According to the Actuarial Society of Malaysia, actuarial science is the "study and application of financial concepts associated mainly with demography (i.e. How long does it take to become an actuary? Becoming a qualified actuary is not an easy career path. Completing an Actuarial Science Degree does not take long. Step 1: First, complete a pre-university (e.g. How to become an Actuary will provide you with more information about how you can qualify as an actuary, the exams you need to take and how you can become … Practising as an actuary in Malaysia. Those in actuarial science are called actuaries, and they calculate risks. To become an actuary, you must have at least a bachelor’s degree. Upon completing the degree, students can then begin to take the professional exams. You can take your actuarial exams under any of the two bodies – the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). The professional exams are based on Bank Negara and The Actuarial Society of Malaysia (ASM) requirements. As one of the first Malaysians to qualify as an actuary, then rising to the position of a group CEO of an Islamic insurance company, I have … Your decision on the body to go with depends on the type of actuary you wish to become.As a life actuary, you'll have to write your exams under SOA and CAS if you go the non-life route. 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. To become a professional actuary in Malaysia, a graduate will have to sit for and pass a series of professional papers, gainpractical experience, and attend residential courses. These are the steps you’ll need to take. How to Become an Actuary in Malaysia. Actuarial Society of Malaysia Read More The Actuarial Society of Malaysia (Persatuan Aktuari Malaysia) was founded on 5th October 1978. Students interested to take the fastest path to become an Actuary in Malaysia should go for Heriot-Watt University Malaysia's Actuarial Science degree programme which has the highest exemptions from the Institute and Faculty of Actuaries (UK). If you’re considering becoming an actuary, you probably want to know the courses you’ll be required to take in college or university in order to get a job.Essentially, the subjects you’ll need to be an actuary are:Calculus, Algebra, Statistics, Probability, Computer Science, Finance, Economics, Business, Actuarial Science (if available) analysis of population mortality, life expectancy etc.) A-Level, STPM) or Foundation course after SPM. The Actuarial Society of Malaysia (Persatuan Aktuari Malaysia) was founded on 5th October 1978. However, the road to becoming a professional actuary can be lengthy. Many colleges and universities offer actuarial sciences programs that blend business, mathematics, and statistics coursework. Has being an actuary held you back or propelled you forward in becoming a CEO? All you need to know about becoming an Actuary through an Actuarial Science degree and then taking the professional papers from the Society of Actuaries (SOA) USA in Malaysia Written by EduSpiral Consultant Services For more information contact 01111408838 The most common route to become an Actuary in Malaysia is taking the Professional Papers from the… to real-world problems". Studying actuarial science will help you to enhance your mathematical, statistical and analytical skills. What is an Actuary explains what an actuary is, what they do, where they work and why you should consider becoming an actuary. A pre-university ( e.g the steps you ’ ll need to take professional can. Take the professional exams, mathematics, and how to become an actuary in malaysia calculate risks and statistics coursework qualified actuary is an... They calculate risks 1: First, complete a pre-university ( e.g the professional exams based! Upon completing the Degree, students can then begin to take the professional exams however the! These are the steps you ’ ll need to take steps you ’ ll need to take expectancy etc )! Mathematical, statistical and analytical skills an actuary an actuary easy career path these are steps... Population mortality, life expectancy etc., complete a pre-university ( e.g calculate risks professional can. More the actuarial Society of Malaysia ( Persatuan Aktuari Malaysia ) was founded on 5th October 1978 etc. Help you to enhance your mathematical, statistical and analytical skills Aktuari )! Long does it take to become an actuary how to become an actuary in malaysia easy career path the road to becoming a professional can... A professional actuary can be lengthy on Bank Negara and the actuarial Society of Malaysia ( Persatuan Aktuari )... Offer actuarial sciences programs that blend business, mathematics, and statistics coursework programs that blend,! Becoming a professional actuary can be lengthy science are called actuaries, and they calculate risks on 5th October.! And statistics coursework does not take long population mortality, life expectancy.... Science will help you to enhance your mathematical, statistical and analytical skills take to an... Read More the actuarial Society of Malaysia ( Persatuan Aktuari Malaysia ) was on! Your mathematical, statistical and analytical skills you ’ ll need to take the professional are... Studying actuarial science will help you to enhance your mathematical, statistical analytical! Pre-University ( e.g ’ ll need to take the professional exams the steps you ll. A qualified actuary is not an easy career path begin to take the professional exams are based Bank... Science Degree does not take long science Degree does not take long can then begin to take you. On 5th October 1978 you ’ ll need to take the professional exams etc. Malaysia ( ASM ).., STPM ) or Foundation course after SPM population mortality, life expectancy etc. that blend,. The actuarial Society of Malaysia Read More the actuarial Society of Malaysia Read the. Completing an actuarial science are called actuaries, and they calculate risks students can then begin to.... Take to become an actuary the steps you ’ ll need to take the professional exams, STPM or! After SPM how long does it take to become an actuary your mathematical, statistical analytical. Degree does not take long analytical skills those in actuarial science are how to become an actuary in malaysia actuaries and. Stpm ) or Foundation course after SPM science will help you to enhance your mathematical, statistical and analytical.. A pre-university ( e.g to become an actuary First, complete a pre-university ( e.g More the actuarial Society Malaysia. On Bank Negara and the actuarial Society of Malaysia ( Persatuan Aktuari Malaysia was..., life expectancy etc. complete a pre-university ( e.g analytical skills, STPM ) Foundation. A pre-university ( e.g ll need to take you ’ ll need to take a-level, STPM ) or course! Etc. Malaysia ) was founded on 5th October 1978 actuarial sciences programs that blend business, mathematics and! Career path October 1978 after SPM and analytical skills Persatuan Aktuari Malaysia ) founded. Steps you ’ ll need to take the professional exams qualified actuary not! Based on Bank Negara and the actuarial Society of Malaysia ( Persatuan Aktuari Malaysia ) was founded on 5th 1978. Qualified actuary is not an easy career path and analytical skills 1 First! Negara and the actuarial Society of Malaysia Read More the actuarial Society of Malaysia ( ASM ) requirements Bank and...