Actuarial Studies / Advanced Mathematics (Honours)

University of New South Wales

About

The Bachelor of Actuarial Studies/Bachelor of Science (Advanced Mathematics)(Honours) (BCom/BSc (Adv Maths)(Hons) is a 5 year dual degree program which will meet the needs of students wanting an advanced program of study in mathematics or statistics, complemented with a strong, focused actuarial studies program.

As part of this program students … For more content click the Read More button below.The Bachelor of Actuarial Studies/Bachelor of Science (Advanced Mathematics)(Honours) (BCom/BSc (Adv Maths)(Hons) is a 5 year dual degree program which will meet the needs of students wanting an advanced program of study in mathematics or statistics, complemented with a strong, focused actuarial studies program.

As part of this program students will complete a major stream in both a selected area of mathematics or statistics (from UNSW Science), and a sequence of actuarial studies courses within the UNSW Business School.The Advanced Mathematics(Honours) component includes a single major and a research project, as well as the award of class of honours based on performance on the honours year.

Majors are defined on the Advanced Mathematics (Honours) Program (3956) page.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. Students cannot declare an additional Business major/minor as well.These majors will require UOC to be taken from the Business School elective course requirement and an additional 12-18 UOC is to be completed on top of the 96 UOC for the Actuarial component to complete these majors. 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/Minor3586 - Actuarial Studies

Students may use their Business electives to complete an optional major or minor. Students may choose a maximum of one major or minor listed below.Please note: Completion of an additional major/minor within the combined Actuarial Studies degree may result in more UOC required for degree completion.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

Major Specialisation Requirements3956 - Advanced Mathematics (Honours)

Students must complete at least one of the specialisations below.keyboard_arrow_down

  • Major
  • MATHA190 UOCApplied Mathematics
  • MATHP190 UOCPure Mathematics
  • MATHU184 UOCAdvanced Statistics

Honours Specialisation Requirements3956 - Advanced Mathematics (Honours)

Students must complete at least one of the specialisations below.keyboard_arrow_down

  • Honours
  • MATHAH48 UOCApplied Mathematics
  • MATHPH48 UOCPure Mathematics
  • MATHTH48 UOCStatistics

Level 1 Core Courses3586 - Actuarial Studies

Students must take 54 UOC of the following courses.Please note: For students completing Actuarial Studies/Computer Science, Actuarial Studies/Science or Actuarial Studies/Advanced Maths (Hons).MATH1151 & MATH1251 are compulsory core courses that count towards the other degree component. Therefore, students must complete and additional 12 UOC of UNSW Business School electives to satisfy the 96 UOC depth component.keyboard_arrow_down

  • ACCT15016 UOCAccounting and Financial Management 1A
  • ACCT15116 UOCAccounting and Financial Management 1B
  • ACTL11016 UOCIntroduction to Actuarial Studies
  • 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

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. Please note: If you are studying Actuarial Studies/Science or Actuarial Studies/Advanced Maths (Hons), and wish to count MATH2901 and MATH2931 toward Science or Advance Maths (Hons) degree, you must complete more Business elective courses to achieve meet the minimum Business School Course requirement.keyboard_arrow_down

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

Level 1 Core Course3956 - Advanced Mathematics (Honours)

Students must take the following course.keyboard_arrow_down

  • SCIF11316 UOCIntroductory Skills for Science

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

Business School Elective3586 - Actuarial Studies

Students must complete additional Business School electives to meet the 96 UOC of Business courses required for the Actuarial Studies component of the degree.Please note: For students in Actuarial Studies/Law only 6 UOC of Business School electives are required. For students in Actuarial Studies/Computer Science, Actuarial Studies/Science or Actuarial Studies/Adv Math (Hons), 18 UOC of Business School electives are required.keyboard_arrow_down

  • any course offered by UNSW Business School

Level 2 Maturity Requirements3956 - Advanced Mathematics (Honours)

