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single degree

Bachelor of Actuarial Studies (Honours)

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

BACT
  • Length 1 year full-time
  • Minimum 48 Units
Admission requirements
  • Academic plan HACTS
  • Post Nominal
  • CRICOS code 036671G
  • Mode of delivery
    • In Person
  • Field of Education
    • Insurance and Actuarial Studie
  • Academic contact
  • Length 1 year full-time
  • Minimum 48 Units
Admission requirements
  • Academic plan HACTS
  • Post Nominal
  • CRICOS code 036671G
  • Mode of delivery
    • In Person
  • Field of Education
    • Insurance and Actuarial Studie
  • Academic contact

Program Requirements

This Honours plan requires the completion of 48 units, which must consist of:

18 units from completion of the following compulsory courses:

ACST4031 Actuarial Control Cycle 1

ACST4032 Actuarial Control Cycle 2

ACST4062 Actuarial Data Analysis

A maximum of 18 units from completion of courses from the following list:

ACST4060 Enterprise Risk Management 1

ACST4061 Enterprise Risk Management 2

ACST4045 Advanced Insurance

FINM4106 Advanced Investments

ACST4049 Advanced Global Retirement Income Systems

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

ACST4600 Actuarial Research Essay

ACST4500 Actuarial Honours Thesis


In order to complete the degree, students will also be required to complete the research training activities specified by the convenor of the program.

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.

Admission Requirements

An AQF Level 7 Bachelor of Actuarial Studies degree or equivalent, completed within the last two years: 

1. with a weighted average mark equivalent to an ANU 75 per cent calculated from the following 36 units (i.e. 0.75 EFTSL) equivalent to the ANU courses:

STAT2005 Introduction to Stochastic Processes

STAT3032 Survival Models

STAT3037 Life Contingencies

STAT3038 Actuarial Techniques

STAT3035 Risk Theory

STAT3036 Credibility Theory.

2. and with the written approval of the Honours Convener.

The number of places available in the program may be limited by the Dean due to supervisory capacity.

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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.

Commonwealth Supported Place (CSP)

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

Annual indicative fee for international students
$39,090.00

For further information on International Tuition Fees see: https://www.anu.edu.au/students/program-administration/fees-payments/international-tuition-fees

Fee Information

All students are required to pay the Services and amenities fee (SA Fee)

The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.

For further information on Fees and Payment please see: https://www.anu.edu.au/students/program-administration/fees-payments

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.

Honours in Actuarial Studies is a program offered within the Research School of Finance, Actuarial Studies and Applied Statistics that offers students who have excelled in their undergraduate actuarial degree a challenging but rewarding year of study. We seek outstanding students who are keen to undertake independent research with the guidance from academic staff. Sufficiently high grades in the coursework component of the honours year will enable students to receive exemptions from some of the Associateship and Fellowship requirements of the Actuaries Institute.

Career Options

ANU ranks among the world's very finest universities. Our nearly 100,000 alumni include political, business, government, and academic leaders around the world.

We have graduated remarkable people from every part of our continent, our region and all walks of life.

Learning Outcomes

  1. demonstrate a sound knowledge and critical understanding of research design and methods in development of a research proposal and research plan
  2. perform independent research
  3. exhibit in-depth knowledge of their chosen research topic
  4. discuss and apply an actuarial control cycle in a variety of practical commercial situations. 

Inherent Requirements

Information on inherent requirements is currently not avaialble for this program.

Further Information

Application deadline:

The Bachelor of Actuarial Studies (Honours) will be commencing in Semester 1 (February) only each year. Applications for Semester 2 (July) will not be accepted.


Deadline for S1 is 30th November (11:55pm Australian Eastern Daylight Time).

 

Notification of outcome: Applicants will be notified of the outcome for admission by 15th January


Acceptance deadline:

If applicants are successful in receiving an offer, the acceptance deadlines is 31st January


Application materials

Applicants must provide complete documentation, including a certified or coloured copy of testamur and final transcript (except for ANU students). Applicants must also provide a Statement of Purpose, which must include:

1.     Reasons for applying to the honours program, including discussion of the specific skills they would like to develop during the honours year.

2.     Proposed research topic for the honours year or discussion of specific research interests that the applicant would like to pursue during honours. It is highly desirable that the applicant has an agreed supervisor at the time of applying

3.     How completion of the honours program will help the applicant in their future career.


All of the documents are required by 10th December

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