Category Archives: Best University for Actuarial Science in Malaysia

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

Find Out About the Best Actuarial Science Degree Programmes in Malaysia

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The path to becoming an actuary in Malaysia for students after 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 Asia Pacific University (APU), Heriot-Watt University Malaysia, UCSI University and  Taylor’s University.

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The Best Universities in Malaysia to Study Actuarial Science

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
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

The Actuarial Science degree programme has a heavy mathematical and statistical component. The first step after SPM or O-Levels, students will need to consider a private university in Malaysia that has a solid Actuarial Science degree programme that will help you prepare well for the professional papers.

Students should have excellent overall results including Maths in order to tackle the academic rigours of the actuarial science programme.

After completing your degree, you can continue on to two of the more popular professional papers in Malaysia which are the Society of Actuaries (SoA) USA and the Institute and Faculty of Actuaries (IFoA) (UK).

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.

In addition, the Actuarial Science degree at Asia Pacific University (APU)  has been awarded full accreditation from the IFoA (UK). APU is among the 7 universities in Asia to receive such worldwide recognition.

APU graduates who perform to the required standard can be eligible for exemption from CS1, CS2, CM1, CM2, CB1 and CB2. This is a 6-paper exemption out of 7 papers of the Core Principles Professional Papers for the new IFoA Curriculum 2019, which is the maximum paper exemptions.

In addition, the university has competent teaching staff with professional or specialized academic qualification, possessing working experience from actuarial industries/academia.

APU’s Actuarial Science course syllabus is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US).

Heriot-Watt University Malaysia’s team of leading academics is internationally recognised for research, scholarship and teaching in mathematical and actuarial sciences. The Actuarial Science degree at Heriot-Watt University Malaysia receives the same exemptions from the VEE papers from SOA.

HWUM Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.

Good performance in examinations means exemptions from all Core Technical subjects, CT1 to CT8, of the UK Institute and Faculty of Actuaries (IFoA) which can be converted to CS1 and 2, CM1 and 2 and CB1 and 2 under the new system of examinations, giving prospective actuaries an advantage over those in other mathematics programmes.

The degree is accredited by the Royal Statistical Society.

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.

Furthermore, students can consider studying the BSc (Hons) Actuarial Science at affordable and top ranked UCSI University. Many of UCSI’s students have completed 3 to 5 professional papers of the SOA during Year 2 and 3 of the Actuarial Science degree which reflects on the strength of their lecturers and curriculum.

UCSI University is one of the pioneers for actuarial science in Malaysia and offers a top rated actuarial science degree that’s affordable.

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.

What you Will Study in Actuarial Science in Malaysia

Actuarial Science, Heriot-Watt University Malaysia
My father wanted me to study at the best university for actuarial science & I wasn’t sure about my results. EduSpiral met up with us, explained about the course and university.
Min En, Actuarial Science, Heriot-Watt University Malaysia

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, Pre-U, STPM, A-Levels or UEC with excellent results 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.

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.

Being an actuary also requires you to master several computer programming languages such as Microsoft Excel, Microsoft Visual Basic, Microsoft Visual FoxPro, R 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.

What is the Education Pathway into the Actuarial Science Degree in Malaysia?

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

Actuarial Science at Asia Pacific University (APU)
I wasn’t sure of which university to join for actuarial science. EduSpiral shared with me about the scholarship and actuarial pathways clearly which helped me to decide.
Wei Zhe, Actuarial Science at Asia Pacific University (APU)

The Actuarial Science degree at Asia Pacific University (APU)  has been awarded full accreditation from the IFoA (UK). APU is among the 7 universities in Asia to receive such worldwide recognition.

APU graduates who perform to the required standard can be eligible for exemption from CS1, CS2, CM1, CM2, CB1 and CB2. This is a 6-paper exemption out of 7 papers of the Core Principles Professional Papers for the new IFoA Curriculum 2019, which is the maximum paper exemptions.

