The Actuarial Studies specialisation is designed for students who wish to:
- Develop a greater understanding of actuarial principles and their application;
- Gain Foundation and/or Associateship Program 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
Recognise the important role of actuarial principles and their application.
Interpret and analyse actuarial information.
Demonstrate an understanding of the Australian financial market as it applies to actuarial work.
Critically engage with and evaluate actuarial problems.
Other Information
This specialisation is incompatible with the Actuarial Statistics specialisation.
Relevant Degrees
Requirements
This specialisation requires the completion of 24 units, which must consist of:
A minimum of 12 units from the completion of the following:
ACST8032 Actuarial Data Analysis
ACST8040 Actuarial Control Cycle 1
ACST8041 Actuarial Control Cycle 2
ACST8045 Advanced Insurance
ACST8047 Advanced Life Insurance
ACST8048 Advanced General Insurance
ACST8049 Advanced Global Retirement Income Systems
ACST8050 Research Essay in Actuarial Studies
ACST8060 Enterprise Risk Management 1
ACST8061 Enterprise Risk Management 2
FINM8006 Advanced Investments
A maximum of 12 units from the completion of the following:
STAT6013 Principles of Mathematical Statistics for Actuarial Studies
STAT6014 Regression Modelling for Actuaries
STAT6043 Life Contingencies
STAT6045 Actuarial Techniques
STAT6046 Financial Mathematics
STAT7004 Introduction to Stochastic Processes
STAT7042 Survival Models
STAT8035 Risk Theory
STAT8057 Risk Modelling 1
STAT8058 Risk Modelling 2
BUSN7008 Financial Statements and Reporting
ECON8069 Business Economics
FINM7003 Continuous Time Finance
FINM7006 Foundations of Finance
FINM7007 Applied Corporate Finance
FINM7008 Applied Investments
FINM7041 Applied Derivatives
Please disregard the following table. The technical issue has been notified and will be sorted out shortly.
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 |