Study Actuarial Science Courses in Malaysia
Study Actuarial Science Courses in Malaysia
Study Actuarial Science Courses in Malaysia is another specialized field that uses mathematics, statistics, and financial theory to evaluate risks. In addition, Malaysia has emerged as one of the top providers of Actuarial Science education, providing internationally recognized programs that comply with international professional certification requirements. An impressive academic background, coupled with an industry-focused curriculum and internships with top financial institutions, makes universities in Malaysia an excellent place to complete this program. As the cost of tuition is low and the availability of experienced faculty is high, and with the expanding financial sector, it provides an avenue for students to hone the skills required to beat the competition in the local and international markets as an actuary.
What is Actuarial Science?
Using statistical and mathematical techniques, actuarial science evaluates financial risks in the insurance and financial industries. Actuarial science defines, examines, and resolves the financial ramifications of unknown future events using the mathematics of probability and statistics. The use of compound interest, mortality analysis, and life table creation are the main focuses of traditional actuarial science.
Best University for Actuarial Science Courses in Malaysia
Taylor’s University
University of Southampton
Asia Pacific University (APU)
UCSI University
Actuarial Science Course Requirements
For Foundation Requirements:
Academic Requirements:
- SPM/O-Level: Minimum 5 credits, including Mathematics and English.
- Some institutions may require a credit in Additional Mathematics.
- Duration: 1 year
Diploma in Actuarial Science
Academic Requirements:
- SPM/O-Level: Minimum 3-5 credits, including Mathematics and English.
- Some institutions may require a credit in Additional Mathematics.
- Duration: 2-2.5 years
Bachelor in Actuarial Science
Academic Requirements:
- STPM: Minimum 2Cs, including Mathematics.
- A-Levels: Minimum 2 passes, including Mathematics.
- UEC: Minimum 5Bs, including Mathematics.
- Foundation/Diploma: Minimum CGPA 2.50, preferably in a related field.
- International Baccalaureate (IB): Minimum 26 points, including Mathematics.
- English Proficiency (for International Students):
- IELTS: Minimum 5.5 – 6.0
- TOEFL: Minimum 500 – 550 (paper-based) or equivalent.
- Duration: 3-4 years
Why Choose to Study Actuarial Science Courses in Malaysia?
World-Class Education with International Certification: The actuarial science programs in Malaysian universities are accredited by the international actuarial bodies, such as the Society of Actuaries (SOA) and the Institute of Faculty of Actuaries (IFoA) and hence they are recognized world-wide.
Low Tuition Fees & Cost of Living: It is definitely much more affordable to study in Malaysia as compared to the UK, USA or Australia, and the academic standards are very much on par.
High Industry Demand & Career Opportunities: There is excellent job prospect for actuaries in Malaysia as its insurance, finance, and risk management sectors are growing rapidly.
Internship and Networking Possibilities: Working alongside the top insurance companies, banks, and financial firms, universities psych themselves up with hands-on experience and industry exposure.
Broader Learning Context with Multiculturalism: The overall educational application is improved due to Malaysia’s diverse culture and international student community.
This pathway leads to professional certifications: While studying, students are able to sit for SOA, IFoA, PAM (Persatuan Aktuari Malaysia) certifications which help broaden their career prospects globally.
Facilities that are modern & a supportive learning environment: Hence, getting enrolled in the best universities in Malaysia will ensure you get the exposure with state-of-the-art facilities, best faculty and support services for your career as an actuary.
Study Actuarial Science Courses in Malaysia Tuition Fees 2025
1. Taylor’s University
Bachelor Program
| Program | Duration | 1st Sem. Tuition Fees (RM) | Total Tuition Fees (RM) |
| Bachelor of Actuarial Studies (Honours) | 3 Years 2 Months | 29,438 | 115,266 |
2. University of Southampton
Bachelor Program
| Programmes | Duration | Year 1 | Year 2 | Year 3 |
| Economics & Actuarial Science | 3years | RM 48,874 | RM 48,874 | RM 48,874 |
3. Asia Pacific University (APU)
Bachelor Program
| Program Name | Duration | First Semester Fees | Total Fees |
| Bachelor of Science (Honours) in Actuarial Studies with a specialism in Data Analytics | 3 Years (6 Semesters) | RM 17,500 | RM 104,600 |
| Bachelor of Science (Honours) in Actuarial Studies | 3 Years (6 Semesters) | RM 17,500 | RM 104,600 |
| Bachelor of Science (Honours) in Actuarial Studies with a specialism in Financial Technology | 3 Years (6 Semesters) | RM 17,500 | RM 104,600 |
Masters Program
| Program Name | Duration | First Semester Fees | Total Fees |
| Master of Science in Actuarial Science | 1+ Years | RM 13,480 | RM 38,800 |
4. UCSI University
Bachelor Program
| Program Name | Duration | Initial Payment | First-Year Payment | Total Tuition Fees |
| BSc (Hons) Actuarial Science & Finance | 3 Years | RM 26,300 | RM 23,400 | RM 68,900 |
| BSc (Hons) Actuarial Science | 3 Years | RM 26,300 | RM 24,000 | RM 68,900 |
| Bachelor of Science (Honours) Actuarial Science with Data Analytics | Year 3 | RM 26,300 | RM 22,050 | RM 79,350 |
Masters Program
| PROGRAMME | DURATION | INITIAL PAYMENT | FIRST-YEAR PAYMENT | TOTAL TUITION FEES |
| Master of Science (Actuarial Management) | 1 Year | RM 25,000 RM 36,050 |
RM33,339 RM44,389 |
RM33,339 RM44,389 (Bridging Course) |
