科廷科技大學

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.

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.

Professional recognition

This course is accredited by the Actuaries Institute (Australia).

Career information

Careers

Actuary
Business analyst
Data scientist
Mathematician
Risk manager
Statistician

Industries

Data analytics
Education
Enterprise risk management
Environment and climate change
Financial services
Health
Public infrastructure

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.