Master of Actuarial Science (Extended)
Master of Actuarial Science (Extended)
Melbourne Business School’s Master of Actuarial Science (Extended) provides a graduate pathway to prepare you for the actuarial profession and enables you to gain Part I (Foundation) accreditation exemption*. Graduates of this degree will be analytical in the application of actuarial theory, knowledge, principles, techniques and data. You will be…
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COURSE DESCRIPTION
Melbourne Business School’s Master of Actuarial Science (Extended) provides a graduate pathway to prepare you for the actuarial profession and enables you to gain Part I (Foundation) accreditation exemption*. Graduates of this degree will be analytical in the application of actuarial theory, knowledge, principles, techniques and data. You will be problem solvers capable of explaining, applying and critically evaluating the use of actuarial models, particularly in relation to insurance and superannuation.
The program is designed to provide Part I (Foundation) professional exams accreditation exemptions* for the Actuaries Institute.
Who is it for?
The two-year Master of Actuarial Science (Extended) is designed to provide non-actuarial graduates with their initial education in actuarial studies. If you do not have a background in probability and statistics, an additional semester at the beginning of the program will allow you to take the relevant subjects. It’s suitable for graduates who have mathematical or statistical specialisations (e.g. mathematics, physics or engineering).
The degree is designed to be completed in 2-years of full-time study or part time equivalent and requires completion of 200 points. The degree consists of 16 semester-length subjects comprising:
- 8 discipline core subjects;
- 2 capstone subjects; and
- 6 elective subjects.
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.
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.
