Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology

Program Overview

Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology

Course Details

• Full Time
• Duration: 3 years
• Intake Date: 17 July 2025, 29 September 2025, 25 November 2025
• Awarding Body: APU, Malaysia

Why choose APU?

• Malaysia’s Premier Digital Tech University
• 5-Star Excellence Rating (SETARA)
• 100% Employability Rate
• Ranked No.16 for International Students in the World
• More than 80,000 Graduates & Alumni

Dual Degree

• APU-DMU 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.

Latest Technologies

• More Than Just An Actuarial Studies Degree
• APU's Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology is designed to provide you an edge with the latest technologies that are in line with the Industrial Revolution 4.0.
• Digital Transformation for IR4.0
• Actuarial Studies with a specialism in Financial Technology Programme comprise modules in Financial Technology (FinTech)

Requirements

• Admission Requirements
• General Requirements
• Direct Entry to Level 1 of the Degree
• STPM: 2 Passes in STPM with a minimum Grade C+ (GP 2.33) and a Credit in Mathematics and a Pass in English at SPM Level or its equivalent.
• A-Level: 2 Passes (Grade A-D) in A-Level in any 2 subjects, and a Credit in Mathematics and a Pass in English at SPM/O-Level/ IGCSE or its equivalent.
• UEC: 5 Grade B's in any subjects in UEC including Mathematics with a Pass in English.
• Matriculation/ Foundation: Passed Foundation programme (minimum CGPA of 2.5) with a Credit in Mathematics and a Pass in English at SPM/O-Level/IGCSE or equivalent.
• Any qualification that APU accepts as equivalent to the above.
• English Requirements
• International Students: IELTS : 6.0, TOEFL IBT : 60, Pearson (PTE) : 59, MUET : Band 4

Programme Outline

• What We Teach
• This programme is specifically designed to provide students with:
• A course of study in Actuarial Science with a specialism in Financial Technology 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.

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

Degree 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 three specialism modules (Financial Technology, Enabling FinTech and Application of AI in Finance) to gain exclusive exposure to FinTech.
• Common Modules:
  • Advanced Probability Models
  • Predictive Analytics
  • Financial Mathematics
  • Regression Analysis
  • Financial Economics
  • Actuarial Product Development
  • Financial Management
  • Mathematics of Financial Derivatives
  • Stochastic Processes
• Specialised Modules:
  • Financial Technology
  • Enabling Fintech
  • Crowdfunding and Alternative Lending

Internship (16 Weeks)

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

Degree 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 a specialism module (FinTech Risk management and Regulations) to gain further knowledge and skills for FinTech.
• Common Modules:
  • Asset and Liability Valuations
  • Life Contingencies
  • Strategic Management
  • Corporate Finance
  • Risk Theory
  • Investigation in Actuarial Studies
  • Option and Bond Valuations
  • Survival Analysis
  • Life Contingencies 2
  • Project in Actuarial Studies
• Specialised Modules:
  • Fintech Risk management and Regulations

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

Recognitions

• Professional Recognitions
• Institute and Faculty of Actuaries (IFoA) UK
• Full IFoA Accreditation
• APU's Bachelor of Science (Honours) in Actuarial Studies including the two specialisms are fully accredited by the Institute and Faculty of Actuaries (UK).
• Our graduates who attain an average of 65 or above can be eligible for block exemptions from CS1, CS2, CM1, CM2, CB1 and CB2 in the new IFOA curriculum.
• In November 2023, 100% of APU actuarial graduates (APU/APD3F2209ACS) received exemptions from CS1, CS2, CM1, CM2, CB1 and CB2.
• IFoA Foundation Scholarship
• APU is one of a few IFOA’s partner universities in Asia to secure major IFOA scholarships for its students pursuing actuarial studies.
• Every year, the top five graduates will receive the Foundation’s Scholarships (worth £4490) awarded by the IFOA.
• In addition, the best among the five will also receive the Sir Edward Johnston Prize (worth £250) awarded by the IFOA.
• Pathway to IFoA Associateship and Fellowship

Career Path

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

Fees & Certification

• Malaysian: RM31,000 (Year 1), RM32,200 (Year 2), RM33,400 (Year 3), RM96,600 (Total)
• International: RM33,600 (Year 1), RM34,800 (Year 2), RM36,200 (Year 3), RM104,600 (Total)
• MQA Cert: Programme code : (R2/462/6/0003)(06/27)(MQA/FA1327)