Actuarial Studies / Commerce

University of New South Wales

About

The Bachelor of Actuarial Studies / Bachelor of Commerce is a 4 year dual degree program which enables students to complete a depth of study from the actuarial studies program and the option to increase their business knowledge by choosing one or two majors offered in the Bachelor of Commerce … For more content click the Read More button below.The Bachelor of Actuarial Studies / Bachelor of Commerce is a 4 year dual degree program which enables students to complete a depth of study from the actuarial studies program and the option to increase their business knowledge by choosing one or two majors offered in the Bachelor of Commerce at the UNSW Business School.Read More

Structure

Actuarial Studies Majors3586 - Actuarial Studies

Students may elect to complete ACTLE1 or MATHE1 in addition to their Actuarial Studies program requirements.Students completing these majors will still need to complete the program requirements such as Level 1 and 2 core course as well as Level 3 electives. These majors will require UOC to be taken from Business School electives and/or General Education courses. Please see the Progression Plans and consult the Business School Student Centre if you are interested in completing either of these majors.keyboard_arrow_down

  • Major
  • ACTLE148 UOCActuarial Risk Management and Analytics
  • MATHE166 UOCQuantitative Data Science

Optional Additional Major/Minor3586 - Actuarial Studies

Completion of an additional major is optional. Students may choose a maximum of one specialisations listed below.Please note: Completion of an additional major within a combined Actuarial Studies degree may result in more UOC required for degree completion.Students in Actuarial Studies/Economics cannot complete an additional ECON-coded major/minor. They must complete ECONA1, ECONJ1 or ECONE1 to meet their Economics requirements. Similarly, students in Actuarial Studies/Information Systems cannot complete INFSA1 or INFSA2 as an additional major/minor.keyboard_arrow_down

  • MajorMinor
  • ACCTA148 UOCAccounting
  • COMMF148 UOCReal Estate Studies
  • ECONF148 UOCBusiness Economics
  • ECONI148 UOCBusiness Strategy & Econ Mngmt
  • ECONJ160 UOCFinancial Economics
  • FINSA148 UOCFinance
  • FINSR148 UOCFinancial Technology
  • IBUSA148 UOCInternational Business
  • INFSA148 UOCInformation Systems
  • MARKA148 UOCMarketing
  • MGMTA148 UOCManagement
  • MGMTH148 UOCHuman Resource Management
  • TABLA148 UOCBusiness Law
  • TABLC148 UOCTaxation

Business Majors3502 - Commerce

Major Requirements: 48 UOC in an approved disciplinary stream containing at least 18 UOC at level 3. (Note that the 48 UOC includes the first disciplinary course(s) in the Core (Compulsory or Flexible). This means that, for the majority of majors, students will complete 42 UOC in specified disciplinary courses outside the core, (except for the Real Estate Studies major).Please Note:-The Business Law major (TABLA1) is not available to students enrolled in 4733 Commerce/Law.- Commerce/Education (secondary) 3462 students can only choose one major from:(a) Business Economics(b) Financial Economics(c) Business Strategy and Economic Management(d) Accounting (students who wish to meet CPA/CAANZ professional recognition requirements in this major will need to complete an additional Upper Level Economics elective above what is required within the commerce component)keyboard_arrow_down

  • Major
  • ACCTA148 UOCAccounting
  • COMMF148 UOCReal Estate Studies
  • COMMJ148 UOCBusiness Analytics
  • ECONF148 UOCBusiness Economics
  • ECONI148 UOCBusiness Strategy & Econ Mngmt
  • ECONJ160 UOCFinancial Economics
  • FINSA148 UOCFinance
  • FINSR148 UOCFinancial Technology
  • IBUSA148 UOCInternational Business
  • INFSA148 UOCInformation Systems
  • MARKA148 UOCMarketing
  • MGMTA148 UOCManagement
  • MGMTH148 UOCHuman Resource Management
  • TABLA148 UOCBusiness Law
  • TABLC148 UOCTaxation

