Actuarial Science in Malaysia: Complete Guide
Actuarial Science uses mathematics, statistics, and financial theory to analyze uncertainty and risk. It is widely applied in insurance, pensions, investment, and financial risk assessment. Courses include probability, financial mathematics, actuarial models, risk management, statistical inference, and economics.
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Recommended Universities
Heriot-Watt University Malaysia
- SOA/IFoA aligned, strong professional reputation
Sunway University
- SOA VEE accredited courses
Taylor's University
- Exam support and internship platform
UCSI University
- Business analytics and risk management
Asia Pacific University (APU)
- Additional data skills training
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Entry Requirements
Academic Requirements
SPM
Mathematics and Additional Mathematics Credit, good English
UEC
5B, Advanced Mathematics required
Foundation
Science or mathematics stream
Language
MUET Band 3 / IELTS 6.0+
Duration & Fees
Duration: 3-year program
Fees: RM 55,000 - RM 90,000. Many programs include SOA VEE accreditation and support for professional exams.
Fees: RM 55,000 - RM 90,000. Many programs include SOA VEE accreditation and support for professional exams.
Salary & Career Prospects
| Position | Requirements | Salary Range | Career Path |
|---|---|---|---|
| Actuarial Assistant | Entry level, exam progress | RM 3,500 - RM 5,000 | Insurance, risk analysis |
| Actuary | Professional exams (SOA, IFoA) | RM 120,000+ annually | Insurance, reinsurance, pension funds |
| Risk Management Consultant | Risk analysis, consulting | RM 80,000 - RM 150,000+ | Consulting, financial services |
| Investment Analyst | Finance, statistics | RM 60,000 - RM 120,000+ | Investment, asset management |
Career Advantages: Actuaries are highly paid and in demand. Entry-level assistants start at RM 3,500 - RM 5,000, and fully qualified actuaries can easily earn over RM 120,000 annually. Career paths include insurance, risk consulting, reinsurance, pension funds, and investment analysis.
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US 12458 
GB 10191 
CA 9076 
AU 8803 
IE 6112 
NZ 2850 
BR 1941 
CN 1016 
