The Actuarial program at UNSW is the most in-demand actuarial program in Australia, and is one of the most successful, innovative, and prestigious actuarial programs in the world. It is highly regarded as it sits at the forefront of actuarial education, research, and engagement with industry.

The reputation that UNSW has built is highly valued by employers of actuarial graduates. The actuarial studies program at UNSW has close links with the major employers especially through our School’s Industry Advisory Board, the Co-op Steering Committee, as well as major collaborative research projects linking UNSW and industry partners. 

Employers provide input into the program to ensure it is relevant to their needs and provide guest lectures and seminars to students aimed at providing additional practical insights. Actuarial academic staff are world leaders in actuarial studies, which ensures that the courses are forward-looking and up to date with the latest developments in both academic research and industry needs. This has been recognised by prestigious actuarial rankings which puts the School of Risk and Actuarial Studies as the number one ranked Actuarial Science department within business schools globally.

The UNSW program is recognised by the Actuaries Institute and professional actuarial bodies in other countries. UNSW has developed a reputation for being innovative and broadening opportunities for actuaries in the financial services industry. The Actuarial Studies program at UNSW is based in the UNSW Business School which is highly regarded as the leading Business School in Australia. UNSW Risk and Actuarial Studies academics are extremely dedicated educators, and have implemented the latest teaching techniques program-wide, combining the best elements of traditional and digital learning methods in the program to help you learn in ways that fit your learning needs best. You will also be part of a highly collegial learning community of actuarial studies students, including our highly lauded PASS (Peer Assisted Study Sessions) program and very active UNSW Actuarial Students Society (ASOC).

Study in the field of risk and actuarial requires 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 the following areas:  

  • Mathematics 
  • Statistics 
  • Accounting 
  • Economics 
  • Finance 


Students may choose to do a Risk Management major or an Actuarial Studies major.


Honours in Actuarial Studies provides an introductory but rigorous training in the research process.


Study the Master of Risk Management and gain a broad understanding of risk management.

Careers in Risk & Actuarial

Actuarial and risk management graduates are in demand from a wide range of employers in increasingly diverse areas.

Co-op Scholarship

The Actuarial Studies Co-op Program is a four year scholarship program with fifteen months of industry training.

Professional recognition

Our actuarial program is accredited by the Actuaries Institute in Australia.