Actuarial Studies

University of New South Wales

About

The Actuarial Studies program serves as a foundation for students who wish to enter the actuarial profession. Students must achieve the required academic standard in their Actuarial Studies courses to gain exemption from the Foundation Program of the Actuaries Institute professional examinations, the Core Principles courses of the Institute and … For more content click the Read More button below.The Actuarial Studies program serves as a foundation for students who wish to enter the actuarial profession. Students must achieve the required academic standard in their Actuarial Studies courses to gain exemption from the Foundation Program of the Actuaries Institute professional examinations, the Core Principles courses of the Institute and Faculty of Actuaries (UK) professional examinations, and the Validation by Educational Experience (VEE) credit for the Society of Actuaries (USA) and Casualty Actuarial Society (USA).  Students (esp.

Actuarial Studies (Co-op) students and dual degree students) may also be eligible to gain exemption from the university accreditation components of the Associate Program of the Actuaries Institute professional examinations.Read More

Structure

Level 1 Core Courses

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 Courses

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

Level 3 Actuarial Electives

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

Alternative Actuarial Studies Majors

Students may elect to complete either of the following majors as alternatives to the default Actuarial Studies major.Students completing these alternative Actuarial Studies majors will still need to complete the program requirements such as Level 1 and 2 core course as well as Level 3 electives. Additionally, students cannot declare an additional Business major/minor as well.These majors will require UOC to be taken from Free elective 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 Second Major or Minor

Completion of a second major/minor is optional. Students may choose a maximum of one major/minor listed below.Please note: A major in the School of Mathematics and Statistics comprises at least 60 UOC. Students completing a Major in the School of Mathematics and Statistics may treat MATH 1151 as equivalent to MATH1141, and MATH1251 as equivalent to MATH1241 for the purposes of completing major requirements.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
  • MATHM160 UOCMathematics
  • MATHT160 UOCStatistics
  • MGMTA148 UOCManagement
  • MGMTH148 UOCHuman Resource Management
  • TABLA148 UOCBusiness Law
  • TABLC148 UOCTaxation

Business Elective

Students must complete 6 UOC of Business electives to meet the minimum Business School course requirement to satisfy the depth component of the degree.keyboard_arrow_down

  • any course offered by UNSW Business School

Free Electives

Student must complete 36 UOC of Free electives. These courses can be offered by the Business Faculty or outside of Business but cannot be GEN coded.keyboard_arrow_down

  • any course

General Education

Students must complete 12 UOC of General Education courses.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

Minimum Faculty UOC

Students must complete a minimum of 96 UOC of UNSW Business School courses.keyboard_arrow_down

  • any course offered by UNSW Business School

Maximum Level 1 UOC

No more than 60 UOC in Level 1 courses (not including 12 UOC of General Education courses) will be counted towards the degree.keyboard_arrow_down

  • any level 1 course

Level 2 and 3 Maturity Requirements

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

Learning outcomes

1.Business knowledge: Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.ProfessionalsGlobal Citizens

2.Problem solving: Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.LeadersProfessionalsGlobal Citizens

3.Business communication: Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.Global Citizens

4.Teamwork: Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.Global Citizens

5.Responsible business practice: Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.ProfessionalsGlobal Citizens

6.Global and cultural competence: Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.LeadersGlobal Citizens

7.Leadership development: Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.

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