Finance
BSc (Hons) Actuarial Science
Learning Mode
Full Time
Duration
3 Years
Start date
September
Qualification
BSc (Hons) Actuarial Science
Fees
Malaysian: RM 37,500/year (approx.)
International: RM 43,920/year (approx.)
Location
Heriot-Watt University, Putrajaya Campus, Malaysia
About the Course
The BSc (Hons) Actuarial Science at Heriot-Watt University Malaysia is a mathematically rigorous programme designed for students aspiring to pursue a high-level career in risk modelling, insurance, finance, and data analytics.
This programme delivers a strong foundation in mathematics, statistics, economics, and financial theory, with a direct focus on actuarial applications. Heriot-Watt’s world-leading Actuarial Mathematics & Statistics department ensures that students are taught by experienced academics and industry practitioners.
Graduates of this degree will be well-prepared to sit for professional actuarial exams and are eligible for exemptions from the Institute and Faculty of Actuaries (IFoA, UK) — placing them ahead in their professional journey.
Why choose Actuarial Science at Heriot-Watt?
Industry connected
Students gain insights through guest lectures, internships, and networking with actuarial and insurance industry professionals.
Global opportunities
UK-awarded degree enables careers in global actuarial firms, finance, and multinational insurance companies.
Professional accreditation
Accredited by IFoA (UK), offering exemptions for up to 6 actuarial papers based on academic results.
Course Overview
Our Actuarial Science programme is built to develop quantitative and analytical skills required to assess risk and uncertainty in business and finance. Students learn to apply mathematical and statistical techniques to real-world problems in insurance, pensions, investment, and banking.
The course also places emphasis on communication, teamwork, and ethical decision-making — key competencies for actuaries working in high-impact sectors.
Course Duration
The programme is offered full-time over 3 years, comprising six semesters of coursework.
Each academic year covers progressively advanced modules, culminating in applied actuarial modelling and a final-year dissertation or capstone project.
Course Curriculum
Year 1
- Calculus
- Algebra
- Introduction to Probability & Statistics
- Finance & Financial Reporting
- Economics
- Actuarial & Financial Mathematics
- Professional Development Skills
Year 2
- Statistical Models A & B
- Life Insurance Mathematics
- Stochastic Processes
- Financial Mathematics
- Data Analytics & Programming
- Risk Modelling
- Economics for Actuaries
Year 3
- Contingencies
- Survival Models
- Time Series Analysis
- Pension Funds & Insurance Practice
- Advanced Actuarial Models
- Project & Presentation Skills
- Capstone Project
Students will have the opportunity to participate in case studies, actuarial modelling labs, and professional simulation workshops.
Admission Requirements
Academic Requirements:
- A-Level: ABB including Mathematics
- STPM: ABB with Mathematics
- UEC: 5 Bs including Mathematics
- IB Diploma: 30 points (including HL Maths)
- Foundation in Science / Actuarial Science / Maths-based disciplines with strong mathematics
English Language Requirements:
- IELTS 6.0 (no component below 5.5) or equivalent
Applicants must demonstrate strong numerical skills and a passion for data-driven problem solving.
Fees and Funding
Tuition Fees (Per Year):
- Malaysian Students: RM 37,500
- International Students: RM 43,920
Scholarships & Support:
- Merit Scholarships (based on academic performance)
- Progression Scholarships for high achievers
- Study grants and partner sponsorships
- PTPTN loans available for Malaysian students
Career Opportunities
Graduates of this programme are well-prepared for a variety of roles in:
- Actuarial Consulting Firms
- Life & General Insurance Companies
- Pension Funds
- Risk Management & Investment Firms
- Banks & Asset Management
- Data Science & Predictive Modelling
- Regulatory Authorities
Many of our alumni have secured roles at global firms such as Willis Towers Watson, Prudential, Sun Life, and AIA, or pursued postgraduate studies and professional certification.
Contact Us
Reach out for any inquiries or assistance needed.
