UNSW Australia and major employers in the financial services industry have joined together to develop undergraduate education which is:
- Targeted at high-achieving school leavers, who are selected on the basis of their character, motivation and leadership potential, as well as their academic achievement
- Offers an integrated sequence of academic studies and industrial training, which is jointly designed and overseen by University academics and employers
- Requires students to work with different industry sponsors
- Provides a tax free scholarship, which helps to serve as a living allowance during both the academic and industry phases of the program Features of the Co-op Scholarship Actuarial Studies Degree
- A 4 year degree including a major in Actuarial Studies
- Industrial training with sponsoring organisations
- Majors or minors in other commerce disciplines
- Covers the new actuarial professional syllabus
After graduation there is no formal obligation for Co-op scholars to seek employment with any of the sponsoring companies.
Likewise, there is no obligation for sponsoring companies to offer employment. However, employers recognise that the scholarship is designed to produce the kind of graduates they are keen to attract for challenging positions in their organisations. It is expected that students will initially consider employment with a sponsor organisation.
Each industrial training period is designed as a structured learning experience, which also complements academic studies.
As a result, learning within academic studies should be accelerated and theoretical subjects will be enhanced with practical insights.
The industry training periods are designed and monitored by university and employer committees. During the training periods, students are expected to conform to professional standards of performance, dress and business hours.
Students can expect to work for three different business sponsors in the industry training periods. Contact with all sponsors of the Co-op course will be possible over the 4 year program through company visits, guest lectures and social events.
The list of companies below details all current and previous sponsors of the Co-op Scholarships degree including Foundation sponsors.
- Australian Prudential Regulation Authority (APRA)
- Commonwealth Bank of Australia - Actuarial
- Colonial First State (formerly Commonwealth Investment Management)
- Ernst & Young ABC
- Finity Consulting
- HIH (1999-2001 and Foundation Sponsor)
- KPMG Actuaries
- Macquarie Bank (Macquarie Investment Management)
- Macquarie Asset and Infrastructure Group
- Medical Benefits Fund of Australia
- IAG - NRMA
- ING (formerly Mercantile Mutual)
- Mercer (formerly William M Mercer)
- Suncorp (formerly GIO)
- Taylor Fry Consulting
- Tillinghast-Towers Perrin
- Tower Australia
- Towers Perrin
- Trowbridge Consulting
- Watson Wyatt Worldwide
Admission to the Actuarial Studies course
Students must submit both an application for admission to, and satisfy entry requirements, for the Bachelor of Commerce Pass degree of the UNSW Business School, and also to the University for admission into the Actuarial Studies Co-op Scholarship. Successful Actuarial Studies applicants should:
- Normally expect to be in the top 5 per cent of high school students in academic results and should also satisfy the entrance requirement to Commerce at UNSW
- Have a strong ability and interest in mathematics and its application to business, and perform very well in mathematics normally at 4 unit level
- Have an ability to communicate and perform well in high school English subjects
- Have a strong interest in a professional business degree
- Be permanent residents of Australia
The University, together with the sponsors, will then select students for the scholarships on the basis of academic merit, motivation and aptitude for the course. Selection is by interview.