Find Out About the UK Dual Award Bachelor of Science (Hons) Actuarial Studies with a specialism in Data Analytics Degree Course Details, Entry Requirements, Fees & Intakes at Asia Pacific University (APU) Malaysia
- Accreditation & Recognition of the Actuarial Science Degree at Asia Pacific University (APU)
- Intake Dates, Fees, Entry Requirements, and Programme Outline for the Bachelor of Science (Hons) Actuarial Studies at Asia Pacific University (APU)
- APU BSc (Hons) in Actuarial Studies with a Specialism in Data Analytics is a 3 years degree programme of full-time study. This programme 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 with a specialism in Data Analytics is designed to provide you an edge with the latest technologies that are in line with the Industrial Revolution 4.0. In addition to the core modules in Actuarial Science, students will focus on specialised modules in Data Analytics such as:
- Programming for Data Analytics
- Operational Research and Analytics
- Behavioural Science & Marketing Analytics
- Advanced Predictive Analytics
- Behavioural Science & Marketing Analytics
- Advanced Predictive Analytics
APU’s Bachelor of Science (Honours) in Actuarial Studies is a 3-year degree programme of full-time study. This programme is to develop students’ mathematical, statistical and analytical skills in addition to actuarial practices as preparation to become a qualified actuary. Students who are under Bachelor’s Degree Programme will have the option to opt-in for the APU-DMU Dual Degree Scheme. Under this Scheme, students will receive 2 Degree Certificates & Transcripts upon graduation: 1 from Asia Pacific University (APU), Malaysia and 1 from De Montfort University (DMU), UK.
Malaysian students after high school or Pre-University wanting to find out more about the Bachelor of Science (Hons) Actuarial Studies course, intake dates & tuition fees at Asia Pacific University (APU), Malaysia have come to the right place. We will provide detailed information for the course and counseling is available.
Established in 1993, Asia Pacific University (APU) is famous in Malaysia for its technology courses and is one of the first private universities to offer the actuarial science degree programme. The Actuarial Science degree at Asia Pacific University (APU) has been awarded full accreditation from the Institute and Faculty of Actuaries (IFoA) (UK). APU is among the 7 universities in Asia to receive such worldwide recognition. In addition, 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.
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Actuarial Studies with a specialism in Data Analytics Degree Programme at Asia Pacific University (APU) in Malaysia
Students after SPM or IGCSE/O-Levels will join the Foundation in Business & Finance at APU and subsequently upon successful completion will continue into the BSc. (Hons) in Actuarial Studies with a specialism in Data Analytics at APU.
The actuarial science Actuarial Studies with a specialism in Data Analytics programme at Asia Pacific University (APU) is specifically designed to provide:
- 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 specialised 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 mould graduates to be industry-ready.
What you will study in the Bachelor of Science (Hons) in Actuarial Studies with a specialism in Data Analytics at Asia Pacific University (APU)
APU BSc (Hons) in Actuarial Studies Actuarial Studies with a specialism in Data Analytics is a 3 years degree programme of full-time study. This programme 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.
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.
Year 1 Subjects for the BSc (Hons) in Actuarial Studies with a specialism in Data Analytics at Asia Pacific University
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.
Modules
- 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 with a specialism in Data Analytics at Asia Pacific University
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.
In addition to the common modules for actuarial studies, students will also take two specialism modules (Programming for Data Analytics and Operational Research and Analytics) to gain exclusive exposure to data analytics.
Modules
- 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
Specialised Modules
- Programming for Data Analytics
- Operational Research and Analytics
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 with a specialism in Data Analytics at Asia Pacific University
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 analysing 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.
In addition to the common modules for actuarial studies, students will also take two specialism modules (Behavioural Science & Marketing Analytics and Advanced Predictive Analytics) to gain further knowledge and skills for data analytics.