In addition, the university has competent teaching staff with professional or specialized academic qualification, possessing working experience from actuarial industries/academia.

APU’s Actuarial Science course syllabus is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US).

At Asia Pacific University, Bachelor of Science (Hons) Actuarial Studies students will also receive credits for all the 3 Validated by Educational Experience (VEE) papers from SOA as long as they receive a minimum mark of 70% in the APU equivalent papers.

After completing the Foundation in Business & Management, students will enter the BSc. (Hons) in Actuarial Studies at APU. The actuarial science degree programme at Asia Pacific University (APU) is specifically designed to provide:

  • The necessary knowledge and skills to provide advice to institutions like insurance or reinsurance companies, pensions funds and financial and investment institutions. The skills acquired by actuaries are not confined to the financial sector but are also transferable to any organisation that has to deal with risk and make financial sense of the future.
  • Opportunities to adapt to Insurance-related industries by providing them with assignments to mimic the actual decision making process and broad-based information pertaining to the industries.
  • Opportunities to develop their skills to solve a problem and model a solution using specialized statistical and actuarial methods.

What you will study in the Bachelor of Science (Hons) in Actuarial Studies at Asia Pacific University (APU)

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 (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 (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.

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.

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

Actuarial Science, Heriot-Watt University Malaysia
My father wanted me to study at the best university for actuarial science & I wasn’t sure about my results. EduSpiral met up with us, explained about the course and university.
Min En, Actuarial Science, Heriot-Watt University 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. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.

Teaching and Assessment

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.

Accreditation

Good performance in examinations means exemptions from all Core Technical subjects, CT1 to CT8, of the UK Institute and Faculty of Actuaries (IFoA) which can be converted to CS1 and 2, CM1 and 2 and CB1 and 2 under the new system of examinations, giving prospective actuaries an advantage over those in other mathematics programmes.

The degree is accredited by the Royal Statistical Society.

The Best Actuarial Science Degree Programme 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

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.

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.

As testament to UCSI University’s efforts, they have students who passed three to five preliminary exams during their degree studies when they were still in their second year. This is a remarkable feat.

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

Foundation in Business into Finance at Taylor's University
My dream was to study at Taylor’s University and with the Taylor’s Excellence Award that EduSpiral shared with me, I am able to achieve it.
Chun Tim, Foundation in Business into Finance at Taylor’s University

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.

Top Actuarial Science Degree with VEE Exemptions SOA at the Best 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

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.

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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 Foundation, 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.

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)

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

"EduSpiral provided a lot of research and insights into actuarial science to help me choose my university." Chee Wey, scholarship student at Asia Pacific University
“EduSpiral provided a lot of research and insights into actuarial science to help me choose my university.”
Chee Wey, scholarship student at Asia Pacific University

provide students with knowledge and skills to enter the actuarial profession but also prepare them for the professional examinations that will lead them to a qualified actuary.

During their undergraduate studies, students can attempt the examinations conducted by professional bodies such as Society of Actuaries (SOA) or Institute and Faculty of Actuaries (IFoA) and upon graduation, they can embark on careers as an actuarial assistant.

In Asia Pacific University, students will also receive credits for all the 3 Validated by Educational Experience (VEE) papers from SOA as long as they receive a minimum mark of 70% in the APU equivalent papers.

While working, they continue to sit and pass the remaining professional exams, eventually becoming qualified actuaries in their chosen specialisation in various areas such as Corporate Finance and Enterprise Risk management, Individual Life and Annuities, Group and health Insurance, Retirement Benefits, Quantitative Finance and Investment, and General Insurance.

APU graduates will also acquire the essential leadership qualities, work in teams, communication skills, problem solving abilities, critical thinking, as well as entrepreneurial and managerial skills that will enable them to face the challenging and exciting world today.

Actuaries usually work primarily for the insurance industry. They are also highly sought after by other sectors such as private corporations, banks, financial institutions and investment firms, brokerages and even government department such as Bank Negara also requires actuaries in risk management and financial consulting services.

