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Australian National University (ANU) Course/Program Name
Application closes on
National :30 Sep
International :31 May

BACT Actuarial Studies

Catalog id : 3401
 Course Level
Bachelors / UG
 Type
Full Time

 Duration
3 Years
 Start month
July

 Tuition fee

International
39024 AUD
National
27828 AUD

Application fee

International 75 AUD
National 75 AUD
Department
College of Business and Economics
Scores accepted
IELTS (min)6.5
TOEFL-IBT (min)80
SAT (avg)570

About this course

 

  • Actuarial Studies graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems facing the commercial world.
  • The standard Bachelor of Actuarial Studies at ANU includes core technical subjects which meet Part I of the Actuaries Institute requirements. Part II can be satisfied through an additional Honours Year.
  • To meet Part I of the professional requirements of the Actuaries Institute 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.
  • There are many attractive career opportunities for fully qualified actuaries in Australia. Actuaries may apply their skills in insurance, superannuation, investment, banking and finance, and in government. Typical roles that utilise actuarial skills are: investment analyst, fund administrator or investment manager; liability manager; and actuarial insurance broker. Actuaries also work as consultants, providing advice on financial decisions to both private and commercial clients.

 

Check further details on University website

Eligibility Criteria

  • Domestic applicants
    • ATAR (Australian Tertiary Admission Rank) : 95
    • QLD Band: 4
    • International Baccalaureate: 37
  • International applicants
    • Applicants with international qualifications should refer to the latest International undergraduate admissions table for a guide to program entry scores.
  • For Indian Applicants the following eligibility criteria apply:
    • AISSC: A minimum cumulative score of 18.5 in their best 4 subjects where the score is calculated by the given metric: A1=5; A2=4.5; B1=3.5; B2=3; C1=2; C2=1.5; D1=1; D2=0.5
    • ISC: The minimum average of the externally examined subjets must be 96%
  • Furthermore, Advanced Maths is required for admission into the Bachelor of Actuarial Studies and will be assessed on a case by case basis. The following are indications of compulsory subjects suitable for entry:
    • ACT Specialist Mathematics major/minor (160+)
    • NSW HSC Mathematics Extension 1 (Band E3)
    • HKDSE applicants must include evidence of Core Maths & 'calculus & statistics' extended module.
    • Gao Kao applicants must provide additional documentation supporting advanced maths curriculum.

Check further details on University website

Course Modules

The Bachelor of Actuarial Studies requires completion of 144 units, of which: A maximum of 60 units may come from completion of 1000-level courses

The 144 units must include:

  • 72 units from completion of the following compulsory courses:
    • BUSN1001 Business Reporting and Analysis
    • ECON1101 Microeconomics 1
    • STAT1008 Quantitative Research Methods
    • STAT2001 Introductory Mathematical Statistics
    • STAT2008 Regression Modelling
    • STAT2032 Financial Mathematics
    • STAT3004 Stochastic Modelling
    • STAT3032 Survival Models
    • STAT3035 Risk Theory
    • STAT3036 Credibility Theory
    • STAT3037 Life Contingencies
    • STAT3038 Actuarial Techniques
  • 6 units from completion of a course from the following list:
    • ECON1100 Economics 1 (H)
    • ECON1102 Macroeconomics 1
  • 6 units from completion of a course from the following list:
    • ECON2102 Macroeconomics 2 (P)
    • ECON2016 Economics II (H)
    • ECON2112 Macroeconomics 2 (H)
  • 12 units from the completion of courses on List 1 of the ANU College of Business and Economics.
  • 48 units from completion of elective courses offered by ANU

Check further details on University website

How to Apply

  • Students are expected to apply via the online appication portal where they must adhere to the deadline, provide all supporting documentation, and pay the application fee.
  • Supporting documents include items such as academic transcripts and graduation certificates, proof of English language competence, relevant work experience, curriculum vitae or resume references, and written work that you have completed or to which you have contributed, such as theses (published or unpublished), essays or papers.
  • All documents must be in English, or translated into English. Documents should be colour scans of originals and uploaded as part of this application.
  • When uploading documents, they should be in one of the following formats: bmp, .gif, .pcx, .pdf, .png, .jpg, .jpeg, .tif, .tiff. Documents may be uploaded as prompted during the application, or as a combined file, in the attachment section.

Check further details on University website

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