The Actuarial Science degree offered by Curtin University is a way of completing the Foundation Program, the first part of a prospective actuary's educational journey. The Foundations Program is divided into 6 Core Principle subjects:

  • CS1: Actuarial Statistics 1

  • CS2: Risk Modelling and Survival Analysis

  • CM1: Actuarial Mathematics 1

  • CM2: Financial Engineering and Loss Reserving

  • CB1: Business Finance

  • CB2: Business Economics

For each Core Principle subject, there is a corresponding satellite exam hosted by the UK organisation, the Institute and Faculty of Actuaries (IoFA). As an accredited university, Curtin may allow Actuarial Science students the opportunity to gain exemptions from these exams throughout their degree if they achieve a certain standard in each subject. The exemption criteria for the new curriculum subjects are not yet known, although it may well be similar to what it has been previously: an average of 73+ and a minimum of 65 in the units relating to each subject. The previously mentioned external exams can be sat if a student does not achieve the required score. The Core Principle subject to Curtin unit mapping is shown below. More information regarding the pathway to becoming an actuary can be found via the Actuaries Institute website. Please note that passing these subjects is only necessary for pursuing the full actuarial pathway, not graduating from the Curtin degree.

Actuarial Science Major

This stream covers all six Core Principle exemptions

Semester One:

  • MATH3009 Contingencies 1 CM1

  • STAT3010 Financial Engineering 2 CM2

  • MATH3008 Survival Model and Analysis CS2

  • Optional Unit

Semester Two:

  • STAT2004 Analytics for Observational Data

  • MATH3010 Contingencies 2 CM1

  • STAT3008 Provisioning Techniques CM2

  • STAT3009 Risk Analysis CS1

Actuarial and Applied Statistics

This stream does NOT cover all six Core Principle exemptions, however is a broader degree.

Semester One:

  • STAT2003 Analytics for Experimental and Simulated Data

  • STAT3000 Statistical Inference

  • MATH3008 Survival Models and Analysis CS2

  • Elective Unit

Semester Two:

  • STAT2004 Analytics for Observational Data

  • MATH3004 Industrial Project

  • Elective

  • Elective

CT Units may be chosen as electives.

See course handbooks and the SAS Guide for more information:

Actuarial Science Major

Actuarial and Applied Statistics

SAS Guide