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 BSc (Hons) in Actuarial Studies in collaboration with Sunway University. Click this link for more info.
- Actuarial reserving analyst
- Catastrophe risk analyst
- Chief actuary in casualty insurance/health/life/property
- Chief Executive Officer
- Chief financial officer
- Financial risk manager
- RM34,000
for Malaysian students
- USD7,822
for international students
Programme Structure
Year 1
Year 2
Year 3
Electives (choose any 3 in Year 3)
Additional MOHE compulsory General Studies subjects
For Local Student
- Appreciation of Ethics and Civilisation
- Philosophy and Current Issues
- Community Project
- 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 Project
Entry Requirements
Average C+ or CGPA 2.33 (minimum 2 Principals)
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
ATAR 60
60%
60%
CGPA 2.0
CGPA 2.0
Maximum 26 points from 5 subjects (all Grade Bs)
Completed with minimum 25 points (excluding bonus points)
CAVG 50% or CGPA 2.0
* Students may obtain advanced standing if credit transfer requirements are met.
- Any other equivalent qualifications
- Applicant with no standard qualification will be considered on a case-to-case basis
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
Professional Pathways & Exemptions
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.
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.
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.
Nicholas Yeo
Founder of Nicholas Actuarial Solutions, with clients across the ASEAN region. Lectures on Actuarial Statistics and Mathematics subjects.
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
- 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
- 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.
Ask a question
If you’d like to know more about studying at Sunway University, we’d love to hear from you.
