The actuarial profession is currently undergoing a change in curriculum: Parts I, I and III of the old curriculum are being replaced with the new Foundation, Actuary, and Fellowship parts respectively.
If you started your university studies prior to 2020, then you will be completing the old curriculum, part I of which consists of 8 CT (core technical) subjects. Exemptions you gain from the old curriculum will map to the new Core Principle subjects as follows:
| Core Principle Subject | Related CT Subject(s) |
|---|---|
| CS1 | CT3 |
| CS2 | CT4 and CT6 |
| CM1 | CT1 and CT5 |
| CM2 | CT8 |
| CB1 | CT2 |
| CB2 | CT7 |
Curtin is still continuing the units associated with the old curriculum for those who started their degree prior to 2020. The Curtin units that correspond to each of the CT subjects are as follows:
| CT Subject | Old Curtin Unit(s) | New Curtin Unit(s) |
|---|---|---|
| CT1 | MATH2004 Theory of Interest | MATH2004 Theory of Interest |
| CT2 | ACCT1000 Accounting – the Language of Business; FNCE2000 Introduction to Finance Principles |
FNCE2003 Business analysis for Investment; FNCE3000 Corporate Finance |
| CT3 | STAT1002 Statistical Data Analysis; STAT1001 Statistical Probability; STAT1000 Regression and Non-Parametric Inference; STAT2001 Mathematical Statistics |
STAT1005 Introduction to Statistics and Data Analysis; STAT1006 Regression and non-parametric Inference; STAT3001 Statistical Modelling STAT2001 Mathematical Statistics |
| CT4 | STAT3005 Stochastic processes; MATH3005 Survival Analysis |
STAT3005 Stochastic processes; MATH3008 Survival Models & Analysis; MATH3009 RiskAnalysis |
| CT5 | MATH3006 Life Contingencies 1; MATH3007 Life Contingencies 2 |
MATH3009 Contingencies 1; MATH30010 Contingencies 2 |
| CT6 | STAT3001 Statistical Modelling; STAT3002 Risk Analysis and Credibility Theory |
STAT3001 Statistical Modelling; STAT3009 Risk Analysis |
| CT7 | ECON1001 Actuarial Economics or ECON1000 Introductory Economics; ECON2001 Macroeconomic Principles |
ECON1001 Actuarial Economics |
| CT8 | STAT3006 Investment Science 1; STAT3009 Investment Science 2 2 |
STAT3006 Financial Engineering 1; STAT3010 Financial Engineering 2 |
To gain these exemptions, you need to achieve an average of at least 73 across the units corresponding to each CT subject and also obtain a final mark of at least 65 in each individual unit. You will need to claim your exemption by 31 December 2023.
In addition, in order to transfer recognition from the old to the new curriculum, you must gain exemptions for every CT subject corresponding to the Core Principle subject of interest (as outlined in the first table above). Otherwise, you will have to sit an exam covering the entire Core Principle subject through the institute.
The unit titles above are the most up to date names for each unit, however some have undergone name changes in the past.
For more information, visit the Actuaries Institute, course handbook and SAS Guide.