Handbook - Actuarial Studies / Commerce

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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.

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.

Level 3 Core Courses6 Units of Credit:

Level 3 Actuarial Electives18 Units of Credit:

Students must complete 18 UOC of the following courses.

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 ACTLE1,COMPZ1 or MATHE1 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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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)

Faculty
Faculty: The primary academic unit in which related disciplines of teaching and research are conducted.

Managing Faculty

Campus

Sydney

Study Level
Study Level refers to the academic level of a program, specialisation or course.

Undergraduate

Typical duration:

4 Year(s)

Intake Period

Term 1, Term 2, Term 3

Academic Calendar

Minimum Units of Credit

192

Award Type(s)

Bachelor

Award(s)
Award(s): Qualification upon completion (all awards offered by UNSW are accredited by UNSW and align with the Australian Qualifications Framework).

Bachelor of Actuarial Studies - BActSt
Bachelor of Commerce - BCom

UAC Code

424350

CRICOS Code

080469M