Actuarial Science

Top 8 Popular Courses for International Students to Study in Australia

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Australia is known to be a country that has been producing high-quality graduates with both local and international students. The Australian lifestyle attracts students from all parts of the world due to its world-class education, beautiful beaches, outdoor activities, easy commutes and multicultural food scene. This diverse country also offers a variety of courses from many reputable universities that cater to possibly everyone. 

However, if you’d like to apply for permanent residency after obtaining your degree, you should definitely select courses that are in demand in Australia. 

Here are the Top 8 Popular Courses for International Students to Study in Australia which will help you gain employment and maximize your chances of successful immigration. 

  1. Accounting 
  2. Agricultural Science 
  3. Architecture 
  4. Actuarial Science 
  5. Engineering 
  6. Computer Science 
  7. Psychology 
  8. Tourism & Hospitality Management 

1. Accounting

Accounting is a profession for keeping & interpreting financial records – either for individual clients, small businesses or larger organizations. Common tasks and responsibilities of accountants include: ensuring the compliance of relevant laws and regulations, preparing and maintaining important financial reports, preparing tax returns and offering guidance on revenue enhancement and profit maximization. 

Upon studying Accounting – you will be able to choose from various career paths such as: 

  1. Accountant
  2. Financial Analyst 
  3. Credit Manager 
  4. Investment Manager 
  5. Payroll Manager 
  6. Trust Manager 

*NOTE: Do keep in mind that the qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level Accountant can expect to earn an average annual salary of around A$48,530 while an accountant of 2-4 years of experience can expect to earn an average annual salary of around A$55,137. Mid-level & experienced accountants with 5-20 years of experience can expect to earn from a range of $67,700 to A$76,700. 

Here are the:

Best Universities to Study Accounting in Australia, Based on QS World University Rankings by Subject 2021 (Accounting & Finance)

University of Melbourne – 18th Place

The University of New South Wales – 19th Place 

The University of Sydney – 21st Place 

Monash University – 32nd Place 

Australian National University – 42th Place 

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button to enquire!

2. Agricultural Science

Agricultural Science covers a broad range of biological sciences, with a main focus in economic and social science practiced in the field of agriculture. The field of agricultural science aims to actively seek different methods of increasing crop yields, increase productivity of farmland, reduce risk and loss due to insects as well as develop the most efficient system to increase overall food quality. Agricultural Science is a popular course to study in Australia due to the overwhelming number of farms country wide. 

Upon studying Agricultural Science – you will be able to choose from various career paths such as: 

  1. Farm Manager 
  2. Agricultural Consultant 
  3. Geneticist 
  4. Soil Scientist 

*NOTE: Do keep in mind that the qualifications required vary depending on chosen career paths! Contact us for more information!

An early career in Farm, Ranch or other Agricultural Manager with less than 4 years experience can expect to earn an average annual salary of around A$62,500 while more experienced individuals with 10 or more years of experience can expect to earn an average annual salary of A$67,000

Here are the:

Best Universities to Study Agricultural Science in Australia, Based on QS World University Rankings by Subject 2021 (Agriculture & Forestry)

University of Queensland – 26th Place 

Australian National University – 39th Place 

University of Western Australia – 51th Place 

University of Melbourne – 55th Place 

University of Sydney – 60th Place

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button the enquire!

3. Architecture

Architecture is the design of buildings and physical structures. Known as a combination of both science and arts, architects’ main roles & responsibilities include designing creative and visually appealing structures whilst also ensuring their designs are safe and functional in everyday life. Architects are usually directly responsible for working with the client to draw and draft designs of their desired structure followed by engineers and contractors in bringing a drawing on paper to a real building. 

Upon studying Architecture – you will be able to choose from various career paths such as: 

  1. Architect 
  2. Architectural Model Specialist 
  3. 3D Visualizer 
  4. Landscape Architect 
  5. Design Consultant 

*NOTE: Do keep in mind that the qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level Architect with less than 1 year experience can expect to earn an average annual salary of around A$50,500, early career Architect with 1-4 years of experience can expect to earn an average annual salary of around A$62,000 while mid-career architects earn an average annual salary of A$71,500 followed by experienced Architects with up to A$ 85,700. 

