Risk Management and Insurance

Students who complete this major and who wish to pursue a professional actuarial qualification are eligible for entry to the Master of Actuarial Studies (1.5 years) at University of New South Wales (minimum credit average 65% grade), the Master of Actuarial Practice (1.5 years) at Macquarie University (minimum GPA of 3) and the Master of Actuarial Statistics (1 year) or Master of Actuarial Studies (2 year) programs at ANU (minimum 65% grade in last two years of study). Students may also qualify for exemptions and should contact program directors about the level of professional qualification offered in each Masters degree.

Course Program

The major study has the additional requirements that the following subjects be completed from the elective list: STAT131, STAT304, STAT333, ECON205, FIN320 and FIN328.

For the non-Honours program, MATH305 and STAT335 must also be completed.


Subjects		Session	Credit Points
100-Level
ACCY100	Accounting 1A	Autumn	6
MATH187	Mathematics 1: Algebra and Differential Calculus	Autumn	6
STAT131	Variation and Uncertainty	Autumn	6
MATH188	Mathematics 2: Series and Integral Calculus	Spring	6
ACCY102	Accounting 1B	Spring	6
ECON111	Introductory Microeconomics	Spring	6
MATH111	Applied Math Modelling	Spring	6
ISIT111	Business Programming 1	Autumn	6
or
CSCI114	Procedural Programming	Autumn	6
200-Level
FIN221	Introductory Business Finance	Autumn	6
ECON101	Macroeconomic Essentials	Autumn	6
MATH201	Multivariate & Vector Calculus	Autumn	6
STAT231	Probability & Random Variables	Autumn	6
ECON205	Macroeconomic Policy & Theory	Spring	6
FIN223	Investment Analysis	Spring	6
MATH202	Differential Equations 2	Spring	6
STAT232	Estimation & Hypothesis Testing	Spring	6
300-Level
FIN323	Portfolio Management	Autumn	6
MATH203	Linear Algebra	Autumn	6
MATH317	Financial Calculus	Autumn	6
STAT304	Applied Probability & Financial Risk	Autumn	6
MATH305	Partial Differential Equations	Spring	6
FIN320	Risk and Insurance	Spring	6
FIN322	Advanced Business Finance	Spring	6
STAT332	Multiple Regression and Time series	Spring	6
400-Level (Non Honours)
FIN328	Retirement and Estate Planning	Autumn	6
STAT335	Sample surveys & Exp’l Design	Autumn	6
ECON331	Financial Economics	Autumn	6
STAT333	Statistical Inference & Multivariate Analysis	Spring	6
Plus 24 credit points of electives.
400-Level (Honours)
ACCY407	Empirical Research Methods	Autumn	6
FIN328	Retirement and Estate Planning	Autumn	6
STAT333	Statistical Inference & Multi. Analysis	Spring	6
INFO401	Honours Project	Annual	12
Plus 18 credit points of electives.