Heriot-Watt University Malaysia

Overview of BSc Hons Actuarial Science in Heriot-Watt University Malaysia Malaysia

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.

Teaching and Assessment

Teaching is delivered through a combination of lectures, tutorials and project work. Course assessment is generally based on either coursework or an exam at the end of the semester, or a mixture of the two at the end of the semester or academic year.

Accreditation

Good performance in examinations means exemptions from all Core Technical subjects, CT1 to CT8, of the UK Institute and Faculty of Actuaries (IFoA) which can be converted to CS1 and 2, CM1 and 2 and CB1 and 2 under the new system of examinations, giving prospective actuaries an advantage over those in other mathematics programmes.

The degree is accredited by the Royal Statistical Society

Courses of BSc Hons Actuarial Science in Heriot-Watt University Malaysia Malaysia

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.

Career Opportunities of BSc Hons Actuarial Science in Heriot-Watt University Malaysia Malaysia

Employment prospects are good, with excellent financial rewards. Our students readily find work as trainee actuaries and graduates are also well-equipped for more general careers like accountancy, banking, stockbroking or teaching. What’s more, actuarial skills are appreciated anywhere in the world.

Entry requirements of BSc Hons Actuarial Science in Heriot-Watt University Malaysia Malaysia

• 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.