Here are the:

Best Universities to Study Architecture  in Australia, Based on QS World University Rankings by Subject 2021 (Architecture & Built Environment)

University of Sydney – 21st Place 

University of Melbourne – 23rd Place 

RMIT University – 28th Place 

New South Wales University – 33rd Place 

Curtin University – 51st Place

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button to enquire!

4. Actuarial Science

Actuarial Science is the study that applies both mathematical and statistics to assess risk in insurance, finance and other industries & professions. This field is all about calculating money-related risk through probability, adequate business knowledge and statistics. They evaluate how likely an event is to occur and calculate the financial impact of it towards individuals, companies and organizations. Individuals that have graduated with an actuarial science degree are known as actuaries.

Upon studying Actuarial Science – you will be able to choose from various career paths such as: 

  1. Risk Analyst 
  2. Insurance Actuarial Science 
  3. Business Analyst 
  4. Investment Analyst 
  5. Data Scientist 

*NOTE: Do keep in mind that qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level Actuary with less than 1 year experience can expect to earn an average annual salary of around A$71,200, early career with 1-4 years of experience can expect to earn an average annual salary of around A$85,00 while mid-career actuaries earn an average annual salary of A$119,700 followed by experiences Actuaries with A$114,400.

Here are the:

Best Universities to Study Actuarial Science in Australia, Based on QS World University Rankings by Subject 2021 (Statistics & Operational Research) 

University of Melbourne – 36th Place 

Australian National University – 50th Place 

Monash University – 61th Place 

Queensland University of Technology (QUT) – 65th Place 

University of New South Wales – 72nd Place 

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button to enquire! 

5. Engineering

Engineering is the application of both mathematics and science in which helps to design, build, maintain and improve a wide range of things such as structures, machines, electronic devices, systems and processes. The work of Engineers can be seen in everything we do on a daily basis which includes the roads we drive on, the smartphones we use as well as the food we eat. An Engineering course will equip you with various methods of applications to help solve health and safety, cultural and even environmental concerns. However, Civil engineering vacancies continue to dominate the Australian engineering employment landscape. 

Types of Engineering Fields:

I. Civil Engineering 

Deals with designing, constructing of infrastructure. Civil Engineers are the ones behind the creation of roads, bridges, dams and buildings. 

Upon studying Civil Engineering – you will be able to choose from various career paths such as: 

  1. Site Engineer
  2. Construction Engineer 
  3. Urban Planning Engineer 
  4. Structural Engineer 

II. Chemical Engineering 

Uses a combination of engineering and science to aid in the processing of food, create industrial chemicals and make pharmaceuticals. 

Upon studying Chemical Engineering – you will be able to choose from various career paths such as:

  1. Petroleum Engineer
  2. Environmental Engineer 
  3. Waste Management Engineer 
  4. Safety Engineer 

III. Mechanical Engineering 

Responsible for designing and manufacturing products and machines. Mechanical Engineers are the ones behind the manufacturing of aerospace, computer-aided design, robotics and even nanotechnology. 

Upon studying Mechanical Engineering – you will be able to choose from various career paths such as: 

  1. Automotive Engineer
  2. Industrial Machinery Engineer
  3. Robotics Engineer
  4. Manufacturing Engineer

IV. Electrical Engineering 

Centred around electric-powered technology. Electrical Engineers work with electrical components, devices and systems such as power generators, wires and microchips to design and develop electrical equipment as well as test and supervise the production of these items. 

Upon studying Electrical Engineering – you will be able to choose from various career paths such as: 

  1. Telecommunications Engineer
  2. Design Engineer
  3. Control Engineer
  4. Computer Engineer

*NOTE: Do keep in mind that qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level Engineer graduate with less than 1 year experience can expect to earn an average annual salary ranging from A$60,333 to A$64,428, early career Engineers with 1-4 years of experience can expect to earn an average annual salary ranging from A$70,696 to A$71,643 while mid-career Engineers earn an average annual salary ranging from A$86,041 to A$89,327 followed by experienced Engineers ranging from A$103,920 to A$121,089.

Here are the:

Best Universities to Study Engineering in Australia, Based on QS World University Rankings by Subject 2021 (Engineering & Technology)

University of New South Wales (UNSW) – 36th Place 

University of Melbourne – 50th Place 

Monash University – 58th Place 

University of Sydney – 65th Place 

Australian National University – 79th Place 

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button to enquire!

