Bachelor of Actuarial Studies (Co-op)
For Domestic Students only
For Domestic Students only
Make a professional impact helping businesses, governments, not-for-profit organisations and individuals to make critical decisions for the future. Gain financial support, personal mentoring, and up to 18 months of industry experience with a Co-op scholarship.
By measuring and managing risk, actuaries help businesses, governments, not-for-profit organisations and individuals make critical decisions for the future.
The Bachelor of Actuarial Studies (Co-op) at UNSW is accredited by the Actuaries Institute. It emphasises real-world experience from the outset, and gives you the opportunity to choose a specialisation, developing an area of expertise for your career. You’ll gain a specialist quantitative skill set in actuarial models, financial mathematics, probability and statistics.
UNSW's Co-op Program offers unique opportunities through financial support, personal mentoring, leadership training and up to three work placements with our global industry partners.
The Co-op Program provides a scholarship of $19,600 per year for four years (and it’s tax-free).
Work experience included
Complete up to three internships, a total of 18 months industry training. You’ll trial working at our Co-op Program sponsor organisations, which include leading global organisations like EY, KPMG and PwC.
Personal career mentoring
For your first work placement, you’ll be assigned a Co-op Program graduate to guide you and help your decision-making.
Build professional development and leadership skills through challenging, practical and social camps and interactive workshops.
Optional second major
You can choose to build knowledge in a second business subject, which will support and complement your actuarial knowledge while broadening your career opportunities.
Learn from industry leaders
Our courses are taught by world-leading academic staff and industry practitioners to ensure a balanced development of skills.
UNSW Business School is a global leader in business education and consistently ranks as one of Australia's top business schools. We’re currently ranked #1 worldwide in risk management, insurance, and actuarial research with strengths in population ageing, risk and capital.*
Alongside a rigorous education, you'll grow professionally and socially through the UNSW Co-op Program’s scholarship, work placements with leading global organisations, personal mentoring and leadership training.
*2021 UNL Global Research Rankings of Actuarial Science and Risk Management & Insurance.
The Bachelor of Actuarial Studies (Co-op) features sponsored professional development and has limited places available. In addition to meeting the required ATAR (or equivalent), you’ll need to respond to a questionnaire and sit for an interview with UNSW Co-op Program.
ATAR equivalent ranks are derived from the following:
Australian interstate Year 12 qualifications (e.g., OP rank)
New Zealand NCEA Level 3
Equivalent overseas qualifications e.g., International Baccalaureate (IB) Diploma, GCE A-Levels
Post-secondary or tertiary qualifications
An alternative entry qualification
Mathematics Extension 1
If you did not meet the entry cut-off for this degree, consider studying a different undergraduate degree (either at UNSW or another university). Aim to achieve good marks for your first year of study, and then apply for transfer into this degree. Visit UNSW Future Students to find out what other options may be available.
You may be asked to provide evidence of your English proficiency to study at UNSW depending on your educational background and citizenship. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.
If you’re completing an Australian Year 12 qualification (e.g. NSW HSC or equivalent), you do not need to provide anything extra to prove your proficiency. Your qualification will be used as evidence of your English proficiency.
If you do need to provide evidence of your English proficiency, this will be indicated in your application. You can prove this by providing evidence that you meet one or more of the following criteria:
UNSW Global offers courses and programs designed to help you reach the English language level required for entry into your chosen degree. Different options are available depending on your current English language level. Learn more.
The pathways to study at UNSW Business School include UNSW Foundation studies and our Diploma of Business, which offers a direct pathway to the second year of UNSW’s Bachelor of Commerce. Visit UNSW Global for more information.
The UNSW English Language Requirements apply for this degree.
The Bachelor of Actuarial Studies (Co-op) is a four year program consisting of 26 courses and three industry placements (worth 192 Units of Credit/UOC) and personal career mentoring.
The program includes:
Actuarial core courses
An optional second major and/or elective courses
General education courses
Professional development courses and experiences:
Industry training – you’ll complete three work placements with our Co-op Program sponsor organisations.
Personal career mentoring – for your first work placement, you’ll be assigned a Co-op Program graduate to guide you and help your decision-making.
