Bachelor of Science (Actuarial Science)

Actuaries analyse various data to predict and assess the long-term risks involved in financial planning and decisions. They also apply their expertise to other areas – such as assessing the timing and location of extreme weather events, to help predict risks and associated costs for investments or insurance.In this course, you will gain the knowledge and skills in mathematics, statistics, data analytics, demographics, finance and economics to work as a financial analyst in organisations that deal with risk.You'll learn the mathematical and statistical techniques to model industrial and commercial processes against a financial and economic background. You’ll also learn to identify the risk factors and determine the price and cost of those risks.In your third year, your studies will focus on either Actuarial Science or Actuarial and Applied Statistics.Actuarial ScienceThis area is recommended if you intend intend to complete further studies and qualify as an actuary. It enables you to gain exemptions from the six subjects comprising the Foundation Program of the Actuaries Institute (Australia).You must achieve the minimum course-weighted average to study Actuarial Science in third year.Actuarial and Applied StatisticsThis area is best if you want to broaden your expertise in data analysis and statistics but don't intend to work as an actuary. (It doesn't include all subjects of the Actuaries Institute's Foundation Program.)[038785D]