Master of Actuarial Science (Extended)
A graduate pathway to actuarial accreditation with exemptions for Part I (Foundation) exams.
Best for:Best for graduates with a strong background in mathematics, statistics, physics, or engineering seeking a structured pathway to actuarial accreditation and a career in insurance or superannuation.
Overview
The Master of Actuarial Science (Extended) at the University of Melbourne is a coursework-based programme designed to prepare graduates for a career in the actuarial profession. It focuses on developing analytical skills in actuarial theory, models, and techniques, particularly in insurance and superannuation. The programme is structured to provide exemptions from the Actuaries Institute’s Part I (Foundation) professional exams, enabling students to enter the workforce more quickly. Graduates will be equipped to solve complex problems, evaluate actuarial models, and apply their knowledge in real-world financial contexts. This programme is ideal for those seeking a rigorous, mathematically intensive education with direct industry relevance.
What you'll do
- Develop and apply advanced actuarial models to assess risks in insurance and superannuation sectors.
- Analyze complex financial data to evaluate actuarial principles and techniques.
- Critically evaluate and explain the use of actuarial models in real-world scenarios.
- Prepare for and potentially exempt from Part I (Foundation) professional exams by the Actuaries Institute.
- Engage in problem-solving tasks that require analytical and quantitative reasoning.
- Contribute to discussions and case studies focused on financial risk management.
Requirements
Degree required: Undergraduate or postgraduate degree with a major in mathematically based subjects such as mathematics, statistics, physics, engineering, or equivalent.
Degree offered: Master of Actuarial Science (Extended)
Language: English proficiency (assumed for admission to the programme, no explicit test mentioned)
Instruction: English
- Strong background in mathematics or statistics
- Analytical problem-solving skills
- Ability to apply theoretical knowledge to practical actuarial scenarios
- Proficiency in quantitative data analysis
- No explicit nationality or residency restrictions mentioned
- No age or prior experience caps specified
Funding & terms
Programme and admissions
Admissions not verified
A catalogue listing does not mean applications are open or funding is guaranteed. Check the source for your intake.
- Intake
- Not confirmed by the source
- Duration
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- Teaching language
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- Taught / research mode
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- Study mode
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- Campus
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- Prerequisites
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- Application instructions
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- Tuition
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- Funding
- Not confirmed by the source
How to apply
Deadline: unknown
Applicants must submit an online application through the university’s portal. They need to provide a 500-word personal statement outlining their motivation for pursuing the Master of Actuarial Science (Extended). Additional requirements include proof of prior degree completion and any relevant transcripts.
- CV or resume
- 500-word personal statement
- Undergraduate or postgraduate degree transcripts
- Proof of major in mathematically based subjects
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