Master of Science in Actuarial Science | Asia Pacific University (APU)

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Master of Science in Actuarial Science


Duration:
Full time (1 years)
Part time (3 years)
 


Awarded by:
APU, Malaysia


Intakes:
Full Time:
20 Jan 2025 | 12 May 2025 | 
25 Aug 2025 | 15 Dec 2025


Part Time:
10 Jan 2025 | 11 Apr 2025 |
13 Jun 2025 | 15 Aug 2025 |
31 Oct 2025
 

ADMISSION REQUIREMENTS

GENERAL REQUIREMENTS

• Bachelor’s degree in related fields with a minimum CGPA of 2.50, or its equivalent qualification as accepted by the Senate.

• Bachelor’s degree in related fields with a minimum CGPA of 2.00 and not meeting a CGPA of 2.50 can be accepted, subject to a rigorous internal assessment.

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

 
ENGLISH REQUIREMENTS

INTERNATIONAL STUDENTS

• IELTS : 5.0

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.


PROGRAMME OUTLINE

This programme is specifically designed to provide:

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

THE BENEFITS OF THE PROGRAMME

  • APU is the first and the only university in Asia to provide exemptions from CP1, CP2 and CP3 via the Master of Science in Actuarial Science programme.
  • Our MSc programme covers not only traditional actuarial practice but also advanced data analytics, an emerging career option for actuaries.
  • Our MSc graduates who achieve the required standard can be eligible for exemptions from CS1, CS2, CM1, CM2, CP1, CP2 and CP3.
  • Our MSc programme is ideal for individuals who:​
    • Want to enhance their knowledge and skills in actuarial practice and data analytics.
    • Work as actuaries or data scientists.
    • Are pursuing the IFOA/ SOA/ CAS credentials.
    • Want to become university lecturers and/or professors.

MODULES & PROJECT

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

CORE MODULES

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

ELECTIVE MODULES (CHOOSE 2)*

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

PROJECT

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


CAREER OPTIONS

  • Actuary
  • Data Analyst
  • Data Scientist
  • Data Engineer
  • Risk Analyst
  • Financial Analyst
  • Business Analyst
  • Financial Planning Advisor
  • Investment & Portfolio Manager
  • Regulator
  • Statistician
  • Mathematician
  • Professor


COURSE FEES

Malaysian Students

International Students

RM 34,800

RM 38,800 (USD 9,700)

​* Fees stated above do not include Enrolment Fees, Registration Fees and other Miscellaneous Fees. Please refer to Fee Guide for details.


PROFESSIONAL RECOGNITIONS


INSTITUTE AND FACULTY OF ACTUARIES (IFoA) UK


Full IFoA Accreditation

APU's Master of Science in Actuarial Science is fully accredited by the Institute and Faculty of Actuaries (UK).

Our MSc graduates who achieve the required standard can be eligible for exemptions from CS1, CS2, CM1, CM2, CP1, CP2 and CP3.

For more information, please visit: https://actuaries.org.uk/qualify/exam-exemptions/university-courses-with-exemptions-route-a/​

 

(N/0542/7/0002)(07/29)(MQA/PA17434)

All information is correct at the time of publication, but is subject to change in the interest of continuing improvement.

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