actuarial-studies/index

aos

Undergraduate - Area of study

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This area of study entry applies to students commencing this course in 2015 and should be read in conjunction with the relevant course entry in the Handbook. Any units listed for this area of study relate only to the 'Requirements' outlined in the Faculty of Business and Economics component of any bachelors double degrees.

Managing facultyFaculty of Business and Economics
Campus(es)Clayton

Notes

  • Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.

Description

Graduates will be able to seek employment in finance and business fields dealing with life, general or health insurance, superannuation, risk management and financial consulting. Many actuaries and actuarial graduates work on investment operations for asset managers, brokers and banks. There are a range of government-related jobs in regulatory control, workers' compensation, education and others. Some actuaries work with large companies on long-term strategic planning.

Units

To complete the actuarial studies major in the Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics or Bachelor of Economics Advanced with Honours or related double degrees, students must complete:

(a.) The following three units (18 points):

  • ETC1010 Data modelling and computing
  • ETC2430 Actuarial statistics
  • ETC2520 Probability and statistical inference for economics and business

(b.) Five units (30 points) from the following list:

  • BFC2000 Financial institutions and markets
  • BFC2140 Corporate finance
  • BFC2340 Debt markets and fixed income securities
  • ETC3420 Bayesian modelling and risk analysis
  • ETC3460 Financial econometrics
  • ETC3510 Modelling in finance and insurance, or MTH3251 Financial mathematics
  • ETC3530 Contingencies in insurance and pensions
  • MTH3241 Random processes in the sciences and engineering

Contact details

Relevant courses

Single degrees

  • 0179 Bachelor of Commerce
  • 4419 Bachelor of Commerce Scholars Program
  • 0023 Bachelor of Economics
  • 4430 Bachelor of Economics Advanced with Honours

Double degrees

  • B2006 Bachelor of Commerce and Bachelor of Global Studies
  • L3005 Bachelor of Laws (Honours) and Bachelor of Commerce
  • 0542 Bachelor of Arts and Bachelor of Commerce
  • 0170 Bachelor of Arts and Bachelor of Economics
  • 4097 Bachelor of Arts Scholars Program and Bachelor of Commerce Scholars Program
  • 4417 Bachelor of Biomedical Science and Bachelor of Commerce
  • 4641 Bachelor of Commerce and Bachelor of Aerospace Engineering (Honours)
  • 3830 Bachelor of Commerce and Bachelor of Business Information Systems
  • 1319 Bachelor of Commerce and Bachelor of Economics
  • 4635 Bachelor of Commerce and Bachelor of Engineering (Honours)
  • 1469 Bachelor of Commerce and Bachelor of Science
  • 4428 Bachelor of Commerce Scholars Program and Bachelor of Economics
  • 4645 Bachelor of Environmental Engineering (Honours) and Bachelor of Commerce
  • 4425 Bachelor of Journalism and Bachelor of Commerce
  • 1185 Bachelor of Music and Bachelor of Commerce