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Undergraduate

Actuarial Science

Bachelor of Science (Actuarial Science) - BSc(Curtin) - 302408

Science and Engineering

Actuaries analyse mathematical, statistical, demographic, financial and economic data in order to predict and assess the effects of long-term risks involved in financial decisions and planning. They find strategies for minimising the risk of undesirable events or for reducing the effect they may have on an organisation.

What the course involves

In this course you will develop the mathematical and statistical techniques relevant to model industrial and commercial processes against a financial and economic background. You will also learn to identify the risk factors and determine the price and cost of those risks.

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:


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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 of Science and Engineering to discuss eligibility for recognition of prior learning.

Learn about Credit for Recognised Learning (CRL).

How this course will make you industry ready

Actuaries are able to provide a financial evaluation of risk for companies, which may be instrumental in strategic management decisions. Throughout the course you will develop extensive knowledge of mathematics, probability, statistics, principles of finance and business, helping you to graduate career-ready. 

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
Year 1 Semester 1
Accounting 100 3.0 25.0
Mathematics 101 5.0 25.0
Mathematics 103 4.0 25.0
Principles of Insurance and Superannuation 101 4.0 25.0
Statistical Data Analysis 101 3.0 12.5
Statistical Data Analysis 102 3.0 12.5
Year 1 Semester 2
Actuarial Economics 102 4.0 25.0
Mathematics 104 5.0 25.0
Principles of Actuarial Science 101 5.0 25.0
Science Communications 101 2.0 12.5
Statistical Data Analysis 103 3.0 12.5
Year 2 Semester 1
Advanced Calculus 201 4.0 25.0
Finance Principles 215 3.0 25.0
Mathematical Statistics 202 4.0 25.0
Year 2 Semester 2
Actuarial Statistics 301 4.0 25.0
Practical Mathematical Financial Modelling 202 3.0 25.0
Theory of Interest 202 3.0 25.0
Optional units Hrs/Wk Credit
Year 2 Semester 1
Operations Research 201 4.0 25.0
Scientific Computing 201 4.0 25.0
Supply Chain Modelling and Optimisation 201 4.0 25.0
Year 2 Semester 2
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

See Courses Handbook for full course structure

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Entry requirements:

Indicative TER (ATAR)*: 92
STAT entry*: Not accepted. May be used to meet English competence requirements.
*What are Indicative TER (ATAR) and STAT Entry?

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:

Discover other ways you can qualify

Essential WACE courses:

  • Mathematics 3C/3D or Mathematics: Specialist 3C/3D
  • ATAR of 92.00 or equivalent
  • At least English 2A/2B, Literature 2A/2B or English as an Additional Language/Dialect 2A/2B

Desirable WACE courses:

Mathematics: Specialist 3C/3D

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):

2014
Commonwealth supportedCommonwealth supported?
If you have not yet exceeded your Student Learning Entitlement (typically seven years' equivalent full-time study) the Australian Government will contribute towards the cost of your study. The indicative fees shown here are known as the student contribution, or your share of the cost of the first year of this course.

To find out if you're eligible for a commonwealth supported place, please visit the Going to Uni website.
$9,200*

*The indicative first-year fee is calculated on 200 credit points, which is the typical full-time study load per year, however some courses require additional study to be completed, in which case the fee will be higher than that shown.

This fee is a guide for students in 2014 only. It 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 - visit other fees and charges for more information. For more information on fees and to determine your eligibility for HECS-HELP or FEE-HELP, please visit fee basics or the Study Assist website

If you're not an Australian citizen, permanent resident or New Zealand citizen, please see information for international students.

 

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2013 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 6.5

Cut-off scores

Qualification Score
GCE/STPM/HKALE (A-levels - best of three) 9
IB 31
Ontario Gr 12 (best of 6) 85
ATAR (including WACE/SACE/HCE/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 2013:

Unfortunately fee information is not available for this course at this time. Please check out our Fee Calculator for an estimation of course fees.

2014 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 6.5

Cut-off scores

Qualification Score
GCE/STPM/HKALE (A-levels - best of three) 13
IB 34
Ontario Gr 12 (best of 6) 85
ATAR (including WACE/SACE/HCE/VCE) 92
WAUFP (CPS) 72
India/Pakistan 92
Sri Lanka 14

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 2014:

International onshore - fee paying
Offer letter (100 credit) published fee $13,700
Indicative year 1 fee $27,500
Total indicative course fee $91,100
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 11 April 2013

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