Bachelor of Actuarial Studies

About Actuarial Studies at UNSW 

UNSW Bachelor of Actuarial Studies is a three-year, full-time degree from UNSW Business School. Graduates are in high demand in actuarial science, data analytics and finance. Our degree is accredited by the Actuaries Institute and includes real-world experience and an optional specialisation to develop your future career as an actuary.

You can take part in internships or study opportunities worldwide and access industry networks and career mentors. You’ll develop a specialist quantitative skill set in actuarial models, financial mathematics, probability and statistics. Within three years you’ll be ready for a quantitative role in a range of industries including financial services, insurance and superannuation.

Your Specialisation

UNSW Business School ranks 1st worldwide for Risk and Actuarial research. Our degrees are shaped by industry leaders and world-class academics who recognise the future will present career opportunities that don’t exist today. You can complement your actuarial knowledge with a  specialisation from the following options.

Actuarial Major

Specialisations

Limited places are available for the Bachelor of Actuarial Studies (Co-op), a four year program that incorporates an annual scholarship, three internships and industry mentoring.

View Degree Structure

Books

The number of people working as Actuaries, Mathematicians and Statisticians (in their main job) is expected to grow over the next 5 years from 8,100 in 2018 to 8,700 by 2023. Source

Money

Most Actuaries work in Financial and Insurance Services; Professional, Scientific and Technical Services; and Education and Training. They earn around $2,060 per week, higher than the average of $1,460. Source

The Bachelor of Actuarial Studies provides a strong foundation for becoming an actuary or working within a related field. You can earn exemptions from the Actuaries Institute’s Foundation Program in Australia or VEE credit from the Society of Actuaries (USA).

You’ll build skills in developing actuarial models and understanding data analytics, probability, financial mathematics and statistics, among many others. Explore our excellent opportunities for internships with UNSW’s distinguished industry partners, and the scope to study or work overseas as part of your degree.

Actuaries evaluate and manage risk, by applying mathematical, statistical, and financial analysis across a wide range of industries, including insurance, superannuation, wealth management, data analytics, banking and finance. Graduates are in high demand in fields such as actuarial science, data analytics and finance.

Use Career Accelerator, a suite of professional development opportunities exclusive to UNSW Business School students, to access:

  • Global work and study experiences
  • Internships integrated with the degree for course credit
  • Career mentors and industry networks

UNSW supports start-ups, with more founders than any other Australian university and 300+ student clubs to find co-founders (and friends). We’re one of Asia-Pacific’s best business schools, with more than 90,000 alumni worldwide who could be connections to your future career.

Our graduates have exceptional employability rates, performing well above the national average. Most of our students are employed full-time within four months of graduating and earn a higher wage than most business and management graduates.

Relevant Roles

  • Actuarial Analyst
  • Asset Management Trainee
  • Business Consultant
  • Credit Analyst
  • Data Analyst
  • Insurance Analyst
  • Investment Banker
  • Risk Assessment Officer
  • Superannuation Adviser
  • Wealth Management Analyst

What Our Graduates Say

“Being able to model and analyse data is such a diverse tool and these skills can be transferred from predicting customer behaviour all the way to modelling the movement of participants in a welfare system.”

- Alisa Zheng, UNSW Bachelor of Actuarial Studies graduate

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