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 Actuarial Studies Co-op - ACTLA13502
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Plan Summary

 
Faculty: Faculty of Business
 
  
   
 
Program: 3502 - Commerce
 
 
Award(s):
 
 
Bachelor of Commerce (Major)
 
  

Plan Outline

This plan is available only to students admitted through the scholarship selection procedures administered by the Co-op Program office. Entry to the plan is at first year only.

This plan is within a four-year degree program combining the requirements of the BCom with coordinated industrial experience. Industrial experience extends outside University sessions.

Plan Structure

Required Courses
Options

To satisfy the minimum requirements of the Actuarial Studies Co-op Program, the following courses must be completed:

List A

Professional Recognition

The profession of Actuary is one of the oldest in the financial world. It is highly regarded and requires the completion of, or exemption from, professional examinations. Fellows of The Institute of Actuaries of Australia, the Institute of Actuaries or Faculty of Actuaries (UK), or the Society of Actuaries (North America) can practise as actuaries in Australia.

Students intending to enter the actuarial profession should normally have completed 4-unit mathematics or obtained a high mark in 3-unit mathematics and should be aiming to obtain at least an average 70% mark in their University studies. Experience has shown that the higher your UAI or equivalent, the better your chances of success in meeting the standard for exemption from the professional actuarial examinations (95 and above is often recommended).

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 a Fellow of The Institute of Actuaries of Australia (FIAA) requires the completion of subjects in Parts I, II and III of the professional examinations.

Qualification as an Associate of The Institute of Actuaries of Australia (AIAA) is attained on completion of the subjects in Parts I and II.
  • Part I is covered by the relevant subjects in the actuarial disciplinary stream in the Bachelor of Commerce.
  • Part II is studied after graduating or in an honours year and is made up of a full year subject which covers actuarial principles and actuarial practice.
  • Part III consists of two subjects 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. Students select these two subjects from the five practice areas of Investment Management, Life Insurance, General Insurance, Superannuation and Finance.
The following courses at UNSW correspond to the Part I and Part II subjects of the IAAust professional examinations:
UNSW Course
Professional Subject
CT3 Probability and Mathematics Statistical
CT1 Financial Mathematics
None
CT4 Models
CT5 Contingencies
CT6 Statistical Methods
CT7 Economics
CT2 Finance and Financial Reporting
CT8 Financial Economics
Part II
Part II

 
 
 

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.