Bachelor of Commerce

Actuarial studies subjects as breadth

Actuarial studies provides complementary breadth to students who are taking mathematically based subjects as their major area of study.

Actuarial studies is concerned with applying mathematics and probability theory to a range of problems involving financial uncertainty and risk.

See the About Commerce page for more information about actuarial studies.

Note: to enrol in actuarial studies subjects, you must have completed VCE Units 3&4 Maths Methods (either), with a minimum study score of 25 and Specialist Maths, with a minimum study score of 27 (or equivalent).

 

Suggested subject sequences

Actuarial studies subjects require a background in mathematics.

The following sequences of subjects are available only to students who have completed two first year mathematics subjects and second year subjects in probability and statistics (refer to the Course and Subject Handbook for details of prerequisites.)

 

Introductory Financial Mathematics sequence

37.5 points (3 subjects)

Learn the basics of financial mathematics, including how money accumulates and techniques for analysing instruments such as home loans.

First Year
Introduction to Actuarial Studies
Second Year
Financial Mathematics I
Financial Mathematics II
Third Year
none

 

Financial Mathematics sequence

62.5 points (5 subjects)

Learn how to apply mathematical techniques to a range of financial problems, including personal financial problems and analysing financial instruments such as bonds and shares.

First Year
Introduction to Actuarial Studies
Second Year
Financial Mathematics I
Financial Mathematics II
Third Year
Financial Mathematics III
Models for Insurance and Finance

 

Life Insurance Mathematics sequence

75 points (6 subjects)

Learn the techniques required to build models of human mortality, analyse life insurance data, and price life insurance contracts.

First Year
Introduction to Actuarial Studies
Second Year
Financial Mathematics I
Financial Mathematics II
Third Year
Actuarial Modelling I
Contingencies (25 points)

 

Actuarial Statistics sequence

62.5 points (5 subjects)

Learn how to apply techniques from probability and statistics to problems in areas including financial modelling, life insurance and general insurance.

First Year
Introduction to Actuarial Studies
Second Year
Financial Mathematics I
Financial Mathematics II
Third Year
Actuarial Modelling II
Actuarial Statistics

 

More information

Contact the Commerce Student Centre:

Upper Ground floor, ICT Building
111 Barry St
The University of Melbourne

Tel: +61 3 8344 5317
Toll Free: 1800 666 300
Fax: +61 3 9347 3986
Queries and to send an email:
http://ecom-unimelb.custhelp.com

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