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 a wide variety of areas. With an ANU Bachelor of Actuarial Studies you can excel in 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 these risks.

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

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 and regional 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.

Our community of scholars, policymakers, researchers and students is proudly interdisciplinary and interregional. Our teaching and research drives Australia’s engagement and understanding of its neighbouring regions. Majors and minors in the Bachelor of Asian Studies can be based on a language, a region or a discipline – for example, Modern Chinese Language, Asia-Pacific Politics, Japanese Studies and many others. We encourage students who begin the study of an Asian language at university to complete a full language major in order to graduate with the proficiency required to function as an Asia specialist in the increasingly competitive job market. Placement testing allows students with existing expertise in a language to enter at their current proficiency level.

Employment Opportunities

Actuaries work in a wide variety of areas, often in positions of seniority in a business. Examples of the job titles associated with actuarial studies are listed below:

Investment analyst

Trained to analyse the activities and future prospects and earnings of companies and securities for the purpose of investment.

Investment manager

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

Engaged by holders of liabilities, such as insurance companies, banks or superannuation funds, to advise on appropriate payment strategies and organisational structures to meet a stream of obligations.

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.

Data analyst

Processes and investigates large of amounts of data for or on behalf of organisation, in order to solve business problems and take advantage of business opportunities.

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.

Actuaries work in a wide variety of areas, often in positions of seniority in a business. Examples of the job titles associated with actuarial studies are listed below:

Investment analyst

Trained to analyse the activities and future prospects and earnings of companies and securities for the purpose of investment.

Investment manager

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

Engaged by holders of liabilities, such as insurance companies, banks or superannuation funds, to advise on appropriate payment strategies and organisational structures to meet a stream of obligations.

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.

Data analyst

Processes and investigates large of amounts of data for or on behalf of organisation, in order to solve business problems and take advantage of business opportunities.

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

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 

1. Critically apply theoretical frameworks and research techniques to understand the global significance of Asia as a region and as a composite of diverse societies and cultures;

2. Demonstrate a nuanced understanding of the regional diversity of the societies and cultures that make up Asia;

3. 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

Accreditation

The Bachelor of Actuarial Studies 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.

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.

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

The Bachelor of Actuarial Studies 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.

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.

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

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. Please note that Adjustment Factors vary and do not apply to a select few programs,  please 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 or List 4 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 Foundation Program 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 the Foundation Program. 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, CBE List 1 course or CBE List 4 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.

The courses on List 4 are equivalent to the university-offered courses under the Actuaries Institute Actuary Program, noting the following:

• The courses can only be enrolled in by students taking a flexible double degree combining a Bachelor of Actuarial Studies and another degree that contains sufficient overlap in courses to free up sufficient elective space.
• Examples of flexible double degrees where these courses can be fit into the degree are the Bachelor of Commerce, Bachelor of Finance and Bachelor of Statistics (this list is not exhaustive).
• These courses have strict academic entry requirements. Further information on entry requirements into these courses can be found on the links to the course pages linked from the List 4 webpage.
• Students considering including List 4 courses into their degree should contact the program convener for further information on study plans, as it is necessary to move courses in the Bachelor of Actuarial Studies to earlier semesters than that of the study plan below, in order to meet the requisites of the List 4 courses.

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 consist of:

12 units from completion of the following compulsory courses:

ASIA1025 Asia and the Pacific: Power, diversity and change

ASIA1030 Asia and the Pacific in Motion

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

ASIA2001 Language in Asia and the Pacific

ASIA2065 Asian Politics: From Concepts to Causes

ASIA2067 Economies of Emerging Asia

ASIA2120 Colonialism and the Rule of Law

ASIA2301 Human Migration and Expansion in the Rise of the Asia-Pacific

ASIA2302 Culture and Modernity in Asia: Anthropological Perspectives

ASIA2304 What is Literature? Asian Perspectives

ASIA2307 History of Empire in Asia

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 :

Burmese Language

BURM1002 Burmese 1

BURM1003 Burmese 2

BURM2001 Burmese 3

BURM2002 Burmese 4

Chinese Language

ASIA2103 Language in Asia and the Pacific (L)

CHIN1012 Modern Chinese 1: Spoken

CHIN1013 Modern Chinese 1: Written

CHIN2022 Modern Chinese 2: Spoken 

CHIN2023 Modern Chinese 2: Written 

CHIN2014 Modern Chinese 3

CHIN2017 Modern Chinese 4

CHIN3022 Modern Chinese 5

CHIN3023 Modern Chinese 6

CHIN2525 Learning Language Locally: China

CHIN3024 Advanced Modern Chinese A

CHIN3025 Advanced Modern Chinese B

CHIN3041 Chinese-English Translation 

CHIN3216 Chinese-English Interpreting

Hindi Language

ASIA2103 Language in Asia and the Pacific (L)

ASIA3083 Research Topics in South and Southeast Asian Languages A

ASIA3108 Research Topics in South and Southeast Asian Languages B

HIND1100 Hindi 1

HIND1200 Hindi 2

HIND2300 Hindi 3

HIND2400 Hindi 4

HIND3500 Hindi 5

HIND3600 Hindi 6

HIND2525 Learning Language Locally: India

Indonesian Language

ASIA2103 Language in Asia and the Pacific (L)

