Bachelor of Science (Honours) in Actuarial Studies​

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.

Duration:

3 Years (6 Semesters)

Awarded by:

APU, Malaysia

Intakes:

21 Sep 2021 | 23 Nov 2021

 

ADMISSION REQUIREMENTS

GENERAL REQUIREMENTS
DIRECT ENTRY TO LEVEL 1 OF THE DEGREE:
STPM2 Passes in STPM with a minimum Grade C+ (GP 2.33) and a Credit in Mathematics at SPM Level or its equivalent. (MUET Band 2 is required for all Malaysian Students)
A-LEVEL2 Passes in A-Level in any 2 subjects, and a Credit in Mathematics at SPM/O-Level/IGCSE or its equivalent.
UEC5 Grade B’s in UEC including Mathematics. (MUET Band 2 is required for all Malaysian Students)
MATRICULATION/ FOUNDATIONPassed Foundation programme (minimum CGPA of 2.5) with a Credit in Mathematics at SPM/O-Level/IGCSE or equivalent.
DIRECT ENTRY TO LEVEL 2 OF THE DEGREE:
DIPLOMA IN ACCOUNTINGPassed Diploma with minimum CGPA of 2.5 and a Credit in Mathematics at SPM/O-Level/IGCSE level.

Any qualification that APU accepts as equivalent to the above.

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 Comparison List of Equivalency of International Qualifications with SPM (O-Levels equivalent) and STPM (A-Levels equivalent)” published by Malaysian Qualifications Agency (MQA).

 

ENGLISH REQUIREMENTS
INTERNATIONAL STUDENTS• IELTS : 5.5

• TOEFL IBT : 46-59

• Pearson (PTE) : 42

• MUET : Band 4

 

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.

COMMON MODULES
  • Advanced Probability Models
  • Financial Statement Analysis
  • Predictive Analytics
  • Financial Mathematics
  • Regression Analysis
  • Financial Economics
  • Financial Planning and Control
  • Business Research Methods
  • Financial Management
  • Business Ethics & Governance
  • Mathematics of Financial Derivatives
  • Stochastic Processes

 

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.

 

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.

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
  • Pension and Retirement Plans
  • Project in Actuarial Studies

 

MQA COMPULSORY SUBJECTS*
  • Ethnic Relations (M’sian Students)
  • Islamic & Asian Civilisation (M’sian Students)
  • Malaysian Studies (Int’l Students)
  • Malay Communication Language (Int’l Students)
  • Workplace Professional Communication Skills
  • Employee & Employment Trends
  • Co-Curriculum

 

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

 

CAREER OPTIONS

  • Actuary
  • Risk Analyst
  • Financial Analyst
  • Financial Planning Advisor
  • Regulator
  • Statistician
  • Mathematician
  • Professor

 


 

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