Key information
Our team of leading academics is internationally recognised for research, scholarship and teaching in mathematical and actuarial sciences.
- Programme code
- KPT/JPS (R2/0542/6/0012) (MQA/FA4167) 06/29
- Level
- Undergraduate
- Delivery type
- Full Time
- Degree qualification
- BSc (Hons)
- Mode of delivery
- On-Campus
- Duration
- 3 years
- Location
- Malaysia
- Start date
- September, January
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.
Your student experience
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 also accredited by the Royal Statistical Society and by the Malaysian Qualifications Agency (MQA). Additionally, we are also recognised by the Society of Actuaries (SOA) under Universities & Colleges with Actuarial Programs - Advanced Curriculum (UCAP-AC) which is the highest level of recognition in Malaysia.
Go Global
With Go Global, Heriot-Watt's global student programme, you can carry your studies to new places and experience new cultures, expanding your horizons on the way. You'll discover what it means to be a true global citizen and emerge prepared for wherever your career journey will take you.
Inter-Campus Transfer: United Kingdom
Course content
September Intake - Malaysia
Year 1
Mandatory September
- Real Analysis
- Linear Algebra
- Algorithmic and Scientific Programming
- Probability and Statistics A
Mandatory January
- Multivariable Calculus
- Data Science Life Cycle
- Actuarial and Financial Mathematics
- Probability and Statistics B
Optional September
- National Language A (MPU 3212)
- Self-Empowerment and Social Responsibility I
Optional January
- Malay Language Communication 2 (MPU 3143)
- Appreciation of Ethics and Civilisations
- Self-Empowerment and Social Responsibility II
Year 2
Optional September
- Life Insurance Mathematics A
- Statistical Models A
- Stochastic Processes
- Economics for professionals
- Philosophy and Current Issues
Optional January
- Life Insurance Mathematics B
- Statistical Models B
- Financial Reporting and Finance
- Integrity and Anti-Corruption
- Survival Models
Year 3
Mandatory September
- Time Series and Machine Learning
- Financial Markets and Investments
Optional September
- International Bond and Currency Markets
- Optimisation
- Further Statistical Methods
Mandatory January
- Risk Theory
- Financial Derivatives
Optional January
- Taxation in Malaysia
- Bayesian Inference & Computational Methods
- Ordinary Differential Equations
- Advanced Machine Learning
- Database Management Systems
January Intake - Malaysia
Year 1
Mandatory January
- Multivariable Calculus
- Data Science Life Cycle
- Actuarial and Financial Mathematics
- Probability and Statistics A
Mandatory May
- Real Analysis
- Linear Algebra
- Algorithmic and Scientific Programming
- Probability and Statistics B
Optional January
- Malay Language Communication 2 (MPU 3143)
- Appreciation of Ethics and Civilisations
Optional May
- National Language A (MPU 3212)
- Philosophy and Current Issues
Year 2
Optional September
- Economics for professionals
- Stochastic Processes
- Statistical Models A
- Life Insurance Mathematics A
- Self-Empowerment and Social Responsibility I
Optional January
- Financial Reporting and Finance
- Survival Models
- Statistical Models B
- Life Insurance Mathematics B
- Self-Empowerment and Social Responsibility II
- Integrity and Anti-Corruption
Year 3
Mandatory September
- Time Series and Machine Learning
- Financial Markets and Investments
Optional September
- International Bond and Currency Markets
- Optimisation
- Further Statistical Methods
Mandatory January
- Risk Theory
- Financial Derivatives
Optional January
- Taxation in Malaysia
- Ordinary Differential Equations
- Bayesian Inference & Computational Methods
- Database Management Systems
- Advanced Machine Learning
Fees and funding
| Status | Full Time |
|---|---|
| Local | MYR 43,920 |
| International | MYR 49,920 |
Scholarships and bursaries
See our range of Scholarships
View detailsEntry requirements
We have standard entry requirements for all of our courses that you will have to meet.
Year 1
- Heriot-Watt University Malaysia Foundation in Business or Science: BCCC (including B in Mathematics and C in English)
- Foundation: Min CGPA 3.5 (further assessment required)
- A-Level: BBB (including B in Mathematics)
- STPM: BBB (including B in Mathematics)
- UEC: 10 points (including A2 in Mathematics and Advanced Mathematics, A2 in English) from 5 subjects not less than B grade.
- IB Diploma: 28 points with 6 in HL, AA Mathematics (HL Analysis and Approaches Mathematics)
- WACE/SACE: ATAR 85 (including 70% in Mathematics Method/Specialist)
- CPU: Further assessment required
- Ontario Secondary School Diploma: *90% including Calculus & Vectors and Advance Functions *All applicants must sit for and pass Math for successFoundation: CGPA 3.5 (further assessment is required)
- China Senior High School Graduation Certificate: 80% including 80% Mathematics + pass in Math for success
- India Senior School Certificate/Class XII: 75% including 80% in Mathematics
- Indonesia SMA 3: 7.5 (including 7.5 in Mathematics)
- MUFY: 90% (including 90% in Advanced Mathematics)
Note:
We strongly urge all prospective students to submit their applications. Our students comprise of individuals with a wide array of qualifications. The most comprehensive way for us to assess eligibility is by receiving a completed application comprising of academic qualification.
Entry requirements in the prospectus and website may not always apply and individual offers may vary.
English language requirements
If your first language is not English, we'll need to see evidence of your English language ability.
The minimum English language requirement for entry to this programme is IELTS 6.0 (or equivalent) with no score lower than 5.5.
If you do not have IELTS 6.0, we offer a range of English language courses to help you meet the English language requirement for this programme prior to commencing your studies.
Why Heriot-Watt
We are committed to producing future-ready graduates with high-quality British education. Located in Putrajaya since 2014, Heriot-Watt University Malaysia's purpose-built, state-of-the-art, lakeside campus in Putrajaya is the first “green campus” in Malaysia; catering to a global network of students.
Ranked in the top 10 for Research Impact in the UK, with campuses in Scotland and Dubai, we offer students the opportunity of a truly global seamless learning experience flourishing beyond academic excellence through our Purpose Driven Education approach.
Employability
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.
Student life
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