Co-op Scholarships

A Co-op Scholarship degree is a scholarship program that combines a single degree alongside multiple relevant industry placements (15-18 months in total). At UNSW School of Risk and Actuarial Studies, we offer the Bachelor of Actuarial Studies (Co-op), which allows you to apply your university skills and knowledge from the onset of your career. 

Together with major employers in the financial services industry, we have developed undergraduate education which is: 

  • Targeted at high-achieving school leavers, who are selected based on their character, motivation and leadership potential, as well as their academic achievement 
  • Offers an integrated sequence of academic studies and industrial training, which is jointly designed and overseen by university academics and employers 
  • Requires students to work with different industry sponsors 
  • Provides a tax-free scholarship, which helps to serve as a living allowance during both the academic and industry phases of the program  
  • A four-year degree, including a major in Actuarial Studies 
  • Industrial training with sponsoring organisations 
  • Majors or minors in other commerce disciplines 
  • Covers the new actuarial professional syllabus 

Participant Obligations 

After graduation there is no formal obligation for Co-op scholars to seek employment with any of the sponsoring companies. 

Likewise, there is no obligation for sponsoring companies to offer employment. However, employers recognise that the scholarship is designed to produce the kind of graduates they are keen to attract for challenging positions in their organisations. It is expected that students will initially consider employment with a sponsor organisation. 

Industry Training 

Each industry training placement is designed as a structured learning experience, which also complements academic studies. As a result, learning within academic studies should be accelerated and theoretical subjects will be enhanced with practical insights.

The industry training placements are designed and monitored by university and employer committees. During the training placements, students are expected to conform to professional standards of performance, dress and business hours.

Students can expect to work for three different business sponsors in the industry training placements. Contact with all sponsors of the Co-op course will be possible over the four-year program through company visits, guest lectures and social events.

"The UNSW Co-op Program closely aligns with EY purpose and values. Integrating scholars into our workplace allows them to experience high-performing team members who demonstrate integrity, respect, and teaming. The scholars are similarly high-performing, with energy, enthusiasm, and the courage to lead their peers. The scholars have the opportunity to build relationships based on doing the right thing, which helps to build a better working world."

Dave Millar – Director, EY

The list of companies below details all current sponsors of the Co-op Scholarships degree.

  • Allianz 
  • Australian Prudential Regulation Authority (APRA) 
  • Aware Super
  • Ernst & Young
  • Finity Consulting 
  • icare NSW
  • KPMG
  • MetLife Australia
  • National Disability Insurance Scheme (NDIS)
  • PricewaterhouseCoopers 
  • Suncorp Group 
  • TAL
  • Toyota Financial Services
  • Swiss Re

Admission to the Actuarial Studies Course 

Students must submit both an application for admission to, and satisfy entry requirements, for the Bachelor of Commerce Pass degree of the UNSW Business School, and also to the University for admission into the Actuarial Studies Co-op Scholarship. Successful Actuarial Studies applicants should: 

  • Normally expect to be in the top 5% of high school students in academic results and should also satisfy the entrance requirement to Commerce at UNSW 
  • Have a strong ability and interest in mathematics and its application to business, and perform very well in mathematics normally at four-unit level 
  • Have an ability to communicate and perform well in high school English subjects 
  • Have a strong interest in a professional business degree 
  • Be permanent residents of Australia