BSc (Hons) Actuarial Science

Actuaries assess the probable effects of future events and manage risk and uncertainty. The brilliance of Heriot-Watt's Actuarial Science curriculum is well-known worldwide. In addition to developing highly transferable mathematical skills, it includes all the courses necessary to guarantee a successful start to a career as an actuary. Actuarial Science may be the right school for you if you are a strong mathematician, like solving problems, and want a degree that will set you up for a lucrative and intellectually stimulating future.
The extremely successful BSc Actuarial Science degree, which is recognised by the UK Actuarial Profession, is modelled after this bachelor's degree. The time required to become a Fellow of the Institute and Faculty of Actuaries can be greatly shortened as a result.

Any of These:

• A-Level / STPM: ABB including A in Mathematics
• UEC: 8 points including A1 in Mathematics and Advanced Mathematics, A2 in English (5 subjects not less than B grade)
• ATAR (WACE/SACE):
  • WACE: 90 including 80% in Mathematics Method / Specialist
  • SACE: 90% including 17 in Mathematics Method / Specialist
• Canada Year 12 High School Diploma: CPU is not acceptable
• International Baccalaureate Diploma: 28 points with 6 in HL AA Mathematics (HL Analysis and Approaches Mathematics)
• Matriculation/Foundation: CGPA 3.5 (further assessment is required)
• Diploma: Diploma with CGPA 3.5 (further assessment is required)
• Foundation in Business / Foundation in Science (from Heriot-Watt University Malaysia): Grade C average including A in Mathematics and C in English
• SMA 3 (Indonesia): 8.0 including 8.0 in Mathematics
• Year 12 State Board High School Examination (India): 75% including 80% in Mathematics
• Senior High School Graduation Certificate (China): 80% including 80% in Mathematics

Important Notes:

• Applications are strongly encouraged from individuals with a wide range of qualifications.
• Eligibility is best assessed through a completed application with academic documentation.
• Entry requirements are subject to change, and individual offers may vary.

English Language Requirements:

• For Non-Native English Speakers:
  • Evidence of English language ability is required.
  • Minimum IELTS 6.5 (or equivalent) with no score lower than 6.0.
• English Language Courses:
  • Offered for those who do not meet the IELTS 6.5 requirement.

Year 1:

• Mandatory September:
  • Real Analysis
  • Linear Algebra
  • Algorithmic and Scientific Programming
  • Probability and Statistics A
• Mandatory January:
  • Multivariable Calculus
  • Data Science Life Cycle
  • Actuarial and Financial Mathematics
  • Probability and Statistics B
• Optional September:
  • National Language A (MPU 3212)
  • Self-Empowerment and Social Responsibility I
• Optional January:
  • Malay Language Communication 2 (MPU 3143)
  • Integrity and Anti-Corruption
  • Appreciation of Ethics and Civilisations
  • Self-Empowerment and Social Responsibility II

Year 2:

• Optional September:
  • Life Insurance Mathematics A
  • Statistical Models A
  • Stochastic Processes
  • Economics for professionals
  • Philosophy and Current Issues
• Optional January:
  • Ordinary Differential Equations
  • Life Insurance Mathematics B
  • Statistical Models B
  • Database Management Systems
  • Survival Models

Year 3:

• Mandatory September:
  • Time Series and Machine Learning
• Optional September:
  • International Bond and Currency Markets
  • Optimisation
  • Further Statistical Methods
  • Continuous-Time Finance
• Mandatory January:
  • Risk Theory
• Optional January:
  • Taxation in Malaysia
  • Bayesian Inference & Computational Methods
  • Advanced Machine Learning