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Actuarial Science

Actuarial Science

Bachelor Degree

B-ACTUAR

Course
Bachelor of Science (Actuarial Science)
Admission criteria
Guaranteed ATAR 92
Duration
3 years full-time
Credit
600
Location
Curtin Perth

Outline

Become an expert in predicting the effects of long-term risk in financial decisions and planning.

Actuarial and Financial Sci

Cutting-edge

Graduate ready to work in environments where research and discovery abound.

Professional recognition

Professionally accredited by the Actuaries Institute (Australia). 

Top 1 %

Curtin is ranked in the top one per cent of universities worldwide.

Academic Ranking of World Universities 2020.

Actuaries analyse mathematical, statistical, demographic, financial and economic data to predict and assess the effects of long-term risks involved in financial decisions and planning. Actuaries may also assess when and where devastating weather events may hit, to help predict risks and their associated costs for investments or insurance.

This course is designed to provide you with the necessary skills in mathematics, statistics, data analytics, finance and economics to prepare them as financial analysts in organisations that deal with risk – such as banks and other financial institutions, insurance companies and government agencies.

You will develop the mathematical and statistical techniques relevant 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 you’ll specialise in actuarial science or actuarial and applied statistics.

Actuarial Science

You must achieve the set minimum course-weighted average mark to be eligible to study Actuarial Science in third year.

This major is recommended for students who intend to complete further studies and qualify as an actuary. It offers students the opportunity to gain exemptions from the six subjects comprising the Foundation Program, which is the first part of the professional examinations of the Actuaries Institute. For details on the Institute’s professional requirements, visit actuaries.asn.au.

Actuarial and Applied Statistics

This is designed for students who want to broaden their degree with more knowledge about statistics and data analysis, but who do not intend to qualify and work as an actuary. It does not include all subjects of the Foundation Program.

See our handbook for more course information. 

Why study

  • There is a strong demand for actuarial graduates in Perth and internationally, in industries that increasingly extend beyond the traditional finance and insurance fields.
  • Curtin is the only university in Western Australia that offers an actuarial science course accredited by the Actuaries Institute (Australia), of the seven universities in Australia that offer this course.
  • Career opportunities are diverse, with potential in health and education, the environment and climate change, public infrastructure and risk management for large companies.
  • You may gain exemptions in the equivalent subjects of the Foundation Program from the Actuaries Institute.

How this course will make you industry ready

Throughout the course you will develop extensive knowledge of mathematics, probability, statistics, and principles of finance and business, to ensure you graduate career-ready.

Student profile

View our student profile table to get an indication of the likely peer cohort for new students at Curtin University. This table provides data on students that commenced undergraduate study and passed the census date in the most relevant recent intake period for which data are available. It includes those admitted through all offer rounds and international students studying in Australia.

Professional recognition

This course is accredited by the Actuaries Institute (Australia).

Career information

Careers

  • Actuary
  • Business analyst
  • Data scientist
  • Mathematician
  • Risk manager
  • Statistician.

Industries

  • Banking
  • Education
  • Financial services
  • Health
  • Mining, oil and gas infrastructure
  • Insurance
  • Public sector finance and infrastructure
  • Superannuation.

Further study

What you'll learn

  • acquire discipline knowledge and professional capabilities to identify a problem, research and interpret the data and apply appropriate techniques to develop an effective solution;
  • understand contemporary issues relevant to the actuarial working environment; demonstrate cross-cultural awareness and respect;
  • apply discipline knowledge and problem solving skills to critically approach challenging, relevant problems and develop innovative solutions
  • show awareness of relevant global developments; understand how to respond to change, by monitoring results and through self-reflection and ongoing learning, in order to apply and adapt knowledge and skills
  • apply computer software appropriately to gather and prepare data, perform calculations, analyse and communicate results; use relevant digital technology to communicate effectively in a manner appropriate to the audience and purpose
  • collaborate with others in teams, displaying high ethical and moral standards in addition to problem solving and time management skills, in order to solve problems relevant to a range of stakeholders

Admission criteria

Curtin requires all applicants to demonstrate proficiency in English. Specific English requirements for this course are outlined in the IELTS table below.

IELTS Academic (International English Language Testing System)
Writing6.0
Speaking6.0
Reading6.0
Listening6.0
Overall band score6.0

You may demonstrate English proficiency using the following tests and qualifications.

I recently attended high school

Applicants with recent secondary education are those whose admission is primarily based on the achievement of the required ATAR within the last two years. This includes applicants whose secondary education was undertaken interstate or overseas.

  • Guaranteed ATAR : 92
  • Essential WACE subjects (pre-requisites)

    Mathematics Methods ATAR, or equivalent.

  • Desirable WACE subjects

    Mathematics Specialist ATAR, or equivalent.

  • STAT entry : Not accepted. May be used to meet English competence requirements.

Please see our correlation comparability for previous TEE subjects, WACE courses and WACE ATAR courses.

Other admission options

Lowest selection rank to which a recent Year 12 student offer was made (including the consideration of any equity or other adjustment factors)

View the lowest selection rank (incorporating ATAR plus any adjustments) of an applicant to which an offer of a place was made in the most relevant recent intake period, this includes any ATAR adjustments.

Selection rank adjustments (previously referred to as ATAR related adjustments)

Details of the types of adjustment factors (bonus points) commonly available to applicants can be found on our StepUp to Curtin webpage.

ATAR and selection rank profile for those offered places wholly or partly on the basis of ATAR in the most recent intake period

View data on the ATAR and selection rank profile of offers made from the most relevant recent intake period.

