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Applied Science and Basic Science
Master of Actuarial Science
Master of Actuarial Science

Master of Actuarial Science

  • ID:UoM6110007
  • Level:Master's Degree
  • Duration:
  • Intake:
  • Type:Full-time

Fees (AUD)

  • Application Fee:$100.00
  • TuitionFee/Year:$46,752.00
  • LivingFee/Year:$12,000.00
  • InsuranceFee/Year:$530.00
  • Application Fee:$100.00
  • TuitionFee/Year:$46,752.00
  • LivingFee/Year:$12,000.00
  • InsuranceFee/Year:$530.00
Estimated Total/program:
$89,073.00
Apply
60
Accept letter
100
Visa
20
Fly
1

Admission Requirements

Entry Requirements

  1. In order to be considered for entry, you must have completed:

    • An undergraduate or postgraduate degree with the equivalent of a major in mathematically based subjects, for example, studies in mathematics, statistics, physics, engineering;

    • MAST20004 Probability and MAST20005 Statistics or subjects in probability and statistics at an equivalent level; and

    • a personal statement outlining why they wish to be considered for the course.

    Meeting these requirements does not guarantee selection.

  2. In ranking applications, the Selection Committee will consider:

    • Prior academic performance; and

    • the personal statement.

  3. The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Admission and Selection into Course Policy.

English Requirements

For English language tests, we require documentary evidence of having obtained the minimum scores within the previous 24 months.

  • IELTS: 6.5 (with no band less than 6.0)

  • TOEFL (paper test): 577 with TWE 4.5

  • TOEFL (internet): 79 with Writing 21, Speaking 18, Reading 13, Listening 13

  • Pearson Test of English (Academic): 58-64 inclusive and no communicative skill below 50

Course Information

Why study Actuarial Science at Melbourne Business School?

  1. Study in a world class research centre: The Centre for Actuarial Studies sits within the Department of Economics and is a registered Centre of Actuarial Excellence (CAE), accredited by the Society of Actuaries (SOA). This is the highest level of recognition the SOA offers to universities, and has specific requirements relating to degree, curriculum, graduate count, faculty composition, graduate quality, appropriate academic integration, connection to industry, and research/scholarship.

  2. Accreditation: Students who perform to a high enough standard are able to start working towards Part I of the professional requirements of the Actuaries Institute.

  3. Connect with your peers: The University of Melbourne Actuarial Students' Society provides a calendar of events every year, aimed at building social connections and offering members career opportunities.

  4. Develop a diverse skillset: take electives from other disciplines, such as economics, finance, management, or our business practicum subjects.

  5. Become part of our global network: With over 60,000 business alumni in over 100 countries, you’re ensuring that you join a valuable network of peers from all business disciplines right from day one.

What is it about?

Melbourne Business School's Master of Actuarial Science is the fastest graduate pathway to prepare you for the actuarial profession. Graduates of this degree will be analytical in the application of actuarial theory, knowledge, principles, techniques and data. They will be problem solvers capable of explaining, applying and critically evaluating the use of actuarial models, particularly in relation to insurance and superannuation.

Who is it for?

The Master of Actuarial Science is designed to provide non-actuarial graduates with their initial education in actuarial studies. It's suitable for graduates who have mathematical or statistical specialisations (e.g. mathematics, physics or engineering).

CRICOS Code: 0101265

More info: Click here

Core

Students complete all of the following core subjects:

  • Mathematics of Finance I

  • Mathematics of Finance II

  • Mathematics of Finance III

  • Life Insurance Models I

  • Assurance Practices

Capstone

  • Life Contingencies

  • General Insurance Modelling

Electives

  • Data Analytics in Insurance 1

  • Statistical Techniques in Insurance

  • Economics for Actuaries

Optional Elective

  • Business and Economics Internship

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Pre Courses

No Course!
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Pathway Courses

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Career Opportunity

Career Opportunity

  • Actuarial Consultant (Advisory)

  • Statistical Programmer

  • Actuarial Analyst

  • Actuarial Analyst

Ability to settle

Overseas Student Health Cover

OSHC: 530$ per year

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