6. Computer Science

Computer Science is the study of information processes and creating computer programmes. It involves a range of theoretical studies of algorithms, computations and information to the practical issues of implementing computational systems in hardware and software. Main roles & responsibilities of computer scientists include using technology to solve problems and prepare for the future. They also write and program software to create applications and websites. Their primary focus, however, is to validate and develop models for interaction between people and computers or software and devices. Specialising in areas such as machine learning, data management and banking give great career outcomes for international students in Australia as due to it’s excellent technical education. 

Upon studying Computer Science – you will be able to choose from various career paths such as: 

  1. Web Developer 
  2. Database Analyst 
  3. Software Engineer 
  4. Java Programmer 
  5. Cybersecurity Analyst

*NOTE: Do keep in mind that the qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level Computer Science graduate with less than 1 year experience can expect to earn an average annual salary of around A$61,658, early career Computer Science graduate with 1-4 years of experience can expect to earn an average annual salary of around A$73,439 while mid-career graduates earn an average annual salary of A$89,087 followed by experienced Architects with up to A$98,864. 

Here are the:

Best Universities to Study Computer Science  in Australia, Based on QS World University Rankings by Subject 2021 (Computer Science & Information Systems)

University of Melbourne – 39th Place 

University of Sydney – 50th Place 

Australian National University – 51st Place 

University of New South Wales – 59th Place 

University of Technology Sydney – 75th Place 

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button to enquire!

7. Psychology

Psychology is the study of human mind & behaviour, focusing on understanding how human beings think, feel, act and interact with themselves and their surroundings. Undertaking a course in Psychology will teach you the foundations of psychology including the comprehensive understanding of the human mind with various research methodology skills such as lab experiments, field surveys and natural observations. Roles & responsibilities of Psychologist include providing diagnostic interviews, psychological testing and individual/group psychotherapy. In Australia, the skills shortage list includes clinical psychologists, educational psychologists, organisational psychologists and psychotherapists which increases your chances of employability upon graduation. 

It is important to note that higher levels of qualifications (Master’s Degree & phDs) are required to become licensed practicing Psychologist. 

Upon completing necessary qualifications – you will be able to choose from various career paths such as: 

  1. Clinical Psychologist 
  2. Counselling Psychologist 
  3. Industrial & Organizational Psychologist
  4. Educational Psychologist 
  5. Forensic Psychologist 
  6. Sports Psychologist

*NOTE: Do keep in mind that the qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level Psychologist can expect to earn an average annual salary of around A$68,600 while a Psychologist of 2-4 years of experience can expect to earn an average annual salary of A$72,800. Mid-level & experienced psychologists with 5-20 years of experience can expect to earn from a range of A$84,700 to 87, 665. 

Here are the:

Best Universities to Study Psychology in Australia, Based on QS World University Rankings by Subject 2021 (Psychology)

University of Melbourne – 20th Place 

University of New South Wales (UNSW) – 24th Place 

University of Queensland – 26th Place 

University of Sydney – 30th Place 

Australian National University – 38th Place 

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees – click the button to enquire!

8. Tourism & Hospitality Management

Tourism and hospitality management is basically a career in delivering good customer service to consumers of certain products or services in sectors such as food and beverage, events, travel and accommodations. Tourism has been identified as one of Australia’s ‘high-growth’ sectors over the next two decades, while employment in the hospitality sector is forecast to grow considerably over the upcoming years. Both sectors of tourism & hospitality management have opened up about 1.4 million jobs combined which also increases chances of employability upon graduation. 

Upon studying Tourism & Hospitality Management  – you will be able to choose from various career paths such as: 

  1. Event Planner 
  2. Hotel Manager
  3. Restaurant Manager
  4. Catering Manager 
  5. Food & Beverage Manager 

*NOTE: Do keep in mind that qualifications required vary depending on chosen career paths! Contact us for more information!

An entry-level job in Tourism & Hospitality management can pay an average annual salary of A$55,053 while an early career of 2-4 years of experience can expect to earn an average annual salary of around A$59,400. Mid-level positions pay A$67,00 while the highest level positions can earn A$73,834 and above. 

Here are the:

Best Universities to Study Tourism & Hospitality Management in Australia, Based on QS World University Rankings by Subject 2021 (Hospitality & Leisure Management)

Griffith University – 21st Place 

Blue Mountains International Hotel Management – 26th Place 

University of Queensland – 31st Place 

James Cook University – 51st Place 

Monash University – 61st Place

For more information regarding the courses available, entry requirements, course structure, intake dates and annual fees, click the button below!

