Actuarial Science

Entry requirements

To be considered for entry into this course, you must:

• Have completed a bachelor degree (AQF7) or equivalent in a cognate (relevant) discipline.
  
  Cognate (relevant) disciplines include: A major or specialisation in mathematics, statistics, physics or engineering.
  
  And

• Have completed below prerequisite subject(s):

Where degree levels are referenced, levels align with the Australian Qualifications Framework (AQF). Applications are assessed against these standards.

Where our admission criteria includes a minimum Weighted Average Mark (WAM) and/or specific subject criteria, these are based on University of Melbourne grades and subjects. If you've studied elsewhere, we'll assess your relevant prior studies and equivalent grades. Your final WAM may be adjusted depending on your previous institution's accreditation, subject grading, and pass marks.

Months of entry

March

Course content

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).

Fees and funding