Offered By	ANU College of Business and Economics
Duration	3 years full-time
Minimum	144 units
Academic Contact	ANU College of Business and Economics
Academic Plan	3401XBACTS
CRICOS Code	028147F
UAC Code	134403(Bachelor of Actuarial Studies)
Areas of Interest	Actuarial Studies and Statistics

The Bachelor of Actuarial Studies is offered through the Research School of Finance, Actuarial Studies and Applied Statistics. Actuaries combine skills from mathematics, statistics, economics, and finance to assess, evaluate and manage future financial risk, thereby addressing a wide range of practical problems in long-term financial planning and management. Actuarial skills are utilised in many areas, including insurance, superannuation, investment, banking, and government.

Learning Outcomes 

• To develop a grounding in financial mathematics and applications, including the time value of money, annuities, bond and loan calculations
• To develop the ability to interpret the accounts and financial statements of companies and financial institutions.
• To develop a grounding in mathematical statistics and regression modeling
• To develop a grounding in stochastic processes, survival models and their application in actuarial contexts
• To develop a grounding in the mathematical techniques used to model and value cashflows dependent on death, survival, illness, retirement, and other contingencies.
• To develop a grounding in the advanced mathematics which has particular relevance to financial work, including risk theory, bayesian statistics, generalized linear modeling, and time series techniques.
• To develop a grounding in the fundamental concepts of micro and macroeconomics.  

Professional Accreditation

To meet Part I of the professional requirements of the Institute of Actuaries of Australia you must complete eight Core Technical (CT) subjects that correspond with 15 ANU courses which are accredited by the Institute. An average grade of 60 per cent must be achieved across the ANU courses corresponding with each CT subject in order to be recommended for the Part I exemptions. Further information on the ANU Part I exemption policy can be found here. Part II requirements of the Institute can be met by an additional fourth year of study in the College, usually in the form of an honours year. Interested students should contact the ANU College of Business and Economics. For further information about the Institute of Actuaries of Australia visit: www.actuaries.asn.au.

 

A full list of majors and minors offered by the ANU College of Business and Economics is available here.

Admission Requirements

Admission to all programs is on a competitive basis, taking into account all relevant academic qualifications. If you hold more than one qualification, admission will be based on your overall record. Tertiary qualifications are generally weighted more heavily than secondary. If you have completed an approved tertiary preparation course or alternative entry scheme, you will be assessed on the results of that scheme alone, unless you have undertaken subsequent study.

Click HERE for further information about domestic admission pathways.

The table below is a guide to the entry level required for domestic applicants. Exact entry level will be set at time of offer.

Entry Requirement	Entry Level
ATAR	95
QLD Band	4
International Baccalaureate	36

From 2010, the UAI/ENTER/TER will be referred to as ATAR (Australian Tertiary Admission Rank) for admission in 2010. See http://www.uac.edu.au/undergraduate/atar/ for further information.

Queensland Band equivalents are a guide only - selection is made on a UAI equivalent that is not available to students.

The entry requirements above are for domestic applicants only.

International applicants may view further information on admissions requirements at Entry Requirements for International Undergraduate Applicants

The University reserves the right to alter or discontinue its programs as required.

Prerequisites

ACT: Advanced Mathematics Extended major/minor at least 160 (recommended – Advanced Mathematics Extended double major)
NSW: HSC Mathematics Extension 1 with a minimum performance band of E3
QLD: Mathematics B and Mathematics C, with a grade of 'H' in each
SA/NT: Mathematics 1 (Double) and Mathematics 2 with a score of at least 15/20 in both subjects
TAS: Mathematics Stage 2 and Mathematics Stage 3 with a score of at least 15/20 in both subjects
VIC: Mathematical Methods 3&4 and Specialist Mathematics 3/4 with at least 36/50 in each subject
WA: Applicable Mathematics and Calculus with a score of at least 72/100
IB: Mathematics (HL) with at least 6

The information published on the Study at ANU 2012 website applies to the 2012 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2011 website.