Top 5 Reasons Why Actuarial Science at APU

By Uni Enrol - June 17, 2021
What to Study Read more to find out why Asia Pacific University of Technology & Innovation (APU) is the best place to learn Actuarial Science.
Top 5 Reasons Why Actuarial Science at APU

Are you someone who likes to plan ahead and love to work with numbers? If the answer is YES, a career in Actuarial Science would be a perfect fit for you.

Actuarial Science is the assessment of risks through mathematical and statistical methods. An Actuary calculates and manages risks for insurance companies, financial institutions and other related entities. Get insights on Actuarial Science from our counsellors.

A graduate with actuarial science skills will be in demand by companies that are looking to further develop their organisation in this fast-paced world. At Asia Pacific University of Technology & Innovation (APU), you will be able to find out more on Bachelor Of Science (Honours) in Actuarial Studies that makes it one of the most sought-after degree specialised at this point of time.

 

Among Top 4 in Asia to Receive International Recognition

APU’s degree programme is accredited by the Institute and Faculty of Actuaries (IFoA) from the UK, making it one of the top 4 universities in Asia to receive full accreditation with Block Exemption. APU graduates who perform to the required standard can be eligible for Block Exemption from CS1, CS2, CM1, CM2, CB1 and CB2 in the new IFoA curriculum. These exemptions help students to kickstart their pathway to become qualified IFoA associate.

Aside from that, APU’s degree programme is also recognised by the Society of Actuaries (SOA) from the US. It is the only programme in Malaysia that gained recognition by SOA to prepare students for all the six preliminary exams (P, FM, IFM, LTAM, STAM, and SRM) in the new SOA curriculum. APU’s degree programme covers all three VEE topics (Accounting & Finance, Economics, and Mathematical Statistics). Once students have completed all the necessary exams and modules, they will then qualify to be an SOA associate.

These professional bodies are well-known in the field of actuarial science and the exemptions give APU graduates an added advantage to stand out among others in terms of employability.

 

Continuous Demand for Actuaries

Students who plan to pursue an Actuarial Science degree will have multiple career options upon graduation. Actuaries are in high demand in the financial sectors, particularly in the insurance and banking industry.

In insurance, an underwriter will be primarily responsible for designing, pricing and analysing insurance policies. Thus, exceptionally strong skills and knowledge in statistics and probability are required.

In banking, investment analysts are required to analyse market data and offer an informed opinion on investment opportunities. Apart from strong analytical skills to decipher large volumes of data, good communication skills also are required to advise clients on business decisions.

APU graduates have gone on to secure actuarial science-related jobs in renowned companies such as Sun Life Malaysia, iPrice Group, Liberty Insurance, and Bursa Malaysia to name a few.

Why choose APU for Actuarial Science.

Well-Rounded Curriculum to Prepare for Future Career

The curriculum of the Actuarial Science degree is designed firstly to develop a student’s knowledge in actuarial practices and their mathematical and analytical skills. To supplement those skills, students also are taught business, communication, and IT skills.

For instance, in Year 1 students will work on building their fundamental skills in Mathematics, Statistics, Economics and Finance in addition to business, communication and IT.

In Year 2, students will dive deep into the core knowledge of Mathematics and Statistics that is required in the actuarial industry. Students will also require to complete a 16-week internship to gain valuable industrial experience.

In the final year of the bachelor degree studies, students will be able to put their skills to use in a series of modules related to planning, managing and analysing risk

 

Affordable Actuarial Science Degree Programme

APU’s Actuarial Science Degree is one of the most affordable programmes in Malaysia. On top of that, there are several financial aid sources made available for students.

One of them would be the PTPTN loan. This loan will help students to cover part of the tuition fees. Read more about how to apply here.

Furthermore, students of Actuarial Science will have the opportunity to vie for IFoA scholarships. The IFoA will award the top five graduates with the Foundation’s Scholarships, which is worth £4,490 (about RM26,400).

The top graduate among the five will also be receiving the Sir Edward Johnston Prize that is worth £250 (about RM1,400) awarded by the IFoA.

 

APU-DMU Dual Degree Programme - Double Your Advantage

APU's partnership with De Montfort University (DMU), UK enables students to be awarded Dual Awards which is separate degree certificates from each institution. It enhances not just teaching and learning experiences, but also career prospects.

Upon graduation, students will receive 2 Degree Certificates & Transcripts: 1 from APU, Malaysia and 1 from DMU, the UK which is both recognised locally & internationally.

The APU-DMU Dual Degree Programmes are offered under an approved collaboration in accordance with the QAA UK Quality Code for Higher Education for the Assurance of Academic Quality and Standards in Higher Education as published by the United Kingdom Quality Assurance Agency (QAA).

The best part is, students will have the best of both world through this partnership advantage!

 

APU strives to provide its students with the best environment and excellent services in realizing their dreams. With its ultra-modern campus built, well experienced academic members, and up to dates industrial trends and practices, prepares the student for better future outreach.

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