Category Archives: Actuarial Science

Top Actuarial Science Universities in Malaysia


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 Asia Pacific UniversityUCSI University and  Taylor’s University.

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Top Private 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

Students can consider studying the BSc (Hons) Actuarial Science at UCSI University or obtain a Staffordshire University, UK degree locally in Malaysia at Asia Pacific University graduating with the BSc (Hons) Actuarial Studies.

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, 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.

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

Asia Pacific University (APU) is ranked Tier 5 or "Excellent" in the SETARA 2013 rating by MQA. APU is now operating at its new iconic campus at Technology Park Malaysia, Kuala Lumpur.

Asia Pacific University (APU) is ranked Tier 5 or “Excellent” in the SETARA 2013 rating by MQA. APU is now operating at its new iconic campus at Technology Park Malaysia, Kuala Lumpur.

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)

After chatting with EduSpiral on WhatsApp, he met me & my family to take us around the campus & provide further advise on the course.
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.

Asia Pacific University students have access to state-of-the-art computer facilities that include the latest PCs and workstations with Internet connection, operating systems, software suites and commercial programming software in multiple IT labs built for project work, multimedia production, software and internet programming.

Asia Pacific University students have access to state-of-the-art computer facilities that include the latest PCs and workstations with Internet connection, operating systems, software suites and commercial programming software in multiple IT labs built for project work, multimedia production, software and internet programming.

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.

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.

Students after SPM or O-Levels will need at least 5 credits including Maths to enter the Foundation in Arts at UCSI University for one year before continuing on to the Actuarial Science degree course. Scholarships are available to deserving students for the Foundation and degree programmes at top ranked UCSI University. Students interested to join UCSI University may apply online to register.

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

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

  • 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

Students learn from qualified & experienced lecturers at UCSI University

Students learn from qualified & experienced lecturers 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

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

  • 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

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

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

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.

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.

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.

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).

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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 library & computer labs are located inside the Learning Resource Centre at UCSI University

The library & computer labs are located inside the Learning Resource Centre at UCSI University

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.”

Award-Winning Business Students at UCSI University

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

2015 – Wong Hao Yi & Kok Yat Sing, Bachelor of Science (Hons) Actuarial Science students at UCSI University, became National Champions for CIMB ASEAN Stock Challenge 2015, organised by CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets.

2015 – Kong Kah Weng, Eric, Bachelor of Arts (Hons) Marketing student at UCSI University, is the First Prize Winner for the “Think New” Essay Writing Competition, Eric Kong won himself a one month internship at Novo Education New Zealand. The competition was organized by South and South East Asia (SSEA), Education New Zealand.

2015 – Yeah Nyoke Kim, Bachelor of Arts (Hons) Logistics Management student at UCSI University, won the Best Student Award at the Chartered Institute of Logistic and Transport (CILT) Convocation 2015, Malaysia

2015 – Lim Czi Xian, Bachelor of Science (Hons) Finance and Investment at UCSI University, was chosen as the Seminar Leader for Obuse, Negano Prefecture to teach 8 seminars on philosophy in Japan, a project fully sponsored by Reischauer Institute of Japanese studies at H-LAB, Harvard College Japan Initiative.

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

2015 – Fatin Aveena Binti Azlan, Bachelor of Business Administration (Hons) Oil and Gas Management student at UCSI University, participated in the 2015 Yong Southeast Asian Leaders Initiative* (Yseali) Institute on Environmental issues in the United States, fully funded by the Department of United States and will be hosted by the University of Montana, Montana from 25 August -30 September 2015. * Initiative by U.S. President Barack Obama, international Council of Malaysian Scholars and Associates, Hosted by Mckensey & Co.

2014/2015 – Yong Kok Seong (Diploma in Management), Loh Peng An (Bachelor of Arts (Hons) Logistics Management) & Lo Shai Man (Bachelor of Arts (Hons) Accounting) won Merit Prize in the Malaysia Startup Challenge (MSC) Malaysia – Institution of Higher Learning (IHL)

EduSpiral helped me to find the right college for A-Levels, & now they have helped me to choose what to study after my A-Levels.
Chee Kin, Actuarial & Finance degree at UCSI University

2014 – Eric Kong Kah Weng (Bachelor of Arts (Hons) in Marketing), Kelvin Choo Chiang Tung (Bachelor of Science (Hons) in Finance and Investment), and Vivian Ng Mun Yee (Bachelor of Arts (Hons) in Accounting) emerged Champion for the event “World Islamic Economic Forum (WIEF) Business Plan Challenge 2014” for Social Entrepreneurial Project — “Bangi Soap”, Kampung Kalangkaman, Sabah, Malaysia

2013 – Lim Wai Hing & Chew Pei Xin (Bachelor of Arts (Hons)Business Administration students at UCSI University) won First runner-up placing at the Malaysia Startup Challenge (MSC) – Institution of Higher Learning (IHL) Business Plan Competition (MIBPC), 2012/2013, an annual competition that seeks to nurture a new generation of technology entrepreneurs.

2013 – Vanessa Meghann @ Ang Man Xuan, Liew Wye Yaw, Jason Yao Ching Huat & Vijayalecchumy who are Diploma In Management students at UCSI University emerged Champion for the Entrepreneurial Building Project 2014 competition, Malaysia

2011 – Foo Dun Fei & Ng Shing Leng (Bachelor of Arts (Hons)Business Administration students at UCSI University)won the first runner up during the national Malaysia Startup Challenge (MSC)–Institution for higher Learning (IHL) Business Plan Competition

Co-Operative Education Training Programme for Every Year of Degree Studies at UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship). Paul Kong, graduated in Business Administration from UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship).
Paul Kong, graduated in Business Administration from UCSI University

With its innovative academic curriculum, UCSI University students also enjoy the unique benefits of its Co-Operative Education Training Programme (Co-Op) that enhances their employability by integrating classroom learning with workplace training in Co-Op employer organisations.

Completing two months’ work experience for every study year, a UCSI University student would have six to eight months’ work experience to stand ready for full-time employment upon their graduation.

The Co-Operative Placement Programme at UCSI University formally integrates classroom learning with workplace training in co-operative employer organisations.

As part of their degree requirements, students enrolled in UCSI University programmes are required to complete a co-operative module comprising two months’ work experience for each year of their degree programme. Today, the University have over 3500 industry partners supporting the Co-Op Placement Programme.

With the number rising annually, these partnerships create job opportunities for students to be job-ready upon their graduation.

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

Our mum asked us to talk to EduSpiral as we did not know what to study. EduSpiral had helped our older sister before. He met us at Taylor’s, talked to us and then gave us a tour.
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

Taylors University offers a conducive environment for students to excel in their studies

Taylors University offers a conducive environment for students to excel in their studies

  • 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

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

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

EduSpiral provided me with in-depth advise on choosing the right course for my career.
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

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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 for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

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

Written by EduSpiral Consultant Services For more information contact 01111408838

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 Asia Pacific UniversityUCSI University and  Taylor’s University.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Top Private 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

Students can consider studying the BSc (Hons) Actuarial Science at UCSI University or obtain a Staffordshire University, UK degree locally in Malaysia at Asia Pacific University graduating with the BSc (Hons) Actuarial Studies.

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, 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.

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

Asia Pacific University (APU) is ranked Tier 5 or "Excellent" in the SETARA 2013 rating by MQA. APU is now operating at its new iconic campus at Technology Park Malaysia, Kuala Lumpur.

Asia Pacific University (APU) is ranked Tier 5 or “Excellent” in the SETARA 2013 rating by MQA. APU is now operating at its new iconic campus at Technology Park Malaysia, Kuala Lumpur.

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)

After chatting with EduSpiral on WhatsApp, he met me & my family to take us around the campus & provide further advise on the course.
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.

Asia Pacific University students have access to state-of-the-art computer facilities that include the latest PCs and workstations with Internet connection, operating systems, software suites and commercial programming software in multiple IT labs built for project work, multimedia production, software and internet programming.

Asia Pacific University students have access to state-of-the-art computer facilities that include the latest PCs and workstations with Internet connection, operating systems, software suites and commercial programming software in multiple IT labs built for project work, multimedia production, software and internet programming.

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.

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.

Students after SPM or O-Levels will need at least 5 credits including Maths to enter the Foundation in Arts at UCSI University for one year before continuing on to the Actuarial Science degree course. Scholarships are available to deserving students for the Foundation and degree programmes at top ranked UCSI University. Students interested to join UCSI University may apply online to register.

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

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

  • 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

Students learn from qualified & experienced lecturers at UCSI University

Students learn from qualified & experienced lecturers 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

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

  • 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

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

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

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.

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.

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.

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).

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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 library & computer labs are located inside the Learning Resource Centre at UCSI University

The library & computer labs are located inside the Learning Resource Centre at UCSI University

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.”

Award-Winning Business Students at UCSI University

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

2015 – Wong Hao Yi & Kok Yat Sing, Bachelor of Science (Hons) Actuarial Science students at UCSI University, became National Champions for CIMB ASEAN Stock Challenge 2015, organised by CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets.

2015 – Kong Kah Weng, Eric, Bachelor of Arts (Hons) Marketing student at UCSI University, is the First Prize Winner for the “Think New” Essay Writing Competition, Eric Kong won himself a one month internship at Novo Education New Zealand. The competition was organized by South and South East Asia (SSEA), Education New Zealand.

2015 – Yeah Nyoke Kim, Bachelor of Arts (Hons) Logistics Management student at UCSI University, won the Best Student Award at the Chartered Institute of Logistic and Transport (CILT) Convocation 2015, Malaysia

2015 – Lim Czi Xian, Bachelor of Science (Hons) Finance and Investment at UCSI University, was chosen as the Seminar Leader for Obuse, Negano Prefecture to teach 8 seminars on philosophy in Japan, a project fully sponsored by Reischauer Institute of Japanese studies at H-LAB, Harvard College Japan Initiative.

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

2015 – Fatin Aveena Binti Azlan, Bachelor of Business Administration (Hons) Oil and Gas Management student at UCSI University, participated in the 2015 Yong Southeast Asian Leaders Initiative* (Yseali) Institute on Environmental issues in the United States, fully funded by the Department of United States and will be hosted by the University of Montana, Montana from 25 August -30 September 2015. * Initiative by U.S. President Barack Obama, international Council of Malaysian Scholars and Associates, Hosted by Mckensey & Co.

2014/2015 – Yong Kok Seong (Diploma in Management), Loh Peng An (Bachelor of Arts (Hons) Logistics Management) & Lo Shai Man (Bachelor of Arts (Hons) Accounting) won Merit Prize in the Malaysia Startup Challenge (MSC) Malaysia – Institution of Higher Learning (IHL)

EduSpiral helped me to find the right college for A-Levels, & now they have helped me to choose what to study after my A-Levels.
Chee Kin, Actuarial & Finance degree at UCSI University

2014 – Eric Kong Kah Weng (Bachelor of Arts (Hons) in Marketing), Kelvin Choo Chiang Tung (Bachelor of Science (Hons) in Finance and Investment), and Vivian Ng Mun Yee (Bachelor of Arts (Hons) in Accounting) emerged Champion for the event “World Islamic Economic Forum (WIEF) Business Plan Challenge 2014” for Social Entrepreneurial Project — “Bangi Soap”, Kampung Kalangkaman, Sabah, Malaysia

2013 – Lim Wai Hing & Chew Pei Xin (Bachelor of Arts (Hons)Business Administration students at UCSI University) won First runner-up placing at the Malaysia Startup Challenge (MSC) – Institution of Higher Learning (IHL) Business Plan Competition (MIBPC), 2012/2013, an annual competition that seeks to nurture a new generation of technology entrepreneurs.

2013 – Vanessa Meghann @ Ang Man Xuan, Liew Wye Yaw, Jason Yao Ching Huat & Vijayalecchumy who are Diploma In Management students at UCSI University emerged Champion for the Entrepreneurial Building Project 2014 competition, Malaysia

2011 – Foo Dun Fei & Ng Shing Leng (Bachelor of Arts (Hons)Business Administration students at UCSI University)won the first runner up during the national Malaysia Startup Challenge (MSC)–Institution for higher Learning (IHL) Business Plan Competition

Co-Operative Education Training Programme for Every Year of Degree Studies at UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship). Paul Kong, graduated in Business Administration from UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship).
Paul Kong, graduated in Business Administration from UCSI University

With its innovative academic curriculum, UCSI University students also enjoy the unique benefits of its Co-Operative Education Training Programme (Co-Op) that enhances their employability by integrating classroom learning with workplace training in Co-Op employer organisations.

Completing two months’ work experience for every study year, a UCSI University student would have six to eight months’ work experience to stand ready for full-time employment upon their graduation.

The Co-Operative Placement Programme at UCSI University formally integrates classroom learning with workplace training in co-operative employer organisations.

As part of their degree requirements, students enrolled in UCSI University programmes are required to complete a co-operative module comprising two months’ work experience for each year of their degree programme. Today, the University have over 3500 industry partners supporting the Co-Op Placement Programme.

With the number rising annually, these partnerships create job opportunities for students to be job-ready upon their graduation.

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

Our mum asked us to talk to EduSpiral as we did not know what to study. EduSpiral had helped our older sister before. He met us at Taylor’s, talked to us and then gave us a tour.
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

Taylors University offers a conducive environment for students to excel in their studies

Taylors University offers a conducive environment for students to excel in their studies

  • 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

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

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

EduSpiral provided me with in-depth advise on choosing the right course for my career.
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

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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.

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The Work, Job Prospects and Salary of Professional Actuaries in Malaysia


The Job of a Professional Actuaries in Malaysia

Written by EduSpiral Consultant Services For more information contact 01111408838

Actuaries build and use mathematical models based on statistical data to calculate the appropriate amount of premiums to charge policyholders. This will require projections of how events will unfold in the future. In calculating the right amount of premiums, the actuary will need to project how large potential claims will be and when they will occur.

Given the expected continuous growth in the insurance market, it is anticipated that the demand for actuaries in Malaysia will continue to grow in the next few decades. Future regulatory developments (e.g. requirement for certification of IBNR) and the increasing need for risk management are likely to result in significant increase in demand for actuarial services by general insurers.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

What is Actuarial Science in Malaysia and the Job

What do Actuaries work as in Malaysia?

The main roles of actuaries in insurance companies are to calculate the premium for the insurance products, and

Well-equipped library at Asia Pacific University

Well-equipped library at Asia Pacific University

determine whether the insurance company is financially solvent. In contrast, the roles of actuaries in the finance industry are in the field of risk management and assets liabilities management. They help in assessing all possible risks and manage them before the problems surface.

Actuaries are often required to work overtime in some aggressive companies, especially when they are to meet deadlines. As such, life of an actuary can be thrilling or stressful, depending on how you perceive it.

There are two main areas in the Actuarial Department of an insurance company, which are the:

  1. Pricing Team
  2. Valuation Team

However, there has been an emerging Assets and Liabilities Management Team in some insurance companies recently. But we will only focus on the Pricing and Valuation Teams for this moment.

