Actuaries play a vital role in strategic planning and financial management in the financial services, insurance and superannuation industries.

 

Faculty
UNSW Business School
Award
Bachelor of Science, Bachelor of Actuarial Studies
Commencing Terms
Term 1, Term 2, Term 3
Duration (Full Time)
4 Year(s)

Actuaries play a vital role in strategic planning and financial management in the financial services, insurance and superannuation industries. Stand out in the finance field by combining essential quantitative and modelling skills from Actuarial Studies with methodological insights from Science. This degree provides a solid foundation to enter the actuarial profession through studies in mathematics, statistics, accounting, economics, finance, demographics, analytics and modelling.

With more than 20 majors to choose from, the Science component offers a wide range of possibilities. Fields of study include bioinformatics, chemistry, food science, marine science, mathematics, pharmacology, psychology and statistics. You can enhance your learning experience with our overseas exchange and global practicum program.

Why study this degree at UNSW?

This degree is suitable for those who are interested in combining their interest in mathematics and analysis with sought after business accumen.

You'll have the flexibility to specialise and focus on special areas of interest, career paths or individual strengths. Gain the technical and specialist skills needed to pursue the role of an actuarial analyst in addition to the strong methodological skills acquired through the science degree.

 

Program Code
3154
CRICOS Code
080474C
UAC Code
424350
Total Units of Credit (UOC)
192
Indicative Enrolments
120

Want to see more from UNSW Business School?

Entry to this degree is based on your Australian Tertiary Admission Rank (ATAR) or an equivalent rank 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

 

2021 Lowest Selection Rank
95
2021 A levels
18
2021 IB Diploma
37
2021 Lowest ATAR
88
    1. 2021 Lowest Selection Rank
      The 2021 Lowest Selection Rank (LSR) is the adjusted rank (ATAR plus adjustment factors) you would have needed to gain entry to this degree in 2021.
    2. 2021 A levels
      The 2021 A levels score is based on four Advanced Level (A2) subject. Entry scores are calculated from the best three or four A2 subjects (excluding repeated subjects) using the following values: A*=6, A=5, B=4, C=3, D=2, E=1. At most one Applied A Level subject may be included in the best four subjects used to calculate the aggregate.
    3. 2021 IB Diploma
      The 2021 IB Diploma is an indication of the IB you would have needed to gain entry to this degree in 2021. It is to be used as a guide only.
    4. 2021 Lowest ATAR
      The 2021 Lowest ATAR is the lowest ATAR (before adjustment factors were applied) to which an offer was made. Where <5 is listed, this indicates that less than 5 ATAR-based offers were made and so the score has not been published. N/A indicates no offers were made on the basis of ATAR.

Assumed knowledge

Mathematics Extension 1. For Bachelor of Science: Chemistry, Mathematics Advanced or Mathematics Extension 1 (depending on area of study) plus one or more Biology, Earth and Environmental Science, Physics.

Alternative entry pathways

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.

English language requirements​

 

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.

We do not accept secondary qualifications from this country. We may accept tertiary study results, please contact us for more information.

Please contact us for direct entry requirements.

Pathway programs

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.

English language requirements​


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 English is not your first language, you’ll need to provide proof of your English proficiency before you can be given an offer to study at UNSW. You can do 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 Bachelor of Actuarial Studies component of this degree involves completing 16 courses, including Level 1 and Level 2 core courses, and Actuarial and Business electives. You can choose to specialise in Actuarial Risk Management and Analytics, or Quantitative Data Science.

The Bachelor of Science component of this degree also involves completing 16 courses. The majors available from the Faculty of Science are incredibly broad - choose from Statistics, Bioinformatics, Psychology and Food Science, just to name a few. 

For current and detailed course information, visit the Actuarial Studies / Science Handbook

Study areas

UNSW Business School's Career Accelerator portfolio offers students exclusive access to a suite of for-credit, co-curricular and business experience opportunities to kick start your career.

Potential careers

  • Actuarial/forecasting/data analyst
  • Business consultant
  • Clinical research associate
  • Quality assurance officer
  • Research scientist
  • Statistical research analyst
  • Statistician

Accreditation

You can gain exemption from the Foundation Program of the Actuaries Institute professional examinations, the Core Principles courses of the Institute and Faculty of Actuaries (UK) professional examinations and the Validation by Educational Experience (VEE) credit for the Society of Actuaries (USA) and Casualty Actuarial Society (USA), by achieving the required academic standard in the professionally accredited courses in their Actuarial Studies program.

Similarly, some students (esp. Actuarial Studies (Co-op) students and double degree students) may also be eligible to gain exemption from the university accreditation components of the Associate Program of the Actuaries Institute professional examinations.

Applications for undergraduate study from domestic students (Australian citizens, Australian permanent residents, Australian permanent humanitarian visa holders and New Zealand citizens) are processed by the Universities Admissions Centre (UAC).

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.

Ready to apply?

For most international students, applications are submitted via our Apply Online service. We encourage you to submit your completed application as early as possible to ensure it will be processed in time for your preferred term.

Some high-demand programs with limited places, may have an earlier application deadline or may have an earlier commencement date. For more information visit our international applicant information page.

*If you are an international student studying an Australian qualification, go to the Universities Admission Centre (UAC) for application and UAC key dates. Note: If you are under 18 years of age, you need to make special arrangements. Read more.

Ready to apply?

2021 Indicative First Year Fee
$11,225*

Commonwealth Supported Place multiple Student Contribution Bands may apply for this double degree. See single degrees for the applicable fee bands.

*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.

2021 Indicative First Year Fee
$46,320*
2021 Indicative Fee to Complete Degree
$194,080*

*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.

 

Scholarships

Our scholarships help you achieve your potential and enhance the experience of individuals who might otherwise struggle financially to maintain a place at university. The scholarships reward excellence, and encourage international mobility, diversity and equity.

Featured scholarship

Alumni Leaders Scholarship in Business
This scholarship supports people from a disadvantaged background to begin undergraduate studies at UNSW Business School. Explore the full range of UNSW Business School domestic scholarships.

 

Featured scholarship

UNSW Business School International Scholarship
This scholarship supports international undergraduate and postgraduate coursework students who are commencing full-time study at UNSW. Explore the full range of UNSW Business School international scholarships.


  • Top 50
    Worldwide

    QS World University Rankings, 2020.

  • Most
    Employable Graduates

    AFR Top 100 Future leaders Award.

  • Leading
    Innovation

    #1 Australian uni attended by start-up founders.

The learning culture at UNSW, which challenges the status quo, helped set me apart from others.
Alumni, Harry Goldberg

Harry Goldberg

Founder

Still curious?

Let us know what information you'd like.

Thank you! 

We will be in touch soon!

Oops!

There was an error but we're working on it!