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Master of Science in Actuarial Science with a specialism in Economics

Asia Pacific University of Technology & Innovation

Level

master

Duration

1 year

Location

Kuala Lumpur, Malaysia

Entry Exams

IELTS : 5.0

Tuition Fee

RM42,000 (USD11,050) (International, total)

Intake

30 November 2026

Program Overview

This programme is specifically designed to provide:

Coverage of the IFoA curriculum and exemptions from 7 professional exams (CS1, CS2, CM1, CM2, CP1, CP2 & CP3) offered by the IFoA.

Course syllabus which covers not only traditional actuarial practice but also advanced data analytics.

Competent teaching staff with professional or specialised academic qualification, possessing work experience from actuarial industries / academia.

Comprehensive guidance to mould graduates to be industry-ready.

Key Modules

  • 1Introduction to Actuarial Mathematics
  • 2Statistics
  • 3Data Analytical Programming
  • 4Professional Communication
  • 5Actuarial Practice I
  • 6Risk Modelling and Survival Analysis I
  • 7Actuarial Statistics I
  • 8Actuarial Mathematics I
  • 9Modelling in Actuarial and Analytics
  • 10Actuarial Practice II
  • 11Financial Engineering and Loss Reserving I
  • 12Application in Industry Practices
  • 13Industry-Based Project
  • 14Managerial Economics
  • 15Econometrics and Casual Inference
  • 16Economics for Business Analytics and Decision Science
  • 17Global Economic Policy

Entry Requirements

  • Bachelor’s degree: Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.75, or its equivalent qualification as accepted by the Senate. Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.50 and not meeting a CGPA of 2.75 can be accepted, subject to a rigorous internal assessment. Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with CGPA less than 2.50 as accepted by the Senate and a minimum of 5 years of working experience in a relevant field may be accepted. Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.75 as accepted by the Senate, subject to passing pre-requisite courses. Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.50 as accepted by the Senate and a minimum of 5 years of working experience in a relevant field may be accepted, subject to passing pre-requisite courses. Bachelor’s degree in non-related fields with a minimum CGPA of 2.75 and a minimum of 5 years of working experience in the related fields as accepted by the Senate, subject to passing the pre-requisite courses, professional courses, or accredited micro-credentials program.

Career Prospects

  • Actuary
  • Data Analyst
  • Data Scientist
  • Data Engineer
  • Risk Analyst
  • Financial Analyst
  • Business Analyst
  • Financial Planning Advisor
  • Investment & Portfolio Manager
  • Regulator
  • Statistician
  • Mathematician
  • Professor

Interested in Master of Science in Actuarial Science with a specialism in Economics?

Apply now and start your journey. Our team will guide you through the entire application process.

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