Overview

The Master of Commerce (Actuarial Science) program at University of Melbourne is designed to provide business/commerce graduates who already have an actuarial major with further advanced studies in actuarial science.

What is it about?

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.

The program 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.

Employment outcomes

Graduates have gone on to some successful and varied careers. These are just some examples:

PhD candidate, Cass Business School, United Kingdom
Research Assistant, Melbourne Business School, Australia
Actuarial Analyst, China Continent Property & Casualty Insurance, China

Programme Structure

Courses include:

Mathematics of Finance

Insurance Risk Models

Actuarial Practice and Control

Numerical Techniques in Finance

Time Series Analysis and Forecasting

Business Risk Management

Key information

Duration

Full-time
- 18 months
Part-time
- 36 months

Start dates & application deadlines

Starting 2026-02-26 00:00:00
- Apply before 2025-10-31 00:00:00 , International
- Apply before 2025-11-30 00:00:00 , National

Language

English

IELTS

6.5

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PTE Academic

64

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TOEFL^® IBT

79

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Credits

150 alternative credits

Delivered

On Campus

Campus Location

Melbourne, Australia

Disciplines

Commerce Actuarial Science View 15 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

IELTS

6.5

Free IELTS Mock Tests!

PTE Academic

64

Schedule a PTE test!

TOEFL^® IBT

79

Schedule TOEFL®

Check IELTS test dates and locations. Book an IELTS test now!

Other requirements

General requirements

CRICOS code: 00116K
Have completed an undergraduate or postgraduate degree in actuarial science (or similar) with a Weighted Average Mark of at least 75%) (or equivalent), AND
Have completed the Graduate Records Examination (GRE), unless you have completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption, AND
Submit a 500 word personal statement outlining why you wish to be considered for this course.

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

Additional medical costs (i.e. dental)
Repatriation, if something happens to you or your family
Liability
Home contents and baggage
Accidents
Legal aid

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

Get your student insurance now

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 Fee

To always see correct tuition fees

International

56992 AUD/year

Tuition Fee

Based on the tuition of 56992 AUD per year during 18 months.
National

36992 AUD/year

Tuition Fee

Based on the tuition of 36992 AUD per year during 18 months.

Living costs for Melbourne

1501 - 2659 AUD /month

Living costs

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 Master of Commerce (Actuarial Science).

Available Scholarships

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

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