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(Undergraduate
Actuarial Science
Bachelor of Science (Actuarial Science) - BSc(Curtin) - 302408
Science and EngineeringAssess the risk
Undesirable events with significant emotional or financial consequences can affect both individuals and organisations. The chance that an unwanted event will occur is termed 'risk' and can have a significant impact on the way organisations and businesses run. Actuaries identify and calculate the risk of unwanted events which might affect an organisation. They find strategies for minimising the risk of undesirable events or for reducing the effect they may have on an organisation.
Actuaries apply the concepts of mathematics and statistics to finance and insurance, with a particular focus on risk assessment. This course will expose you to the analytical and computing techniques required to model industrial and commercial processes. You will develop sound skills in mathematics, statistics, finance, economics, accounting, law, computing and demographics. You will learn advanced mathematical and statistical techniques relevant to risk and survival analysis and achieve an associated understanding of economics and corporate finance.
High achieving students may complete an additional honours year enabling them to undertake their own significant research project.
Career opportunities
This course can help you become a:
Why Actuarial Science?
- Curtin is one of only six universities in Australia, and the only university in Western Australia, to offer an actuarial science course that has been accredited by the Institute of Actuaries Australia.
- There is a strong demand for actuarial graduates in Perth.
- Our school is still relatively small. We actively assist our graduates to gain employment through our work experience program.
Professional recognition
This course is accredited by the Institute of Actuaries of Australia.
Credit for previous study
If you have previously worked or studied in this field, you are encouraged to contact the Faculty to discuss eligibility for recognition of prior learning.
Try our RPL search to find out what credit you might be eligible for.
How this course will make you industry ready
As a graduate, you'll be able to provide a financial evaluation of risk for your company to be instrumental in strategic management decisions. Throughout the course you'll develop extensive knowledge of mathematics, probability, statistics, principles of finance and business, making you industry ready and highly sought after.
You can also gain exemptions in the equivalent subjects for the Part I exams for the Institute of Actuaries of Australia.
Units
Current students: Please refer to the Handbook's full course structure when enrolling.
Credits needed to graduate: 600
| Core units | Hrs/Wk | Credit |
|---|---|---|
| Accounting 100 | 3.0 | 25.0 |
| Actuarial Economics 102 | 4.0 | 25.0 |
| Actuarial Statistics 301 | 4.0 | 25.0 |
| Advanced Calculus 201 | 4.0 | 25.0 |
| Finance (Principles) 215 | 3.0 | 25.0 |
| Mathematical Statistics 202 | 4.0 | 25.0 |
| Mathematics 101 | 5.0 | 25.0 |
| Mathematics 103 | 4.0 | 25.0 |
| Mathematics 104 | 5.0 | 25.0 |
| Practical Mathematical Financial Modelling 202 | 3.0 | 25.0 |
| Principles of Actuarial Science 101 | 5.0 | 25.0 |
| Principles of Insurance and Superannuation 101 | 4.0 | 25.0 |
| Science Communications 101 | 2.0 | 12.5 |
| Statistical Data Analysis 101 | 3.0 | 12.5 |
| Statistical Data Analysis 102 | 3.0 | 12.5 |
| Statistical Data Analysis 103 | 3.0 | 12.5 |
| Theory of Interest 202 | 3.0 | 25.0 |
| Optional units | Hrs/Wk | Credit |
|---|---|---|
| Applied Mathematical Modelling 302 | 4.0 | 25.0 |
| Experimental Design and Analysis 202 | 4.0 | 25.0 |
| Linear Algebra 202 | 4.0 | 25.0 |
| Logistics Modelling and Optimisation 202 | 4.0 | 25.0 |
| Network Optimisation 202 | 4.0 | 25.0 |
| Operations Research 201 | 4.0 | 25.0 |
| Scientific Computing 201 | 4.0 | 25.0 |
| Supply Chain Modelling and Optimisation 201 | 4.0 | 25.0 |
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Entry requirements:
Indicative TER (ATAR)
This figure provides an indication of the TER (ATAR) normally required to enter this course. It is provided as a guide only.
STAT entry
The Special Tertiary Admissions Test (STAT) assesses competencies considered important for success at uni. These tests are provided by the Tertiary Institutions Service Centre (TISC) to help mature age candidates apply for certain courses.
Mature age entry:
Essential TEE subjects:
- Mathematics 3C/3D or Mathematics: Specialist 3C/3D
- At least English 2A/2B, Literature 2A/2B or English as an Additional Language/Dialect 2A/2B
Where:
Bentley
When:
February or July
How:
Full-time or part-time
Study:
On-campus
Duration:
3 years full-time
Fees (indicative first year only):
*The fees above reflect the indicative cost of the first year of this course when taken on a full-time basis. They apply to new students in 2010 or 2011 only. These fees may vary depending on the units you choose and do not include incidental fees (such as lab coats or art supplies) or the cost of your textbooks.
For more information on fees and to determine your eligibility for HECS-HELP or FEE-HELP, please visit fee basics or the Going to Uni website. If you're not an Australian citizen, permanent resident or New Zealand citizen, please see information for international students.
Find out more
-
Enquire here
or Tel: +61 8 9266 1000
- Find out about studying at Curtin
- Apply - find out how
find out how
2012 entry requirements:
Minimum English language entry requirements:
| IELTS Academic (International English Language Testing System) | |
|---|---|
| Writing | 6.0 |
| Speaking | 6.0 |
| Reading | 6.0 |
| Listening | 6.0 |
| Overall band score | 6.0 |
| TOEFL (Test of English as a Foreign Language) | |
|---|---|
| 550 | paper based |
| 80 | Internet based (20 in each section) |
Those applying from certain countries (such as China, India and Vietnam) will need to achieve a required level in the IELTS test in order to be issued with a student visa by the Australian Government.
Results from IELTS and TOEFL are valid for two years.
Cut-off scores
| Qualification | Score |
|---|---|
| GCE/STPM/HKALE (A-levels - best of three) | 9 |
| IB | 31 |
| Ontario Gr 12 (best of 6) | 85 |
| TER (including TEE/SACE/HSC/VCE) | 92 |
| WAUFP (CPS) | 72 |
| India/Pakistan | 75 |
| Sri Lanka | 10 |
Minimum academic entry requirements
Course prerequisites
Mathematics. Calculus is desirable.Where:
Bentley
When:
February or July
How:
Full-time
Study:
On-campus
Duration:
3 years full-time
Fees for 2012:
| International onshore - fee paying | |
|---|---|
| Offer letter (100 credit) published fee | $11,700 |
| Indicative year 1 fee | $23,300 |
| Total indicative course fee | $74,900 |
| Indicative essential incidental course fee | $0 |
*The indicative fees shown above apply to international students studying on-campus in Western Australia. For information about fees at other locations please visit Curtin International's offshore site.
CRICOS: 038785D
This page was last updated on 14 February 2011
Find out more:
- Enquire here
or Tel: +61 8 9266 1000
- Find out about studying at Curtin
-
Apply - find out how
Disclaimer
Curtin endeavours to keep its courses information up-to-date. However, this information is subject to change from time to time and the University reserves the right to change course information without notification if and when required.
In exceptional circumstances units and/or courses may be discontinued. In these instances Curtin will use its best endeavours to accommodate students affected by any discontinued courses or units
