Undergraduate · Mathematics
Bachelor of Actuarial Studies
Australian National University, Canberra, ACT, Australia
About this program
ANU's actuarial degree exists because ANU holds Centre of Actuarial Excellence status from the US Society of Actuaries (a fairly small list of universities globally carry that designation), and the course sequence is built to satisfy accredited requirements from the Actuaries Institute directly, meaning graduates head into the professional exam process with the academic component largely done rather than facing years of additional exemption-chasing.
The practical quirk worth knowing: first-year mathematics isn't one-size-fits-all. Students can take the standard MATH1113 or split it into MATH1013/1014 (recommended for those less confident mathematically) or the more advanced MATH1115/1116 pairing. That's a level of built-in flexibility that reflects how varied students' high school maths backgrounds actually are coming in, rather than assuming a uniform starting point.
Many students pair it as a double degree with Finance or Accounting, since the actuarial profession increasingly overlaps with quantitative finance and risk roles beyond traditional insurance. ANU's proximity to APRA and Treasury in Canberra gives actuarial students a slightly different graduate destination mix than the Sydney-heavy insurance industry pipeline most Australian actuarial grads follow.
Cost & duration
English test scores
Course structure
4 terms of coursework
- Year 1: Mathematics (MATH1113, or split as MATH1013/1014 or advanced MATH1115/1116 depending on background), Foundations of Finance, Principles of Economics, Statistics
- Year 2: Probability and Statistical Models, Life Contingencies, Financial Mathematics, electives
- Year 3: Actuarial Statistics, Actuarial modelling electives satisfying Actuaries Institute accreditation, transdisciplinary problem-solving course, remaining electives
- Total: 144 units, 24 courses
- common double-degree pairing with Finance or Accounting
Admissions
Year 12 completion, ATAR approx 90 or equivalent