APIIT & APU had continuously wins awards for excellence in education, research and development and for the achievements of their students. Students interested to register at APU may go to this link.

Year 1 Subjects for the 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.

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).

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 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 theBachelor 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

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.

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

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.

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Best University in Malaysia for the BSc. (Hons) Actuarial Science & Finance Degree at UCSI University

Study Actuarial Science & Finance at the Top Ranked UCSI University in Malaysia

Written by EduSpiral Consultant Services For more information contact 01111408838

Students after SPM, O-Levels, UEC, STPM, Foundation or Pre-University wanting to pursue the Actuarial Science & Finance degree course in a university with full campus facilities in Kuala Lumpur can consider the top ranked UCSI University. With more than 28 years of education experience, UCSI University provides an affordable actuarial science & finance degree programme in Malaysia supported by excellent facilities. UCSI students will enjoy the wide range of sports facilities as well as interact with students from more than 80 countries.

Students after SPM or O-Levels interested to register at UCSI University for Foundation in Arts may go to this link for the online application. Students after STPM, UEC, A-Levels, Foundation or Pre-University may enter directly into the Bachelor of Science (Hons) Actuarial Science & Finance at UCSI University with the relevant results.

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. 

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As the financial market is getting more volatile these days, enterprise risk management becomes an essential component of big corporations.

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
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

To furnish the demand for personnel of this profession, UCSI University developed the BSc (Hons) Actuarial Science & Finance.

The objective of the Actuarial & Finance degree programme at UCSI is to produce graduate competent in knowledge and skills for financial investment management, assets valuation and risk management for various financial assets such as equities, bond, FOREX, commodities and derivatives.

The Bachelor of Science (Hons) Actuarial Science and Finance degree programme at UCSI University exposes students to both theoretical and practical approaches to investment analysis, security analysis, and portfolio and risk management.

In addition, the programme also provides comprehensive study of money markets, financial instruments, financial planning, banking and corporate financial management, the essential working knowledge for executives in the financial industry in Malaysia.

 

Assessments for the Bachelor of Science (Hons) Actuarial Science and Finance at UCSI University

The assessment includes a combination of examinations, projects and assignments, and finally a requirement to complete a Financial Research 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.

Why Choose the Bachelor of Science (Hons) Actuarial Science and Finance Programme at UCSI University?

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
  • UCSI is the first University in Malaysia to offer the Actuarial Science and Finance degree programme
  • Students have the option to choose the major (Pure Actuarial Science or Actuarial Science and Finance after year 1 as Year 1 course for both programmes are identical)
  • The student can choose either the Actuary Professional Qualification or Finance Professional Qualification (i.e. SOA / CFA)
  • More career options for the student when they enter into the job market
  • Higher demand by employers as the students are equipped with Actuary Skills and Financial Knowledge.

Career Opportunities in Malaysia for the Graduates of the Bachelor of Science (Hons) Actuarial Science and Finance

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

The actuarial science & finance degree programme prepares students for exciting careers in the corporate sector, insurance sectors, risk management, financial industry, government agencies, and for graduate studies in finance and investment. Examples of career options include:

  • Actuary
  • Risk manager
  • Investment Analyst
  • Credit Manager
  • Financial Analyst
  • Treasurer
  • Fund Manager
  • Credit Analyst
  • Financial Planner
  • Investment Broker
  • Investment Banker
  • Financial Trader

 Subjects for the Bachelor of Science (Hons) Actuarial Science and Finance at UCSI University