Contact us to find out more!

Student enquiries:

Call/ WhatsApp: +60182414802

Email: info.my@exceleducation.com.au

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About The Author

Raveena Rakni Suresh Raj 

Leo baby & a psych major

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Top 8 Degrees & Careers for Introverts

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There must be at least one friend among your peers that rarely attends any gatherings and even if they do they barely chip in a group conversation and would probably leave before the gathering ends. There might be one classmate of yours who often remains silent in a group discussion and usually spends time doing their own thing. This classmate or friend of yours is most likely known as an introvert. 

Introverts are the type of people who prefer solitude as their comfort zone to focus on their internal thoughts and ideas, rather than what’s happening around them. Most people perceive them as shy to interact with people. But in reality, introverts do enjoy being around people with whom they are closed with. They prefer engaging and deep conversation in smaller groups or with just one other person. Being in a large social gathering often drains introverts out as they would find themselves being distracted by having too many simulations. 

Common traits of introverts include;

  • They love spending time alone
  • They are self-aware
  • They have a creative mind
  • They are at their best when working alone
  • They take time to make decisions
  • They prefer a few friends over a group
  • They don’t stay too long at parties or they don’t even attend one
  • They don’t prefer to be the centre of attention

Types of Introverts

Video credit: Psych2Go

Introverts are classified into four types and each type has a distinct personality from one another.

Social Introverts

Social introverts are people who prefer social interaction in small groups or solitude over large gatherings and parties. They rather spend time alone doing something they love and socialize with a small group of friends if necessary. Unlike social anxiety, social introverts are not afraid of crowds or they don’t shy away from conversations. They just want things to be the way it is. 

Thinking Introverts

Unlike other introverts, thinking introverts don’t mind the presence of a large group of people, but they are considered unsocial because of their nature of getting lost in their own thoughts. This introvert is actually thoughtful and self-reflective. Thinking introverts reflect their feelings and thoughts in their imaginative world, which makes them pause to think of response during a conversation. This type of introvert is highly creative. 

Anxious Introverts

In contrast to social introverts, anxious introverts seek solitude because they are awkwardly shy to interact with other people. They are perceived as rude at times, but they are actually less confident in social interaction and they are being protective of themselves. However, being alone makes their thoughts go wild in overthinking of catastrophizing events, which makes them hard to step out of their comfort zone.

Restrained Introverts

Restrained introverts are very different compared to the other types of introverts. They wouldn’t mind large crowds and don’t dwell in their complex inner world, but they are more of a “reserved” type of people. They usually take time to observe a person and would think through before they speak or act. This type of people lacks spontaneity where they usually don’t get along with last-minute plannings. They enjoy meeting new people but very selective in choosing who they want to trust. 

Struggles of Introverts at work

One of the hardest things about being an introvert is that they struggle in maintaining friendly conversations with colleagues and they rather choose solitary activities than attending office parties. Most people believe that introverted co-workers are not interested in getting to know someone, but the truth is they refuse to force themselves to have a meaningless conversation with others. They wouldn’t get along with people just for the sake of working in the same office, but rather approach those who actually ‘vibe’ them with meaningful conversations. 

Office meetings and presentations could be a pain for introverts as well. Meetings and presentations are attended by many people and introverts tend to struggle to deliver speeches in front of them. They can be very skilful and efficient in their tasks, but when they are placed under the spotlight, they would feel anxious and uncomfortable, which makes them struggle to find words to speak. 

Introverts don’t mind participating in team-oriented tasks if their job requires them to do so. However, they have a hard time in brainstorming sessions, where they are required to come up with ideas immediately. They find it difficult and uneasy to think of ideas out of thin air when they are surrounded by people. They need time and space for themselves where they feel more comfortable and productive to generate brilliant ideas that may blow other’s minds. 

Top 8 Degrees & Careers for Introverts

#1 Writer

Whether fiction or copywriting, this career is ideal for social, thinking and anxious introverts. Introverts who don’t involve in social interactions could let their writing do the talking. Writers require time and space to think and come up with creative ways to write which suits well with introverts’ personality. Furthermore, they could choose to be freelance writers as they are free to decide their own setting to go wild with their creativity. 

