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Actuarial Science, B.Sc.

  • Application Deadline
  • 36 months
    Duration
University rank #151 (ARWU) ,
Actuaries analyse mathematical, statistical, demographic, financial and economic data in order to predict and assess the effects of long-term risks involved in financial decisions and planning. They find strategies for minimising the impact of undesirable events on business and industrial organisations.

About

Actuaries are often tasked with solving business problems. For example, they may analyse future financial events, especially when the amount or timing of a payment is uncertain. Actuaries may also assess when and where devastating storms may hit to help predict risks, and their associated costs, for investments or insurance.

In this course, you will develop the mathematical and statistical techniques relevant to model industrial and commercial processes against a financial and economic background. You will also learn to identify the risk factors and determine the price and cost of those risks.

In your third year you will choose to specialise in actuarial science or actuarial and applied statistics. To be eligible for entry to the actuarial science major, there is a minimum course-weighted average mark that you must have achieved.

Accreditation

This course is accredited by the Actuarial Institute.

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 36 months
    Part-time
  • Credits
    600 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Courses include:

  • Introduction to Accounting
  • Mathematics
  • Theory of Interest
  • Advanced Mathematics
  • Statistical Data Analysis
  • Principles of Insurance and Superannuation
  • Statistical Probability
  • Actuarial Economics
  • Advanced Calculus

English Language Requirements

You need the following IELTS score:

  • Minimum required score:

    6

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

Academic Requirements

  • An Australian Tertiary Admission Rank (ATAR) of 70 or equivalent
  • English Language proficiency
For more information, please visit the program website.

Tuition Fee

  • International Applies to you

    31200 AUD/year
    Tuition Fee
    Based on the original amount of 31200 AUD per year and a duration of 36 months.
  • National Applies to you

    9800 AUD/year
    Tuition Fee
    Based on the original amount of 9800 AUD per year and a duration of 36 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Funding

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