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Actuarial Studies - ACTLC13136
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Plan Outline
Plan Structure
Honours

Plan Summary

 
Faculty: Faculty of Science
 
 
School: Actuarial Studies Unit
 
 
Contact: http://www.actuarial.unsw.edu.au/
 
 
Program: 3136 - Materials Science/Commerce
 
 
Award(s):
 
 
Bachelor of Commerce (Major)
 
 

Plan Outline

This plan is for a single Major in Actuarial Studies.

Actuarial studies involves the application of quantitative, economic and financial models and analysis to long term financial management particularly in life insurance, general insurance, health insurance, and superannuation as well as in other financial services.

The actuarial courses cover the models used to quantify and manage risks such as survival, birth, marriage, sickness, retirement, accident, fire, flood, asset default and asset value fluctuations and to study their financial effect on the obligations of insurance companies, benefit plans and other financial security systems. The courses provide the foundations for actuarial practice in the pricing, reserving, investment, and financial management of life insurance, general insurance superannuation and pension funds.

The actuarial program of study also aims to develop the use of judgement and to provide the necessary combination of mathematical, statistical, accounting, economic, financial, demographic, analytical and modelling skills for a rewarding career in the financial services industry.

The actuarial studies program also provides students who meet the required standards with the opportunity to apply for exemptions from some or all of the Part I examinations of The Institute of Actuaries of Australia and entry into the actuarial profession.

Plan Structure

  • The minimum requirement for an Actuarial Studies single Major is 48 units of credit.
  • To satisfy the minimum requirements for an Actuarial Studies single Major, students must complete the four required courses listed below PLUS at least 3 options from List A AND at most 1 option from List B.
  • To obtain maximum professional actuarial course exemptions, ACTL3001, ACTL3002, ACTL3003 and ACTL3004 (all List A) should be completed and ACCT2542, ECON2101/ECON2102 and FINS1613 from List B.

Required Courses
  • MATH1141 Higher Mathematics 1A OR
  • MATH1151 Maths for Actuarial Studies & Finance 1A
  • MATH2141 Higher Mathematics 1B OR
  • MATH1251 Maths for Actuarial Studies & Finance 1B
Note:

The above MATH courses are required in place of the standard Year 1 courses ECON1202 and ECON1203.

List A

List B

Honours

Honours level study is available in Actuarial Studies.
Please refer to the Honours plan record for further information and entry requirements.

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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.