Year 1

• Probability and Statistics A
• Probability and Statistics B
• Linear Algebra
• Actuarial and Financial Mathematics A
• Actuarial and Financial Mathematics B
• Multivariable Calculus and Real Analysis A
• Multivariable Calculus and Real Analysis B

Optional and elective courses available for Year 1 include:

• Finance and Financial Reporting
• Operations Management

Year 2

• Life Insurance Mathematics A
• Life Insurance Mathematics B
• Stochastic Processes
• Survival Models
• Derivative Markets and Discrete-time Finance
• Statistical Models A
• Statistical Models B
• Portfolio Theory & Asset Models

Year 3

Students typically take Introductory Economics, Continuous-time Finance, Risk Theory, and Time Series Analysis and can choose from a range of options such as Statistics for Social Science, Bayesian Inference and Computational Methods, Statistical Machine Learning and Optimisation.

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.

• Heriot-Watt University Malaysia Foundation in Science: ABBC – A in Mathematics, B in Physics, B in Chemistry, C in Academic English/Study Skills
• Heriot-Watt University Malaysia Foundation in Business: ABBC – A in Mathematics, B in Accountancy and Finance, B in Business Management, C in Academic English/Study Skills
• A-Level/STPM: ABB including A in Mathematics
• UEC: 8 points or less (5 subjects not less than B grade)
• WACE/SACE: ATAR 90
• SMA 3 (Indonesia): 8
• IB Diploma: 28 points (Minimum 6 in HL Mathematics)
• Diploma with high level of attainment in mathematics recognised by the Malaysian Government, acceptable to the University.
• Any other relevant qualification with high level of attainment in mathematics recognised by the Malaysian Government, acceptable to the University.

English language requirements

If English is not your first language, then evidence of proficiency equivalent to IELTS 6.5 is required.

If you do not have IELTS 6.5, we offer a Pre-Sessional English Programme (PSEP) prior to commencing your studies.