| Program start date | Application deadline |
| 2024-07-08 | - |
| 2024-11-11 | - |
| 2025-02-24 | - |
Program Overview
Victoria University of Wellington's Actuarial Science program provides a comprehensive foundation in mathematics, statistics, economics, and finance, with a focus on real-world applications. Students gain practical experience through work placements and learn from international research leaders. Graduates are highly sought after in industries such as insurance, banking, and consulting, and the program is fully accredited by the Actuaries Institute of Australia.
Program Outline
Outline
Bachelor of Commerce (BCom) with a major in Actuarial Science
Structure:
This program requires the completion of 360 points over three years. Students can choose to study on campus in Wellington or online.
Content:
This major provides students with a solid foundation in mathematics, statistics, economics, and finance, with a specific focus on applying these skills to real-world problems in the actuarial profession.
Courses:
Students will complete a range of courses covering topics such as:
- Actuarial Mathematics
- Financial Mathematics
- Statistics
- Econometrics
- Probability and Decision Modelling
- Actuarial Science (capstone course)
Modules:
- Year 1: Focuses on foundational courses in mathematics, statistics, and economics.
- Year 2: Introduces students to core actuarial science concepts and begins to apply these concepts to real-world scenarios.
- Year 3: Advanced coursework in actuarial science, including the capstone course, which allows students to demonstrate their mastery of the subject.
Sample Degree Programme:
The context provides a link to a sample degree programme for Actuarial Science. This sample program outlines the specific courses a student might take in each year of the program.
Assessment
Assessment methods:
The program uses a variety of assessment methods, including:
- Assignments
- Exams
- Presentations
- Group projects
Assessment criteria:
The program uses a variety of criteria to assess student learning, including:
- Understanding of key concepts
- Ability to apply knowledge to real-world problems
- Communication skills
- Critical thinking skills
Teaching
Teaching methods:
The program uses a variety of teaching methods, including:
- Lectures
- Tutorials
- Workshops
- Online resources
Faculty:
The program is taught by experienced and qualified faculty members with expertise in actuarial science, mathematics, statistics, and economics.
Unique approaches:
The program offers a unique opportunity to learn from international research leaders in the field of actuarial science. Additionally, students have the opportunity to gain practical experience through work experience placements with industry partners.
Careers
Career options:
Actuarial Science graduates are highly sought after in a variety of industries, including:
- Insurance
- Banking
- Finance
- Consulting
- Government
Professional accreditation:
The program is fully accredited by the Actuaries Institute of Australia. Graduates of the program may be granted exemptions from the Institute's foundation subjects.
Earning potential:
Actuarial work is generally very well paid.
Other
- The program is co-taught by the School of Mathematics and Statistics and the School of Economics and Finance.
- Students may choose to take a second major in Mathematics, Statistics, Economics, or Finance alongside their Actuarial Science major.
- The program is offered on a full-time or part-time basis.
Victoria University of Wellington
Overview:
Victoria University of Wellington, also known as Te Herenga Waka, is a public research university located in Wellington, New Zealand. It is recognized as New Zealand's leading university for research intensity and consistently ranks among the world's best universities.
Services Offered:
The university offers a wide range of services to students, including:
Student portal (Pūaha):
Provides access to academic information, course materials, and student support services.Learning environment (Nuku):
A platform for online learning and course management.Library:
Extensive collection of resources, including books, journals, and digital databases.Accommodation:
On-campus and off-campus housing options for students.Financial aid:
Scholarships, bursaries, and student loans to support students' financial needs.Career services:
Guidance and support for career planning and job searching.Health and wellbeing services:
Counseling, medical, and other support services for students' physical and mental health.Student Life and Campus Experience:
Victoria University of Wellington offers a vibrant and diverse campus experience. Students can:
Join clubs and societies:
Engage in a wide range of interests and activities.Participate in events:
Attend lectures, workshops, and social gatherings.Explore Wellington:
Enjoy the city's cultural attractions, natural beauty, and vibrant nightlife.Connect with alumni:
Network with former students and build professional relationships.Key Reasons to Study There:
World-class research:
The university is renowned for its high-quality research across various disciplines.Strong industry connections:
Close ties with businesses and government organizations in the capital city.Vibrant campus community:
A diverse and welcoming environment with a strong sense of belonging.Location in Wellington:
Offers a unique and exciting city experience with access to cultural and natural attractions.Academic Programs:
Victoria University of Wellington offers a wide range of undergraduate and postgraduate programs across various faculties, including:
Architecture and Design Innovation
Business and Government
Education
Engineering
Graduate Research
Health
Humanities and Social Sciences
Law
Science
Other:
The university is committed to providing a high-quality research-led learning and teaching environment and to rewarding and celebrating excellence in all its forms. It also offers a range of international exchange programs and opportunities for students to gain global experience.
Undergraduate Entry
For both Bachelor of Commerce (BCom) and Bachelor of Science (BSc) degrees with Actuarial Science as a major, the entry requirements are:
Domestic Applicants:
- University Entrance
- Minimum of 16 credits at NCEA Level 3, including:
- 5 credits in University Entrance Mathematics or 9 credit standards from NCEA Level 2, including at least 2 Achievement credits in mathematics.
- 4 credits at Level 3 in one of the following:
- 4 credits in English (with either Reading OR Writing at Merit)
- Statistics, Calculus, Physics, Economics
- NCEA Level 2 Literacy (10 credits, including 5 in reading and 5 in writing) or
- 5 credits in University Entrance English .
For students who haven't met the literacy and numeracy requirements:
- Literacy: Achieved Merit (or higher) standard at NCEA Level 2 in three approved literacy courses in any approved subject.
- Numeracy: Attained the numeracy unit standard 16613 (with minimum grade Merit), or achieved standard in any course assessed in Mathematics and Statistics at Level 1 (with minimum of a Merit), or achieved at least 3 approved numeracy credits within NCEA Levels 1-3.
- https://www.wgtn.ac.nz/study/programmes/program_detail?pid=40471
- https://www.wgtn.ac.nz/study/programmes/program_detail?pid=44730
Graduate Entry
For postgraduate programs like the Graduate Diploma in Commerce (GDipCom), Graduate Diploma in Science (GDipSc), Graduate Certificate in Science (GCertSc), Master of Actuarial Science (MActSc), Postgraduate Diploma in Actuarial Science (PGDipActSc), Postgraduate Certificate in Actuarial Science (PGCertActSc), Master of Commerce (MCom) and Bachelor of Commerce with Honours (BCom(Hons)), specific entry pathways may exist based on your previous study accomplishments.
