Program Overview

The Master of Actuarial Studies (Extension) equips you with the data analytics and quantitative risk management training for success in an actuarial career, or a career in finance. 

The extension program adds four courses to the Master of Actuarial Studies. This allows you to complete the professionally accredited courses to become an actuary, as well as to broaden your knowledge through electives in actuarial studies, risk management, business, or options in mathematics and in computer science. The program is accredited by the Actuaries Institute.

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.

As a graduate of of actuarial studies you'll be in high demand as your training will equip you to help businesses, governments, not-for-profit organisations, and individuals make critical decisions for the future. You'll graduate ready for a quantitative role in a range of industries including financial services, insurance, and superannuation. 



  Course Duration

24 Months

  Tuition Fee

AU$ 50,155



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Program Structure

Students must complete 96 UOC when taken as a standalone program.

Core Courseskeyboard_arrow_down

36 Units of Credit:

Students must take 36 UOC of the following courses.

  • Probability and Statistics for Actuaries

  • Financial Mathematics

  • Finance and Financial Reporting for Actuaries

  • Statistical Machine Learning for Risk and Actuarial Applications

  • Data Visualisation and Communication

  • Business Economics


Capstone Course

Students must take at least 6 UOC of the following courses.

  • Actuarial Theory and Practice A

  • Actuarial Data Analytic Applications


Prescribed Electives (Professional Accreditation)

Students must take at least 24 UOC of the following courses.

  • Stochastic Modelling for Actuaries

  • Survival Analysis and Prediction of Life and Health Related Risks

  • Life Insurance and Superannuation

  • Insurance Risk Models

  • Financial Economics for Insurance and Superannuation

  • Actuarial Theory and Practice B

  • Quantitative Risk Management Techniques

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. 

Indicative First Year Fee

AU $50,155

Potential careers

  • Actuarial Analyst

  • Asset Management Trainee

  • Business Consultant

  • Credit Analyst

  • Data Analyst

  • Insurance Analyst

  • Investment Banker

  • Management Consultant

  • Risk Assessment Officer

  • Superannuation Adviser

  • Wealth Management Analyst

  • Derivatives Trader

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