The Pricing team’s tasks are more challenging and exciting because the demand of an insurance product can change because

EduSpiral helped us to make the right choice! Qi Leem, Jeremy, Chee Wey & Zhi Kang from different cities studying at Asia Pacific University

EduSpiral helped us to make the right choice!
Qi Leem, Jeremy, Chee Wey & Zhi Kang from different cities studying at Asia Pacific University

of the forces of the market. So the pricing projects are always different and novel. The pricing actuaries price the products and negotiate with the marketing department to see if the price is acceptable by the market.

To give you a better idea, the price of the product is the insurance premium that your parents pay. The pricing actuarial executives and marketing executives then go along to modify the assumptions made (e.g. assumption on mortality rate) to adjust the price until the both parties are satisfied with the price proposed.

The process can be a little bit long, but if you are the kind of person who likes to take on new challenges each day, we are sure you will have fun in it!

On the other hand, the Valuation Team’s tasks are more tedious because they are doing the monitoring work. They monitor the results of the insurance products which are already in the market to evaluate their performances and justify the assumptions made. If they notice any poor performance products, they will look into the assumptions and devise better ones.

This monitoring process is continual because actuarial solutions are shaped by the ongoing external forces of the market, such as government policies, foreign trade policies, the business environment and the global economy. In addition, the Valuation Team needs to prepare a monthly report to the government regulator.

In a nutshell, actuaries are problem solvers, in tune with what is happening in business through their interpretation of statistical data and knowledge of social and economic systems. They combine good business sense with safeguarding the public’s financial interests, upholding the highest professional standards.

Actuaries play an important role in the Malaysian society. The unique skills of actuaries are behind many high-level strategic

I am so glad that my mother found EduSpiral online. I used to be quiet and not able to communicate well in English. Now, I am more confident and speak a lot in English because of the great university environment. Zhi Kang, Business at Asia Pacific University

I am so glad that my mother found EduSpiral online. I used to be quiet and not able to communicate well in English. Now, I am more confident and speak a lot in English because of the great university environment.
Zhi Kang, Business at Asia Pacific University

decisions made by large companies and governments, and can have a positive impact on legislation, businesses and individuals.

Actuaries are excellent risk managers. They work in the specialist areas of insurance, pensions, benefits, healthcare, investments and banking, or for any large organization where risk management plays an important role, or for a consultancy advising on all sorts of different projects.

Therefore, actuaries play very important roles in the insurance and finance industries in Malaysia. They include life insurance companies, general insurance companies, and reinsurance companies.

  1. A life insurance company is an insurance company that sells life and annuity insurance products that pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event, such as terminal illness or critical illness.
  2. A general insurance company is an insurance company that sells general insurance or non-life insurance policies, including automobile and homeowners’ policies. The policies provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance.
  3. A reinsurance company is a company that insures insurance companies’ insurance policies to minimize the insurers’ risk by transferring it to the reinsurer.

What is Actuarial Science?

Actuaries build and use mathematical models based on statistical data to calculate the appropriate amount of premiums to charge policyholders. This will require projections of how events will unfold in the future. In calculating the right amount of premiums, the actuary will need to project how large potential claims will be and when they will occur.

Such projections are incorporated into the models to calculate the premium required. At the same time, judgement, business

Students at Heriot-Watt University Malaysia are taught by top professors and receive personal attention

Students at Heriot-Watt University Malaysia are taught by top professors and receive personal attention

acumen and experience are required to understand and logically interpret the results of the model before finally coming up with a solution to the problem. Actuarial science is a combination of science and art!

Calculation of premiums is only one of the many contributions of actuaries to insurance companies. In addition to pricing decisions, actuaries are involved in designing insurance products, formulating investment strategies, determining reserves to be set up to meet future claims and recommending distribution of profits to shareholders after taking into account the insurance company’s future obligation to policyholders.

The Job of an Actuaries in Malaysia

Actuaries also estimate the amount of future claims by analysing past data or experience to assign probabilities to events such

EduSpiral emphasised the importance of having good English for our future career. I am glad to join a globalised university which has helped me to improve my communication skills. Vincent Yeoh, Accounting & Finance at Asia Pacific University

EduSpiral emphasised the importance of having good English for our future career. I am glad to join a globalised university which has helped me to improve my communication skills.
Vincent Yeoh, Accounting & Finance at Asia Pacific University

as death, sickness, disability, loss of property or even loss of business profits. Actuaries provide solutions to today’s insurance and financial problems that properly take into account the financial impact of future events. With the actuaries’ expert knowledge in financial matters, they are often key advisors to the Board of Directors.

An actuary’s job is not just boring desk-bound number crunching. Actuaries are faced with challenges of the ever-changing economic environment in which they have to constantly update their techniques of assessment and calculation. It is an intellectual challenge to analyse current trends and predict the future as we live in a world where the unexpected (e.g. the SARS outbreak, September 11 etc.) can happen.

Due to the demand for actuarial technical skills and knowledge, there are vast career options and opportunities for an actuary. Traditionally, actuaries worked only in the insurance industry.

However, with the growing acknowledgement and recognition of actuarial skills today across the various financial sectors, the potential employment opportunities of an actuary have expanded to encompass banks, investment companies, security and commodity broker firms, regulators and even lecturing in the education sector. With such demand, there is an ever-increasing need for actuaries all around the world.

In Malaysia, most actuaries are still working in the traditional life and non-life Greatinsurance industry. However, based on trends worldwide and the rapid growth of the Malaysian financial industry, it is expected that more and more actuaries will ventured into the non-traditional areas as mentioned above.

For an actuary, being good in mathematics is a must. However, actuaries must also have good verbal and written communication skills, strong computer skills, time-management skills, as well as possess good judgement, imagination and clear logical thinking.

They also should have a knack for problem-solving, be self-confident, and possess the ability to work under pressure. Sharpness, creativity, practicality coupled with good business sense are also some of the key personal attributes. An actuary who has devised a brilliant solution to complex problem must be able to explain his solution to non-actuaries!

By and large, the rewards are good. It is no secret that an actuary is one of the higher paid jobs. Of course, salaries can vary according to company policy and market forces of supply and demand. Actuaries have excellent promotion opportunities as they

gain more experience and advancement to higher management levels will usually come rapidly with good job performance.

Summarising it all, don’t even think about being an actuary if one, you hate numbers and two, you don’t enjoy problem-solving! En route to full qualification, there are many hurdles to overcome. But for those who persevere and qualify, the rewards are well worth the effort and self-satisfaction plenty.

References
Ravinderen, K.E., “A day in the life of risky business”, The Malay Mail, pg. 15, November 12, 2001 .Chen, Mary, “What does an actuary actually do?”, Sunday Mail, pg. 47, April 18, 2004 .

What does an Actuary do?

Basically an Actuary calculates the amount of premiums to charge to a policy

Bank Negara Malaysia

Bank Negara Malaysia

holder using mathematical models based on statistical data from the past. Since we are not able to predict the future, the actuary has to use mathematical models to make projections as accurate as possible on the chances that disease, accidents or death will occur to a person at a particular age and the potential for claims.

Then the insurance company is able to charge the premium for the financial protection. For example, a premium for a young male driver would be higher as the risks are higher as compared with an experienced driver or the premium for a non-smoker is lower because of the lower health risk.

In short, actuaries use and analyse historical data using mathematical models to come up with projections on the chances of something happening in order to formulate the pricing.

Actuaries are also involved in designing insurance products, formulating involved in designing insurance products, formulating investment strategies, determining reserves to be set up to meet future claims and recommend distribution of profits to shareholders taking into account the insurance company’s future obligation to policyholders.

What are the examples of actuarial work?

Taylor's University is an award-winning top private university in Malaysia

Taylor’s University is an award-winning top private university in Malaysia

The traditional areas in which actuaries operate are: consultancy, investment, life and general insurance and pensions. Actuaries are also increasingly moving into other areas of the financial sector where their analytical skills can be employed.

Consultancy

Actuarial consultancies offer a whole range of services to their clients on issues such as acquisitions, mergers, corporate recovery and financing capital projects. Many also offer advice to employers and trustees who run occupational pension schemes. In fact, such consultancies are probably the biggest employers of actuaries in the UK.

Investment

In the area of investment, actuaries are involved in a range of work such as: pricing financial derivatives, working in fund management, or working in quantative investment research. Often investment actuaries work in fields where their understanding of insurance or pension liabilities helps them to manage the investment of the corresponding assets.

Insurance

The work carried out by actuaries in insurance includes designing new insurance policies, setting premium rates, calculating a company’s financial status (based on the policies already sold), and answering technical queries from policyholders. Insurance actuaries also undertake detailed investigations of different experiences; such as how assets and expenses have performed and the extent of different types of claims for different types of insurance policies (eg death claims for life insurance or car theft for motor insurance).

Pensions & Employee Benefits

In the pensions field, actuaries are usually involved in designing and advising company pension schemes, especially where a value needs to be placed on a scheme’s accumulated pension promises. Actuaries are also involved in designing schemes for employee benefits.

Future job prospects for actuarial science professionals in Malaysia

The Actuarial Society of Malaysia observed that with the expected continuous growth in the insurance market, the demand for actuaries in Malaysia will continue to grow in the next few decades. The rewards for an actuary is good and is one of the higher paid jobs. There is a demand for actuaries in Malaysia.

  • Given the expected continuous growth in the insurance market, it is anticipated that the demand for actuaries in Malaysia will continue to grow in the next few decades.
  • Future regulatory developments (e.g. requirement for certification of IBNR) and the increasing need for risk management are likely to result in significant increase in demand for actuarial services by general insurers.
  • With only 100 qualified actuaries in Malaysia, the market for actuaries can perhaps still be considered unsaturated. 

What are the rewards for actuarial science graduates?

  • Financial – qualified actuaries have significantly higher salaries than 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

    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

    other professionals in the financial services industry. In addition, due to increments commonly offered for exam progress, actuarial executives can expect to outperform their peers in other sectors even before qualifying.

  • Intellectually stimulating – actuaries are rewarded for their problem solving and analytical skills. As such, job satisfaction comes from working in an intellectually stimulating and challenging environment. This encourages continual growth in one’s technical skill and ability, paving the way to involvement at senior levels of all organisations.
  • Employment opportunities – due to the constant demand for actuaries exceeding supply, there is rarely ever a shortage of demand for actuaries. Many actuaries have also successfully transitioned to other non-traditional areas such as corporate finance and investments, where their analytical and quantitative skills are highly sought after.

Who should become an actuary and what attributes would be of help?

To become an actuary, you will generally need to have a high-level of mathematical ability and an above-average level of intelligence. Important characteristics for an actuary to have would be as follows:

Where do most actuaries work in Malaysia?

Actuaries are normally found in the insurance industry. They also work in consulting, financial institutions, banks, investment,

Actuaries normally work in insurance

Actuaries normally work in insurance

brokerages, or as lecturers.

The American Society of Actuaries defines actuaries as ‘professionals who provide expert advice and relevant solutions for business and societal problems that involve economic risk.’  In Malaysia, one of the places where actuaries are often found is at insurance companies. Using mathematical models based on statistical data, they are the brains behind the calculation of the amount of insurance premium that a policyholder has to pay.

With their readily transferable skills, actuaries can also be found in many other fields. Besides the hugely popular insurance field, an actuary can work in finance, marketing, manufacturing or in the development of new products.

For example, an actuary might be hired by a business to help determine where it

should invest its money based on risk and potential return analysis. Opportunities for actuaries range from the education industry to research work and even to government agencies. Because of the importance of their work, actuaries are respected throughout

Public Bank

Public Bank

the business community.

In Malaysia, most actuaries can be found in life insurance companies, financial institutions such as banks, consultancies providing advice in the fields of employee benefits, life insurance and general insurance, Bank Negara Malaysia and public universities.

The areas of work for actuaries are not limited to insurance firms only. Instead, the horizon for this line of job is very wide. Below are some of the areas of work which actuaries do:

  • Life Insurance / Family Takaful
  • General Insurance / General Takaful
  • Reinsurance / Retakaful
  • Actuarial Consulting
  • Investment and Financial Services
  • Employee Benefit Industry (e.g. EPF)
  • Government Sector (e.g. BNM)
  • Colleges and Universities

What are the career options available to actuaries?

Actuaries have historically taken on the following positions in companies:

  • Chief Executive Officer (CEO)
  • Chief Risk Officer (CRO)
  • Chief Financial Officer (CFO)
  • Appointed Actuary / Signing Actuary
  • Asset/Investment Consultant
  • Management Consultant

Actuaries Salary and Career Opportunities in Malaysia

Actuaries are well compensated. Experienced fellows have the potential to earn from USD$150,000 to USD$250,000 in the USA annually, and many actuaries earn more than that.

According to the 2015 Robert Walters Salary Report, the salary for an actuary in Malaysia is:

4 – 7 Years Experience 8 – 12 Years Experience 12+ Years Experience
Actuaries salary 72 – 120k a year 96 – 204k a year 204k+ a year

Compensation may vary significantly according to years of experience, industry, geographic region, and responsibilities. For example, an actuary with a fellowship designation working as a financial manager in the banking industry could earn a higher salary than another fellow working in the health insurance industry.

The actuarial profession is perfect for individuals who enjoy challenges and problems solving. Those who develop a track-record of success will have many opportunities for growth and advancement. Most employers of actuaries award merit increases as you gain experience and pass the actuarial examinations. Most companies also offer cash bonuses, salary increases, and promotions for each professional designation achieved.

Skills acquired by actuaries, especially the quantitative analysis of risk, are valued in the marketplace. As such, those who have the will to succeed can aspire to career advancement with an actuarial credential.

The work of an actuary in Malaysia

Combining their skills in mathematics, statistics, economics and finance, actuaries are able to gauge and make expert financial predictions about the future.

Actuaries can specialise in the following fields:actuarial

  • Traditional life insurance
    • They focus on the analysis of mortality, the production of life tables and the application of interest to produce life insurance, annuities and endowment policies. It also includes credit and mortgage insurance, long term care insurance and health savings account.
  • Health insurance
    • They focus on the analyses of rates of disability, morbidity, mortality, fertility and other contingencies. Also of great importance are the effects of consumer choice and the geographical distribution of medical services as well as the procedures and use of drugs and therapies.
  • Pension industry
    • They measure costs of alternative strategies with regards to the design, maintenance or redesigning of pension plans. The strategies are greatly influenced by collective bargaining, the changing demographics of the workforce, changes in internal revenue code and financial and economic trends among others.
  • Property and casualty
    • They focus on data collection, measurement, estimation, forecasting and valuation tools to provide financial and underwriting data for management to assess marketing opportunities and the required degree of risk taking.
  • Reinsurance
    • Focus on designing and pricing reinsurance and retro-reinsurance schemes. Their responsibility also includes establishing reserve funds for known claims and future claims as well as catastrophes.

The Best Universities in Malaysia to Study Actuarial Science

Students in Malaysia can get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

Students in Malaysia can get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

Students can consider studying the BSc (Hons) Actuarial Science at UCSI University or obtain a Staffordshire University, UK degree locally in Malaysia at Asia Pacific University graduating with the BSc (Hons) Actuarial Studies.

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, students have the opportunity to broaden their knowledge and gain industry exposure that will help them excel in their final year of studies.

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.

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

EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel. Weng Hang, Heriot-Watt University Malaysia

EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel.
Weng Hang, Heriot-Watt University Malaysia

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.

