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Actuarial Studies
Bachelor of Actuarial Studies
Bachelor of Actuarial Studies

Bachelor of Actuarial Studies

  • ID:ANU610036
  • Level:3-Year Bachelor's Degree
  • Duration:
  • Intake:

Fees (AUD)

Estimated Total/program:
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Admission Requirements

Entry Requirement

At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry.

In line with the university's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.

English requirement

Academic IELTS

An overall score of 6.5 with a minimum of 6.0 in each component of the test.

TOEFL** - paper based test

A score of 570 with a TWE* score of 4.5.

TOEFL** - internet based test

An overall score of 80, with a minimum of 20 in Reading and Writing and 18 in Speaking and Listening.

Cambridge CAE Advanced (Post 2015)

An overall score of 176 with a minimum of 169 in all sub-skills.

PTE Academic

An overall score of 64 with a minimum score of 55 in each of the communicative skills.

Duolingo

110 plus recorded interview with InitialView.

115 or better for entry without recorded interview

Other requirements

Course Information

Are you a maths whiz who wants stimulating work, limitless potential and an ever growing salary? This is the esteemed degree that will make you a thought leader in a wide variety of areas. With an ANU Bachelor of Actuarial Studies you can excel in your career literally anywhere in the world.

Risk is all around us - in investment markets, on the roads, from our health and the climate. This degree will teach you how to apply your mathematical talent in understanding, measuring and managing these risks.

Graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems facing the commercial world.

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The Bachelor of Actuarial Studies requires completion of 144 units, of which:

A maximum of 60 units may come from completion of 1000-level courses

The 144 units must include:

72 units from completion of the following compulsory courses:

BUSN1001 Business Reporting and Analysis

ECON1101 Microeconomics 1

STAT1008 Quantitative Research Methods

STAT2013 Introductiory Mathematical Statistics for Actuarial Studies

STAT2005 Introduction to Stochastic Processes

STAT2014 Regression Modelling for Actuarial Studies

STAT2032 Financial Mathematics

STAT3032 Survival Models

STAT3057 Risk Modelling 1

STAT3058 Risk Modelling 2

STAT3037 Life Contingencies

STAT3038 Actuarial Techniques

6 units from completion of a course from the following list:

ECON1100 Economics 1 (H)

ECON1102 Macroeconomics 1

6 units from completion of a course from the following list:

ECON2102 Macroeconomics 2 (P)

ECON2016 Economics II (H)

6 units from completion of a course from the following list:

MATH1013 Mathematics and Application 1

MATH1115 Advanced Mathematics and Application 1

MATH1113 Mathematical Foundations for Actuarial Studies

6 units from the completion of courses on List 1 or List 4 of the ANU College of Business and Economics.

48 units from completion of elective courses offered by ANU

Students may choose to take two MATH courses instead of MATH1113. The options are MATH1013 / MATH1014 or MATH1115 / MATH1116. MATH1013 / MATH1014 is recommended for students with the bare minimum of mathematical background for the Bachelor of Actuarial Studies or for those not confident in their mathematical ability. MATH1115 / MATH1116 is a higher level of MATH1013 / MATH1014 and is recommended for those who are considering further mathematical study (for some later year MATH courses MATH1116 is required). Should two MATH courses be chosen, one of ECON1101, BUSN1001 or STAT1008 would need to move to the “Elective Course” position in the second semester of Year 1 above to make room for a MATH course in the first semester of Year 1.

The minor in Business and Economics Essentials will not be listed on transcripts for students completing the Bachelor of Actuarial Studies.

The below study plan includes all courses equivalent to the Actuaries Institute Foundation Program requirements, subject to continuing accreditation with the Institute.

The courses on List 4 are equivalent to the university-offered courses under the Actuaries Institute Actuary Program, noting the following:

  • The courses can only be enrolled in by students taking a flexible double degree combining a Bachelor of Actuarial Studies and another degree that contains sufficient overlap in courses to free up sufficient elective space.
  • Examples of flexible double degrees where these courses can be fit into the degree are the Bachelor of Commerce, Bachelor of Finance and Bachelor of Statistics (this list is not exhaustive).
  • These courses have strict academic entry requirements. Further information on entry requirements into these courses can be found on the links to the course pages linked from the List 4 webpage.
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Pre Courses

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Pathway Courses

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Career Opportunity

Career Opportunity

utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations

interpret the accounts and financial statements of companies and financial institutions.

describe the fundamental concepts of micro and macroeconomics.

apply mathematical statistics, regression modeling and other statistical techniques to actuarial problems

describe and apply stochastic processes, survival models and their application in actuarial contexts

model and value cashflows dependent on death, survival, illness, retirement, and other contingencies

apply risk modelling techniques across a variety of financial contexts 

Ability to settle

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