An AQF Level 7 Bachelor of Actuarial Studies degree or equivalent, completed within the last two years:
1. with a weighted average mark equivalent to an ANU 75 per cent calculated from the following 36 units (i.e. 0.75 EFTSL) equivalent to the ANU courses:
STAT2005 Introduction to Stochastic Processes
STAT3032 Survival Models
STAT3037 Life Contingencies
STAT3038 Actuarial Techniques
STAT3035 Risk Theory
STAT3036 Credibility Theory.
2. and with the written approval of the Honours Convener.
The number of places available in the program may be limited by the Dean due to supervisory capacity.
English requirement
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Academic IELTS |
An overall score of 6.5 with a minimum of 6.0 in each component of the test. |
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TOEFL** - paper based test |
A score of 570 with a TWE* score of 4.5. |
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TOEFL** - internet based test |
An overall score of 80, with a minimum of 20 in Reading and Writing and 18 in Speaking and Listening. |
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Cambridge CAE Advanced (Post 2015) |
An overall score of 176 with a minimum of 169 in all sub-skills. |
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PTE Academic |
An overall score of 64 with a minimum score of 55 in each of the communicative skills. |
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Duolingo |
110 plus recorded interview with InitialView. 115 or better for entry without recorded interview |
Other requirements
Honours in Actuarial Studies is a program offered within the Research School of Finance, Actuarial Studies and Applied Statistics that offers students who have excelled in their undergraduate actuarial degree a challenging but rewarding year of study. We seek outstanding students who are keen to undertake independent research with the guidance from academic staff. Sufficiently high grades in the coursework component of the honours year will enable students to receive exemptions from some of the Associateship and Fellowship requirements of the Actuaries Institute.
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This Honours plan requires the completion of 48 units, which must consist of:
18 units from completion of the following compulsory courses:
ACST4031 Actuarial Control Cycle 1
ACST4032 Actuarial Control Cycle 2
ACST4062 Actuarial Data Analysis
A maximum of 18 units from completion of courses from the following list:
ACST4060 Enterprise Risk Management 1
ACST4061 Enterprise Risk Management 2
ACST4045 Advanced Insurance
FINM4106 Advanced Investments
ACST4049 Advanced Global Retirement Income Systems
A minimum of 12 units from completion of courses from the following list:
ACST4600 Actuarial Research Essay
ACST4500 Actuarial Honours Thesis
In order to complete the degree, students will also be required to complete the research training activities specified by the convenor of the program.
demonstrate a sound knowledge and critical understanding of research design and methods in development of a research proposal and research plan
perform independent research
exhibit in-depth knowledge of their chosen research topic
discuss and apply an actuarial control cycle in a variety of practical commercial situations.
