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.

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

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. 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; and

6. recognise and reflect on social, cultural technological, environmental and ethical issues of creative practice and design considering local and international perspectives.

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. The ANU is also a designated Centre of Actuarial Excellence for the Society of Actuaries (US).

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. The ANU is also a designated Centre of Actuarial Excellence for the Society of Actuaries (US).

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

Adjustment factors are additional points added to an applicant's Selection Rank (for example an applicant's ATAR). ANU offers adjustment factors based on performance and equity principles, such as for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies. 

Selection Rank adjustments are granted in accordance with the approved schedules, and no more than 15 (maximum 5 subject/performance-based adjustment factors and maximum 10 equity-based adjustment factors) can be awarded. 

You may be considered for adjustment factors if you have:

• applied for an eligible ANU Bachelor degree program
• undertaken Australian Year 12 or the International Baccalaureate
• achieved an ATAR or equivalent at or above 70
• not previously attempted tertiary study.

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 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:

18 units from completion of the following compulsory courses:

DESN1002 Visual Communication: Design and Production

DESN1003 Contemporary Design in Context

DESN1004 The Past as Prototype: History, Ethics and Concepts for Design in the Twenty-First Century

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

6 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 After the Bauhaus: Design from the Interwar Period to the Age of Climate Crisis

ARTH2162 Art in the Digital Age

ARTH2167 Issues in Contemporary Craft and Design

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:

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

DESN2010 Making Creative and Critical Technologies: physical computing for art and 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: Introduction to Clay Forming and Technology

ARTV1102 Ceramics: Throwing & Surface Decoration

ARTV1201 Furniture: Shape/Structure

ARTV1202 Furniture: Elevate/Surface

ARTV1301 Glass Hot Forming Introduction: Fundamentals for Contemporary Practice

ARTV1302 Glass Kiln Forming Introduction: Fundamentals for Contemporary Practice

ARTV1403 Jewellery & Object: Introduction to Precise Miniature Construction

ARTV1404 Jewellery & Object: Maker, Wearer, Viewer, User

ARTV1501 Painting: Introducing Painting

ARTV1502 Painting: Composition & Space

ARTV1601 Hyperanalogue: the alchemy of darkroom photography

ARTV1610 PhotoVideo: Interrogating the Camera

ARTV1611 Expanded Studio Practice: Constructing Worlds

ARTV1612 Video Art: Editing & Montage

ARTV1613 Foundations of Animation

ARTV1614 Post-Digital Photography: bending the image

ARTV1703 Drawing into Print: Etching and Relief

ARTV1704 Drawing into Print: Screen Printing and Stencils

ARTV1803 Supports: conceptual and material

ARTV1804 Place, time, and wood

ARTV1901 Textiles: Plants & Place

ARTV1902 Textiles: Pattern & Print

ARTV2027 Professional Practice: Economies and Ecologies in the Australian Cultural Sector

ARTV2038 Workshop Atelier

ARTV2057 Hands On: Material Language

ARTV2059 Immersive Media

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 for Contemporary Practice

ARTV2314 Glass Blowing for Contemporary Practice: Materiality and Form

ARTV2315 Glass Kiln Forming for Contemporary Practice

ARTV2316 Glass Blowing for Contemporary Practice: Utility and Narrative

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

ARTV2605 The Photographic Document: Materiality and Form

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

ARTV2706 Printmedia and Drawing: Drawing Beyond the Line

ARTV2707 Printmedia and Drawing: Extended Etching and Relief Printing

ARTV2708 Printmedia and Drawing: Construct Meaning with Drawing

ARTV2715 Printmedia and Drawing: Typography

ARTV2717 Printmedia and Drawing: The Book as Art

ARTV2723 Printmedia and Drawing: Extended Screen Printing

ARTV2727 Printmedia and Drawing: Lithography

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

ARTV2830 Automation and Autonomy: Process, Accident, Sculpture

ARTV2906 Textiles: Approaches to Drawing for Craft and Design

ARTV2907 Subverting Stitch

ARTV2908 Woven Worlds

ARTV2909 Social Fabric: Crafting Communities

ARTV2911 Spatial/Temporal Methods

ARTV2921 Environment Studio: field based research and studio practice in visual arts

ARTV3507 Painting: Open to Influence Studio Research

ARTV3508 Painting: Materiality and Meaning

ARTV3510 Painting: Critical Analysis and Reflection in the Studio

Minors

Bachelor of Actuarial Studies Minors

Bachelor of Design Minors

Study Options