Bachelor of Actuarial Studies / Science (Advanced Mathematics) (Honours)

5 Years On Campus Bachelors Program

University of New South Wales

Program Overview

The Bachelor of Actuarial Studies / Science (Advanced Mathematics) (Honours) at UNSW Sydney is a five-year double degree that combines actuarial studies with advanced mathematics. It is designed for students who enjoy working with numbers, statistics and problem-solving, and who want to build strong analytical skills for careers in risk, finance, insurance and data-focused industries.

Curriculum structure

Year 1
In your first year, you build a strong foundation in mathematics, statistics and introductory actuarial concepts. Subjects such as Higher Mathematics 1A, Higher Mathematics 1B and introductory actuarial studies develop your core analytical and problem-solving skills.

Year 2
In second year, you move into core actuarial and advanced mathematics subjects. You study probability, financial mathematics and linear algebra, learning how to model real-world financial and risk-related problems using quantitative methods.

Year 3
In third year, the focus shifts to more specialised actuarial studies and advanced mathematics. You explore risk modelling, statistics and financial theory, gaining a deeper understanding of insurance systems, investments and data-driven decision-making.

Year 4
In fourth year, you study advanced actuarial practice and honours-level mathematics. You work on complex modelling tasks and applied financial mathematics, building strong research and analytical skills needed for professional practice.

Year 5
In the final year, you complete advanced actuarial subjects, electives and research-based projects. This stage focuses on integrating mathematics, statistics and finance to prepare you for real-world actuarial and analytical roles.

Focus areas (in a string):

Actuarial science, financial mathematics, probability, statistics, risk modelling, investment analysis, data analytics, advanced mathematics, insurance mathematics, quantitative finance

Learning outcomes (in a string):

Apply advanced mathematical and statistical methods, model financial and insurance risk, analyse complex data sets, develop predictive models, solve real-world actuarial problems, evaluate financial systems, communicate quantitative insights, demonstrate strong analytical and professional skills

Professional alignment (accreditation):

The program is aligned with the Actuaries Institute Australia, supporting progression toward professional actuarial accreditation and recognition within the global actuarial profession.

Reputation (employability rankings):

UNSW Sydney is consistently ranked among the world’s leading universities for mathematics and finance-related disciplines and is well known for strong graduate employability and industry connections in actuarial and quantitative fields.

Experiential Learning (Research, Projects, Internships etc.)

At the University of New South Wales (UNSW), students pursuing a Bachelor of Actuarial Studies / Science (Advanced Mathematics) (Honours) are immersed in a dynamic learning environment that emphasizes practical skills and real-world applications. The program is designed to equip you with the analytical and problem-solving abilities needed to excel in the actuarial field. With access to state-of-the-art facilities and cutting-edge tools, you will engage in hands-on experiences that enhance your understanding of complex mathematical concepts and their applications in finance, insurance, and risk management.

Here are some key aspects of the experiential learning opportunities available in this program:

- Group Projects: Collaborate with peers on real-world case studies and projects that simulate industry challenges, fostering teamwork and communication skills.
- Internships: Gain valuable industry experience through internship opportunities with leading actuarial firms, allowing you to apply your knowledge in a professional setting.
- Software Proficiency: Learn to use industry-standard software such as R, Python, and Excel, which are essential for data analysis and modeling in actuarial practice.
- Field Trips: Participate in excursions to financial institutions and actuarial firms, providing insights into the day-to-day operations and challenges faced by professionals in the field.
- Research Laboratories: Access dedicated research facilities where you can engage in advanced mathematical modeling and statistical analysis, guided by experienced faculty members.
- Libraries and Resources: Utilize the extensive resources available at UNSW, including specialized libraries and databases that support your research and learning needs.
- Actuarial Institute: Benefit from connections with the Actuaries Institute and other professional organizations, which offer networking opportunities, workshops, and seminars.

These experiential learning components are designed to ensure that you not only understand theoretical concepts but also gain the practical skills necessary to thrive in your future career.

Choosing UNSW for your Bachelor of Actuarial Studies / Science (Advanced Mathematics) (Honours) means stepping into a world of opportunities that will prepare you for a successful career in actuarial science.

Progression & Future Opportunities

Graduates of the Bachelor of Actuarial Studies / Science (Advanced Mathematics) (Honours) at the University of New South Wales (UNSW) are well-equipped for a variety of rewarding careers in the finance and insurance sectors. With a strong foundation in advanced mathematics and actuarial principles, you can expect to pursue roles such as Actuary, Risk Analyst, Data Scientist, or Financial Consultant. The demand for skilled professionals in these areas continues to grow, making this degree a valuable investment in your future:

- University Services: UNSW offers dedicated career services, including resume workshops, interview preparation, and networking events with industry professionals to help you secure internships and job placements.
- Employment Stats and Salary Figures: According to recent data, over 90% of UNSW graduates find employment within four months of graduation, with starting salaries averaging around AUD 70,000 to AUD 80,000 per year, depending on the role and industry.
- University–Industry Partnerships: UNSW has strong connections with leading companies in finance and insurance, such as Deloitte, KPMG, and QBE, providing students with opportunities for internships and real-world projects that enhance learning and employability.
- Long-term Accreditation Value: The program is accredited by the Actuaries Institute, ensuring that your degree meets industry standards and enhances your professional credibility.
- Graduation Outcomes: Graduates are not only prepared for immediate employment but also possess the skills and knowledge necessary for long-term career advancement in a dynamic job market.

Further Academic Progression: After completing your Bachelor of Actuarial Studies / Science (Advanced Mathematics) (Honours), you may choose to further your education by pursuing a Master’s degree in Actuarial Studies, Data Science, or Finance. Additionally, you can work towards professional qualifications through the Actuaries Institute, which will open doors to even more advanced career opportunities and specializations in the field. This pathway not only enhances your expertise but also significantly boosts your earning potential and career prospects in the long run.