Course Overview

About This Course

Melbourne Business School's Master of Commerce (Actuarial Science) is for students who hold an actuarial degree and wish to pursue their actuarial training further. With a broad grounding in quantitative techniques in insurance and financial risk modelling, graduates of this program will be well positioned to pursue a professional career in the actuarial domain and related fields. It focuses on actuarial theory and practice, specialising in quantitative techniques for insurance, superannuation and financial risk modelling. The program has a 'practice' pathway, which focuses on advanced professional training, and a 'research' pathway, which prepares students for the PhD in Actuarial Studies.

Eligibility

Entry Requirements

Requirements

Designed for business/commerce graduates who already have an actuarial major
Applicants who do not have an actuarial major are referred to the Master of Actuarial Science
Commonwealth Supported Places (CSPs) are available
Access Melbourne entry scheme is available

Career & Study Pathways

Where this takes you

Career Opportunities

Graduates of this program will be well positioned to pursue a professional career in the actuarial domain and related fields. Students who perform to a high enough standard are able to start working towards Part II of the professional requirements of the Actuaries Institute.

Quality & Recognition

Accreditation & Migration

Accreditation Details

Academic Regulator

TEQSA

Professional Body

Actuaries Institute of Australia

Accreditation Status

Accredited

Skills Assessor

Actuaries Institute

Common Questions

Frequently Asked Questions

What are the two study pathways available in this program?

The Master of Commerce (Actuarial Science) offers a 'practice' pathway, which focuses on advanced professional training, and a 'research' pathway, which prepares students for the PhD in Actuarial Studies.

Is this course accredited by any professional body?

Yes. The Centre for Actuarial Studies is a registered Centre of Actuarial Excellence (CAE), accredited by the Society of Actuaries (SOA), which is the highest level of recognition the SOA offers to universities. Additionally, students who perform to a high enough standard are able to start working towards Part II of the professional requirements of the Actuaries Institute.

Who is the Master of Commerce (Actuarial Science) designed for?

The course is designed for business/commerce graduates who already have an actuarial major and wish to pursue their actuarial training further. Students without an actuarial major are advised to refer to the Master of Actuarial Science instead.

How long does it take to complete this course?

The Master of Commerce (Actuarial Science) takes 1.5 years to complete full time, or 3 years part time, and is delivered on campus at Parkville with an intake in March.

Are there opportunities to connect with industry and other students during the program?

Yes. The University of Melbourne Actuarial Students' Society provides a calendar of events every year, aimed at building social connections and offering members career opportunities. Additionally, graduates join a network of over 60,000 business alumni in over 100 countries.

Application

How to Apply

Three simple steps to get enrolled

Step 01

Enquire

Click "Enquire Now" and tell us a little about yourself. It's free and takes 2 minutes.

Step 02

Submit Documents

Our team will guide you on exactly which documents to prepare and submit.

Step 03

Get Enrolled

Receive your offer letter and confirm your enrolment. Welcome to the course!

Processing time: Offer letter issued within approximately 1 business days.

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