Program

Actuarial Studies - 8411

Program Summary

Faculty: UNSW Business School

Contact:  UNSW Business School Student Centre

Campus: Sydney

Career: Postgraduate

Typical Duration: 1.5 Years  

Typical UOC Per Semester: 24

Min UOC Per Semester: 6

Max UOC Per Semester: 24

Min UOC For Award: 72

Award(s):

Master of Actuarial Studies (Specialisation)

View program information for previous years

Program Description

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The Master of Actuarial Studies is designed graduates with a strong background in actuarial studies, econometrics mathematics or statistics. Graduates can study courses to prepare them for an actuarial career.

For graduates of an undergraduate program in Actuarial Studies, the Master of Actuarial Studies allows them to complete courses equivalent to the Part I professional courses that they have yet to complete. They can also complete the Part II courses of the Institute of Actuaries of Australia and include optional courses to assist with the later professional Fellowship examinations. They can also broaden their actuarial training by including relevant courses in the Faculty at postgraduate level in other disciplines through selection of electives.

The Master of Actuarial Studies allows graduates to obtain and develop the required competencies to enter an actuarial career and provides quantitative risk management training for entry into the financial services industry. The program covers the professional actuarial subjects and includes options in actuarial studies, quantitative risk management, and other related disciplines.

Program Objectives and Graduate Attributes

Learning goals and associated learning outcomes for the Master of Actuarial Studies:
  1. Knowledge: Our graduates will have current Actuarial knowledge applicable in local and global contexts.
  2. Critical thinking and problem solving: Our graduates will have critical thinking and problem solving skills applicable to business and/or management practice or issues.
  3. Communication: Our graduates will be effective communicators in professional contexts.
  4. Teamwork: Our graduates will be effective team participants.
  5. Ethical, social and environmental responsibility: Our graduates will be aware of ethical, social, cultural and environmental implications of business issues and practice.

Program Structure

The Master of Actuarial Studies program consists of 12 courses (72 UOC), 4 core courses and 8 electives selected from the courses offered in actuarial studies.

The typical duration is 1.5 years full-time or 3 years part-time.

Core courses

Elective courses
Choose eight elective actuarial courses from the following list:
Note: Students have the ability to choose a maximum of 4 non actuarial courses to complete the program. Enrolment into the courses, are subject to approval from the School of Risk & Actuarial and the disciplinary school offering the course.

A list of approved courses (from the viewpoint of the School of Risk and Actuarial Studies) is listed below.

Academic Rules

  • Enrolment into the Masters of Actuarial Studies
  • Complete of 12 courses (72UOC)
  • Complete 4 core courses and 8 elective courses
  • If you require a progression check for your degree, complete an online request form: www.business.unsw.edu.au/onlineforms

Fees

For information regarding fees for UNSW programs, please refer to the following website:  https://my.unsw.edu.au/student/fees/FeesMainPage.html

Recognition of prior learning or professional recognition

  • Advanced standing may be granted for similar courses already completed but not used for another award up to a maximum of two courses including any exemptions.
  • Courses covered in a completed undergraduate program equivalent to those in the core may be granted exemption from the corresponding core courses up to a maximum of 4 core courses.
  • Students completing the examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations may receive up to two exemptions in addition to those granted for the core courses (up to 4). They will be required to complete at least 10 courses in the program.

Entry Requirements

A recognised Bachelor degree (or equivalent) majoring in actuarial studies, econometrics, mathematics or statistic, with a credit average grade, as determined by UNSW Business School.

Semester 2 courses in Actuarial Studies assume that students have the required background knowledge from previous studies. Prospective students who plan to commence in semester 2 should consult the School of Risk and Actuarial Studies office prior to application in order to determine if they have the required background. Students who have a very strong background in Mathematics, Statistics, Econometrics or Finance and Financial Mathematics may be allowed to enrol in the semester 2 Actuarial Studies courses.

Professional Accreditation

The Institute of Actuaries of Australia

The Master of Actuarial Studies is fully accredited by the Institute of Actuaries of Australia for both Part I and Part II subjects and recognised for exemptions by the Institute of Actuaries (London) for the Core Technical subjects. For more details please refer to the Professional Recognition of Programs in the Online Handbook or by contacting The Institute of Actuaries of Australia.

Further Information

Please note that these requirements may be subject to change.
Students are advised to follow requirements according to the year they commenced. Please refer to previous editions of the Online Handbook for your program requirements.

Contact the UNSW Business School Student Centre for advice.
tel: + 61 2 9385 3189
location: Level 1, room 1028, Quadrangle Building
Forms, policies and procedures
Frequently asked questions

Area(s) of Specialisation