Actuarial courses require a sound knowledge of mathematics and statistics. Actuaries aim to evaluate the likelihood of future events and to evaluate the risks that insurers, superannuation funds, banks, businesses and individuals face.
Since actuaries measure and analyse the financial impact of risk and uncertainty, the courses are based on developing an understanding of the application of mathematical models based on insurance and financial mathematics.
As a broad based business discipline, Actuarial Studies combines studies in mathematics, statistics, accounting, economics, finance and their application to financial management in general insurance, health insurance, life insurance, superannuation, funds management, banking and finance.
Risk management aims to provide a framework for risk decision making and the required tools and knowledge of the business environment.
New majors available in the Bachelor of Actuarial Studies
After extensive consultation with the school’s industry partners, including in particular the school’s industry advisory board, as well as feedback from current students, two new majors have been introduced for students in the Bachelor of Actuarial Studies (including dual awards) and Bachelor of Actuarial Studies (Co-Op):
Existing majors such as accounting, finance, financial economics, and information systems continue to be available and can be found here.