Bachelor of Science (Honours) in Actuarial Studies with a specialism in Data Analytics

Degree Level 1

Equipping students with essential fundamentals of Mathematics, Statistics, Economics and Finance starts at Level 1. To complement the core knowledge, the students will also learn Business, Communication, and IT skills, before progressing to the Level 2 of Actuarial Science study.

Common Modules

• Probability Models
• Linear Algebra
• Business and Communication Skills
• Calculus
• Calculus II
• Financial Accounting
• Microeconomics
• Macroeconomics
• Introduction to R Programming
• Statistics

Degree Level 2

The core knowledge of Mathematics and Statistics now act as engine to drive the complex models of Economics and Finance in the actuarial industries. Those core knowledge are integrated to form actuarial tools and infrastructure, ready to be used for planning and managing purposes. Students will receive exposure and coaching which are actuarial centric, targeting at industrial applications. They are gradually groomed to be more independent in their study and research efforts.

In addition to the common modules for actuarial studies, students will also take two specialism modules (Programming for Data Analytics and Operational Research and Analytics) to gain exclusive exposure to data analytics.

Common Modules

• Advanced Probability Models
• Predictive Analytics
• Financial Mathematics
• Regression Analysis
• Financial Economics
• Actuarial Product Development
• Financial Management
• Business Ethics & Governance
• Mathematics of Financial Derivatives
• Stochastic Processes

Specialised Modules

• Programming for Data Analytics
• Operational Research and Analytics

Internship (16 Weeks)

Students will undertake a short Internship/ Industrial Training for a minimum period of 16 weeks to prepare them for a smooth transition from the classroom to the working environment.

Degree Level 3

The students are now ready to merge their knowledge and industrial experience to forge ahead and put into action their acquired skills in planning, managing and analysing risk. At this level, emphasis is placed on evaluating financial performance of businesses from actuary’s perspectives. Students will have the opportunity to understand the critical roles played by actuaries, for example, in the development and pricing of insurance products. Risk Management, Actuarial Modeling and Ratemaking are some of a wide repertoire of skills to be used.

In addition to the common modules for actuarial studies, students will also take two specialism modules (Behavioural Science & Marketing Analytics and Advanced Predictive Analytics) to gain further knowledge and skills for data analytics.

Common Modules

• Asset and Liability Valuations
• Life Contingencies
• Corporate Finance
• Risk Theory
• Investigation in Actuarial Studies
• Option and Bond Valuations
• Survival Analysis
• Life Contingencies 2
• Project in Actuarial Studies

Specialised Modules

• Behavioural Science & Marketing Analytics
• Advanced Predictive Analytics

MQA Compulsory Subjects*

• Appreciation of Ethics and Civilisation (M’sian Students)
• Malay Communication Language (Int’l Students)
• Philosophy and Current Issues
• Workplace Professional Skills
• Integrity and Anti-corruption
• Co-Curriculum

APU-DMU Dual Degree Programme

Students who are under Bachelor’s Degree Programme will have the option to opt-in for the APU-DMU Dual Degree Scheme. Under this Scheme, students will receive 2 Degree Certificates & Transcripts upon graduation: 1 from Asia Pacific University (APU), Malaysia and 1 from De Montfort University (DMU), UK.

Double Your Advantage

• APU's partnership with De Montfort University (DMU), UK enables students to be awarded Dual Awards - separate degree certificates from each institution – and enhances not just teaching and learning experiences, but also career prospects.
• Upon graduation, students will receive 2 Degree Certificates & Transcripts: 1 from APU, Malaysia and 1 from DMU, UK.
• Both degrees are recognised locally & internationally.
• The APU-DMU Dual Degree Programmes are offered under an approved collaboration in accordance with the QAA UK Quality Code for Higher Education for the Assurance of Academic Quality and Standards in Higher Education as published by the United Kingdom Quality Assurance Agency (QAA).