Outstanding Private Universities in Malaysia for Actuarial Science Degree Courses
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To earn an actuarial credential in Malaysia, students must complete a series of actuarial examinations, e-Learning components and other requirements through an actuarial membership organization such as the Institute and Faculty of Actuaries (FIA), UK or the Society of Actuaries (SOA).
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.
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.
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The Best Universities in Malaysia to Study Actuarial Science
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.
Top Ranked UK Degree in Actuarial Science at the 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.
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
- Probability and Statistics
- Actuarial and Financial Mathematics
- Linear Algebra
- Multivariate Calculus and Real Analysis
- Finance and Financial Reporting
- Practical work
Second Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia
- Life Insurance Mathematics
- Statistical Models
- Stochastic Processes
- Portfolio Theory and Asset Models
- Survival Models
- Derivative Markets
- Discrete-time Finance
- Project work
Third Year Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia
- Risk Theory
- Financial Risk Management
- Pension Funds
- Life Office Practice
- Time Series
- Bayesian Inference
- Electives in mathematics and economics
Accreditation of the Actuarial Science Programme at Heriot-Watt University Malaysia
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
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
- 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)
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
- 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)
Asia Pacific University’s BSc (Hons) in Actuarial Studies is a 3 years degree programme of full-time study. The actuarial studies degree programme at APU is designed not only to provide students with knowledge and skills to enter the actuarial profession but also prepare them for the professional examinations that will lead them to a qualified actuary.
During their undergraduate studies, students can attempt the examinations conducted by professional bodies such as Society of Actuaries (SOA) or Institute and Faculty of Actuaries (IFoA) and upon graduation, they can embark on careers as an actuarial assistant.
In Asia Pacific University, students will also receive credits for all the 3 Validated by Educational Experience (VEE) papers from SOA as long as they receive a minimum mark of 70% in the APU equivalent papers.
While working, they continue to sit and pass the remaining professional exams, eventually becoming qualified actuaries in their chosen specialisation in various areas such as Corporate Finance and Enterprise Risk management, Individual Life and Annuities, Group and health Insurance, Retirement Benefits, Quantitative Finance and Investment, and General Insurance.
APU graduates will also acquire the essential leadership qualities, work in teams, communication skills, problem solving abilities, critical thinking, as well as entrepreneurial and managerial skills that will enable them to face the challenging and exciting world today.
Actuaries usually work primarily for the insurance industry. They are also highly sought after by other sectors such as private corporations, banks, financial institutions and investment firms, brokerages and even government department such as Bank Negara also requires actuaries in risk management and financial consulting services.
Year 1 Subjects for the UK Dual Award BSc (Hons) in Actuarial Studies at Asia Pacific University
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.
- Business and Communication Skills
- Business Economics
- 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
- 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.
The modules offered will cover techniques for the analysis of results from experiments and surveys where students will be doing modules like Regression Analysis, Time Series & Forecasting, Life Contingencies as well as Linear Programming.
Modules such as Financial Mathematics, Financial Planning & Control, Financial Statement Analysis and Financial management will allow students to explore finance in greater depths, both at the planning and management aspect.
The Financial Economics module will introduce students to the necessary skills to
construct asset liability models and to value financial derivatives whereas Life Contingencies module will provide students with a grounding in the mathematical techniques which can be used to model and value cashflows dependent on death, survival, or other uncertain risks.
Ethics & Corporate Governance will also be taught in this level to provide students with relevant knowledge, skills and professional judgment in which companies are directed and controlled.
Students may opt to undergo an optional period of practical training of about 3 months after the second level of study, which
would enable students to experience the culture and ethos of a working environment and formal employment.
Students will benefit from seeing how the skills and knowledge acquired are applied in a practical setting.
- 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
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.
- 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
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
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
- Mathematics 1
- Elective 1
- Managerial Accounting
- Mathematics 2
- Applied Probability
- Mathematics of Interest Rates
- Mathematics of Financial Derivatives
- Business Accounting
- Elective 2
- Elective 3
- University Life (MPU-U2)
- Extracurricular Learning Experience 1 (MPU-U4)
- Co-operative Placement 1
Year 2 Subjects for the Bachelor of Science (Hons) Actuarial Science Degree at UCSI University
- Applied Statistical Models
- Life Contingencies 1
- Financial Management 1
- Intro to Stochastic Process
- Life Contingencies 2
- Loss Models
- Stat. Simulation for Fin. Modelling
- Elective 4
- Elective 5
- Business Law- Malaysian Perspective (MPU-U3)
- Extracurricular Learning Experience 2 (MPU-U4)
- Co-operative Placement 2
Year 3 Subjects for the Bachelor of Science (Hons) Actuarial Science Degree at UCSI University
- Independent Project 1
- Stochastic Calculus for Ins. & Fin.
