- Length 3 years full-time
- Minimum 144 Units
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IB 36
- 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
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 14 CBE courses (84 units) but will also get to choose 10 courses (60 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 double degree
program you will study a total of 14 core CBE
courses (84 units) and 2 elective
courses (12 units) towards the Bachelor of Actuarial Studies, and a further 16 or 24 courses (96 or 144 units)
towards the second degree.
Typically, you will take
4 courses per semester (total of 24 units) as a full time student giving you a
total of 32 or 40 courses (192 or 240 units) across your whole double
degree. However, for each semester you are likely to take 2 courses from
your Actuarial Studies degree and 2 courses
from the other half of your double degree - totalling 4 courses a semester.
Please note that in a double degree it may not be possible to gain full exemptions from IAAust Part I requirements (as you can only do 16 courses within the Bachelor of Actuarial Studies side), however you may meet the requirements by taking the additional courses as non-award study. Please contact CBE Student Services (info.cbe@anu.edu.au) if you wish to discuss this option.
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, and are typically referred to as 'First Year Courses'.
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. There is a maximum of 10 courses (60 units) of 1000-level courses in a single degree, and a maximum of 8 courses (48 units) of 1000-level courses in the CBE half of a double degree.
- You can change your enrolment in courses via self enrolment 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 10 ANU wide elective courses if you are undertaking the single Bachelor of Actuarial Studies degree. If you are in a double degree, you can choose 2 ANU wide elective courses.
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, commencing Semester 1Study 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), commencing Semester 1Study 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 |
| FINM1001 Foundations of Finance 6 units | BUSN1001 Business Reporting and Analysis 6 units | Degree B course 6 units | Degree B course 6 units |
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, the second course (either MATH1014 or MATH1116) will be taken as an elective. Please discuss your amended study plan with the CBE Student Services Team (info.cbe@anu.edu.au) to ensure you are able to progress though the degree.
If after reading through these guidelines you are unsure about your which courses to enrol in, you can email info.cbe@anu.edu.au
If you are seeking status (credit) from previous study at another university you will need to submit a copy of your official transcript, detailed course outlines and a completed credit application form. For further information about the process and links to the application form, please visit: https://cbe.anu.edu.au/current-students/student-guides-and-forms/apply-credit/exemption
Additional advice for commencing students can be found at: https://www.cbe.anu.edu.au/fasttrack