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University of New South Wales (UNSW)

  • 34% international / 66% domestic

Bachelor of Actuarial Studies / Economics

  • Bachelor

Do you enjoy advanced mathematics? Are you interested in how government and business policy influence society?

Key details

Degree Type
Bachelor
Duration
4 - 4 years full-time
Study Mode
In person
Domestic Fees
$13,000 per year / $224,000 total

About this course

Overview

Do you enjoy advanced mathematics? Are you interested in how government and business policy influence society? This double degree gives you econometric analysis skills combined with financial mathematics knowledge to make better decisions in business and government policy or as an actuary. Graduate career-ready with professional experiences available as part of your studies.

Key features
  • Two degrees in only four years

  • You'll be able to study one or two Economics majors choosing from Macroeconomics and Financial Markets, Data Analytics and Econometrics, and Economic Policy and Society

  • Option to choose another major from the Bachelor of Commerce

  • Professional development courses and experiences

  • Accredited by industry bodies including Actuaries Institute and Society of Actuaries
Why study this degree at UNSW?

UNSW Business School has been ranked Australia's #1 Business School*. That means our business education leads the way in career impact, quality and reputation.

This double degree gives you a deep understanding of how society both influences and is influenced by the economy; coupled with analytical mathematical problem-solving skills. This future-focused program will train you to identify opportunities and adapt to challenges in preparation for careers that may not even exist yet.

Stand out in a competitive job market with this complementary skillset. You'll make connections among our global alumni network and get real work experience. Career Accelerator provides a portfolio of professional development opportunities that are exclusive to UNSW Business School students and embedded within our degrees.

*QS World University Rankings by Subject 2024

Program Code
3588
CRICOS Code
077867A
Campus
Kensington
UAC Code
424350
Total Units of Credit (UOC)
192
Indicative Enrolments
66
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Entry requirements

Entry requirements

Entry to this degree is based on your Australian Tertiary Admission Rank (ATAR) or an equivalent rank derived from the following:

  • Australian interstate Year 12 qualifications (e.g., OP rank)

  • New Zealand NCEA Level 3

  • Equivalent overseas qualifications e.g., International Baccalaureate (IB) Diploma, GCE A-Levels

  • Post-secondary or tertiary qualifications

  • An alternative entry qualification

2023 Lowest Selection Rank 1
98
2023 A levels 2
21
2023 IB Diploma 3
41
2023 Lowest ATAR 4
88.05*
    1. The 2023 Lowest Selection Rank (LSR) is the adjusted rank (ATAR plus adjustment factors) you would have needed to gain entry to this degree in 2023.
    2. The 2023 A levels score is based on four Advanced Level (A2) subject. Entry scores are calculated from the best three or four A2 subjects (excluding repeated subjects) using the following values: A*=6, A=5, B=4, C=3, D=2, E=1. At most one Applied A Level subject may be included in the best four subjects used to calculate the aggregate.
    3. The 2023 IB Diploma is an indication of the IB you would have needed to gain entry to this degree in 2023. It is to be used as a guide only.
    4. The 2023 Lowest ATAR is the lowest ATAR (before adjustment factors were applied) to which an offer was made. Where <5 is listed, this indicates that less than 5 ATAR-based offers were made and so the score has not been published. N/A indicates no offers were made on the basis of ATAR.
  • At UNSW, we are committed to ensuring prospective students have all the information they need in order to make informed decisions about their study options.

    To assist you in gaining a better understanding of how Admissions works at UNSW, we have provided you with a summary of ATAR offers and the student profile.

    We hope this information will help you identify the degree that is right for you.

    See more
Assumed knowledge

Mathematics Extension 1. For Bachelor of Commerce, Economics, Information System, Science, Science (Advanced Mathematics)(Honours) and Science (Computer Science): Refer to the relevant non-actuarial degree entry

Adjustment Factors


We offer a range of adjustment factor schemes that reward students for academic performance and extra-curricular achievements. These schemes also take into account a range of personal and educational disadvantages that may have affected your studies.

HSC Plus
This scheme rewards students who perform well in Year 12 subjects that are relevant to their preferred UNSW degree. You may be awarded up to five points.

Elite Athletes, Performers and Leaders (EAPL)
This program recognises achievements in the areas of sport, academia, leadership and music at an elite level. You may be eligible for up to five points.

Educational Access Scheme (EAS)
Factors such as illness, financial hardship, language difficulties or attending a particular school can mean you don't always get the best possible marks in Years 11 and 12. If one of these situations applies to you, submit an application for the Educational Access Scheme (EAS) via UAC. Eligible students can receive between 1 and 10 points towards their chosen UNSW degree.

