Bachelor of Science (Actuarial Science)
Bachelor of Science (Actuarial Science)
Actuaries analyse various data to predict and assess the long-term risks involved in financial planning and decisions. They also apply their expertise to other areas – such as assessing the timing and location of extreme weather events, to help predict risks and associated costs for investments or insurance. In this…
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COURSE DESCRIPTION
Actuaries analyse various data to predict and assess the long-term risks involved in financial planning and decisions. They also apply their expertise to other areas – such as assessing the timing and location of extreme weather events, to help predict risks and associated costs for investments or insurance.
In this course you will gain the knowledge and skills in mathematics, statistics, data analytics, demographics, finance and economics to work as a financial analyst in organisations that deal with risk – such as banks and financial institutions, insurance companies and government agencies.
You’ll learn the mathematical and statistical techniques to model industrial and commercial processes against a financial and economic background. You’ll also learn to identify the risk factors and determine the price and cost of those risks.
In your third year, your studies will focus on either actuarial science or actuarial and applied statistics.
Actuarial Science
This area is recommended for students who intend to complete further studies and qualify as an actuary. It gives you the opportunity to gain exemptions from the six subjects comprising the Foundation Program of the Actuaries Institute (Australia).
You must achieve the minimum course-weighted average mark to study Actuarial Science in third year.
Actuarial and Applied Statistics
This area is designed for students who wish to broaden their expertise in data analysis and statistics but who do not intend to work as an actuary. (It does not include all subjects of the Actuaries Institute’s Foundation Program.)
How this course will make you industry ready
Throughout your studies you’ll build your knowledge of the principles of finance and business, to ensure that you graduate career-ready.
What jobs can the Actuarial Science lead to?
Careers
Actuary
Business analyst
Data scientist
Mathematician
Risk manager
Statistician.
Industries
Banking
Education
Financial services
Health
Mining, oil and gas infrastructure
Insurance
Public sector finance and infrastructure
Superannuation.
What you’ll learn
Acquire discipline knowledge and professional capabilities to identify a problem, research and interpret the data and apply appropriate techniques to develop an effective solution;
Understand contemporary issues relevant to the actuarial working environment; demonstrate cross-cultural awareness and respect;
Apply discipline knowledge and problem solving skills to critically approach challenging, relevant problems and develop innovative solutions
Show awareness of relevant global developments; understand how to respond to change, by monitoring results and through self-reflection and ongoing learning, in order to apply and adapt knowledge and skills
Apply computer software appropriately to gather and prepare data, perform calculations, analyse and communicate results; use relevant digital technology to communicate effectively in a manner appropriate to the audience and purpose
Collaborate with others in teams, displaying high ethical and moral standards in addition to problem solving and time management skills, in order to solve problems relevant to a range of stakeholders
REQUIREMENTS
Students from different countries should have qualifications equivalent to Australian Year 12 and a scaled mark of at least 50 in English, Literature, or English as an Additional Language or Dialect.
IELTS (International English Language Testing System) – Listening, Reading, Writing, and Speaking – 6.0; Overall band score 6.5; TOEFL Score: 79 (overall); Reading 13; Listening 13; Speaking 18; Writing 21; Pearson Test of English – Listening, Reading, Writing, and Speaking – 50; Overall band score 58; TOEFL (Test of English as a Foreign Language) and PBT (Paper Based Test) – 570 and 4.5 in TWE; C1 Advanced Formerly known as Cambridge English: Advanced (CAE) 176 with 169 in Reading, Writing, Listening and Speaking. C2 Proficiency Formerly known as Cambridge English: Proficiency (CPE) 190 with 176 in Reading, Writing, Listening and Speaking.
EDUCATIONAL INSTITUTION
Curtin University is Western Australia’s largest and most culturally diverse university with Australia’s third largest international student population. Around 60,000 students from more than 130 countries study a Curtin degree, at locations including Perth, Margaret River, Kalgoorlie, Sydney, Malaysia and Singapore. Our cultural diversity adds a rich and valuable dimension to the campus atmosphere, preparing all graduates to live and work effectively in an increasingly global environment. We offer a range of industry-aligned undergraduate and postgraduate courses in business, humanities, health, engineering and related sciences. We also have a long-standing focus on Aboriginal and Torres Strait Islander education and culture, supported by our Centre for Aboriginal Studies.Curtin is widely recognised for its practical research that is focused on solving timely, real-world problems. In recent years our research activity has grown significantly, driving our rapid rise up the international university rankings.As a university that never settles, we will continue to develop existing partnerships and establish new ones in areas relevant to our research and teaching.
