The Actuarial Studies specialisation is designed for students who wish to:
- Develop a greater understanding of actuarial principles and their application;
- Gain Part II exemptions through the Actuaries Institute;
- Improve analytical skills for interpreting and analysing actuarial information;
- Gain greater insight into the Australian and international financial markets;
- Increase management skills for dealing with organisations, teams and policy issues; and,
- Expand their applied knowledge in various specialised areas of actuarial studies.
Learning Outcomes
Graduates who have successfully completed the specialisation in actuarial studies will be able to:
1. Recognise the important role of actuarial principles and their application;
2. Demonstrate the necessary analytical skills for interpreting and analyzing actuarial information;
3. Demonstrate well developed insight into the Australian and international financial markets;
4. Justify and communicate the necessary management skills for dealing with organizations, teams and policy issues, so as to be able to work independently and collaboratively to collect, process, interpret and communicate the outcomes of actuarial problems; and,
5. Demonstrate the skills necessary to critically engage with and evaluate actuarial problems.
Relevant Degrees
Requirements
This specialisation requires the completion of 24 units, which must consist of:
A minimum of 12 units must come from completion of courses from the following list:
| Code | Title | Units |
|---|---|---|
| ACST8033 | Investment and Asset Modelling | 6 |
| ACST8040 | Actuarial Control Cycle 1 | 6 |
| ACST8041 | Actuarial Control Cycle 2 | 6 |
| ACST8047 | Advanced Life Insurance | 6 |
| ACST8048 | Advanced General Insurance | 6 |
| ACST8049 | Advanced Global Retirement Income Systems | 6 |
| ACST8050 | Research Essay in Actuarial Studies | 6-12 |
| FINM8006 | Advanced Investments | 6 |
A maximum of 12 units may come from completion of courses from the following list:
| Code | Title | Units |
|---|---|---|
| BUSN7008 | Financial Statements and Reporting | 6 |
| ECON8069 | Business Economics | 6 |
| FINM7003 | Continuous Time Finance | 6 |
| FINM7006 | Applied Foundations of Finance | 6 |
| FINM7007 | Applied Corporate Finance | 6 |
| FINM7008 | Applied Investments | 6 |
| FINM7041 | Applied Derivatives | 6 |
| STAT6039 | Principles of Mathematical Statistics | 6 |
| STAT6043 | Life Contingencies | 6 |
| STAT6045 | Actuarial Techniques | 6 |
| STAT6046 | Financial Mathematics | 6 |
| STAT7042 | Survival Models | 6 |
| STAT7018 | Stochastic Modelling | 6 |
| STAT8035 | Risk Theory | 6 |
| STAT8036 | Credibility Theory | 6 |