I have work and life experience

Applicants with work and life experience are those who left secondary education more than two years ago (i.e. who are not classified as recent secondary education applicants) and have not undertaken vocational education training (VET) or higher education study since then.

‘Experience’ includes a combination of factors sufficient to demonstrate readiness for higher education such as mature-age entry, professional experience whether completion of the Special Tertiary Admission Test (STAT) is required or not, community involvement or work experience. Applicants may have undertaken non-formal programs that have helped prepare them for tertiary education or are relevant to the proposed higher education field of study.

  • Guaranteed ATAR : 92
  • Essential WACE subjects (pre-requisites)

    Mathematics Methods ATAR, or equivalent.

  • Desirable WACE subjects

    Mathematics Specialist ATAR, or equivalent.

  • STAT entry : Not accepted. May be used to meet English competence requirements.

Please see our correlation comparability for previous TEE subjects, WACE courses and WACE ATAR courses.

I’ve studied at TAFE or done an apprenticeship

Applicants with vocational education and training (VET) study are those whose highest level of study since leaving secondary education is a VET course. This includes study at a public TAFE or other VET provider, whether a qualification was completed or not. Applicants with VET study may have other qualifications such as a Year 10 or Year 12 secondary school certificate.

  • Guaranteed ATAR : 92 OR
  • TAFE:

    Not accepted. VET study cannot meet the equivalent ATAR requirement.

  • Essential WACE subjects (pre-requisites)

    Mathematics Methods ATAR, or equivalent.

  • Desirable WACE subjects

    Mathematics Specialist ATAR, or equivalent.

  • STAT entry : Not accepted. May be used to meet English competence requirements.

Please see our correlation comparability for previous TEE subjects, WACE courses and WACE ATAR courses.

I’ve gone to university before

Applicants with higher education are those whose highest level of study since leaving secondary education is a higher education course, such as a university degree. This may include applicants who are currently studying a higher education course at another education provider and want to transfer to Curtin University, or applicants who are currently studying at Curtin but want to switch to a different course. It may also include applicants who have completed past study with university and non-university higher education providers.

Not all Curtin courses accept course switchers from other institutions.

  • Curtin offers a variety of bridging courses to help you meet the admission criteria for this course. Find out more about our bridging courses.
  • Essential WACE subjects (pre-requisites)

    Mathematics Methods ATAR, or equivalent.

  • Desirable WACE subjects

    Mathematics Specialist ATAR, or equivalent.

Please see our correlation comparability for previous TEE subjects, WACE courses and WACE ATAR courses.

Curtin course switcher criteria

To switch into this course, you need to have:

  • attained an ATAR of 92, or completed 200 credits over one year, with a course weighted average (CWA) of 80% or higher; and
  • met the prerequisite.

The Maths Methods prerequisite can be met with:

  • Maths Methods ATAR; or
  • MATH1013 Introductory Mathematics or MATH1005 Pre-Calculus (12.5 credits); and
  • MATH1014 Foundations of Calculus.

Students must also complete at least 50 credits of mathematics or statistics, with an average of 80% or higher per unit.

Higher education course switcher criteria

To switch into this course from another higher education course, you need to have:

  • attained an ATAR of 92; or
  • completed 200 credits with a course weighted average (CWA) of 80% or higher; and
  • met the Maths Methods ATAR or unit/s assessed as comparable to Maths Methods ATAR.

Student must also complete at least 50 credits of mathematics or statistics with an average of 80% or higher per unit.

Advanced standing

At Curtin, we understand that everyone’s study journey has been different.

You may have already studied some of the units (subjects) listed in your Curtin course, or you may have work experience that matches the degree requirements.

If this applies to you, you can apply for credit for recognised learning (CRL), which means your previous study is recognised and matched against a similar unit in your intended Curtin course.

A successful CRL application exempts you from having to complete certain units within your course and means you could finish your degree in a shorter amount of time.

CRL is also known as recognition of prior learning, advanced standing and credit transfer.

Use the CRL search to find out how much CRL you qualify for, or contact us at:

Email: crl@curtin.edu.au

Tel: 1300 222 888

CRL search

Fees & charges

Australian and New Zealand student indicative fees

Fee year: 2021

Student typeCost
Commonwealth supported $8,400*

Fees are indicative first year only and are subject to passage of legislation.

*The indicative first-year fee is calculated on 200 credit points, which is the typical full-time study load per year, however some courses require additional study to be completed, in which case the fee will be higher than that shown.

This fee is a guide only. It may vary depending on the units you choose and does not include incidental fees (such as lab coats or art supplies) or the cost of your textbooks – visit other fees and charges for more information. For more information on fees and to determine your eligibility for HECS-HELP or FEE-HELP, please visit fee basics or the Study Assist website

If you’re not an Australian citizen, permanent resident or New Zealand citizen, please see information for international students.

Location

For start dates, please view the academic calendar.

Curtin Perth flag

2022

Semester 1
  • On campus

2023

Semester 1
  • On campus

2024

Semester 1
  • On campus

All endeavours are made to ensure location information for courses is up to date but please note they are subject to change.

The University reserves the right to withdraw any unit of study or program which it offers, to impose limitations on enrolment in any unit or program, and/or to vary arrangements for any program.

How to apply

Please review information on how to apply for the campus of your choice

Please note that each campus has different application deadlines. Please view our application deadlines page for further information.

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Opening hours:
Mon to Fri: 8.30am – 4.30pm, except Tues: 9.30am – 4.30pm (AWST). Closed public holidays.
  • The offering information on this website applies only to future students. Current students should refer to faculty handbooks for current or past course information. View courses information disclaimer.

  • Curtin course code: B-ACTUAR
  • CRICOS code: 038785D
  • Last updated on: November 27, 2021