Glossary

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Actuarial Studies - ACTLAH4520

Stream Summary

Faculty: COMM - UNSW Business School

School: School of Risk and Actuarial Studies

Contact: UNSW Business School Student Centre

Program: 4520 - Actuarial Studies (Honours)

Award(s):

Bachelor of Actuarial Studies (Honours)

View stream information for previous years

Stream Outline

At UNSW, Honours in Actuarial Studies provides an introductory but rigorous training in the research process. Research training provides the opportunity to be recognised as a leader in a specialised area of theory and/or practice of relevance to the actuarial profession. It promotes the development of analytical skills and provides high level training in research methods. It encourages the development of a rigorous and scientific approach to problem solving.

In 2013, completion of Honours in Actuarial Studies is offered as part of the Bachelor of Commerce (Honours). The program is open to both local and international students, subject to the admission requirements that are outlined below.

Entry into the Actuarial Studies Honours program is competitive and is subject to availability of academic staff for supervision.

Stream Structure

Students are required to enrol in:

ACTL4000 Thesis (Actuarial Studies) (24 UOC)
ACTL4003 Res. Topics in Act. Studies (6 UOC)

Three elective courses (18 UOC), chosen from:

ACTL4001 Actuarial Theory & Practice A (6 UOC)
ACTL4002 Actuarial Theory & Practice B (6 UOC)
ACTL4303 Asset-Liability Management (6 UOC)
ACTL5301 Models for Risk Management (6 UOC)
ACTL5302 Risk and Capital Management (6 UOC)

Any relevant course at Honours or Masters level in, e.g., RISK, ECON, FINS or MATH.

The 18 UOC of elective courses must be relevant to the honours topic and are approved by the proposed supervisor(s) when they sign off the EOI Form. Any alternation to this study plan is subject to approval by the Honours Coordinator after consultation of the supervisor(s). Note that students should not be enrolled in more than two elective courses in Semester 2.

The School of Risk and Actuarial Studies is a research intensive school. Honours students in the school are expected to attend a majority of the school research seminars.

Entry Requirements

In addition to the requirements set by the University of New South Wales and the UNSW Business School for enrolment in the program, the School of Risk and Actuarial Studies expects applicants to:

Be eligible for exemption from all Part I courses from the Actuaries Institute;
Have a weighted average mark (WAM) of at least 80 in all core actuarial courses (the ones are considered for the purpose of exemption from the Part I examinations of the Actuaries Institute) in the degree in which they are currently enrolled;
Have a weighted average mark (WAM) of at least 80 in the degree in which they are currently enrolled.

Furthermore, candidates must follow the application procedure described on the website of the School of Risk and Actuarial Studies.

Professional Recognition

The Institute of Actuaries of Australia

Academic Rules

Please refer to the Stream Structure for the Academic requirements.

Further Information

Please note that these requirements may be subject to change.
Students are advised to follow requirements according to the year they commenced. Please refer to previous editions of the Online Handbook for your program requirements.

Contact the UNSW Business School Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
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