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.

Digital + Material
Innovation + Engagement

Combine cutting-edge digital practices with internationally-renowned art and craft studio disciplines in the Bachelor of Design.

Design students will benefit from deep immersion in digital, manual and theoretical studies and a wide overview of creative practices. From coding, to making, to manufacture, students apply hands-on design to digital and physical materials. Students delve into web design, data visualisation, and interaction design, and experiment in studios to develop expertise in the latest digital form and fabrication processes.

This degree prepares students with transferable knowledge and skills required to make their mark on a rapidly changing world.
 

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

Upon successful completion, students will be able to:

1. utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations
2. interpret the accounts and financial statements of companies and financial institutions.
3. describe the fundamental concepts of micro and macroeconomics.
4. apply mathematical statistics, regression modeling and other statistical techniques to actuarial problems
5. describe and apply stochastic processes, survival models and their application in actuarial contexts
6. model and value cashflows dependent on death, survival, illness, retirement, and other contingencies
7. apply risk modelling techniques across a variety of financial contexts

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

1.    Demonstrate skills and knowledge of the practices, languages, forms, materials and technologies in their relevant discipline.
2.    Research, develop and evaluate design concepts and processes by thinking creatively, critically and reflectively.
3.    Apply skills and knowledge to the creation, visualisation and production of design projects.
4.    Work independently and collaboratively on design projects and respond to project demands.
5.    Interpret, communicate and present ideas, problems and arguments in modes suited to a range of audiences.
6.    Recognise and reflect on social, cultural technological, environmental and ethical issues of creative practice and design considering local and international perspectives.
 

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

Accreditation

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:

Students commencing this program in Semester 2 can see the study plan here. Study Plans for Commencing Semester 1 or 2

Electives: Students have 48 units of electives in a single degree program. No more than 10 courses at 1000 level.

Accreditation

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:

Students commencing this program in Semester 2 can see the study plan here. Study Plans for Commencing Semester 1 or 2

Electives: Students have 48 units of electives in a single degree program. No more than 10 courses at 1000 level.

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.

Entry into the Bachelor of Design is based on ACT or NSW HSC equivalent and interview and portfolio. Australian and New Zealand applicants apply through the Universities Admissions Centre (UAC) and international applicants lodge an application directly with ANU. Once an application has been lodged, applicants are required to register for an interview and upload a portfolio on the ANU School of Art & Design website at: soa.anu.edu.au/how-apply/undergraduate-applications.

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

STAT2013 Introductiory Mathematical Statistics for Actuarial Studies

STAT2005 Introduction to Stochastic Processes

STAT2014 Regression Modelling for Actuarial Studies

STAT2032 Financial Mathematics

STAT3032 Survival Models

STAT3057 Risk Modelling 1

STAT3058 Risk Modelling 2

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)

6 units from completion of a course from the following list:

MATH1013 Mathematics and Application 1

MATH1115 Advanced Mathematics and Application 1

MATH1113 Mathematical Foundations for Actuarial Studies

6 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 Design flexible double degree component requires completion of 96 units, of which:

A maximum of 42 units may come from completion of 1000-level courses

The 96 units must include:

12 units from completion of the following compulsory courses:

DESN1002 Visual Communication: Design and Production
DESN1003 Contemporary Design in Context

12 units from completion of DESN3010 Design Practice: Engagement, Internship and Entrepreneurship, which must be completed twice with a different topic each time

A minimum of 12 units from completion of foundation courses from the following list:

ARTV1020 Figure & Life
ARTV1021 Image and Object
ARTV1033 Hold Everything: Studio Foundation
DESA1021 Precise Drawing and Model Making

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

ANTH2005 Traditional Australian Indigenous Cultures, Societies and Environment
ARTH1006 Art and Design Histories: Form and Space
ARTH1007 Art and Design Histories: Making and Meaning
ARTH2043 Modernism and Postmodernism in Art and Design: 1850-2000
ARTH2162 Cyberculture
ARTH2164 Theories of the Object
ARTH2165 Theories of the Image
ARTH2167 Issues in Contemporary Craft and Design
ARTH2172 Costume, Fashion and Visual Culture
ENVS1001 Environment and Society: Geography of Sustainability
ENVS1008 Sustainable Development
GEND1001 Sex, Gender and Identity: An Introduction to Gender Studies
GEND1002 Reading Popular Culture: An Introduction to Cultural Studies
GEND2023 Gender, Sex and Sexuality: An Introduction to Feminist Theory
HUMN1001 Digital Culture: Being Human in the Information Age
HUMN2001 Digital Humanities: Theories and Projects
INDG1001 Indigenous Peoples, Populations and Communities
PHIL1004    Fundamental Ideas in Philosophy: An Introduction
PHIL1005    Logic and Critical Thinking
PHIL1007    What is Humanity?
PHIL1008    Introduction to Ethics
PSYC1003 Psychology 1: Understanding Mind, Brain and Behaviour
PSYC1004 Psychology 2: Understanding People in Context
SOCY1002 Self and Society
SOCY1004 Analysing the Social World: An Introduction to Social Psychology

A minimum of 12 units from completion of design courses from the following list:

DESN1001 Making Online: Context & Presence
DESN2002 Foundations of Creative Code
DESN2003 Creative Data Visualisation: Representing Data in Visual and Material Form
DESN2004 Dynamic Design and Generative Systems
DESN2006 Front-End Web: Crafting Online Experience
DESN2001 Digital Form and Fabrication
DESN2005 Form and Fabrication in Context
DESN2007 Design Fiction: Speculative and Critical Design
DESN2008 Design Thinking: Human-Centred Design Methodologies
DESN2009 Typography in Context: digital typographic design
DESN2012 The Ethics of Making: Design for Reuse and Repair