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Best Foundation in Arts (Actuarial Science & Architecture) in Malaysia at Top Ranked UCSI University


Top Ranked UCSI University Offers First Rate Foundation in Arts (Actuarial Science & Architecture) Programme in Malaysia

Written by EduSpiral Consultant Services. For more information contact 01111408838

Students after SPM or O-Levels  interested in Actuarial Science & Architecture programmes can choose the Foundation in Arts (Actuarial Science & Architecture) at UCSI University. The Foundation in Arts Programme at UCSI University is one of the most affordable in Malaysia for a top ranked reputable private university.

Students get value for money at UCSI University for the excellent facilities and top rated quality of education. UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

Upon completion of the Foundation in Arts (Actuarial Science & Architecture)  programme at UCSI University, students can continue on to the 3-year MQA Accredited degree programmes in Architecture or Actuarial Science. The BSc (Hons) Architecture is accredited by Lembaga Arkitek Malaysia (LAM) Part 1 while the BSc (Hons) Actuarial Science has exemptions for the VEE Papers from Society of Actuaries (SOA).

The Foundation in Arts (Actuarial Science & Architecture)  programme at UCSI University is a full-time three semester intensive foundation course. It encompasses a comprehensive, flexible and dynamic curriculum . This programme is tailored for students who are confident of their chosen path of studies and are committed to attaining the best preparation for a university degree programme at top ranked UCSI University. Intakes for the Foundation in Arts (Actuarial Science & Architecture) at UCSI University is at January, May and September of each year.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Best Foundation in Arts (Actuarial Science & Architecture) Programme at Top Ranked UCSI University in Malaysia

Assessments for the Foundation in Arts (Actuarial Science & Architecture) at UCSI University

Strategically locate in Kuala Lumpur, UCSI University is ranked in the top 300 universities in Asia by QS and Rated Excellent or Tier 5 in the SETARA 2013 by MQA

Strategically locate in Kuala Lumpur, UCSI University is ranked in the top 300 universities in Asia by QS and Rated Excellent or Tier 5 in the SETARA 2013 by MQA

Integrating both coursework and written examinations, this programme incorporates a practice-oriented approach and furnishes students with relevant interesting, stimulating and hands-on experience via a variety of teaching methods and practical exercises.

Different dynamic learning processes are employed in the delivery of this programme including lectures, tutorials, computer lab work, team-based projects, real-life system developments, presentations and independent projects, to name a few, supervised by both university lecturers and industry experts alike.

Entry Requirements into the Foundation in Arts Programme at UCSI University

Qualifications Academic Requirements
SPM / O-Levels 5 credits (inclusive of Math for IT/Architecture pathway)
UEC 3 credits (inclusive of Math for IT/Architecture pathway)
Other Year 11 equivalent Overall average score of 60%
Other Year 12 equivalent Overall average score of 50%
English Language
A distinction (A+,A or A-) in English Language course at SPM/UEC level; or MUET Band 5; or a score of 213 (computer-based) / 550 (written-based) / 80 (internet-based) in TOEFL; or Band 5.5 in IELTS. Additional English course(s) must be taken at UCSI University concurrently with undergraduate programme if English Language requirements are not fulfilled.
NoteSPM Credits – A+ – C
UEC Credits – A1 – B6
‘O’ Levels Credits – A – C

Programme Structure for the Foundation in Arts (Actuarial Science & Architecture) at UCSI University

Common Subjects for All Students Entering into the Foundation for Semester One

Students learn from qualified & experienced lecturers at UCSI University

Students learn from qualified & experienced lecturers at UCSI University

  • Accounting Practice*
  • Economics*
  • Office Application*
  • Intro to Marketing*
  • Writing for Academic Purposes*
  • Positive Psychology*

After completing the Common Subjects at UCSI University, students can take the subjects from the following 3 streams depending on which degree you are interested in. You can choose from the following:

  1. Management & IT (FDPMT)
  2. Actuarial Science & Architecture (FDPAA)
  3. Mass Comm , Psychology, ELC & Design (FDPSS)
EduSpiral patiently answered my questions on whatsapp & then took me around the campus for a tour to help me make a better decision. Jie Sheng, Architecture at UCSI University

EduSpiral patiently answered my questions on whatsapp & then took me around the campus for a tour to help me make a better decision.
Jie Sheng, Architecture at UCSI University

Foundation in Arts Subjects Leading to Actuarial Science & Architecture (FDPAA) Degree Programmes

  • Introduction to Business
  • Calculus
  • Algebra & Trigonometry
  • Intro to Probability & Statistics
  • Fundamentals of Mathematics

Elective Courses for the Foundation in Arts Programme at UCSI University

All students must take any 3 of the 5 elective courses below during their Foundation studies

  • Intro to Malaysian Studies
  • Intro to Moral Studies
  • Fundamentals of Speech & Oral Communication
  • Fundamentals of Computer Graphics
  • Architectural Communication

Foundation in Arts Entry into Year One of UCSI University Degree Programmes

After completing the Foundation in Arts Programme, students can enter into any of the degree programmes offered at UCSI University.

BUSINESS COURSES 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

ARCHITECTURE & INTERIOR DESIGN COURSES at UCSI University

Study at the Top Ranked UCSI University in Malaysia

UCSI University is a vibrant community of learning and scholarship. With more than 10,000 students from 80 different

EduSpiral helped Alvin Chai, Jen Hui, Paul Kit, and Wen Hao from Poi Lam High School Ipoh providing course counseling and campus tour. They are now studying in various programmes at UCSI University

EduSpiral helped Alvin Chai, Jen Hui, Paul Kit, and Wen Hao from Poi Lam High School Ipoh providing course counseling and campus tour. They are now studying in various programmes at UCSI University

countries, the University stands out as a melting pot of diversity and learners will supplement their pursuit of knowledge with a keen sense of cultural appreciation – a vital trait in today’s borderless world.

As one of Malaysia’s first private universities,UCSI University has long impacted the national higher education landscape and the University continues to do so with its wide range of undergraduate and postgraduate programmes.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

The University’s academic staff are at the forefront of their disciplines and their views are highly sought after on major issues; from business to political science.

Many of their academics have extensive experience working overseas and some play advisory roles in public bodies and various committees. By bringing their experiences into the classroom, UCSI’s academics cater to an exhilarating learning environment and learners will thrive as they balance academic mastery with industrial application.

Since its inception in 1986, UCSI University has been committed to further the discovery and celebration of knowledge.

Co-Operative Education Training Programme for Every Year of Degree Studies at UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship). Paul Kong, graduated in Business Administration from UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship).
Paul Kong, graduated in Business Administration from UCSI University

With its innovative academic curriculum, UCSI University students also enjoy the unique benefits of its Co-Operative Education Training Programme (Co-Op) that enhances their employability by integrating classroom learning with workplace training in Co-Op employer organisations.

Completing two months’ work experience for every study year, a UCSI University student would have six to eight months’ work experience to stand ready for full-time employment upon their graduation.

Currently, UCSI University has more than 1,000 employer organisations registered as heir Co-Op employers.

With the number rising annually, these partnerships create job opportunities for students to be job-ready upon their graduation.

State-of-the-Art Facilities at UCSI University

Music students having their music recorded by Mass Comm students in the professional recording studio at UCSI University

Music students having their music recorded by Mass Comm students in the professional recording studio at UCSI University

Situated on a 19-acre piece of land, the Campus is located in Cheras, Kuala Lumpur with convenient access to numerous facilities including banks, restaurants, transportation services, entertainment, and accommodation. Fully wireless, it is equipped with the latest cutting-edge technology to access the world of e-learning and e-resources.

Housing 7 different blocks, the Campus includes the Student Centre (Menara Gading), the Resource Centre, the Academic Blocks and Residential Halls to comfortably accommodate a student population of more than 15000.

Sporting facilities in this Campus include: basketball, badminton and squash courts, as well as a gymnasium, a football field, and a swimming pool.

Other facilities include the four-level library, an auditorium, a recital hall, a multi-purpose hall, computer laboratories, residential halls, bookstores and cafeterias. Also available on Campus is an Apple Experience Centre.

The Campus faculty-centric facilities include: the Anatomy & Pathology Museum, Clinical Skills

Squash court at UCSI University

Squash court at UCSI University

Laboratories, Petrochemical Laboratory, Physiology & Pharmacology Laboratory, Molecular Biology Laboratory, and Microbiology Laboratory, fashion design workshops, Psychology Laboratory, as well as drafting and design studios.

The University is also constantly working with the industry to set up specialised labs which ensure students are updated with the latest industrial practices.

Currently, the University has established laboratories jointly with National Instruments and RICOH under the School of Engineering and the School of Information Technology, respectively.

Due to its rapid expansion, an additional 48-storey building will be built on the existing Campus that will include a 5-Star hotel, twelve floors of parking bays and hostel accommodations for UCSI University students, administrative offices, restaurants, a ballroom and also a clubhouse.

Sports Facilities at UCSI University

Excellent sports facilities at UCSI University provide for an all-rounded education & a healthy lifestyle

Excellent sports facilities at UCSI University provide for an all-rounded education & a healthy lifestyle

  • Badminton Courts
  • Basketball Courts
  • Football Field
  • Futsal Court
  • Gymnasium
  • Pool Tables
  • Squash Courts
  • Swimming Pool
  • Table Tennis
  • Volleyball Court

EduSpiral Consultant Services- Your Personal Online Education Advisor

Established since 2009, EduSpiral Consultant Services helps provide information and counselling on courses and universities in Malaysia.  EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide range of choices

I whatsapped EduSpiral to find out which university and course suited me. He took me for a campus tour & provided a lot of information which helped me to make the right choice. Vivi Tan, Architecture at UCSI University

I whatsapped EduSpiral to find out which university and course suited me. He took me for a campus tour & provided a lot of information which helped me to make the right choice.
Vivi Tan, Architecture at UCSI University

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 for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Studying Actuarial Science in Malaysia & the Best Pathway to Become a Professional Actuary


Best Education Pathway to become a Professional Actuaries in Malaysia

Written by EduSpiral Consultant Services For more information contact 01111408838

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are experts who design products like these to look after people’s financial needs and to protect their financial interests: part of their work is to try to predict what money will do when it is invested.

The pathway to become a professional actuary in Malaysia can be long. A normal bachelor degree in actuarial science takes 3 years to complete. 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.

Given the expected continuous growth in the insurance market, it is anticipated that the demand for actuaries in Malaysia will continue to grow in the next few decades. Future regulatory developments (e.g. requirement for certification of IBNR) and the increasing need for risk management are likely to result in significant increase in demand for actuarial services by general insurers.

Students in Malaysia who are not sure of about the education pathway to become an actuaries can contact EduSpiral Consultant Services to help guide you to choose the best university in Malaysia for the actuarial science degree programme.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Studying Actuarial Science in Malaysia & the Pathway to Become a Professional Actuary

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

The path to becoming an actuary in Malaysia involves going through a well-structured education plan. This involves university-level education and post-university examinations, as well as other requirements. 

After SPM or O-Levels, students can go for the Foundation in Business Administration or Foundation in Arts and then enter into a degree programme in Actuarial Science with VEE exemptions from the Society of Actuaries (SOA). At most universities in Malaysia, 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 equivalent papers.

Upon completing the Actuarial Science degree, students can then begin to take the professional exams.

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).

How long does it normally take to become an Actuary in Malaysia?

A normal bachelor degree takes 3 years (+1 year if you consider an Honours degree in Australia). Thereafter, writing the professional exams through the Institute and Faculty of Actuaries (UK) or Society of Actuaries (USA) takes an average of 3-7 years (working and studying) after the degree.

Actuarial Science/Math Degree (3-4 years) + Professional Papers (3-7 years taken part time as you work)

What you Will Study in Actuarial Science in Malaysia

After chatting with EduSpiral on WhatsApp, he met me & my family to take us around the campus & provide further advise on the course.
Zijun, Actuarial Science at Asia Pacific University

Obtaining an Actuarial Science degree at a top private university in Malaysia provides the first step towards qualifying as an actuary. Actuarial Science is an extremely demanding field of study and only very dedicated and capable students are likely to succeed.

Not all people are suited to study actuarial science as it is a very challenging course and requires a long time to become a professional actuaries. Students after SPM, O-Levels or UEC with As in Maths and Add Maths can consider a career in actuary.

Actuarial Science is a very comprehensive course in the way that it covers Mathematics, Finance, Economics, Accounting, Business Models, Computer Programming and Risk Management. As such, a high aptitude in Mathematics is highly required.

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

Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory.

Actuarial Science degree students at top universities in Malaysia will also learn Calculus, Statistics, Probability, and Financial Mathematics. With this fundamental Mathematical knowledge graduates will be able to solve complex actuarial problems.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. Upon completion of the actuarial science degree programme in Malaysia, actuaries must demonstrate their competence by passing a series of thorough professional examinations.

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

Being an actuary also requires you to master several computer programming languages such as Microsoft Excel, Microsoft Visual Basic, Microsoft Visual FoxPro, and most importantly, Prophet – an actuarial software designed to crunch a large database. If you do not enjoy learning programming languages or writing codes, actuarial science would not be the career for you.

Actuaries are professionals who like to solve complex problems. There are many factors impacting an actuarial solution that even one assumption is inaccurate, it would affect the whole solution and result.

Consequently, actuaries employ the actuarial control cycle – a problem-solving approach that applies equally well to the most broad and the focused actuarial problems. It is a model of actuarial practice in a wide range of fields and provides common grounding for all candidates.

Through the control cycle, all actuarial work is categorized into three main functions:

  1. Define the problem
  2. Design the solution
  3. Monitor the results

Because of their ability to analyse and solve complex problems, actuaries command a very high salary. In fact, it is one of the highest paid professions in Malaysia and globally.

Who Should Study Actuaries in Malaysia

EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel.
Weng Hang, Heriot-Watt University Malaysia

To become an actuary, you will generally need to have a high-level of mathematical ability and an above-average level of intelligence. However, actuaries must also have good verbal and written communication skills, strong computer skills, time-management skills, as well as possess good judgement, imagination and clear logical thinking.

They also should have a knack for problem-solving, be self-confident, and possess the ability to work under pressure. Sharpness, creativity, practicality coupled with good business sense are also some of the key personal attributes. An actuary who has devised a brilliant solution to complex problem must be able to explain his solution to non-actuaries!

Important characteristics for an actuary to have would be as follows:

  • Mathematics is one of your favourite subjects. You study mathematics at the highest possible level and achieve good grades for it. You have a strong interest in solving complicated problems.
  • You see yourself working as an actuary or risk manager for an insurance company, consultancy, pension fund or another financial or government institution.
  • You have an affinity for numbers as well as the societal reality behind them, you are a good abstract thinker and you have strong analytical skills.
  • Students should have achieved high marks in English and possess good oral & written communication skills.
  • You are capable of working independently: you know how to use a library. Initiative and inquisitiveness are also of great value.

Qualifying to become a professional Actuary in Malaysia

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.

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.

No specific degree is mandatory, but like most good jobs, graduating from university will give one a certain edge and credibility. Most practising actuaries today have a degree in mathematics, actuarial science, statistics or computer science. Similar to accountants, graduates must also pass professional exams, before they become recognised as an actuary.