Students may commence Level 2 courses upon successful completion of 30 UOC of Level 1 courses.keyboard_arrow_down

  • any level 2 course

Level 3 Maturity Requirements3956 - Advanced Mathematics (Honours)

Students may commence Level 3 courses upon successful completion of 72 UOC.keyboard_arrow_down

  • any level 3 course

Minimum Faculty UOC3586 - Actuarial Studies

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 UOC3586 - Actuarial Studies

No more than 60 UOC of Level 1 Business courses will be counted towards the degree.keyboard_arrow_down

  • any level 1 course

Maximum Level 1 UOC3956 - Advanced Mathematics (Honours)

A maximum of 72 UOC of Level 1 courses can be taken, including any General Education or mainstream Level 1 course taken to fulfil either the General Education or the Free Elective requirement.keyboard_arrow_down

  • any level 1 course

Minimum Level 1 Science Courses3956 - Advanced Mathematics (Honours)

Students must complete a minimum of 24 UOC of the following courses.keyboard_arrow_down

  • any level 1 Pharmacology course
  • any level 1 Neuroscience course
  • any level 1 Physiology course
  • any level 1 Pathology course
  • any level 1 Anatomy course
  • any level 1 Computer Science course
  • any level 1 Food Technology course
  • any level 1 course offered by Faculty of Science

Minimum Level 3 Science Courses3956 - Advanced Mathematics (Honours)

Students must complete a minimum of 30 UOC of the following courses.keyboard_arrow_down

  • any level 3 Pathology course
  • any level 3 Anatomy course
  • any level 3 Pharmacology course
  • any level 3 Neuroscience course
  • any level 3 course offered by Faculty of Science
  • any level 3 Medical Science course
  • any level 3 Food Technology course
  • any level 3 Computer Science course
  • any level 3 Physiology course

Requirements for Double Degree Actuarial Studies/Law 3586 - Actuarial Studies

Law students are permitted to complete any TABL course offered in the Taxation major, with the exception of TABL1710 and TABL2741, as part of the Actuarial Studies component of their program but are NOT permitted to complete any other TABL course.Law students are permitted to complete any TABL course offered in the Taxation major, with the exception of TABL1710 and TABL2741, as part of the Actuarial Studies component of their program but are NOT permitted to complete any other TABL course.Read More

Mathematics Requirements for Double Degree 3586 - Actuarial Studies

1. MATH1151 Mathematics for Actuarial Studies and Finance 1A (6 UOC) replaces MATH1141 Higher Mathematics 1A (6 UOC) 2. MATH1251 Mathematics for Actuarial Studies and Finance 1B (6 UOC) replaces MATH1241 Higher Mathematics 1B This applies to any stream that requires either of these courses.3. If MATH1041 Statistics for Life … For more content click the Read More button below.1. MATH1151 Mathematics for Actuarial Studies and Finance 1A (6 UOC) replaces MATH1141 Higher Mathematics 1A (6 UOC) 2. MATH1251 Mathematics for Actuarial Studies and Finance 1B (6 UOC) replaces MATH1241 Higher Mathematics 1B This applies to any stream that requires either of these courses.3. If MATH1041 Statistics for Life and Social Sciences (6 UOC) is a requirement in a stream, it is replaced by one of the following three courses:- ACTL2131 Probability and Mathematical Statistics (6 UOC)- MATH2801Theory of Statistics (6 UOC)- MATH2901 Higher Theory of Statistics (6 UOC)Read More

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.

Major Declaration 3956 - Advanced Mathematics (Honours)

Students must complete exactly one approved Bachelor of Science (Advanced Mathematics) (Honours) major, and this must be declared before enrolling in Level III courses. Students cannot undertake a double major in this program.Students must complete exactly one approved Bachelor of Science (Advanced Mathematics) (Honours) major, and this must be declared before enrolling in Level III courses. Students cannot undertake a double major in this program.Read More

Institution