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undergraduate

Degree

Bachelor of Actuarial Studies

Course code: #3401

undergraduate

Degree

Bachelor of Actuarial Studies

Quick facts

  • Annual tuition (2022)

    $45,360 AUD

  • Application fee

    Free

  • Duration

    3 years

  • PSW

    3 years

  • Min GPA

    85 out of 100

  • CRICOS code

    028147F

Deadlines

Term start& deadline Deadline
Fall-February 22-December-2021 2021-12-22
Winter-July 15-May-2022 2022-05-15

Overview

Bachelor of Actuarial Studies

Are you a math whiz who wants stimulating work, limitless potential and an ever growing salary? 

This is the esteemed degree that will make you a thought leader in a wide variety of areas. With an ANU Bachelor of Actuarial Studies you can excel in your career literally anywhere in the world.

Risk is all around us - in investment markets, on the roads, from our health and the climate. This degree will teach you how to apply your mathematical talent in understanding, measuring and managing these risks.

Graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems facing the commercial world.

Learning Outcomes

  1. utilize 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 cash-flows dependent on death, survival, illness, retirement, and other contingencies
  7. apply risk modelling techniques across a variety of financial contexts

Estimate your cost

Residency
Count of person

$57,060

Total costs

yearly

Details


Cost of living 1 person $8,700
Accommodation 1 bed room $11,700
Tuition 1 person $45,360

Hourly wage

Min wage

23.23 AUD / 1 hour

in Australia every student can work 48 hour per fortnight

Required documents

  • Academic/Official Transcripts
  • Language Proficiency
  • Passport or Visa Documents
  • Work Experience Documents (If applicable)

Language requirements

GRE
not required
GMAT
not required

IELTS

6.5
6
listening
6
writing
6
speaking
6
reading

TOEFL

80
18
listening
20
writing
18
speaking
20
reading

PTE

64
55
listening
55
writing
55
speaking
55
reading

Cambridge

176
169
listening
169
writing
169
speaking
169
reading
Language pathway (conditional offer) is available

Duolingo test which must be taken and submitted after April 2020 for entry in Semester 1 2021, Semester 2 2021, and Semester 1 2022 only.

110 plus recorded interview with Initial View.115 or better for entry without recorded interview

The IELTS Indicator and TOEFL internet based test Home Edition will be accepted for entry in Semester 1 2021, Semester 2 2021 or Semester 1 2022 only.

ANU College programs deliver pathways to ANU designed to help you successfully transition to undergraduate or postgraduate study. 

Academic English Preparation
Academic English Preparation (AEP) is a 10-week program focused on English reading, writing, listening and speaking skills. 

AEP is designed to equip international students with skills and knowledge needed to live and work in Australia, and to successfully transition to other courses at ANUC. 

To enrol in AEP, you must have an IELTS of 5.0 (minimum 4.5 in each band) or an overall TOEFL IBT of 40 with a minimum of 12 in writing. 

Once enrolled, you must achieve a score of 60 per cent or more to successfully complete AEP. No additional IELTS is required to progress to Foundation Studies or ANU Access. 
ANU Access
ANU Access is a 10-week intensive program with a strong focus on academic English. 

To be eligible for ANU Access, you must have an overall IELTS of 6.0 (with no band less than 5.5) or an overall TOEFL IBT of 68 with a minimum of 18 in writing

A range of other English language tests are also accepted. Once you successfully complete the program you can enter your degree at ANU.


Academic background and requirement

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. 

Prerequisites

ACT: Specialist Mathematics (Major/Minor)/Specialist Methods(Major/Minor), 

NSW: Mathematics Extension 1. 

China:

Gaokao: NA

India:

Indian School Certificate ISC 9: 92%                             India AISSC 9 (best 4 subjects): 17

Foundation Studies 

Foundation Studies is for students who have not studied an Australian Year 12 curriculum. It has been designed to give you the right academic preparation for the ANU Bachelor degree you want to study. 

Compulsory courses include academic English, plus mathematics or research skills. You will receive about 20 hours of face-to-face class time per week. 

Over 90 per cent of Foundation Studies graduates receive an offer or conditional offer for an ANU Bachelor Degree. To be eligible for Foundation Studies, you must have completed an international equivalent to Australian Year 11.

Career opportunities

  • Investment analyst
  • Investment manager
  • Liability manager
  • Consultant
  • Data analyst
  • Senior manager

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