ASIA3083 Research Topics in South and Southeast Asian Languages A

ASIA3108 Research Topics in South and Southeast Asian Languages B

INDN1002 Indonesian 1

INDN1003 Indonesian 2

INDN2002 Indonesian 3

INDN2003 Indonesian 4

INDN3002 Indonesian 5

INDN3003 Indonesian 6

INDN2525 Learning Language Locally: Indonesia

INDN3104 Advanced Indonesian: History and Development of the Language

INDN3015 Advanced Indonesian: Translation into English

Japanese Language

ASIA2103 Language in Asia and the Pacific (L)

JPNS1012 Japanese 1: Spoken

JPNS1014 Japanese 1: Written

JPNS2003 Japanese 2: Spoken

JPNS2005 Japanese 2: Written

JPNS2012 Japanese 3

JPNS2013 Japanese 4

JPNS3001 Japanese 5

JPNS3002 Japanese 6

JPNS2024 Japanese Grammar and Expressions 

JPNS2525 Learning Language Locally: Japan

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

JPNS3012 Teaching Japanese: Content

JPNS3014 Teaching Japanese: Method

JPNS3013 Japanese - English Translation

JPNS3102 Debating Japan: Contemporary Intellectual Debates

JPNS3023 Research Topics in Japanese A

JPNS3024 Research Topics in Japanese B

Korean Language

ASIA2103 Language in Asia and the Pacific (L)

KORE1020 Korean 1

KORE1021 Korean 2

KORE2521 Korean 3

KORE2522 Korean 4

KORE3012 Korean 5

KORE3013 Korean 6

KORE3015 Advanced Korean: Film and Society

KORE3018 Advanced Korean: Literature and Media

Literary Chinese Language

CHIN2019 Literary Chinese 1

CHIN2021 Literary Chinese 2

CHIN3015 Advanced Literary Chinese*

Mongolian Language

MNGL1002 Mongolian 1

MNGL1003 Mongolian 2

MNGL2002 Mongolian 3

MNGL2003 Mongolian 4

Sanskrit Language

ASIA2103 Language in Asia and the Pacific (L)

ASIA3083 Research Topics in South and Southeast Asian Languages A

ASIA3108 Research Topics in South and Southeast Asian Languages B

SKRT1002 Sanskrit 1

SKRT1003 Sanskrit 2

SKRT2103 Sanskrit 3

SKRT2104 Sanskrit 4

SKRT3004 Sanskrit 5

SKRT3005 Sanskrit 6

SKRT3002 Advanced Sanskrit Literature A

SKRT3003 Advanced Sanskrit Literature B

Tetum Language

TETM1002 Tetum 1

TETM1003 Tetum 2

TETM2004 Tetum 3

TETM2005 Tetum 4

 Thai Language

ASIA2103 Language in Asia and the Pacific (L)

ASIA3083 Research Topics in South and Southeast Asian Languages A

ASIA3108 Research Topics in South and Southeast Asian Languages B

THAI1002 Thai 1

THAI1003 Thai 2

THAI2002 Thai 3

THAI2003 Thai 4

THAI3002 Thai 5

THAI3008 Thai 6

THAI2525 Learning Language Locally: Thailand

Vietnamese Language

ASIA2103 Language in Asia and the Pacific (L)

ASIA3083 Research Topics in South and Southeast Asian Languages A

ASIA3108 Research Topics in South and Southeast Asian Languages B

VIET1002 Vietnamese 1

VIET1003 Vietnamese 2

VIET2002 Vietnamese 3

VIET2003 Vietnamese 4

VIET3002 Vietnamese 5

VIET3003 Vietnamese 6 

VIET2525 Learning Language Locally: Vietnam

VIET3015 Vietnamese–English Translation

 *CHIN3015 Advanced Literary Chinese may be completed up to 4 times in a different topic in each instance with permission of the Course Convenor.

48 units from completion of courses from the following contextual and language subject areas, majors and minors, of which a minimum of 6 units must come from completion of 3000-level non-language courses.    

Languages

Arabic major

Burmese Language minor

Chinese Language major

Chinese Studies major

French Language and Culture major

Hindi Language major

Indonesian Language major

Japanese Language major

Japanese Studies major

Korean Language major

Literary Chinese minor

Mongolian Language minor

Sanskrit Language major

Spanish major

Tetum Language minor

Thai Language major

Tok Pisin Language minor

Vietnamese Language major

Portuguese Language (PORT)

Tibetan Language (TIBN)

Disciplines

Anthropology major

Archaeology major

Linguistics major

Peace and Conflict Studies major

Area Studies

Asian and Pacific Anthropology minor

Asian and Pacific Archaeology minor

Asian and Pacific Culture, Media and Gender minor

Asian and Pacific Linguistics minor

Asian and Pacific Literature and Film minor

Asian History major

Asia-Pacific International Relations major

Asia-Pacific Politics major

Asia-Pacific Security Studies major

India Studies major

Indonesian Studies major

Japanese Linguistics major

Korean Studies major

Northeast Asian Studies major

Pacific Studies major

Southeast Asian Studies major

A maximum of 6 units of experiential courses may come from the completion of courses from VCUG Vice Chancellor’s Undergraduate Courses, or the following list:

ANIP3003 Australian National Internships Program Internship A

ASIA2098 Asian and Pacific Studies Internship

ASIA2110 International Affairs Internship

ASIA3023 Asia Pacific Week Internship

ASIA3024 Editor’s practicum: online public engagement, academic blogging and digital disruption

ESEN1101 Essential University English

HIST1250 Big History

LING2107 Advanced Academic English

Majors

Bachelor of Asian Studies Majors

Minors

Bachelor of Asian Studies Minors

Bachelor of Actuarial 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