MSc in Actuarial Science


Program Description

The MSc in Actuarial Science covers a broader scope in research areas of actuarial and mathematical sciences, embedding the most urgent and current issues facing the actuarial and financial world.

The current world financial ecosystem needs to embrace the uncertainty and hazards in a changing environment, characterized by numerous unpredictable events such as climate change, natural disasters, and financial crises. Unpredictable damage brought about by the occurrence of such events can have a deep impact on the actuarial and finance industries, particularly in the area of insurance and reinsurance. Graduates of the MSc in Actuarial Science will gain competence in research skills in areas such as catastrophe modeling, disaster management, corporate failure, financial crisis, and pricing of insurance/reinsurance products. You will also be equipped with skill sets to embark on careers in financial management, insurance/reinsurance, and other risk-related analyses.

The MSc in Actuarial Science program empowers students with a competitive edge in research through in-depth training mediated by experts. As a postgraduate student, you will be integrated as members of our research groups at Sunway University with various opportunities to participate in research alongside supervisors through seminars, workshops, laboratory, and fieldwork.


January, March, June & September


  • 2 Years (full-time)
  • 3 Years (Part-time)

Career Prospects

Graduates may enter careers in actuary, academia, consulting, or research, as well as undertake specialist roles in areas related to insurance, finance, and business.

Program Structure

The MSc in Actuarial Science (by Research) consists of two taught modules and one thesis. You will be required to complete two taught modules, namely Research Methodology and Directed Readings before they proceed to write the thesis. By undergoing these two modules, you will develop the necessary skills and knowledge to conduct research successfully towards the Master’s degree.

Research Methodology

In this module, you will have an opportunity to examine research designs with methodology as well as data analysis techniques employed by researchers. At the end of this module, you will be expected to formulate and submit a proposal for research in an area of their own interest or specialization.

Directed Readings

This module will provide you with comprehensive reading lists and resources to help you develop their hypothesis or areas of interest. Library skills and training on how to manage information and resources will also be introduced in this module.


The MSc is awarded based on the successful completion of a thesis. The thesis should demonstrate proficiency, criticality, and mastery in the subject or chosen area of research.

Areas of Research

The School has a dedicated team of academicians and in-house actuaries who will mentor and discuss possible research topics with you in the following areas of research interests, but not limited to:

  • Financial Modelling
  • General Insurance (Property & Casualty)
  • Mortality/Morbidity/Longevity of a Population
  • Risk Management

Entry Requirement

  • Bachelor’s Degree: A Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Quantitative Analysis or related area with minimum CGPA of 2.75 or equivalent
  • Other Qualifications: Any other qualifications will be considered on a case-to-case basis

English Language Requirements

  • IELTS: 6.0
  • TOEFL: 550 (paper-based), 213 (computer-based), or 80 (internet-based)
  • PTE Academic: 50 overall (minimum 46 in each skill)
  • Cambridge English (First): 75+
  • Cambridge English (Advanced): Minimum 67

Application Procedure

As part of your application, please nominate TWO (2) referees who can provide reference letters about your suitability to undertake the program (preferably, one academic and one professional). The letters must be printed on the letterhead of the respective referees’ organizations. Each referee is requested to seal and send the hardcopy of the letter to the correspondence address as stated below. Alternatively, the referee may request the prospective student to send the sealed letter.

Applicants will be required to submit the following documents:

  • Postgraduate Application Form*
  • Research Statement
  • Curriculum Vitae (CV)
  • Scholarship Application Form (if any)
  • English Language qualification (IELTS / TOEFL / Others) for International Students
  • Academic qualifications/results (certificates and complete transcripts) (Degree / Others)
  • One (1) Passport-sized photographs
  • A copy of national identity card (Malaysians only) or passport (all pages for international students)

All documents are to be sent to the correspondence address or email stated below. Incomplete documents will not be processed.

Postgraduate Administrator
School of Mathematical Sciences
Sunway University
5 Jalan Universiti, Bandar Sunway
47500 Selangor Darul Ehsan

Last updated Jul 2020

About the School

For almost 32 years Sunway University has established a reputation both in Malaysia and overseas, as an inspiring educational leader. Perfectly harnessing the highest quality of academic personnel and ... Read More

For almost 32 years Sunway University has established a reputation both in Malaysia and overseas, as an inspiring educational leader. Perfectly harnessing the highest quality of academic personnel and an exceptionally diverse range of programmes any global educational powerhouse would be proud of. Read less