Actuarial Science

Degree in Actuarial Science

The program draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial world. It is designed to pave the way for students wishing to enter a career as an actuary. Students will be prepared for professional exams that lead to recognized actuary status or specialist in the financial risk and insurance industries.

Graduates from an actuarial science degree program can also use their education to become business analysts, budget analysts, analysts intelligence agencies, research analysts, financial analysts, insurance underwriters or insurance claims adjusters.

Entry Requirement

  • STPM: Minimum Grade C+ in 2 subjects and a credit in Mathematics and pass English at SPM
  • A Level: Minimum Grade C in 2 subjects and a credit in Mathematics and pass English at SPM
  • Matriculation/Foundation studies: Minimum CGPA 2.50 and a credit in Mathematics and pass English at SPM
  • Unified Examination Certificate: Grade B in 5 subjects
  • South Australian Matriculation: Minimum of 65%
  • Canadian Pre-University: Minimum of average of 50%

Diploma in Actuarial Science

The Diploma in Actuarial Science program is designed to produce graduates who can fulfil the demand of the financial services industries especially the insurance industry.

Majority of the diploma holders are absorbed by the public and the private sectors such as insurance companies, actuarial consulting firms, banks and other financial institutions like security firms. Their tasks include handling statistical investigations relating to mortality, interests and premium rates, surrender values, valuation of assets and liabilities.


Entry Requirement

Passed SPM or equivalent qualifications (recognized by the Government of Malaysia) with credits in the following subjects:
  • Mathematics
  • Additional Mathematics
  • Physics / Chemistry / Biology / Additional Science /Science
  • English AND
  • a pass in History (applicable for SPM 2013 onwards)

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The field of Actuarial Science

The field of actuarial science includes:

  • Insurance Actuaries: Life Insurance, Health Insurance & General Insurance
  • Pension Actuaries
  • Finance & Investment Actuaries
  • Risk Actuaries
  • Resource & Environment Actuaries


Career Options in Actuarial Science

Business Analysts

Financial Analysts

Insurance Claims Adjusters

Data Analyst