Monash University
2 years (full time), 4 years (part time)
The Master of Actuarial Studies will help you develop advanced skills to evaluate risk through data-driven insights and guide business decisions that achieve real impact.
An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or an equivalent GPA, and must have passed an introductory statistics unit or equivalent, and a 1st year Calculus or Algebra unit, or equivalent.
The course is structured in three parts: Part A. Advanced preparatory, Part B. Mastery knowledge and Part C. Application studies. Part A. Advanced preparatory units will provide you with a review of the knowledge base required for advanced studies in the actuarial discipline. Part B. Mastery knowledge units will develop your understanding of econometric methods and will enable you to provide discipline based solutions within a business, professional or public policy community. Part C. Application studies will focus on professional or scholarly work that can contribute to a portfolio of professional development, achieved by selecting complementary units offered across the university.
Monash University is fully accredited by the Actuaries Institute, and the actuarial science major makes it easy for graduates to get jobs in their home country and across Asia. The program is delivered by renowned actuarial educators, ensuring you gain the most up-to-date real-world knowledge and foresight from leading experts in the field.
By the end of the program, you'll have made significant progress towards becoming an accredited Actuary, with exemptions for the Foundation Program and Actuary Program at the Institute of Actuaries of Australia. This accreditation allows you to specialise in actuarial and mathematical modelling and forecasting roles – using your expert skills to uncover hidden potential and guide business decisions that achieve real impact.
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