Actuarial Studies // Structure

Pre-major study

In your first and second year you will complete the compulsory BCom subjects, and subjects that are prerequisites or recommended subjects for your major.

Students who are pursuing a major in Actuarial Studies must follow the mathematics pathway for their quantitative requirement. The first-year mathematics subjects are very important components of your actuarial program. We highly recommend that you enrol in MAST10008 Accelerated Mathematics 1 if you have the prerequisites, as the two Accelerated Mathematics subjects give a better preparation for second and third year Actuarial Studies. Decisions about entry into these and other mathematics subjects are made by the Department of Mathematics and Statistics, not by the Centre for Actuarial Studies. If you are not able to enter MAST10008, it is recommended that you enrol in MAST10006 Calculus 2 in Semester 1, and then MAST10007 Linear Algebra in Semester 2.

ACTL10001 is not compulsory and is not a prerequisite to any subsequent subject. However, completing this subject will give you a clearer view of actuarial work.

Breadth study in the Actuarial major

The Level 2 Mathematics subjects that you complete as part of your quantitative requirement (and their Level 1 prerequisites) are counted as breadth. Students completing a major in Actuarial Studies must also compete 25 points of non-mathematics breadth.

Major study

To obtain a major in Actuarial Studies students need to complete:

• 37.5 credit points of Level 3 core major subjects

To obtain a major in Actuarial Studies and begin seeking accreditation from the Actuaries Institute, students need to complete:

• 87.5 credit points of Level 3 core major subjects

Gaining exemptions from professional exams (Actuaries Institute)

If you wish to gain as many exemptions as possible from the professional exams of the Actuaries Institute, it is recommended that you enrol in all 87.5 points of the Level 3 core major subjects. If you complete additional Level 3 subjects, you will potentially be eligible for further exemptions from the professional exams of the Actuaries Institute. Both ACCT10002 Introductory Financial Accounting and ECON20001 Intermediate Macroeconomics are also required in order to obtain exemptions.

Subject lists

From 2020, new Level 2 and Level 3 Actuarial subjects are being taught to align with the changes to the professional syllabus. Pre-2019 BCom students who have any queries about their completed prerequisites should contact Stop 1.

Level 1 recommended subject

Level 2 prerequisite subjects

Level 3 core major subjects