Master of Commerce (Actuarial Science)

The University of Melbourne

Type of institution: University/Higher Education Institution
Level: Postgraduate
CRICOS: 00116K

Melbourne Business Schools 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, specializing 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.

Structure

  • Total Credit Points 150
  • 7 Core Actuarial Subjects
  • 5 Elective Subjects

Subjects

  • Mathematics of Finance III
  • Insurance Risk Models
  • Actuarial Practice and Control I
  • Actuarial Practice and Control III
  • Actuarial Practice and Control II
  • Time Series Analysis and Forecasting
  • Bayesian Econometrics
  • Numerical Techniques in Finance
  • Systems Modelling and Simulation
  • Mathematical Statistics
  • Business Risk Management
  • General Insurance Practice
  • Computational Statistics & Data Science
  • Computational Statistics & Data Science

Standard entry requirements

  • 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.

Study information

CampusFeesMid year intakeAttendance
Parkville International: $88,338 No
  • Full-time : 18 months
  • Part-time : 3 years

Fee comments

Campuses: Parkville.

Part time is only available for domestic students.

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