Minors3502 - Commerce

Students must complete at least 24 and no more than 30 of the specialisations below.keyboard_arrow_down

  • Minor
  • ACCTA230 UOCAccounting
  • COMMF230 UOCReal Estate Studies
  • ECONF230 UOCBusiness Economics
  • FINSA230 UOCFinance
  • FINSR230 UOCFinancial Technology
  • IBUSA230 UOCInternational Business
  • INFSA230 UOCInformation Systems
  • MARKA230 UOCMarketing
  • MGMTA230 UOCManagement
  • MGMTH230 UOCHuman Resource Management
  • TABLA230 UOCBusiness Law

Level 1 Core Courses3586 - Actuarial Studies

Students must take 54 UOC of the following courses.keyboard_arrow_down

  • ACCT15016 UOCAccounting and Financial Management 1A
  • ACCT15116 UOCAccounting and Financial Management 1B
  • ECON11016 UOCMicroeconomics 1
  • ECON11026 UOCMacroeconomics 1
  • FINS16136 UOCBusiness Finance
  • MATH11516 UOCMathematics for Actuarial Studies and Finance 1A
  • MATH12516 UOCMathematics for Actuarial Studies and Finance 1B
  • MGMT10016 UOCManaging Organisations and People
  • ACTL11016 UOCIntroduction to Actuarial Studies

Level 2 Core Courses3586 - Actuarial Studies

Students must take 18 UOC of the following courses.Students may replace ACTL2131 with the two courses MATH2901 Higher Theory of Statistics and MATH2931 Higher Linear Models. If students make this replacement, MATH2901 will count towards ACTL2131, and MATH2931 will be counted towards a major where this course is required or as a Business elective.keyboard_arrow_down

  • ACTL21026 UOCFoundations of Actuarial Models
  • ACTL21116 UOCFinancial Mathematics for Actuaries
  • ACTL21316 UOCProbability and Mathematical Statistics

Business Core Courses3502 - Commerce

Students must take 24 UOC of the following coursesECON1203 is not required for:- Commerce/Information systems students have the option to take ECON1203 or MATH1041- Actuarial/Commerce student take MATH1151 and MATH1251 in place of ECON1203- Commerce/Economics student ECON1203 is completed part of the Economics Major requirements.keyboard_arrow_down

  • ACCT15016 UOCAccounting and Financial Management 1A
  • ECON11016 UOCMicroeconomics 1
  • MGMT10016 UOCManaging Organisations and People
  • ECON12036 UOCBusiness and Economic Statistics

Level 3 Actuarial Electives3586 - Actuarial Studies

Students must complete 18 UOC of the following courses.keyboard_arrow_down

  • ACTL31416 UOCActuarial Models and Statistics
  • ACTL31426 UOCActuarial Data and Analysis
  • ACTL31516 UOCLife Contingencies
  • ACTL31626 UOCGeneral Insurance Techniques
  • ACTL31826 UOCAsset-Liability and Derivative Models
  • ACTL31916 UOCSuperannuation and Retirement Benefits
  • ACTL31926 UOCRetirement Saving and Spending Over the Lifecycle

Flexible Core Courses3502 - Commerce

Students must take at least 24 UOC of the following courses.keyboard_arrow_down

  • ACCT15116 UOCAccounting and Financial Management 1B
  • COMM10006 UOCCreating Social Change: From Innovation to Impact
  • COMM18226 UOCIntroduction to Databases for Business Analytics
  • ECON11026 UOCMacroeconomics 1
  • FINS16136 UOCBusiness Finance
  • INFS16026 UOCDigital Transformation in Business
  • MARK10126 UOCMarketing Fundamentals
  • MGMT11016 UOCGlobal Business Environment
  • TABL17106 UOCBusiness and the Law

