Master of Science in Actuarial Science with a specialism in Business Analytics
Asia Pacific University of Technology & Innovation · Kuala Lumpur, Malaysia
QS World University Ranking: N/A
Quick Overview
Apply Now📘 Program Overview
The Master of Science in Actuarial Science with a specialism in Business Analytics at Asia Pacific University of Technology & Innovation (APU) provides coverage of the IFoA curriculum and includes exemptions from IFoA professional exams CP1, CP2 and CP3, alongside an actuarial syllabus that also covers industrial business analytics.
The programme includes 10 compulsory core modules, one industry-based project, and four specialised modules, and it is designed to build industry-ready skills for roles such as actuary, risk analyst, data analyst, business analyst, and financial analyst.
🎯 Course & Curriculum
Course structure
- Pre-requisite modules for non-actuarial students: Introduction to Actuarial Mathematics and Statistics
- Core modules covering actuarial foundations and risk analytics: Actuarial Practice I, Risk Modelling and Survival Analysis I, and Actuarial Statistics I
- Core modules building mathematical and modelling capability: Actuarial Mathematics I and Modelling in Actuarial and Analytics
- Industry-focused teaching and outputs through Application in Industry Practices and Industry-Based Project
- Core modules extending actuarial and analytics practice: Actuarial Practice II and Financial Engineering and Loss Reserving I
- Specialised modules focused on business analytics: Business Intelligence Systems
- Specialised modules focused on behavioural and data-driven marketing analytics: Behavioral Science, Social Media and Marketing Analytics
- Specialised modules supporting decision science and advanced analytics/visualisation: Economics for Business Analytics and Decision Science and Advanced Business Analytics and Visualization
Curriculum
| Semester | No. of modules | Module / subject category | credit hours | Semester total |
|---|---|---|---|---|
| Semester 1 | Core modules and pre-requisite modules (for non-actuarial students where applicable) | Introduction to Actuarial Mathematics | ||
| Statistics | ||||
| Data Analytical Programming | ||||
| Professional Communication | ||||
| Actuarial Practice I | ||||
| Semester 2 | Core modules and project | Risk Modelling and Survival Analysis I | ||
| Actuarial Statistics I | ||||
| Actuarial Mathematics I | ||||
| Modelling in Actuarial and Analytics | ||||
| Actuarial Practice II | ||||
| Semester 3 | Core modules and project | Financial Engineering and Loss Reserving I | ||
| Application in Industry Practices | ||||
| Industry-Based Project | ||||
| Industry-Based Project |
Career outcomes
- You build job-ready actuarial and analytics skills through a curriculum that combines conventional actuarial practice with industrial business analytics.
- You graduate prepared for roles that sit at the intersection of finance, risk, and data, including Actuary, Risk Analyst, Data Analyst, and Business Analyst.
- The Industry-Based Project and Applied Industry Practices focus help you translate classroom learning into real-world business problems.
- Your programme pathway supports progression towards professional actuarial credentials (IFoA CP1, CP2 and CP3 exemptions eligibility when you achieve the required standard).
- You develop strengths employers look for in reporting, communication, and modelling, supporting progression from analyst roles into regulator, financial analyst, and investment/portfolio roles.
Employability rate
APU states that its postgraduate programmes target 100% employability.
You can expect strong employability outcomes because this MSc is structured to be industry-ready in actuarial practice and business analytics.
