Type of institution: University/Higher Education Institution
This challenging and highly rewarding 5 years (full-time) degree is suitable for those with a strong mathematical background wanting to combine actuarial studies with a substantial amount of study in mathematics or statistics. It provides the necessary skills needed to enter the actuarial profession, while developing advanced knowledge in mathematics. The dual degree includes an Honours Year to further develop analytical and research skills, adding extra value to undergraduate studies.
- 40 courses (240 UOC): Actuarial Studies core courses
- 3 Level 3 Actuarial Studies electives
- Business School elective
- One science (advanced mathematics) major
- Science electives
- Honours year in sciences (advanced mathematics). NOTE: Students must complete at least 16 courses (96 UOC) for actuarial studies and 24 courses (144 UOC) for science (advanced mathematics).
- Actuarial studies
- Science (Advanced Mathematics) majors include: Advanced statistics
- Applied mathematics
- Pure mathematics
- Quantitative risk.
Standard entry requirements
- Year 12 or equivalent
- Assumed knowledge: Mathematics Extension 1
- Recommended: English (Advanced), HSC Mathematics Extension 2
Actuaries Institute of Australia
Students must achieve the required academic standard in their Actuarial Studies courses to gain exemption from Part I of the Actuaries Institute of Australia, the CT courses of The Institute and Faculty of Actuaries (UK) professional examinations or the VEE credit for the Society of Actuaries (USA). Students can gain exemption from Part II of the Actuaries Institute professional examinations and become an Associate member by completing the designated fourth year courses at the required academic standard.
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The specialisation in quantitative risk will require approval. The UNSW HSC Plus does not apply to the Bachelor of Actuarial Studies and its dual degrees.