Bachelor of Actuarial Science at Heriot-Watt University Malaysia

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Heriot-Watt University Malaysia

Heriot-Watt University Malaysia a Beacon of Excellence in Education, Nestled in the heart of Putrajaya, Malaysia, Heriot-Watt University Malaysia (HWUM) stands as a symbol of international academic excellence, bringing high-quality British education to the Southeast Asian region. As a satellite campus of the prestigious Heriot-Watt University in Edinburgh, Scotland, HWUM offers students a unique educational experience that combines the heritage of a renowned British institution with the vibrant culture and dynamic market needs of Malaysia and beyond. Established to cater to the growing demand for world-class education, Heriot-Watt University Malaysia is committed to producing graduates who are not only academically proficient but also industry-ready. With a strong emphasis on research-led teaching, practical knowledge, and employability skills, HWUM ensures that its students are well-equipped to meet the challenges of the global workforce.

Course Information

Academic Qualification
Bachelor
Duration
3.0 years
Intake
September
English Requirement
5
Class Type
Full Time
Offer Letter
Free

Yearly Tuition Fees

First Year
49,920
MYR
Second Year
49,920
MYR
Third Year
49,920
MYR
Total Tuition Fees 149,760 MYR

Other Fees

Application Fees + Visa 2,960 MYR
International Administration + Registration 2,000 MYR
Total Additional Fees 4,960 MYR
Grand Total (All Fees) 154,720 MYR

Course Overview

The Bachelor of Actuarial Science at Heriot-Watt University Malaysia equips students with advanced mathematical, statistical, and financial skills, preparing graduates for roles such as actuaries, risk analysts, and investment analysts.

Program Structure

  • Year 1: Core courses include Probability and Statistics A & B, Linear Algebra, Actuarial and Financial Mathematics A & B, Multivariable Calculus, and Real Analysis A & B. Optional courses may include Finance and Financial Reporting, and Operations Management.
  • Year 2: Courses cover Life Insurance Mathematics A & B, Stochastic Processes, Survival Models, Derivative Markets and Discrete-time Finance, Statistical Models A & B, and Portfolio Theory & Asset Models.
  • Year 3: Students typically take courses such as Introductory Economics, Continuous-time Finance, Risk Theory, and Time Series Analysis, with options like Statistics for Social Science, Bayesian Inference and Computational Methods, Statistical Machine Learning, and Optimisation.

Entry Requirements

  • A-Level/STPM: ABB including A in Mathematics.
  • UEC: 6A including A1 in Mathematics and Advanced Mathematics.
  • WACE/SACE: ATAR 90.
  • IB Diploma: 28 points with 6 in HL Mathematics.
  • English Language Requirement: IELTS 6.5 or equivalent.

Career Opportunities

  • Actuary
  • Risk Analyst
  • Investment Analyst
  • Insurance Underwriter
  • Pension Consultant
  • Data Scientist
  • Financial Consultant

Highlights

  • Duration: 3 years
  • Intake: September
  • Accreditation: Recognized by the UK Institute and Faculty of Actuaries (IFoA), Royal Statistical Society, Malaysian Qualifications Agency (MQA), and Society of Actuaries (SOA) under the Universities & Colleges with Actuarial Programs - Advanced Curriculum (UCAP-AC).

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