Master of Science in Actuarial Science

This programme provides a comprehensive approach to actuarial science, combining traditional actuarial practice with advanced data analytics, and offers exemptions from 7 professional actuarial exams by the IFOA (UK).

General Requirements

Bachelor’s degree

• Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.75, or its equivalent qualification as accepted by the Senate.
• Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.50 and not meeting a CGPA of 2.75 can be accepted, subject to a rigorous internal assessment.
• Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with CGPA less than 2.50 as accepted by the Senate and a minimum of 5 years of working experience in a relevant field may be accepted.
• Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.75 as accepted by the Senate, subject to passing pre-requisite courses.
• Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.50 as accepted by the Senate and a minimum of 5 years of working experience in a relevant field may be accepted, subject to passing pre-requisite courses.
• Bachelor’s degree in non-related fields with a minimum CGPA of 2.75 and a minimum of 5 years of working experience in the related fields as accepted by the Senate, subject to passing the pre-requisite courses, professional courses, or accredited micro-credentials program.

Note: The above entry requirements may differ for specific programmes based on the latest programme standards published by Malaysian Qualifications Agency (MQA).
 

English Requirements

International Students

• IELTS : 5.0
   

For more information please click HERE

Students from English speaking countries and those with qualifications taught in English (previous Bachelor’s/Master’s Degree taught in English) are exempted from English requirements. Applications for exemption must be accompanied by supporting documents. 

Pre-requisite Modules (for non-actuarial students)
Duration: 1 month (Full-time) / 2 months (Part-time) 

• Introduction to Actuarial Mathematics
• Statistics

Core Modules

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

Elective Modules (Choose 2)*

• Risk Modelling and Survival Analysis II
• Financial Engineering and Loss Reserving II
• Big Data Analytics and Technologies
• Advanced Business Analytics and Visualization

* Elective modules may be pre-selected for students at the beginning of the semester. If students wish to change these pre-selected elective modules, they can choose from the available modules offered in the semester OR among the intensive delivery modules - however such changes may prolong the study duration.

Graduates of this programme can pursue careers in:

• Actuary
• Data Analyst
• Risk Analyst
• Data Scientist
• Financial Analyst
• Investment & Portfolio Manager
• Statistician
• Professor