Overview

Stand out in business and finance by combining essential quantitative and modelling skills from Actuarial Studies with Economics.Actuaries play a vital role in strategic planning and financial management in the financial services, insurance and superannuation industries. This degree provides a solid foundation to enter the actuarial profession through studies in mathematics, statistics, accounting, economics, finance, demographics, analytics and modelling.Economics subjects will equip you with analytical and statistical skills you can apply to any business or finance role. Core studies in economic theory and econometric methods – combined with a specialisation in econometrics, economics or financial economics – will give you a solid grounding in modern economics analysis.You may also choose to take on a third major from subjects such as accounting, business law, finance, management, marketing, real estate studies or taxation.

Program Code

3588

UAC Code

424350

CRICOS Code

077867A

Total units of credit (UOC)

192

Campus

Kensington

Indicative Enrolments

61

Why choose this degree?

You want to gain the technical and specialist skills required to pursue the role of an actuarial analyst as well as a solid grounding in the core areas of economics and econometrics. There is strong demand for graduates in Actuarial Studies. Employers in the financial services industry, including banks, insurers and consultancies, value the rigorous quantitative risk analysis training involved in studying Actuarial Studies.  

Who should choose this degree?

Those seeking to combine actuarial studies with economics who want the option to broaden their learning by completing a third major.

Majors

Choose and Actuarial Studies major from:

  • Actuarial Studies
  • Actuarial Risk Management and Analytics
  • Quantitative Data Science

Choose and Economics major from:

  • Economics
  • Econometrics
  • Financial Economics

And take a third major from:

  • Accounting
  • Business Economics
  • Business Law
  • Business Strategy and Economic Management
  • Finance
  • Human Resource Management
  • Information Systems
  • International Business
  • Management
  • Marketing
  • Mathematics
  • Real Estate Studies
  • Statistics
  • Taxation

Degree Structure

Degree Handbook

Career Opportunities

  • Actuarial/insurance/wealth management/credit/forecasting/data analyst
  • Economist
  • Policy adviser
  • Risk assessment officer
  • Statistical analyst
  • Superannuation adviser

UNSW Business School's Career Accelerator portfolio offers students exclusive access to a suite of for-credit, co-curricular and business experience opportunities to kick start your career.

Accreditation / Professional Recognition

Students can gain exemption from the Foundation Program of the Actuaries Institute professional examinations, the Core Principles courses of the Institute and Faculty of Actuaries (UK) professional examinations and the Validation by Educational Experience (VEE) credit for the Society of Actuaries (USA) and Casualty Actuarial Society (USA), by achieving the required academic standard in the professionally accredited courses in their Actuarial Studies program. Similarly, some students (esp. Actuarial Studies (Co-op) students and double degree students) may also be eligible to gain exemption from the university accreditation components of the Associate Program of the Actuaries Institute professional examinations.

Assumed Knowledge

Mathematics Extension 1

Entry requirements

2019 Lowest ATAR 1

92.00

2019 Lowest Selection Rank 2

97.50

2020 Guaranteed Entry 3

97.50

2019 A levels 4

20

2019 IB Diploma 5

39

2019 QLD OP 6

2

1. 2019 Lowest ATAR

The 2019 Lowest ATAR is the lowest ATAR (before adjustment factors were applied) to which an offer was made. Where <5 is listed, this indicates that less than 5 ATAR-based offers were made and so the score has not been published. N/A indicates no offers were made on the basis of ATAR.

2. 2019 Lowest Selection Rank

The 2019 Lowest Selection Rank (LSR) is the adjusted rank (ATAR plus adjustment factors) you would have needed to gain entry to this degree in 2019.

3. 2020 Guaranteed Entry

Find more information on Guaranteed Entry here.

4. 2019 A levels

Information on how A levels are calculated can be found here.

5. 2019 IB Diploma

The 2019 IB Diploma is an indication of the IB you would have needed to gain entry to this degree in 2019. It is to be used as a guide only.

6. 2019 QLD OP

QLD OP is an indication of the OP you would have needed to gain entry to this degree in 2019. It is to be used as a guide only.

How to apply

Applications for undergraduate study from domestic students (Australian citizens, Australian permanent residents, Australian permanent humanitarian visa holders and New Zealand citizens) are processed by the Universities Admissions Centre (UAC).

Visit the ‘Apply’ section of the UAC website and you can nominate up to five degrees in order of preference, with the first being your most desired degree and university.

On-time applications for admission usually close at the end of September each year for Term 1 admission. Late applications can be submitted, but a late fee will apply. For study starting in Term 1, the majority of offers are made in December and January.

Visit the UAC website for key dates for admission outside of Term 1.

Apply Now

Fees

Indicative First Year Fee

$10,558*

Commonwealth Supported Place – multiple Student Contribution Bands may apply for this double degree. See single degrees for the applicable fee bands.

*The student contribution for a Commonwealth Supported Place is an indication only of the amount payable in Year 1 based on a standard full-time load of 48 credit points (1.0 EFTSL). The actual student contribution you will be liable for depends on your individual program of study and the calendar year in which you enrol. Actual fees are calculated upon enrolment. Student contribution amounts are subject to annual review by the University and may increase each year during your studies (subject to caps determined by the Australian Government), effective at the start of each calendar year.

The indicative fees listed here are based on an estimated average and are for tuition only – other fees and charges are not included.

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