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Universities Australia University of Melbourne Courses Master of Actuarial Science

Master of Actuarial Science

University of Melbourne

Melbourne, Australia

Tuition Fee AU$ 34,816
Country Rank#2
Duration18 Months
Score IELTS: 6.5

Program Overview

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.

Course Content
Core Subjects
- Mathematics of Finance I
- Mathematics of Finance II
- Mathematics of Finance III
- Life Insurance Models I
- Assurance Practices
- Topics in Insurance and Finance
Entry Requirement
In order to be considered for entry, you must have completed:
- An undergraduate or postgraduate degree with the equivalent of a major in mathematically based subjects, for example, studies in mathematics, statistics, physics, engineering;
- MAST20004 Probability and MAST20005 Statistics or subjects in probability and statistics at an equivalent level; and
- a personal statement outlining why they wish to be considered for the course.
Meeting these requirements does not guarantee selection.

In ranking applications, the Selection Committee will consider:
- Prior academic performance; and
- the personal statement.
Fees & Scholarships
Indicative first year fee
AUD$34,816

Indicative total course fee
AUD$53,094
Career Prospect
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.

Cost Of Studying At University of Melbourne

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

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