In Malaysia, to be recognised as an actuary, one will have to be a registered member with the Actuarial Society of Malaysia (ASM).

What kind of support do local and foreign companies provide?

Most, if not all local and foreign companies support their actuarial students by having actuarial development programs with the following incentives:

  • Study and exam leave
  • Full/partial reimbursement on costs of study material
  • Salary increment and/or bonus upon passing of exams

Which Actuarial Professional Bodies are Recognized in Malaysia?

Malaysian insurance regulator, Bank Negara Malaysia and the Actuarial Society of Malaysia (ASM) recognize Fellows of the following organizations as qualified actuaries:

Currently, the ASM does not conduct any of its own exams, but aspiring actuaries in Malaysia can choose to take the exams conducted by one of the above professional bodies.

The Best Universities in Malaysia to Study Actuarial Science

Students in Malaysia can get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

Students in Malaysia can get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

Students can consider studying the BSc (Hons) Actuarial Science at UCSI University or obtain a Staffordshire University, UK degree locally in Malaysia at Asia Pacific University graduating with the BSc (Hons) Actuarial Studies.

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, students have the opportunity to broaden their knowledge and gain industry exposure that will help them excel in their final year of studies.

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.

As well as developing a core understanding of mathematical and financial concepts and statistical methods, you can gain exemption from eight of the Core Technical subjects (CT1 to CT8) of the professional examinations of the Institute and Faculty of Actuaries.

The Actuarial Science degree programme at Heriot-Watt University Malaysia also provides a good foundation for the later Core Technical subjects. By obtaining the full set of exemptions available during your degree, you could considerably reduce the time it takes you to qualify as an actuary.

What are the Passing Rates like for the Actuarial Science Professional Exams?

Passing rates are generally low compared with other professions.
For the Institute, Society or Faculty professional exams, passing rates as low as 15% – 25% per subject are not uncommon. 

What about exams and qualifications for Actuary?

Students at Asia Pacific University are awarded a degree from Staffordshire University, UK and APU

Students at Asia Pacific University are awarded a degree from Staffordshire University, UK and APU

  • The ASM does not conduct its own exams but actuarial students in Malaysia have a choice of taking any of the USA, U.K. or Australian exams from the above professional bodies.
  • The current structure for the respective exam series is briefly described below:
    • Society of Actuaries (U.S.)
      • 5 Preliminary Exams
      • Validation by Educational Experience (VEE) – 3 subjects
      • Fundamental Actuarial Practices (FAP) – 8 modules + 2 assessments
      • Associateship Professionalism Course
      • FSA Module – 2 Modules
      • FSA Exams – 2 Exams
      • Strategic Business Management Module
      • Fellowship Admissions Course
    • Institute of Actuaries (U.K.)
      • CT series exams – 9 papers

        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

      • CA series exam – 3 papers
      • ST series exams – choose 2 papers from 6 areas of specialization
      • SA series exam – choose 1 paper from 6 areas of specialization
      • Professionalism course
      • Experience requirement
    • Institute of Actuaries of Australia
      • Part 1 (equivalent to UK 100 series exams)
      • Part 2 – 2 half-year subjects
      • Part 3
        • 2 compulsory papers
        • Another 2 papers from a specific practice area (choose 1 from 4 areas of specialization)
      • Practical Experience Requirement & Mentor program
      • Professionalism course

The Most Common Route in Malaysia is Taking the Professional Papers from the Society of Actuaries (SOA) – USA

Route to Becoming an Actuary through the Society of Actuaries professional exams – SOA

1. Preliminary Education Component

Consists of five papers:

  • Exam P Probability (same as CAS Exam 1)
  • Exam FM Financial Mathematics (same as CAS Exam 2)
  • Exam MLC Actuarial Models – Life Contingencies Segment
  • Exam MFE Actuarial Models – Financial Economics Segment
(Completion of MLC and MFE will entitle candidate credit for CAS Exam 3)
  • Exam C Construction and Evaluation of Actuarial Models (same as CAS Exam 4)

2. Validation by Educational Experience (VEE)

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

Validation of these topics is required in addition to the four Preliminary Education examinations (P/1, FM/2, MCL, MFE and C/4). The SOA, CIA, and CAS have implemented VEE requirements for the following topics:

  • VEE – Applied Statistical Methods
  • VEE – Corporate Finance
  • VEE – Economics

The VEE topics are no longer tested on in the preliminary exams. Candidates with credit for Course 2 earned prior to 2005 have been given credit for VEE – Economics and VEE – Corporate Finance topics. Candidates with credit for Course 4 earned prior to 2005 have been given credit for VEE – Applied Statistical Methods.

NOTE: VEE topics are not prerequisites for the preliminary examinations. They need not be completed prior to writing any of the preliminary exams and may be fulfilled independently of the preliminary exam process.

Credit for VEE can be obtained through various courses completed from colleges or other education programs.

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.

3. Fundamentals of Actuarial practice (FAP)

Web-based course comprising eight modules and two assessments:

Modules:

  • Module 1 – Introduction / The Role of the Professional Actuary
  • Module 2 – Core External Forces
  • Module 3 – Risk in Actuarial Problems
  • Module 4 – Actuarial Solutions
  • Module 5 – Actuarial Models
  • Module 6 – Model Selection and Solution Design
  • Module 7 – Selection of Initial Assumptions
  • Module 8 – Monitoring Results and Completing the Control Cycle

Assessments:

  • First Assessment upon completion of Modules 1 to 5
  • Final Assessment upon completion of Modules 6 to 8

4. Associate Professionalism Course (ACP)

Half day course covering professionalism, ethics and legal liabilities.

Upon completion of the Preliminary Education Component, VEE, FAP and ACP, the candidate will obtain the title of Associate of the SOA (ASA).

5. Specialty Tracks for Fellowship Courses (Effective 1 July 2013)

To proceed from Associate to Fellow in the SOA, specific exams and modules have to be completed from one of the following specialty tracks:

  • Corporate Finance and ERM (CFE)
  • Quantitative Finance and Investment (QFI)
  • Individual Life and Annuities
  • Retirement Benefits
  • Group and Health
  • General Insurance

6. Decision Making and Communication (DMAC) Module

E-learning module on written and oral communication skills and decision making skills, applied in solving business problems.

7. Fellowship Admissions Course (FAC)

Final fellowship course consisting of lectures, case studies and presentations to increase awareness in professional ethical and malpractice issues, encourage problem-solving from different perspectives and facilitate coaching in oral communications.

Upon completion of all of the above, the candidate will obtain the title of Fellow of the SOA (FSA).

The Pathway to Become a Qualified Professional Actuary through the Institute and Faculty of Actuaries UK

The Institute and Faculty of Actuaries sets examinations, continuing professional development, professional codes and disciplinary standards. An actuarial qualification from the Institute and Faculty of Actuaries consists of a combination of the completion of various examinations and courses.

To become an Associate or Fellow of the Institute and Faculty of Actuaries you must pass the Institute and Faculty of Actuaries examinations, or be granted exemption from them, and also attain a satisfactory level of work-based skills. This usually takes between three and six years.

Fully qualified actuaries are Fellows and may bear the designations FIA or FFA while Associates bear the designations AIA or AFA. You study by distance learning, and many employers in Malaysia offer support for study, some offering paid study leave during your training.

Most of the Institute and Faculty of Actuaries exams are traditional three hour papers (known as session based exams), though some practical subjects involve attending two-day or online exams (known as practical exams). You can also gain recognition for an alternative professional qualification, or undertake a research project.

Graduates from Heriot-Watt University Malaysia are able to gain exemptions from 8 of the 15 professional papers from the Institute and Faculty of Actuaries, UK.

The Institute and Faculty of Actuaries exams come in four stages:

1. Core technical – nine subjects, all of which you need to pass or be exempted from. Most of these are traditional exams, but

Heriot-Watt University Malaysia is strategically located in Putrajaya next to the lake

Heriot-Watt University Malaysia is strategically located in Putrajaya next to the lake

subject CT9 is either a two-day residential practical exam, or an online exam. Heriot-Watt University Malaysia Actuarial Science Graduates are exempted from CT1 to CT8.

2. Core applications – three subjects you need to pass or be exempted from. Two of these, subjects CA2 and CA3, involve either attendance at a practical exam, or an online exam.

3. Specialist technical – you need to pass or be exempted from two of the nine ST subjects available.

4. Specialist applications – you need to pass one of the seven SA subjects available. No exemptions are available.

Once you have completed the CT and CA exams, and a year’s work-based skills, you will be able to take a Professional Skills Course and qualify as an Associate.

How to Qualify as an Associate of the Institute & Faculty of Actuaries (FIA) UK

Students can become Associate members of the Institute and Faculty of Actuaries and gain the right to describe themselves as an actuary and to use the letters AIA or AFA. As an actuary and an Associate of the Institute and Faculty of Actuaries,

Heriot-Watt University Graduates

Heriot-Watt University Graduates

members have a breadth of expertise that brings wide and varied opportunities.

To become an Associate you must complete the following:

  • Core technical subjects (CT1-9) either by examination or exemption (Heriot-Watt University Graduates are exempted from CT1 to CT8)
  • Core applications subjects (CA1-3) either by examination or exemption
  • Complete one year’s worth of work-based skills in the four key dimensions of practical application of actuarial skills, professional and ethical, communication and commercial.
  • Attend a Professional Skills Course

If you wish to continue and qualify as a Fellow, you will need to take the ST and SA exams, have three years of work-based skills and take a Professional Skills Course within 12 months of transferring to Fellow.

How to Qualify as a Fellow of the Institute & Faculty of Actuaries (FIA) UK

Members of the profession who wish to continue their studies to an advanced level, or who specialise in a particular actuarial

Heriot-Watt University is one of the top 20 universities in the UK

Heriot-Watt University is one of the top 20 universities in the UK

field, may take further specialist exams to qualify as a Fellow. Fellows use the letters FIA or FFA and are highly sought after as experts in their chosen field.

  • Members will be admitted to the class of Fellow on successful completion of the Associate exams (Core technical and Core applications subjects), two of the Specialist technical subjects, one of the Specialist applications subjects, and having met the work-based skills requirement.
  • 3 years of work-based skills as an Actuary
  • Attend a Professional Skills Course within 12 months of being admitted as a “Fellow of the Institute and Faculty of Actuaries” (FIA)

The UK Actuarial Professional Examinations For the Institute & Faculty of Actuaries (FIA) 

Core Technical Examinations Stage Subjects for Institute and Faculty of Actuaries

The Core Technical section consists of 8 written exams and a “Business Awareness Module,” CT9.

These are usually sat first by a candidate and include the underlying mathematics involved in actuarial work as well as an

Heriot-Watt University Malaysia campus

Heriot-Watt University Malaysia campus

introduction to financial and economic issues. These are also the most common exams for which candidates may get exemptions.

Heriot-Watt University Graduates are exempted from CT1 to CT8. Therefore, Heriot-Watt University Malaysia Actuarial Science graduates need only to take the “Business Awareness Module” which is CT9.

The Core Applications section consists of a 6 hour written exam and two practical exams which focus on the application of concepts learned and a candidate’s ability to communicate actuarial concepts to others.

  • *CT1 – Financial Mathematics
  • *CT2 – Finance and Financial Reporting
  • *CT3 – Probability and Mathematical Statistics
  • *CT4 – Models
  • *CT5 – Contingencies
  • *CT6 – Statistical Methods

    Library at Heriot-Watt University Malaysia

    Library at Heriot-Watt University Malaysia

  • *CT7 – Business Economics
  • *CT8 – Financial Economics
  • CT9 – Business Awareness Module

*Heriot-Watt University Malaysia Actuarial Science graduates are exempted from CT1 to CT8

Core Applications Examinations Stage Subjects for Institute and Faculty of Actuaries, UK

You need to Pass all of the following Core Applications subjects:

  • CA1 – Core Applications Concepts
  • CA2 – Modelling
  • CA3 – Communications

Specialist Technical Examinations Stage Subjects for Institute and Faculty of Actuaries, UK

The Specialist Technical section is the first stage the candidate has a choice of which exams to take. The candidate chooses

Heriot-Watt University Malaysia students studying on top of the building’s green roof – the first of its kind in Malaysia

Heriot-Watt University Malaysia students studying on top of the building’s green roof – the first of its kind in Malaysia

two from the various actuarial specialist subjects i.e. Health and Care, Life Insurance, General Insurance, Pensions, Finance or Investments and further technical knowledge on said subjects is attained.

The Specialist Applications section allows the candidate to choose one area for which they take the SA paper and attain full Fellowship; leading to many referring to this as the “Fellowship paper.”

However, as the rules on the ordering of examinations were relaxed, this examination may be taken before taking some earlier examinations resulting in candidates qualifying on other papers.

Choose 2 of the following Specialist Technical Subjects:

  • ST1 – Health and Care Specialist Technical
  • ST2 – Life Insurance Specialist Technical
  • ST4 – Pensions and other Benefits Specialist Technical
  • ST5 – Finance and Investment Specialist Technical A
  • ST6 – Finance and Investment Specialist Technical B
  • ST7 – General Insurance – Reserving and Capital Modelling Specialist Technical
  • ST8 – General Insurance – Pricing Specialist Technical
  • ST9 – Enterprise Risk Management Specialist Technical

    Heriot-Watt University is rated top in the UK for student experience

    Heriot-Watt University is rated top in the UK for student experience

Specialist Applications Stage Subjects for Institute and Faculty of Actuaries, UK

Students can choose 1 of the following Specialist Applications Stage subjects and pass:

  • SA1 – Health and Care
  • SA2 – Life Insurance
  • SA3 – General Insurance
  • SA4 – Pensions and other Benefits
  • SA5 – Finance
  • SA6 – Investment

Work-Based Skills (WBS)

Practical experience requirement monitoring the development of the candidate in several key areas, supervised by an approved mentor. A minimum of three years’ actuarial work experience is required before being admitted to Fellowship.

Upon completion of the above, the candidate may be admitted as Fellow.

UK Practice Modules

A multiple choice examination testing the candidate’s knowledge in the general principles of UK Financial Services, business practices, regulation, legislation and professional guidance notes. Not required to qualify as a Fellow, but required if practising in the UK in a reserved role.

 

 

How many Professional Actuaries are there in Malaysia? Actuarial Society of Malaysia (ASM) Society Statistics As at 31 December 2016

Membership in the Actuarial Society of Malaysia (ASM) Breakdown by Class

Class Total
Fellow 156
Associate 59
Ordinary 637
Student 5
Total 857

 

Membership in the Actuarial Society of Malaysia (ASM) by Professional Body

Professional Body Total
Society of Actuaries 468
Institute & Faculty of Actuaries 251
Institute of Actuaries of Australia 50
Casualty Actuarial Society 69
Others 19
Total 857

 

Membership Breakdown of the Actuarial Society of Malaysia by Employment Category As at 31 December 2014

Employment Category Total
Life Insurance 217
Takaful 122
Composite Insurance 105
Consulting 94
Regulator 39
General Insurance 38
Reinsurance / Retakaful 26
Others 14
Total 655

Actuaries Salary and Career Opportunities in Malaysia

Actuaries are well compensated. Experienced fellows have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.

