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 Economics
Kensington
INTAKE: Feb, May & Sep
Program Overview
The Bachelor of Actuarial Studies and Bachelor of Economics program at UNSW combines specialized training in actuarial science with a comprehensive understanding of economics. This dual-degree program is designed to equip students with analytical, quantitative, and economic skills necessary for careers in finance, insurance, consulting, government, and beyond. It integrates theoretical foundations with practical applications to prepare graduates for dynamic roles in the global economy.
Curriculum: The curriculum offers a blend of core courses from both the actuarial studies and economics disciplines. Actuarial studies courses typically cover topics such as probability theory, financial mathematics, risk management, and actuarial modeling. Economics courses include microeconomics, macroeconomics, econometrics, economic policy, and international economics. Students also have opportunities to choose elective courses based on their interests and career goals.
Research Focus: UNSW emphasizes a research-focused approach within the Bachelor of Actuarial Studies and Bachelor of Economics program. Students have opportunities to engage in research projects that explore actuarial modeling, economic forecasting, financial markets analysis, and policy evaluation. Faculty members actively contribute to research in areas such as quantitative finance, economic development, public policy, and global economic trends, enriching students' learning experience with cutting-edge insights and methodologies.
Industry Engagement: The university maintains strong connections with industry partners, offering students opportunities for internships, industry placements, and collaborative projects. Industry professionals often contribute to the curriculum through guest lectures, workshops, and case studies. This industry engagement ensures that graduates gain practical skills and industry-relevant knowledge, making them well-prepared for roles in financial institutions, government agencies, consulting firms, and multinational corporations.
Global Perspective: UNSW promotes a global perspective in the Bachelor of Actuarial Studies and Bachelor of Economics program, preparing students to understand and navigate the complexities of the global economy. The curriculum includes global case studies, cross-cultural economic analyses, and discussions on international economic policies and regulations. Students are encouraged to participate in international exchange programs, study abroad opportunities, or global research initiatives to broaden their perspectives and enhance their global competencies.
Location
Kensington
Score
IELTS 7
Tuition Fee
AUD 51500
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 Economics program possess a unique blend of skills in actuarial science, economics, and quantitative analysis. They are well-equipped to pursue diverse career paths in finance, insurance, consulting, government, and beyond.
Actuarial Analyst: Graduates can work as actuarial analysts in insurance companies, financial institutions, or consulting firms. They use their skills in risk assessment, financial modeling, and statistical analysis to determine insurance premiums, manage financial risks, and provide strategic advice on investments.
Economic Analyst: Graduates may pursue careers as economic analysts or research analysts, working for government agencies, think tanks, or economic research firms. They analyze economic data, evaluate trends, and forecast economic conditions to inform policy decisions or business strategies.
Investment Analyst: With their strong analytical skills, graduates can work as investment analysts or portfolio managers in asset management firms, pension funds, or banks. They conduct financial analysis, assess investment opportunities, and make recommendations on asset allocation.
Financial Consultant: Graduates can work as financial consultants or advisors, providing expertise on financial planning, tax strategies, retirement planning, and investment management to individuals, businesses, or government entities.
Risk Manager: Graduates can pursue careers as risk managers in corporate firms, financial institutions, or government agencies. They identify, assess, and mitigate financial, operational, or strategic risks faced by organizations using quantitative analysis and risk management techniques.
Policy Analyst: Graduates with a background in economics can work as policy analysts for government departments or non-profit organizations. They analyze economic impacts, evaluate policy effectiveness, and provide recommendations on economic policies related to finance, trade, labor markets, and more.
Management Consultant: Graduates can work in management consulting firms, advising organizations on strategic planning, operational efficiency, mergers and acquisitions, and performance improvement strategies. They apply their analytical skills to solve complex business problems and drive organizational change.
Government Economist: Graduates may work as economists or economic advisors for government agencies, providing economic analysis, forecasting, and policy recommendations to support government decision-making on fiscal policies, taxation, and regulatory frameworks.
International Finance Specialist: Graduates with a global perspective can work in multinational corporations, financial institutions, or international organizations, focusing on global financial markets, foreign exchange, international trade, and economic development.
Entrepreneurship: Graduates with entrepreneurial ambitions can start their own businesses or consulting firms, offering specialized services in financial analysis, economic forecasting, risk management, or strategic consulting.
