About Bachelor’s Degree in Actuarial Science in Malaysia
A Bachelor’s Degree in Actuarial Science in Malaysia is ideal for students who enjoy mathematics, statistics, and problem-solving, and want a career in financial risk analysis. Actuarial science focuses on evaluating uncertainty and risk using mathematical models, data analysis, and financial theory. Graduates are highly valued in industries such as insurance, banking, investments, pensions, and risk management.
Malaysia has a growing demand for actuarial professionals due to the expansion of insurance, takaful, fintech, and financial services sectors. For international students, Malaysia offers a cost-effective education with globally recognised qualifications, while Malaysian students benefit from strong industry exposure and professional exam pathways.
Several private universities in Malaysia offer actuarial science degrees that align with international standards and provide exemptions from professional actuarial bodies such as the Institute and Faculty of Actuaries (IFoA) and Society of Actuaries (SOA).
Program Overview
A Bachelor’s in Actuarial Science in Malaysia typically takes 3 to 4 years to complete. The programme combines mathematics, statistics, finance, economics, and computing to prepare students for real-world risk assessment roles.
1. Core Subjects
Students usually study:
Year 1:
Calculus, Probability & Statistics, Linear Algebra, Programming Basics, Introduction to Economics.
Year 2:
Financial Mathematics, Statistical Modelling, Corporate Finance, Risk Theory, Actuarial Methods.
Final Year:
Life Contingencies, General Insurance, Investment Models, Enterprise Risk Management, Actuarial Case Studies.
2. Electives & Focus Areas
Depending on the university, electives may include:
- Insurance & Takaful Studies
- Financial Risk Management
- Data Analytics
- Investment & Portfolio Analysis
Admission Requirements for a Bachelor’s in Actuarial Science in Malaysia
1. Malaysian Students
- STPM: Minimum 2 Cs, including Mathematics
- Foundation in Science/Engineering/Business: Minimum CGPA 2.5
- Diploma (related field): Minimum CGPA 2.5 (credit transfer may apply)
2. International Students
- A-Levels: Minimum 2 passes, including Mathematics
- IB: Minimum 24 points with Mathematics
- Foundation or Diploma: Equivalent to Malaysian pre-university qualification
- English Requirement: IELTS 5.5–6.0 or equivalent
Students with 11 years of education must complete a recognised pre-university programme before entering a bachelor’s degree.
Why Study Actuarial Science in Malaysia?
1. Professionally Recognised Universities
Universities in Malaysia offer actuarial science programmes aligned with global actuarial syllabi, allowing students to gain professional exam exemptions and industry-relevant skills.
2. Strong Career Demand
Actuaries are consistently among the highest-paid finance professionals, with strong demand in insurance, banking, investments, and data-driven risk roles across Asia and beyond.
3. Affordable & Internationally Relevant
Compared to the UK or Australia, studying actuarial science in Malaysia offers lower tuition fees and living costs, while maintaining international recognition—especially attractive for international students.
Career Opportunities After an Actuarial Science Degree
Graduates can work as:
- Actuarial Analyst
- Risk Analyst
- Insurance Analyst
- Investment Analyst
- Data Analyst
- Pension or Takaful Consultant
Many graduates continue professional exams to become fully qualified actuaries, significantly increasing long-term earning potential.
Want to Study Actuarial Science in Malaysia?
Choosing the right university is key to building a successful actuarial career. EasyUni helps Malaysian and international students compare private universities, check entry requirements, and apply with confidence. Speak to our advisors today and start your actuarial journey in Malaysia.
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