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Best Jobs for People Who Love Writing

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#2 Graphic Designer

Graphic designers tend to work alone or engage with small groups to create designs for businesses or companies that are suitable for introverts. A good design demands creativity in both colours and graphics which can be the strengths of thinking introverts who always dwell in their rich and complex inner world. Freelance graphic designers are also available for introverts to work in their comfort zone. Despite that, there are various courses related to art and design where they can apply their creativity.

Articles you might be interested in;

Top Degree Courses to study if you love Arts

#3 Accountant

Accounting allows working one-on-one with clients or with small teams to perform tasks other than dealing with large groups. Introverts can reduce social interaction with people and have their own space to work productively. Those who love working with numbers need to complete a degree in accounting to pursue this career. 

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Study Accounting in Australia

#4 Software Developer

Software developers often work in creating codes and designing software to run systems. Thus, developers spend most of their time working alone and work in teams once in a while. Introverts with a passion for computers and systems may find this career suitable as they can work in their own comfort zone with minimal interaction with other teams. To be a software developer, a degree in software engineering is the right course for them. 

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Study Software Engineering in Australia

#5 Actuary

An actuary does not necessarily need to be an outgoing personality. The job involves mathematics and statistics to evaluate risks and opportunity. This will suit well for introverts as they most likely will be engaged in front of their computer with minimal interaction with others. To be an actuary, students will need to attain a degree in Actuarial Science.

Articles you might be interested in;

Top Universities to study Actuarial Science in Australia 2021

#6 Veterinarian

A veterinarian career is great for introverts who avert social interaction with people. Working with animals can be meaningful and it requires a lot of interaction with animals, where verbal communication is a bare minimum. Veterinarian jobs entail animal care such as pet grooming, pet sitting and working in an animal shelter. A degree in veterinary science is important to place a job in this field. 

Articles you might be interested in;

Becoming a Veterinarian in Australia

#7 Counselor/ Clinical Psychologist

A counselor or psychologist must be able to listen closely and understand their client’s problems and empathize with their situation. This job is best suited for thinking introverts as they are able to listen closely to a conversation and tend to view their thoughts in their shoes. Thinking introverts can use their deep thinking skills to come up with the best ways of treating their clients. Those who have a caring personality may pursue a degree in psychology as the first step into their career.

Articles you might be interested in;

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#8 Plant Breeder/Geneticist

Plant geneticists conduct research to study and improve or create varieties of plants or crops. The job requires the ability to work independent and strong research skills. Introverts may find this type of jobs as their cup of tea as they can work efficiently when they are allowed to work in their comfort zone. Thus, a degree in agricultural science could be the right course for them for a career as a plant geneticist. 

Articles you might be interested in;

Study Agricultural Science Degree in Australia

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Sasvin Ravi
I am a freelance content writer, writing on a weekly basis while discovering my true passion..

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Study Actuarial Science in Malaysia

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What is Actuarial Science about?

Actuarial Science heavily revolves around Mathematics, Statistics, and Probability, graduates will learn how to use these principles to anticipate future events and take preventive measures. It deals with evaluating risks and maintaining the economic stability of insurance or financial organisations. Actuaries analyse past data and use that information to determine how much money should be set aside to cover the financial losses which could occur in the future.

Career Options for Actuarial Science Graduates

  • Business Analysts
  • Budget Analysts
  • Analysts Intelligence Agencies
  • Research Analysts
  • Financial Analysts
  • Insurance Underwriters
  • Insurance Claims Adjusters

If you want to work as an actuary, you must sit for the certification exams, as you continue passing your certification exams, you will see a considerable increase in pay. Continuing to move forward with a professional certificate is important to advance in the actuary career. With the combination of work experience, expanding job duties and good passing scores in the exams allow you to move on to a higher salary in your career, as many employers offer raises based on how many exams actuaries have completed. 

Actuarial Science Accreditations

Professional designations in the society are earned by completing a rigorous system of examinations. It is common for students to work full-time in the profession while studying for the exams.

Institute and Faculty of Actuaries (IFoA)

The Institute and Faculty of Actuaries is the professional body which represents and regulates actuaries in the United Kingdom. An actuarial qualification from the Institute and Faculty of Actuaries consists of a combination of the completion of various examinations and courses. The examinations are split into four sections: Core Principles, Core Applications, Specialist Principles and Specialist Advanced. In addition to examinations and courses, it is required that the candidate complete at least three years work as an actuary to qualify as a “Fellow of the Institute and Faculty of Actuaries” (FIA).