Year 1
  • Mathematics 1
  • Statistics
  • Managerial Accounting
  • Financial Management 1
  • Mathematics 2
  • Applied Probability
  • Applied Statistical Models
  • Mathematics of Interest Rates
  • Microeconomics
  • Business Accounting
  • Financial Markets & Inst.
  • Business Communications
  • University Life (MPU-U2)
  • Extracurricular Learning Experience 1 (MPU-U4)
  • Co-operative Placement 1
Year 2
  • Introduction to Stochastic Process
  • Equity Analysis
  • Mathematics of Financial Derivatives
  • Loss Models
  • Treasury Management
  • Stat. Simulation for Fin. Modelling
  • Financial Management 2
  • Macroeconomics
  • Business Modeling with Spreadsheet
  • Financial Statement & Analysis
  • Elective 1
  • Elective 2
  • Business Law- Malaysian Perspective (MPU-U3)
  • Extracurricular Learning Experience 2 (MPU-U4)
  • Co-operative Placement 2
Year 3
  • Stochastic Calculus for Ins. & Fin.
  • Credibility Theory
  • Actuarial Practices
  • Independent Project 1
  • Independent Project 2
  • Investment Analysis
  • Extracurricular Learning Experience 3 (MPU-U4)
  • Co-operative Placement 3
Elective 1**
  • Life Contingencies I
  • Introduction to Islamic Banking and Fin.
  • Corporate Finance
Elective 2**
  • Life Contingencies 2
  • Multinational Finance
  • Islamic Fin. Market & Inst.

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.

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.

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 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.

State-of-the-Art Facilities at UCSI University

Situated on a 19-acre piece of land, the Campus is located in Cheras, Kuala Lumpur with convenient access

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

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)

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 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 choices for students to choose from.

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

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. 

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Study the Best University in Malaysia for Actuarial Science Degree at UCSI University with Exemptions from the Society of Actuaries (SOA) Papers

 Top Private University in Malaysia for the Bachelor of Science (Hons) Actuarial Science at UCSI University with Exemptions from the Society of Actuaries (SOA) USA

Written by EduSpiral Consultant Services For more information contact 01111408838

Students after SPM, O-Levels, UEC, STPM, Foundation or Pre-University wanting to pursue the Actuarial Science degree course in a university with full campus facilities in Kuala Lumpur can consider the top ranked UCSI University. With more than 28 years of education experience, UCSI University provides an affordable actuarial science programme supported by excellent facilities. Students will enjoy the wide range of sports facilities as well as interact with students from more than 80 countries.

Students after SPM or O-Levels interested to register at UCSI University for Foundation in Arts may go to this link for the online application. Students after STPM, UEC, A-Levels, Foundation or Pre-University may enter directly into the Bachelor of Science (Hons) Actuarial Science at UCSI University with the relevant results.

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. 

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Pathway to Becme a Professional Actuaries in Malaysia

The journey to become a qualified actuary as outlined by the Society of Actuaries (SOA) – one of the most prominent

Dr Toh Kian Kok, Actuarial Science professor at UCSI University
Dr Toh Kian Kok, Actuarial Science professor at UCSI University

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).

 

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.

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.

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).

The Best Actuarial Science Degree Programme at UCSI University

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

Actuaries in Malaysia are professionals dealing with the financial impact of risk and uncertainty.

Actuaries use their skills in mathematics, economic, computer science, finance, probability and statistics, and business to assess the likelihood of occurrence of certain risky events formulate policies that minimize the cost of these risks.

As such, actuaries are essential to the insurance and reinsurance industry in Malaysia. In addition, they can be consultants to other businesses, including sponsors of pension plans; and to government agencies such as Bank Negara Malaysia.

The 3-year BSc (Hons) Actuarial Science programme at UCSI University provides a solid grounding in mathematics, accounting, finance and statistic to integrate theories with actual experience and build a foundation for students to pursuit professional career in the financial risk management industry.

Students at UCSI University will be furnished with the essential leadership qualities, communication skills, problem-solving abilities, critical thinking, as well as entrepreneurial and managerial skills that will enable them to face the challenging yet exciting world, where risks can be turned into opportunities.

