The University of Melbourne

Master of Actuarial Science

Nationally Recognised Higher Education

Melbourne Business School's Master of Actuarial Science is the fastest graduate pathway to prepare you for the actuarial profession. Graduates of this degree will be analytical in the application of actuarial theory, knowledge, principles, techniques and data. They will be problem solvers capable of explaining, applying and critically evaluating the use of actuarial models, particularly in relation to insurance and superannuation.

The Master of Actuarial Science is designed to provide non-actuarial graduates with their initial education in actuarial studies. It's suitable for graduates who have mathematical or statistical specialisations (e.g. mathematics, physics or engineering).

Delivery mode

The University of Melbourne offers this course through the following delivery modes:

On campus

Work with instructors and classmates in a supportive and collaborative environment.


Locations
  • Grattan Street, Parkville

Entry requirements

Domestic Students

  • There are no mandated entry requirements.

To be considered for entry into this course, you must:

  • Have completed an undergraduate or postgraduate degree with a major in mathematically based subjects, such as studies in mathematics, statistics, physics, engineering (or equivalent), AND
  • Have completed the subjects MAST20004 Probability and MAST20005 Statistics or subjects in probability and statistics at an equivalent level, AND
  • Submit a 500-word personal statement outlining why you wish to be considered for this course.
Additional requirements may apply.

Course fees

Estimated Fee* $0 - $53,094 $80,080 Fees are based on full-time study.
* Fees are indicative only and vary based on your circumstances and eligibility for government funding.
Standard Tuition:
$53,094
Standard Tuition:
$80,080
Full Fee Tuition:
$53,094
Full Fee Tuition:
$80,080
Enquire with The University of Melbourne to find out more.
Study mode On Campus
Duration 18 Months
Estimated fee* $0 - $53,094 $80,080 Support may be available

Career opportunities

The Master of Actuarial Science will prepare you for the following roles.

Actuarial Analyst

An Actuarial Analyst assesses financial risks using mathematics, statistics, and financial theory. You might work in an insurance company, consulta...

Avg yearly income $91,000
Entry barriers Low

Actuarial Consultant

An Actuarial Consultant provides expert advice on financial risk and uncertainty. You might work for insurance companies, consultancy firms, or gov...

Avg yearly income $119,600
Entry barriers Low

Actuary

An Actuary interprets information and data to assist with financial decision making. You might analyse data from a range of sources and assess the ...

Avg yearly income $124,800
Entry barriers Low

Insurance Underwriter

An Insurance Underwriter assesses and evaluates insurance applications to determine the level of risk and the appropriate premium to charge. You mi...

Avg yearly income $94,952
Entry barriers Low

Risk Analyst

A Risk Analyst analyses information and data to assess risk. You might work in banking, insurance or a range of other industries. Risk Analysts mak...

Avg yearly income $121,992
Entry barriers Low

About The University of Melbourne

Welcome to the University of Melbourne. We are Australia’s leading research university, with a 165-year-long tradition of higher education in the arts, sciences and numerous professional disciplines.

At Melbourne, we take delight through our on-campus teaching and graduate online programs in helping undergraduate and postgraduate students from Australia and many other countries to achieve globally recognised qualifications. The educational experience here prepares well-rounded graduates who are academically outstanding and practically grounded.

We also support and encourage internationally-connected research collaborations around basic and applied problems, in the hope of changing the world for the better.