Program Requirements
This program requires the completion of 192 units, which must consist of:
96 units from completion of the following compulsory courses offered by the The Australian National University:
FINM2002 Derivatives
FINM2003 Investments
FINM3003 Continuous Time Finance
STAT2013 Introductory Mathematical Statistics for Actuaries
STAT2014 Regression Modelling for Actuaries
STAT2032 Financial Mathematics
STAT2005 Introduction to Stochastic Processes
STAT3032 Survival Models
STAT3037 Life Contingencies
STAT3038 Actuarial Techniques
STAT3057 Risk Modelling 1
STAT3058 Risk Modelling 2
ACST4031 Actuarial Control Cycle 1
ACST4032 Actuarial Control Cycle 2
ACST4062 Actuarial Data Analysis
EMET3004 Econometrics II: Econometric Modelling
The equivalent of 96 units from completion of the following compulsory courses at National University of Singapore:
ACC1701X Financial Accounting
EC1101E Introduction to Economic Analysis
EC2101 Microeconomic Aalysis I
EC2102 Macroeconomic Analysis I
EC2303 Foundations for Econometrics
EC3101 Microeconomic Analysis II
EC3102 Macroeconomic Analysis II
EC4401 Honours Thesis
FAS1101 Writing Academically: Arts and Social Sciences
FIN2704X Finance
FIN3101 Corporate Finance
GE Computational Thinking
GE Artificial Intelligence
GE Design Thinking
IM Asian Studies
IM Humanities
IM Social Sciences
IM Scientific Inquiry I
IM Scientific Inquiry II
MA1101R Linear Algebra I
MA1102R Calculus
One Economics level-4000 elective
Students must maintain a Cumulative Average Point (CAP) of at least 3.50 in order to remain enrolled in the Bachelor of Social Sciences (Honours in Actuarial Studies and Economics). Students who do not maintain a CAP of at least 3.50 will be transferred to the Bachelor of Actuarial Studies.
Further information on the calculation of the CAP can be found at http://www.nus.edu.sg/registrar/education-at-nus/modular-system.html. For the purpose of calculating the CAP at any point during the degree, the average mark in ANU courses is converted to a Grade Point in the NUS system by the following formula:
Grade Point (subject to a maximum of 5) = (Average ANU course mark + 10) / 20
The CAP at any time is calculated as the average of the ANU CAP and the NUS CAP, weighted by the number of semesters completed at each institution.
For the purpose of calculating the CAP at the completion of the degree, the same approach as above is used, with ACST4031 - Actuarial Control Cycle 1 , ACST4032 - Actuarial Control Cycle 2 , ACST4062 - Actuarial Data Analysis and the highest mark in a STAT 3000-level course counting double towards the ANU CAP.
Elective Study
Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective major, minor or specialisation.
Study Options
Year 1 48 units | NUS EC1101E Introduction to Economic Analysis | NUS EC2303 Foundations for Econometrics | NUS ACC1701X Financial Accounting | NUS MA1101R Linear Algebra I/ FAS1101 Writing Academically: Arts & Social Sciences/ GE: Quantitative Reasoning |
NUS EC2101 Microeconomic Analysis I | NUS EC2102 Macroeconomic Analysis I | NUS FIN2704X Finance | NUS FAS1102 Public Writing and Communication/ GE: Asking Questions/ GE: Singapore Studies | |
Year 2 48 units | NUS EC3101 Microeconomic Analysis II | NUS EC3102 Macroeconomic Analysis II | NUS FINM3101 Corporate Finance | NUS MA1102R Calculus/ GE: Computational Thinking/ GE: Human Cultures |
STAT2013 Introductory Mathematical Statistics for Actuarial Studies 6 units | STAT2014 Regression Modelling for Actuarial Studies 6 units | STAT2032 Financial Mathematics 6 units | FINM2002 Derivatives 6 units | |
Year 3 48 units | STAT2005 Introduction to Stochastic Processes 6 units | STAT3037 Life Contingencies 6 units | STAT3038 Actuarial Techniques 6 units | FINM2003 Investments 6 units |
ACST4031 Actuarial Control Cycle 1 6 units | STAT3057 Risk Modelling 1 6 units | STAT3032 Survival Models 6 units | FINM3003 Continuous Time Finance 6 units | |
Year 4 48 units | ACST4032 Actuarial Control Cycle 2 6 units | Actuarial Data Analysis | STAT3058 Risk Modelling 2 6 units | EMET3004 Econometrics II: Econometric Modelling 6 units |
NUS EC4401 Honours Thesis | NUS EC4401 Honours Thesis | NUS Economics level-4000 elective | NUS Economics level-4000 elective |
Admission Requirements
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 guarantee entry into the program.
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.
The University reserves the right to alter or discontinue its programs and change admission requirements as needed.
Domestic applicants
Before applying for a program, you should review the general information about domestic undergraduate admission to ANU programs and how to apply, and the program-specific information below.
- Applicants with recent secondary education are assessed on:
- completion of Australian Year 12 or equivalent, and the minimum Selection Rank (from their academic qualifications, plus any adjustment factors) requirement for this program; and
- co-curricular or service requirement (applies to applicants who complete secondary education in the year prior to commencing at ANU); and
- English language proficiency; and
- any program-specific requirements listed below.
- Applicants with higher education study are assessed on:
- previous higher education studies; or secondary education results if completed less than one full-time equivalent year (1.0 FTE) of a degree; or the result from a bridging or preparatory course; and
- English language proficiency; and
- any program-specific requirements listed below.
- Applicants with vocational education and training (VET) study are assessed on:
- previously completed VET qualifications at AQF level 5 or higher (i.e. a Diploma or above); or secondary education results if the VET qualification is not completed; and
- English language proficiency; and
- any program-specific requirements listed below.
- Applicants with work and life experience are assessed on:
- ATAR or equivalent if secondary education was completed; or the Special Adult Entry Scheme (SAES); or work experience; and
- English language proficiency; and
- any program-specific requirements listed below.
International applicants
Applicants who complete a recognised secondary/senior secondary/post-secondary/tertiary sequence of study will be assessed on the basis of an equivalent selection rank that is calculated upon application. A list of commonly observed international qualifications and corresponding admission requirements can be found here. Applicants must also meet any program specific requirements that are listed below.
Diversity factors & English language proficiency
As Australia's national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe. If required, competitive ranking may further be confirmed on the basis of demonstrating higher-level English language proficiency.
Further information is available for English Language Requirements for Admission
- ATAR:
- 97
- International Baccalaureate:
- 39
Prerequisites
Adjustment Factors
Adjustment factors are additional points added to an applicant's Selection Rank (for example an applicant's ATAR). ANU offers adjustment factors based on performance and equity principles, such as for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies.
Selection Rank adjustments are granted in accordance with the approved schedules, and no more than 15 (maximum 5 subject/performance-based adjustment factors and maximum 10 equity-based adjustment factors) can be awarded.
You may be considered for adjustment factors if you have:
- applied for an eligible ANU Bachelor degree program
- undertaken Australian Year 12 or the International Baccalaureate
- achieved an ATAR or equivalent at or above 70
- not previously attempted tertiary study.
Please visit the ANU Adjustment Factors website for further information.
Indicative fees
Commonwealth Supported Place (CSP)
For more information see: http://www.anu.edu.au/students/program-administration/costs-fees
- Annual indicative fee for international students
- $45,360.00
For further information on International Tuition Fees see: https://www.anu.edu.au/students/program-administration/fees-payments/international-tuition-fees
Fee Information
All students are required to pay the Services and amenities fee (SA Fee)
The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.
For further information on Fees and Payment please see: https://www.anu.edu.au/students/program-administration/fees-payments
Scholarships
ANU offers a wide range of scholarships to students to assist with the cost of their studies.
Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are. Specific scholarship application process information is included in the relevant scholarship listing.
For further information see the Scholarships website.
Are you wondering how you can apply your mathematical skills in an area that extends you and makes a difference to society? Do you want a degree from two globally respected institutions? Then this is the degree for you!
This program commences in July/August each year at National University of Singapore.
You will spend half of this four-year degree at the National University of Singapore and half of this degree at Australian National University receiving a world-class education at both institutions.
Graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems. This will prepare them to be thought leaders in financial fields such as insurance, superannuation, investments and other areas of great importance to our futures.
Career Options
ANU ranks among the world's very finest universities. Our nearly 100,000 alumni include political, business, government, and academic leaders around the world.
We have graduated remarkable people from every part of our continent, our region and all walks of life.
Employment Opportunities
Career opportunities for Actuaries graduates include Actuary-Investment Analyst, Actuary-Fund Administrator/Investment Manager, Liability Consultant/Liabilities Manager and Actuarial Insurance Broker.
Learning Outcomes
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
Analyse and interpret specific business situations so that the correct actuarial and other techniques can be applied
Utilise critical thinking to solve specific actuarial problems and communicate their results to a relevant audience
Inherent Requirements
Information on inherent requirements is currently not available for this program.
Further Information
Accreditation
The Bachelor of Social Sciences (Honours in Actuarial Studies and Economics) enables students to undertake a sequence of accredited courses that satisfy certain educational requirements of the Actuaries Institute. For more information on accreditation visit the ANU Actuaries Institute exemption policy page.
ANU Application deadlines
The Bachelor of Social Sciences (Honours in Actuarial Studies and Economics) will be commencing in Semester 2 (July) only each year.
ANU Application deadline (domestic students): 27th November 2020 (11:55pm Australian Eastern Daylight Time).
ANU Acceptance deadline (domestic students): 31st January 2021
ANU Application deadline (international students): 16th November 2020 (11:55pm Australian Eastern Daylight Time).
ANU Acceptance deadline (international students): 20th January 2021
NUS Application deadline: 28th February 2021
All ANU applicants must also enrol at NUS as exchange students and register with the NUS accommodation services. Upon acceptance at the ANU, they should submit an application to NUS (via here).
Student Responsibility:
It is the student's responsibility to select electives in such a way that:
- they satisfy prerequisites for the corresponding course/s.
- they conform to the rules set out in Programs and Courses or if unsure seek advice from the CBE office.
It is the student's responsibility to select the courses appropriate for his/her program.
Enrolment Status
This program commences in the second semester (July) in Singapore (NUS). Students will study the first 3 semesters at NUS,
followed by 4 semesters at ANU and then the final semester at NUS. Students are to be enrolled at both ANU and NUS.
You should fill the enrolment form (http://www.anu.edu.au/files/resource/Enrolment-Change-Editable.pdf)
to enrol for the ANU: CBEA5921 Exchange ANU CBE (24 units) for each of first three semesters.
Important things to keep in mind when choosing your 1000-level courses
We
will contact you in February, regarding enrolments in ANU and NUS as well as application for accommodation at
NUS.
Academic Advice
Please contact CBE Student Services in the ANU College of
Business and Economics (info.cbe@anu.edu.au)
regarding your enrolment in this program.
Do you want to talk to someone before enrolling?
Contact info.cbe@anu.edu.au