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Units in second semester 2020 may be delivered online and in alternative formats whilst restrictions in relation to the COVID-19 pandemic are in place.

Actuarial Science

Actuarial Science

Bachelor Degree

B-ACTUAR

Course
Bachelor of Science (Actuarial Science)
Admission criteria
Guaranteed ATAR 92
CRICOS
038785D
Duration
3 years full-time
Credit
600
Location
Curtin Perth

Outline

Learn to predict the effects of long-term risk in financial decisions and planning.

Actuarial and Financial Sci

Top 1%

Curtin is ranked in the top one per cent of universities worldwide (Academic Ranking of World Universities 2019)

Cutting-edge

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

Professional recognition

Professionally accredited by the Actuaries Institute (Australia). 

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.

They are tasked with solving business problems and analysing future financial events, especially when the amount or timing of a payment is uncertain.

Actuaries may also assess when and where devastating weather events may hit, to help predict risks and their associated costs for investments or insurance.

In this course, 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 for admission to the Actuarial Science major.

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 www.actuaries.asn.au.

Actuarial and Applied Statistics

This major 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.

Following completion of your three-year degree (Actuarial Science major), you may apply for entry to the one-year honours program. Entry criteria is based on a combination of CWA (75 or above) and gaining exemptions from most of the Foundation Program subjects.

See our handbook for more course information. 

Why study

  • Curtin is the only university in Western Australia that offers an actuarial science course accredited by the Actuaries Institute (Australia), and is one of only seven universities in Australia that offers this course.
  • We actively assist our graduates to gain employment through our work experience program.
  • There is a strong demand for actuarial graduates in Perth and internationally, in industries that increasingly extend beyond the traditional finance and insurance fields.
  • Opportunities may exist in health and education, the environment and climate change, public infrastructure, genetics and risk management for large companies. 

How this course will make you industry ready

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

You can also gain exemptions in the equivalent subjects for the Part I exams for the Actuaries Institute.

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
  • Insurance
  • Mining, oil and gas infrastructure
  • 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

Entry requirements

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)
Writing 6.0
Speaking 6.0
Reading 6.0
Listening 6.0
Overall band score 6.0

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

Cut-off scores

Please note: The cut-off scores below are for 2018 only.

Qualification Score
GCE/STPM/HKALE (A-levels - best of three) 13
HKDSE 24
IB 34
Ontario Gr 12 (best of 6) 84
ATAR (including WACE/SACE/HCE/VCE) 92
WAUFP (CPS) 72
India (CBSE) 85%
India (HSC) 88%
Sri Lanka 13

Please select a country above.

Essential course prerequisites

Mathematics (including calculus). Further mathematics is desirable.

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 at another educational institution, or you may have work experience that matches the degree requirements.

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: ci-enquiries@curtin.edu.au
Tel: 1300 222 888

CRL search

Fees & charges

International student indicative fees for 2020

Fee year: 2020

International onshore – fee paying Cost
Offer letter (100 credit) published fee $16,000*
Total indicative course fee $96,300*
Indicative year 1 fee $32,000*

The fees shown above apply to international students studying on-campus in Western Australia. The indicative tuition fee is subject to an annual tuition fee increase of up to 5 per cent and may be subject to legislative change.

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. For information about fees at other locations please contact the relevant campus or partner institution by visiting Curtin International’s offshore site.

Location

For start dates, please view the academic calendar.

On Campus

Semester 1 and Semester 2

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.

Apply now

Help is at hand

  • 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: June 4, 2020