Actuarial Stu/Adv Maths (Hons) - 3589
Program Summary
Faculty: UNSW Business School
Contact: UNSW Business School Student Centre
Campus: Sydney
Career: Undergraduate
Typical UOC Per Semester: 24
Min UOC Per Semester: 6
Max UOC Per Semester: 24
Min UOC For Award: 240
UAC Code: 424350
Domestic Entry Requirements: See Domestic Entry Requirements
International Entry Requirements: See International Entry Requirements
Award(s):
Bachelor of Actuarial Studies
Bachelor of Science (Advanced Mathematics) (Honours)
View program information for previous years
Program Description
If you are a prospective student researching your study options, please visit UNSW Business School website for more information.
The Bachelor of Actuarial Studies/Bachelor of Science (Advanced Mathematics)(Honours) (BCom/BSc (Adv Maths)(Hons) is a 5 year dual degree program which will meet the needs of students wanting an advanced program of study in mathematics or statistics, complemented with a strong, focused actuarial studies program. As part of this program students will complete a major stream in both a selected area of mathematics or statistics (from UNSW Science), and a sequence of actuarial studies courses within the UNSW Business School.
The Advanced Mathematics(Honours) component includes a single major and a research project, as well as the award of class of honours based on performance on the honours year. Majors are defined on the Advanced Mathematics (Honours) Program (3956) page.
With approval, students with an appropriate academic record may also enrol in an additional actuarial studies Honours year within the UNSW Business School.
Program Objectives and Graduate Attributes
- demonstrate business knowledge and apply that knowledge in business problems
- demonstrate critical thinking and problem solving skills
- present complex issues in coherent written statements and oral presentations
- demonstrate understanding of actuarial issues in a local or global context
- demonstrate understanding of the principles of working collaboratively in teams
- understand the social and ethical dimensions in actuarial work.
Program Structure
Where the requirements for the two programs are completed in less than 240 units of credit due to overlapping courses, students may satisfy the remaining units of credit from those offered by the UNSW Business School or from within UNSW Science.
Requirements for the Bachelor of Actuarial Studies in dual degree mode
Students are required to complete at least 96 UOC consisting of:
- Compulsory first and second year courses
- Third year elective courses from Actuarial Studies
- *Three elective courses (18 UOC) from Actuarial Studies or the UNSW Business School.
- 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)
- ACTL3141 Actuarial Models & Statistics (6 UOC)
- ACTL3142 Actuarial Data and Analysis (6 UOC)
- ACTL3151 Life Contingencies (6 UOC)
- ACTL3162 General Insurance Techniques (6 UOC)
- ACTL3182 Asset-Liability & Derivatives (6 UOC)
- ACTL3191 Super and Retirement Benefits (6 UOC)
- ACTL3192 Retirement Saving and Spending (6 UOC)
Note that a minimum of 96 UOC must be completed in UNSW Business School courses for the Bachelor of Actuarial Studies.
Click here to view the Progression Plan for your Actuarial Studies program
Requirements for the Bachelor of Science (Advanced Mathematics)(Honours)
Students are required to complete at least 144 UOC of courses for this component which includes:
- An Advanced Mathematics (Honours) major from program 3956
- A 48 UOC Honours sequence
- SCIF1121 or SCIF1131
- Science elective courses
Other requirements
Students may not include more than 72 UOC of level I courses overall, except where specified in a particular program.
Honours
A Honours in this component must be completed by students. For details please refer to point 4 below in the Academic Rules for this program.
Academic Rules
degree):
- 96 units of credit in compulsory and elective courses. These include 72UOC of compulsory courses, and at least 18UOC of elective Level 3 actuarial studies courses.
- A minimum of 84 UOC of courses offered by the UNSW Business School.
- A minimum of 24 UOC courses must be completed before enrolling in Level 2 courses.
- A minimum of 72 UOC courses must be completed before enrolling in Level 3 courses.
- A Pass degree with Distinction may be awarded if a student achieves a minimum of 75 WAM across the program and completes a minimum of 72 UOC at UNSW.
- Students must complete a minimum of 144 units of credit;
- Students must complete exactly one approved Bachelor of Science (Advanced Mathematics) (Honours) major, and this must be declared before enrolling in level III courses. Details of approved Bachelor of Science (Advanced Mathematics)(Honours) majors and how to declare a major can be found on the 3956 (Advanced Mathematics)(Honours) program page
- SCIF1121 Advanced Science: Professional Perspective and Practice (6 units of credit) or SCIF1131 Science: Technological & Professional Perspectives (6 units of credit) must be completed in first year;
- An Honours Year of 48 units of credit must be completed. For information regarding the admission requirements and application process for honours, please see the information under 'Honours' on the 3956 Bachelor of Science (Advanced Mathematics)(Honours) program page.
- In addition to the courses required for a student's chosen major, SCIF1121/1131, and honours, students must take 'science' courses so that the major plus SCIF1121/1131, plus Honours, plus 'science' courses total 144 units of credit. Details of what courses constitute ‘science’ courses can be found in Table 1 on the 3956 Bachelor of Science (Advanced Mathematics)(Honours) program page;
- Students must complete at least 24UOC of credit of level I 'science' courses;
- Students must complete at least 30UOC of level III 'science’ courses;
- Students may not enrol into level II courses until at least 30UOC of level I courses have been successfully completed;
- Students may not enrol into level III courses until at least 72UOC of courses have been successfully completed;
- Progression to stages 2, 3 and 4 of this program is subject to academic performance. Students will be required to attain a weighted average mark (WAM) of 70 in each semester. If a student does not maintain this minimum level of academic performance, they will be transferred to the 3154 Bachelor of Actuarial Studies/Bachelor of Science program page. program.
- A maximum of 72 UOC of Level 1 courses overall.
- MATH1151 replaces MATH1141 in any stream that requires either of the latter courses. Similarly, MATH1251 replaces MATH1241 in any stream.
Fees
Professional Recognition
Further Information
Contact the UNSW Business School Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
Forms, policies and procedures
Frequently asked questions
Contact the UNSW Science for advice on B Sc (Advanced maths) component.
e-mail: sso@unsw.edu.au
tel: + 61 2 9385 6125 / 9385 7788
location: Robert Webster Building, Room 128
Area(s) of Specialisation