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Overview

The Actuarial Studies program serves as a foundation for students who wish to enter the actuarial profession. Students must achieve the required academic standard in their Actuarial Studies courses to gain exemption from the Foundation Program of the Actuaries Institute professional examinations, the Core Principles courses of the Institute and … For more content click the Read More button below.

Learning Outcomes

1.
Business knowledge: Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.
  • Professionals
  • Global Citizens
  • Scholars
  • Leaders
2.
Problem solving: Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.
  • Leaders
  • Professionals
  • Global Citizens
  • Scholars
3.
Business communication: Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.
  • Global Citizens
  • Scholars
  • Leaders
  • Professionals
4.
Teamwork: Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.
  • Global Citizens
  • Scholars
  • Leaders
5.
Responsible business practice: Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.
  • Professionals
  • Global Citizens
6.
Global and cultural competence: Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.
  • Leaders
  • Global Citizens
7.
Leadership development: Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.
  • Scholars
  • Leaders

Program Structure
144 Units of Credit:

Students must complete 144 UOC as a standalone program.

These UOC are made up of:

  1. Level 1 Actuarial Studies Core Courses (54 UOC)
  2. Level 2 Actuarial Studies Core Courses (18 UOC) (Please note: ACTL2131 may be substituted by MATH2901 and MATH2931, please see below)
  3. Level 3 Actuarial Studies Electives (18 UOC)
  4. Business School Elective (6 UOC)
  5. Free electives (36 UOC)
  6. General Education (12 UOC)

For single and related double degrees please see Progression Plan

Level 2 Core Courses

Students must take 18 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.

Alternative Actuarial Studies Majors

Students may elect to complete either of the following majors as alternatives to the default Actuarial Studies major.

Students completing these alternative Actuarial Studies majors will still need to complete the program requirements such as Level 1 and 2 core course as well as Level 3 electives. Additionally, students cannot declare an additional Business major/minor as well.

These majors will require UOC to be taken from Free elective and/or General Education courses. Please see the Progression Plans and consult the Business School Student Centre if you are interested in completing either of these majors.

Optional Second Major or Minor

Completion of a second major/minor is optional. Students may choose a maximum of one major/minor listed below.

Please note: A major in the School of Mathematics and Statistics comprises at least 60 UOC. Students completing a Major in the School of Mathematics and Statistics may treat MATH 1151 as equivalent to MATH1141, and MATH1251 as equivalent to MATH1241 for the purposes of completing major requirements.

Business Elective

Students must complete 6 UOC of Business electives to meet the minimum Business School course requirement to satisfy the depth component of the degree.

Free Electives

Student must complete 36 UOC of Free electives. These courses can be offered by the Business Faculty or outside of Business but cannot be GEN coded.

General Education

Students must complete 12 UOC of General Education courses.

Please note: Students enrolled in programs within the UNSW Business School cannot take General Education courses offered by the UNSW Business School (i.e. GENC code). These restrictions also apply to the following courses:

GENL2021 An Introduction to the Australian Legal System
GENL2032 Cyberspace Law 2.0

Minimum Faculty UOC

Students must complete a minimum of 96 UOC of UNSW Business School courses.

Maximum Level 1 UOC

No more than 60 UOC in Level 1 courses (not including 12 UOC of General Education courses) will be counted towards the degree.

Level 2 and 3 Maturity Requirements

Students must have completed 24 UOC before taking any Level 2 courses.
Students must have completed 48 UOC before taking any Level 3 courses.

Related Programs

Related Programs

Bachelor of Actuarial Studies (Co op) - BActSt (Co-op)3587 - Actuarial Studies (Co op)

Related Double Degree Programs

Bachelor of Actuarial Studies - BActSt
Bachelor of Science - BSc
3154 - Actuarial Studies / Science
Bachelor of Actuarial Studies - BActSt
Bachelor of Commerce - BCom
3155 - Actuarial Studies / Commerce
Bachelor of Actuarial Studies - BActSt
Bachelor of Economics - BEc
3588 - Actuarial Studies / Economics
Bachelor of Actuarial Studies - BActSt
Bachelor of Science (Advanced Mathematics) (Honours) - BSc(AdvMath)(Hons)
3589 - Actuarial Studies / Advanced Mathematics (Honours)
Bachelor of Actuarial Studies - BActSt
Bachelor of Information Systems - BIS
3671 - Actuarial Studies / Information Systems
Bachelor of Actuarial Studies - BActSt
Bachelor of Science - BSc
3674 - Actuarial Studies / Computer Science
Bachelor of Actuarial Studies - BActSt
Bachelor of Laws - LLB
4737 - Actuarial Studies / Law

Program Requirements

Progression Requirements

Professional Outcomes

Professional Recognition

Career Opportunities

Recognition of Achievement

University Medal

Award of Pass with Distinction

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 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

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:

Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)