Assessments of the Bachelor of Science (Hons) Actuarial Science at UCSI University

The assessment includes a combination of examinations, projects and assignments, and finally a requirement to complete a dissertation in Independent Project in the final year. Students will acquire up-to-date vocational skills that are relevant and competitive. This reflects the complex and challenging nature of the accounting, finance and business realms.

Year 1 Subjects for the Bachelor of Science (Hons) Actuarial Science Degree at UCSI University

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

  • 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
    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

    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).

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

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 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

Excellent job prospects for finance graduates in Malaysia

Computer lab at UCSI University
Computer lab at UCSI University

All this is done to help students secure their career prospects in a time when both the economic and job markets are uncertain.

Dr Toh sums it up, “The global economy is changing. The field of finance has never been more important and our new offerings were designed to provide students with a professional and personal edge to help them excel.”

Where can Actuarial Science and Finance graduates work in Malaysia?

Positions – Actuarial Executive, Portfolio Management Manager, Sales Planning and Analytics Officer, Campaign Management Analyst, Data Analyst, Pricing Analyst, Manager, Independent Compliance Review, Risk Management Executive, Marketing Development Fund Analyst, Trade & Promotion Analyst, Incentive Management Analyst, etc

Insurance – Prudential Assurance Malaysia, Sun Life Assurance, Hong Leong Assurance, Prudential BSN Takaful, Zurich Insurance Malaysia, AIA, Etiqa, ING, MCIS Zurich, AXA AFFIN Life, Manulife, Tokio Marine Life, Uni.Asia Life Assurance, Great Eastern, AM Life, AIG, Berjaya Sompo, MSIG, Kurnia, Lonpac, Danajamin, Pacific Insurance, Pacific & Orient Assurance, RHB

Bank Negara Malaysia
Bank Negara Malaysia

Insurance, Tune Insurance, UniAsia General, Overseas Assurance Corporation, Progressive, QBE, MAA, etc

Financial & Investment Institutions – Bank Negara, Bursa Malaysia, Securities Commission Malaysia, AFFIN Investment, ECM Libra, HwangDBS, Hong Leong Investment, Kenanga Investment Bank, KAF Investment Bank, CIMB Investment

Bank, AMInvestment Bank, Alliance Investment Bank, OSK Investment, MIDF Amanah Investment, Public Investment Bank, RHB Investment Bank, CIMB Investment, etc

Banks – Public, AmBank, Citibank, Hong Leong, HSBC, Maybank, RHB, CIMB, AFFIN, Alliance, Deutsche Bank, J.P. Morgan Chase Bank Berhad, Mizuho Bank (Malaysia), OCBC, Standard Chartered, UOB, The Royal Bank of Scotland, The Bank of Nova Scotia, etc.

Islamic Banks -Al Rajhi Banking & Investment Corporation, Alkhair International Islamic Bank, Deutsche Bank Aktiengesellschaft, Affin Islamic Bank, Al Rajhi Banking & Investment Corporation, Alliance Islamic Bank, AmIslamic Bank, Bank Islam Malaysia, Bank Muamalat Malaysia, CIMB Islamic Bank, HSBC

PwC-Pricewaterhouse
PwC-Pricewaterhouse

Amanah Malaysia, Hong Leong Islamic Bank, Kuwait Finance House, Maybank Islamic, OCBC Al-Amin Bank, Public Islamic Bank, RHB Islamic Bank, Standard Chartered Saadiq, etc

Accounting & Auditing firms – Ernst & Young, PricewaterhouseCoopers, Deloitte, KPMG, Baker Tilly Monteiro Heng, Moore Stephens AC, Steven Chin & Co, BDO, Grant Thornton, RSM, Mazars, Crowe Horwarth International, DFK International, Halim & Lee, Begbies Traynor, etc

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.

A winning combination UCSI University’s Faculty of Business & Information Science (FOBIS) has carefully designed a range of programmes combining finance with traditional in demand degree offerings.

Unique among private universities, its programmes are the:

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.

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