Finding what distinguishes data science and actuarial science may be tricky as the two seem relatively similar to one another. Each requires data processing and is used to acquire valuable insights to make decisions. They also consist of a combination of statistics, mathematics, and computer science. Yet, with all these things considered, the two are still not one and the same. Data scientists and actuaries are still two separate specialties with their very own career and requirement pathways.
Data Science vs. Actuarial Science: What's the difference?
Data Science | Actuarial Science | |
What Is It? | Data scientists rely on the usage of statistics, algorithms, and artificial intelligence to draw out useful insights for the purpose of analysing business operations, making a decision, and providing new advice and policy. Advanced software is used in data science to process data and predict outcomes. Programming skills are therefore required from data scientists. | Actuaries, or actuarial scientists, utilises statistics and mathematics to foretell the financial risks of companies. This is done through data collection and the application of algorithms to develop an understanding of financial loss and return. Actuaries often collaborate with accounting and finance departments. Their job is to help companies make decisions depending on the costs and profits. |
What Will You Study? | In this course you will be studying:
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What are Your Career Prospects? |
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For more information on the differences between data science and actuarial science, get in touch with us now for more information.
General Entry Requirement to Study Data Science in Malaysia
Before you begin to pursue your educational pathway toward data science, you must first complete the minimum requirements needed for this course. Below is a table that provides you an overall look at the general entry requirement you need to fulfill.
Qualification | Minimum requirement |
A-levels/STPM or equivalent | 2 Cs (Mathematics & one Science/ICT) |
UEC | 5 Bs (Science stream – includes Mathematics) |
Diploma | CGPA of 2.50 (ICT related diploma) |
Foundation | CGPA of 2.00 |
Should you have any further questions or require more information, contact us now!
Top Universities to Study Data Science in Malaysia 2022
Here is an easily digestible table of the top 3 private universities where you can study for a degree in data science:
University | Program Offered | Duration | Intake |
Asia Pacific University of Technology & Innovation | BSc (Hons) in Computer Science with a specialism in Data Analytics | 3-years | June, September, November |
Heriot-Watt University | BSc (Hons) Statistical Data Science | 3-years | September |
Monash University | Bachelor of Computer Science in Data Science | 3-years | February, July, October |
For further information on the programme structure, requirements, fees, and scholarship, feel free to contact us now!
General Entry Requirements to Study Actuarial Science in Malaysia
Below is a short table for you regarding the general entry requirements needed by you to study actuarial science.
Qualification | Minimum requirement |
A-levels/STPM or equivalent | 2 Cs |
UEC | 5 Bs |
Diploma | CGPA of 2.00 |
Foundation | CGPA of 2.00 |
Should you have any further questions or require more information, contact us now!
Top Universities to Study Actuarial Science in Malaysia 2022
We have taken the liberty of gathering the following information on the top 3 private universities you may choose to study actuarial science in.
University | Program Offered | Duration | Intake |
Sunway University | BSc (Hons) in Actuarial Studies | 3-years | January, March, August |
USCI University | Bachelor of Science (Honours) Actuarial Science | 3-years | January, May, September |
Monash University | Bachelor of Actuarial Studies (Honours) | 3 – 4 years | January, March, August |
For further information on the programme structure, requirements, fees, and scholarship, feel free to contact us now!
If these sound like programmes you may be interested in, or if you simply want to more about the course and differences in the academic offers of the school, contact E2 today!
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About The Author
Karisse Hannah
Journalism and Advertising major. Passionate about reading and writing, and an advocate for the truth.