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
  • CRICOS code 036671G
  • Field of Education
    • Insurance and Actuarial Studie
  • Length 1 year full-time
  • Minimum 48 Units
Admission requirements
  • Academic plan HACTS
  • CRICOS code 036671G
  • Field of Education
    • Insurance and Actuarial Studie

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 Part II and Part III requirements of the Actuaries Institute.

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.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

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.

 

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) commencement will not be accepted.

Applications close by 30th November 2018 (11:55pm Australian Eastern Daylight Time).

Acceptance deadline
Applicants will be notified of the outcome for admission by early January 2019.  If you are successful in receiving an offer, the acceptance deadline is 31st January 2019.

Application materials
Applicants must provide complete documentation by 10th December 2018, including a certified (or coloured) copy of testamur and final transcript (except for ANU students). Applicants must also provide a copy of Statement of Purpose (SoP). Incomplete applications will not be considered. Applicants will have to defer their applications to the next available term.
Incomplete applications will not be considered. Applicants will have to defer their applications to the next available term.

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 do not apply to 1 year honours programs. They do not apply to this program.

Commonwealth Supported Place (CSP)

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

Annual indicative fee for international students
$43,680.00

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.

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

ACST4033 Investement and Asset Modelling

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.

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