Course details

Summary

The Bachelor of Science is a three-year undergraduate degree designed to inspire you and provide the skills and knowledge you need to work in one of the many exciting fields of science. Get your degree from the number-one ranked university in New Zealand for research quality. You'll absorb knowledge, observe phenomena, experiment with ideas and maybe even be part of making new discoveries. Scientific knowledge is powerful and reliable. It can be used to develop new technologies, treat diseases, protect the environment and address many other sorts of problems. Be part of something that can change the world for the better.

Learn to help companies and organisations manage risk and better plan for the future. Actuarial Science brings economics, mathematics and statistics together to make forecasts about risks. Study at the only university in New Zealand to offer a major in this subject. You'll get the knowledge and skills you need to set you on the path to become a qualified actuary.

If you choose this major, you might consider taking it alongside a second major in Economics, Finance, Mathematics or Statistics.

Course Structure

For this degree you'll need to:

Complete at least 360 points, of which:

• At least 270 points must be from courses listed for the BSc
• At least 210 points must be from 200 and 300-level courses, including:
• At least 150 points must be from courses listed for the BSc
• At least 75 points must be from 300-level courses listed for the BSc

Courses listed for other degrees may be counted as being BSc courses, including:

• A maximum of 30 points if taken to satisfy a BSc major
• A maximum of 30 points if taken to satisfy a second major from another first degree at this university
• A maximum of 60 points across both these categories
• Complete one course in MATH, PHYS, QUAN, STAT (or an approved equivalent) at any level
• Complete one approved course that demonstrates competency in oral and written communications

In addition to the degree requirements, for this major you'll need to complete:

Six courses at 100 level:

• Accounting (ACCY 111)
• Microeconomic Principles (ECON 130)
• Macroeconomic Principles (ECON 141)
• Calculus 1B (MATH 142)
• Either Algebra (MATH 151) or at least a B+ in Mathematics for Economics and Finance (QUAN 111)
• Probability and Decision Modelling (MATH 177)

Four courses at 200 level:

• Financial Mathematics (ACTS 201)
• Intermediate Microeconomics (ECON 201)
• Either Introduction to Corporate Finance (FINA 201) or Introduction to Investments (FINA 202)
• Mathematical Statistics (MATH 277)

Four courses at 300 level:

• Actuarial Science (ACTS 301)
• Either Financial Economics (FINA 306) or Risk Management and Insurance (FINA 307)
• Statistical Models for Actuarial Science (STAT 335)

One further course from:

• Econometrics (ECON 301)
• Game Theory (ECON 314)
• Information Economics (ECON 339)
• Financial Econometrics (FINA 304)
• Investments (FINA 305)
• Financial Economics (FINA 306)
• Risk Management and Insurance (FINA 307)
• Probability and Random Processes (MATH 377)
• Statistical Inference (STAT 332)
• Linear Models (STAT 393)

At the end of your three-year BSc you can continue your learning with postgraduate studies. Give your career options a boost and choose from a range of postgraduate science programmes offered by Victoria.

Entry criteria

To be accepted into this degree you need:

• Achievement of the International Baccalaureate Diploma
• Successful completion of the All-India Senior School Certificate (AISSC) with an average of 75 per cent or higher overall
• Successful completion of the India School Certificate (ISC) with an average of 75 per cent or higher overall

Other English Language requirements:

• TOEFL: minimum overall score of 80 (internet-based test)
• Pearson Test of English: minimum score of 58 (with a 'Communicative score' of not less than 50)
• EPP: minimum final scores of 4,4,4,3
• A grade of 65% or higher in English in the AISSC or ISC.