Professional Recognition of Programs

For Postgraduate Students

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The degree programs offered by the Australian School of Business are recognised by professional organisations in accordance with the details set out below:

Australian Marketing Institute (AMI)

The Certified Practising Marketer (CPM) qualification from the AMI is the peak professional benchmark for marketers and shows that you are a professional marketer recognised for your extensive marketing experience and formal qualifications. It also means that you have made a commitment to ongoing professional development to maintain your competitive advantage.
The CPM qualification is beneficial as it defines excellence in the marketing profession, advances your knowledge with continued professional development and networking, and promotes the profession of marketing by recognising only qualified marketing practitioners. The Master of Marketing fulfils the educational requirements for the CPM qualification.

Australian Securities and Investment Commission (ASIC)

The Master of Finance, Master of Financial Analysis, Master of Commerce programs (depending on the specialisation chosen) have been approved by the Australian Securities and Investment Commission (ASIC) authorised assessors as meeting ASIC’s training requirements in relation to RG146 Tier 1 qualification in the following specialist knowledge areas:
building
  • Financial Planning
  • General insurance
  • Generic Knowledge
  • Life Insurance
  • Managed Investments
  • Securities
  • Skills
  • Superannuation
For ASIC compliance against the stated specialist knowledge areas, students must complete the following courses:
Accreditation of FINS courses with ASIC (RG146) and the Financial Planning Association will further assist graduates to find employment and begin the path to achieving Certified Financial Planner (CFP) status.

Further information on becoming a CFP professional can be found on FPA website www.fpa.asn.au

CPA Australia

CPA Australia has accepted specific postgraduate courses for the purpose of its membership qualifications. See list of approved courses.

Graduates who complete the Master of Professional Accounting or the Master of Professional Accounting (Extension) may be eligible for associate membership of CPA Australia. Although the programs cover all the required knowledge areas, CPA Australia assesses every applicant for membership requirements, which include a rule that each applicant must hold a degree which is considered comparable by the National Office of Overseas Skills Recognition (NOOSR) to an Australian Bachelor's degree. If requested, CPA Australia will provide an assessment of an overseas qualification.

Students seeking professional recognition may confirm membership requirements with CPA Australia.

Institute of Chartered Accountants in Australia (ICAA)

Various postgraduate courses at UNSW are accredited by the ICAA. See list of approved courses.

Graduates who complete the Master of Professional Accounting or the Master of Professional Accounting (Extension) are eligible to enter the Chartered Accountants Program. For further information see www.charteredaccountants.com.au.

Institute of Public Accountants (IPA)

The Accounting programs of UNSW are accredited by the IPA. Graduates who complete the Master of Professional Accounting or Master of Professional Accounting (Extension) will meet the body’s core knowledge requirements. For further information see www.publicaccountants.org.au/.

The Financial Services Institute of Australasia (FINSIA)

Graduates from the following financial and accounting postgraduate programs may be eligible for membership with FINSIA: Master of Finance, Master of Financial Analysis, Master of Professional Accounting and Master of Commerce (depending on the specialisation chosen).

Also, Business graduates can apply for advanced standing if they chose to do FINSIA education programs (eg. Postgraduate/Diploma/Certificate).

Students are encouraged to seek further information from the FINSIA website www.finsia.com
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The Institute of Actuaries of Australia

The UNSW Master of Actuarial Studies is fully accredited by the Institute of Actuaries of Australia and recognised for exemptions by the Institute of Actuaries (London) for the Core Technical subjects. To qualify as an actuary in Australia requires the completion of, or exemption from, subjects in the professional syllabus of the Institute of Actuaries of Australia.

Qualification as an Associate of the Institute of Actuaries of Australia (AIAA) is attained on completion of the courses in Parts I and II along with a 3 year Practical Experience Requirement (PER) and completing of The Professionalism Course. Qualification as a Fellow of the Institute of Actuaries of Australia (FIAA) requires the completion of subjects in Parts I, II and III of the professional actuarial examinations and the Professionalism Course.

Part I is covered by the relevant subjects in the Master of Actuarial Studies.

For Part II there are two parts: Part IIA: the Actuarial Control Cycle, and Part IIB: Investment and Asset Modelling. Part II may be studied in the Master of Actuarial Studies for students meeting the entry requirements. Part II is made up of a there courses over a full year of study and covers actuarial principles and actuarial practice along with an Asset Modelling course.

Part III consists of modules completed by distance education through The Institute of Actuaries of Australia usually on a part-time basis after completing the Part I and Part II subjects. UNSW has applied for recognition of its relevant Risk Management courses for CERA qualification.

Entry Requirements

Part I
Students can complete the Part I courses as part of their university program. Success at gaining the exemptions requires above average grades (65% and above). Those aiming to enter the actuarial profession should normally expect to gain most of the exemptions and should be aiming to obtain at least an average 70% mark in their University studies.

Part II
The requirements are:
• completed all Part I courses with exemptions or
• have a minimum average mark in the ACTL courses of 70% and 3 months relevant work experience and only 1 or 2 Part I courses to complete.
Other Professional Recognition
The Faculty of Actuaries and the Institute of Actuaries in the UK offer exemptions from the equivalent subjects in their syllabus if students have obtained exemption through the Institute of Actuaries of Australia. This covers only Part I subjects. However, Fellows of the Institute of Actuaries of Australia can obtain Fellowship of the Institute of Actuaries (London) if they wish to practice in the UK or Europe.

Students who have completed an actuarial studies major and obtained exemptions from the Part I subjects of the Institute of Actuaries of Australia can apply for waivers of some of the examinations of the Society of Actuaries (North America), under VEE credit. Fellows of the Institute of Actuaries of Australia can apply for admission as an Associate of the Society of Actuaries if they wish to practise in North America.

Fellowship of the Institute of Actuaries of Australia (FIAA) is recognised by local actuarial societies in Hong Kong, Singapore, Malaysia, New Zealand and Japan. The actuarial societies in Hong Kong, Singapore and Malaysia do not conduct their own examinations. For more information, please go to Institute's website at www.actuaries.asn.au

Postgraduate Information

Study Levels

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