Overview

The Actuarial Science (Extended) program at University of Melbourne 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.

The degree is designed to be completed in 2-years of full-time study or part time equivalent and requires completion of 200 points. The degree consists of 16 semester-length subjects comprising:

8 discipline core subjects;
2 capstone subjects; and

6 elective subjects

Career

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.

Programme Structure

Courses include:

Mathematics of Finance

Life Insurance Models

Accounting and Finance for Actuaries

Data Analytics in Insurance

General Insurance Modelling

Life Contingencies

Key information

Duration

Full-time
- 24 months
Part-time
- 48 months

Start dates & application deadlines

Starting 2027-02-26 00:00:00
- Apply before 2026-10-31 00:00:00 , International
- Apply before 2026-11-30 00:00:00 , National

Language

English

TOEFL^® IBT

81

Schedule TOEFL®

PTE Academic

64

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IELTS

6.5

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Credits

200 alternative credits

Delivered

On Campus

Campus Location

Melbourne, Australia

Disciplines

Actuarial Science View 18 other Masters in Actuarial Science in Australia

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Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

TOEFL^® IBT

81

Schedule TOEFL®

PTE Academic

64

Schedule a PTE test!

IELTS

6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

CRICOS code: 0100880

In order to be considered for entry, you must have completed:

An undergraduate or postgraduate degree with the equivalent of a major in mathematically based subjects, for example, studies in mathematics, statistics, physics, engineering;
MAST20004 Probability and MAST20005 Statistics or subjects in probability and statistics at an equivalent level; and

a personal statement outlining why they wish to be considered for the course.

In ranking applications, the Selection Committee will consider:

Prior academic performance; and

the personal statement
The minimum English language requirements

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

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Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Melbourne and/or in Australia, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

37984 AUD / year

≈ 37984 AUD / year
Domestic Applies to you

Applies to you

Citizens or residents

36992 AUD / year

≈ 36992 AUD / year

Living costs

Melbourne

Australia

1501 - 2659 AUD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Actuarial Science (Extended).

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Career

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Tuition Fees

International Applies to you

Domestic Applies to you

Living costs

Melbourne

Funding

Scholarships Information

Available Scholarships

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