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University of Melbourne

  • 37% international / 63% domestic

Master of Actuarial Science

  • Masters (Coursework)

Why study Actuarial Science at Melbourne Business School? 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).

Key details

Degree Type
Masters (Coursework)
Duration
18 months full-time, 36 months part-time
Course Code
0101265
Study Mode
In person
Intake Months
Mar

About this course

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.

Study locations

Parkville

What you will learn

The degree is designed to be completed in 1.5-years of full-time study or part time equivalent and requires completion of 150 points. The degree consists of 12 semester-length subjects comprising:

  • 6 discipline core subjects;
  • 2 capstone subjects; and
  • 4 elective subjects.
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Career pathways

Actuarial studies is a discipline well-known for its quantitative aspects and mathematical rigour. A graduate qualification in this area can offer real competitive advantages in today's financial services industry. An actuary's work is based upon a multi-disciplinary background of mathematics, statistics, demography, finance and economics.

How to apply

Domestic applicants are Australian citizens and permanent residents, New Zealand citizens, and holders of a permanent humanitarian visa and can apply online.

Graduate outcomes

Graduate satisfaction and employment outcomes for Science & Mathematics courses at University of Melbourne.
81.1%
Overall satisfaction
85.4%
Skill scale
72.6%
Teaching scale
74.8%
Employed full-time
$75k
Average salary