Master of Science in Actuarial Science
| Program start date | Application deadline |
| 2025-08-25 | - |
| 2025-12-15 | - |
Program Overview
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.
Asia Pacific University of Technology and Innovation (APU)
Overview:
Asia Pacific University of Technology and Innovation (APU) is a private university located in Kuala Lumpur, Malaysia. It is known for its diverse student body, with over half of its students coming from over 130 countries. APU focuses on technology-driven education, aiming to nurture innovation and produce graduates who can adapt and think differently.
Services Offered:
APU offers a range of services to its students, including:
Visa Processing:
APU assists international students with their visa applications, including pre-arrival processing fees, airport assistance, and accommodation upon arrival.Student Welcome Team:
A dedicated team welcomes and assists new students during their first few days in Malaysia and at APU.Orientation Briefings:
Comprehensive orientation programs are provided to help students settle into the university environment, covering academic regulations, facilities, and other essential information.Student Life Activities:
APU encourages student involvement through clubs, societies, and leadership opportunities like the Students' Representative Council and Student Ambassador program.Part-time Working Opportunities:
On-campus part-time jobs are available for students, including library assistant, IT labs technical assistant, programmer, multimedia developer, and Student Ambassador roles.Professional and Personal Development Workshops:
Free workshops are offered to equip students with the skills and attributes needed for successful careers.Health Insurance:
Compulsory health insurance is provided to all international students through EMGS's insurance panel partners.Student Life and Campus Experience:
APU fosters a vibrant and unique student life with over 60 clubs and societies. Students are encouraged to participate in social, sporting, and cultural activities on campus, building lifelong friendships and exploring new experiences.
Key Reasons to Study There:
Cosmopolitan Learning Environment:
APU's diverse student community from over 130 nations provides a truly international learning experience.Technology-Focused Education:
APU's programs emphasize technology and innovation, preparing students for the demands of the digital age.Affordable Living Costs:
Malaysia offers a relatively affordable cost of living compared to other countries, making it an attractive destination for international students.Career-Oriented Approach:
APU focuses on developing students' professional skills and attributes, equipping them for successful careers.Strong International Recognition:
APU's engineering degrees are internationally recognized, providing graduates with global career opportunities.Academic Programs:
APU offers a wide range of academic programs, including:
