- Length 4 year full-time
- Minimum 192 Units
- Academic plan ASSAE
- CRICOS code 050951E
- UAC code
Field of Education
- Insurance and Actuarial Studie
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.
ANU provides you with more choice for your entrance score by offering the new Flexible Double Degree program.
The ANU Flexible Double Degree lets you build skills for your chosen career without forfeiting your passion. It's your choice to build a double degree partnership that suits your head and your heart.http://students.anu.edu.au/applications/
Career opportunities for Actuaries graduates include Actuary-Investment Analyst, Actuary-Fund Administrator/Investment Manager, Liability Consultant/Liabilities Manager and Actuarial Insurance Broker.
- To develop a grounding in financial mathematics and applications, including the time value of money, annuities, bond and loan calculations
- To develop the ability to interpret the accounts and financial statements of companies and financial institutions.
- To develop a grounding in mathematical statistics and regression modeling
- To develop a grounding in stochastic processes, survival models and their application in actuarial contexts
- To develop a grounding in the mathematical techniques used to model and value cashflows dependent on death, survival, illness, retirement, and other contingencies.
- To develop a grounding in the advanced mathematics which has particular relevance to financial work, including risk theory, bayesian statistics, generalized linear modeling, and time series techniques.
- To develop a grounding in the fundamental concepts of micro and macroeconomics.
Students have 48 units of electives in a single degree program. Electives can be selected from CBE or other Colleges. No more than 10 courses at 1000 level.
Students wish to undertake an out of college elective may contact the relevant College directly.
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.
Admission to all programs is on a competitive basis. Admission to undergraduate degrees is based on meeting the ATAR requirement or an equivalent rank derived from the following qualifications:
• An Australian year 12 qualification or international equivalent; OR
• A completed Associate Diploma, Associate Degree, AQF Diploma, Diploma, AQF Advanced Diploma, Graduate Certificate or international equivalent; OR
• At least one standard full-time year (1.0 FTE) in a single program of degree level study at an Australian higher education institution or international equivalent; OR
• An approved tertiary preparation course unless subsequent study is undertaken.
Click HERE for further information about domestic admission.
The table below is a guide to the entry level required for domestic applicants. Exact entry level will be set at time of offer.
Domestic applicant entry requirements
From 2010, the UAI/ENTER/TER will be referred to as ATAR (Australian Tertiary Admission Rank) for admission. See http://www.uac.edu.au/undergraduate/atar/ for further information.
Queensland Band equivalents are a guide only - selection is made on a UAI equivalent that is not available to students.
International applicant entry requirements
International applicants may view further information on admissions requirements at Entry Requirements for International Undergraduate Applicants
The University reserves the right to alter or discontinue its programs as required.
- QLD Band:
- International Baccalaureate:
ACT: Specialist Mathematics (major/minor) (160+) Recommended Studies: Specialist Mathematics (double major)
NSW: HSC Mathematics Extension 1 (Band E3)
The National Access Scheme 2014
ANU offers bonus points for nationally strategic senior secondary subjects, and in recognition of difficult circumstances that students face in their studies.
Bonus points are applied to all applicants with an ATAR at or above 70. Points are awarded in accordance with the approved schedule, and no more than 10 points (maximum 5 academic points and maximum 5 equity points) will be awarded.
Bonus points do not apply to programs with an ATAR cutoff of 98 or higher.
Bonus Points are only awarded to domestic applicants applying for admission through UAC who have not previously attempted tertiary study.
How to apply
Academic Bonus Points: senior secondary students do not need to apply for ANU academic bonus points. They are automatically added in accordance with the schedule.
Educational Access Scheme: senior secondary students do not need to apply if their school is part of the Priority School Funding Program or Country Areas Program. All other applicants should refer to www.uac.edu.au/undergraduate/eas for more information.
Commonwealth Supported Place (CSP)
For more information see: http://www.anu.edu.au/students/program-administration/costs-fees
- Annual indicative fee for international students
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.
This program requires the completion of 192 units, of which:
A minimum of 96 units must come from completion of courses at The Australian National University
A minimum of 96 units must come from completion of courses at The National University of Singapore
The 192 units must consist of:
84 units from completion of the following compulsory courses:
FINM3003 Continuous Time Finance
STAT2001 Introduction to Mathematical Statistics
STAT2032 Financial Mathematics
STAT3004 Stochastic Modelling
STAT3032 Survival Models
STAT3035 Risk Theory
STAT3036 Credibility Theory
STAT3037 Life Contingencies
STAT3038 Actuarial Techniques
ACST4031 Actuarial Control Cycle A1
ACST4032 Actuarial Control Cycle A2
ACST4033 Actuarial Control Cycle B
12 units from completion of elective courses on List 1 of the ANU College of Business and Economics
The equivalent of 96 units from the National University of Singapore, which consists of:
EC1101E Introduction to Economic Analysis
EC2303 Foundations for Econometrics
ACC1002X Financial Accounting
MA1101R Linear Algebra I
EC2101 Microeconomic Analysis I
EC2102 Macroeconomic Analysis I
EC3303 Econometrics I
EC3101 Microeconomic Analysis II
EC3102 Macroeconomic Analysis II
EC3304 Econometrics II
EC4101 Microeconomic Analysis III
EC4102 Macroeconomic Analysis III
EC4401 Honours Thesis
One further 4000-level module in Economics
One module in Singapore Studies
One module in General Education or one Exposure module from the Faculty of Arts and Social Sciences
|Year 1 48 units||NUS EC1101E Introduction to Economic Analysis||NUS EC2303 Foundations for Econometrics||NUS ACC1002X Financial Accounting||NUS MA1102R Calculus<b/>FASS exposure module/General Education/Singapore Studies Module|
|NUS EC2101 Microeconomic Analysis I||NUS EC2102 Macroeconomic Analysis I||NUS EC3303 Econometrics I||NUS FIN2004 Finance MA1101R Linear Algebra I|
|Year 2 48 units||NUS EC3101 Microeconomic Analysis II||NUS EC3102 Macroeconomic Analysis II||NUS EC3304 Econometrics II||NUS FIN3101 Corporate Finance FASS exposure module/General Education/Singapore Studies Module|
|STAT2001 Introductory Mathematical Statistics 6 units||STAT2032 Financial Mathematics 6 units||FINM2002 Derivatives 6 units||Elective Course 6 units|
|Year 3 48 units||STAT3037 Life Contingencies 6 units||STAT3004 Stochastic Modelling 6 units||FINM2003 Investments 6 units||STAT3038 Actuarial Techniques 6 units|
|STAT3032 Survival Models 6 units||FINM3003 Continuous Time Finance 6 units||STAT3035 Risk Theory 6 units||ACST4031 Actuarial Control Cycle A1 6 units|
|Year 4 48 units||STAT3036 Credibility Theory 6 units||ACST4032 Actuarial Control Cycle A2 6 units||ACST4033 Actuarial Control Cycle B 6 units||Elective Course 6 units|
|NUS EC4101 Microeconomic Analysis III||NUS EC4102 Macroeconomic Analysis III||NUS EC4401 Honours Thesis (15 MCs)||One Economics level-4000 elective|
Please contact Ms Flora Mehr in the ANU College of Business and Economics) on 02 6125 3393 or at Flora.Mehr@anu.edu.au regarding your enrolment in this program for second semester 2014. Please note that this program can only be commenced in the second semester in Singapore.
Do you want to talk to someone before enrolling?