Modules
- 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
Specialised Modules
- Behavioural Science & Marketing Analytics
- Advanced Predictive Analytics
MQA Compulsory Subjects*
- Appreciation of Ethics and Civilisation (M’sian Students)
- Malay Communication Language (Int’l Students)
- Philosophy and Current Issues
- Workplace Professional Communication Skills
- Employee & Employment Trends
- Co-Curriculum
(*All students are required to successfully complete these modules as stipulated by the Malaysian Qualification Agency)
Career Options for Graduates of the BSc. (Hons) in Actuarial Studies at Asia Pacific University (APU)
- Actuary
- Data Analyst
- Data Scientist
- Data Engineer
- Risk Analyst
- Financial Analyst
- Business Analyst
- Financial Planning Advisor
- Investment & Portfolio Manager
- Regulator
- Statistician
- Mathematician
- Professor
Intake Dates for the BSc. (Hons) in Actuarial Studies with a specialism in Data Analytics at Asia Pacific University (APU)
The duration for the BSc. (Hons) in Actuarial Studies with a specialism in Data Analytics at Asia Pacific University (APU) is 3 years with 2 semesters a year. Each semester is 6 months long.
Intakes for the degree programmes are in February, April, September and November of each year. For the exact dates, please WhatsApp 01111408838
2023 Course Fees:
| Malaysian Students | International Students |
| Year 1: RM 25,400 Year 2: RM 25,800 Year 3: RM 26,800 Total: RM 78,000 |
Year 1: RM 28,600 (USD 7,150) Year 2: RM 29,700 (USD 7,430) Year 3: RM 29,900 (USD 7,480) Total: RM 88,200 (USD 22,060) |
* Fees stated above do not include Deposits and other Miscellaneous Fees. Please refer to Fee Guide for details.
Education Pathway to the Actuarial Science Degree at Asia Pacific University (APU)
Students after SPM or IGCSE/O-Levels may go for the Foundation in Business & Finance at Asia Pacific University for 1 year before continuing on to the 3-year BSc. (Hons) Actuarial Studies degree.
With 3 credits in SPM or IGCSE/O-Levels including Maths, students may go for the 2-year Diploma in Accounting and then enter into Year 2 of the Actuarial Studies degree at top rank Asia Pacific University (APU).
Pre-University students with the relevant results in STPM, A-Levels, SAM, CPU, AUSMAT, etc. can enter directly into Year 1 of the BSc. (Hons) Actuarial Studies degree.
Entry Requirements for the Actuarial Studies Degree at Asia Pacific University (APU)
| Programmes | General Requirements |
| DIRECT ENTRY TO LEVEL 1 OF THE DEGREE: | |
| STPM | • 2 Passes in STPM with a minimum Grade C+ (GP 2.33) and a Credit in Mathematics and a Pass in English at SPM Level or its equivalent. |
| A-LEVEL | • 2 Passes in A-Level in any 2 subjects, and a Credit in Mathematics and a Pass in English at SPM/O-Level/ IGCSE or its equivalent. |
| UEC | • 5 Grade B’s in UEC including Mathematics with a Pass in English. |
| MATRICULATION/ FOUNDATION | • Passed Foundation programme (minimum CGPA of 2.5) with a Credit in Mathematics and a Pass in English at SPM/O-Level/IGCSE or equivalent. |
| DIRECT ENTRY TO LEVEL 2 OF THE DEGREE: | |
| DIPLOMA IN ACCOUNTING | • Passed Diploma with minimum CGPA of 2.5 and a Credit in Mathematics at SPM level. |
Any qualification that APU accepts as equivalent to the above.
Accreditation & Recognition of the Actuarial Science Degree at Asia Pacific University (APU)
APU’s Bachelor of Science (Honours) in Actuarial Studies is a 3-year degree programme of full-time study. This 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.
APU’s Bachelor of Science (Honours) in Actuarial Studies offers Double the Advantage with a Dual Award from De Montfort University (UK), maximum exemptions from IFoA and SOA to attain associateship and fellowship and enrich global community.
Institute and Faculty of Actuaries (IFoA) (UK)
The Actuarial Science degree at Asia Pacific University (APU) has been awarded full accreditation from the Institute and Faculty of Actuaries (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).
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.
| SOCIETY OF ACTUARIES (SOA), USA |
 
APU is also recognized by the Society of Actuaries (US) that our BSc (Hons) Actuarial Studies will prepare students for all the six preliminary exams (P, FM, IFM, LTAM, STAM, and SRM) in the new SOA curriculum. This is in addition to the approved coursework for all the three VEE topics (Accounting & Finance, Economics, and Mathematical Statistics).
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