Becoming a Student Member
Affiliate Members who enrol in the Institute’s education program are referred to as Student Members. Student Members receive all regular benefits of membership and are entitled to enrol in courses and examinations or claim course exemptions.
All applicants are required to have their application forms signed by two referees, supply a certified copy of their academic record and pay the current joining and membership fees.
Student Members who are currently enrolled in an approved university course on a full time basis are classed as Full Time Student Members. These Members are entitled to subsidised membership fees when proof of full time enrolment is provided.
In order to enter the actuarial profession, graduates from an Australian or New Zealand university must have degrees with mathematics or statistics as a major subject, or at an honours level in a non-mathematical subject, provided that a sufficiently high standard of mathematics has been demonstrated during the university course or at school.
Graduates need to have completed the equivalent Higher School Certificate in each State and received a ranking of 95 or higher when converted. Subjects must include English and high level Mathematics.
Mathematics required for Australian school leavers;
- NSW Mathematics Extension 1 and Mathematics Extension 2;
- VIC Specialist Mathematics;
- QLD Mathematics C;
- SA (and NT) Specialist Mathematics;
- WA Calculus;
- TAS Mathematics Specialised;
- ACT Specialist Mathematics
These mathematics subjects are generally taken by students who wish to proceed to tertiary studies that require the strongest of mathematical preparations, such as actuarial studies, mathematics, statistics, engineering and physical sciences.
Note: Eligibility for School Leavers above is a guide only. Further information and individual assessment will be based on submitting an application form to the Institute and providing the necessary documents.
New Zealand Students
Four passes in the University Bursaries Examination are required including English, Maths with Calculus and/or Maths with Statistics. Passes in mathematical subjects require an average of 70% for the Universities Bursaries Examination.
An International Baccalaureate Diploma with English and Maths at higher level (HL).
Not withstanding the above, if you can gain entry into one of the accredited university in an actuarial course and have paid the relevant fees then you will be eligible for membership as a student member of the Institute of Actuaries of Australia.
Download Membership Application Form