Why Actuarial Science at APU? 5 Cool Reasons To Study There

Posted on by Uni Enrol
APU actuarial science

Are you someone who likes to plan and loves to work with numbers? If the answer is YES, a career in Actuarial Science may be the 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 entities related to this field. 

(Tip: Get insights on Actuarial Science from our counsellors.)

In this fast-paced world, a graduate with actuarial science skills will be in demand by companies looking to grow and improve their organisation.

At Asia Pacific University of Technology & Innovation (APU), you will learn more about the Bachelor Of Science (Honours) in Actuarial Studies and why it is the most sought-after degree by those who study at APU.

 

Study at APU: It is Among the 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 becoming qualified IFoA associates.

Aside from that, APU’s degree programme is also recognised in the US by the Society of Actuaries (SOA). It is the only programme in Malaysia that gained recognition from SOA to prepare students for all six preliminary exams, namely

  • 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 qualify to become SOA associates.

As a bonus, these professional bodies are well-known in the field of actuarial science. The exemptions obtained from them will give APU graduates an added advantage to stand out among others during their interviews.

 

Why Actuarial Science? The Continuous Demand for Actuaries

As an Actuarial Science student, you 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, concrete skills and in-depth knowledge of statistics and probability are required to excel.

In banking, investment analysts primarily analyse market data and offer informed opinions 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.

Hence, APU graduates have gone on to secure actuarial science-related jobs in renowned companies. To name a few, the list includes

  • Sun Life Malaysia, 
  • iPrice Group, 
  • Liberty Insurance, and 
  • Bursa Malaysia.
Why Actuarial Science at APU.

APU Courses: The Well-Rounded Curriculum to Prepare for Future Career

APU primarily designs its Actuarial Science degree to develop a student’s knowledge of actuarial practices as well as their mathematical and analytical skills. 

On top of that, students will also learn about business, communication, and IT skills to supplement their data-driven minds.

For instance, in Year 1 students will work on building their fundamental skills in 

  • Mathematics, 
  • Statistics, 
  • Economics and Finance
  • business, 
  • communication, and 
  • IT.

In Year 2, students will dive deep into the core essential knowledge in the actuarial industry, namely Mathematics and Statistics. 

Then, they will also undergo a 16-week internship to gain valuable industrial experience and hone their skills.

As a wrap-up to the final year of the degree, students will be able to put their skills to use in a series of modules related to 

  • planning, 
  • managing and 
  • analysing risk

Why Actuarial Science At APU: 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. 

The PTPTN loan is a student education loan offered to students to cover part of the tuition fees. As long as you have a secure WiFi connection, you can remotely apply for the loan online. Read more about how you can learn more about it here.

Furthermore, students studying Actuarial Science will have the opportunity to vie for IFoA scholarships. The IFoA gives £4,490 (about RM26,400) worth of Foundation Scholarships to the top five graduates who perform well in their studies. If you become the top graduate among the five, IFoA will also further award you for your hard work with Sir Edward Johnston Prize, which is worth £250 (about RM1,400).

APU-DMU Dual Degree Programme – Double Your Advantage

APU does not only enhances the teaching and learning experiences of its community. This excellent school also gives every student’s career prospects a boost.

A partnership with De Montfort University (DMU), UK enables students who study at APU to obtain Dual Awards, giving them separate degree certifications from both institutions. As published by the United Kingdom Quality Assurance Agency (QAA), the APU-DMU Dual Degree Programmes are offered under an approved collaboration by the QAA UK Quality Code for Higher Education for the Assurance of Academic Quality and Standards in Higher Education.

APU graduates will receive 2 Degree Certificates & Transcripts when they complete the course: 1 from APU, Malaysia and 1 from DMU, the UK. In addition, local and international companies will recognise these documents as your qualification during your interview!

And the verdict?

APU is an academy for you to pursue Actuarial Science. This excellent institution 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, it prepares the student for better future outreach.