Why Study Master of Science in Actuarial Science at APU?

Students choose this programme because it offers:

• Curriculum aligned with the Institute and Faculty of Actuaries (IFoA), UK).
• Opportunity to obtain exemptions from seven IFoA professional examinations (CS1, CS2, CM1, CM2, CP1, CP2 and CP3), subject to achieving the required standards.
• APU is the first university in Asia to offer IFoA exemptions for CP1, CP2 and CP3 through this programme.
• Combines traditional actuarial science with advanced data analytics.
• Taught by experienced academics and actuarial professionals.
• Strong focus on industry readiness through practical learning and applied projects.
• Recognised by employers, with APU identified as an Employers' Top Choice for Actuarial Science by TalentBank.
• Excellent preparation for careers in insurance, pensions, investments, banking, consulting, and data science. 

Programme Structure / Subjects Offered

Core Modules

The programme includes advanced study in areas such as:

• Advanced Actuarial Mathematics
• Survival Models
• Financial Engineering
• Risk Modelling
• Stochastic Modelling
• Statistical Methods for Actuarial Science
• Financial Economics
• Insurance Risk Management
• Pension and Life Contingencies
• Advanced Data Analytics for Actuaries 

Disciplines / Areas of Specialisation

The programme develops expertise in:

• Actuarial Science
• Insurance Mathematics
• Financial Risk Management
• Investment Analysis
• Pension Modelling
• Life Insurance
• General Insurance
• Enterprise Risk Management
• Financial Mathematics
• Statistical Modelling
• Predictive Analytics
• Data Analytics
• Quantitative Finance

Programme Highlights

• Ranked university among the Top 2% worldwide.
• Accredited curriculum aligned with the Institute and Faculty of Actuaries (IFoA), UK).
• Eligible graduates may receive exemptions from seven IFoA professional examinations.
• First university in Asia offering CP1, CP2 and CP3 exemptions through this master's programme.
• Curriculum integrates advanced data analytics with actuarial practice.
• Strong employer recognition, including TalentBank Employers' Top Choice for Actuarial Science.
• Experienced academic staff with professional actuarial backgrounds.
• Excellent preparation for professional actuarial qualifications and research careers. 

Career Outcomes

Graduates can pursue careers such as:

• Actuary
• Actuarial Analyst
• Risk Analyst
• Enterprise Risk Manager
• Insurance Consultant
• Pension Consultant
• Investment Risk Analyst
• Financial Risk Consultant
• Pricing Analyst
• Reinsurance Analyst
• Quantitative Analyst
• Data Scientist
• Predictive Analytics Specialist
• Insurance Product Manager
• University Lecturer or Researcher

Visa Requirements for International Students

International students studying on campus must obtain a Malaysia Student Pass before beginning their studies.

Typical requirements include:

• Valid passport
• APU Offer Letter
• Acceptance of Offer
• Tuition fee payment (where applicable)
• Academic transcripts and certificates
• English language qualification
• Passport-sized photographs
• Medical examination
• Student Pass application processed through Education Malaysia Global Services (EMGS)

Latest Updates / Special Requirements

• APU continues to be ranked among the Top 2% of universities worldwide.
• The MSc in Actuarial Science remains fully aligned with the IFoA (UK) curriculum.
• Eligible graduates can obtain up to seven IFoA examination exemptions (CS1, CS2, CM1, CM2, CP1, CP2 and CP3), making it one of the most professionally recognised actuarial master's programmes in Asia.
• The curriculum integrates advanced data analytics, reflecting the increasing use of data science in actuarial practice.
• 2026 intakes are available in August and November for full-time students, with August and October intakes for part-time students.