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 Science
Kensington
INTAKE: Feb, May & Sep
Program Overview
The Bachelor of Actuarial Studies and Bachelor of Science program at UNSW is designed to provide students with a solid foundation in both actuarial science and scientific disciplines. This dual-degree program combines rigorous training in mathematics, statistics, risk assessment, and financial modeling from actuarial studies with scientific inquiry, critical thinking, and analytical skills from various branches of science. Graduates are prepared for careers in finance, insurance, consulting, data analysis, and beyond.
Curriculum: The curriculum integrates core courses from actuarial studies with a range of scientific disciplines, such as mathematics, physics, chemistry, biology, computer science, or environmental science, depending on the chosen specialization. Actuarial studies courses typically cover topics such as probability theory, financial mathematics, life contingencies, risk management, and actuarial modeling. Science courses provide foundational knowledge and analytical skills relevant to specific scientific fields, complementing the quantitative expertise gained in actuarial studies.
Research Focus: UNSW emphasizes a research-focused approach within the Bachelor of Actuarial Studies and Bachelor of Science program. Students have opportunities to engage in research projects that explore interdisciplinary topics, such as climate change modeling, health analytics, environmental risk assessment, or data-driven scientific research. Faculty members actively contribute to research in areas like mathematical modeling, statistical analysis, and scientific applications of actuarial principles, enriching students' academic experience with hands-on research opportunities and advanced methodologies.
Industry Engagement: The university fosters strong connections with industry partners across finance, insurance, technology, healthcare, and environmental sectors. Students benefit from internships, industry placements, and collaborative projects that integrate actuarial and scientific knowledge into real-world applications. Industry professionals contribute to the curriculum through guest lectures, workshops, and industry-focused projects, ensuring that graduates gain practical skills and industry-relevant experience.
Global Perspective: UNSW promotes a global perspective in the Bachelor of Actuarial Studies and Bachelor of Science program, preparing students to address global challenges and opportunities. The curriculum includes global case studies, international research collaborations, and discussions on global trends in finance, insurance, and scientific advancements. Students are encouraged to participate in international exchange programs, engage in global research initiatives, or attend international conferences to broaden their perspectives and enhance their global competencies.
Location
Kensington
Score
IELTS 7
Tuition Fee
AUD 52500
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 Science program possess a unique blend of skills in actuarial science, mathematics, statistics, and scientific inquiry. They are well-equipped to pursue diverse career paths that require analytical thinking, problem-solving, and quantitative analysis across various sectors.
Actuarial Analyst: Graduates can work as actuarial analysts in insurance companies, financial institutions, or consulting firms. They use their skills in probability theory, financial mathematics, and statistical modeling to assess and manage financial risks, develop pricing models for insurance products, and provide strategic advice on investments.
Data Scientist: Graduates may pursue careers as data scientists, leveraging their statistical and analytical skills to analyze large datasets, extract insights, and make data-driven decisions. They can work in industries such as finance, healthcare, technology, or environmental science, applying their expertise to solve complex problems and drive business outcomes.
Risk Analyst: Graduates can work as risk analysts in financial institutions, government agencies, or corporations. They analyze potential risks related to financial investments, business operations, or environmental factors, using quantitative analysis and modeling techniques to assess risk exposure and develop risk mitigation strategies.
Environmental Analyst: Graduates interested in environmental science can work as environmental analysts or consultants. They use their scientific knowledge and analytical skills to assess environmental risks, analyze data on pollution levels or climate change impacts, and contribute to environmental policy development and sustainability initiatives.
Healthcare Analyst: Graduates can specialize in healthcare analytics, working for hospitals, healthcare providers, or research institutions. They analyze healthcare data, evaluate treatment outcomes, and contribute to healthcare policy decisions using statistical analysis and predictive modeling techniques.
Research Scientist: Graduates may pursue careers as research scientists in fields such as mathematics, physics, biology, or computer science. They conduct scientific research, develop mathematical models, perform data analysis, and publish findings in academic journals or contribute to scientific advancements in their respective fields.
Financial Consultant: Graduates with a strong background in actuarial studies and science can work as financial consultants or advisors. They provide expert advice on financial planning, investment strategies, risk management, and retirement planning to individuals, businesses, or government agencies.
Policy Analyst: Graduates can work as policy analysts for government departments or non-profit organizations. They analyze scientific data, evaluate policy impacts, and provide recommendations on environmental regulations, healthcare reforms, or economic policies based on quantitative analysis and scientific research.
Climate Change Analyst: Graduates interested in environmental science can specialize in climate change analysis. They assess climate change risks, analyze environmental data, and develop strategies for mitigating climate impacts through policy development, sustainability initiatives, or corporate environmental stewardship programs.
Entrepreneurship: Graduates with entrepreneurial ambitions can start their own businesses or consulting firms, offering specialized services in data analytics, environmental risk assessment, scientific research, or actuarial consulting to address industry-specific challenges and opportunities.
