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 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

Schedule a PTE test!

IELTS

6.5

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4.9/5 student rating

Credits

150 alternative credits

Delivered

On Campus

Campus Location

Melbourne, Australia

Disciplines

Commerce Actuarial Science View 30 other Masters in Commerce 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: 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 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.

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 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 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.

On this page

About

Overview

What is it about?

Employment outcomes

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

Our partners