A minimum of 18 units from completion of studio courses from the following list:

ARTV1101 Ceramics: Materials & Technology
ARTV1102 Ceramics: Throwing & Surface Decoration
ARTV1103 Animation and Video: The Digital Workspace
ARTV1104 Animation and Video: Digital Equipment and Studios
ARTV1201 Furniture: Shape/Structure
ARTV1202 Furniture: Elevate/Surface
ARTV1301 Glass Introduction
ARTV1302 Glass: Processes and Methods
ARTV1403 Jewellery & Object: Introduction to Precise Miniature Construction
ARTV1404 Jewellery & Object: Maker, Wearer, Viewer, User
ARTV1501 Painting: Introducing Painting
ARTV1502 Painting: Composition and Space
ARTV1601 Photomedia: Foundations of photography, printing and camera skills
ARTV1602 Photomedia: Colour Photography and Digital Skills
ARTV1803 Sculpture: Introduction to Conceptual Practices and Construction Methods (Metal)
ARTV1804 Sculpture: Introduction to Temporal Practices and Construction Methods (Wood)
ARTV1901 Textiles: Dye and Surface Manipulation
ARTV1902 Textiles: Print and Surface Design
ARTV2038 Workshop Atelier
ARTV2039 Craft and Design Practice-led Research
ARTV2057 Hands On: Material Language
ARTV2060 Contexts of Making: Globalisation and Change
ARTV2061 Contexts of Making: Materiality and Value
ARTV2117 Ceramics: Glaze & Colour Development
ARTV2119 Ceramics: Experimental Methods and Meanings
ARTV2120 Ceramics: Designing for the Table and Home
ARTV2124 Ceramics: Surface, Form and Connectivity
ARTV2125 Ceramics: Moulding, Casting & Digital Technologies
ARTV2206 Furniture: Bend/Curve
ARTV2207 Furniture: Support/Body
ARTV2208 Furniture: Contain/Display
ARTV2209 Furniture: Collect/Treasure
ARTV2313 Glass: Kiln Casting
ARTV2314 Glass: Blowing and Finishing Techniques in context
ARTV2315 Glass: Kiln Forming
ARTV2316 Glass: Advanced Hot and Cold Glass Working Process
ARTV2401 Jewellery & Object: Making with machines
ARTV2402 Jewellery & Object: Utility as Context
ARTV2410 Jewellery & Object: Experimenting with process
ARTV2421 Jewellery & Object: Hollow Construction
ARTV2506 Painting: Approaches to Abstraction
ARTV2507 Painting: Painting in the Photo Digital Age
ARTV2508 Painting: Taking Your Own Direction
ARTV2509 Painting: Approaches to Composition and Colour
ARTV2511 Painting: Concepts, Materials, Processes
ARTV2605 Photomedia: Advanced Principles in Exposure and Printing
ARTV2606 Photomedia: Digital Photography and Studio Lighting
ARTV2607 Photomedia: Large Format Photography
ARTV2608 Photomedia: Experimental Processes
ARTV2609 Animation and Video: Visual Storytelling
ARTV2610 Animation and Video: Character development
ARTV2613 Animation and Video: Landscape and Environment
ARTV2614 Animation and Video: Non-linear Forms
ARTV2615 Animation: Creative Possibilities
ARTV2617 Video: Creative Possibilities
ARTV2706 Printmedia and Drawing: Experimental Drawing
ARTV2707 Printmedia and Drawing: Advanced Etching/Relief
ARTV2708 Printmedia and Drawing: Project Drawing
ARTV2715 Printmedia and Drawing: Typography
ARTV2717 Printmedia and Drawing: Book Design
ARTV2723 Printmedia and Drawing: Screen Printing
ARTV2727 Printmedia and Drawing: Lithography
ARTV2808 Sculpture: Space and Shape Investigations with Soft Sculpture, Pattern Making and Armature
ARTV2801 Socially Engaged Art Practice: Authorship, Dialogue and Community
ARTV2802 Politics of Memory: Video Installation, Sculpture, Documentary and Monuments
ARTV2810 Politics of Bodies: Sculpture, Figure Modelling, Performance and Choreography
ARTV2820 Politics of Spaces: Installation, Sculpture and Spatial Practice
ARTV2821 Posthuman Sculpture Practice with Active Materials: Bronze Casting, 3D Modelling and Bio Art
ARTV2906 Textiles: Approaches to Drawing for Craft and Design
ARTV2907 Textiles: Embroidery and Hand Stitch
ARTV2908 Textiles: Constructed Textiles
ARTV2909 Textiles: Maker to Market
ARTV2911 Textiles: Experimental Practices
ARTV2921 Environment Studio: field based research and studio practice in visual arts

Unless otherwise stated, a course used to satisfy the requirements of one list may not be double counted towards satisfying the requirements of another list.

For Bachelor of Engineering (Honours)/Bachelor of Design
12 units from completion of courses from the following list required for the Bachelor of Design contribute towards the Bachelor of Engineering (Honours) component of this double degree:

DESN2005 Form and Fabrication in Context
DESN2008 Design Thinking: Human-Centred Design Methodologies

Minors

Bachelor of Actuarial Studies Minors

Bachelor of Design 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