- Stat. Methods for Insurance
- Credibility Theory
- Actuarial Practices
- Elective 6
- Independent Project 2
- Extracurricular Learning Experience 3 (MPU-U4)
- Co-operative Placement 3
List of Electives (choose up to 6)
- Fundamental of Marketing
- Fundamentals of Management
- Introduction to Internet Technologies
- Accounting Information System
- Business Modelling with Spreadsheet
- Business Information System
- Java Programming 1
- Business Law
- Business Communications
- Corporate Finance
- Visual Basic .Net
- Numerical & Computing Method
Top Actuarial Science Degree Programme at UCSI University
As testament to UCSI University’s efforts, they have students who passed three to five preliminary exams when they were still in their second year. This is a remarkable feat.
To obtain the best people for the job, the actuary profession is one of the most
Chan Min Zhuo, Actuarial Science degree student at UCSI University, is one of the few local students who passed three of the five preliminary exams required in 2 years regulated. Chan has now passed all 5 preliminary papers.
One must pass professional examinations and various on-the-job assessments, in addition to obtaining a degree. There are not many universities in Malaysia that offer the degree in Actuarial Science.
Teoh Wei Jing, a UCSI Actuarial Science student from SMJK Jit Sin has completed 5 Society of Actuaries (SOA) Professional Papers before entering into the 3rd Year of his degree studies.
Another student, Chong Kim Sin, a UCSI Actuarial Science student has completed 5 Society of Actuaries (SOA) Professional Papers before entering into the 3rd Year of his degree studies.
There are very few students in the whole of Asia who have passed five SoA examinations before the third year. This makes Chong Kim Sin among Asia’s crème de la crème for actuarial science.
Currently, Chong Kim Sin has passed the Probability (P), Financial Mathematics (FM), Actuarial Models: Financial Economics (MFE), Actuarial Models: Life Contingencies (MLC), as well as the Construction and Evaluation of Actuarial Models (C) examinations.
He now has only two components left before qualifying as an Associate of the Society of Actuaries (ASA); the Fundamentals of Actuarial Practice (FAP) and Associateship Professionalism Course (APC).
Other top UCSI students Xie Chun Xiao, Angie Ng Mei Sean, Christopher Low Jia Iuan, Callie Loh, Hon Li Yen, Ham Khai Chung, Ngew Chee Hong Anthony, Tan Khe Han and Wong Mei Chin have completed 4 preliminary SoA examinations before the third year.
Understanding the profession’s stringent requirements, UCSI University sought the knowledge and experiences of Dr Ngerng Miang Hong and Dr Toh Kian Kok to manage and design its BSc (Hons) Actuarial Science.To study Actuarial Science in Malaysia, students should choose a university that best equips them with the knowledge and skills to succeed in actuaries.
Assoc Prof Dr Toh Kian Kok is also the Deputy Vice-Chancellor, Quality Assurance and Enhancement at UCSI University with a B.Sc. (Actuarial Science), M.Sc. (Applied Mathematical Science), and Ph.D (Statistics)
The result: A course that provides students with a world-class degree in line with the requirements of the Society of Actuaries (SOA) – the largest professional organisation for actuaries in the world. On top of that, the course also grooms students to have the rigorous capacity to ace the professional examinations they are required to sit for.
“Students require only three years of full-time study to prepare them for the professional examinations and on-the-job assessments during the span of their careers,” says Dr Toh, who is the Dean of UCSI University’s Faculty of Business and Information Science.
“It is a heavy responsibility for us as we want to ensure that within their three years with us, we prepare them for the next 30-years or more of their career.”
Award-Winning Business Students at UCSI University
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.
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 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
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
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
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.
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.
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 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
- Mathematics of Finance
- Mathematics Statistics
- Insurance Practices and Takaful
- Fundamentals of Linear Algebra
- Introduction to Accounting
- Introduction to Finance
- MPU 1(a)
- MPU 1(b)
Year 2 Subjects for the Actuarial Studies degree programme at Taylor’s University
- Globalisation and Economics Sustainability
- Enterprise Risk Management
- Advanced Calculus
- Actuarial Mathematics
- 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
Insurance Regulations and Corporate Law
Life Contingencies II
Personal Financial Planning
Life Insurance and Pension Funds
Internship Placement (Short Internship)
|Internship Placement (Long Internship)|
|Year 4 Actuarial Studies Subjects|
|Business Ethics and Values
Insurance Regulations and Corporate Law
Life Contingencies II
Life Insurance and Pension Funds
UK Dual Award from the University of the West of England (UWE), Bristol, U.K.
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
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
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
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.
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