA) Professional Papers before entering into the 3rd Year of his degree studies.

Another student, Chong Kim Sin, a UCSI Actuarial Science student has completed 5 Society of Actuaries (SOA) Professional Papers before entering into the 3rd Year of his degree studies.

There are very few students in the whole of Asia who have passed five SoA examinations before the third year. This makes Chong Kim Sin among Asia’s crème de la crème for actuarial science.

Currently, Chong Kim Sin has passed the Probability (P), Financial Mathematics (FM), Actuarial Models: Financial Economics (MFE), Actuarial Models: Life Contingencies (MLC), as well as the Construction and Evaluation of Actuarial Models (C) examinations.

He now has only two components left before qualifying as an Associate of the Society of Actuaries (ASA); the Fundamentals of Actuarial Practice (FAP) and Associateship Professionalism Course (APC).

Other top UCSI students Xie Chun Xiao, Angie Ng Mei Sean, Christopher Low Jia Iuan, Callie Loh, Hon Li Yen, Ham Khai Chung, Ngew Chee Hong Anthony, Tan Khe Han and Wong Mei Chin have completed 4 preliminary SoA examinations before the third year.

Understanding the profession’s stringent requirements, UCSI University sought the knowledge and experiences of Dr Ngerng Miang Hong and Dr Toh Kian Kok to manage and design its BSc (Hons) Actuarial Science.To study Actuarial Science in Malaysia, students should choose a university that best equips them with the knowledge and skills to succeed in actuaries.

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