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 financial fields. With an ANU Bachelor of Actuarial Studies you will excel 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 the risks.

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

A single three year undergraduate degree offered by the ANU College of Asia and the Pacific

Australia is increasingly looking to Asia - strategically, economically, politically, and culturally - and all eyes are on the graduates of tomorrow to take us there. Watch our video to find out how this degree will prepare you for a successful career in the Asian Century.

With a Bachelor of Asian Studies you will master an Asian language, acquire in-depth contextual knowledge, and graduate with the kind of Asian literacy that gets you noticed by employers.

And if you love adventure, we offer you a variety of study opportunities in the region so you can experience Asia first hand. Plus we’ll provide you with funding to help get you there.

Employment Opportunities

There are many attractive career opportunities for fully qualified actuaries in Australia. Some of the job titles associated with actuarial studies are listed below:

Investment analyst
A financial expert trained to analyse the activities and future prospects and earnings of companies and securities for the purpose of investment.

Fund administrator/investment manager
A person employed by an organisation that specialises in the investment of a portfolio of securities on behalf of individuals and/or organisations subject to the guidelines and directions of the investor.

Liability manager
A professional person engaged by holders of liabilities, such as banks or industry superannuation funds, to advise on appropriate payment strategies and organisational structures to meet a stream of obligations.

Actuarial insurance broker
An independent agent who values life, fire, accident and other forms of insurance for a range of insurance companies.

Consultant
Offer their professional services for a fee, provide a wide range of services, including; advice on financial decisions, independent valuations, design of insurance funds, and future financial planning strategies.

Senior manager
In addition to the roles described above, many actuaries successfully move into high-level administrative and management positions. Their broad training reflects the strong interdisciplinary nature of the actuarial profession, which mixes the need for strong theoretical skills with the need for sound practical intuition.

There are many attractive career opportunities for fully qualified actuaries in Australia. Some of the job titles associated with actuarial studies are listed below:

Investment analyst
A financial expert trained to analyse the activities and future prospects and earnings of companies and securities for the purpose of investment.

Fund administrator/investment manager
A person employed by an organisation that specialises in the investment of a portfolio of securities on behalf of individuals and/or organisations subject to the guidelines and directions of the investor.

Liability manager
A professional person engaged by holders of liabilities, such as banks or industry superannuation funds, to advise on appropriate payment strategies and organisational structures to meet a stream of obligations.

Actuarial insurance broker
An independent agent who values life, fire, accident and other forms of insurance for a range of insurance companies.

Consultant
Offer their professional services for a fee, provide a wide range of services, including; advice on financial decisions, independent valuations, design of insurance funds, and future financial planning strategies.

Senior manager
In addition to the roles described above, many actuaries successfully move into high-level administrative and management positions. Their broad training reflects the strong interdisciplinary nature of the actuarial profession, which mixes the need for strong theoretical skills with the need for sound practical intuition.

Learning Outcomes

• 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.

Upon successful completion, students will have the skills and knowledge to:

1. Engage with Asia linguistically and culturally as a basis for independent lifelong learning from Asia and with Asia.
2. Use concepts and methods from the humanities and social sciences to develop, review, analyse and synthesise knowledge about Asia, its regions, and its place in the world.
3. Use engagement with Asia’s diversity as a basis for critically reflecting on concepts, methods and knowledge in the humanities and social sciences.
4. Communicate knowledge of Asia to diverse audiences using academic and applied styles, in both English and an Asian language.
5. Exercise critical thinking and judgment in identifying and solving problems, individually and in groups.

Professional Accreditation

To meet Part I of the professional requirements of the Actuaries Institute  you must complete eight Core Technical (CT) subjects that correspond with 14 to 15 ANU courses which are accredited by the Institute. An average grade of 60 per cent must be achieved across the ANU courses corresponding with each CT subject in order to be recommended for the Part I exemptions. Further information on the ANU Part I exemption policy can be found here. Part II requirements of the Institute can be met by an additional fourth year of study in the College, usually in the form of an honours year. Interested students should contact the ANU College of Business and Economics. For further information about the Actuaries Institute visit: www.actuaries.asn.au.

Further Information

Electives: 

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.

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.

Electives: 

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.

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.

Admission Requirements

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

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.

