Master of Science in Actuarial Science
Welcome to our course overview. Dive into the details to explore!
Course Overview
Qualification: Master
Study Mode: Full Time
Intakes: January, May, August, December
Duration: 1 Year
Tuition Fee: RM 38,800
English Requirement: IELTS : 5.0
Course Details
What you will be learning:
This programme is specifically designed to provide:
- Coverage of and potential exemptions from 7 professional exams (CS1, CS2, CM1, CM2, CP1, CP2 and CP3) offered by the IFOA (UK).
- Course syllabus which covers not only traditional actuarial practice but also advanced data analytics.
- Competent teaching staff with professional or specialised academic qualification, possessing work experience from actuarial industries/academia.
- Comprehensive guidance to mould graduates to be industry-ready.
- The Benefits of the Programme
- APU is the first 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.
Dual Degree Programme
Students who are under Bachelor’s Degree Programme will have the option to opt-in for the APU-DMU Dual Degree Scheme. Under this Scheme, students will receive 2 Degree Certificates & Transcripts upon graduation: 1 from Asia Pacific University (APU), Malaysia and 1 from De Montfort University (DMU), UK.
Admission requirements :
please contact our educational consultants or submit your application for Admission assessment.
Fee Structure
| Fee Type | Amount (MYR) |
|---|---|
| 1st Year Fee | RM 38,800 |
| Deposit (Refundable) | RM 1,500 |
| International Student Admission Fee | RM 5,800 |
| Visa and Insurance Fee | RM 2,550 |
Curriculum
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.