Program Overview

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Master of Science in Actuarial Science

Course Details

• Full Time
• Part Time

Duration

1 year

Intake Date

25 August 2025

15 December 2025

Awarding Body

APU, Malaysia

Duration

2 years 6 months

Intake Date

13 June 2025

15 August 2025

31 October 2025

Awarding Body

APU, Malaysia

Entry Requirements

General Requirements

• Bachelor’s degree
  • 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.

English Requirements

International Students

• IELTS: 5.0

Programme Outline

What We Teach

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.

Pre-Requisite Modules

• Introduction to Actuarial Mathematics
• Statistics

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

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.

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: exemptions/university-courses-with-exemptions-route-a/

Career Path

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

Fees & Certification

• Malaysian: RM34,800
• International: RM38,800 (USD9,025)

MQA Cert

Programme code: (N/0542/7/0002)(07/29)(MQA/PA17434)

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

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