Prerequisites

ACT: Specialist Mathematics (major/minor) (160+) Recommended Studies:  Specialist Mathematics (double major)
NSW: HSC Mathematics Extension 1 (Band E3) Recommended Studies: HSC Mathematics Extensions 2
QLD: Mathematics B and Mathematics C, with a grade of 'H' in each
SA/NT: Mathematics 1 (Double) and Mathematics 2 with a score of at least 15/20 in both subjects
TAS: Mathematics Stage 2 and Mathematics Stage 3 with a score of at least 15/20 in both subjects
VIC: Mathematical Methods 3&4 and Specialist Mathematics 3/4 with at least 36/50 in each subject
WA: Applicable Mathematics and Calculus with a score of at least 72/100
IB: Mathematics (HL) with at least 6

Adjustment Factors

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 http://www.uac.edu.au/eas/  for more information.

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.

Program Requirements

The Bachelor of Actuarial Studies flexible double degree component requires completion of 96 units, of which:

A maximum of 48 units may come from completion of 1000-level courses

The 96 units must include:

72 units from completion of the following compulsory courses:

BUSN1001 Business Reporting and Analysis

ECON1101 Microeconomics 1

STAT1008 Quantitative Research Methods

STAT2001 Introductory Mathematical Statistics

STAT2008 Regression Modelling

STAT2032 Financial Mathematics

STAT3004 Stochastic Modelling

STAT3032 Survival Models

STAT3035 Risk Theory

STAT3036 Credibility Theory

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)

ECON2112 Macroeconomics 2 (H)

12 units from the completion of courses on List 1 of the ANU College of Business and Economics.

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. Should two MATH courses be chosen, the elective course position would need to be used for the additional MATH course.

In the requirements of the Bachelor of Actuarial Studies above it is not possible to gain full exemptions from Actuaries Institute Part I requirements as the required FINM courses are not included. However, by including these FINM courses in the other flexible double degree (if allowed), or overloading (i.e., taking more than the standard four courses in some semesters) or by using the College of Business and Economics Summer School Program (if available), students may be able to complete their exemptions from Part I. To facilitate either of these options, it is recommended that students undertake FINM1001 Foundations of Finance as their elective course.

If your flexible double degree is within the College of Business and Economics (for example Commerce and Economics), the suggested study plan may show the same course twice. If this is the case, you must only do the course once and replace the other course with a CBE List 1 course.

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

For majors and minors offered by the ANU College of Business and Economics, students may count a course towards multiple majors and minors. If a minor is a subset of all stated courses and/or prerequisites for a major, then completion of the major overrides completion of the minor, and only the major is regarded as having been completed. If all courses in a major and/or minor are compulsory courses in the degree, the major and/or minor will not be listed on the transcript.

The Bachelor of Asian Studies flexible double degree component requires completion of 96 units, of which:

A maximum of 36 units may come from completion of 1000-level courses

The 96 units must include:

12 units from completion of the following compulsory courses:

ASIA1025 Culture and Society in Asia

ASIA1030 Lives in Motion: The Politics of Culture and Everyday Experience in Postcolonial Asia

12 units from the completion of discipline courses from the following list:

ASIA2065 Comparative Politics (Asia Pacific)

ASIA2067 Economies of Emerging Asia

ASIA2301 Prehistoric Origins: Archaeology of Asia and the Pacific

ASIA2302 Culture and Modernity in Asia: Anthropological Perspectives

ASIA2304 What is Literature? Asian Perspectives

ASIA2307 History of Empire in Asia

ASIA2308 Linguistic Histories in Asia and the Pacific

ASIA2311 Gender and Cultural Studies in Asia and the Pacific

INTR2010 International Relations in the Asia-Pacific

STST2001 International Security issues in the Asia Pacific

24 units from completion of language courses from one of the following lists:

