A renowned institution with longstanding expertise on business education in IndonesiaContact Us
On 9th August 2017, seven students of Universitas Prasetiya Mulya’s Business Mathematics bachelor's degree programme received scholarships from the Risk Management, Economic Sustainability, and Actuarial Sciences Development in Indonesia (READI) Project; an Actuarial Development programme initiated by the University of Waterloo, Canada and the Financial Services Authority (OJK) that aims to increase the number and quality of actuarial science graduates available to Indonesian businesses. As part of the strategic partnership with Universitas Prasetiya Mulya which started on 11th April 2017, READI provided scholarships for Business Mathematics undergraduate students that are studying the field of actuary and which will also be certified by the Indonesian Actuary Association (PAI).
Through this collaboration, Universitas Prasetiya Mulya became READI’s first university partner to receive the READI Project scholarship. The scholarship programme will provide complete tuition fees for four years of study, living expenses, study facilities fees, and costs reimbursement for the Actuarial certification by the PAI. The signing ceremony was initiated by Prof. Dr. Janson Naiborhu Dean of School of Applied Science, Technology, Engineering and Mathematics (STEM) of Universitas Prasetiya Mulya, and Mr William Duggan as Field Director of the READI Project. The ceremony was also attended by Universitas Prasetiya Mulya’s Vice Rector I of Academics Prof. Yudi Samyudia Ph.D, as well as faculty members of the School of Applied STEM.
During the event, Mr Duggan stated that the strong synergy between the two institutions is due to Universitas Prasetiya Mulya being most active in contributing to actuarial advancement. As the Indonesian economy develops, there is a growing need for actuaries that possess the unique combination of analytical and business skills that can address the growing variety of challenges in Indonesia’s maturing financial markets. As such, in having its students receive the READI Project scholarship, Universitas Prasetiya Mulya thus demonstrated its ability to identify the wide spectrum of contingent and financial risks within the country’s capital markets going forward.