According to the 2015 Robert Walters Salary Report, the salary for an actuary in Malaysia is:

4 – 7 Years Experience 8 – 12 Years Experience 12+ Years Experience
Actuaries salary 72 – 120k a year 96 – 204k a year 204k+ a year

Membership Classes (To become a member of Actuarial Society of Malaysia)

There are four membership classes under the ASM:

  1. Fellow
  2. Associate
  3. Ordinary
  4. Student

The requirements for each class are as follows:

Fellow

To join, professionals must be a Fellow of one of the following bodies:

  • Society of Actuaries (USA)
  • Casualty Actuarial Society (USA)
  • Faculty and Institute of Actuaries (UK)
  • Institute of Actuaries of Australia (Australia)
  • Canadian Institute of Actuaries (Canada)
    • Recommended by 2 Fellow members of the Society
    • Resident in Malaysia or deemed to be familiar with Malaysian conditions
    • At least 1 year’s experience in the Malaysian actuarial industry

Associate

To join, professionals must be an Associate of one of the following bodies:

  • Society of Actuaries (USA)
  • Casualty Actuarial Society (USA)
  • Faculty and Institute of Actuaries (UK)
  • Institute of Actuaries of Australia (Australia)
  • Canadian Institute of Actuaries (Canada)

OR

– Passed examinations of any professional actuarial bodies to be recognized as Fellow, which is
deemed to be at least equivalent to the examination requirements to become an Associate of the
above actuarial bodies.

Ordinary

– Satisfies one of the following:

  • Ordinary member of a professional actuarial body; OR
  • Passed at least 1 part/subject of the examinations of a professional actuarial body which has no class of Ordinary membership and is continuing to study for other examinations of the actuarial body; OR
  • Completed an actuarial course or other related statistical course in a university, college  or other academic institute and has achieved a qualification thereof; OR
  • Carrying out actuarial or other related work in a life or non-life insurance company, government office or actuarial consulting office.

– Nominated by 2 members of the Society

Student

  • Nominated by 2 persons delegated by the Vice Chancellor of the university
  • Does not meet the requirements for admission as Fellow, Associate or Ordinary member; OR meets       the requirements but is not gainfully employed and chooses to seek Student membership
  • Has a declared interest in actuarial matters
  • Undergraduate/postgraduate student in an actuarial-related program

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

EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel. Weng Hang, Heriot-Watt University Malaysia

EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel.
Weng Hang, Heriot-Watt University Malaysia

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 for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Top Actuarial Science Degree in Malaysia at UCSI University Best for Preparing Students for the SOA Professional Exams


Education Pathway to Become a Professional Actuary in Malaysia through the Society of Actuaries (SOA) USA after the Actuarial Science Degree at Top Ranked UCSI University

Written by EduSpiral Consultant Services For more information contact 01111408838

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).

UCSI University’s degree in Actuarial Science is exempted from the VEE papers. In addition, UCSI University’s actuarial science students have completed the partially or all of the 5 preliminary exams during their degree studies at UCSI.  Students after SPM or O-Levels with at least 5 credits including the relevant subjects may enter the Foundation in Arts (Actuarial Science & Architecture) at top ranked UCSI University for 1 year before continuing on to the 3-year Actuarial Science 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 degree providing they meet the minimum entry requirements.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Top Ranked UCSI University Offers the Best Actuarial Science Degree Programme in Malaysia that Prepares Students to Succeed in the Society of Actuaries (SOA) Professional Exams

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

UCSI University’s Actuarial Science related programmes follow SOA guidelines. UCSI University’s focus on preparing the students for the professional examinations has helped them to familiarise themselves with the examinations and enabled them to perform well. UCSI has students who passed three out of five preliminary exams when they were still in their second year.

UCSI’s actuarial lecturers have vast experience in the corporate world as consultants and advisors, enabling them to deliver a curriculum that is relevant and that matches the industry’s requirements.

UCSI partners with over 4,000 leading companies in various industries – Malaysia’s widest industry-academia network – to provide students with internship programmes, industry exposure and job opportunities for Actuarial Science students.

Ong Shze Yeong, Head of Actuarial at AXA Affin General Insurance Berhad was at UCSI University to discuss the general insurance industry in Malaysia and to share career insights in this emerging market.

Actuarial Science graduates from UCSI University are consistently employed by some of the world’s largest insurance companies after completing internships at AIA, Alliance, Great Eastern, Tokio Marine, Zurich and more.

UCSI is the first private education provider in Malaysia to be endorsed by the Society of Actuaries (SoA) and the Institute and Faculty of Actuaries (IFoA). These international professional bodies are acknowledged globally for their prestigious actuarial designations and provide the latest educational programmes and rigorous examination process.

UCSI is the first and only private institution in Malaysia to be granted CT1 module exemption for IFoA’s Fellowship and Certified Actuarial Analyst exams.

UCSI is a SoA UCAP (Universities and Colleges with Actuarial Programmes) school. Students may obtain all three VEE (Validation by Educational Experience) credits – core subjects needed to attain a Society of Actuaries (SoA) membership – which may also go towards other qualifications from the Casualty Actuarial Society and Canadian Institute of Actuaries.

 

The Best Actuarial Science Degree Programme at UCSI University, Malaysia

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

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

  • 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

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

  • 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

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science 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 Performing Students in the Actuarial Science Degree Programme at UCSI University, Malaysia

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.

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.

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).

UCSI University Actuarial Science student, Teoh Wei Jing, Passed all 5 Society of Actuaries preliminary exams in 3 years during his degree studies

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 library & computer labs are located inside the Learning Resource Centre at UCSI University

The library & computer labs are located inside the Learning Resource Centre at UCSI University

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.”

Award-Winning Business Students at UCSI University

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

2015 – Wong Hao Yi & Kok Yat Sing, Bachelor of Science (Hons) Actuarial Science students at UCSI University, became National Champions for CIMB ASEAN Stock Challenge 2015, organised by CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets.

2015 – Kong Kah Weng, Eric, Bachelor of Arts (Hons) Marketing student at UCSI University, is the First Prize Winner for the “Think New” Essay Writing Competition, Eric Kong won himself a one month internship at Novo Education New Zealand. The competition was organized by South and South East Asia (SSEA), Education New Zealand.

2015 – Yeah Nyoke Kim, Bachelor of Arts (Hons) Logistics Management student at UCSI University, won the Best Student Award at the Chartered Institute of Logistic and Transport (CILT) Convocation 2015, Malaysia

2015 – Lim Czi Xian, Bachelor of Science (Hons) Finance and Investment at UCSI University, was chosen as the Seminar Leader for Obuse, Negano Prefecture to teach 8 seminars on philosophy in Japan, a project fully sponsored by Reischauer Institute of Japanese studies at H-LAB, Harvard College Japan Initiative.

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

2015 – Fatin Aveena Binti Azlan, Bachelor of Business Administration (Hons) Oil and Gas Management student at UCSI University, participated in the 2015 Yong Southeast Asian Leaders Initiative* (Yseali) Institute on Environmental issues in the United States, fully funded by the Department of United States and will be hosted by the University of Montana, Montana from 25 August -30 September 2015. * Initiative by U.S. President Barack Obama, international Council of Malaysian Scholars and Associates, Hosted by Mckensey & Co.

2014/2015 – Yong Kok Seong (Diploma in Management), Loh Peng An (Bachelor of Arts (Hons) Logistics Management) & Lo Shai Man (Bachelor of Arts (Hons) Accounting) won Merit Prize in the Malaysia Startup Challenge (MSC) Malaysia – Institution of Higher Learning (IHL)

2014 – Eric Kong Kah Weng (Bachelor of Arts (Hons) in Marketing), Kelvin Choo Chiang Tung (Bachelor of Science (Hons) in Finance and Investment), and Vivian Ng Mun Yee (Bachelor of Arts (Hons) in Accounting) emerged Champion for the event “World Islamic Economic Forum (WIEF) Business Plan Challenge 2014” for Social Entrepreneurial Project — “Bangi Soap”, Kampung Kalangkaman, Sabah, Malaysia

2013 – Lim Wai Hing & Chew Pei Xin (Bachelor of Arts (Hons)Business Administration students at UCSI

Students at UCSI University are taught by qualified and experienced lecturers

Students at UCSI University are taught by qualified and experienced lecturers

University) won First runner-up placing at the Malaysia Startup Challenge (MSC) – Institution of Higher Learning (IHL) Business Plan Competition (MIBPC), 2012/2013, an annual competition that seeks to nurture a new generation of technology entrepreneurs.

2013 – Vanessa Meghann @ Ang Man Xuan, Liew Wye Yaw, Jason Yao Ching Huat & Vijayalecchumy who are Diploma In Management students at UCSI University emerged Champion for the Entrepreneurial Building Project 2014 competition, Malaysia

2011 – Foo Dun Fei & Ng Shing Leng (Bachelor of Arts (Hons)Business Administration students at UCSI University)won the first runner up during the national Malaysia Startup Challenge (MSC)–Institution for higher Learning (IHL) Business Plan Competition

Education Pathway to Become a Professional Actuaries in Malaysia at Top Private Universities

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

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.

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. To study Actuarial Science in Malaysia, students should choose a university that best equips them with the knowledge and skills to succeed in actuaries.

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.

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

"EduSpiral provides great advise to students to help them find the right university." Lim Khang Lun, UCSI University Business degree student.

“EduSpiral provides great advise to students to help them find the right university.” Lim Khang Lun, UCSI University Business degree student.

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.”

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 stage where students who receive grades of 70% and

Dr Toh Kian Kok, Actuarial Science professor at UCSI University

Dr Toh Kian Kok, Actuarial Science professor at UCSI University

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).

While UCSI University’s Actuarial Science related programmes follow SOA guidelines, Dr Toh points out that the University has a trump card that separates it from the competition.

“Our focus on preparing the students for the professional examinations has helped them to familiarise themselves with the examinations and enabled them to perform well.”

“As testament to our efforts, we have students who passed three out of five preliminary exams when they were still in their second year. This is a remarkable feat which we are proud of.

“The good response we have received has given us the confidence to launch the new BSc (Hons) Actuarial Science and Finance programme and we are confident our programmes will play an important role in meeting the human capital needs of the country.”

Best University in Malaysia for Actuarial Science Degree Programme at Top Ranked 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

Lim Fang Ching, Head of the Actuarial Science and Applied Statistics Department under the Faculty, describes the programme as “very comprehensive” and “hands-on”, solidly grounded in actuarial science as opposed to other programmes offering a blend of hybrid subjects.

Unlike conventional courses, where lectures are only conducted by statisticians or mathematicians, the University’s Actuarial Science programme is infused with the industry experience of two actuaries and dedicated lecturers well-versed in economics, mathematics and statistics.

The University has made collaborative arrangements with several insurance companies, agents and consultancy firms, among others, through co-operative placements that allow students to experience the real actuarial work environment. Industry partners have also reciprocated the students’ commitment with positive feedback on their performance.

“Our aim is to not only generate academically-trained graduates but to also enable them to be savvy in industrial practices and to be capable of conducting independent research.”

As part of their graduation project, he elaborated, final year students are required to conduct independent

EduSpiral arranged for us to meet the Head of School to explain the course to us to help us compare which university would be the best. Chee Wey (middle) full scholarship for Actuarial Science at UCSI University

EduSpiral arranged for us to meet the Head of School to explain the course to us to help us compare which university would be the best.
Chee Wey (middle) full scholarship for Actuarial Science at UCSI University

research on financial or actual modelling and apply the model to financial and insurance-related issues. He added: “To be qualified as an actuary, students are required to undergo a series of actuarial examinations before they become credentialled, and the programme is designed to prepare students for this purpose, as its core modules comply with examination syllabus by actuarial professional bodies such as the Society of Actuaries (SOA).”

Students preparing for exams are also supported through activities like additional one-to-one tuition classes, industrial visits and talks by industry practitioners such as actuaries and adjunct senior lecturers. While technical knowledge is undoubtedly important for an actuary, knowledge alone does not make a good actuary.

In Dr Ngerng’s view, a sterling reputation and an upright character sets actuaries apart from other brilliant minds.

“For example, while other members of the management board could be inclined to extract more immediate profit in order to boost their apparent contributions to the company, an actuary has to safeguard the policyholders’ interest,” he explains.

“Are the reserves enough to honour all future claims? This is what an actuary asks and finds out before approving the figures for the company’s annual profit.

Additionally, UCSI University’s BSc (Hons) Actuarial Science programme also places a great emphasis on

UCSI University students learn in a stimulating international environment taught by qualified & experienced lecturers

UCSI University students learn in a stimulating international environment taught by qualified & experienced lecturers

leadership skills which are crucial to climb up the ranks of an organisation. Unlike technical knowledge, leadership is not something that can be taught – it has to be learnt from experience.

Thus, UCSI University’s Praxis approach – a unique pedagogy that blends university education with workplace experience – is one that will give its students a competitive edge. Under this approach, students are required to obtain a minimum of two months of internship experience at the end of each academic year.

For students of UCSI University’s Actuarial Science programmes, the University has arranged for them to intern at prominent multinational corporations in order to increase their international exposure. These include Tokio Marine – the largest property/casualty insurance group in Japan, Uni.Asia General Insurance – a premier insurer in Malaysia, and Citibank. Students are also exposed to industry expectations via part-time lecturers who are qualified practicing actuaries.

Going one step further, UCSI University’s Actuarial Science programmes groom students to become some of the brightest actuaries and most trustworthy leaders, capable of steering companies through uncertainties and risks.

Study at the Top Ranked UCSI University in Malaysia

UCSI University is a vibrant community of learning and scholarship. With more than 10,000 students from 80 different

UCSI University is ranked Tier 5 or Excellent in the SETARA 2013 offers state-of-the-art facilities at their strategically located campus in Cheras, KL

UCSI University is ranked Tier 5 or Excellent in the SETARA 2013 offers state-of-the-art facilities at their strategically located campus in Cheras, KL

countries, the University stands out as a melting pot of diversity and learners will supplement their pursuit of knowledge with a keen sense of cultural appreciation – a vital trait in today’s borderless world.

As one of Malaysia’s first private universities,UCSI University has long impacted the national higher education landscape and the University continues to do so with its wide range of undergraduate and postgraduate programmes.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings.

UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

The University’s academic staff are at the forefront of their disciplines and their views are highly sought after on major issues; from business to political science.

Many of their academics have extensive experience working overseas and some play advisory roles in public bodies and various committees. By bringing their experiences into the classroom, UCSI’s academics cater to an exhilarating learning environment and learners will thrive as they balance academic mastery with industrial application.

Since its inception in 1986, UCSI University has been committed to further the discovery and celebration of knowledge.

Co-Operative Education Training Programme for Every Year of Degree Studies at UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship). Paul Kong, graduated in Business Administration from UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship).
Paul Kong, graduated in Business Administration from UCSI University

With its innovative academic curriculum, UCSI University students also enjoy the unique benefits of its Co-Operative Education Training Programme (Co-Op) that enhances their employability by integrating classroom learning with workplace training in Co-Op employer organisations.

