Actuaries analyse mathematical, statistical, demographic, financial and economic data in order to predict and assess the effects of long-term risks involved in financial decisions and planning. They find strategies for minimising the impact of undesirable events on business and industrial organisations.
Actuaries are often tasked with solving business problems. For example, they may analyse future financial events, especially when the amount or timing of a payment is uncertain. Actuaries may also assess when and where devastating storms may hit to help predict risks, and their associated costs, for investments or insurance.
In this course, you will develop the mathematical and statistical techniques relevant to model industrial and commercial processes against a financial and economic background. You will also learn to identify the risk factors and determine the price and cost of those risks.
In your third year you will choose to specialise in actuarial science or actuarial and applied statistics. To be eligible for entry to the actuarial science major, there is a minimum course-weighted average mark that you must have achieved.
- Curtin is the only university in Western Australia which offers an actuarial science course that has been accredited by the Institute of Actuaries Australia, and one of only seven universities offering this course in Australia.
- There is a strong demand for actuarial graduates in Perth
- Our school is still relatively small. We actively assist our graduates to gain employment through our work experience program
- The QS World Rankings 2012 lists Curtin as one of the top 100 universities in the world to study statistics and operational management.
- Actuaries are in demand internationally, in industries that increasingly extend beyond the traditional finance and insurance fields.
- Opportunities may exist in health and education, the environment and climate change, public infrastructure, genetics and risk management for large companies.
This course can help you become a:
- Business Analyst
- Data Analyst
- Risk Manager
High achieving students may complete an additional honours year enabling them to undertake their own significant research project.
Entry Requirement: Year 12 equivalent
Intakes: February, July
Course Duration: 3 years