Actuarial Studies (Extension)

This Actuarial Studies (Extension) program at UNSW Sydney offers an in-depth and comprehensive exploration into the dynamic field of actuarial science, equipping students with advanced analytical skills and a deep understanding of mathematics, statistics, finance, and economics. Designed for ambitious students who aim to pursue professional actuarial careers or engage in high-level risk management roles, this program extends the foundational undergraduate Actuarial Studies degree by providing additional coursework, practical experiences, and research opportunities. Throughout the program, students will develop proficiency in quantitative modeling, data analysis, and the application of actuarial principles to real-world problems across insurance, superannuation, investment, and consulting sectors.

The curriculum emphasizes critical thinking and problem-solving skills through a blend of theoretical and applied learning. Students will engage with subjects such as financial mathematics, risk theory, statistical inference, machine learning, and quantitative finance, preparing them for the rigorous actuarial examinations administered by professional bodies like the Actuaries Institute. The program also offers opportunities for internships and industry engagement, fostering valuable professional connections and practical insights into the actuarial profession.

Graduates of the Actuarial Studies (Extension) program will be well-positioned to undertake further professional qualification processes, including the actuarial exams, and to pursue careers in consultancy, insurance companies, superannuation funds, financial institutions, and government agencies. With a curriculum aligned with industry standards and a strong emphasis on both theoretical understanding and practical application, the program aims to produce highly skilled actuarial professionals capable of addressing complex financial risks and contributing to the stability and growth of economic systems.

Students will benefit from the university’s extensive resources, expert teaching staff, and links with industry partners, providing a rich educational environment that fosters innovation, ethical practice, and lifelong learning. Whether aiming to pass actuarial certification exams or to advance into leadership roles within the financial services sector, graduates will leave UNSW equipped with the knowledge, skills, and confidence necessary to excel in the evolving domain of actuarial science.

This Application is fully accredited by the Actuaries Institute in Australia for both Part I and Part II subjects and recognised for exemptions by the Institute and Faculty of Actuaries (UK) professional examinations for Its Core Technical subjects.

• A recognised bachelor degree (or equivalent qualification) with a credit average (65 percent or higher) as determined by the UNSW Postgraduate Coursework Entry Calculator
• And also a major (at the very least seven lessons ) in actuarial studies
• Or a leading (at the very least seven lessons ) in econometrics
• Or a leading (at the very least seven courses) in statistics or mathematics. Applicants are expected to possess a mathematical background equivalent to a complete year of calculus and linear algebra at first-year university undergraduate degree in above charge grade.

The financing of the Actuarial Studies (Extension) program at UNSW Sydney is primarily supported through a combination of government funding, student tuition fees, and additional financial assistance options. As an Australian university, UNSW Sydney receives funding contributions from the Australian government, which subsidizes a portion of the operational costs associated with delivering the program. This funding helps to maintain the quality of education, provide resources such as research facilities and academic staff, and subsidize tuition fees for domestic students.

Tuition fees constitute the main source of revenue for the program, and these are set annually in accordance with government regulations and market demand. Domestic students benefit from capped fee levels due to government subsidies, while international students pay higher, market-driven fees, which significantly contribute to the program’s financial sustainability. UNSW offers various payment plans and financial support options, including scholarships, grants, and loan schemes, to assist students in managing the costs of their education.

In addition to government and student contributions, the university may also pursue external funding opportunities through research grants and partnerships with industry stakeholders in the actuarial field. These collaborations can provide additional financial support for curriculum development, student research projects, and extracurricular activities related to actuarial sciences.

The university’s investment in quality faculty, state-of-the-art facilities, and technological resources ensures the program remains competitive and relevant, attracting top-tier students and faculty members. The financial model of the Actuarial Studies (Extension) program emphasizes long-term sustainability, ensuring ongoing access and excellence in education. Overall, the financing strategy combines multiple revenue sources to support high-quality teaching, research, and student development, aligning with UNSW’s mission to provide world-class higher education.

The Bachelor of Actuarial Studies (Extension) at UNSW Sydney is a comprehensive undergraduate program designed to provide students with in-depth knowledge and skills in actuarial science, mathematics, statistics, and economics. The extension component of the degree offers advanced coursework that prepares students for the actuarial profession and equips them with analytical and problem-solving abilities essential for evaluating financial risks, insurance, investment, and pension schemes. The program is tailored for students who wish to deepen their understanding of actuarial models and quantitative methods, enabling them to analyze complex data and make informed decisions in the financial sector. Throughout the course, students engage with a rigorous curriculum that includes core subjects like probability, financial mathematics, risk theory, and quantitative finance, alongside elective options to specialize further in areas such as insurance, investment, and data analysis. UNSW Sydney emphasizes practical experience through industry placements, internships, and collaboration with leading firms, which enhances employability upon graduation. The program additionally aligns with professional actuarial standards, offering students pathways to attain actuarial accreditation through recognized professional bodies such as the Institute of Actuaries of Australia and the Society of Actuaries. Graduates of the Actuarial Studies (Extension) program are equipped to pursue diverse career opportunities in insurance companies, consulting firms, government agencies, financial institutions, and risk management sectors. The collaborative learning environment, combined with access to cutting-edge research and technology, prepares students to become innovative professionals capable of addressing emerging financial challenges. The program typically spans three years of full-time study, incorporating both coursework and project work to develop practical skills. Overall, UNSW's Actuarial Studies (Extension) program offers a rigorous, industry-relevant education designed to nurture future leaders in actuarial science and related disciplines.