Program Overview
The Master of Actuarial Studies at UNSW Business School equips students with advanced analytical techniques, quantitative risk management training, and specialized skills in actuarial models, financial mathematics, and machine learning. Accredited by the Actuaries Institute, the program prepares students for careers in actuarial science, finance, and related fields. Graduates are highly sought after for their expertise in data analytics, risk assessment, and decision-making.
Program Outline
Degree Overview:
The Master of Actuarial Studies at UNSW Business School equips students with the data analytics and quantitative risk management training necessary for an actuarial career or other related careers in finance. The program provides students with the skills to apply advanced analytical techniques, deliver highly valued data analytics, and generate actionable insights. Additionally, students develop a specialized quantitative skill set in actuarial models, financial mathematics, probability, machine learning/artificial intelligence analytics, and commerce. The program is accredited by the Actuaries Institute and includes courses and electives designed to prepare students for their future careers as business professionals. The program has also earned the University-Earned Credit (UEC) program status for Financial Mathematics (FM) exam and Statistics for Risk Modelling (SRM) exam. This UEC program facilitates the pathway for students pursuing the Society of Actuaries (SOA) profession by providing opportunities to earn credit for SOA exams. Graduates of actuarial studies are in high demand. Upon graduation, students will be prepared for quantitative roles in a range of industries, including financial services, insurance, and superannuation. Graduates will be equipped to help businesses, governments, not-for-profit organizations, and individuals make critical decisions for the future.
Outline:
The Master of Actuarial Studies is a 1.7-year program consisting of 12 courses, tailored to suit students' goals. The program includes:
- Six core courses
- Five electives, to match career goals
- One capstone project In the core courses, students will study probability, statistics, financial mathematics, data visualization and communication, statistical machine learning, finance, financial reporting, and business economics.
Careers:
With highly transferable skills in actuarial studies, business, analytics, and statistics, graduates can move across and succeed in the private sector, financial institutions, and government departments. UNSW Business School's Career Accelerator provides work experiences and professional development opportunities to help students get started. Potential careers for graduates include:
- Actuarial Analyst
- Asset Management Trainee
- Business Consultant
- Credit Analyst
- Data Analyst
- Insurance Analyst
- Investment Banker
- Management Consultant
- Risk Assessment Officer
- Superannuation Adviser
- Wealth Management Analyst
- Derivatives Trader
University of New South Wales, Sydney
Overview:
The University of New South Wales (UNSW) Sydney is a leading public research university located in Sydney, Australia. It is renowned for its academic excellence and is consistently ranked among the top universities in Australia and globally.
Services Offered:
UNSW Sydney offers a wide range of services to its students, including:
Study Options:
Undergraduate and postgraduate degrees, short courses, online programs, professional development opportunities, and Higher Degree Research.Campus Experience:
A vibrant campus environment with various facilities, including accommodation, student support services, and a comprehensive library.Support Services:
Academic advising, career counseling, financial aid, and mental health resources.International Student Support:
Dedicated services for international students, including visa assistance, cultural orientation, and English language programs.Student Life and Campus Experience:
UNSW Sydney provides a dynamic and engaging campus experience for its students. The university boasts a diverse student body, a wide range of clubs and societies, and numerous social and cultural events throughout the year. Students can enjoy a vibrant campus life with opportunities to connect with peers, explore their interests, and develop their skills.
Key Reasons to Study There:
Academic Excellence:
UNSW Sydney is recognized for its high-quality academic programs and world-class research.Global Reputation:
The university consistently ranks among the top universities in Australia and internationally.Research Opportunities:
Students have access to cutting-edge research facilities and opportunities to work alongside leading researchers.Career Development:
UNSW Sydney provides strong career support services and connections with industry partners.Vibrant Campus Life:
The university offers a diverse and engaging campus environment with numerous opportunities for student involvement.Academic Programs:
UNSW Sydney offers a wide range of academic programs across its eight faculties:
- Arts, Design & Architecture
- Business School
- Engineering
- Law & Justice
- Medicine & Health
- Science
- UNSW Canberra
The university is particularly known for its strengths in engineering, business, medicine, and science.
Entry Requirements:
To be eligible for this program, you must have a recognised bachelor degree (or equivalent qualification) with a substantial component of mathematics, statistics, econometrics or actuarial studies, with a credit average, as determined by the UNSW Business School. Applicants are expected to have a mathematics background equivalent to a full year of calculus and linear algebra at first-year university undergraduate level. Entries are also open to students with background in related disciplines including financial engineering, data science, data engineering, physics, engineering, any related quantitative field. Recognition of prior learning or professional recognition Advanced standing, or recognition of prior learning is credit granted for experience and prior studies that are relevant to the program. It may be granted for courses covered in an undergraduate program, or the examinations of the Actuaries Institute (Australia), the Institute of Actuaries (UK), or the Society of Actuaries. If you aren't eligible for advanced standing where you have relevant prior learning, you may be able to take some substitution courses, so that you aren't learning material you have already covered.
Language Proficiency Requirements:
You may be asked to provide evidence of your English proficiency to study at UNSW depending on your educational background and citizenship. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment. If you’re completing an Australian Year 12 qualification (e.g. NSW HSC or equivalent), you do not need to provide anything extra to prove your proficiency. Your qualification will be used as evidence of your English proficiency. If you do need to provide evidence of your English proficiency, this will be indicated in your application. You can prove this by providing evidence that you meet one or more of the following criteria: English language tests and university English courses Prior study in the medium of English Other qualifications If you need to improve your English skills before you start your degree, UNSW College’s Academic English Programs are for you. The programs are suitable for various English levels and help you prepare for university studies and life in Australia.
