
BSc (Hons) in Actuarial Studies
Shah Alam, Malaysia
DURATION
3 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Request earliest startdate
TUITION FEES
USD 26,383 *
STUDY FORMAT
On-Campus
* estimated total fees
Scholarships
Explore scholarship opportunities to help fund your studies
Introduction
This program draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. It is designed to pave the way for students wishing to embark on a career as an actuary. Students will be prepared for professional exams leading to the qualification of an actuary from a globally recognized professional actuarial body.
Sunway College Ipoh is now offering BSc (Hons) in Actuarial Studies in collaboration with Sunway University.
Intakes
January, April, and September
Duration
3 Years Full-Time
Professional Pathways & Exemptions
IFoA
Our program is accredited by the Institute and Faculty of Actuaries (IFoA), UK. Students in our program are eligible for exemptions from 6 IFoA papers, which are: CS1, CS2, CM1, CM2, CB1, and CB2.
SOA
Our program is also recognized by the Society of Actuaries (SOA), US. As the SOA requires students to undertake courses to fulfill their Validation by Educational Experience (VEE) requirements, our school offers subjects that will directly allow students to achieve their full VEE exemptions. We prepare our students to sit for SOA professional exams throughout their undergraduate program.
Why Study Here?
Holistic Education
The US education system is one of the most flexible in the world, offering students unlimited choices of courses and focusing on an all-around learning experience. Adopting the US liberal arts approach of inclusiveness, industry relevance, and flexibility, Sunway ADTP has a strong track record of producing well-rounded students equipped for American higher learning.
Seamless Transfer into American Universities
We engage professors from US universities to deliver parts of our academic content. Each year, more than 100 US universities visit Sunway University providing a valuable opportunity for students to engage with and seek advice from admission counselors. We also host representatives from Western Michigan University (WMU) on campus who provide counseling services to students transferring to WMU.
Academic Mentorship and Support
Each ADTP student is assigned an academic advisor who will provide academic guidance and support. Our student-lecturer engagement is high extending over and beyond the classroom. One in four of our lecturers consistently receives “excellent teaching” awards.
Extracurricular Advantage
Each semester our students engage in out-of-class activities e.g. running projects and charity programs as part of their assignments, volunteering in cultural performances, or participating in international conferences. We celebrate bank holidays like Martin Luther King, Jr. Day, Independence Day, and Thanksgiving.
University Placement Guidance
We conduct workshops on all aspects of the transfer process—from selecting suitable universities and preparing applications to transitioning abroad. Our “Freshman Seminars” equip students with skills to succeed as a freshman. Our placement team continually supports students to transfer into “best fit” colleges. We receive study-abroad-semester students from US and non-US universities each year, many of which are our alumni for summer semesters. On top of our summer semester subject offerings, we support our alumni by providing referrals, offering proctoring services, and providing internship opportunities.
Gallery
Admissions
Curriculum
Programme Structure
Year 1
- Principles of Financial Accounting
- Introductory Economics
- Programming Principles
- Calculus
- Linear Algebra & Applications
- English for Business
- Principles of Business Finance
- Introduction to Probability
- Advanced Calculus
- Theory of Interest
Year 2
- Derivative Securities I
- Life Contingencies I
- Introduction to Statistics
- Financial Management
- Communication Skills
- Derivative Securities II
- Life Contingencies II
- Mathematical Methods
- Risk Theory
Year 3
- Simulation & Credibility Theory
- Survival Models
- Ratemaking & Loss Reserving for General Insurance
- Life Insurance & Takaful
- Community Project
- Regression Analysis
- Internship
Electives (choose any 3 in Year 3)
- Time Series & Forecasting
- Multivariate Analysis
- Risk-Based Capital Modelling for Non-life Insurers
- Research Project
- Stochastic Processes
- Discrete Mathematics
- Financial Risk Management
- Advanced Actuarial Statistics
- Advanced Actuarial Mathematics and Finance
Additional MOHE compulsory General Studies subjects
for Local Student
- Appreciation of Ethics and Civilisation
- Philosophy and Current Issues
- Community Service
- Bahasa Kebangsaan A (applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu)
for International Student
- Malay Language for Communication 2
- Appreciation of Ethics and Civilisation
- Community Service
Career Opportunities
Career Prospects
- Actuarial reserving analyst
- Catastrophe risk analyst
- Chief actuary in casualty insurance/health/life/property
- Chief executive officer
- Chief financial officer
- Financial risk manager