Entry Requirement
To study Actuarial Science in Malaysia you will need the required subject for SPM or equivalent is Mathematics.
For A-Level , STPM or Equivalent the needed subject is of course Mathematics, however, if you have covered advanced Mathematics , Economics and or Physics will help you in the long run.
- A-Level: Minimum of 2Es including Mathematics
- STPM: Minimum of 2Cs including Mathematics
- Australian Matriculation: Minimum of ATAR 60 with an average of 60% in Mathematics
- Foundation in Arts or Science: Minimum CGPA of 2.00
- Diploma: Minimum CGPA 2.00
In addition to the above requirement, you will also need a minimum of 5c’s in SPM including Mathematics to study Actuarial Science Degree from Malaysian University. Few Universities may also require you to score well in English Proficiency tests such as IELTS.
The Entry requirement for Actuarial Science in Malaysia differs from University to University hence, it is recommended to do your research before you apply in Malaysian Universities.
FAQs : ACTUARIAL SCIENCE
Studying Actuarial Science in University of Malaysia
This will help you to develop your mathematical, statistical and analytical knowledge. You will study about Risk Management which will teach you how to assess the probability of the events happening in the future and will decrease the risk of undesirable events. These skills are important for you to become a qualified Actuary in Malaysia or anywhere worldwide.
Whilst Studying Actuarial Science Degree from University in Malaysia , you will come across many subjects that will include mathematical and statistical techniques.
Below are some subjects you will learn in Actuarial Science from Malaysia:
- Probability & Statistics
- Calculus
- Introductory Economics
- Life Contingencies
- Risk Theory
- Survival Analysis
- Loss Models
- Risk Management and Insurance
A lot of calculations and Problem solving skills are taught when you take up the Degree course in Actuarial Science in Malaysia. Hence, it is recommended that you are proficient in Mathematics and specially in statistics. By the time you complete your Degree Programme in Actuarial Science from Malaysian University, you will have a deep knowledge of assessing risks and how you can minimize the cost associated with these risks.
Are Actuary in demand in Malaysia?
Actuaries are engaged in life insurance, retirement benefit consultancies, asset management, post retirement medical benefit, and general insurance. It is therefore no surprise that over the years, demand for actuaries has risen significantly in Malaysia and is likely to continue.
How many Actuaries are there in Malaysia?
164
With only 164 qualified actuaries in Malaysia, the market for actuaries can perhaps still be considered unsaturated.
Are Actuaries in demand in Malaysia?
Employment of actuaries is projected to grow 18 percent from 2019 to 2029, much faster than the average for all occupations. Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new, emerging risks.
Is the exam in Actuarial Science in Malaysia hard?
The real challenge begins with the actuarial exams. These exams are difficult because it requires an in-depth understanding of the various concepts and materials at hand. They are definitely more difficult than your typical math exams in school