Society of Actuaries (SOA)

Requirements for membership for the SOA include the actuarial exams, a comprehensive series of competitive exams. Topics covered in the exams include mathematics, finance, insurance, economics, interest theory, life models, and actuarial science. Members of the SOA who meet a professional experience requirement are eligible for membership in the American Academy of Actuaries, which represents United States actuaries from all practice areas.

The Core Subjects Taught in Actuarial Science

  • Probability and Statistics
  • Calculus
  • Introductory Economics
  • Life Contingencies
  • Risk Theory
  • Survival Analysis
  • Loss Models
  • Risk Management and Insurance

General Entry Requirement for Actuarial Science

A-Level

Minimum 2Es

Diploma

Minimum CGPA 2.0

Foundation

Minimum CGPA 2.0

STPM

Minimum CGPA 2.0

UEC

Minimum 5Bs

Note: Entry requirements vary according to universities, to find out more please contact us!

Top private universities in Malaysia to study Actuarial Science

Taylor’s University

The degree programme transforms students into skilled analytical problem solvers who are trained to calculate and manage financial risk for businesses. Beyond providing a comprehensive programme, the university further enriches the educational experience through various learning opportunities to help students get the most out of their studies.

Programme

Bachelor of Science (Hons) Actuarial Studies

Duration

3 or 4 years

Intakes

January, March, August

Indicative Total Fees (2021)

Local Students:

3 years: RM86,550

4 years: RM93,690

International Students:

3 years: USD25,880

4 years: USD28,240

Sunway University

The programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. It is designed to pave the way for students wishing to embark on a career as an actuary. Students will be prepared for professional exams leading to the qualification of an actuary from a globally recognised professional actuarial body.

Programme

Bachelor of Science (Hons) Actuarial Studies

Duration

3 years

Intakes

January, April, August

Indicative Total Fees (2021)

Local Students: RM 97,625

International Students: RM103,565

UCSI University

This programme provides a solid grounding in mathematics, accounting, finance and statistics to integrate theories with actual experience and build foundation for students to pursue professional careers in the financial risk management industry. Students will be furnished with the essential skills that will enable them to face the world.

Programme

Bachelor of Science (Hons) Actuarial Science

Duration

3 years

Intakes

January, May, September

Indicative Total Fees (2021)

Local Students: RM 66,130

International Students: Rm68,900

Asia Pacific University (APU)

This programme is to develop student’s mathematical, statistical and analytical skills in addition to actuarial practices as preparation to become a qualified actuary. Competent teaching staff with professional or specialized academic qualification, possessing working experience from actuarial industries. 

Programme

Bachelor of Science (Hons) in Actuarial Studies

Duration

3 years

Intakes

March, May, September

Indicative Total Fees (2021)

Local Students: RM78,000

International Students: Rm88,200 

Heriot Watt University, Malaysia

In this programme it contains all the courses that are essential for ensuring a flying start to a career as an actuary whilst at the same time fostering highly transferable mathematical skills. If you excel at mathematics, enjoy your problem solving and are looking for a degree that will prepare you for a rewarding career, this could be the one for you.

Programme

Bachelor of Science (Hons) Actuarial Science

Duration

3 years

Intakes

September

Indicative Annual Tuition Fees (2021)

Local Students: RM43,920

International Students:  RM49,920

Still deciding which university suits you the best? Have no idea how to start applying and what are the documents needed? Excel Education is here for you! Contact us now to get a free consultation.

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Jme S

I thank life for happening, thank every twist and turn, I believe that there is a reason for every single thing, a reason for every worry and concern. 

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Top 5 Universities to Study Actuarial Science in Malaysia 2020

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The study of Actuarial Science involved risk calculation through mathematics, probabilities and statistics. It is common for insurance and finance companies to evaluate and manage the risk in order to ensure financially stable now and in the near future. The field of Actuarial Science is considered as newly industry in Malaysia, thus, the majority of the people do not fully understand the professional field of actuarial science.

Studying actuarial science will help you to enhance your mathematical, statistical and analytical skills. You will be calculate how likely an event will occur and measure the financial impact, it is important for actuaries to have the right tools and knowledge to calculate all these complex mathematics.

