Bachelor in Actuarial Analytics (Monash Malaysia)

KPT/JPT (N/0542/6/0014) 10/29 - MQA/PSA 17871

Turn your affinity for numbers into a promising commercial career.

This specialist degree equips you with advanced skills in two key domains: actuarial science and business analytics. It combines a strong theoretical foundation with practical application, helping you to develop expertise in core actuarial principles while mastering data analytics.

With a curriculum carefully designed to align with the needs of data-driven industries like insurance, insurtech, finance and fintech, you’ll be well-positioned for success in actuarial science, business/data analytics, investment, finance, and banking. You’ll graduate with a versatile skill set to confidently navigate the evolving needs of the global business landscape.

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Course map

Handbook

Course guide

Professionally accredited

The Bachelor in Actuarial Analytics is accredited by the Casualty Actuarial Society (CAS), Institute and Faculty of Actuaries, and the Society of Actuaries (SOA), giving you a solid head start in earning professional certifications that are highly sought after by employers worldwide.

At a glance

Course structure

Why Monash?

Career paths

Entry requirements

Duration

3 years

Intakes

February and July

Fees

In 2027, the annual tuition fees for this course are:

• RM48,480 for Malaysian students
• RM57,600 for international students.

General Fees

• Application (once only) - RM100
• Registration (once only) - RM200
• General amenities (per semester) - RM100
• International student pass application - Click here.

Credit transfer

Applications for credit can include credit transfer for previous study or recognition of prior learning.

The course develops through the themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study.

Part A. Foundation commerce knowledge These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.

Part B. Specialist discipline knowledge These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of actuarial science to provide discipline-based solutions to commerce. Units contained within the discipline may meet the requirements for professional accreditation bodies.

Part C. Capstone experience The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

Part D. Free elective study This will enable you to further develop your knowledge of actuarial science, or commerce more broadly, or to select any units from across the University in which you are eligible to enrol including to complete a minor from another course.

Quality education Your degree will be recognised wherever you want to work or study in the world. Monash is ranked #36 for economics and econometrics by QS World University Rankings by Subject 2026.

Recognised worldwide The School of Business is accredited by the Association to Advance Collegiate Schools of Business, held only by 6% of business schools worldwide, and is a signatory of the UN's Principles for Responsible Management Education initiative.

A unique combination This course integrates technical actuarial knowledge with advanced data analytics, setting it apart from traditional actuarial degrees. You’ll be highly versatile and better prepared for the profession’s evolving demands.

Industry-relevant skills We focus on authentic assessments, including real-world case studies, group projects, and hands-on assignments, to help you develop practical skills that are directly relevant to industry needs.

Internship opportunities Our strong industry connections pave the way for internships and real-world experience, helping you develop workplace-ready skills and build networks that can lead to post-graduation employment. Use one of your electives to take the BEW3110 Work Experience Program unit and go on a three or four-month internship at a company of your choice.

Future of work You'll gain exposure to emerging, cutting-edge technologies like AI, machine learning, and big data analytics, acquiring skills highly valued in the finance, insurance, and consulting sectors.

Power up your career If your focus is on data and business analytics, you can pursue a prestigious SAS Specialist Certification from the Statistical Analysis System Institute or independently seek advanced certifications from industry leaders like Microsoft, IBM, and Oracle.

Bursaries Receive a 10% tuition fee waiver when you successfully enrol in this course. Click here for more details.

Stay connected, even after you graduate The Monash Malaysia Business Alumni Chapter was founded by alumni, for alumni. When you graduate, you'll become part of a huge network of professionals to stay connected with throughout your career.

By 2028, Malaysia's life insurance market is projected to reach over RM77.3 billion1, while the general insurance market is set to expand to RM30.5 billion2. Coupled with the rise of digital transformation and the increasing importance of data analytics, this means strong career prospects for graduates across industries.

Your new analytical and actuarial skills will open doors to diverse career opportunities in sectors such as:

• Actuarial consulting: Advising companies on financial risk, insurance, and pension schemes.
• Data analytics: Data scientists or data analysts, whose role is to drive decision-making through data insights.
• Insurance and reinsurance: Roles in pricing, risk management, and claims analysis within insurance firms.
• Investment and risk management: Managing portfolios and assessing risks in financial institutions.
• Pensions and benefits: Developing and managing employee benefit programs, pension plans, and retirement strategies.
• Government agencies: Providing expertise in public policy, social security, and healthcare funding.
• Financial services: Roles in banking, credit risk, and asset management, utilising advanced analytics.
• Business intelligence: Supporting strategic decisions with data modelling and reporting.

You'll be able to pursue careers across industries, combining expertise in actuarial science with business analytics. Common career paths include:

• actuarial analyst/actuary
• business/data analyst
• risk analyst
• insurance underwriter
• pension consultant
• quantitative analyst
• data scientist.

1 Insurance Business, retrieved 12 September 2024. 2 Life Insurance International, retrieved 13 May 2024.

You need to satisfy particular academic, English language and age requirements to be considered for entry into this course.

Entry score

The Bachelor in Actuarial Analytics requires the following entry scores:

*The undergraduate entry requirements published are for students who commence the MUFY program in 2024.

**The Malaysian Qualification Agency (MQA) accepts a minimum D Grade in A Level to be equivalent to the STPM Pass grade. For more information, please click here.

Prerequisites

Higher level Mathematics (Australian Year 12 equivalent) is a formal prerequisite for the Bachelor in Actuarial Analytics.

Courses with maths and science prerequisite subjects

If the course you are applying for requires maths and/or science as prerequisite subjects, you can meet the requirements in the following ways:

• Australian Year 12 or International Baccalaureate (IB) Diploma Programme: You must meet the maths and/or science prerequisite subject required for your chosen course as specified above.
• Other qualifications recognised by Monash: If you have completed maths and/or science subjects in the relevant discipline at the required grade level, it is assumed that you have knowledge equivalent to the Australian Year 12 (VCE equivalent) prerequisite subject required for your chosen course. It is strongly recommended that you check that you have covered the assumed knowledge required for your course by completing the Assumed Knowledge Skills Analysis. This online activity includes multiple-choice questions based on your prior studies and helps you identify areas for revision, so you can start your course feeling confident and prepared. Once you accept your Monash offer and set up your student account you can complete the Assumed Knowledge Skills Analysis before starting your course.

These guidelines do not apply to the Bachelor of Medical Science or Doctor of Medicine.

Related courses

• Bachelor of Business and Commerce
• Bachelor of Business and Commerce and Bachelor of Computer Science
• Bachelor of Digital Business
• Bachelor of Business and Commerce and Bachelor of Digital Media and Communication
• Bachelor of Business and Commerce (Honours)

Get in touch

For more information about this degree, contact us.