Bachelor of Actuarial Science and Master of Actuarial Studies
B6060BActSci/MActSt
- Credit points
- 192
- Duration
- 4 yr full-time
- Qualification
- Level 7 - Bachelor Degree / Level 9 - Master's Degree (Coursework)
- Faculty
- Faculty of Business and Economics
- Campus
- Clayton
This course will prepare you for a career as an actuary. To provide professional actuarial advice in Australia, and in most other developed countries, you must become a Fellow of the actuarial profession. This involves developing basic technical skills, learning how to apply these skills in a general setting, developing deep specialist knowledge and completing several years of work experience. This double degree will allow you to complete the Foundation Program and the university component of the Actuary Program under the Accreditation Agreement with the Actuaries Institute and is designed for getting the maximum number of exemptions within the shortest time. You will have the opportunity to gain industry-based experience as part of the specialisations in the bachelor component of this course: Actuarial studies and Actuarial analytics. You will be able to seek employment in international finance and business fields dealing with life, general or health insurance, superannuation, risk management and financial consulting. Many actuaries and actuarial graduates work on investment operations for asset managers, brokers and banks. There are a range of government-related jobs in regulatory control, workers' compensation, education and others. Some actuaries work with large companies on long-term strategic planning.
Structure
You must complete units as specified in Parts A, B, C and D (144 credit points). In choosing your units, you must ensure that you complete no more than 10 units (60 credit points) at Level 1 and at least six units (36 credit points) at Level 3, including four units (24 credit points) at Level 3 offered by the Faculty of Business and Economics. Some majors, minors and specialisations include the same units. Where this occurs, up to 12 credit points may be shared between - two majors; or - a major and a minor; or - a specialisation and a major or minor. Note: Units can only count toward one minor. They cannot be shared across multiple minors.