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Master of Actuarial Science (Extended)

University of Melbourne
Melbourne , Australia
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Students
Tuition Fee
AUD 56,992
Per year
Start Date
2027-03-01
Medium of studying
On campus
Duration
2 years
Details
About Program
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Details
Program Details
Degree
Masters
Major
Finance | Actuarial Science | Statistics
Area of study
Business and Administration | Mathematics and Statistics
Education type
On campus
Timing
Full time
Course Language
English
Tuition Fee
Average International Tuition Fee
AUD 56,992
Intakes
Program start dateApplication deadline
2026-03-01-
2027-03-01-
About Program

Program Overview

Master of Actuarial Science (Extended)

Overview

The Master of Actuarial Science (Extended) provides a graduate pathway to prepare students for the actuarial profession and enables them to gain Part I (Foundation) accreditation exemption. 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.


Course Details

  • Course code: MC-ACTSCEX
  • Duration: 2 years full-time / 4 years part-time
  • Location: On campus (Parkville)
  • Intake: March

Fees

  • Commonwealth Supported Places (CSPs) are available

Entry Schemes

  • Access Melbourne is available

Program Description

The program is designed to provide Part I (Foundation) professional exams accreditation exemptions for the Actuaries Institute. It is suitable for non-actuarial graduates who want to pursue a career in actuarial science. If students do not have a background in probability and statistics, an additional semester at the beginning of the program will allow them to take the relevant subjects.


Target Audience

The Master of Actuarial Science (Extended) is designed for graduates who have mathematical or statistical specializations (e.g., mathematics, physics, or engineering).


Related Programs

  • Master of Commerce (Actuarial Science): A 1.5-year program for students who have completed an actuarial science major previously.
  • Master of Actuarial Science: A 1.5-year program for students who have completed an undergraduate with a strong mathematical component, sufficient knowledge of statistics or probability.
  • Master of Actuarial Science (Enhanced): A 2-year program for students who have completed an undergraduate with a strong mathematical and statistical component.
  • Graduate Diploma in Actuarial Science: A 1-year program for students who have completed an undergraduate with a strong mathematical and statistical component, with a pathway to the Master of Actuarial Science or the Master of Actuarial Science (Enhanced).

Related Study Areas

  • Actuarial studies
  • Business and economics

Accreditation

The program provides Part I (Foundation) accreditation exemptions for the Actuaries Institute, subject to sufficiently high academic results.


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