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single degree

Bachelor of Social Sciences (Honours in Actuarial Studies and Economics)

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

BSOCSC(H
  • Length 4 year full-time
  • Minimum 192 Units
Admission requirements
First year student? There’s more information about enrolling in your degree.
  • Mode of delivery
    • In Person
  • Field of Education
    • Insurance and Actuarial Studie
  • Academic contact
  • Length 4 year full-time
  • Minimum 192 Units
Admission requirements
First year student? There’s more information about enrolling in your degree.
  • Mode of delivery
    • In Person
  • Field of Education
    • Insurance and Actuarial Studie
  • Academic contact

Program Requirements

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:

FINM2002 Derivatives

FINM2003 Investments

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

ACST4062 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

FAS1102 Public Writing and Communication

FIN2704X Finance

FIN3101 Corporate Finance

GE Quantitative Reasoning

GE Asking Questions

GE Singapore Studies

GE Computational Thinking

GE Human Cultures

MA1101R Linear Algebra I

MA1102R Calculus

Two Economics level-4000 electives

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.

Study Options

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

Admission Requirements

At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry.


In line with the university's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.

Domestic applicants

? School leavers will be assessed on:

• the minimum Australian Tertiary Admission Rank (ATAR) requirement or equivalent for this program,

• the co-curricular or service requirement, and

• any program specific requirements that are listed below.

? Non school leavers:

a) will be assessed on:

• the minimum Australian Tertiary Admission Rank (ATAR) requirement or equivalent for this program,

b) Non school leavers who:

• complete a recognised Australian (or equivalent) post-secondary qualification, or

• complete one standard full-time year (1.0 FTE) of an Australian (or equivalent) degree qualification, or

• complete an approved tertiary preparation course/program without undertaking any further study,

will be assessed on the basis of an equivalent selection rank that is calculated upon application. Non school leavers must also meet any program specific requirements that are listed below.

 

International applicants

Applicants who complete a recognised secondary/senior secondary/post-secondary/tertiary sequence of study will be assessed on the basis of an equivalent selection rank that is calculated upon application. A list of commonly observed international qualifications and corresponding admission requirements can be found here. Applicants must also meet any program specific requirements that are listed below.

Diversity factors & English language proficiency 

As Australia's national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe. If required, competitive ranking may further be confirmed on the basis of demonstrating higher-level English language proficiency.

ATAR:
97
QLD Band:
3
International Baccalaureate:
39

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

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. Please note that Adjustment Factors vary and do not apply to a select few programs,  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
$45,864.00

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.

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.

Career Options

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.

Employment Opportunities

Career opportunities for Actuaries graduates include Actuary-Investment Analyst, Actuary-Fund Administrator/Investment Manager, Liability Consultant/Liabilities Manager and Actuarial Insurance Broker.

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

  8. Analyse and interpret specific business situations so that the correct actuarial and other techniques can be applied

  9. Utilise critical thinking to solve specific actuarial problems and communicate their results to a relevant audience

Inherent Requirements

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

Other Requirements

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

Further Information

Accreditation

The 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.

ANU Application deadline: 6th January 2020 (11:55pm Australian Eastern Daylight Time).

ANU Acceptance deadline: 29th Feb 2020

 

NUS Application deadline: 27th March 2020

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).

 

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.

Enrolment Status

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

We will contact you in February, regarding enrolments in ANU and NUS as well as application for accommodation at NUS.

Academic Advice

Please contact CBE Student Services in the ANU College of Business and Economics (info.cbe@anu.edu.au) regarding your enrolment in this program.





Do you want to talk to someone before enrolling?

Contact info.cbe@anu.edu.au

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