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Course Overview

This programme is specifically designed to provide students with:

• A course of study in Actuarial Science with a specialism in Data Analytics which has been awarded full accreditation by the IFoA (UK).
• Competent teaching staff with professional or specialised academic qualification, possessing working experience from actuarial industries/ academia.
• Course syllabus which is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US).
• Comprehensive guidance to mould graduates to be industry-ready.

Achievement

APU-DMU Dual Degree Scheme

Curriculum

LEVEL 1

Equipping students with essential fundamentals of Mathematics, Statistics, Economics and Finance starts at Level 1. To complement the core knowledge, the students will also learn Business, Communication, and IT skills, before progressing to the Level 2 of Actuarial Science study.

Modules

• Probability Models
• Linear Algebra
• Business and Communication Skills
• Calculus
• Calculus II
• Financial Accounting
• Microeconomics
• Macroeconomics
• Introduction to R Programming
• Statistics

LEVEL 2

The core knowledge of Mathematics and Statistics now act as engine to drive the complex models of Economics and Finance in the actuarial industries. Those core knowledge are integrated to form actuarial tools and infrastructure, ready to be used for planning and managing purposes. Students will receive exposure and coaching which are actuarial centric, targeting at industrial applications. They are gradually groomed to be more independent in their study and research efforts.

In addition to the common modules for actuarial studies, students will also take two specialism modules (Programming for Data Analytics and Operational Research and Analytics) to gain exclusive exposure to data analytics.

Modules

• Advanced Probability Models
• Predictive Analytics
• Financial Mathematics
• Regression Analysis
• Financial Economics
• Business Research Methods
• Financial Management
• Business Ethics & Governance
• Mathematics of Financial Derivatives
• Stochastic Processes

Specialised Modules

• Programming for Data Analytics
• Operational Research and Analytics

INTERNSHIP (16 WEEKS)

Students will undertake an Internship/Industrial Training for a minimum period of 16 weeks to prepare them for a smooth transition from the classroom to the working environment.

LEVEL 3

The students are now ready to merge their knowledge and industrial experience to forge ahead and put into action their acquired skills in planning, managing and analysing risk. At this level, emphasis is placed on evaluating financial performance of businesses from actuary’s perspectives. Students will have the opportunity to understand the critical roles played by actuaries, for example, in the development and pricing of insurance products. Risk Management, Actuarial Modeling and Ratemaking are some of a wide repertoire of skills to be used.

In addition to the common modules for actuarial studies, students will also take two specialism modules (Behavioural Science & Marketing Analytics and Advanced Predictive Analytics) to gain further knowledge and skills for data analytics.

Modules

• Asset and Liability Valuations
• Life Contingencies
• Corporate Finance
• Risk Theory
• Investigation in Actuarial Studies
• Option and Bond Valuations
• Survival Analysis
• Life Contingencies 2
• Project in Actuarial Studies

Specialised Modules

• Behavioural Science & Marketing Analytics
• Advanced Predictive Analytics

Note: The specialism will only appear in the academic transcript.

MQA Compulsory Subjects*

• Appreciation of Ethics and Civilisation (M’sian Students)
• Malay Communication Language (Int’l Students)
• Philosophy and Current Issues
• Workplace Professional Skills
• Integrity and Anti-corruption
• Co-Curriculum

(*All students are required to successfully complete these modules as stipulated by the Malaysian Qualification Agency)

Entry Requirements

Any qualification that APU accepts as equivalent to the above.

ENGLISH REQUIREMENTS

International Students

Please note that under Ministry of Higher Education regulations, only students who have achieved the minimum requirement in the English Language proficiency assessment as indicated above will be allowed to continue their studies in the main study programme. 

Students who do not have the required English Language achievement may apply for a student visa on conditional basis and are allowed to enrol in an English Language Certification programme at APU upon arrival in Malaysia and, subsequently, appear for the IELTS/TOEFL/PTE/MUET assessment.

Students who are unable to obtain the required level of English Competency during the maximum 12 months’ period, will not be allowed to pursue their studies in the main programme and will have to return to their home country.

Students from English speaking countries and those with qualifications taught in English (IGCSE, A-Levels, IB, American High School Diploma etc) are exempted from English requirements. Applications for exemption must be accompanied by supporting documents.

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

The qualification and entry requirements for the programmes will be determined based on the "" published by Malaysian Qualifications Agency (MQA).

Career Prospects

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