Completing two months’ work experience for every study year, a UCSI University student would have six to eight months’ work experience to stand ready for full-time employment upon their graduation.

The Co-Operative Placement Programme at UCSI University formally integrates classroom learning with workplace training in co-operative employer organisations.

As part of their degree requirements, students enrolled in UCSI University programmes are required to complete a co-operative module comprising two months’ work experience for each year of their degree programme. Today, the University have over 3500 industry partners supporting the Co-Op Placement Programme.

With the number rising annually, these partnerships create job opportunities for students to be job-ready upon their graduation.

State-of-the-Art Facilities at UCSI University

Computer lab at UCSI University

Computer lab at UCSI University

Situated on a 19-acre piece of land, the Campus is located in Cheras, Kuala Lumpur with convenient access to numerous facilities including banks, restaurants, transportation services, entertainment, and accommodation. Fully wireless, it is equipped with the latest cutting-edge technology to access the world of e-learning and e-resources.

Housing 7 different blocks, the Campus includes the Student Centre (Menara Gading), the Resource Centre, the Academic Blocks and Residential Halls to comfortably accommodate a student population of more than 15000.

Sporting facilities in this Campus include: basketball, badminton and squash courts, as well as a gymnasium, a football field, and a swimming pool.

Other facilities include the four-level library, an auditorium, a recital hall, a multi-purpose hall, computer laboratories, residential halls, bookstores and cafeterias. Also available on Campus is an Apple Experience Centre.

The Campus faculty-centric facilities include: the Anatomy & Pathology Museum, Clinical Skills Laboratories, Petrochemical

Students at UCSI University have access to excellent sports facilities for healthy lifestyle

Students at UCSI University have access to excellent sports facilities for healthy lifestyle

Laboratory, Physiology & Pharmacology Laboratory, Molecular Biology Laboratory, and Microbiology Laboratory, fashion design workshops, Psychology Laboratory, as well as drafting and design studios.

The University is also constantly working with the industry to set up specialised labs which ensure students are updated with the latest industrial practices. Currently, the University has established laboratories jointly with National Instruments and RICOH under the School of Engineering and the School of Information Technology, respectively.

Due to its rapid expansion, an additional 48-storey building will be built on the existing Campus that will include a 5-Star hotel, twelve floors of parking bays and hostel accommodations for UCSI University students, administrative offices, restaurants, a ballroom and also a clubhouse.

Professional Recording Studio at UCSI University

The recording studio located in the Recital Hall is a professional 24-track digital recording and editing studio with an attached

UCSI University's Professional Recording Studio is a professional 24-track digital recording and editing studio with an attached control room.

UCSI University’s Professional Recording Studio is a professional 24-track digital recording and editing studio with an attached control room.

control room that is connected to the Recital Hall for live recording purposes. Equipped to handle small to integrated productions, advanced editing and CD-R burning, it is available for stereo recording, multi-track recording, fully automated mix-down, CD writing or audio/CD-R production and audio postproduction for vision.

Recording applications available include instrument, choir, ensemble, jazz and pop bands, drums, voice-overs, musicals, vocals, backing tapes, background music, minus ones for lip-syncing, minus ones for vocal performances and video soundtracks. A valuable teaching facility, the studio is also used for many of our audio engineering courses to enable students to work in a setting that closely parallels the professional music world.

The recording studio is also used by the Mass Communication and Branding & Advertising students at UCSI University.

Dewan Tan Sri Ahmad Razali (DETSAR)

Fully equipped with air-conditioning and a sound system, the Hall can accommodate up to 660 pax for examinations and 1,000 pax for dinner functions.

Multipurpose Hall (MPH)

Students get value for money at UCSI University with access to excellent sports facilities

Students get value for money at UCSI University with access to excellent sports facilities

The Multipurpose Hall can accommodate up to 420 pax for examinations.

Recital Hall

The Recital Hall and the Auditorium are two identical theatres, which are well-designed for professional performances and functions and furnished with theatre-style seating for 450 people. Both are also well-equipped with their own sound systems, audio/visuals, and recording facilities.

Library & Resource Centre

The five-storey UCSI University Library offers a comprehensive collection of all the latest texts and references, both in hardcopy and online. The e-Library provides access to a wide array of references, from academic peer-reviewed international journals to music scores and audio-visual items. Also available are discussion rooms and workstations, as well as supplementary audio references.

EduSpiral Consultant Services- Your Personal Online Education Advisor

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

EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide range of

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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 for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Top Universities in Malaysia Best for Actuarial Science Studies Courses


Best Private Universities in Malaysia Offering the Best Actuarial Science Degree Programmes

Written by EduSpiral Consultant Services For more information contact 01111408838

The path to becoming an actuary in Malaysia for students after SPM or high school involves going through a structured education plan. First, students will obtain university-level education and then post-university examinations, as well as other requirements. One must pass the actuarial professional examinations and various on-the-job assessments. 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.

Outstanding private universities in Malaysia for Actuarial Science or Actuarial Maths degree are Heriot-Watt University MalaysiaAsia Pacific UniversityUCSI University and  Taylor’s University.

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.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

The Best Universities in Malaysia to Study Actuarial Science

Students in Malaysia can get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

Students in Malaysia can get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

Students can consider studying the BSc (Hons) Actuarial Science at UCSI University or obtain a Staffordshire University, UK degree locally in Malaysia at Asia Pacific University graduating with the BSc (Hons) Actuarial Studies.

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, students have the opportunity to broaden their knowledge and gain industry exposure that will help them excel in their final year of studies.

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.

EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel.
Weng Hang, Heriot-Watt University Malaysia

As well as developing a core understanding of mathematical and financial concepts and statistical methods, you can gain exemption from eight of the Core Technical subjects (CT1 to CT8) of the professional examinations of the Institute and Faculty of Actuaries.

The Actuarial Science degree programme at Heriot-Watt University Malaysia also provides a good foundation for the later Core Technical subjects. By obtaining the full set of exemptions available during your degree, you could considerably reduce the time it takes you to qualify as an actuary.

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

My mum contacted EduSpiral and he gave me in-depth information on the courses & universities. He arranged for us to tour the universities to help me make the right choice.
Bryan Yap, Foundation in Business (Actuarial Science) at Heriot-Watt University Malaysia

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. This will be the fastest pathway to become an Actuary in 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.

 

I received a lot of in-depth information about the course & university from EduSpiral. He took us around for a campus tour as well as the hostel in Cyberjaya.
Wen Hang, Actuarial Science at Heriot-Watt University Malaysia

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, something only a handful of programmes in the UK have achieved.

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.

Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia

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

Heriot-Watt University is ranked top in the UK for Business, Actuarial & Engineering courses

  • 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

    Library at Heriot-Watt University Malaysia

  • 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 the Actuarial Science Programme at Heriot-Watt University Malaysia

Heriot-Watt University Malaysia provides the best teaching experience for students

Heriot-Watt University Malaysia provides the best teaching experience for students

In accordance with Heriot-Watt University’s normal practice, their professionally orientated programmes are designed to meet the educational requirements for membership of relevant professional institutions.

In addition to recognition within Malaysia, the university seeks accreditation by the relevant UK or international professional bodies in accordance with their standard procedures.

This Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. It is expected that the 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.

Teaching and assessment for the Actuarial Science Degree Programme at Heriot-Watt University Malaysia

Get a top ranked UK degree in Malaysia at Heriot-Watt University Malaysia

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.

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.

Heriot-Watt University is a Top Ranked University in the UK and in the World

  • In the top 400 worldwide by QS World’s Top Universities

    Heriot-Watt University

    Heriot-Watt University

  • THE’s ‘Table of Tables’ is the combined results of the three main UK university league tables – the Good University Guide (published by The Times and The Sunday Times), The Guardian and The Complete University Guide.In the Table of Tables 2015: Heriot-Watt is placed 25th in the UK – rising from 28th the previous year
  • 63rd in the world, 10th in the UK and 2nd in Scotland in The Times Higher Education ‘100 Under 50’ 2013 (University Royal Charter awarded in 1966).
  • 22nd in the world, based on the ‘international outlook’ indicator in the World University Rankings in the Times Higher Education – World’s Most International Universities.
  • Scottish University of the Year 2012-13 (and 2011-12) and UK University of the Year for Student Experience 2012-13 by the Sunday Times.

Best UK Dual Award Actuarial Science Degree Course in Malaysia at Award Winning 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

Asia Pacific University (APU) is ranked Tier 5 or "Excellent" in the SETARA 2013 rating by MQA. APU is now operating at its new iconic campus at Technology Park Malaysia, Kuala Lumpur.

Asia Pacific University (APU) is ranked Tier 5 or “Excellent” in the SETARA 2013 rating by MQA. APU is now operating at its new iconic campus at Technology Park Malaysia, Kuala Lumpur.

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)

After chatting with EduSpiral on WhatsApp, he met me & my family to take us around the campus & provide further advise on the course.
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.

Asia Pacific University students have access to state-of-the-art computer facilities that include the latest PCs and workstations with Internet connection, operating systems, software suites and commercial programming software in multiple IT labs built for project work, multimedia production, software and internet programming.

Asia Pacific University students have access to state-of-the-art computer facilities that include the latest PCs and workstations with Internet connection, operating systems, software suites and commercial programming software in multiple IT labs built for project work, multimedia production, software and internet programming.

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.

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.

Students after SPM or O-Levels will need at least 5 credits including Maths to enter the Foundation in Arts at UCSI University for one year before continuing on to the Actuarial Science degree course. Scholarships are available to deserving students for the Foundation and degree programmes at top ranked UCSI University. Students interested to join UCSI University may apply online to register.

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

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

  • 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

Students learn from qualified & experienced lecturers at UCSI University

Students learn from qualified & experienced lecturers 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

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

  • 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

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

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

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.

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.

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.

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).

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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 library & computer labs are located inside the Learning Resource Centre at UCSI University

The library & computer labs are located inside the Learning Resource Centre at UCSI University

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.”

Award-Winning Business Students at UCSI University

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

UCSI University is ranked in the Top 300 Universities in Asia in 2015 by the renown QS University Rankings. UCSI University is ranked as Excellent or Tier 5 in the SETARA 2013 rating system by MQA.

2015 – Wong Hao Yi & Kok Yat Sing, Bachelor of Science (Hons) Actuarial Science students at UCSI University, became National Champions for CIMB ASEAN Stock Challenge 2015, organised by CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets.

2015 – Kong Kah Weng, Eric, Bachelor of Arts (Hons) Marketing student at UCSI University, is the First Prize Winner for the “Think New” Essay Writing Competition, Eric Kong won himself a one month internship at Novo Education New Zealand. The competition was organized by South and South East Asia (SSEA), Education New Zealand.

2015 – Yeah Nyoke Kim, Bachelor of Arts (Hons) Logistics Management student at UCSI University, won the Best Student Award at the Chartered Institute of Logistic and Transport (CILT) Convocation 2015, Malaysia

2015 – Lim Czi Xian, Bachelor of Science (Hons) Finance and Investment at UCSI University, was chosen as the Seminar Leader for Obuse, Negano Prefecture to teach 8 seminars on philosophy in Japan, a project fully sponsored by Reischauer Institute of Japanese studies at H-LAB, Harvard College Japan Initiative.

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

UCSI University students Chew Pei Xin (second from left), Jasmine Lum (third from let), Lim Wai Hing (fifth from left), and Faculty of Business & Information Science lecturer Ms. Eva Lim (sixth from left) posing for a group photo after bagging the first runner-up prize at the MSC Malaysia- IHL Business Plan Competition (MIBPC).

2015 – Fatin Aveena Binti Azlan, Bachelor of Business Administration (Hons) Oil and Gas Management student at UCSI University, participated in the 2015 Yong Southeast Asian Leaders Initiative* (Yseali) Institute on Environmental issues in the United States, fully funded by the Department of United States and will be hosted by the University of Montana, Montana from 25 August -30 September 2015. * Initiative by U.S. President Barack Obama, international Council of Malaysian Scholars and Associates, Hosted by Mckensey & Co.

2014/2015 – Yong Kok Seong (Diploma in Management), Loh Peng An (Bachelor of Arts (Hons) Logistics Management) & Lo Shai Man (Bachelor of Arts (Hons) Accounting) won Merit Prize in the Malaysia Startup Challenge (MSC) Malaysia – Institution of Higher Learning (IHL)

EduSpiral helped me to find the right college for A-Levels, & now they have helped me to choose what to study after my A-Levels.
Chee Kin, Actuarial & Finance degree at UCSI University

2014 – Eric Kong Kah Weng (Bachelor of Arts (Hons) in Marketing), Kelvin Choo Chiang Tung (Bachelor of Science (Hons) in Finance and Investment), and Vivian Ng Mun Yee (Bachelor of Arts (Hons) in Accounting) emerged Champion for the event “World Islamic Economic Forum (WIEF) Business Plan Challenge 2014” for Social Entrepreneurial Project — “Bangi Soap”, Kampung Kalangkaman, Sabah, Malaysia

2013 – Lim Wai Hing & Chew Pei Xin (Bachelor of Arts (Hons)Business Administration students at UCSI University) won First runner-up placing at the Malaysia Startup Challenge (MSC) – Institution of Higher Learning (IHL) Business Plan Competition (MIBPC), 2012/2013, an annual competition that seeks to nurture a new generation of technology entrepreneurs.

2013 – Vanessa Meghann @ Ang Man Xuan, Liew Wye Yaw, Jason Yao Ching Huat & Vijayalecchumy who are Diploma In Management students at UCSI University emerged Champion for the Entrepreneurial Building Project 2014 competition, Malaysia

2011 – Foo Dun Fei & Ng Shing Leng (Bachelor of Arts (Hons)Business Administration students at UCSI University)won the first runner up during the national Malaysia Startup Challenge (MSC)–Institution for higher Learning (IHL) Business Plan Competition

Co-Operative Education Training Programme for Every Year of Degree Studies at UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship). Paul Kong, graduated in Business Administration from UCSI University

I am glad that EduSpiral recommended me to UCSI University as I gained so much real work experiences during all my Co-Op (Internship).
Paul Kong, graduated in Business Administration from UCSI University

With its innovative academic curriculum, UCSI University students also enjoy the unique benefits of its Co-Operative Education Training Programme (Co-Op) that enhances their employability by integrating classroom learning with workplace training in Co-Op employer organisations.

Completing two months’ work experience for every study year, a UCSI University student would have six to eight months’ work experience to stand ready for full-time employment upon their graduation.

The Co-Operative Placement Programme at UCSI University formally integrates classroom learning with workplace training in co-operative employer organisations.

As part of their degree requirements, students enrolled in UCSI University programmes are required to complete a co-operative module comprising two months’ work experience for each year of their degree programme. Today, the University have over 3500 industry partners supporting the Co-Op Placement Programme.

With the number rising annually, these partnerships create job opportunities for students to be job-ready upon their graduation.

