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 major, minor 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
At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry.
In line with the university's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.
Domestic applicants
→ School leavers will be assessed on:
• the minimum Australian Tertiary Admission Rank (ATAR) requirement or equivalent for this program,
• the co-curricular or service requirement, and
• any program specific requirements that are listed below.
→ Non school leavers:
a) will be assessed on:
• the minimum Australian Tertiary Admission Rank (ATAR) requirement or equivalent for this program,
b) Non school leavers who:
• complete a recognised Australian (or equivalent) post-secondary qualification, or
• complete one standard full-time year (1.0 FTE) of an Australian (or equivalent) degree qualification, or
• complete an approved tertiary preparation course/program without undertaking any further study,
will be assessed on the basis of an equivalent selection rank that is calculated upon application. Non school leavers must also meet any program specific requirements that are listed below.
International applicants
Applicants who complete a recognised secondary/senior secondary/post-secondary/tertiary sequence of study will be assessed on the basis of an equivalent selection rank that is calculated upon application. A list of commonly observed international qualifications and corresponding admission requirements can be found here. Applicants must also meet any program specific requirements that are listed below.
Diversity factors & English language proficiency
As Australia's national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe. If required, competitive ranking may further be confirmed on the basis of demonstrating higher-level English language proficiency.
- ATAR:
- 97
- QLD Band:
- 3
- International Baccalaureate:
- 39
Prerequisites
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.
Indicative fees
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
For further information on International Tuition Fees see: https://www.anu.edu.au/students/program-administration/fees-payments/international-tuition-fees
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
Utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations
Interpret the accounts and financial statements of companies and financial institutions.
Describe the fundamental concepts of micro and macroeconomics.
Apply mathematical statistics, regression modeling and other statistical techniques to actuarial problems
Describe and apply stochastic processes, survival models and their application in actuarial contexts
Model and value cashflows dependent on death, survival, illness, retirement, and other contingencies
Apply risk modelling techniques across a variety of financial contexts
Analyse and interpret specific business situations so that the correct actuarial and other techniques can be applied
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