Master of Actuarial Science

at University of Melbourne

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

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.

Indicative first year fee
AUD$34,816

Indicative total course fee
AUD$53,094

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.