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Master of Science in Actuarial Science

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Highlights about course

Program Level

Master's

Duration

1 Year

Tuition Fees

RM38,800

Intake

December, August, January, May

  • About APU

    Why choose APU?

    Malaysia’s Premier Digital Tech University

    Malaysia’s Premier Digital Tech University

    No.1 for International Students in Malaysia (QS World University Ranking 2024)

    No.1 for International Students in Malaysia (QS World University Ranking 2025)

    5-Star Excellence Rating SETARA

    5-Star Excellence Rating (SETARA)

    100% Employability Rate

    100% Employability Rate

    Ranked No.16 for International Students in the World

    Ranked No.16 for International Students in the World

    More than 80,000 Graduates & Alumni

    More than 80,000 Graduates & Alumni
    Requirements

    Entry Requirements

    General Requirements
    Bachelor’s degree
    • Bachelor’s degree in related fields with a minimum CGPA of 2.50, or its equivalent qualification as accepted by the Senate.
    • Bachelor’s degree in related fields with a minimum CGPA of 2.00 and not meeting a CGPA of 2.50 can be accepted, subject to a rigorous internal assessment.
    Note: The above entry requirements may differ for specific programmes based on the latest programme standards published by Malaysian Qualifications Agency (MQA).
    English Requirements
    International Students
    • IELTS : 5.0
    Students from English speaking countries and those with qualifications taught in English (previous Bachelor’s/Master’s Degree taught in English) are exempted from English requirements. Applications for exemption must be accompanied by supporting documents. 
    Programme Outline

    What We Teach

    This programme is specifically designed to provide:

     

    • Coverage of and potential exemptions from 7 professional exams (CS1, CS2, CM1, CM2, CP1, CP2 and CP3) offered by the IFOA (UK).
    • Course syllabus which covers not only traditional actuarial practice but also advanced data analytics.
    • Competent teaching staff with professional or specialised academic qualification, possessing work experience from actuarial industries/academia.
    • Comprehensive guidance to mould graduates to be industry-ready.

    • The Benefits of the Programme

      • APU is the first university in Malaysia to offer Master of Science in Actuarial Science that provides coverage of 7 professional exams (CS1, CS2, CM1, CM2, CP1, CP2 and CP3) offered by the IFOA. In addition, the programme covers not only traditional actuarial practice but also advanced data analytics, an emerging career option for actuaries.
      • This programme is for those who want to enhance their knowledge and skills in actuarial practice and data analytics.
      • This programme is ideal for individuals who:
        •  Work as actuaries or data scientists.
        •  Are pursuing the IFOA/ SOA/ CAS credentials.
        •  Want to become university lecturers and/ or professors.

      Fast track your route to becoming a qualified actuary!

      Master of Science in Actuarial Science -route

      Modules & Project

      This programme comprises 14 coursework modules and a Project. There are 12 compulsory Core Modules and you will have to choose 2 elective modules from those listed.

      Core Modules

      • Data Analytics Programming
      • Actuarial Statistics 1
      • Actuarial Statistics 2
      • Actuarial Mathematics 1
      • Actuarial Mathematics 2
      • Risk Modelling & Survival Analysis 1
      • Financial Engineering & Loss Reserving 1
      • Actuarial Practice 1
      • Actuarial Practice 2
      • Application in Industry Practices
      • Modelling in Actuarial & Analytics
      • Professional Communication
      • Industry-based Project

      Elective Modules (Choose 2)*

      • Risk Modelling & Survival Analysis 2
      • Financial Engineering & Loss Reserving 2
      • Big Data Analytics
      • Advanced Business Analytics & Visualization
      * Elective modules may be pre-selected for students at the beginning of the semester. If students wish to change these pre-selected elective modules, they can choose from the available modules offered in the semester OR among the intensive delivery modules – however such changes may prolong the study duration.

      Project

      You will be expected to demonstrate an ability to plan and undertake a research programme, to undertake a thorough investigation of their chosen area of study, to extend knowledge in relation to their chosen area of study and to defend their work to academic peers. The project report should demonstrate deep understanding of the theories and concepts, and the application of theoretical knowledge to a real world problem for business and industry.

       

  •  

About University

Asia Pacific University (APU)

Malaysia

  • Address: Wilayah Persekutuan Kuala Lumpur, Malaysia
  • Founded in 1993
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Our students love us

Here’s What our students say about us .

I’m Shifa Padhiar, an architecture major student at Arizona State University. I am incredibly grateful to the MSM Unify team for their support throughout the admission process! From shortlisting school to streamlining the essays, this team guided me so well! Thank you for your invaluable assistance and commitment to helping students in their journey. Highly, highly recommended.

Ashik Entaz

Student

I’m Shifa Padhiar, an architecture major student at Arizona State University. I am incredibly grateful to the MSM Unify team for their support throughout the admission process! From shortlisting school to streamlining the essays, this team guided me so well! Thank you for your invaluable assistance and commitment to helping students in their journey. Highly, highly recommended.

Ashik Entaz

Student

I’m Shifa Padhiar, an architecture major student at Arizona State University. I am incredibly grateful to the MSM Unify team for their support throughout the admission process! From shortlisting school to streamlining the essays, this team guided me so well! Thank you for your invaluable assistance and commitment to helping students in their journey. Highly, highly recommended.

Ashik Entaz

Student

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FAQs

What is overseas education?

Overseas education is leaving your home country and going abroad to pursue further education. Through overseas education, you can avail of long-term degree courses as well as short-term certificate courses to learn a language or upskill yourself.

 

If you are aiming to study abroad, identify your career goals, look for relevant courses and universities abroad, know the tuition fees and other expenditures, prepare well for the entrance exams, apply to shortlisted universities, accept the offer letter from the desired university, apply for a student visa and get ready to jet off! 

The best way to study abroad for free is to avail of full-funded scholarships or university grants. The fully-funded scholarships are typically awarded to students who excel in academics or extracurricular activities and cover their tuition fees, travel expenses, accommodation, and other living expenses.  

To get an education loan for studying abroad, you need to have the admission offer letter from the university and fulfill the eligibility criteria for securing the loan. In order to get an education loan at the best rate of interest, seek guidance from a reputed study-abroad consultant. 

Choose to study abroad to leverage better learning opportunities, see the world, meet new people, boost your resume, develop a broader perspective, become culturally competent, and avail yourself of lucrative job opportunities globally. 

Choose to study abroad to leverage better learning opportunities, see the world, meet new people, boost your resume, develop a broader perspective, become culturally competent, and avail yourself of lucrative job opportunities globally. 

The best way to go abroad for studies is to get in touch with reputed study-abroad consultants. They can help you explore courses aligned with your academic interests, guide you in preparing for entrance exams, help you with university and student visa applications, and even provide post-arrival assistance.

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