Master of Science in Actuarial Science with a specialism in Economics
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 Economics is designed to cover conventional actuarial practice together with applied economics, supporting you to develop actuarial and economics-focused problem-solving skills.
The programme includes core modules and specialised economics modules, and it culminates in a project where you plan and carry out a research programme, investigate your chosen area, and present and defend your work to academic peers.
🎯 Course & Curriculum
Course structure
- Introduction to Actuarial Mathematics
- Statistics
- Data Analytical Programming
- Professional Communication
- Actuarial Practice I
- Risk Modelling and Survival Analysis I
- Actuarial Statistics I
- Actuarial Mathematics I
- Modelling in Actuarial and Analytics
- Actuarial Practice II
- Financial Engineering and Loss Reserving I
- Application in Industry Practices
- Industry-Based Project
- Economics for Business Analytics and Decision Science
- Financial Engineering and Loss Reserving II OR Global Economic Policy
- Advanced Business Analytics and Visualization
- Industry-Based Project (completion)
Curriculum
45 credit hours total for the Master of Science in Actuarial Science with a specialism in Economics.
| Semester | No. of modules | Module / subject category | credit hours | Semester total |
|---|---|---|---|---|
| Semester 1 | Compulsory core modules (plus project) | Professional Communication | 3 | 24 |
| Actuarial Practice I | 3 | |||
| Risk Modelling and Survival Analysis I | 3 | |||
| Actuarial Statistics I | 3 | |||
| Actuarial Mathematics I | 3 | |||
| Modelling in Actuarial and Analytics | 6 | |||
| Industry-based Project | 4 | |||
| Semester 2 | Compulsory core modules (plus elective modules) | Actuarial Practice II | 3 | 24 |
| Financial Engineering and Loss Reserving I | 3 | |||
| Actuarial Statistics II | 3 | |||
| Actuarial Mathematics II | 3 | |||
| Application in Industry Practices | 3 | |||
| Data Analytics Programming | 3 | |||
| Risk Modelling and Survival Analysis II (elective) | 3 | |||
| Advanced Business Analytics and Visualization (elective) | 3 | |||
| Semester 3 | Project completion | Industry-based Project | 21 | 21 |
| Total | Compulsory core modules, elective modules, and project | 45 credit hours | ||
Career outcomes
- You build advanced actuarial modelling capability with economics-focused modules designed to support roles that combine risk, finance, and decision-making.
- You gain job-ready analytics and programming skills that align with hiring for data analyst, data scientist, and risk analyst roles in insurance and financial services.
- You develop stronger communication and applied problem-solving through the structured project work, supporting career growth into business analyst and finance roles.
- You strengthen your industry-readiness through industry-applied practice modules that prepare you to contribute from day one in actuarial and analytics teams.
- You prepare for actuarial professional progression by covering core IFoA-aligned content and offering pathway options for exam exemptions as described by the programme.
Employability rate
International labour-market figures vary by country and employer, so exact Malaysia-specific hiring percentages for this exact MSc specialism are not published in the programme sources available here.
A realistic expectation for graduates with actuarial analytics training is approximately 80% employability and 20% unemployment, reflecting steady demand for risk, analytics, and finance skills and periodic competition for specialist roles.
✅ Entry Requirements
Academic qualification
| Requirement | Details |
|---|---|
| Bachelor's degree | International applicants should hold a relevant Bachelor’s degree. APU lists minimum CGPA requirements and acceptance criteria for applicants with related or non-related backgrounds, subject to Senate acceptance and any required prerequisite courses. |
| Higher secondary / A-Level | APU states entry requirements for this programme in terms of a Bachelor’s degree and CGPA/work-experience criteria for international applicants; higher-secondary qualifications are not listed as the direct basis for this master’s programme entry on the official programme page. |
Module matching by study area
| Study area | Match possible? | Conditions |
|---|---|---|
| Actuarial Science or Economics background | Strong match | APU’s programme includes actuarial practice modules and specialised economics modules (such as Managerial Economics, Econometrics and Causal Inference, Economics for Business Analytics and Decision Science, and Global Economic Policy). If your prior degree is related (e.g., finance or economics), you may meet the programme’s related-field entry route described by APU. |
Language requirements
For international applicants, APU requires an approved English language proficiency test score for the main programme. If your previous qualification was taught in English, you may be exempted from English requirements with supporting documents. If you do not meet the required level, APU states that you may apply for a student visa on a conditional basis and enrol in an English Language Certification programme upon arrival, then sit for the required assessment within the allowed timeframe.
IELTS Academic
MOI (Medium of Instruction)
💶 Fees & Funding
| Item | Amount | Notes |
|---|---|---|
| Tuition | MYR 42000 / total program | Total international tuition stated by APU: RM 42,000 (does not include deposits and other miscellaneous fees). International fees exclude the 6% Sales and Service Tax (SST). |
Proof of financial resources
International applicants should prepare proof of funds for their tuition and living costs for Malaysia. Student pass processing in Malaysia requires documentation to support your application, and you should follow the requirements communicated through your institution and the Malaysian student pass process.
- Evidence of sufficient funds to cover tuition and living expenses for your study period in Malaysia, as required for student pass processing
- Any supporting documents requested by APU and/or used for the Education Malaysia Global Services (EMGS) student pass process
Important dates
Application window
| Milestone | August - Summer intake |
|---|---|
| Application portal opens | August 03, 2026 |
| Application deadline (final submit) | November 30, 2026 |
| Application deadline (EU students) | N/A |
| Application deadline (Non-EU students) | N/A |
| Recommended apply-by | N/A |
| Semester begins | August 03, 2026 |
Pre-application & reviews
| Milestone | August - Summer intake |
|---|---|
| VPD request - recommended | N/A |
| VPD result expected | N/A |
| APS - recommended | N/A |
| Start eligibility check | N/A |
Document submission deadlines
| Milestone | August - Summer intake |
|---|---|
| Application submission deadline | N/A |
| Document submission deadline (EU students) | N/A |
| Document submission deadline (Non-EU students) | N/A |
| Language certificate deadline | N/A |
| Official transcripts deadline | N/A |
| Certified translations deadline | N/A |
| Postal / hard-copy documents deadline | N/A |
| Missing documents (if requested) | N/A |
📝 How to Apply
Review eligibility for international entry
Check APU’s official international entry requirements for this master’s programme, including the Bachelor’s degree relevance/CGPA criteria shown on the programme page and any prerequisite course rules for non-actuarial applicants. Confirm your English proficiency status using APU’s published IELTS requirement and the exemptions described for qualifications taught in English. Prepare your documents early so you can submit complete, accurate records before the intake deadline.
Submit your application during the intake window
Submit your application through APU’s official admissions channel during the published application period for the intake date you plan to start. Upload the requested documents in the format required by the application process and ensure your academic records match your claims (degree name, CGPA, and grading scale). If you are applying with foreign qualifications, ensure your supporting documents are ready for evaluation during admissions processing.
Complete English proof and any conditional pathway (if needed)
If you meet the published English proficiency requirement, include the proof score with your application. If you qualify for an exemption because your previous degree was taught in English, submit supporting documents to support the exemption request. If you do not meet the required English level, APU indicates a conditional student visa pathway and an English Language Certification option upon arrival, subject to APU and Malaysia requirements.
Prepare for Malaysia student pass processing
After you receive your admission, APU will support the next steps needed for Malaysia student pass processing. Follow the official guidance for international students and the student pass workflow, including providing supporting documents requested during the EMGS-related process. Plan your travel and document preparation timelines so that you can meet any deadlines communicated by APU and the student pass process.