Admission pathways


Your ATAR is not the only measure of your potential to succeed, which is why we offer a range of pathways into university. Explore your options below and get in touch with our future student advisors to discuss your path to UNSW.

Gateway Admission Pathway
This scheme is open to students in Years 11 and 12 who attend Gateway schools. It significantly adjusts the ATAR requirements for your preferred UNSW degree and provides you with an early conditional offer to UNSW.

Entry programs for Australian Aboriginal and Torres Strait Islander people
We offer entry programs for Indigenous Australians, including the Indigenous Preparatory Programs and the Indigenous Admission Scheme (IAS). The entry pathway program you apply for will depend on the degree you want to study.

English language requirements

You may be asked to provide evidence of your English proficiency to study at UNSW depending on your educational background and citizenship. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.

If you're completing an Australian Year 12 qualification (e.g. NSW HSC or equivalent), you do not need to provide anything extra to prove your proficiency. Your qualification will be used as evidence of your English proficiency.

If you do need to provide evidence of your English proficiency, this will be indicated in your application. You can prove this by providing evidence that you meet one or more of the following criteria:

  • English language tests and university English courses
  • Prior study in the medium of English
  • Other qualifications

If you need to improve your English skills before you start your degree, UNSW College's Academic English Programs are for you. The programs are suitable for various English levels and help you prepare for university studies and life in Australia.

International direct entry
I studied in:
Qualifications Direct entry requirement
International ATAR
93
UNSW Foundation Studies GPA
8.5
Great Britain General Certificate of Education (GCE A levels)
15

All applicants must present a minimum of two Advanced Level (A2) subjects. Entry Scores are calculated from the best two, three, or four A2 Level subjects (excluding repeated subjects) using the following values: A*=6, A=5, B=4, C=3, D=2 and E=1.

International Baccalaureate Diploma (IB)
36

Results based on scores required for entry into UNSW in 2019 and are only applicable if the Diploma has been completed. Students currently attempting the IB can apply directly to UNSW or through the Universities Admissions Centre (UAC). For more details, visit www.uac.edu.au

Scholastic Aptitude Test (SAT) (after 2016)
1310

Scholastic Aptitude Test (SAT) based on the total of evidence-based reading and writing and mathematical test scores. Must be provided in conjunction with evidence of successful completion of senior secondary studies.

We do not accept secondary qualifications from this country. We may accept tertiary study results, please contact us for more information.

Please contact us for direct entry requirements.

Admission pathways

The pathways to study at UNSW Business School include UNSW Foundation studies and our Diploma of Business, which offers a direct pathway to the second year of UNSW's Bachelor of Commerce. Visit UNSW Global for more information.

English language requirements


You may be asked to provide evidence of your English proficiency to study at UNSW depending on whether you are from an English-speaking background or non-English speaking background. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.

If English is not your first language, you'll need to provide proof of your English proficiency before you can be given an offer to study at UNSW. You can do this by providing evidence that you meet one or more of the following criteria:

  • English language tests and university English courses
  • Prior study in the medium of English
  • Other qualifications

If you need to improve your English skills before you start your degree, UNSW College's Academic English Programs are for you. The programs are suitable for various English levels and help you prepare for university studies and life in Australia.

Check the specific English language requirements for this program
Select from the options below *
Which applies to you? *

Study locations

Kensington

Career pathways

Future careers

Find yourself in demand with technical and specialist skills to pursue the role of an actuarial analyst as well as a solid grounding in core areas of economics and econometrics. The financial services industry, including banks, insurers and consultancies, value the rigorous quantitative risk analysis training involved in Actuarial Studies. UNSW Business School's Career Accelerator provides work experiences to help get you started.

Potential careers
  • Actuarial Analyst
  • Asset Management Trainee
  • Business Consultant
  • Credit Analyst
  • Data Analyst
  • Economics and financial forecaster
  • Economics researcher
  • Financial analyst
  • Insurance Analyst
  • Investment Banker
  • Policy adviser
  • Risk Assessment Officer
  • Statistical analyst
  • Superannuation Adviser
  • Wealth Management Analyst
Honours

Take your Actuarial Studies knowledge to the next level with an additional one-year Honours degree, where you'll gain advanced knowledge and research skills in your chosen area of business. You'll have the opportunity to be mentored by top-tier researchers and work on industry relevant projects while undertaking a significant research thesis. Graduate with advanced knowledge, analytical, problem-solving and research skills that are highly sought after in business and government. Learn more about Actuarial Studies Honours.

Accreditation

The Bachelor of Actuarial Studies provides a strong foundation for becoming an actuary or working within a related field. You can earn exemptions from the Actuaries Institute's Foundation Program in Australia or VEE credit from the Society of Actuaries (USA).