Top 4 Actuarial Science Universities in Malaysia

Four 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. The first step that a student after SPM or O-Levels will need to consider a university in Malaysia that has a solid Actuarial Science degree programme that will help you prepare well for the professional papers. Students should have excellent overall results including Maths in order to tackle the academic rigours of the actuarial science programme.

There are not many universities in Malaysia that offer the degree in Actuarial Science. Choose the best university in Malaysia for Actuarial Science for your Foundation and Degree studies so that you will gain a solid grounding in mathematics, accounting, finance and statistic to integrate theories with actual experience and build a foundation to handle the Society of Actuaries (SoA) USA professional papers.

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

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.

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.

The top 4 private universities in Malaysia offering the actuarial science course are:

  1. Heriot-Watt University Malaysia
  2. Asia Pacific University (APU)
  3. Taylor’s University
  4. UCSI University

Students can obtain a Staffordshire University, UK degree locally in Malaysia at Asia Pacific University (APU) graduating with the UK Dual Award BSc (Hons) Actuarial Studies or getting a top ranked UK Degree in Actuarial Science from Heriot-Watt University Malaysia.

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

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.

Education Pathway in Malaysia to Society of Actuaries (SoA) USA

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Ye Lun, Actuarial Science at Asia Pacific University

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.  Outstanding private universities in Malaysia for Actuarial Science or Actuarial Maths degree with VEE Paper exemptions from SOA are Heriot-Watt University Malaysia,  Asia Pacific University and  Taylor’s University.

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).

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

Actuarial Science at Asia Pacific University (APU)

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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.

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.

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.

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 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.

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 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)

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

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

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.

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

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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 (Hons) Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. Students who obtain a first class or good upper second class (2:1) Honours degree automatically obtain exemptions from the CT1-8 subjects for which they have studied relevant material in their degree. In addition, exemptions are still available on an individual subject basis

It is expected that the Actuarial Science 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.

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
  • 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 Actuarial Science Degree at Heriot-Watt University Malaysia

Actuarial Science at Heriot-Watt University Malaysia

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Bryan Yap, Foundation in Business (Actuarial Science) 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.

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.

The Best Actuarial Science Degree Programme at UCSI University

Associate Professor Dr. Ngerng Miang Hong Ph.D, Head of Department, Actuarial Science & Applied Statistics at UCSI University

Associate Professor Dr. Ngerng Miang Hong
Ph.D, Head of Department, Actuarial Science & Applied Statistics 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

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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.

Assoc Prof Dr Toh Kian Kok is also the Deputy Vice-Chancellor, Quality Assurance and Enhancement at UCSI University with a B.Sc. (Actuarial Science), M.Sc. (Applied Mathematical Science), and Ph.D (Statistics)

The result: A course that provides students with a world-class degree in line with the requirements of the Society of Actuaries (SOA) – the largest professional organisation for actuaries in the world. On top of that, the course also grooms students to have the rigorous capacity to ace the professional examinations they are required to sit for.

“Students require only three years of full-time study to prepare them for the professional examinations and on-the-job assessments during the span of their careers,” says Dr Toh, who is the Dean of UCSI University’s Faculty of Business and Information Science.

“It is a heavy responsibility for us as we want to ensure that within their three years with us, we prepare them for the next 30-years or more of their career.”

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