Masters (Coursework)
The Master of Actuarial Studies equips you with the data analytics and quantitative risk management training for an actuarial career, and careers in finance.
Through this degree, you'll learn to apply advanced analytical techniques, deliver highly valued data analytics,...
The Master of Actuarial Studies equips you with the data analytics and quantitative risk management training for an actuarial career, and careers in finance.
Through this degree, you'll learn to apply advanced analytical techniques, deliver highly valued data analytics, and actionable insights. You'll also develop a specialist quantitative skill set in actuarial models, financial mathematics, probability, machine learning / artificial intelligence analytics, and commerce. The program is accredited by the Actuaries Institute
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 who pursue 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 you'll be ready for a quantitative role in a range of industries including financial services, insurance, and superannuation, and be equipped help businesses, governments, not-for-profit organisations, and individuals make critical decisions for the future.
If you have already completed an undergraduate degree in Actuarial Studies, the Master of Actuarial Studies will allow you to complete courses equivalent to the Foundation Program of the Actuaries Institute. You can also complete the "Actuarial Control Cycle" and "Data Analytics Principles" courses of the Actuary Program.
Learn from industry leaders
Our courses are taught by world-leading academic staff and professionally qualified actuaries, with involvement from industry partners.
A pathway to professional accreditation
Through this degree you can gain exemptions to the professional accreditation exams." data-click_title="RichText" data-click_name="Actuaries Institute's professional accreditation exams.">Actuaries Institute's professional accreditation exams. Professional accreditation through the Actuaries Institute provides mutual recognition at major international actuarial bodies such as the Institute and Faculty of Actuaries in the UK and the Society of Actuaries in the US.
You'll study at UNSW Business School, which has been ranked the #1 business school in Australia by AFR BOSS for the last two years in a row*. That means our business education leads the way in career impact, quality and reputation.
The UNSW School of Risk and Actuarial Studies is a designated Centre of Actuarial Excellence (US Society of Actuaries), and a 2021 Casualty Actuarial Society (US) University Award winner.
Our industry connections and world leading research are embedded into our programs to ensure your knowledge, skills and experience are relevant, forward-looking, and in-demand.
*AFR BOSS 2023 Best Business School Rankings
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.
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:
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.
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.
You may be asked to provide evidence of your English proficiency to study at UNSW depending on whether you are from an English-speaking background or non-English speaking background. 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 English is not your first language, you'll need to provide proof of your English proficiency before you can be given an offer to study at UNSW. You can do this by providing evidence that you meet one or more of the following criteria:
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.
With highly transferable skills in actuarial studies, business, analytics, and statistics, you 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 get you started.
The Master of Actuarial Studies provides a strong foundation for becoming an actuary or working within a related field. You can earn exemptions from courses in the Actuaries Institute