Master of Commerce (Extension)
The University of New South Wales (UNSW), located in Sydney, Australia, offers a Master...
Bachelor of Actuarial Studies and Bachelor of Commerce
Kensington
INTAKE: Feb, May & Sep
Program Overview
The Bachelor of Actuarial Studies and Bachelor of Commerce program at UNSW is designed to provide students with a comprehensive understanding of actuarial science and business principles. This dual-degree program combines rigorous training in mathematics, statistics, risk management, and actuarial modeling with core business disciplines such as accounting, finance, economics, and management. It prepares graduates for careers in actuarial science, finance, consulting, and related fields.
Curriculum: The curriculum is structured to integrate foundational courses from both the actuarial studies and commerce disciplines. Actuarial studies courses typically cover topics such as probability theory, financial mathematics, life contingencies, and risk modeling. Commerce courses include accounting principles, corporate finance, business law, economics, and strategic management. Students also have the flexibility to choose elective courses to tailor their studies according to their career interests.
Research Focus: UNSW emphasizes a research-focused approach within the Bachelor of Actuarial Studies and Bachelor of Commerce program. Students have opportunities to engage in research projects that explore actuarial modeling techniques, financial risk assessment, economic forecasting, and business analytics. Faculty members actively contribute to research in areas such as quantitative finance, insurance analytics, and economic policy analysis, enriching students' academic experience with practical insights and advanced methodologies.
Industry Engagement: The university fosters strong connections with industry partners, offering students opportunities for internships, industry placements, and professional networking events. Industry experts often contribute to the curriculum through guest lectures, workshops, and collaborative projects. This industry engagement ensures that graduates gain practical skills and industry-relevant knowledge, making them well-prepared for roles in actuarial firms, financial institutions, consulting companies, and government agencies.
Global Perspective: UNSW promotes a global perspective in the Bachelor of Actuarial Studies and Bachelor of Commerce program, preparing students to navigate global business environments and international financial markets. The curriculum includes global case studies, cross-cultural management strategies, and comparative analyses of regulatory frameworks. Students are encouraged to participate in international exchange programs, study abroad opportunities, or global research initiatives, 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 and Bachelor of Commerce program are highly sought after for their dual expertise in actuarial science and business principles. They find employment across various sectors, including finance, insurance, consulting, and government.
Actuarial Analyst: Graduates often begin their careers as actuarial analysts in insurance companies, financial institutions, or consulting firms. They analyze data, assess financial risks, and develop models to help organizations make informed decisions on insurance pricing, investment strategies, and risk management.
Risk Manager: Graduates can work as risk managers in banks, corporate firms, or government agencies, identifying potential risks, evaluating their impact, and implementing strategies to mitigate financial, operational, or strategic risks.
Investment Analyst: With their strong quantitative skills, graduates can pursue careers as investment analysts or portfolio managers. They analyze financial data, evaluate investment opportunities, and provide recommendations on asset allocation and investment strategies.
Financial Consultant: Graduates may work as financial consultants or advisors, providing advice to individuals, businesses, or government entities on financial planning, tax strategies, retirement planning, and investment management.
Management Consultant: Graduates can work in consulting firms, advising organizations on strategic planning, operational efficiency, and financial performance improvement. They apply their analytical skills to solve complex business problems and drive organizational change.
Corporate Finance Analyst: Graduates can specialize in corporate finance roles, analyzing financial statements, conducting financial modeling, and evaluating capital budgeting decisions for corporations.
Insurance Underwriter: Graduates with a focus on actuarial studies can work as insurance underwriters, assessing insurance applications, determining coverage levels, and setting insurance premiums based on risk assessments and actuarial principles.
Data Analyst: Graduates with expertise in business analytics can work as data analysts or business intelligence analysts, interpreting data, identifying trends, and providing insights to support strategic decision-making in organizations.
Government Policy Analyst: Graduates may work in government departments or regulatory bodies, analyzing economic data, evaluating policy impacts, and providing recommendations on public policy issues related to finance, insurance, or economic development.
Entrepreneurship: Graduates with entrepreneurial ambitions can start their own businesses or consulting practices, offering specialized services in financial risk management, business analytics, or strategic consulting.
