single degree

Bachelor of Social Sciences (Honours in Actuarial Studies and Economics)

A single four year undergraduate degree offered by the ANU College of Business and Economics

BSOCSC(H
  • Length 4 year full-time
  • Minimum 192 Units
Admission requirements
First year student? There’s more information about enrolling in your degree.
  • Mode of delivery
    • In Person
  • Field of Education
    • Insurance and Actuarial Studie
  • Academic contact
  • Length 4 year full-time
  • Minimum 192 Units
Admission requirements
First year student? There’s more information about enrolling in your degree.
  • Mode of delivery
    • In Person
  • Field of Education
    • Insurance and Actuarial Studie
  • Academic contact

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

FAS1102 Public Writing and Communication

FIN2704X Finance

FIN3101 Corporate Finance

GE Quantitative Reasoning

GE Asking Questions

GE Singapore Studies

GE Computational Thinking

GE Human Cultures

MA1101R Linear Algebra I

MA1102R Calculus

Two Economics level-4000 electives

Elective Study

Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective majorminor 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

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 and including any eligible adjustments:

- 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.

 

Entry requirements

Domestic School-leavers

Domestic students completing an Australian Year 12 or the IB program (November session) in Australia in 2019 apply directly to The Australian National University by submitting an Admission, Scholarships and Accommodation application here. All students will still need to meet the published entry requirements for the program they have applied for.

 In addition to meeting the published entry requirements, school leavers are required met the co-curricular or service requirement (CCS). The CCS functions as a threshold that is either met or not met, you can learn more about the CCS and check if you’ve met the CCS requirement here.

You will be directed to the appropriate application system when you select ‘Apply’.

 

Domestic Non-School leavers

Domestic non-school leavers (including students transferring to ANU, mature age applicants and students who are otherwise not a school-leaver) can apply to ANU via the Universities Admissions Centre (UAC).

 You will be directed to the appropriate application system when you select ‘Apply’

 

International applicant entry requirements

International applicants may view further information on admissions requirements at Entry Requirements for International Undergraduate Applicants.

 

Additional Information for applicants

More information about ATAR requirements for individual programs can be found on the ANU website.

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 allows you to do side-by-side comparisons of Australian universities, so you can find out more about the universities that interest you.

The University reserves the right to alter or discontinue its programs as required.

The admission requirements listed on this page are a guide to the entry level required for domestic applicants. Exact entry level will be set at time of offer.

 

Additional Requirements

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.

ATAR:
97
QLD Band:
3
International Baccalaureate:
39

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.

Commonwealth Supported Place (CSP)

For more information see: http://www.anu.edu.au/students/program-administration/costs-fees

Annual indicative fee for international students
$45,864.00

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

Graduates from ANU have been rated as Australia's most employable graduates and among the most sought after by employers worldwide.

The latest Global Employability University Ranking, published by the Times Higher Education, rated ANU as Australia's top university for getting a job for the fourth year in a row.

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

  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

  8. Analyse and interpret specific business situations so that the correct actuarial and other techniques can be applied

  9. 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.

Other 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 deadline

The Bachelor of Social Sciences (Honours in Actuarial Studies and Economics) will be commencing in Semester 2 (July) only each year.

ANU Application deadline: 6th January 2020 (11:55pm Australian Eastern Daylight Time).

ANU Acceptance deadline: 29th Feb 2020

 

NUS Application deadline: 27th March 2020

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

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