- Length 4 year full-time
- Minimum 192 Units
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.
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.
Career opportunities for Actuaries graduates include Actuary-Investment Analyst, Actuary-Fund Administrator/Investment Manager, Liability Consultant/Liabilities Manager and Actuarial Insurance Broker.
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 RequirementsDeliberately blank - SAS migration 22/11/2018
AccreditationThe 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.
Applications close by 6th January 2019 (11:55pm Australian Eastern Daylight Time).
ANU Acceptance deadline: 28th Feb 2019
NUS Application deadline: 29th March 2019
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) under the the â€˜International Applicants- Please select the â€˜Indian Standard 12 (Others) qualificationâ€™â€™.
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.
Admission to all programs is on a competitive basis. Admission to undergraduate degrees is based on meeting the ATAR requirement or an equivalent rank derived from the following qualifications:
- An Australian year 12 qualification or international equivalent; OR
- A completed Associate Diploma, Associate Degree, AQF Diploma, Diploma, AQF Advanced Diploma, Graduate Certificate or international equivalent; OR
- At least one standard full-time year (1.0 FTE) in a single program of degree level study at an Australian higher education institution or international equivalent; OR
- An approved tertiary preparation course unless subsequent study is undertaken.
Click HERE for further information about domestic admission.
More information about ATAR requirements for individual programs can be found HERE.
The National Register of higher education providers is an authoritative source of information that will help you confirm your institution of choice is registered to deliver higher education in Australia.
The Quality Indicators for Learning and Teaching (QILT) website is HERE. Based on surveys done by thousands of students across Australia you can find out about universities that interest you, doing side-by-side comparisons.
The table below is a guide to the entry level required for domestic applicants. Exact entry level will be set at time of offer.
Domestic applicant entry requirements
Queensland Band equivalents are a guide only - selection is made on an ATAR equivalent that is not available to students.
International applicant entry requirements
International applicants may view further information on admissions requirements at Entry Requirements for International Undergraduate Applicants
The University reserves the right to alter or discontinue its programs as required.
- QLD Band:
- International Baccalaureate:
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. Subject and performance-based adjustments do not apply to programs with a minimum selection rank of 98 or higher. 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
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.
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:
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
ACST4XXX 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
FAS1101 Writing Academically: Arts & Social Sciences
FAS1102 Public Writing and Communication
FIN3101 Corporate Finance
GE Quantitative Reasoning
GE Asking Questions
GE Singapore Studies
GE Computational Thinking
GE Human Cultures
MA1101R Linear Algebra I
Two Economics level-4000 electives
|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|
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
will contact you in February, regarding enrolments in ANU and NUS as well as application for accommodation at
Please contact CBE Student Services in the ANU College of
Business and Economics (email@example.com)
regarding your enrolment in this program.
Do you want to talk to someone before enrolling?