What is Actuarial Science?
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and
- Heriot-Watt University Malaysia is a branch campus of the top ranking Heriot-Watt University, UK
Actuaries sometimes give specialised evidence in court (for example in fraud cases) or work with the government to predict how much money will be needed to meet the nation's spending needs on services such as health, education and social care.
To qualify as an actuary you need a good honours degree in Actuarial Science and demonstrate their competence by passing a series of rigorous professional examinations from the Faculty and Institute of Actuaries (UK).
Heriot-Watt University is one of the best universities for actuarial science and now students can obtain this world class UK degree at its new campus in Putrajaya, Malaysia.
Actuarial Science at Heriot-Watt University 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
- Library at Heriot-Watt University Malaysia
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.
It is expected that the programme in Malaysia will also offer exemptions from all Core Technical subjects, CT1 to CT8, for students performing sufficiently well. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.
Subjects for Actuarial Science Degree at Heriot-Watt University Malaysia
- Students at Heriot-Watt University Malaysia are taught by top professors and receive personal attention
- Probability and Statistics
- Actuarial and Financial Mathematics
- Linear Algebra
- Multivariate Calculus and Real Analysis
- Finance and Financial Reporting
- Practical work
- Life Insurance Mathematics
- Statistical Models
- Stochastic Processes
- Portfolio Theory and Asset Models
- Survival Models
- Lecture theatre at Heriot-Watt University Malaysia
- Derivative Markets
- Discrete-time Finance
- Project work
- Risk Theory
- Financial Risk Management
- Pension Funds
- Life Office Practice
- Time Series
- Bayesian Inference
- Electives in mathematics and economics
Accreditation of Actuarial Science Degree at Heriot-Watt University Malaysia
- Heriot-Watt University Malaysia's Foundation Students at the new campus
In addition to recognition within Malaysia, they seek accreditation by the relevant UK or international professional bodies in accordance with their standard procedures.
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.
Entry requirements for the Actuarial Science Degree Programme at Heriot-Watt University 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's New State-of-the-Art Campus at Putrajaya
- Heriot-Watt University Malaysia Foundation in Business and Design: ABBC – A in Mathematics, B in Accountancy and Finance, B in Business Management, C in Academic English/Study Skills
- A-Level: ABB including A in Mathematics
- STPM: ABB including A in Mathematics
- Diploma with high level of attainment in mathematics deemed recognised by the Malaysian Government
- Any other relevant qualification with high level of attainment in mathematics recognised by the Malaysian Government
English Language requirements
If English is not your first language, then evidence of proficiency equivalent to IELTS 6.5 is required.
Students interested in registering at Heriot-Watt University Malaysia, please go to this link.
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- EduSpiral explained the pathway to become an actuaries & gave facts on why Heriot-Watt is the best for actuarial science. We also toured the campus and hostel.
Weng Hang, Heriot-Watt University Malaysia
students to choose from. These colleges and universities offer value for money in the quality of education and excellent facilities that you get.
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