Course Description
Overview
Actuarial Science is the study of uncertain future events and the use of mathematics, statistics and financial theory to measure the financial consequences of risk. Actuaries work in all sectors of the economy, like insurance companies, banks and the government sector. Actuarial Science students are required to sit for a series of professional examination papers and fulfill practical training requirements via a North American professional actuarial body to obtain their professional certification.
Outstanding INTI students have received scholarships from Drake University, the University of Nebraska-Lincoln and other universities to pursue a degree in Actuarial Science.
Students sit for a series of professional examinations in order to qualify as a Certified Actuary. The American Society of Actuaries (SOA) requires candidates to complete five examinations, an e-learning course, VEE validation and a professionalism seminar in order to become an Associate (ASA).
To become a Fellow (FSA), a candidate needs to successfully complete all requirements for ASA, 2 more examinations and 2 more modules based on their specialty track. The American Casualty Actuarial Society (CAS) requires a series of 9 examinations for certification as a Fellow.
The first 4 examinations of these 2 societies are identical.
For more information regarding professional examinations, log on to www.soa.org, www.casact.org or www.actuaries.org.my
Popular universities for Actuarial Science
US Universities
• Drake University
• Iowa State University
• Purdue University
• University of Central Oklahoma
• University of Illinois at Urbana-Champaign
• University of Iowa
• University of Nebraska, Lincoln
• University of Wisconsin-Eau Claire
• University of Wisconsin-Madison
Canadian Universities
• Acadia University
• University of Manitoba
• University of New Brunswick
• University of Waterloo
Additional Information :
- Outstanding INTI students have received scholarships from Drake
University, the University of Nebraska-Lincoln, and other universities
to pursue a degree in Actuarial Science
- Students may also apply for membership with the Malaysian Insurance
Institute in order to enjoy special privileges and access to information
and resources
- 91% of INTI graduates are paid higher than the market minimum average
- 60% of INTI students get job offers before they graduate
Entry Requirement :
SPM / O-Level |
| Pass with 5 credits |
STPM / A-Level |
| Possess passes or CGPA2.0 |
English Language Requirements |
| Student who failed to obtain a credit in SPM/O-Levels/UEC English or IELTS band below 5.5 are required to sit for English Placement Test (EPT). Failing to pass EPT, student is required to take ENL099 (Fundamentals of Writing) and up to 2 MPU courses upon advice from Head of Program. Student is required to pass ENL099 before enrolling for AUP courses. ENL099 credits will not be counted for credit transfer. |
Note: International students are subject to meet entry
requirements that reflect similar qualifications and experience as
stated above.