✅ Entry Requirements
Academic qualification
| Requirement | Details |
|---|---|
| Bachelor’s degree (relevant fields) | International applicants must have a Bachelor’s degree in Actuarial, Mathematics, Statistics or Computing with a minimum CGPA of 2.75 (or its equivalent as accepted by the Senate). ACGPA of 2.50 may be accepted subject to a rigorous internal assessment. A CGPA below 2.50 may also be accepted with a minimum of 5 years of relevant working experience, subject to Senate acceptance. |
| Bachelor’s degree (Finance or Economics) | International applicants must have a Bachelor’s degree in Finance or Economics with a minimum CGPA of 2.75 (or its equivalent as accepted by the Senate), subject to passing pre-requisite courses. A CGPA of 2.50 may be accepted with a minimum of 5 years of working experience in a relevant field, also subject to passing pre-requisite courses. |
| Bachelor’s degree (non-related) with relevant experience | International applicants with a Bachelor’s degree in non-related fields may be accepted with a minimum CGPA of 2.75 and a minimum of 5 years of working experience in the related fields as accepted by the Senate. Acceptance is subject to passing the pre-requisite courses, professional courses, or accredited micro-credentials programme. |
Module matching by study area
| Study area | Match possible? | Conditions |
|---|---|---|
| Business & Management | Direct match |
Language requirements
APU requires international applicants to meet the programme English entry requirement to ensure you can successfully follow and complete the coursework and project.
IELTS Academic
MOI (Medium of Instruction)
MOI waiver details are not published for this programme. See the English test requirements above.
💶 Fees & Funding
| Item | Amount | Notes |
|---|---|---|
| Tuition | MYR 42000 / total program | Official APU fees for international students: RM 42,000 total. Fees stated here exclude deposits and other miscellaneous fees, and exclude 6% Sales and Service Tax (SST). |
Proof of financial resources
International applicants are expected to show they can finance tuition and living costs for their study period. Your offer and student pass process may require you to provide proof of financial support.
- Provide proof of financial support for your Malaysia student visa application when requested by the process
- Ensure you have access to funds to pay tuition and other required university fees for the intake
Important dates
Application window
| Milestone | August - Summer intake | November - Winter intake |
|---|---|---|
| Application portal opens | April 01, 2026 | April 01, 2026 |
| Application deadline (final submit) | July 15, 2026 | July 15, 2026 |
| Application deadline (EU students) | N/A | N/A |
| Application deadline (Non-EU students) | N/A | N/A |
| Recommended apply-by | N/A | N/A |
| Semester begins | August 03, 2026 | November 30, 2026 |
Pre-application & reviews
| Milestone | August - Summer intake | November - Winter intake |
|---|---|---|
| VPD request - recommended | N/A | N/A |
| VPD result expected | N/A | N/A |
| APS - recommended | N/A | N/A |
| Start eligibility check | N/A | N/A |
Document submission deadlines
| Milestone | August - Summer intake | November - Winter intake |
|---|---|---|
| Application submission deadline | N/A | N/A |
| Document submission deadline (EU students) | N/A | N/A |
| Document submission deadline (Non-EU students) | N/A | N/A |
| Language certificate deadline | N/A | N/A |
| Official transcripts deadline | N/A | N/A |
| Certified translations deadline | N/A | N/A |
| Postal / hard-copy documents deadline | N/A | N/A |
| Missing documents (if requested) | N/A | N/A |
📝 How to Apply
Request an offer for the programme
Submit your application through APU’s international applicant pathway so the university can review your eligibility for the Master of Science in Actuarial Science with a specialism in Business Analytics. APU’s international admissions process includes document review before an offer is issued. If your documents are complete, you will typically receive results within a short period after receipt.
Confirm admission and start visa processing
After you receive the Letter of Offer, confirm your enrolment and complete the required pre-arrival processing payment and submitted documents to enable the next stage of student pass application. The process includes submitting your application to EMGS (Education Malaysia Global Services). APU advises applying early so forms arrive well ahead of the intake date.
Submit your visa-related documents when requested
APU will request items needed to commence your visa application, including passport photos and certified document copies. If your transcripts/certificates are not in English, certified translated copies may be required for visa processing. Keep your documents ready and follow the instructions provided during the process stages.
Prepare for arrival in Malaysia
Once your student pass is approved, you will be notified and guided on next steps. Before travel, ensure your passport and immigration documentation are in place for clearance. Follow the arrival guidance provided by APU and EMGS for your specific case.