After finishing your degree, you are able to pursue to becoming a professional actuary and you are required to pass a set of exams through these professional actuarial organizations:

  • Institute of Actuaries of Australia
  • Canadian Institute of Actuaries, Canada
  • Society of Actuaries (SOA), USA
  • Institute and Faculty of Actuaries (IFoA), UK
  • Casualty Actuarial Society (CAS), USA

What skills do you need to study Actuarial Science?

Excel at Mathematics and Calculation

Actuaries must be sensitive towards numbers, able to do basic arithmetic quickly and correctly. Actuarial science contains statistics, calculus, and probability, which is a definite requirement for being an actuary in order to calculate the risk and determine the probable likelihood of certain events.

Analytical Problem Solving Skills

Actuaries are tasked to deal with complex data and study the patterns, and trends in order to understand the driving factors that directly cause a specific outcome, therefore, being able to be an analytical problem solver is crucial for an actuary.

Interested in Programming

In the information age, actuaries will need to analyze and evaluate large amounts of data with the help of computers and a variety of statistical modeling software. You will need to understand the basic computer skills and knowledge of programming which is essential to become an actuary in the future.

Subjects of Actuarial Science

  • Corporate Finance
  • Risk Theory
  • Probability Theory
  • Calculus
  • Mathematical Statistic
  • Simulation and Credibility Finance
  • Corporate Finance
  • Project

General Qualifications

In order to enter into Actuarial Science courses, you will generally need:
Programmes Requirements
Bachelor’s Degree (3-Years)
  • STPM: Minimum of 2Cs; or
  • A-Level: Minimum of 2Es; or
  • Austalian Matriculation: Minimum of ATAR 60 with an average score of 60% in Mathematics; or
  • Foundation in Arts or Science: Minimum CGPA of 2.00; or
  • Diploma: Minimum CGPA of 2.00
Note: The information displayed above may vary between universities, colleges, and institutions.

Career Options for Actuarial Science

  • Actuarial Executive
  • Enterprise Risk Analyst
  • Bank Executive
  • Financial Analyst/Budget Analyst
  • Financial Planning Advisor
  • Entrepreneur
  • Auditors
  • Economist
  • Statistician
  • Forensic Accountant
  • Chartered Accountant

1. Heriot-Watt University

Campus: Putrajaya, Wilayah Persekutuan Putrajaya

BSc (Hons) Actuarial Science
General Intake: September
Indicative fee of 3-years (Full-time) (2019): RM131,760

2. Sunway University

Campus: Bandar Sunway, Petaling Jaya

BSc (Hons) in Actuarial Studies
General Intake: January, March & August
Indicative fee of 3-years (Full-time) (2019): RM90,500

3. Taylor’s University

Campus: Subang Jaya, Selangor

Bachelor of Science (Hons) Actuarial Studies
General Intake: March & August
Indicative fee of 3-years (Full-time) (2019): RM83,400

4. Asia Pacific University (APU)

Campus: Taman Teknologi Malaysia, Kuala Lumpur

Bachelor of Science (Hons) in Actuarial Science
General Intake:  September & November
Indicative fee of 3-years (Full-time) (2019): RM76,600

5. UCSI University

Campus: Taman Connaught, Kuala Lumpur

BSc (Hons) Actuarial Science
General Intake: January, May & September
Indicative fee of 3-years (Full-time) (2019): RM59,480

Contact us to find out more
International Student enquiries:
Phone: +60182414802
Email: info.my@exceleducation.com.au

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About Post Author

Nicky Yap
I am a freelance commercial content writer and student of SEGI College studying Bachelor of Business with a major in Marketing. I love to travel and enjoy ‘Me’ time with a cup of coffee in a quiet cafe.

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Top 10 Highest Paying Jobs in Malaysia 2019

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From time to time, you may ask yourself about these questions: How should I plan for my future? What job is the best job out there available and suitable for me? Am I making the right choice? Well, we often faced the similar problems at some points of our lives, graduates struggling to find a well-paid job with good conditions but have no better idea what to choose. Here are some lists of the Best Job in Malaysia in 2019, providing an overview on the jobs in Malaysia.

In Malaysia, the amount of workers required are slowly increasing as newly developed markets are rising, in which formed new type of professionals. As we can see it with our own eyes, globalization and digitalization are coming to our doorsteps, society and technology are constantly changing as well as our lifestyles. Providing wide range of career opportunities for graduates to explore and strive at it.

