BSc (Hons) Actuarial Science

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 3 Years
Mode On Campus
Level Undergraduate
Degree Bachelors Degree
Closing soon January 2027

Course Overview

The BSc (Hons) Actuarial Science at Heriot-Watt University Malaysia equips you to manage risk and uncertainty, evaluating the financial impact of future events. This undergraduate degree is ideal if you excel at mathematics, enjoy complex problem-solving, and seek a rewarding career. You will develop a robust understanding of actuarial principles, probability, and financial mathematics, preparing you for a profession that is both intellectually stimulating and financially secure. This programme provides a strong foundation in actuarial science, essential for a successful career.

Studied full-time on campus over three years, your learning experience will be hands-on, covering areas such as real analysis, linear algebra, probability and statistics, and actuarial and financial mathematics. You will explore optional modules in areas like survival models, risk theory, and machine learning, tailoring your studies to your interests. You will graduate with highly transferable mathematical and analytical skills, ready to pursue a career as an actuary and gain exemptions from professional actuarial examinations.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This Bachelor of Science (Honours) in Actuarial Science program provides a comprehensive education in the mathematical and statistical principles underpinning actuarial practice. Across its four years, students will delve into core areas such as probability, statistics, calculus, and linear algebra, alongside specialized actuarial and financial mathematics. The curriculum progresses to advanced topics including life insurance mathematics, statistical modeling, risk theory, and time series analysis, preparing graduates for professional roles in risk assessment and financial management.

1 Year 2

Real Analysis Compulsory
Linear Algebra Compulsory
Algorithmic and Scientific Programming Compulsory
Probability and Statistics A Compulsory
Multivariable Calculus Compulsory
Data Science Life Cycle Compulsory
Actuarial and Financial Mathematics Compulsory
Probability and Statistics B Compulsory
National Language A Optional
Self-Empowerment and Social Responsibility I Optional
Malay Language Communication 2 Optional
Integrity and Anti-Corruption Optional
Appreciation of Ethics and Civilisations Optional
Self-Empowerment and Social Responsibility II Optional

2 Year 3

Life Insurance Mathematics A Optional
Statistical Models A Optional
Stochastic Processes Optional
Economics for Professionals Optional
Philosophy and Current Issues Optional
Ordinary Differential Equations Optional
Life Insurance Mathematics B Optional
Statistical Models B Optional
Database Management Systems Optional
Survival Models Optional

3 Year 4

Time Series and Machine Learning Compulsory
International Bond and Currency Markets Optional
Optimisation Optional
Further Statistical Methods Optional
Continuous-Time Finance Optional
Risk Theory Compulsory
Taxation in Malaysia Optional
Bayesian Inference & Computational Methods Optional
Advanced Machine Learning Optional

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 13,923.00
Second Year Fee Tuition fee
USD 13,923.00
Third Year Fee Tuition fee
USD 13,923.00
Total Program Cost Estimated total tuition
USD 41,771.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 167.00 - USD 511.00
Food & Groceries USD 906.00 - USD 2,114.00
Transport USD 151.00 - USD 453.00
Utilities & Bills USD 242.00 - USD 604.00
Estimated Total USD 1,299.00 - USD 3,171.00

Living cost estimates are based on Kuala Lumpur Campus.

Outcomes & Employability

What happens after you graduate

84%
Graduate Employment Rate Within 6 to 12 months of graduation

Why Study BSc (Hons) Actuarial Science at Heriot-Watt University Malaysia

What makes this program stand out

January 2027 Closing soon

Next intake is in January 2027

Very Fast Application response time

Heriot-Watt University Malaysia typically responds to applications within 1 - 2 days, giving you clarity on your options quickly.

Life at Heriot-Watt University Malaysia in Malaysia

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about BSc (Hons) Actuarial Science at Heriot-Watt University Malaysia

Can I work while studying?

International students are not allowed to work during term time but can work up to 20 hours per week during breaks. A work permit is required for eligible positions in specific sectors.

Is this qualification recognised internationally?

Yes. This course is accredited by Institute and Faculty of Actuaries (IFoA).

What English language score do I need for this course?

Applicants must meet specific English test requirements, including TOEFL, IELTS, or PTE scores. Minimum scores include a TOEFL overall score of 80, IELTS overall score of 6.5, or PTE overall score of 50.

What jobs can I get after studying this course?

Possible job titles include Actuary, Risk Analyst, Data Scientist, Consultant, and Underwriter.

What will I actually study in this course?

This world-renowned program prepares students for a career in actuarial science, covering essential courses on risk management and mathematical skills. It's designed for those skilled in mathematics and problem solving.

When can I start — what are the intake months?

The BSc (Hons) Actuarial Science program offers intakes in January and September. You can choose the intake that best fits your schedule.
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