Master of Commerce (Actuarial Science)
Course code: MC-COMACTS
March
Commonwealth Supported Places (CSPs) available
Access Melbourne is available
March
AUD $60,992 (2026 indicative first year fee)
IELTS 6.5: with no band less than 6.0
Student experience
Overview
At MBS we offer a comprehensive program to support your learning, develop your skills and enrich your degree. We encourage you to be involved both on and off campus and to make the most of your time outside the classroom.
Quantitative and Mathematical Rigour
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.
Dr Xueyuan Shane Wu
Dr Xueyuan Wu is a Senior Lecturer in Actuarial Studies and teaches Insurance Risk Models in Master of Commerce (Actuarial Science). Dr Wu's main research interests include Matrix Analytic Methods (MAMs) in risk theory, discrete-time risk models, correlated risk models and ruin theory. He is also interested in actuarial statistics.
David Heath
David Heath teaches Actuarial Practice and Control (I and II), and General Insurance Practice. David Heath has over 25 years' experience as a consulting actuary, specialising in general insurance, accident compensation, and legal calculations. David also acts as a company director, and is the Chair of the Audit Committee at the Transport Accident Commission.
Student experience
Bryan Poh
"The facilities, resources and support provided by the university are unparalleled in Australia, and the university’s prestige would distinguish me within the industry. The opportunity to study the Master of Commerce (Actuarial Science) has enhanced my knowledge in the field of Actuarial Science."
Bryan is currently working as an Actuarial Analyst at AIA Australia.