Bachelor of Science (Hons) in Actuarial Studies

Overview

This programme 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 professional recognition as an actuary from a globally recognised professional actuarial body.

In addition to the programme being offered at Sunway University's main campus, Sunway College Ipoh is now offering Bachelor of Science (Hons) in Actuarial Studiess in collaboration with Sunway University. Click this link for more info.

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Intakes
January, April, September
Duration
3 Years (full-time)
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
Estimated Annual Course Fee
  • RM34,000
    for Malaysian students
  • USD7,822
    for international students
International students must pay their fees in RM equivalent. The USD here is just an indicative/estimation and subject to the prevalent exchange rate

Programme Structure

Year 1

Advanced Calculus
Calculus
English for Business
Entrepreneurial Mindset & Skills
Introduction to Probability
Introductory Economics
Linear Algebra & Applications
Principles of Business Finance
Principles of Financial Accounting
Programming Principles
Theory of Interest

Year 2

Communication Skills
Derivative Securities I
Derivative Securities II
Introduction to Statistics
Life Contingencies I
Life Contingencies II
Mathematical Methods
Regression Analysis
Free Elective I

Year 3

Community Project
Free Elective 2
Internship
Ratemaking & Loss Reserving for General Insurance
Simulation & Credibility Theory
Stochastic Processes

Electives (choose 3 in Year 3)

Advanced Actuarial Mathematics & Finance
Advanced Actuarial Statistics
Design of Experiments
Discrete Mathematics
Multivariate Analysis
Research Project
Risk Theory
Survival Models
Time Series & Forecasting

Additional MOHE compulsory General Studies subjects

 

For Local Students

  • Appreciation of Ethics and Civilisation
  • Bahasa Kebangsaan A (applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu) OR Critical Thinking
  • Community Service for Planetary Health
  • Integrity & Anti-Corruption
  • Philosophy and Current Issues

 

For International Students

  • Appreciation of Ethics and Civilisation
  • Community Service for Planetary Health
  • Critical Thinking
  • Integrity & Anti-Corruption
  • Malay Language for Communication 2
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Student studying

Entry Requirements

STPM

Average C+ or CGPA 2.33 (minimum 2 Principals)

A-Level

Minimum 12 points (Minimum of Grade D from 2 subjects)

Note: For A-Level points calculation

A = 10 points    B = 8 points    C = 6 points    D = 4 points    E = 2 points

Australian Matriculation

ATAR 60

Canadian Matriculation

60%

Monash University Foundation Year

60%

Sunway Foundation in Arts

CGPA 2.0

Sunway Foundation in Science Technology

CGPA 2.0

Unified Examination Certificate

Maximum 26 points from 5 subjects (all Grade Bs)

International Baccalaureate

Completed with minimum 25 points (excluding bonus points)

Sunway Diploma Studies

CAVG 50% or CGPA 2.0
* Students may obtain advanced standing if credit transfer requirements are met.

Other Qualifications
  • Any other equivalent qualifications
  • Applicant with no standard qualification will be considered on a case-to-case basis
APEL.A

An APEL.A Certificate (APEL T-6) (Recognition of Prior Learning) 
(Click on this link for further information on APEL.A)

Specific Requirements

  • Credit in Mathematics at SPM or equivalent

English Language Requirements

  • IELTS or equivalent 6.0
  • PTE Academic 50 overall (minimum 46 in each skill)
  • MUET Band 4
  • SPM English B3 or B+
  • UEC English B4
  • O-Level English (1119) Credit
  • Sunway Intensive English Programme (IEP) Pass Level 4 with minimum 65%
  • ESL/English Satisfactory level in Pre-University programmes, where the medium of instruction is English

Professional Pathways & Exemptions

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IFoA

Our programme is accredited by the Institute and Faculty of Actuaries (IFoA), UK. Students in our programme are eligible for exemptions from 6 IFoA papers, which are: CS1, CS2, CM1, CM2, CB1, and CB2.

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SOA

Our programme is also recognised by the Society of Actuaries (SOA), US. As the SOA requires students to undertake courses to fulfil 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 programme.

Note: Eligibility of exemptions is determined based on subjects taken and grades obtained.

In-house Actuaries

Together with academic staff, our in-house actuaries ensure that our programme syllabus is in close alignment with the industry needs. Our students are highly employable as they are at the forefront in meeting the rising needs for actuarial expertise globally.

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Sophia Ch'ng

Sophia Ch'ng

Immediate past president of Actuarial Society of Malaysia. 20 years of experience in the insurance industry, ranging from life insurance, general insurance, takaful business to shared services. 

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Nicholas Yeo

Nicholas Yeo

Founder of Nicholas Actuarial Solutions, with clients across the ASEAN region. Lectures on Actuarial Statistics and Mathematics subjects.

 

Actuarial Practice Course (APC)

 

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Actuarial Practice Course (APC)
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Actuarial Practice Course (APC)

Actuarial Practice Course (APC) is conducted by our in-house actuary, Ms Sophia Ch’ng, Fellow of the Institute & Faculty of Actuaries (UK).

Get ahead with this 3-month intensive hands-on course designed to prepare actuarial students to be employment-ready. It incorporates feedback from our practicing actuaries and industry practitioners in the course design. This course is conducted by our in-house actuary - Ms Sophia Ch’ng, focusing on current topics in the insurance industry.

In addition to the standard university subjects and assignments, students have the option to enrol in this course, offered exclusively to Sunway University’s actuarial students without additional charges.

We are proud to have a track record of 100%* employment in actuarial-related positions for students who successfully completed this APC.

*Based on School of Mathematical Sciences graduate tracer study

Student Testimonials

  • Wai Chong Yin, FSA

    Wai Chong Yin, FSA

    • Currently working at Great Eastern Life Assurance Malaysia Berhad, Actuarial Assistant Manager in IFRS 17 Project Team
    • Previously attached with Actuarial Partners Consulting Sdn Bhd, Actuarial Analyst in Life Insurance/ Takaful Team
    • Interned at Actuarial Partners Consulting Sdn Bhd (General Insurance/ Takaful Team)
    • Fellow of the Society of Actuaries (March 2020)
    • Sunway University, BSc (Hons) Actuarial Studies, 1st class Honours, Class of 2017
  • Tan Min Li

    Tan Min Li

    • 2021 Sir Edward Johnston Prize recipient - awarded to the best performing graduating students on the actuarial programmes at several universities which are linked to the IFoA.
    • Obtained the full 6 IFoA exemptions
      Currently working at AIA Public Takaful as an Actuarial Associate, a position she secured prior to graduation
    • Past President of the Sunway Actuarial & Financial Excellence (SAFE) society 
    • Sunway Special Scholarship recipient, and Advance & Continuing Excellence (ACE) 
    • Scholar from Sunway Foundation in Arts 
    • 2021 Sir Edward Johnston Prize recipient
    • Sunway University, BSc (Hons) Actuarial Studies, 1st class honours, Class of 2021

Scholarships and Financial Aid

For more information about the scholarships and financial aid, please visit the SEG Scholarships website.

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