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 (Advanced Mathematics) (Honours)
Kensington
INTAKE: Feb, May & Sep
Program Overview
The Bachelor of Actuarial Studies and Bachelor of Science (Advanced Mathematics) (Honours) program at UNSW is designed for students aiming to develop a strong foundation in actuarial studies combined with advanced mathematical skills. It integrates rigorous theoretical knowledge with practical applications, preparing graduates for careers in finance, insurance, risk management, and beyond. UNSW is renowned for its comprehensive approach to education, blending academic excellence with hands-on experience.
Curriculum: UNSW's curriculum for this program encompasses a wide range of subjects crucial for actuarial studies and advanced mathematics. Students delve into core actuarial principles such as financial mathematics, risk theory, and insurance, alongside advanced mathematics courses covering topics like calculus, algebra, and statistical modeling. The program emphasizes analytical thinking, problem-solving skills, and real-world applications, ensuring graduates are well-equipped for diverse professional challenges.
Research Focus: UNSW is committed to cutting-edge research in actuarial studies and mathematics. The university's faculty and research centers actively explore areas such as stochastic modeling, data analytics, financial modeling, and risk management. Students have opportunities to engage in research projects, working alongside experts to tackle industry-relevant problems and contribute to academic advancements in these fields.
Industry Engagement: The university maintains strong ties with industry leaders, fostering valuable partnerships that enhance the learning experience. Through internships, industry placements, and collaborative projects, UNSW ensures students gain practical insights and establish networks within the finance, insurance, and actuarial sectors. This hands-on approach not only enriches education but also facilitates smoother transitions into professional roles upon graduation.
Global Perspective: UNSW promotes a global perspective by offering diverse cultural experiences and encouraging international exchanges. The university attracts students and faculty from around the world, creating a rich multicultural environment that enhances learning and broadens perspectives. Additionally, UNSW's partnerships with global institutions provide opportunities for collaborative research and international career opportunities for graduates.
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 of the Bachelor of Actuarial Studies and Bachelor of Science (Advanced Mathematics) (Honours) program at UNSW are highly sought after in various industries due to their specialized skills in actuarial science and advanced mathematics.
Actuarial Analyst: Actuarial analysts use their strong mathematical and statistical skills to assess financial risks for insurance companies, consulting firms, and financial institutions. They analyze data, create models, and provide insights to help organizations make informed decisions about pricing, risk management, and investment strategies.
Risk Manager: Risk managers evaluate and manage potential risks that could impact an organization's financial stability and operations. They work across industries such as banking, finance, healthcare, and government, applying their knowledge of probability theory and financial modeling to develop risk mitigation strategies.
Investment Analyst: Investment analysts research financial markets, analyze investment opportunities, and make recommendations to clients or organizations regarding asset allocation and investment strategies. Their understanding of financial mathematics and economic trends enables them to assess the potential returns and risks associated with various investment options.
Data Scientist: With expertise in advanced mathematics and statistical analysis, graduates can pursue roles as data scientists. They extract, analyze, and interpret large volumes of data to uncover patterns, trends, and insights that inform business decisions and strategic planning across diverse industries including finance, technology, healthcare, and e-commerce.
Financial Consultant: Financial consultants provide expert advice to individuals and businesses on matters such as wealth management, retirement planning, and financial risk assessment. Their comprehensive understanding of actuarial principles and mathematical modeling allows them to offer tailored solutions to optimize financial outcomes and manage financial uncertainties.
Insurance Underwriter: Insurance underwriters assess insurance applications, evaluate risks, and determine premiums based on statistical analysis and actuarial models. They play a critical role in maintaining the financial health of insurance companies by ensuring that risks are accurately priced and managed.
Quantitative Analyst (Quant): Quants develop and implement mathematical models and algorithms to analyze financial markets, derivatives, and trading strategies. Their expertise in quantitative methods and financial mathematics is essential for designing sophisticated trading systems and optimizing investment portfolios in investment banks, hedge funds, and asset management firms.
