Master of Commerce (Extension)
The University of New South Wales (UNSW), located in Sydney, Australia, offers a Master...
Bachelor of Actuarial Studies
Kensington
INTAKE: Feb, May & Sep
Program Overview
The Bachelor of Actuarial Studies program at UNSW is designed to prepare students for careers in actuarial science, equipping them with analytical, statistical, and business skills essential for managing financial risks in various industries. This program blends theoretical knowledge with practical applications, providing a solid foundation in mathematics, statistics, finance, economics, and business.
Curriculum: The curriculum covers core subjects such as probability theory, financial mathematics, statistics, risk management, and actuarial modeling. Students also study business and economics courses to develop a comprehensive understanding of financial markets, investments, and corporate finance. The program integrates practical components such as industry placements, case studies, and projects to enhance students' problem-solving abilities and decision-making skills.
Research Focus: UNSW emphasizes a research-focused approach within the Bachelor of Actuarial Studies program. Students have opportunities to engage in research projects that explore actuarial modeling, risk assessment methodologies, financial forecasting, and data analytics. Faculty members actively contribute to research in areas such as insurance analytics, pension economics, and quantitative finance, enriching students' learning experience with cutting-edge insights.
Industry Engagement: The university maintains strong connections with industry partners, offering students opportunities for internships, professional placements, and networking events. Industry professionals often contribute to the curriculum through guest lectures, workshops, and collaborative projects. This industry engagement ensures that graduates are equipped with practical skills and industry-relevant knowledge sought after by employers in insurance companies, financial institutions, consulting firms, and government agencies.
Global Perspective: UNSW promotes a global perspective in the Bachelor of Actuarial Studies program, encouraging students to understand the international dimensions of actuarial practice and financial markets. The curriculum includes global case studies, cross-border regulatory frameworks, and comparative analyses of insurance markets worldwide. Students are encouraged to participate in international exchange programs or study abroad opportunities, broadening their cultural understanding and global network.
Location
Kensington
Score
IELTS 7
Tuition Fee
AUD 52000
Undergraduate Entry Requirements
Application Fee: AUD $150
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 75% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.5 or 7.0 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 94 with a minimum of 23 in each section.
- PTE (Pearson Test of English): Overall score of 64 with a minimum of 54 in each section.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
UNSW offers a variety of scholarships to attract and assist international students.
Merit-Based Scholarships: UNSW offers merit-based scholarships to international students with exceptional academic achievements. These scholarships recognize academic excellence and provide financial support to cover tuition fees or living expenses.
Country-Specific Scholarships: Some scholarships are tailored for students from specific countries or regions. These scholarships aim to promote diversity and cultural exchange among international students.
Faculty/Program Scholarships: Certain faculties or academic programs at UNSW offer scholarships to attract outstanding international students interested in specific fields of study. These scholarships may cover tuition fees or provide research opportunities.
Sports and Arts Scholarships: UNSW acknowledges the talents and achievements of international students in sports and the arts. Scholarships in these categories may be available to support students with exceptional abilities.
Graduates from UNSW's Bachelor of Actuarial Studies program are highly sought after for their analytical skills, financial expertise, and ability to manage risk.
Actuarial Analyst: Graduates often start their careers as actuarial analysts, working in insurance companies, pension funds, or financial services firms. They analyze statistical data, assess financial risks, and develop models to help organizations make informed decisions about insurance premiums, investments, and business strategies.
Risk Manager: Graduates can work as risk managers in financial institutions, corporations, or government agencies. They identify potential risks, evaluate their impact, and implement strategies to mitigate financial, operational, or strategic risks faced by organizations.
Investment Analyst: With their strong quantitative skills, graduates can pursue careers as investment analysts or portfolio managers. They conduct financial analysis, evaluate investment opportunities, and make recommendations on asset allocation and investment strategies.
Financial Consultant: Graduates may work as financial consultants or advisors, providing expert advice to individuals, businesses, or governments on financial planning, retirement savings, insurance needs, and investment strategies.
Insurance Underwriter: Graduates can work as insurance underwriters, assessing insurance applications, determining coverage levels, and pricing insurance policies based on risk analysis and actuarial principles.
Data Analyst: Graduates with a focus on data analytics can work in roles such as data scientists or business analysts, applying their analytical skills to extract insights from large datasets and inform strategic decision-making.
Consultant in Actuarial Consulting Firms: Graduates can join actuarial consulting firms, where they advise clients on risk management, pension schemes, employee benefits, and regulatory compliance.
Government Actuary: Graduates may work in government departments or regulatory bodies, providing expertise in areas such as social security programs, public sector pensions, healthcare financing, and insurance regulation.
Academic or Researcher: Some graduates pursue advanced studies in actuarial science or related fields and pursue careers in academia, conducting research and teaching at universities or research institutions.
Entrepreneurship: Graduates with entrepreneurial ambitions can establish their own consulting firms, financial advisory services, or start-ups focused on risk management, insurance solutions, or financial analytics.