1. Tourism & Hospitality

The main reason of the high demand in tourism industry is globalization and higher income. People are getting paid more than before, able to afford basic necessities and even luxuries. Some would have the idea to travel across the whole world, making tourism industry to be one of the best industry for Malaysia. It is estimated to have a salary starting from RM4,000 with best entry-level for fresh graduates. Moreover, skills acquired through the career of tourism & hospitality could be useful and flexible for other type of professional such as recreational events.

2. Healthcare & Medicine

Involving into healthcare as doctors and nurses can be difficult as lives are depending on their own hands but it is considered as one of the industry that will ever exist and in demand. Healthcare industry does not shows dramatical dropped when economic faced fluctuation and downturn. For a fresh graduates, initial salary will not be high due to lack of experience in the medical field but it will slowly increase over time up to RM15,000 a month.

3. Banking and Finance

Nowadays, the supply of accountants are getting lesser and scarce which drive higher demand and salary, it is estimated that 60,000 professional accountants are needed by 2020 in order to upkeep the financial and banking stability. Businesses are generally seeking for accountant who is versatile and competence in handling variety type of tasks such as finance managers, fund and banking management, and audit and risk management. Newly accountant is able to obtain RM3,500 at the beginning.

4. Business and Management

There is no shortage of fresh graduates in business field in Malaysia due to the nature of business opens up variety of work possibilities to a wide field of career such as actuarial analysts, business advisor, project manager, marketing executive, human resource manager and etc. As I mentioned before, digitalization also serve as a driving force in shaping the business field in creating the need of tech-savvy marketing and sales professionals. The expected salary for an executive position is around RM2,500 above offered to fresh graduates.

5. Education

Seeing the demand of professionals are needed more than before in the market of Malaysia, educators and lecturers who hold Master’s Degree or PhD also needed in the field, especially on medical, sciences, languages, and engineering. Other than that, few others decided to become a consultant or trainers whereby also needed on particular industry such as sports, travel, and etc. The salary for fresh graduates in education industry is ranging from RM2,200 to RM2,500.

6. Graphic & Multimedia design

Companies are gradually shifting its focus onto the mainstream of online business, hiring website designers and graphic designers to decorate the firm’s website page. It also shows significant growth in the digital content industry in the form of animation and video games development, providing a brand new career path for fresh graduates. The salary for a graphic designer is starting from RM2,200 for fresh graduates.

7. Communications

It is surprising seeing communication made it on the list, the demand of public relations practitioners are increasing and stayed solid over time. Its role is vital for a business to shape and develop its reputation as they are the ones who represent the voice of the company. Therefore, positions such as advertiser and public relations managers in need for those who are proficient in english, chinese and malay. Estimated entry-level salary for fresh graduates are ranging from RM2,500 to RM3,000.

8. Information Technology

Over 56.1% of people have internet access, most of it saturated in the developed countries. Demand developers who are specialize on developing web, app, software, and tech are generally increasing as well as the salary offered by organization. There are various type of programmer in the market, depending on their field of expertise, some may offered salary as high as RM3,800 for a starter.

9. Building and Construction

Although this sector is widely considered as difficult and dangerous, but it actually have high demand and paid well. The lack of professionals such as civil engineers and quantity surveyors in this particular area, it required precise calculation, measurement, implementation to build a last-lasting and durable structure which cost heavy amount of investment on it. It demands creative youngster who are able to adapt to newly technologies such as GPS-guided equipment, cloud-based applications, drones, robots, green technology & big data. Refer as one of the highest paying job for fresh graduates, paying above RM3,500.

10. Actuarial Science

The specialty of actuaries are widely recognized and required across major industry in Malaysia. Their expertise in risk management and regulatory developments cause high demand in insurance industry. Furthermore, their skills also implementable in financial services sector and government bodies. The entry-level salary given to fresh grad is starting RM2,500.

Contact us to find out more
International Student enquiries:
Phone: +6018-241-4802
Email: info.my@exceleducation.com.au

For more stories like this, join the Excel Education community on Facebook
Need help with your uni application? Connect with us here
About Post Author

Nicky Yap
I am a freelance commercial content writer and student of SEGI College studying Bachelor of Business with a major in Marketing. I love to travel and enjoy ‘Me’ time with a cup of coffee in a quiet cafe.

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