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.

Can you see yourself bustling to work through the streets of Paris, Glasgow, Munich, London, Madrid or Norway? If you are interested in the social, political and cultural structure of contemporary Europe - this program is for you.

The Bachelor of European Studies focuses on the foundations of modern Europe, bearing in mind its long history and how this has shaped contemporary European societies. It also considers the innovative aspects of recent developments, particularly the possibilities for cooperation and unity as well as the tensions between diverse traditions.

You will study a European language and travel to Europe for ‘in-country’ study at a partner institution. With our flexible program you can also extend your chosen language subject into a major.

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 be able to:

1. Understand and evaluate historical and current events and developments that have shaped Europe,

2. Identify and critique the contemporary socio-cultural and political systems of Europe,

3. Analyse current debates relating to regional cooperation and unity in the context of tensions in traditions,

4. Analyse the global significance of events and developments in Europe, and

5. Communicate in a European language. 

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.

If students take this program in a Flexible Double Degree with a Bachelor of Applied Data Analytics, you will need to replace overlapping STAT courses with later year FINM or STAT courses. 

Study Plans:

Study Plans for Commencing Semester 1 or 2

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.

If students take this program in a Flexible Double Degree with a Bachelor of Applied Data Analytics, you will need to replace overlapping STAT courses with later year FINM or STAT courses. 

Study Plans:

Study Plans for Commencing Semester 1 or 2

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.

More information about ATAR requirements for individual programs can be found HERE.

The National Register of higher education providers is an authoritative source of information that will help you confirm your institution of choice is registered to deliver higher education in Australia.

The Quality Indicators for Learning and Teaching (QILT) website is HERE. Based on surveys done by thousands of students across Australia you can find out about universities that interest you, doing side-by-side comparisons.

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 an ATAR 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+)/Specialist Methods(Major/Minor) (160+), NSW: Mathematics Extension 1 (Band E3) or equivelant. More information about interstate subject equivalencies can be found here.

Adjustment Factors

ANU offers rank adjustments for a number of adjustment factors, including for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies. Rank adjustments are applied to Bachelor degree applicants with an ATAR at or above 70. Points are awarded in accordance with the approved schedules, and no more than 15 points (maximum 5 subject/performance-based adjustments, maximum 10 equity-based adjustments and maximum 5 Elite Athlete adjustments) will be awarded. Subject and performance-based adjustments do not apply to programs with a minimum selection rank of 98 or higher. Visit the ANU Adjustment Factors website for further 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

STAT2005 Introduction to Stochastic Processes

STAT2008 Regression Modelling

STAT2032 Financial Mathematics

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 the FINM courses meet the requirements of the other degree), or overloading (i.e., taking more than the standard four courses in some semesters on non-award basis which means you will need to pay full fees for the courses you are overloading) 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 University Wide Elective or CBE List 1 course. Please note that you cannot exceed 8 out of college electives.

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 European 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:

24 units from completion of the following compulsory courses:

EURO1004 Europe in the Modern Era
EURO2012 Uniting Europe: history, politics, theory
EURO3002 Comparative European Politics
HIST1214 Clash of Empires: 1450 to the Present

 
12 units from completion of European History courses from the following list:

HIST2133 Human Variations and Racism in Western Culture, c. 1450-1950
HIST2136 World at War, 1939-1945
HIST2141 The Cold War: 1945-1989
HIST2205 Europe and the Atlantic World, c.1492–1776.
HIST2213 Real Men: Masculinities in Western History
HIST2214 The Great War, 1914-1918
HIST2219 Tudor-Stuart England, c.1485-1714: Politics, Society and Culture
HIST2221 The Birth of Modernity: Britain 1688-1848
HIST2223 The French Revolution and Napoleon
HIST2226 Nazi Germany
HIST2228 Enlightenment Worlds
HIST2238 Human Rights in History 
HIST2240 Democracy and Dissent: Europe Since 1945
HIST2220 Medieval History
HIST2242 The Soviet Union
 

12 units from completion of Contemporary Europe courses from the following list:

BUSI2034 Dynamics of European Business 
ENGL2101 Modern European Theatre
GERM2020 Postwar German Society
LING2022 Language Policy and Language Politics
MEAS2001 New States of Eurasia: Emerging Issues in Politics and Security
MEAS2002 Turkish History: Ottoman State to Modern Turkey
MEAS2003 Modern Turkey: History, Culture and Regional Relations
PHIL2059 Love Death and Freedom (20th Century French Phenomenology)
POLS2025 Politics in Britain
POLS2069 Politics in Russia
SOCY2055 Social Inequality in Comparative Perspective
 

Either:

48 units from completion of one of the following language majors 

French Language and Culture
German Language and Culture
Italian Language and Culture
Spanish
 

Or

24 units from completion of one of the following language minors 

French Language and Culture
German Language and Culture
Italian Language and Culture
Russian
Spanish
 

24 units from completion of one of the following:

an in-country study abroad component/exchange in the same language as the minor
Internship undertaken in the same language as the minor

Or

24 units from completion of one of the following advanced language minors: 

Advanced French Studies
Advanced German Studies
Advanced Italian Studies
Advanced Spanish Studies
 

24 units from completion of courses from any of the following majors and minors:

Advanced French Studies Minor
Advanced German Studies Minor
Advanced Italian Studies Minor
Advanced Spanish Studies Minor
Advanced Studies Minor
Ancient Greek Major
Ancient History Major
ANU Leadership and Research Minor
Art History and Theory Major
Contemporary Europe Major
Demography Minor
Digital Humanities Major
Economic Studies Major
English Major
Environmental Studies Major
Film Minor
French Language and Culture Major
Gender, Sexuality and Culture Major
German Language and Culture Major
Heritage and Museum Studies Minor
History Major
International Communication Major
International Relations Major
Italian Language and Culture Major
Latin Major
Music Major
Music Technology Major
Philosophy Major
Political Science Major
Russian Minor
Social Research Methods Minor
Sociology Major
Spanish Major
War Studies Major
 

Majors

Bachelor of European Studies Majors

Minors

Bachelor of European 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

For information about honours, please see Bachelor of European Studies (Honours)