Actuarial Studies

The Bachelor of Actuarial Studies at UNSW Sydney offers a comprehensive and rigorous education designed to prepare students for a rewarding career in the field of actuarial science. This program combines strong foundational knowledge in mathematics, statistics, economics, and finance with practical skills in risk assessment, financial modeling, and data analysis. Throughout the course, students will develop critical thinking and problem-solving abilities essential for evaluating and managing complex financial risks faced by insurance companies, pension funds, and other financial institutions. The curriculum is structured to meet the requirements for professional accreditation by leading actuarial organizations, ensuring graduates are well-positioned to pursue exams and certifications such as those offered by the Actuaries Institute and the Society of Actuaries. Students will benefit from state-of-the-art resources, experienced faculty, and industry connections that facilitate internships and real-world projects, providing valuable insights into the dynamic actuarial landscape. The program emphasizes both theoretical understanding and practical application, often involving computer-based modeling and analysis using relevant software tools. With a flexible study plan, students can tailor their elective subjects to align with their career interests, whether in insurance, superannuation, investment, or risk management. Graduates of the Bachelor of Actuarial Studies are equipped with the quantitative skills and professional knowledge necessary to excel in a competitive job market, with opportunities for employment in financial services, consulting, government agencies, and more. The program also lays a strong foundation for those wishing to pursue further postgraduate study or specialized actuarial qualifications. Overall, UNSW's Actuarial Studies degree aims to develop analytical thinkers who can effectively apply mathematical and statistical techniques to solve real-world financial problems, contributing to innovative solutions in a global economic context.

The program is Licensed by the Actuaries Institute in Australia and recognised for exemptions to Get core technical Areas of This Institute and Faculty of Actuaries in Britain.

• A recognised bachelor degree (or equivalent qualification) with a credit average (65% or more ) as determined by the UNSW Postgraduate Coursework Entry Calculator
• And also a major (at least seven classes ) in actuarial studies
• Or a leading (at least seven classes ) in econometrics
• Or a leading (at least seven lessons ) in statistics or mathematics. Applicants are required to possess a mathematical background equivalent to the full year of calculus and linear algebra at first university undergraduate degree in preceding charge level.

The Bachelor of Actuarial Studies at UNSW Sydney offers a comprehensive financial framework designed to support students throughout their academic journey. The program's tuition fees are determined annually and vary depending on enrollment status, domestic or international student classification, and specific course requirements. For domestic students, the fees are subsidized by government funding under the Commonwealth Supported Place scheme, resulting in lower overall costs compared to full fee-paying international students, who are responsible for the complete tuition fee. International students pay a fixed fee set by the university each year, which covers tuition, access to campus facilities, and academic resources. In addition to tuition, students should consider costs associated with textbooks, study materials, and software tools necessary for coursework, such as statistical and actuarial modeling programs. UNSW Sydney offers various payment options, including upfront payment, tuition fee installment plans, and scholarships to assist eligible students with their financial needs. Scholarships are available based on academic merit, financial need, and other criteria, providing partial to full tuition fee coverage. Students from low-income backgrounds or those demonstrating exceptional academic achievement are encouraged to apply for financial aid opportunities, which can significantly reduce the overall cost of the program. The university also provides details about income-based payment plans that allow students to spread tuition payments over the semester or year, easing financial pressures. Moreover, students should budget for living expenses, accommodation, health insurance, and student services during their studies, which significantly impact overall financing. The program emphasizes transparent billing practices, and students receive detailed fee statements prior to enrollment each semester. UNSW Sydney is committed to supporting students financially, offering guidance and assistance in exploring all available funding options to ensure that students can successfully complete their studies without undue financial hardship.

The Bachelor of Science in Actuarial Studies at UNSW Sydney is a comprehensive undergraduate program designed to equip students with the core skills and knowledge necessary for a career in actuarial science. The program offers a rigorous curriculum that combines mathematics, statistics, economics, finance, and business studies to prepare students for professional actuarial roles in insurance, superannuation, financial services, and risk management. Students will undertake advanced courses in probability, financial mathematics, and actuarial modelling, alongside practical training in data analysis and predictive modelling techniques.

Throughout the degree, students are encouraged to gain professional recognition by preparing for leading actuarial examinations conducted by recognized professional bodies such as the Institute of Actuaries of Australia or the Institute and Faculty of Actuaries in the UK. The program emphasizes both theoretical understanding and practical application, with many opportunities for internships, industry projects, and collaborations with industry partners, which enhance employment prospects after graduation.

The curriculum is regularly updated to reflect current industry standards and advancements in actuarial methods and technology. UNSW Sydney also provides various support services, including career advising, actuarial clubs, and networking events, to help students transition from education to employment effectively. Graduates of the program are well-positioned to obtain associate and fellowship status with professional actuarial organizations, ensuring they meet global industry standards. The program duration is typically three years for full-time students, with options for additional specialization or part-time study. The university's strong reputation and connections within the finance and insurance industries make it an excellent choice for students aspiring to become professional actuaries.