- Length 3 years full-time
- Minimum 144 Units
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IB 37
- Which applies to me?
- Academic plan BACTS
- CRICOS code 028147F
- UAC code
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Mode of delivery
- Internal
Back to the Bachelor of Actuarial Studies page
The Bachelor of Actuarial Studies is offered through the Research School of Finance, Actuarial Studies and Applied Statistics. You will learn how to combine skills from mathematics, statistics, economics, and finance to assess, evaluate and manage future financial risk, thereby addressing a wide range of practical problems in long-term financial planning and management. Actuarial skills are utilised in many areas, including insurance, superannuation, investment, banking, and government.
Single degree
- This degree requires 24 courses (144 units)
- A maximum of 10 courses (60 units) of 1000 level courses
- 14 compulsory courses
- 10 electives (of which 2 must be CBE List 1 elective courses)
- Please note that in the suggested study plan, Finance courses are listed as suggested electives in order to maximise a student's chances at meeting the Actuaries Institute of Australia Foundation Exemptions
Semester 1
- ECON1101 Microeconomics 1 - 6 units
- FINM1001 Fnd of Finance - 6 units
- BUSN1001 Bus Rep & Analysis - 6 units
- STAT1008 Quant Res Methods - 6 units.
Semester 2
- ECON1102 Macroeconomics 1 - 6 units
- FINM2001 Corp Finance - 6 units
- MATH1113 Math Fnd for Act Stud - 6 units
- Elective Course - 6 units
Commencing Semester 2:
Semester 2
- ECON1101 Microeconomics 1 - 6 units
- FINM1001 Fnd of Finance - 6 units
- MATH1113 Math Fnd for Act Stud - 6 units
- STAT1008 Quant Res Methods - 6 units.
Double degree
- This degree requires 16 courses (96 units) of CBE courses
- A maximum of 8 courses (48 units) of 1000 level CBE courses
- 14 compulsory courses.
- 2 CBE List 1 elective courses
Semester 1
Semester 2
Commencing Semester 2:
Please talk with the CBE Student Services Team about a study plan commencing in S2
About this degree
Single degree
In a Bachelor of Actuarial Studies single degree program you will study a total of 24 courses (144 units). Typically you will take 4 courses per semester (total
of 24 units) as a full time student giving you a total of 24 courses across
your whole degree. You will need
to complete a minimum of 16 CBE courses (96 units) but will also get to
choose 8 courses (48 units) from other ANU Colleges. You can try a
range of courses or take a major or minor in a non-CBE subject, the choice is yours. Please note that in the suggested study plan, Finance courses are listed as suggested electives in order to maximise a student's chances at meeting the Actuaries Institute of Australia Foundation Exemptions
Double degree
In a Bachelor of Actuarial Studies double degree
program you will study a total of 96 units. Typically you will take 4
courses per semester (total
of 24 units) as a full time student giving you a total of 16 courses
across
your whole degree. However, for each semester you are likely to take 2
courses from your Actuarial Studies degree and then 2 courses from the other degree - still a total of 4 courses a semester.
Enrolment Status
It is possible to enrol in fewer courses per semester but it will take you longer to finish your program and get your degree. If you are an international student you must always be enrolled full-time in 24 units each semester, or have an approved Reduced Study Load.
Important things to keep in mind when choosing your 1000-level courses
When you enrol for the first time you will study ‘1000-level’
courses. These courses have ‘1’ as the first number in their course
code, such as ECON1101.
Please also note that:
- You need to enrol in courses for both First Semester and Second Semester.
- In your first year, you cannot study more than four courses (24 units) per semester, eight for the year.
- You may take 1000-level courses later in your program. But remember you can’t count more than ten 1000-level courses (60 units) in total towards your single degree.
- You can change your enrolment via ISIS in courses up until the Monday of Week 2.
Electives
You can use your electives to enrol in any courses that you like, provided you meet prerequisite requirements.
Remember that you can choose up to 8 courses from another ANU College if you are undertaking the single Bachelor of Actuarial Studies degree.
- Please note that in the suggested study plan, Finance courses are listed as suggested electives in order to maximise a student's chances at meeting the Actuaries Institute of Australia Foundation Exemptions
If you are in a double degree, your electives must be CBE courses.
Don't forget the maximum number of 1000 level courses is 10 in single degree.
Study Options
Bachelor of Actuarial Studies
This is a typical study plan for the first year of a student undertaking a Bachelor of Actuarial Studies meeting the Actuaries Institute Part 1 requirements. Please note that the study options provided are for reference only and may not suit all students, especially those starting in Semester 2. If you have any questions, please discuss your study plan with the CBE Student Services Team to ensure you will meet all requirements.Study Options
Year 1 48 units | ECON1101 Microeconomics 1 6 units | FINM1001 Foundations of Finance 6 units | BUSN1001 Business Reporting and Analysis 6 units | STAT1008 Quantitative Research Methods 6 units |
ECON1102 Macroeconomics 1 6 units | FINM2001 Corporate Finance 6 units | MATH1113 Mathematical Foundations for Actuarial Studies 6 units | Elective course 6 units |
Bachelor of Actuarial Studies - Double Degree
This is a typical study plan for the first year of a student undertaking a Bachelor of Actuarial Studies degree with another degree, such as the Bachelor of Arts (degree B)Study Options
Year 1 48 units | ECON1101 Microeconomics 1 6 units | STAT1008 Quantitative Research Methods 6 units | Degree B course 6 units | Degree B course 6 units |
MATH1113 Mathematical Foundations for Actuarial Studies 6 units | ECON1102 Macroeconomics 1 6 units | Degree B course 6 units | Degree B course 6 units |
Disciplines
For further information on specific discipline you can:
- Find information here (http://cbe.anu.edu.au/students/)
Academic Advice
You may choose to take two MATH courses instead of MATH1113. The options are MATH1013/1014 or MATH1115/1116. MATH1013/1014
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. MATH1115/1116 is a higher level of MATH1013/1014 and is recommended for those who are considering further mathematical study. Should two MATH courses be chosen, please discuss your amended study plan with the CBE Student Services Team to ensure you are able to progress though the degree.
Please refer to the CBE Fast Track page:
https://www.cbe.anu.edu.au/fasttrack
Please note that in the Flexible double degree (Bachelor of Actuarial program with another ANU College degree) it may not be possible to gain full exemptions from IAAust Part I requirements (as you can only do 16 courses), however you may meet the requirements by taking courses as non-award.
If after reading through these guidelines you are unsure about which courses to enrol in, you can email info.cbe@anu.edu.au
Please refer to the CBE Fast Track page:
https://www.cbe.anu.edu.au/fasttrack