Postgraduate Diploma in Actuarial Science–PGDipActSc 120 points Qualification regulations

1. (a) Before enrolment, a candidate for the PGDipActSc shall have:

(i) completed an appropriate Bachelor’s degree in Actuarial Science, Finance, Statistics, or a related field, with the equivalent of at least a B+ average standard in the relevant subject; and

(ii) been accepted by the programme director as capable of proceeding with the proposed course of study.

(b) Requirement (a)(i) may be waived by the Associate Dean (Students) of the Wellington School of Business and Government for a candidate who has extensive practical, professional, or scholarly experience of an appropriate kind.

2. (a) Except as provided in (b), or section 4, the course of study for the PGDipActSc shall consist of ACTS 511, ACTS 512, ACTS 513, FINA 403, FINA 406, and two courses from FINA 404, STAT 433, STAT 435, STAT 438.

(b) The programme director may exempt from any course listed in (a) a candidate who has mastered the material covered in that course through previous study and/or practical experience. Credit may be awarded where the previous study involved postgraduate courses not credited to a complete qualification; otherwise, the candidate shall replace exempted courses with approved postgraduate electives of an equivalent points value.

3. (a) A candidate for the PGDipActSc shall normally be enrolled for at least two trimesters and shall complete the qualification within three years of first enrolling in the programme.

(b) A candidate who has failed two or more courses, or any course twice, may continue in the programme only with the permission of the associate dean.

4. A candidate who has been awarded the PGCertActSc shall abandon that qualification upon being awarded the PGDipActSc.