The formal rules are listed under Program 3523 - Commerce/Science (Adv Math) in the UNSW Handbook.
Within this degree, you can major in all of the main Commerce disciplines, namely
- Business Economics
- Business Law
- Business Strategy and Economic Management
- Financial Economics
- Human Resource Management
- Information Systems and Information Technology
- International Business
- Real Estate Studies
and all the majors of Advanced Mathematics:
- Applied Mathematics
- Pure Mathematics
- Quantitative Risk (approval from the Head of School required: no new students accepted after 2017)
- High Performance Students Plan (by invitation only)
Note that it is not possible to fit some Commerce majors and the Quantitative Risk major into the minimum time for the degree without overloading: see below. As the UNSW Business School is the Program Authority, check with them that your selection of courses will satisfy the program requirements -- this is especially relevent for Quantitative Risk as there can be considerable overlap in some choice of majors.
Career opportunities: Examples include a wide range of careers and professions in the commercial, business, industrial and professional world, in the public service, research and in teaching at both secondary and tertiary levels. The combined Commerce/Science (Advanced Mathematics) degree provides graduates with an in-depth understanding of quantitative analysis, which is at the heart of many of today’s business opportunities. The combined degree expands commercial and financial career opportunities in areas as diverse as environmental modelling, statistical analysis, government, education or research. In the finance industry, for example, there are positions in areas like portfolio optimisation, option pricing and stock market prediction, all of which use advanced mathematics and statistics and have led to new mathematics. The mass of data produced by supermarket scanners and similar devices have created jobs in data mining or ‘analytics’ and predictive modelling. There are many positions in the area of environmental modelling, which uses mathematics to understand and predict complex environmental systems, and the growing importance of the interplay between commercial and environmental concerns is an outstanding opportunity for the future.
All the courses in the School of Mathematics and Statistics must be taken at the Higher level where that is available.
Students must maintain a WAM of at least 70 to stay in the Advanced Mathematics degree, otherwise, students will be transferred to program 3970 (BSc), 3502 (BCom) or 3529 (BCom/BSc).
Students must complete all of stages 1, 2 and 3 in one of the mathematics plans listed before commencing honours in mathematics.
The combined degree is 240 UOC with:
- 96 UOC of Commerce, including a major and three specified Level I courses and four courses from the "flexible core" (see below)
- 144 UOC of Science, including a major from the Advanced Mathematics degree and at least 24 UOC of Level I Science courses
- Another 12 UOC chosen from Commerce or Science courses
Each semester is 24 units of credit.
Units of Credit values are as follows:
- ALL Commerce courses are 6 UOC each
- Science courses COMP1911, MATH###1 are 6 UOC each
- Science courses MATH###0 are 3 UOC each
The BCom "flexible core" consists of the following courses:
- ACCT1511 Accounting & Financial Mgt 1B
- ACCTL1001 Actuarial Studies and Commerce
- ECON1102 Macroeconomics 1
- FINS1613 Business Finance
- INFS1602 Information Systems in Business
- LEGT1710 Business and the Law
- MARK1012 Marketing Fundamentals
Mathematics and Statistics courses are shown at the Higher level, as these are compulsory in the Advanced Mathematics degree: lower level options can be substituted in special cases but need the approval of the Program Authority and the Mathematics and Statistics Director of Undergraduate Studies. The particular selection of Mathematics and Statistics options taken should have the approval of the Mathematics and Statistics Director of Undergraduate Studies.
For Actuarial Studies majors
NOTE: From 2013 Actuarial Studies can only be taken as part of the Bachelor of Actuarial Studies, which can be combined with advanced maths as program 3589. A suggested study plan is available as a pdf file . The rest of this section applies only to students who began their degree before 2013
By agreement with the School of Actuarial Studies, the pre-requisites for the compusory course ACTL3003 or ACTL3162 are MATH2881 and MATH3901 in the Quantitative Risk major only. Contact the Student Services Manager or the Director of Undergraduate Studies to organise enrolment in ACTL3003 or ACTL3162.
FINS2624 and FINS3636 are highly recommended Commerce courses for Actuarial majors.
Exemptions from Part II IAA subjects:
Students should note that The Institute of Actuaries of Australia requires that students have normally completed all of the Part I courses before enrolling in the Part II courses.
The UNSW Part II courses ACTL4001 and ACTL4002 may be completed in the 4th year as either Commerce or free electives, provided the students satisfy the entry requirements.
Enrolment in the Part II equivalent courses is subject to approval from the Head of Actuarial Studies.
Students enrolled in the Combined degree program should meet the following requirements to be permitted to enrol in the Part II equivalent courses:
- Completed most of the Part I equivalent courses and obtained exemption, and be completing at most the final 2 of the Part I courses at the same time;
- Have an average mark of at least 70% in the ACTL courses completed to date, and have at least three months' work experience in a financial services company, preferably in an actuarial graduate role by the time the student commences the course.
Students who do not meet these criteria may apply to the Head of Actuarial Studies for admission to the Part II equivalent courses setting out the reasons for waiving the entry requirements. Applications will be considered based on work experience and academic performance.
Students who are not able to complete the Part II courses will need to take other electives instead (FINS2624 and FINS3636 are recommended).
For Finance majors
Suggested plans are available (PDF). When doing Finance and Quantitative Risk, check with the Business School to confirm you have completed all requirements.
Other Commerce majors
Note that Quantitative Risk with other commerce majors will allow for electives if the commerce major contains two courses in the commerce core (e.g. Accounting). Students are recommended to take these electives as further science courses.
Suggested plans are available (PDF): again, confirm with the ASB that all requirements are satisfied when doing Quantitative Risk.