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

Our mum asked us to talk to EduSpiral as we did not know what to study. EduSpiral had helped our older sister before. He met us at Taylor’s, talked to us and then gave us a tour.
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

Taylors University offers a conducive environment for students to excel in their studies

Taylors University offers a conducive environment for students to excel in their studies

  • 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

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

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

EduSpiral provided me with in-depth advise on choosing the right course for my career.
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

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

EduSpiral took us around to tour the campus and talk to the Head of Actuarial Science Department to help us make a better decision. Edward Loh (L) Partial Scholarship and Chee Wei (R) Full Scholarship for Actuarial Science at UCSI University

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 for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Best Actuarial Studies UK Dual Award Degree Course at Taylor’s University in Malaysia


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

Written by EduSpiral Consultant Services For more information contact 01111408838

Students after SPM or O-Levels with at least 5 credits including the relevant subjects may enter Taylor’s University 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 3-year or 4-year Bachelor of Science (Hons) Actuarial Studies degree providing they meet the minimum entry requirements.

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.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Premier Actuarial Studies Degree Programme in Malaysia at Taylor’s University

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

Taylor's University is a top ranked private university in Malaysia

Taylor’s University is a top ranked private university in Malaysia

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

Taylors University is strategically located at Subang Jaya, Selangor in a safe self-sustaining 27-acre campus

Taylors University is strategically located at Subang Jaya, Selangor in a safe self-sustaining 27-acre campus

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

Taylors University offers a conducive environment for students to excel in their studies

Taylors University offers a conducive environment for students to excel in their studies

  • 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

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

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.

Taylor’s Business School

Leading the Way for Global Business

Taylor's University is an award-winning top private university in Malaysia

Taylor’s University is an award-winning top private university in Malaysia

Established in 1993, Taylor’s Business School has grown to become one of the largest and most dynamic business schools in Malaysia. We are the preferred business school for hundreds of students who want an internationally recognised business qualification.

Taylor’s Business School offer a teaching and learning experience that employs interactivity, progressive techniques and real world applications, to hone and perfect the skills of business-savvy leaders and captains of industry of the future.

The university prides itself in producing graduates that are highly employable upon graduation. Taylor’s

Technologically advanced classrooms at Taylor's University

Technologically advanced classrooms at Taylor’s University

University partnership with Australian, UK and New Zealand universities enable them to offer degree programmes that are up-to-date with market trends and contain industry-relevant content.

Through strong linkages and collaborations with industry leaders and professionals, the university is able to offer co-curricular programmes that help expose students to practical fieldwork, gain real world experience and enhance their marketability in the job arena.

A dedicated Career Centre assists students in finding job placement through career-related events and employment fairs. It also supports student in employment preparation.

The Taylor’s Business School believes in developing purposeful business leaders of the future through holistic and value-based education.

Why Study Business at Taylor’s University in Malaysia

  1. Purposeful Leaders
Library at Taylor's University

Library at Taylor’s University

Taylor’s University groom business graduates who possess a strong entrepreneurial mindset and a heart for social responsibility. Our holistic approach to education inspires a ‘big picture’ view of business and the ability to improve the quality of life of the community at large.

  1. Real-World Experience
    Taylor’s University educational journey incorporates carefully structured real-world practices and industry relevant experiences as part of our comprehensive curriculum. The university creates an environment that encourages student engagement through contemporary and innovative learning approaches that reinforce our students’ understanding of business theories and prepares them for their future..
  2. Global Outlook
    Taylor’s University students are instilled with a global mindset as well as a sound understanding of national and international business practices. This enables them to understand how changes in the international business climate impact their immediate business community.
  3. Increased Employability
    Taylor’s Business School has forged strategic alliances with industry leaders in order to put in place mutually beneficial partnerships and bridge the gap between academia and industry. Our programmes are therefore highly relevant and provide our students with the latest insight into the trends and issues affecting current business practices.

PURPOSEFUL LEADERS

Passionate Business Leaders of the Future

Lecture Theatre at Taylor's University with a view of the lake

Lecture Theatre at Taylor’s University with a view of the lake

Entrepreneurship has become a crucial factor in the development and well-being of societies. It has been proven to increase innovation as well as promote productivity and healthy economic competition.

The School takes pride in grooming business graduates who can create social value through their business activities, looking beyond profit margins and emphasing on the value of contributing to the community. We cultivate purposeful business leaders who possess a different mindset and understanding of business.

We believe that purposeful leaders should have a holistic view of the company and see beyond the organisational divisions and hierarchy. Transformation can only take place when students are able to see the ‘big picture’ view of the organisation and business landscape as a whole.

As such, we provide many opportunities for students to be immersed in situations where they are challenged to see from an owner’s perspective and subsequently make decisions from an owner’s stand point. These experiences shape our graduates to see their role as part of the organisation and business community, as well as influence their desire to make a difference.

Fresh Mart – Students purchase fresh vegetables, fruits, and flowers from the farms of Cameron Highlands and sell them on campus. The profits are then donated back to the local farmers. Students are thus able to help the local farming community, and gain exposure to business enterprise through real business experiences.

Social Entrepreneurship

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

Taylor’s University students are encouraged to use their business acumen to address social issues and develop business solutions to improve the quality of life of affected communities. Despite being challenged with limited budget and resources, they are required to develop creative and cost-effective proposals to achieve their business goals. This enhances their practical experience in running a business, enabling them to apply their classroom knowledge as well as improve ethical, interpersonal, communication, leadership and problem-solving skills during the project.

National Business and Entrepreneurship Competitions
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

Service Learning

Technologically advanced classrooms at Taylor's University

Technologically advanced classrooms at Taylor’s University

Service learning is incorporated as a core initiative in our business education, through community-based projects to enhance our students’ sense of civic responsibility. These projects are designed to enable students to achieve specific learning outcomes while gaining a rich mastery of the business modules offered at the School.

The Programme for After Class Enrichment (PACE)
This programme, in collaboration with the Edge Education Foundation and EY (Ernst & Young), assists youth to perform better in their studies. TBS students contribute their individual efforts in order to make improvements in another person’s life, through academic support and mentoring in the form of tuition classes.

Do Something Good (DSG) and Social Enterprise Alliance Malaysia (SEA)
The strategic partnership between DSG and SEA creates a platform for TBS students to be actively involved in projects based on social entrepreneurship and volunteerism. Graduates are nurtured to become more compassionate citizens by understanding the essentials of social service learning.

REAL-WORLD EXPERIENCE

From Classroom Theories to Real-Life Practice

Taylor's University Lakeside Campus

Taylor’s University Lakeside Campus

At TBS, experience is at the heart of the learning process. Our carefully-tailored approach combines a strong foundation of theories, as well as avenues to apply these theories into practical settings, to maximise learning.

In order to achieve this, we employ a variety of teaching and learning strategies, where students are exposed to real-life scenarios and industry-relevant experiences that enhance student engagement, both inside and outside the classroom.

Taylor’s University Business faculty is committed to providing students with a challenging and rewarding educational experience, where they are motivated and challenged to hone their skills further through practice. This naturally transitions to the experimentation phase, resulting in a more engaging approach to learning across-the-board.

Throughout their course of study, students are encouraged to experiment and express ideas and techniques in their pursuit of gaining deeper insights into their chosen field of study.

Blended Learning

X-Space Classroom at Taylor's University - Promoting Learning Collaboratively, From the Lecturer, Peers and the World

X-Space Classroom at Taylor’s University – Promoting Learning Collaboratively, From the Lecturer, Peers and the World

Universities around the world are addressing the challenges of making teaching and learning more accessible and more flexible. The push towards greater flexibility of learning, supported by existing and emerging technologies, is substantially being driven by students who seek to engage in learning whenever and wherever they choose.

TBS leverages on the opportunities provided by technological advances to support learners. At TBS, there is a strategic and systematic approach to combining different times and modes of learning, integrating the best aspects of face-to-face and online interactions.

We refer to this as the Blended Learning approach, and it includes:

  • Face-to-face and online learning activities and formats
  • Well-established technologies such as lecture capture, social media and emerging technologies simulations
  • 24/7 access to all learning content
  • Ability to gauge students’ progress against learning outcomes, receive supporting feedback and information on students’ progress
  • Usage of collaborative digital communication platforms such as WordPress, Google Drive, Twitter and Facebook
  • X-Space Smart Classroom
  • Part of Taylor’s Collaborative Classroom of the future and the Bring Your Own Device (BYOD) movement, X-Space is the future of classrooms at Taylor’s University. These classrooms utilise technology to facilitate collaborative learning to create an engaging and diverse learning experience.

The technology used in these collaborative classrooms enhances creative and critical thinking skills in students, as well as promotes student engagement, and ultimately increases their understanding of the subject matter.

Industry-standard Software

Taylor's University Student Success Centre

Taylor’s University Student Success Centre

To keep abreast with the latest industry advancements, Taylor’s University implements MyAccounting Lab, a web-based tutorial and assessment software for accounting. More than accounting concepts, it teaches students how to learn by motivating them to persevere through difficult concepts and providing immediate feedback to measure their progress.

Students are thus empowered and better prepared to face their professional careers armed with the skills of problem-solving and communication, as well as a sense of confidence in their abilities as lifelong learners. This thorough understanding enables our students to integrate seamlessly into the industry upon graduation.

Student e-Portfolio

Computer lab at Taylor's University

Computer lab at Taylor’s University

Electronic portfolios or e-Portfolios, is utilised to support students, faculty and staff in the process of creating a dynamic and engaging tool for teaching, learning, reflection, transformation and assessment.

The e-Portfolio allows students to keep a collection of digital or electronic items, such as word documents, graphs, photos, and presentations, within a single secure online environment. This way, it serves as a digital record of the students’ achievements, abilities and classroom work throughout the course.

We incorporate the e-Portfolio into our curriculum, so students can monitor, build and reflect on their personal development. The TBS e-Portfolio is much more than just an electronic repository. It allows students to take charge of their learning and goals, their achievements at university and beyond. Our e-Portfolio serves as a powerful catalyst for integrated learning and holistic development of students, as well as a tool for personal branding and professional development.

Industry Visits for Taylor’s Business Students
Taylor’s University students have the opportunity to visit companies and gain first-hand insight into the real world of business. Students are also given a platform to communicate and network with professional organisations, with the opportunity to interview and discuss with its employees to obtain a more realistic picture of the industry.

Module Adoption Programme
The Module Adoption Programme (MAP) is one of the approaches through which the School engages with the industry. This interactive platform facilitates the creation and exchange of new ideas as well as monitoring of the latest developments and trends in the industry.

This approach enables the School to work closely with the specialists of local and multinational companies to ensure that our curriculum is relevant and in-line with the latest requirements and demands of the industry.

Some of the local and multinationals who have worked closely with the School such as CIMA, ACCA, CPA Australia, Shiseido, Skali, Redmarch, EY (Ernst & Young), CIMB Group, Nielsen, KPMG, Deloitte and PwC.

GLOBAL OUTLOOK

Expanding the Boundaries of Learning

Taylor's University students have access to excellent sports facilities on campus

Taylor’s University students have access to excellent sports facilities on campus

In a globally-connected world, graduates must appreciate and understand how changes in the international business climate affect the national business community.

Taylor’s University students are constantly exposed to case studies, which focus strongly on global industry issues such as international trade agreements, foreign exchange and national sentiments towards a company’s profitability. It is this increased awareness of global issues that inculcate a big picture view, and facilitate our graduates to quickly identify and respond to business risks and opportunities.

International Field Trips for Taylor’s Business Students
Field trips provide the opportunity for students to understand and get exposed to international business practices in a different cultural setting whilst exchanging views, experience, and network with students of foreign universities and communities. This annual activity serves as an eye-opening experience on the complexities and diversity of global business practices.

International University Exposure for Taylor’s Business Students
Students are given the opportunity to network and build relationships with peers and faculty members from universities around the world through different educational settings. These environments challenge them to apply their knowledge, obtain feedback from academics and experts, demonstrate teamwork, boost their confidence and sharpen their business presentation skills.

Keynote Speakers Series, Forums, Workshops and Conferences
These platforms link Taylor’s University students with industry leaders, through insightful talks and lectures. Business students are given the opportunity to gain insights on global developments and issues that may impact their future practices.

INCREASED EMPLOYABILLITY

Highly Coveted Business Graduates

Grand Hall at Taylor's University

Grand Hall at Taylor’s University

In our continuous pursuit to bridge the gap between academia and industry, TBS has forged strategic alliances and put in place mutually-beneficial partnerships with industry leaders, in order to further hone and enhance our students’ employability.

The dynamic knowledge exchange that takes place at the School enables our students to adapt to the rapidly-changing landscape and gain insight on current developments and issues affecting businesses. We also enhance and sharpen our students’ soft skills and professionalism through various activities built around the curriculum.

These collaborations with industry mentors and leaders are key factors in ensuring that our programmes remain relevant and our students graduate with the knowledge and capabilities that are highly sought-after by employers.

EXEC Track

Taylor's University students have access to excellent sports facilities

Taylor’s University students have access to excellent sports facilities

The EXEC Track programme is an intensive fast track programme to nurture capable business leaders through a strategic partnership between Taylor’s University, KPMG Malaysia and CIMA.

Through this programme, a select cohort of students are offered an exclusive opportunity to gain exceptional business knowledge, priceless industry exposure as well as mentorship, training and development of skills to excel in their future careers.

Open to all bachelor students at TBS, students undergo the CIMA Professional Qualification in Management Accounting while pursuing their degrees. In this way, our students are able to obtain the professional qualifications of becoming a highly sought-after Chartered Global Management Accountant upon graduation.

Upon completion of their studies at Taylor’s Business School, graduates will have the opportunity to work at KPMG Malaysia. They will be required to work on real projects under the guidance of professionals, instilling in them valuable industry exposure and real-world knowledge.

Industry Advisory Panel (IAP)

Library at Taylor's University

Library at Taylor’s University

The IAP works closely with TBS to ensure that the programmes offered are relevant to current industry practices and requirements. Seminars that feature expert speakers are organised by the panel to help impart insights and industry trends to students. The IAP also assists in providing students with the opportunity for internships, with the support of the Taylor’s Career Services Centre.
Recognised Professional Accreditation

In our effort to benchmark our standards against the industry’s best practices, the School has put in place comprehensive programmes that have gained the recognition of several local and international accreditation boards. Taylor’s University Business programmes meet the rigorous standards of these professional accreditation boards, due to stringent entry requirements, comprehensive curriculum, students’ work and achievements as well as highly-qualified teaching faculty.

The industry-wide recognition attached to these accreditations greatly enhances our students’ career opportunities. They also ease the pathway for our students to pursue a professional qualification or further their studies, upon graduation.

  • Association of Chartered Certified Accountants (ACCA)
  • Certified Practising Accountants Australia (CPA Australia)
  • Chartered Financial Analyst (CFA)
  • Chartered Institute of Management Accountants (CIMA)
  • Chartered Institute of Personnel and Development (CIPD)
  • Chartered Tax Institute of Malaysia (CTIM)
  • Financial Planning Association Malaysia (FPAM)
  • Institute of Chartered Accountants in Australia (ICAA)
  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Malaysia Institute of Certified Public Accountants (MICPA)
  • Malaysian Institute of Accountants (MIA)
  • The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA)

Achievements of the Students from Taylor’s Business School

Our list of successes to date speaks for themselves in terms of the exceptional and well-rounded programmes offered here at Taylor’s Business School. Courses are customised for optimal growth while simultaneously preparing students for the corporate world and a lifetime pursuit of excellence.

