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BSc (Hons) Actuarial Science

BSc (Hons) Actuarial Science

Programme Information

Qualification

Degree

Duration

3 Years

Intake

September

Tuition Fee

RM 131760

Overseas Program

Available

Location

Selangor

Overview

Actuaries manage risk and uncertainty and evaluate the likely impact of future events. Heriot-Watt’s Actuarial Science programme is world-famous for its excellence. It contains all the courses that are essential for ensuring a flying start to a career as an actuary whilst at the same time fostering highly transferable mathematical skills.

If you excel at mathematics, enjoy problem solving and are looking for a degree that will prepare you for a rewarding career – both intellectually and financially – Actuarial Science could be the programme for you.

This Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.

Entry Requirements

  • Heriot-Watt University Malaysia Foundation in Science: ABBC – A in Mathematics, B in Physics, B in Chemistry, C in Academic English/Study Skills
  • Heriot-Watt University Malaysia Foundation in Business: ABBC – A in Mathematics, B in Accountancy and Finance, B in Business Management, C in Academic English/Study Skills
  • A-Level/STPM: ABB including A in Mathematics
  • UEC: 8 points or less (5 subjects not less than B grade)
  • WACE/SACE: ATAR 90
  • SMA 3 (Indonesia): 8
  • IB Diploma: 28 points (Minimum 6 in HL Mathematics)
  • Diploma with high level of attainment in mathematics recognised by the Malaysian Government, acceptable to the University.
  • Any other relevant qualification with high level of attainment in mathematics recognised by the Malaysian Government, acceptable to the University.

English language requirements

If English is not your first language, then evidence of proficiency equivalent to IELTS 6.5 is required.

If you do not have IELTS 6.5, we offer a Pre-Sessional English Programme (PSEP) prior to commencing your studies.

Course Outline

Year 1

  • Probability and Statistics A
  • Probability and Statistics B
  • Linear Algebra
  • Actuarial and Financial Mathematics A
  • Actuarial and Financial Mathematics B
  • Multivariable Calculus and Real Analysis A
  • Multivariable Calculus and Real Analysis B

Optional and elective courses available for Year 1 include:

  • Finance and Financial Reporting
  • Operations Management

Year 2

  • Life Insurance Mathematics A
  • Life Insurance Mathematics B
  • Stochastic Processes
  • Survival Models
  • Derivative Markets and Discrete-time Finance
  • Statistical Models A
  • Statistical Models B
  • Portfolio Theory & Asset Models

Year 3

Students typically take Introductory Economics, Continuous-time Finance, Risk Theory, and Time Series Analysis and can choose from a range of options such as Statistics for Social Science, Bayesian Inference and Computational Methods, Statistical Machine Learning and Optimisation.

Programme Information

Qualification

Degree

Duration

3 Years

Intake

September

Tuition Fee

RM 131760

Overseas Program

Available

Location

Selangor