KPT/JPS (PA4166) 06/19
Actuaries manage risk and uncertainty and evaluate the likely impact of future events. Heriot-Watt’s Actuarial Science programme is world-famous for its excellence. It contains all the courses that are essential for ensuring a flying start to a career as an actuary whilst at the same time fostering highly transferable mathematical skills.
If you excel at mathematics, enjoy problem solving and are looking for a degree that will prepare you for a rewarding career – both intellectually and financially – Actuarial Science could be the programme for you.
This Bachelor’s degree mirrors the highly successful BSc Actuarial Science degree offered in the UK, which is accredited by the UK Actuarial Profession. It is expected that the programme in Malaysia will also offer exemptions from all Core Technical subjects, CT1 to CT8, for students performing sufficiently well. This can significantly reduce the time taken to qualify as a Fellow of the Institute and Faculty of Actuaries.
Probability and Statistics; Actuarial and Financial Mathematics; Linear Algebra; Multivariate Calculus and Real Analysis; Finance and Financial Reporting and practical work.
Life Insurance Mathematics; Statistical Models; Stochastic Processes; Portfolio Theory and Asset Models; Survival Models; Derivative Markets and Discrete-time Finance and project work.
Risk Theory; Financial Risk Management; Pension Funds; Life Office Practice; Time Series; Bayesian Inference and other electives in mathematics and economics.
In accordance with our normal practice our professionally orientated programmes are designed to meet the educational requirements for membership of relevant professional institutions. In addition to recognition within Malaysia, we seek accreditation by the relevant UK or international professional bodies in accordance with their standard procedures.
Employment prospects are good, with excellent financial rewards. Our students readily find work as trainee actuaries and graduates are also well-equipped for more general careers like accountancy, banking, stockbroking or teaching. What’s more, actuarial skills are appreciated anywhere in the world.
Teaching is delivered through a combination of lectures, tutorials and project work. Course assessment is generally based on either coursework or an exam at the end of the semester, or a mixture of the two at the end of the semester or academic year.
If English is not your first language, then evidence of proficiency equivalent to IELTS 6.5 is required.
Source: Heriot-Watt University