Arabic Language

ARAB1002 Introductory Arabic A

ARAB1003 Introductory Arabic B

ARAB2011 Intermediate Arabic A

ARAB2012 Intermediate Arabic B

ARAB3001 Advanced Arabic A

ARAB3002 Advanced Arabic B

Chinese Language

CHIN1012 Modern Chinese 1A: Spoken Chinese

CHIN1013 Modern Chinese 1B: Written Chinese

CHIN2022 Modern Chinese 2A: Spoken Chinese

CHIN2023 Modern Chinese 2B: Written Chinese

CHIN3020 Modern Chinese 3

CHIN3021 Modern Chinese 4

CHIN3022 Modern Chinese 5

CHIN3023 Modern Chinese 6

CHIN3024 Modern Chinese 7

CHIN3025 Modern Chinese 8

CHIN3041 Case Studies in Translation: Chinese/English

CHIN3211 Advanced Readings in Chinese A

CHIN3212 Advanced Readings in Chinese B

CHIN3216 Chinese-English Interpreting

French Language and Culture

FREN1003 Introductory French I

FREN1004 Introductory French II

FREN2024 Continuing French I

FREN2025 Continuing French II

FREN3006 Intermediate French I

FREN3007 Intermediate French II

FREN3008 Advanced French Topics

FREN3107 Current Affairs and the French Press (Advanced)

Hindi Language

HIND1100 Hindi 1A

HIND1200 Hindi 1B

HIND2300 Hindi 2A

HIND2400 Hindi 2B

HIND3500 Hindi 3A

HIND3600 Hindi 3B

Indonesian Language

INDN1002 Indonesian 1A

INDN1003 Indonesian 1B

INDN2002 Indonesian 2A

INDN2003 Indonesian 2B

INDN3002 Indonesian 3A

INDN3003 Indonesian 3B

Japanese Language

JPNS1012 Spoken Japanese 1

JPNS1013 Spoken Japanese 2

JPNS1014 Written Japanese A

JPNS1015 Written Japanese B

JPNS2012 Spoken Japanese 3

JPNS2013 Spoken Japanese 4

JPNS2014 Written Japanese C

JPNS2015 Written Japanese D

JPNS3005 Advanced Japanese: Issues in Contemporary Japan

JPNS3006 Advanced Japanese: Language in Context

JPNS3007 Advanced Japanese: Readings in Culture and Society

JPNS3008 Advanced Japanese: Readings in Literature

JPNS3023 Advanced Readings in Japanese History

JPNS3024 Advanced Readings in Japanese Law

Korean Language

KORE1020 Modern Korean 1

KORE1021 Modern Korean 2

KORE2521 Modern Korean 3

KORE2522 Modern Korean 4

KORE3012 Modern Korean 5

KORE3013 Modern Korean 6

Portuguese Language

PORT1001 Introductory Portuguese I

PORT1002 Introductory Portuguese II

PORT2001 Continuing Portuguese I

PORT2002 Continuing Portuguese II

Sanskrit Language

SKRT1002 Sanskrit 1A

SKRT1003 Sanskrit 1B

SKRT2103 Sanskrit 2A

SKRT2104 Sanskrit 2B

SKRT2105 Sanskrit 3A

SKRT2106 Sanskrit 3B

Spanish Language

SPAN1001 Introduction to Spanish I

SPAN1002 Introduction to Spanish II

SPAN2001 Continuing Spanish I

SPAN2002 Continuing Spanish II

SPAN3001 Intermediate Spanish I

SPAN3012 Intermediate Spanish II (Language and Culture)

SPAN3022 Intermediate Spanish II (Language and Linguistics)

Thai Language

THAI1002 Thai 1A

THAI1003 Thai 1B

THAI2002 Thai 2A

THAI2003 Thai 2B

THAI3002 Thai 3A

THAI3008 Advanced Readings in Thai Language and Culture

Vietnamese Language

VIET1002 Vietnamese 1A

VIET1003 Vietnamese 1B

VIET2002 Vietnamese 2A

VIET2003 Vietnamese 2B

VIET3002 Vietnamese 3A

VIET3003 Vietnamese 3B

48 units from completion of majors, minors and courses offered by the ANU College of Asia and the Pacific

Majors

Bachelor of Asian Studies Majors

Minors

Bachelor of Asian Studies Minors

Study Options

Honours

Students may proceed to an additional honours year in Actuarial Studies. Entry to the honours year program is subject to an appropriately high average grade (generally distinction level or above) in the 3000-level compulsory subjects described in the course listings and requires the approval of College. Other conditions may also apply. Students who are interested in the honours program should seek further advice from the Convenor of the Actuarial Program in the Research School of Finance, Actuarial Studies and Applied Statistics

Students undertaking honours will be able to meet the Actuaries Institute Part II requirements