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Actuarial & Applied Mathematics at UPH: A Collaboration of Mathematics, Economics, and Business with Endless Potential

16/03/2023 Science, Technology, Engineering & Mathematics

Actuarial & Applied Mathematics at UPH: A Collaboration of Mathematics, Economics, and Business with Endless Potential

What is a Mathematics Major?

Mathematics is a university major that focuses on learning various mathematical theories such as algebra, geometry, actuarial science, computation, and more. In this article, we will take a closer look at the Mathematics Major offered by UPH.

Mathematics Study Program at UPH

Technological advancements have driven changes in many aspects, including the industry. These changes have broadened job opportunities and pushed human resources (HR) to continuously adapt to keep up with the times. Universitas Pelita Harapan (UPH) continues to create innovative programs to provide excellent education aligned with current developments.

As part of this effort, UPH introduced the Actuarial & Applied Mathematics Study Program, offering new specialisation options that match industry needs. Curious to learn more? Keep reading below!

Actuarial & Applied Mathematics at UPH is a collaboration between the Mathematics Study Program and the Faculty of Economics & Business—reflecting UPH’s commitment to innovation and growth in line with the times. True to its tagline, Sustainable through Innovation, UPH responds to today’s industry demand for highly skilled professionals within a sustainable system.

What Degree Will Graduates Earn?

For those wondering, graduates of the Actuarial & Applied Mathematics Program will earn the degree Bachelor of Mathematics (S.Mat.).

The Only Applied Mathematics Department in Indonesia Recognised by SOA!

UPH has successfully gained international recognition by obtaining the Advanced Curriculum certification, making it officially listed in the Universities and Colleges with Actuarial Programs (UCAP) as one of the world’s top universities with an outstanding Actuarial Department, published by the Society of Actuaries (SOA)

The SOA, or Society of Actuaries, is the world’s largest professional actuarial organisation. Through this certification, which demonstrates compliance with SOA’s qualification standards, UPH has the opportunity to gain access to valuable resources, funding, and international recognition in the academic world.

Specialisations Offered in Actuarial & Applied Mathematics at UPH

  • Actuarial & Business Mathematics
    This new specialisation focuses on equipping students with comprehensive SOA-standard education and curriculum, preparing them to excel in the actuarial profession.

  • Financial Engineering & Risk Management
    Also a newly introduced specialisation, this pathway prepares students for success in the financial industry with courses designed in line with the standards of the Global Association of Risk Professionals (GARP).

  • Computational Mathematics
    This specialisation emphasises research and data analysis. Graduates of Computational Mathematics are highly sought after across a wide range of industries.

Advantages of Actuarial & Applied Mathematics at UPH

  • SOA-Equivalent Standards
    UPH is internationally recognised through its SOA certification, making it the only university in Indonesia to achieve this prestigious status.

  • Guidance from Academically and Professionally Experienced Lecturers
    UPH boasts highly qualified faculty members with strong academic and professional backgrounds in Mathematics and Business, committed to sharing their expertise with students of the Actuarial & Applied Mathematics program.

  • Outstanding Achievements at National and International Levels
    Students of Actuarial & Applied Mathematics at UPH actively participate in—and win—various national and international competitions. This program, with its three unique specialisations offered only at UPH, has produced many high-achieving students with excellent accomplishments.

Core Competencies Required

  • Proficiency in Basic Mathematics
    Since the courses are closely related to foundational Mathematics, you need to have strong mathematical skills and enjoy working with numbers.

  • Interest in Business
    Business cases and discussions will be the central focus of this program, so having an interest and understanding of the business world is essential.

  • Critical and Creative Thinking
    The integration of Mathematics with Business and Economics requires students to think critically and creatively, generating innovative solutions and new breakthroughs.

  • Problem-Solving Skills
    Case studies solved through Applied Mathematics encourage students to develop the ability to quickly address and resolve business crises.

  • Data Reading and Analytical Skills
    Beyond numerical proficiency and business knowledge, students must also be able to interpret and analyse data effectively to uncover business problems using Mathematics.

Courses Offered in Actuarial & Applied Mathematics at UPH

Here are some of the key courses you will study:

  • Microeconomics & Macroeconomics

  • Financial Mathematics

  • Stochastic Processes

  • Life Insurance Mathematics

  • Mathematical Modelling

  • Regression Analysis

  • Risk Theory

  • Investment

  • Statistics and Probability Theory

  • Data Science

  • and more

Achievements of Actuarial & Applied Mathematics Students at UPH

With their impressive track record, Actuarial & Applied Mathematics students bring pride to UPH and its faculty. Some of their notable achievements include:

  • Gold Medal Winner at the International Math Competition for University Students

  • Champion of the ASEAN Preneur Business Idea Competition in Manila, Philippines

  • Meritorious Winner at the International Mathematics Contest in Modelling

  • 1st Place Winner at the OSN Pertamina Competition

  • 2nd Place & Meritorious Award in the Mathematical Modelling Competition at the MAG-Day Mathematics Contest, Institut Teknologi Bandung (ITB)

  • Gold, Silver, Bronze Medals, and Honourable Mentions at ON MIPA PT

  • Finalist at the Calculus Cup Entrepreneurship Student (PKM-K)

Career Prospects for Actuarial & Applied Mathematics Graduates

Graduates of this program have wide-ranging career opportunities, including:

  • Financial Analyst

  • Financial Engineer

  • Risk Consultant

  • Risk Manager

  • Data Scientist

  • Researcher

  • Actuary

  • Statistician

  • Quantitative Analyst

  • Software Developer

  • and many more

Successful Graduates of Actuarial & Applied Mathematics at UPH


“At UPH, we continuously innovate in the study programmes and concentrations we offer to align with industry demands. The three concentrations under Applied Mathematics—Actuarial & Business Mathematics, Financial Engineering & Risk Management, and Computational Mathematics—are designed with a curriculum that equips our students with interdisciplinary knowledge to meet today’s industry challenges, particularly in finance and data.

Our faculty members consist of both academics and practitioners, providing students with a strong combination of theoretical foundations and the latest best practices,” explained Kie Van Ivanky Saputra, S.Si., Ph.D., Head of Applied Mathematics Study Programme at UPH.

Join UPH’s Actuarial and Applied Mathematics Program!

UPH is committed to producing competent, excellent Actuarial and Applied Mathematics graduates who are ready to contribute meaningfully in education, industry, and community service. At UPH, students are prepared to become The Next Great Achiever. For more detailed information about this programme, Register now (click here).

Don’t miss the chance to be part of UPH’s Actuarial and Applied Mathematics family! 🎓 Special tuition fee discounts are available for new enrolments—so why wait? Register now (click here).

📞 Contact our Student Consultant at 0811-1057-7765  for more information!


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