Master of Actuarial Studies

at Australian National University

Program Structure:

The Master of Actuarial Studies requires the completion of 96 units, which must consist of:

72 units from completion of the following compulsory courses:

• ACST8032 Actuarial Data Analysis
• ACST8040 Actuarial Control Cycle 1
• ACST8041 Actuarial Control Cycle 2
• STAT6013 Principles of Mathematical Statistics for Actuarial Studies
• STAT6014 Regression Modelling for Actuarial Studies
• STAT6042 Survival Models
• STAT6043 Life Contingencies
• STAT6045 Actuarial Techniques
• STAT6046 Financial Mathematics
• STAT6057 Risk Modelling 1
• STAT6058 Risk Modelling 2
• STAT7004 Introduction to Stochastic Processes
   

24 units from completion of the following courses:

• ACST6500 Extension Topics in Actuarial Studies
• ACST8050 Research Essay in Actuarial Studies
• ACST8500 RSFAS Masters Thesis
• BUSN7008 Financial Statements and Reporting
• BUSN7036 Financial Statement Analysis
• BUSN7045 Corporate Governance
• COMP6240 Relational Databases
• COMP6261 Information Theory
• COMP6420 Introduction to Data Management, Analysis and Security
• COMP6490 Document Analysis
• COMP6670 Introduction to Machine Learning
• COMP6710 Structured Programming
• COMP6730 Programming for Scientists
• COMP8410 Data Mining
• COMP8420 Neural Networks, Deep Learning and Bio-inspired Computing
• COMP8430 Data Wrangling
• COMP8600 Statistical Machine Learning
• COMP8880 Computational Methods for Network Science
• ECON8013 Optimisation for Economics and Financial Economics
• ECON8069 Business Economics
• EMET8001 Applied micro-econometrics
• EMET8005 Econometric Methods and Modelling
• EMET8008 Advanced Econometrics II
• EMET8012 Business and Economic Forecasting
• EMET8014 Advanced Econometrics I
• FINM6006 Continuous Time Finance
• FINM6016 Applied Portfolio Construction
• FINM6041 Applied Derivatives
• FINM6045 Asian Capital Markets
• FINM7006 Applied Foundations of Finance
• FINM7007 Applied Corporate Finance
• FINM7008 Applied Investments
• FINM7044 Applied Valuation
• FINM8004 Advanced Corporate Finance
• FINM8006 Advanced Investment
• FINM8007 Topics in International Finance
• FINM8014 Applied Financial Intermediation and Debt Markets
• FINM8017 Trading and Markets
• MGMT7020 Technology and Project Management
• MGMT7250 Evidence-Based Management
• STAT6016 Introduction to Bayesian Data Analysis
• STAT6017 Big Data Statistics
• STAT6018 Stochastic Modelling
• STAT6026 Graphical Data Analysis
• STAT6027 Statistical Inference
• STAT6029 Design of Experiments and Surveys
• STAT6030 Generalised Linear Models
• STAT6040 Statistical Learning
• STAT6050 Advanced Statistical Learning
• STAT6056 Advanced Mathematical Statistics
• STAT6060 Advanced Stochastic Processes
• STAT8002 Applied Time Series Analysis
• CBEA6070 ANU College of Business and Economics Internship Project
   

Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted in order to remain enrolled in the Master of Actuarial Studies.
 

If the total number of units attempted exceeds 48 in the same teaching period in which the 48th unit is attempted, exactly 48 units will be used in the calculation of the weighted average mark with units from the course with the highest mark applied first followed by further units from courses in descending order of marks.
 

Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate Diploma of Business.

Admission Requirements

At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry. 
 

Applicants must present a Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0, with at least one course in the field of mathematics that must cover calculus and linear algebra.
 

Or an ANU Graduate Certificate of Finance and Actuarial Statistics (Actuarial Statistics or Actuarial Studies specialisation) with a minimum GPA of 4.5/7.0, with at least one course in the field of mathematics from university studies that must cover calculus and linear algebra.
 

Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted in order to remain enrolled in the Master of Actuarial Studies. Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate Diploma in Business.
 

Cognate Disciplines

Finance; Accounting; Actuarial Studies; Business; Business Information Systems; Economics; Engineering; International Business; Management; Marketing; Maths; Physics; Science; Statistics
 

In line with the university's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors. 
 

Academic achievement & English language proficiency

The minimum academic requirement for full entry and enrolment is a Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0 or 4.5/7.0 (as applicable). 
 

However, applicants will first be ranked on a GPA ('GPA1') that is calculated using all but the last semester (or equivalent) of the Bachelor degree used for admission purposes. 
 

If required, ranking may further be confirmed on the basis of: 

• a GPA ('GPA2') calculated on the penultimate and antepenultimate semesters (or equivalent) of the Bachelor degree used for admission purposes; and/or

• demonstrating higher-level English language proficiency. 
 

Prior to enrolment in this ANU program, all students who gain entry will have their Bachelor degree reassessed, to confirm minimum requirements were met.
 

Application for course credits

Applicants with a Bachelor Degree or Graduate Certificate in a cognate discipline may be eligible for up to 24 units (one semester) of credit. 
 

Applicants with a Graduate Diploma or Bachelor degree with Honours in a cognate discipline may be eligible for up to 48 units (one year) of credit.
 

Cognate Disciplines
Finance; Accounting; Actuarial Studies; Business; Business Information Systems; Economics; Engineering; International Business; Management; Marketing; Maths; Physics; Science; Statistics

The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.
 

Annual indicative fee for international students

$46,176.00