Upon successful completion, students will be able to: 1. utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations 2. interpret the accounts and financial statements of companies and financial institutions. 3. describe the fundamental concepts of micro and macroeconomics. 4. apply mathematical statistics, regression modeling and other statistical techniques to actuarial problems 5. describe and apply stochastic processes, survival models and their application in actuarial contexts 6. model and value cashflows dependent on death, survival, illness, retirement, and other contingencies 7. apply risk modelling techniques across a variety of financial contexts

• An Australian year 12 qualification or international equivalent; OR • A completed Associate Diploma, Associate Degree, AQF Diploma, Diploma, AQF Advanced Diploma, Graduate Certificate or international equivalent; OR • At least one standard full-time year (1.0 FTE) in a single program of degree level study at an Australian higher education institution or international equivalent; OR • An approved tertiary preparation course unless subsequent study is undertaken. IELTS 6.0 overall (min. 5.5 in each subtest) TOEFL iBT 68 overall (min. 18 in writing) TOEFL PBT 550 overall (min. 4.0 in TWE) PTE An overall score of 57 with a minimum score of 50 in each of the communicative skills.