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Master of Actuarial Science

Master of Actuarial Science

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COURSE DESCRIPTION

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). If you have studied an actuarial major previously, then we recommend the Master of Commerce (Actuarial Science).

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.

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.

EDUCATIONAL INSTITUTION

Established in 1853, the University of Melbourne enjoys an outstanding reputation with world rankings, consistently being placed as Australia’s leading comprehensive research-intensive university, and is one of the world’s top 50 (as per Times Higher Education World University Rankings 2015 – 2016 and Academic Ranking of World Universities 2015). There are over 80 different undergraduate study areas and over 270 graduate courses at Melbourne for students to choose from. The University has extensive global networks and has seven campus locations across Melbourne and rural Victoria.

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Established in 1853, the University of Melbourne enjoys an outstanding reputation with world rankings, consistently being placed as Australia’s leading comprehensive research-intensive university, and is one of the world’s top 50 (as per Times Higher Education World University Rankings 2015 – 2016 and Academic Ranking of World Universities 2015). There are over 80 different undergraduate study areas and over 270 graduate courses at Melbourne for students to choose from. The University has extensive global networks and has seven campus locations across Melbourne and rural Victoria.

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