Business Elective3586 - Actuarial Studies

Students in the combined Actuarial Studies/Commerce dual degree must complete 42-48 UOC of Business School electives overall depending on the Commerce major.Students in the combined Actuarial Studies/Economics dual degree must complete 36 UOC of Business School electives overall.Students Students in the combined Actuarial Studies/Information Systems dual degree must complete 18 UOC of Business School electives overall.keyboard_arrow_down

  • any course offered by UNSW Business School

Business School electives3502 - Commerce

UOC remaining after completion of the Compulsory core, Flexible core and Major requirements for the following double degree should be taken from within the UNSW Business School to ensure minimum program requirements are met.- Commerce/Information Systems 3584 (24-30UOC in UNSW Business School courses to ensure a student completes a minimum of 96UOC of Business courses within the Bachelor of Commerce. The exact number of courses to complete will depend on the major chosen.)- Actuarial studies/Commerce 3155 (42-48UOC These courses must be taken from Actuarial Studies or from the UNSW Business School. These UOC can also be made up of additional Actuarial Studies or Business School courses, or as part of a minor or major approved for the Bachelor of Actuarial Studies or Bachelor of Commerce. Note that, for some majors, additional study of courses above the minimum stipulated for the dual degree program may be required. - Commerce/Economics 3521 (to ensure a minimum of 84 UOC of Economics courses are completed for the Economics component and a minimum of 96 UOC of UNSW Business School courses are required for the Commerce component. GEN courses cannot count as Business School electives.keyboard_arrow_down

  • any course offered by UNSW Business School

General Education3586 - Actuarial Studies

Students must complete 6 UOC of General Education for the Actuarial component of the dual degree however must complete 12 UOC of General Education in the degree overall.Please note: Students enrolled in programs within the UNSW Business School cannot take General Education courses offered by the UNSW Business School (i.e. GENC code). These restrictions also apply to the following courses:GENL2021 An Introduction to the Australian Legal SystemGENL2032 Cyberspace Law 2.0keyboard_arrow_down

  • any General Education course

General Education3502 - Commerce

Students must take at least 6 UOC of the following courses.keyboard_arrow_down

  • any General Education course

Minimum Faculty UOC Requirement3586 - Actuarial Studies

Students must complete 90 UOC of Business School courses within the Actuarial Studies component however must complete 180 UOC of Business School courses across the degree.keyboard_arrow_down

  • any course offered by UNSW Business School

Maximum Level 1 UOC3502 - Commerce

Students may complete up to a maximum of 72 UOC of the following courses in the overall double degree, excluding Level 1 courses completed as part of the General Education requirement in double degree.keyboard_arrow_down

  • any level 1 course

Minimum Faculty UOC3502 - Commerce

Students must complete a minimum of 96 UOC of the following courses.keyboard_arrow_down

  • any course offered by UNSW Business School

Major Requirements

For any majors that require ECON1202, MATH1151 will act as substitute of ECON1202, hence students will need to complete the remaining major courses to meet the major requirements. Note that, for some majors, additional study of courses above the minimum stipulated for the dual degree program may be required.For any majors that require ECON1202, MATH1151 will act as substitute of ECON1202, hence students will need to complete the remaining major courses to meet the major requirements. Note that, for some majors, additional study of courses above the minimum stipulated for the dual degree program may be required.Read More

Maximum Level 1 UOC 3586 - Actuarial Studies

Students may complete up to a maximum of 72 UOC of Level 1 courses in the overall double degree, excluding Level 1 completed as part of the General Education requirement in the double degree.

Level 2 and 3 Maturity Requirements 3586 - Actuarial Studies

Students must have completed 24 UOC before taking any Level 2 courses.Students must have completed 48 UOC before taking any Level 3 courses.

LEVEL 2 AND 3 MATURITY REQUIREMENTS 3502 - Commerce

Student must have completed 24 UOC before taking any level 2 courses.Student must have completed 48 UOC before taking any level 3 courses.

Institution