Undergraduate

There are many attractive career opportunities for fully qualified actuaries in Australia. Some of the job titles associated with actuarial studies are listed below:Investment analyst A financial expert trained to analyse the activities and future prospects and earnings of companies and securities for the purpose of investment.Fund administrator/investment manager A person employed by an organisation that specialises in the investment of a portfolio of securities on behalf of individuals and/or organisations subject to the guidelines and directions of the investor.Liability manager A professional person engaged by holders of liabilities, such as banks or industry superannuation funds, to advise on appropriate payment strategies and organisational structures to meet a stream of obligations.Actuarial insurance broker An independent agent who values life, fire, accident and other forms of insurance for a range of insurance companies.Consultant Offer their professional services for a fee, provide a wide range of services, including; advice on financial decisions, independent valuations, design of insurance funds, and future financial planning strategies.Senior manager In addition to the roles described above, many actuaries successfully move into high-level administrative and management positions. Their broad training reflects the strong interdisciplinary nature of the actuarial profession, which mixes the need for strong theoretical skills with the need for sound practical intuition. <a href="http://www.actuaries.asn.au/"></a>

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Typical Full-time Program PatternMeeting IAA Part I and II requirements <table border="1" cellspacing="0" cellpadding="0"><tbody><tr valign="top"><td> </td><td>First semester</td><td>Second semester</td></tr><tr valign="top"><td>Year 1 (48 units)</td><td>BUSN1001 Business Reporting and Analysis ECON1101 Microeconomics 1 MATH1115 Mathematics and Applications 1 Honours FINM1001 Money, Markets and Finance</td><td>FINM2001 Corporate Finance ECON1102 Macroeconomics 1 STAT1008 Quantitative Research Methods* Elective (6 units)</td></tr><tr valign="top"><td>Year 2 (48 units)</td><td>STAT2001 Introdcutory Mathematical Statistics STAT2008 Regression Modelling STAT2032 Financial Mathematics Elective (6u)</td><td>ECON2102 Macroeconomics 2 FINM2002 Financial Instruments and Risk Management STAT3004 Stochastic Modelling STAT3032 Survival Models</td></tr><tr valign="top"><td>Year 3 (48 units)</td><td>FINM3001 Investments FINM3003 Continuous Time Finance STAT3035 Risk Theory STAT3037 Life Contingencies </td><td>STAT3036 Credibility Theory STAT3038 Actuarial Techniques Elective (6u) Elective (6u)</td></tr><tr valign="top"><td>Year 4 Honours (48 units)</td><td>ACST4004F Actuarial Studies IV Honours</td><td>ACST4004F Actuarial Studies IV Honours</td></tr></tbody></table>   * STAT1008 is not compulsory; however, if it is not taken, then STAT2008 and STAT3032 must be moved to third-year (and FINM3001 to second-year).

Students may proceed to the fourth honours year in Actuarial Studies. Entry to the honours year program is subject to an appropriately high average grade (generally distinction level or above) in the 3000-level compulsory subjects described in the course listings and requires the approval of College. Other conditions may also apply. Students who are interested in the honours program should seek further advice from the Convenor of the Actuarial Program in the School of Finance and Applied Statistics.

2356 The degree Bachelor of Actuarial studies is offered through the School of Finance and Applied Statistics. Up to fifteen of the twenty-four courses in the three-year pass degree may be accepted by the Institute of Actuaries of Australia to give exemption from the eight Part I subjects of the examinations for Fellowship of the Institute. Although a three-year pass degree leading to the Bachelor of Actuarial Studies is available, completion of Part II subjects examined by the Institute can only be obtained by completing the four-year degree leading to the Bachelor of Actuarial Studies (Honours) or by separate postgraduate study. The program is highly prescribed. Interested students should consult the Convener of the Actuarial Program or the College of Business and Economics.

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Bachelor of Actuarial Studies

ACT: Advanced Mathematics Extended major/minor at least 160 (recommended – Advanced Mathematics Extended double major) NSW: HSC Mathematics Extension 1 with a minimum performance band of E3 QLD: Mathematics B and Mathematics C, with a grade of 'H' in each SA/NT: Mathematics 1 (Double) and Mathematics 2 with a score of at least 15/20 in both subjects TAS: Mathematics Stage 2 and Mathematics Stage 3 with a score of at least 15/20 in both subjects VIC: Mathematical Methods 3&4 and Specialist Mathematics 3/4 with at least 36/50 in each subject WA: Applicable Mathematics and Calculus with a score of at least 72/100 IB: Mathematics (HL) with at least 6

The Bachelor of Actuarial Studies degree requires completion of 144 units including:<ol><li>At least 96 units taken from courses listed in <a href="http://studyat.anu.edu.au/_cbe_schedule_1.html" target="_blank">Schedule 1</a> </li><li>Not more than 48 units at 1000 level </li><li>The following compulsory courses: </li></ol>            a.         ECON1101 – Microeconomics 1            b.         ECON1102 – Macroeconomics 1                        OR                        ECON1100 – Economics 1 (H)            c.         ECON2102/[2112|ECON2112] – Macroeconomics 2 [(P)/(H)]                        d.         BUSN1001 – Business Reporting and Analysis                        e.         The professional courses consisting of:                                             i.           STAT2032 – Financial Mathematics                        ii.          STAT3032 – Survival Models                        iii.          STAT3035 – Risk Theory                        iv.         STAT3036 – Credibility Theory                        v.          STAT3037 – Life Contingencies                        vi.         STAT3038 – Actuarial Techniques            f.         The following courses:<blockquote dir="ltr"><blockquote dir="ltr"><blockquote dir="ltr">i.           STAT2001 – Introductory Mathematical Statisticsii.          STAT2008 – Regression Modellingiii.          STAT3004 – Stochastic Modelling</blockquote></blockquote></blockquote>

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