Handbook - Actuarial Studies / Commerce

Overview

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 … For more content click the Read More button below.

Stand Alone Programs

Click on the link below to find out more about each individual program.

Double Degree Structure

Students must complete 192 UOC.

These UOC are made up of:

Actuarial Studies
1. Level 1 Actuarial Studies Core Courses* (48 UOC) (Commerce compulsory courses are completed within this requirement)
2. Level 2 Actuarial Core Courses (24 UOC) (ACTL2131 may be substituted by MATH2901 and MATH2931, please see below)
3. Level 3 Actuarial Studies Core Course (6 UOC)
4. Level 3 Actuarial Studies Electives (18 UOC)

Commerce
1. Integrated First Year Courses (12 UOC) (Students only take COMM1120 and COMM1900. Other Integrated First Year Courses are shared with or exempted by Level 1 Actuarial Studies Core Courses*)
2. myBCom (0 UOC)
3. Commerce major (48 UOC)
4. Work Integrated Learning Course (6 UOC)
5. Final Year Synthesis

Electives

Note that, for some majors, additional study of courses above the minimum stipulated for the dual degree program may be required.

Disciplinary Component - 3586 Actuarial Studies96 Units of Credit:

Students must complete 96 UOC of the following to satisfy the core requirements of this degree

Level 1 Core Courses48 Units of Credit:

Students must take 48 UOC of the following courses.

ACTL1101

6 UOC

Introduction to Actuarial Studies

Organisational Resources

Mathematics for Actuarial Studies and Finance 1A

MATH1251

6 UOC

Mathematics for Actuarial Studies and Finance 1B

Level 2 Core Courses24 Units of Credit:

Students must take 24 UOC of the following courses.

Students may replace ACTL2131 with the two courses MATH2901 Higher Theory of Statistics and MATH2931 Higher Linear Models. If students make this replacement, MATH2901 will count towards ACTL2131, and MATH2931 will be counted towards a major where this course is required or as a Business elective.

ACTL2102

6 UOC

Foundations of Actuarial Models

ACTL2111

6 UOC

Financial Mathematics for Actuaries

ACTL2131

6 UOC

Probability and Mathematical Statistics

COMM2501

6 UOC

Data Visualisation and Communication

Level 3 Core Courses6 Units of Credit:

Level 3 Actuarial Electives18 Units of Credit:

Students must complete 18 UOC of the following courses.

ACTL3141

6 UOC

Modelling and Prediction of Life and Health Related Risks

ACTL3143

6 UOC

Artificial Intelligence and Deep Learning Models for Actuarial Applications

ACTL3151

6 UOC

Actuarial Mathematics for Insurance and Superannuation

ACTL3162

6 UOC

General Insurance Techniques

ACTL3182

6 UOC

Asset-Liability and Derivative Models

ACTL3191

6 UOC

Superannuation and Retirement Benefits

ACTL3192

6 UOC

Retirement Saving and Spending Over the Lifecycle

ACTL3301

6 UOC

Quantitative Risk Management

Optional Specialisations

Students may choose to complete an optional Actuarial Studies major or Business major / minor using the elective space in their program.

Actuarial Studies Majors

Students may elect to complete one of the following majors in addition to their Actuarial Studies program requirements.

Students completing these majors will still need to complete the program requirements such as Level 1 and 2 core course as well as Level 3 electives.

These majors will require UOC to be taken from the Business Electives, Free elective and/or General Education courses depending on a students program rules and courses completed. It may also require completion of additional UOC above the minimum required for a student's program. Please see the Progression Plans and consult the Business School Student Centre if you are interested in completing either of these majors.

ACTLE1

48 UOC

Actuarial Risk Management and Analytics

COMPZ1

66 UOC

Computational Data Science

MATHE1

66 UOC

Quantitative Data Science

Other Majors / Minors

Students may elect to complete a maximum of one major/minor listed below in addition to their Actuarial Studies program requirements.

Notes for Single-Degree students: Completion of one of the following non-Actuarial Studies Majors within the single Actuarial Studies degree may result in more UOC required for degree completion.

Notes for Double-Degree students: Completion of an additional major/minor within the combined Actuarial Studies degree may result in more UOC required for degree completion.

Business Sustainability and Social Impact

Behavioural Economics

International Business

Cybersecurity Management

Human Resource Management

MGMTJ1

48 UOC

Innovation, Strategy and Entrepreneurship

TABLC1

48 UOC

Taxation

Completion of an Actuarial Studies and Business Optional Specialisation

Disciplinary Component - 3502 Commerce96 Units of Credit:

Students must complete 96 UOC of the following to satisfy the core requirements of this degree

Exemptions from Integrated First Year Courses

Integrated First Year Courses48 Units of Credit:

Students must take 48 UOC of the following courses.

COMM1100

6 UOC

Business Decision Making

COMM1110

6 UOC

Evidence-Based Problem Solving

COMM1120

6 UOC

Collaboration and Innovation in Business

Global Business Environments

COMM1170

6 UOC

Organisational Resources

Data, Insights and Decisions

myBCom

Students need to complete three non-credit bearing myBCom professional development elements. COMM0999 is recommended to be enrolled in the first term of study, COMM1999 upon completion of the integrated first year courses and COMM3999 in the final term of study. Students will engage in course Moodle activities as well as the myBCom platform (https://mybcom.unsw.edu.au/) to complete these elements.

myBCom First Year Portfolio

COMM3999

0 UOC

myBCom Graduation Portfolio

Commerce Majors

Students must complete a 48 UOC within a specified discipline (Commerce major) with at least 18 UOC of Level 3 courses to meet program requirements. Please note, this 48 UOC includes 1 course from the Integrated First Year (IFY) core. This means that students will complete 42 UOC in specified disciplinary courses outside the IFY core.