Leadership training – build professional development and leadership skills through challenging, practical and social camps and interactive workshops.
Global work/study opportunities - you can participate in an international student exchange, international business case competitions and study tours.
Some courses need to be studied in your first and second year, so you’re prepared for courses that can only be studied in later years. Your study options are full-time or part-time. Each university year has three terms and an optional summer study period. Depending on how you plan your study load, you can fit two or three courses into a term and one course in a summer term.
Below is an example of what you could study in four years full-time.
6 Level 1 core courses
2 General education courses
2 Level 1 core courses
3 Level 2 core courses
Industry Placement 1 with personal mentoring
Industry Placement 2
3 Level 3 core courses
4 Elective or optional second major courses
Industry Placement 3
2 Level 3 core courses
4 Elective or optional second major courses
For a three-year, non-scholarship degree, visit the Bachelor of Actuarial Studies.
Actuaries have diverse career prospects. You'll graduate with skills, experiece and expertise that will put you in high-demand with a range of employers, including life and general insurance companies, banks, fund managers, actuarial and management consulting firms.
Your exclusive access to internships with industry-leading Co-op Program sponsor organisations, offers the opportunity to kick-start your career as you study.
This degree is accredited by the Institute of Actuaries of Australia and relevant courses are approved for VEE by the Society of Actuaries (SOA) in the USA.
It's unusual to study a double degree while participating in the Co-op Program, but not impossible. Discuss your options with a member of the Co-op team if you can:
(Please note, the Bachelor of Laws is already a double degree program and cannot be added as a second degree to the Co-op study plan.)
Domestic students are Australian citizens, Australian permanent residents, Australian permanent humanitarian visa holders and New Zealand citizens. If this is you, apply through the Universities Admissions Centre (UAC) as normal and also directly with the UNSW Co-op Program.
Co-op Program application
Your application to the UNSW Co-op Program will include a questionnaire and interview. Make sure you apply with the UNSW Co-op Program by 30 September the year before you want to start university. If successful, you’ll be awarded a Co-op scholarship, making you eligible for the degree.
Visit the Apply section of the UAC website and you can nominate up to five degrees in order of preference, with the first being your most desired degree and university.
On-time applications for admission usually close at the end of September each year for Term 1 admission. Late applications can be submitted, but a late fee will apply. For study starting in Term 1, the majority of offers are made in December and January.
Visit the UAC website for key dates for admission outside of Term 1.
This scholarship program is only available to domestic students, who are Australian citizens, Australian permanent residents, Australian permanent humanitarian visa holders and New Zealand citizens.
*The student contribution for a Commonwealth Supported Place is an indication only of the amount payable in Year 1 based on a standard full-time load of 48 credit points (1.0 EFTSL). The actual student contribution you will be liable for depends on your individual program of study and the calendar year in which you enrol. Actual fees are calculated upon enrolment.
Student contribution amounts are subject to annual review by the University and may increase each year during your studies (subject to caps determined by the Australian Government), effective at the start of each calendar year.
The indicative fees listed here are based on an estimated average and are for tuition only other fees and charges are not included.
Fees are subject to annual review by the University and may increase annually, with the new fees effective from the start of each calendar year. The indicative fees listed here are based on an estimated average and are for tuition only other fees and charges are not included. The amount you pay will vary depending on the calendar year to enrol, the courses you select and whether your study load is more or less than 1 Equivalent Full Time Student Load (8 courses per year).
Indicative fees are a guide for comparison only based on current conditions and available data. You should not rely on indicative fees. More information on fees can be found at the UNSW fees website.
Indicative fees to complete the program have been calculated based on a percentage increase for every year of the program. Fee increases are assessed annually and may exceed the indicative figures listed below.
Indicative fees to complete the program include tuition plus an estimate of study-related costs of approximately $1,000 per year. To find out more about other costs, visit UNSW International.
The Co-op Program is a scholarship that is open to high achieving high school leavers. The scholarship is A$19,600 each year for four years. The scholarship is tax-free and paid fortnightly over the duration of the program. You may still be eligible to apply for additional scholarships.
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QS World University Rankings, 2020.
AFR Top 100 Future leaders Award.
#1 Australian uni attended by start-up founders.
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