The course

Course code
KPT/JPS (N/462/6/008)(PA4167) 06/19
Delivery type
Full-time
Duration
3 years
Intake date
September
Location
Malaysia

Our team of leading academics is internationally recognised for research, scholarship and teaching in mathematical and actuarial sciences.

Contact

  • Contact

    Heriot-Watt University Malaysia Campus

  • Telephone

    +603 8894 3888

  • Email

    hwum@hw.ac.uk

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. 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.

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

This is the only programme in Malaysia to receive the full 8 paper exemption by the UK Institute and Faculty of Actuaries (IFoA). Good performance means exemptions from all Core Technical subjects, CT1 to CT8, giving prospective actuaries an advantage over those in other mathematics programmes.


Course content

Core courses

View or download full details of core, optional and elective courses/projects.

First Year

  • 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

Second Year

  • 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

Third Year

Students can choose from a range of options such as Time Series Analysis, Risk Theory, Financial Risk Management, Continuous-Time Finance, Bayesian Inference & Computational Methods and Optimisation.

Accreditation

This is one of only a few programmes to be accredited by the UK Institute and Faculty of Actuaries. Good performance means exemptions from all Core Technical subjects, CT1 to CT8, giving prospective actuaries an advantage over those on other mathematics programmes.

This Bachelor’s degree mirrors the highly successful BSc Actuarial Science programme offered in the UK which consistently receives high levels of student satisfaction in national student surveys.

Career

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

  • 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: AAB including A in Mathematics
  • UEC: 6A including A1 in Mathematics and Advanced Mathematics
  • SAM: ATAR 90
  • SMA 3 (Indonesia): 8
  • IB Diploma: 28 points
  • Diploma with high level of attainment in mathematics 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.

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

Fees

View our tuition fees for this course.

Scholarships and bursaries

See our range of scholarships and sponsored scholarships.