Master of Actuarial Studies

at University of New South Wales

Program Structure

Students must complete 72 UOC when taken as a standalone program.

Core Courses

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 12 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 $50,120

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