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Competitive Employability Edge In Actuarial Science
APU’s Actuarial Science Programme fully accredited by the IFoA, UK and recognized by the SOA, US. Offers maximum exemptions to attain associateship and fellowship.
The Star: https://www.thestar.com.my/starpicks/2021/06/10/20-increase-in-demand-for-actuaries-globally-in-the-coming-decade#.YMFjf-P2Mu0
Sinchew Daily: https://www.sinchew.com.my/content/content_2492586.html
“Every risk comes with an opportunity”. Risk analysis and management are no stranger to professional actuaries, as they deal with different types of risks daily. They calculate, assess, and analyze potential risks that may impact businesses, to help clients on mitigating the cost of the potential risks.
According to experts, there will be a 20% increase in the demand of actuaries globally in the coming decade . This indicator surpasses other occupations, as industries now see a need to develop new insurance products and assess new, emerging risks. While employment opportunities are on the rise, it is an opportunistic era for our school leavers – if you consider embarking onto a career as a professional actuary, the time is now.
As you kickstart your journey as a professional actuary, selecting the right pathway helps you to make the journey a smoother one. Robert Walters Malaysia, a consultancy for professional talents, indicated that a full actuarial qualification coupled with excellent soft skills and technical operational capabilities play a major role in ensuring candidates stand out from the crowd to secure great opportunities with their dream employers.
APU’s BSc (Hons) Actuarial Studies offers Double the Advantage with a Dual Award from De Montfort University (UK), maximum exemptions from IFoA and SOA to attain associateship and fellowship and enrich global community.
Your Road to Success – Qualification Matters
APU’s BSc (Hons) Actuarial Studies offers Double the Advantage with a Dual Award from De Montfort University (UK), maximum exemptions from IFoA and SOA to attain associateship and fellowship and enrich global community.
In 2018, Asia Pacific University joined the top universities worldwide to receive full IFoA accreditation for its BSc (Hons) Actuarial Studies. With the accreditation, APU students who achieve the required standard can be eligible for maximum exemptions from CS1, CS2, CM1, CM2, CB1 and CB2. The exemptions significantly reduce the time and effort required for the graduates in attaining their associateship and fellowship.
APU’s Actuarial Science programme fully accredited by the IFoA, UK and recognized by the SOA, US.
IFoA Foundation Scholarship
APU is one of a few IFoA’s partner universities in Asia to secure major IFoA scholarships for its students pursuing actuarial studies. Every year, the top five graduates will receive the Foundation’s Scholarships (worth £4490) awarded by the IFoA. In addition, the best among the five will also receive the Sir Edward Johnston Prize (worth £250). These scholarships will play a role in easing the financial burden of students as they complete the remaining examinations in the future.
Wendy Wong Wei Wei, Class of 2020 graduate of the BSc (Hons) Actuarial Studies programme, is the first recipient from APU to attain the Sir Edward Johnston Prize. Currently an IFRS17 Technical Consultant at multinational analytics company, SAS Institute Inc., Wendy expressed her gratitude towards her lecturers.
“Our lecturers are patient and supportive in our pursuit in both club activities as well as the actuarial exams. Other than providing knowledge and guidance in our coursework, lecturers shared their experience and encouraged us to spend independent learning time to develop skills needed. I’m grateful for the facilities provided and opportunities given to learn as much as possible,” said Wendy. | |
Choo Jah Veen, Class of 2020 graduate of the BSc (Hons) Actuarial Studies programme, received a full-time offer following her exceptional internship at Sun Life Malaysia Assurance Berhad. She is currently working on product development & pricing and is looking forward to becoming a qualified actuary in the near future.
"Employers are looking for well-rounded actuarial graduates - professional exams, internship experience, and strong analytical skills. Gladly these were all covered by the actuarial studies programme at APU," says Jah Veen. | |
Besides the IFoA accreditation, APU is also recognized by the SOA that its BSc (Hons) Actuarial Studies is designed to prepare students for all the six preliminary exams (P, FM, IFM, LTAM, STAM, and SRM) in the new SOA curriculum. This is in addition to the approved coursework for all the three Validation by Educational Experience (VEE) topics. To date, APU is the only Malaysian universities that has all the six preliminary exams and three VEE topics listed in its SOA Universities & Colleges with Actuarial Programs (UCAP) profile.
APU Students Secure All Top Positions for Actuarial Competition
At the recently concluded Hackathon organized by the Malaysian Actuarial Students Association (MASA), APU teams bagged all the top 3 winning positions. It is also a strong testament of the quality of APU programmes as well as the capabilities of APU students, to compete among the best Actuarial & Data Science talents in Malaysia.
According to the latest Annual Graduate Tracer Study by the Higher Education Ministry, 100% of APU graduates were employed upon graduation. This is a significant symbol of APU’s success and pride in nurturing professionals for global careers.
APU is one of a few IFoA’s partner universities in Asia to secure major IFoA scholarships for its students pursuing actuarial studies.