Program Overview

Master of Actuarial Science

Overview

The Master of Actuarial Science is a graduate coursework program designed to provide non-actuarial graduates with their initial education in actuarial studies. It is suitable for graduates who have mathematical or statistical specialisations.

Course Details

• Course code: MC-ACTSC
• Duration: 18 months full time / 3 years part time
• Location: On campus (Parkville)
• Intake: March

Fees

• Commonwealth Supported Places (CSPs) available

Entry Schemes

• Access Melbourne is available

Course Overview

The Master of Actuarial Science is the fastest graduate pathway to prepare students 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.

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).
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 peers: The University of Melbourne Actuarial Students' Society provides a calendar of events 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 business practicum subjects.
5. Become part of a global network: With over 60,000 business alumni in over 100 countries, students join a valuable network of peers from all business disciplines.

Other Actuarial Science Program Study Options

• Master of Commerce (Actuarial Science): A 1.5-year program for those who have completed an actuarial science major previously.
• Master of Actuarial Science (Extended): A 2-year program for those who have completed an undergraduate with a strong mathematical component.
• Master of Actuarial Science (Enhanced): A 2-year program for those who have completed an undergraduate with a strong mathematical and statistical component.
• Graduate Diploma in Actuarial Science: A 1-year program for those 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).

Professional Accreditation

Graduates of the Master of Actuarial Science who have performed at a sufficiently high level will be eligible for exemption from all of the subjects comprising Part I of the professional requirements of the Actuaries Institute.

Related Study Areas

• Actuarial studies
• Business and economics