2015- Kentrade Trading Challenge II
National Champion

2015 – Unilever Future Leader’s League
National Champion

2014 – L’Oreal Brandstorm
International Champion

2014 – HSBC Malaysia Business Case Competition
National Champion

2011 – Inter-varsity Accounting Quiz
Champions

2010/2011 – HSBC Young Entrepreneur Awards
National Champions

2009/2010 – HSBC Young Entrepreneur Awards
National Champions

2009 – CIMA Global Challenge
Champions

2008 – Asia Best Young Speaker of Business English Competition
Best Presenter – 1st Runner Up

2008 –University Technology of Sydney (UTS)
Top Student Award

2006/2007– HSBC Young Entrepreneur Awards
National Champions

2005/2006 – HSBC Young Entrepreneur Awards
Regional & National Champions

State-of-the-Art Facilities at Taylors University

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

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; striking a balance between form and function to embody Taylor’s University’s modern approach and perspective in premium education with an approach to holistic growth outside the classroom.

Surrounding the serene lake are buildings that house the academic wings and the commercial annexe that comprise of wide and spacious corridors, pleasing and rich landscapes and all in all, a sustainable and conducive environment for education. Besides, being visually comforting and naturally soothing, the overall design also enhances the air quality, both indoor and outdoor.

Taylor’s provides the necessary conducive environment for learning and development, to complement our quality academic programmes. Our campuses provide students with a comprehensive list of features and facilities to cater to our students’ learning needs and comfort during their years at Taylors University.

Service Facilities at Taylors University

Taylor's University Lakeside Campus

Taylor’s University Lakeside Campus

  • Career Services Centre
  • Computer Labs
  • Counselling and Psychological Services Centre
  • Experimental Theatre
  • Lecture Theatres
  • Library
  • Sick Bay
  • Sports and Recreation Centre
  • Student Life Centre
  • The Grand Hall
  • U-Residence
  • UniGym

Service Facilities:

Career Services Centre
This centre provides students with reference materials and information about occupations, corporations and career opportunities.


Computer Labs
For computer practical classes. Each lab has an average of 33 computers.


Library
1300-seater 4-storey library to suit students’ individual learning styles. The library is equipped with 24/7 study areas, discussion rooms, multimedia rooms, theatrette, computers, printing & photocopying facilities.


Sick Bay


U-Residence
Residence for students living on campus.


Sports and Recreation Centre
Multi-purpose courts (Futsal, netball, volleyball, basketball, cricket nets, tennis, dodgeball)


Student Life Centre
The Student Life Centre is a purpose driven centre devoted to provide a platform for Student Leaders and the student communities as a whole to engage in creative thinking, brainstorming of new ideas and implement the execution of these ideas.

The Centre features Discussion Hubs, a meeting room, independent study area and a Mini Events Zone. It is also where the TU Student Council office, Community Service Initiatives Volunteers office and International Student Services Centre are located.


The Grand Hall
1000-seater hall designed for campus events and activities such as convocations, examinations, exhibitions and gala dinners; as well as sports activities.


Lecture Theatres
Lectures and events are conducted in the hall which can seat up to 300 people.


Experimental Theatre
Suitable for stage performances (dramas and plays) and can be used for practice sessions. Equipped with stage, hi-tech acoustics and lighting systems. Seats surround the stage, providing a 360 degree view of performance.


UniGym


Counseling and Psychological Services Centre
A centre for students, staff and parents to receive counselling on various emotion related issues.

ACCOMMODATION OPTIONS

  • On Campus (U Residence @ Lakeside Campus)
    • Located in Taylor’s University, Lakeside Campus
    • This 6-storey building has 890 beds, 126 apartment units and 116 en-suites, all tastefully furnished
    • 24-hour multi-level security
    • Resident housemaster
    • Onsite maintenance support
    • Housekeeping services
    • Recreational areas
    • Learning spaces
    • Shuttle bus services
  • Off-Campus (Various Locations)
    • Units are located within the vicinity of the campuses
    • 24-hour security
    • Onsite maintenance support
    • Housekeeping services

EduSpiral Consultant Services- Your Personal Online Education Advisor

Established since 2009, EduSpiral Consultant Services helps provide information and counselling on courses and universities in Malaysia & Singapore. EduSpiral Consultant Services also represents MDIS Singapore and PSB Academy Singapore.

EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a

EduSpiral provided me with in-depth advise on choosing the right course for my career. Terence Wong, Business at Taylor's University

EduSpiral provided me with in-depth advise on choosing the right course for my career.
Terence Wong, Business at Taylor’s University

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 for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Best University in Malaysia for ADP Actuarial Science Degree transfering to Top Ranked University of Waterloo, Canada at HELP University


HELP University Actuarial Science ADP Programe with the Top University of Waterloo, Canada

Written by EduSpiral Consultant Services. For more information contact 01111408838

HELP University and the University of Waterloo, Canada, is offering an Actuarial

A Waterloo Faculty of Mathematics student studies outside the Mathematics and Computer building and the William G. Davis Computer Research Centre

A Waterloo Faculty of Mathematics student studies outside the Mathematics and Computer building and the William G. Davis Computer Research Centre

Science Credit Transfer Program into the University of Waterloo’s Co-operative (Co-op) education system, which allows students to earn academic credits for their work employment whilst studying, not to mention a good salary!

Graduates of the University of Waterloo are eligible to stay in Canada for THREE YEARS FULL-TIME employment upon completion of their degree studies.

HELP University  is offering students the opportunity to complete one or two years of their studies at the American Degree Program Department before transferring to the University of Waterloo, which is located in Ontario, Canada.

For more information contact 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Many students from HELP University have successfully transferred into the Actuarial Science degree at the University of Waterloo, Canada. The students have no problems in adjusting to the tough rigourous programme in Canada.

University of Waterloo campus in Ontario, Canada

University of Waterloo campus in Ontario, Canada

Pathway to Waterloo to their Faculty of Mathematics and David R. Cheriton School of Computer Science and their Co-Op Program

The regular program will take 4 years to complete assuming 2 terms  are completed each year and 5 courses are taken each term. 1 year consists of 3 terms.

The Co-op program is identical to regular studies academically, however, work terms increases the length of program to 4 years 8 months.

Students who are interested in pursuing the regular pathway complete two years at the ADP Department, HELP University before transferring to the University of

William G. Davis Computer Research Centre

William G. Davis Computer Research Centre

Waterloo for the final two years.

Students who are interested in pursuing the co-op pathway, complete one year at the ADP Department before transferring to the University of Waterloo for the remaining 3 years studies, and 8 months co-op.

  • Students must complete at least ONE full year at HELP University prior to attending the University of Waterloo.
  • Admissions for regular studies, students must attain a Grade Point Average (GPA) of at least 3.0 and a GPA of at least 3.7 in their mathematics courses
  • Admissions for co-op studies, students must attain a GPA of at least 3.7 and a GPA of at least 3.7 in their mathematics courses.

 

University of Waterloo partnership with HELP University for the Best Actuarial Science Programme

The University of Waterloo’s Faculty of Mathematics has the largest concentration of mathematical and computer science talent

HELP University

HELP University

in the world.

With more than 6,835 students, 200 full-time professors, and 500 courses in mathematics, statistics and computer science, the faculty is a powerhouse of discovery and innovation. Waterloo is home to the largest co-op education system in the world.

The University of Waterloo has 3500 employers worldwide hiring their students for employment directly related to their field of study.

Faculty of Math students from the University of Waterloo earn on average between $52,000Cdn and $83,000Cdn during a possible six 4-month work terms.

Over 25% of Waterloo’s undergraduate students in the Faculty of Mathematics

University of Waterloo

University of Waterloo

are international students – they have over 1650 international students from 96
different countries in the Faculty of Mathematics alone!

University of Waterloo graduates are in demand. More than 26,000 University of Waterloo BMath and BCS graduates are working today in 97 countries worldwide.

Graduates of UW are eligible to stay in Canada for three years of full-time
employment upon completion of degree studies. 30% of Waterloo’s graduates will pursue post-graduate studies or obtain other degrees or designations.

Subjects Taken at HELP University for the Actuarial Science ADP to the University of Waterloo

  • University of Waterloo

    University of Waterloo

    MA123 Calculus I

  • MA124 Calculus II
  • MA125 Statistics
  • MA220 Introduction to Linear Algebra
  • MA240 Differential Equations
  • MA250 Probability
  • AC201 Accounting I
  • AC202 Accounting II
  • EC101 Introductory Microeconomics
  • EC102 Introductory Macroeconomics
  • Free Elective I
  • Free Elective II

Admission to the University of Waterloo, Canada through HELP University’s ADP Programme.

Admissions consideration for full-time regular studies in the Faculty of

"EduSpiral provided me with all the necessary information to assist in my smooth transfer into HELP University." Eddy Soo, Business degree

“EduSpiral provided me with all the necessary information to assist in my smooth transfer into HELP University.”
Eddy Soo, Business degree

Mathematics at the University of Waterloo (UW)  will be given to current HELP University students with a grade point average of at least 3.0 and a grade point average of at least 3.7 in their math courses.

Admission consideration for full-time co-op studies requires students to
have a grade point average of 3.7 and a grade point average of 3.7 in their math courses. Limited enrollment programs may have additional requirements.

  • Students must complete at least ONE full year at HELP University College prior to attending the University of Waterloo.
  • Admissions for regular studies, students must attain a Grade Point Average (GPA) of at least 3.0 and a GPA of at least 3.7 in their mathematics courses
  • Admissions for co-op studies, students must attain a GPA of at least 3.7 and a GPA of at least 3.7 in their mathematics courses.

English Language Requirements

You are required to provide an English proficiency test score if your first language is not English and your 4 most recent years of full-time education have NOT been in an English-language school system.

Cost of studying in the University of Waterloo, Canada

University of Waterloo Carl Pollock Hall Outside Seating area

University of Waterloo Carl Pollock Hall Outside Seating area

Estimate for one year (two academic terms) in Canadian dollars

  • $23,000 Tuition and incidental fees  (including health insurance)
  • $8,000 On-campus residence (including meal plan)
  • $2,000 Textbooks and supplies
  • $2,500 Misc. expenses and other costs
  • Estimated total cost for two terms: $35,500

 

 

 

About the University of Waterloo, Canada

This 53-year-old university inhabits a neighbourhood known as the “Silicon Valley

University of Waterloo

University of Waterloo

of the North”. The first North American university to create a Faculty of Mathematics, it comprises 2,250 staff responsible for around 28,000 students.

Located in Waterloo, Ontario, Canada. The main campus is located on 404 hectares (1,000 acres) of land in Uptown Waterloo, adjacent to Waterloo Park. Waterloo is a member of the U15, a group of research-intensive universities in Canada.

World Rankings for the University of Waterloo, Canada

  • In the Times Higher Education World University Rankings 2013, the University of Waterloo is ranked in the Top 226-250 universities in the
    Quantum Nano Center, University of Waterloo

    Quantum Nano Center, University of Waterloo

    world.

  • The university is also ranked 151-200th in the 2012 Academic Ranking of World Universities, and 180th in the 2013 QS World University Rankings.
  • The US News ranks Waterloo, 191st overall.

The inaugural 2014 US News & World Report Best Global Universities Ranking shows Waterloo Computer Science at #1 in Canada and 18th globally.

In Mathematics, Waterloo ranks 4th in Canada and 86th globally.

For 21 years in a row, Waterloo has been named the most innovative university in the Maclean’s reputational survey of Canadian universities.

In terms of national rankings, Maclean’s ranked Waterloo 3rd in their 2011 comprehensive university rankings. In an employability survey published by the New York Times in October 2011, when CEOs and chairmans were asked to

Quantum Nano Center, University of Waterloo

Quantum Nano Center, University of Waterloo

select the top universities which they recruited from, Waterloo placed 106th in the world, and sixth in Canada.

Several of Waterloo’s programs have also gained recognition nationally and internationally.

In the field of statistics and operational research, the university was ranked 32nd in the world, and first in the country by the QS World University Rankings.

The same rankings had also placed the university 29th in the world, and second in Canada in the field of mathematics.

Waterloo has been ranked Canada’s #1 comprehensive research university in the annual Canada Top 50 Research Universities survey. This means that Waterloo is one of the best places in the country for learning about leading-edge discoveries

Student Life Centre at University of Waterloo

Student Life Centre at University of Waterloo

directly from the people who are making them – your professors.

In the The Globe and Mail‘s 2013 survey, current Waterloo students

  • Rank us #1 for career preparation among Canada’s large universities
  • Give us a grade of A+ for reputation among employers
  • Give us a grade of A for co-op/internships
  • Give us a grade of A- for information technology
  • Give us a grade of A- quality of teaching and learning

Co-operative education at Waterloo

  • First school in Canada to adopt the co-op education model in 1957 when the university opened.
  • More than 18,400 students enrolled in 140 accredited co-op programs
  • $225.2 million: Total earnings by students on co-op, 2013/14
  • World-wide network of more than 5,200 regularly hiring employers
  • 97 per cent co-op employment rate 2013/2014
  • Six months after graduation, 92 per cent of co-op students are employed in a field related to their area of study. (Ontario average is 73 per cent.)
  • Two years after graduating, 77 per cent of co-op students earn more than $50,000. (Ontario average is 40 per cent.)

Department of Statistics and Actuarial Science at the University of Waterloo

The Department of Statistics and Actuarial Science is among the top academic

university of waterloo Department of Statistics and Actuarial Science

university of waterloo Department of Statistics and Actuarial Science

units for statistical and actuarial science in the world and is home to more than 40 research active full-time faculty working in diverse and exciting areas.

The University of Waterloo’s Faculty of Mathematics has the largest concentration of mathematical and computer science talent in the world.

Perhaps the best testimony to Waterloo’s standing and exceptional reputation is the quality and many achievements of the Faculty’s teachers, researchers, alumni and students.

With more than 7,500 graduate and undergraduate students, 200 full-time professors, and 500 courses in mathematics, statistics and computer science, the Faculty is a powerhouse of discovery and innovation.

They offer Bachelor’s, Master’s and Doctoral programs in Statistics & Actuarial Science and numerous joint programs with other departments.

The Department offers a vibrant research environment for a wide range of areas including foundations of statistics, analysis of longitudinal and life history data, computational inference, finance, risk management, ruin theory, survey methods, industrial statistics, and interdisciplinary collaborative work.

William M. Tatham Centre for Co-operative Education & Career Services

William M. Tatham Centre for Co-operative Education & Career Services

The Department benefits from close relationships with several research groups on campus including WATRISQ, the Business and Industrial Research Group, the PROPEL Centre for Population Health Impact, the Centre for Computational Mathematics in Industry and Commerce, the Survey Research Centre, and many others.

The Statistics and Actuarial Science department is one of the largest in North America with over 40 faculty, 900 undergraduate students and 150 graduate students in programs including Actuarial Science, Biostatistics, Quantitative Finance, Statistics, and Statistics-Computing.

For the pathway after the degree to become a professional actuaries via Society of Actuaries, please go to this link.

Students who choose to study the Actuarial Science ADP at HELP University will be well prepared to enter the degree programme at the University of Waterloo, Canada, acknowledged to be one of the best in the world for actuarial science.

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