Risk Management and Insurance
NOTE: All students completing a BMathFin degree and working in the finance industry are eligible to apply for Associate Membership of the Financial Services Institute of Australasia (FINSIA).
Suggested course content and sequence
First Year
Autumn
ACCY100 Accounting 1A
MATH187 Mathematics 1A Part 1
STAT131 Variation and Uncertainty #
ISIT111 Business Programming 1
(or CSCI114 Procedural Programming)
# Not compulsory but highly recommended
Spring
ACCY102 Accounting 1B
ECON111 Introductory Microeconomics
MATH111 Applied Math Modelling
MATH188 Mathematics 1A part 2
Second Year
Autumn
FIN221 Introductory Business Finance
ECON101 Macroeconomic Essentials
MATH201 Multivariate & Vector Calculus
STAT231 Probability & Random Variables
Spring
ECON205 Macroeconomic Policy & Theory
FIN223 Investment Analysis
MATH202 Differential Equations 2
STAT232 Estimation & Hypothesis Testing
Third Year
Autumn
FIN323 Portfolio Management
MATH203 Linear Algebra
MATH317 Financial Calculus
STAT304 Applied Probability & Financial Risk
Spring
ECON331 Financial Economics
FIN320 Risk and Insurance
FIN322 Advanced Business Finance
STAT332 Multiple Regression and Time series
Fourth Year (Non Honours)
Autumn
FIN328 Retirement and Estate Planning
STAT335 Sample surveys & Exp’l Design
Elective*
Elective*
Spring
STAT333 Statistical Inference & Multivariate Analysis
MATH305 Partial Differential Equations
Elective*
Elective*
* MATH/STAT 300-level subjects highly recommended
Fourth Year (Honours)
Autumn
ACCY407 Empirical Research Methods
FIN328 Retirement and Estate Planning
INFO401 Honours Project
Elective*
Spring
INFO401 Honours Project
STAT333 Statistical Inference & Multi. Analysis
Elective*
Elective*
* Must be two 400-level subjects with at least one MATH/STAT/INFO subject. MATH472 Honours Topics in Mathematics B (Numerical Methods in Finance) highly recommended
Note: Students wishing 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.
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