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The document introduces key actuarial organizations, outlines the ACS curriculum with prerequisites and course sequence, and describes an Industry Integration (II) track with Work-Study Elective requirements. It also summarizes internship structure, graduate outcomes by awards, and SOA exam fee reimbursement amounts.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/second-major-in-actuarial-science-acs-education-programme-overview/398799/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/second-major-in-actuarial-science-acs-education-programme-overview/398799.png","ImageObject",300,407,{"name":92,"@type":93},"Hazel","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the ACS second major and what does actuarial science focus on?","Question",{"text":112,"@type":113},"ACS applies rigorous actuarial models and data science techniques to analyse and manage risks. Actuaries support financial security for customers, organizations, and society.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What is the ACS curriculum prerequisite and the listed course structure?",{"text":117,"@type":113},"The pre-requisite is COR2100 Economics & Society. The curriculum includes courses such as DSA201, DSA211, STAT201, STAT203, STAT311, STAT310, ACCT101/111, FNCE101, and two DSA3XX electives.",{"name":119,"@type":110,"acceptedAnswer":120},"How does the Industry Integration (II) track and Work-Study Elective (WSE) work?",{"text":121,"@type":113},"The II track requires an ACS Work-Study Elective (WSE) and includes DSA301 Time Series Data Analysis plus additional requirements. Students must sign up for the ACS WSE module before declaring the track, and WSE is a pass/fail 20-to 24-week internship equivalent to 2 course units.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},398799,1790594982,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984","Second Major in Actuarial Science (ACS)  \nEducation Professor KWONG Koon Shing, PhD, FSA, CERA  \nSMU Classification: Restricted  \nActuarial Science and Actuaries  \n•Actuarial Science applies rigorous actuarial models and data science techniques to the analysis and management of various risks in organisations  \n•By analysing and managing risks, actuaries bring financial security to customers, organizations and the society  \n•Qualified actuary is a well-respected professional who receives world-wide recognition and rewards.  \nSMU Classification: Restricted  \nActuarial Organizations  \n\n| •\u003Cbr>Society of Actuaries (SOA): [www.soa.org](www.soa.org)\u003Cbr>• Largest actuarial organization in the world: ASA and FSA\u003Cbr>|  |\n| --- | --- |\n| • Casualty Actuarial Society (CAS): [https://www.casact.org/](https://www.casact.org/)\u003Cbr>• Non-life actuarial organization: ACAS and FCAS\u003Cbr>• Institute and Faculty of Actuaries (IFoA): [www.actuaries.org.uk](www.actuaries.org.uk)\u003Cbr>• UK actuarial organization: FIA |  |\n\n• Actuaries [Institute:](Institute: www.actuaries.asn.au)[ ](Institute: www.actuaries.asn.au)[www.actuaries.asn.au](Institute: www.actuaries.asn.au)  \n• Australia actuarial organization  \n• Singapore Actuarial [Society:](Society: www.actuaries.org.sg)[ ](Society: www.actuaries.org.sg)[www.actuaries.org.sg](Society: www.actuaries.org.sg)  \n• Local actuarial organization  \nSMU Classification: Restricted  \nNumbers of FSA and ASA in SOA  \nSource: SOA  \nSource: Singapore Actuarial Society as of 30 December 2023  \nSMU Classification: Restricted  \nACS Curriculum (pre-requisite: COR2100 Economics & Society)  \n1. DSA201 Statistical Inference for Data Science  \n2. DSA211 Statistical Learning with R  \n3. STAT201 Probability Theory and Applications  \n4. STAT203 Financial Mathematics  \n5. STAT311 Risk Theory and Loss Models  \n6. STAT310 Life Contingent Risks  \n7. ACCT101/111 Financial Accounting  \n8. FNCE101 Finance  \n9. Any two DSA3XX electives  \nIndustry Integration (II) Track with additional requirements:  \n–ACS Work-Study Elective (WSE)  \n– DSA301 Time Series Data Analysis (one of two DSA3XX)  \nStudents need to sign up ACS WSE module first before they can declare this track.  \nSTAT203  \nSTAT201  \nCOR2100  \nACCT101 FNCE101  \nSTAT310  \nSTAT311  \nDSA201  \nDSA3XX  \nDSA211 DSA3XX  \nSMU Classification: Restricted  \nThe Fellow of the Society of Actuaries (FSA)  \nSource: SOA  \nSMU Classification: Restricted  \nWork-Study Elective (WSE)  \n• 20-to 24-week internship  \n• From January to June (Term 2) or from July to December (Term 1)  \n• During regular term time, students work for at least four days each week at the host company and may take courses (max 2 courses) on campus up to one day each week  \n• WSE is a pass/fail course, and it is equivalent to 2 course units  \n• 6 Industry Partners: AIA, Partner Reinsurance Asia, HSBC Insurance, FWD, KPMG,  \nErnst & Young  \nSMU Classification: Restricted  \nACS Graduates  \nAs of September 2024, 196 students had graduated with second ACS major.  \n20 of them have been awarded Fellowships (14 FSA, 5 FCAS, 1 FIA)  \n12 of them have been awarded Associateships (8 ASA, 3ACAS, and 1AFA)  \nSMU Classification: Restricted  \nSOA Exam Fee Reimbursement  \nReimbursement amounts $150 (for P and FM) and $200 (for other exams)","cbCaicJMnroVzj1m","https://ap.wps.com/l/cbCaicJMnroVzj1m","pdf",1312356,13,"English","# Actuarial Science and Actuaries\n## Actuarial Organizations\n## ACS Curriculum and Prerequisite\n## Industry Integration (II) Track and Work-Study Elective (WSE)\n## ACS Graduates and Awards\n## SOA Exam Fee Reimbursement","[{\"question\":\"What is the ACS second major and what does actuarial science focus on?\",\"answer\":\"ACS applies rigorous actuarial models and data science techniques to analyse and manage risks. Actuaries support financial security for customers, organizations, and society.\"},{\"question\":\"What is the ACS curriculum prerequisite and the listed course structure?\",\"answer\":\"The pre-requisite is COR2100 Economics \\u0026 Society. The curriculum includes courses such as DSA201, DSA211, STAT201, STAT203, STAT311, STAT310, ACCT101/111, FNCE101, and two DSA3XX electives.\"},{\"question\":\"How does the Industry Integration (II) track and Work-Study Elective (WSE) work?\",\"answer\":\"The II track requires an ACS Work-Study Elective (WSE) and includes DSA301 Time Series Data Analysis plus additional requirements. Students must sign up for the ACS WSE module before declaring the track, and WSE is a pass/fail 20-to 24-week internship equivalent to 2 course units.\"}]","Second Major in Actuarial Science (ACS) - Education Programme Overview | PDF",1790489067,33]