Actuarial Studies / Commerce - 3155
Program Summary
Faculty: Australian School of Business
Contact: Australian School of Business Student Centre
Campus: Sydney
Career: Undergraduate
Typical Duration: 4 Years
Typical UOC Per Semester: 24
Min UOC Per Semester: 6
Max UOC Per Semester: 24
Min UOC For Award: 192
UAC Code: 424350
International Entry Requirements: See International Entry Requirements
Award(s):
Bachelor of Actuarial Studies
Bachelor of Commerce
Bachelor of Commerce (Major)
View program information for previous years
Program Description
The Bachelor of Actuarial Studies / Bachelor of Commerce is a 4 year dual degree program which enables students to complete a depth of study from the actuarial studies program and the option to increase their business knowledge by choosing one or two majors offered in the Bachelor of Commerce at the Australian School of Business.
Program Objectives and Graduate Attributes
Program Structure
Students must satisfy the following requirements for the Bachelor of Actuarial Studies and Bachelor of Commerce:
Where the requirements for the two programs are completed in less than 192 UOC due to overlapping courses, students are required to satisfy the remaining UOC from courses offered by the Australian School of Business.
The program consists of:
- Compulsory first and second year Actuarial and Commerce core courses
- Flexible Commerce core courses
- Third year elective courses from Actuarial Studies
- Commerce major requirements
- ASB electives
- General education courses
- ACCT1501 Accounting & Financial Mgt 1A (6 UOC)
- ACCT1511 Accounting & Financial Mgt 1B (6 UOC)
- ACTL1101 Intro Actuarial Studies (6 UOC)
- ACTL2102 Foundation of Actuarial Models (6 UOC)
- ACTL2111 Financial Maths for Actuaries (6 UOC)
- ACTL2131 Probability & Math Stat (6 UOC)
- ECON1101 Microeconomics 1 (6 UOC)
- ECON1102 Macroeconomics 1 (6 UOC)
- FINS1613 Business Finance (6 UOC)
- MATH1151 Maths - Actuarial & Finance 1A (6 UOC)
- MATH1251 Maths - Actuarial & Finance 1B (6 UOC)
- MGMT1001 Managing Organisations&People (6 UOC)
Note that ACTL2131 (or MATH2901) acts as a substitute for ECON1203 in the BCom Core.
Flexible Commerce core course (6 UOC) Students should choose one course from the following list:
- INFS1602 Info Systems in Business (6 UOC)
- MARK1012 Marketing Fundamentals (6 UOC)
- TABL1710 Business and the Law (6 UOC)
selected from:
- ACTL3141 Actuarial Models & Statistics ( UOC)
- ACTL3151 Life Contingencies ( UOC)
- ACTL3162 General Insurance Techniques ( UOC)
- ACTL3182 Asset-Liability & Derivative M ( UOC)
ASB electives: These courses can be taken from within Actuarial Studies, or
from the Australian School of Business.
Approved Majors from within the ASB:
- Accounting
- Business Economics
- Business Strategy and Economic Management
- Business Law
- Finance
- Financial Economics
- Human Resource Management
- Information Systems
- International Business
- Management
- Marketing
- Real Estate Studies
- Taxation
General Education Requirements
Please note that students enrolled in programs within the Australian School of Business cannot take General Education courses offered by the ASB (i.e. GENC code). . These restrictions also apply to the following courses:
- GENL2015 The World of Work
- GENL2021 An Introduction to the Australian Legal System
- GENL2032 Cyberspace Law 2.0
- GENL5021 Business Law Basics
Honours
usually complete advanced courses/seminars and a thesis.
Academic Rules
To be awarded a degree at Pass level, the BActSt/BCom must contain:
2. A minimum of 168 UOC of courses offered by the ASB. (MATH courses are not counted in this requirement.)
3. 72 UOC of compulsory courses (54 UOC of Level 1, and 18 UOC of Level 2).
4. 6 UOC of additional Level 1 Commerce Flexible Core course.
5. A minimum of one Major from within the ASB. (Refer to Table A)
6. At least 18UOC of elective Level 3 actuarial studies courses.
7. 12 UOC courses from outside the ASB to fulfil the University’s General Education requirement.
8. Maximum of 72 UOC of Level 1 courses, excluding Level 1 courses completed as part of the General Education Requirement.
Majors and Minors
9. A Major in the ASB is a sequence of at least 48UOC courses in a single discipline or area of study.
10. If a student chooses to complete a second major, and the Majors have courses in common, a student may be permitted to have up to 6 UOC counted towards each Major sequence.
11. 18 UOC of an ASB Major must be at Level 3.
12. If a student chooses to complete an ASB Minor, it will consist of 30UOC, with a minimum of 18UOC at Level 2 and Level 3.
Progression Rules
13. A minimum of 24 UOC of courses must be completed before enrolling in Level 2 courses.
14. A minimum of 72 UOC of courses must be completed before enrolling in Level 3 courses.
15. Students must declare their BCom major before commencing Year 2. (No such rule applies to the BActSt.)
Other rules in the BActSt and BCom will apply wherever relevant.
Fees
Further Information
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 Australian School of Business Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
Forms, policies and procedures
Frequently asked questions
Related Program(s)
3502 Commerce
3586 Actuarial Studies
Area(s) of Specialisation