Business Sustainability and Social Impact

Behavioural Economics

International Business

Cybersecurity Management

Human Resource Management

MGMTJ1

48 UOC

Innovation, Strategy and Entrepreneurship

TABLC1

48 UOC

Taxation

Prescribed Work Integrated Learning (WIL) Course6 Units of Credit:

Students must complete a 6 UOC Work Integrated Learning (WIL) course of the below courses within their program to meet the minimum requirement of 150 hours of professional work. Where students complete mandatory WIL in the non-Commerce component of the Double Degree, the 150 hours minimum requirement does not apply to the Commerce component of the program.

Business WIL Course

This course can count as a Business free elective or where applicable, can count as a Commerce major elective.

If a student is completing two commerce majors, the completed WIL course can only be counted towards one of the two majors. No double counting is permitted.

COMM2222

6 UOC

Industry Experience Program

COMM2233

6 UOC

Industry Consulting Project

COMM2244

6 UOC

Future of Work Project

COMM3020

6 UOC

Global Business Practicum

COMM3030

6 UOC

Social Entrepreneurship Practicum

COMM3060

6 UOC

Regional Business Practicum

COMM3101

6 UOC

Industry Experience Placement 1

COMM3202

6 UOC

Industry Experience Placement 2

TABL3033

6 UOC

UNSW Tax and Business Advisory Clinic

Non-Business WIL Course

This course can count as a Free Elective or General Education course.

Note: Students in Commerce Double Degrees have the option of meeting the mandatory WIL requirement in the non-Commerce component of the Double Degree. However these courses will not contribute towards the 96 UOC minimum Business UOC requirement.

WIL Experience Term (Multi-Term)

CDEV3100

6 UOC

Practice of Work (Online)

CDEV3200

6 UOC

Co-NNECTIONS Placement

CDEV3300

6 UOC

Global Practice of Work

Final Year Synthesis (FYS)

Students must complete their Final Year Synthesis (FYS) course within their final year of their Bachelor of Commerce program. That is, within 48 UOC or less remaining in their BCom program.

Students may meet more than one program requirement depending on their FYS course choice. For example; students who complete a FYS course that is also a Work Integrated Learning course within a major, will meet a major elective, WIL and FYS requirement.

Students who participate and complete significant extra-curricular projects (eg. Peter Farrell Cup), can apply for 0 UOC FYS (COMM3090).

Business FYS Course

ACCT3583

6 UOC

Strategic Value Management

ACTL3192

6 UOC

Retirement Saving and Spending Over the Lifecycle

COMM2233

6 UOC

Industry Consulting Project

COMM2244

6 UOC

Future of Work Project

COMM3000

6 UOC

Evidence-based Intervention Design and Evaluation

COMM3020

6 UOC

Global Business Practicum

COMM3030

6 UOC

Social Entrepreneurship Practicum

COMM3060

6 UOC

Regional Business Practicum

COMM3090

0 UOC

Synthesis of Learning Experience

COMM3501

6 UOC

Quantitative Business Analytics

Solving Complex Strategy and Policy Problems

TABL3033

6 UOC

UNSW Tax and Business Advisory Clinic

Non-Business FYS Course

Optional Minor

Students may choose to use their electives to complete one of the following minors.

Minor Requirements: An approved disciplinary stream containing at least 18 UOC at Level 2 and Level 3.

Business Sustainability and Social Impact

Behavioural Economics

International Business

Cybersecurity Management

Human Resource Management

MGMTJ2

30 UOC

Innovation, Strategy and Entrepreneurship

Minimum Faculty UOC

3155 - Major Requirements

Electives

Due to course sharing across the Commerce and Actuarial Studies components, students will meet the disciplinary component requirements of the two awards in less than 192 UOC. Any UOC remaining after completion of the Commerce and Actuarial Studies Requirements can be taken as free electives.

Note that, for some majors, additional study of courses above the minimum stipulated for the dual degree program may be required.

Program Constraints

Limit Rule

Maturity Rule

Enrolment Disclaimer

Please read the Double Degree Program rules as some specific rules apply to particular Double Degree combinations.

You are responsible for ensuring you enrol in courses according to your program requirements and advice from your Program Authority. myUNSW enrolment checks that you have met enrolment requirements such as pre-requisites for individual courses but not that you are enrolling in courses that will count towards your program.

Additional Information

Please note that these requirements may be subject to change. Students should always follow the program requirements according to the year they started their degree. For more information please visit previous UNSW online handbooks

Contact The Nucleus: Student Hub for advice.
Tel: + 61 2 9385 8500
Location: The Nucleus: Student Hub, Level 2, in the Main Library (UNSW map location F21)

Click here to view the Progression Plan for your program

Program Fees

At UNSW fees are generally charged at course level and therefore dependent upon individual enrolment and other factors such as student's residency status. For generic information on fees and additional expenses of UNSW programs, click on one of the following:

Domestic Students

Commonwealth Supported Students (if applicable)

International Students

Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

Pre-2019 Handbook Editions