B2052 Bachelor in Actuarial Analytics

The course develops through the themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study.

Part A. Foundation commerce knowledge

These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.

Part B. Specialist discipline knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of actuarial science to provide discipline-based solutions to commerce. Units contained within the discipline may meet the requirements for professional accreditation bodies.

Part C. Capstone experience

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

Part D. Free elective study

This will enable you to further develop your knowledge of actuarial science, or commerce more broadly, or to select any units from across the University in which you are eligible to enrol including to complete a minor from another course.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

You must complete units as specified in Parts A, B, C and D (144 credit points): including 120 points of study in Parts A, B, and C, and 24 points of free electives in Part D.

In choosing your units, you must ensure that you complete no more than 10 units (60 credit points) at level 1 and at least six units (36 credit points) at level 3, including four units (24 credit points) at level 3 offered by the Faculty of Business and Economics.

Students can apply to transfer to the Bachelor in Actuarial Science after completion of 96 credit points. To be eligible for transfer, students must achieve an overall course WAM of 70 and a minimum mark of 70 for selected units.

Units are 6 points unless otherwise specified.

Part A. Foundation commerce knowledge (24 credit points)

You must complete the following four units (24 credit points):

• ACW1120 Financial accounting 1
• ECM1953 Principles of economics
• BFW1001 Foundations of finance
• BFW2140 Corporate finance 1

Part B. Specialist discipline knowledge (90 credit points)

You must complete the following fifteen units (90 credit points):

• ETM1005 Programming for business applications
• ETM1015 Calculus 1
• ETM1020 Calculus 2
• ETM1030 Mathematical statistics 
• ETM2100 Principles of statistical inference 
• ETM2110 Risk and survival modelling 
• ETM2200 Time series analysis and stochastic processes 
• ETM2550 Actuarial mathematics 1 
• ETM2860 Economic modelling 1 
• ETW2440 Business modelling and analytics methods
• ETW2500 Unsupervised learning for business
• ETM3800 Text analytics for business
• ETM3860 Economic modelling 2
• ETW3482 Data mining and predictive modelling 
• ETW3483 Applied analytics

Part C. Capstone experience (6 credit points)

You must complete the following unit (6 credit points):

• ETM3550 Actuarial mathematics 2

Part D. Free elective study (24 credit points)

You must complete 24 credit points of free elective study, of which 6 credit points must be at level 3.

Free elective study will enable you to further develop your knowledge of actuarial science, analytics, or commerce more broadly, or to select any units from across the University in which you are eligible to enrol including to complete a minor from another course.

You can choose to complete units from the list of recommended electives given below from the Faculty of Business and Economics to gain additional analytics, finance or actuarial knowledge. 

Electives can also be chosen from across the University if you have met the required prerequisites and there are no restrictions on enrolling in the units. Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations.

List of recommended electives

• BEW3110 Work experience program
• BFW2120 Introduction to financial technology
• BFW2341 International financial management
• BFW2401 Commercial banking and finance
• BFW2751 Derivatives 1
• BFW3121 Investments and portfolio management