Professional Education in Australia: A Review of Accounting, Engineering and Medicine with Suggestions for Improvements to Actuarial Education

34 Pages Posted: 18 Jul 2017

See all articles by Adam Butt

Adam Butt

Australian National University - Research School of Finance, Actuarial Studies & Statistics

Jim Farmer

Macquarie University, Macquarie Business School

David Pitt

University of Melbourne - Department of Economics

Date Written: November 2016

Abstract

This paper reports on an investigation into actuarial education in Australia. The approach taken is to review the education frameworks of three other professions, namely the accounting, engineering and medical professions and compare with the actuarial profession. Competency frameworks and methods for assurance of learning in all four professions are reviewed. The approach of the actuarial profession differs markedly from that taken by the other professions examined here. Implications of this review for possible developments to enhance actuarial education are provided.

Keywords: Actuarial Education, Accreditation

JEL Classification: I23, G22

Suggested Citation

Butt, Adam and Farmer, Jim and Pitt, David, Professional Education in Australia: A Review of Accounting, Engineering and Medicine with Suggestions for Improvements to Actuarial Education (November 2016). Available at SSRN: https://ssrn.com/abstract=3001622 or http://dx.doi.org/10.2139/ssrn.3001622

Adam Butt (Contact Author)

Australian National University - Research School of Finance, Actuarial Studies & Statistics ( email )

Canberra, Australian Capital Territory 2601
Australia

Jim Farmer

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

David Pitt

University of Melbourne - Department of Economics ( email )

Melbourne, 3010
Australia

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