Overview

What is it about?

Melbourne Business School's Master of Actuarial Science (Extended) provides a graduate pathway to prepare you for the actuarial profession and enables you to gain Part I (Foundation) accreditation exemption^*. Graduates of this degree will be analytical in the application of actuarial theory, knowledge, principles, techniques and data. You will be problem solvers capable of explaining, applying and critically evaluating the use of actuarial models, particularly in relation to insurance and superannuation.

The program is designed to provide Part I (Foundation) professional exams accreditation exemptions^* for the Actuaries Institute.

Who is it for?

The two-year Master of Actuarial Science (Extended) is designed to provide non-actuarial graduates with their initial education in actuarial studies. If you do not have a background in probability and statistics, an additional semester at the beginning of the program will allow you to take the relevant subjects. It's suitable for graduates who have mathematical or statistical specialisations (e.g. mathematics, physics or engineering).

Your other Actuarial Science program study options

Master of Commerce (Actuarial Science)

A 1.5-year program, if you have completed an actuarial science major previously. Provides Part II accreditation exemptions* for the Actuaries Institute.

Master of Actuarial Science

A 1.5-year program, if you have completed an undergraduate with a strong mathematical component, sufficient knowledge of statistics or probability. Provides Part I accreditation exemptions* for the Actuaries Institute.

Master of Actuarial Science (Enhanced)

A 2-year program, if you have completed an undergraduate with a strong mathematical and statistical component. Provides some Part II accreditation exemptions* for the Actuaries Institute.

Graduate Diploma in Actuarial Science

A 1-year program, if you have completed an undergraduate with a strong mathematical and statistical component with a pathway to the Master of Actuarial Science or the Master of Actuarial Science (Enhanced).

^{*with sufficiently high academic results}