Actuarial Studies

The Master of Actuarial Studies is suitable if you have a strong background in actuarial studies, economics, mathematics or statistics.

The program will prepare you for an actuarial career and entry into the broader financial services industry.If you have completed an undergraduate degree in Actuarial Studies, the Master of Actuarial … For more content click the Read More button below.The Master of Actuarial Studies is suitable if you have a strong background in actuarial studies, economics, mathematics or statistics.

The program will prepare you for an actuarial career and entry into the broader financial services industry.If you have completed an undergraduate degree in Actuarial Studies, the Master of Actuarial studies will allow you to complete courses equivalent to the Foundation Program of the Institute of Actuaries of Australia that you have yet to complete.

You can also complete the "Actuarial Control Cycle" and "Data Analytics Principles" courses of the Associateship Program.

Exemptions from the Part III ERM course are also available to those students who qualify for these exemptions in 2020.

You can also broaden your actuarial training by including relevant postgraduate electives from the Business School from complementary areas in further analytics, econometrics, accounting or finance.Read More

Core Courses

Students must take 24 UOC of the following courses.keyboard_arrow_down

• ACTL51016 UOCProbability and Statistics for Actuaries
• ACTL51026 UOCFinancial Mathematics
• ACTL51086 UOCFinance and Financial Reporting for Actuaries
• ECON51036 UOCBusiness Economics

Prescribed Electives

Students must take at least 48 UOC of the following courses.keyboard_arrow_down

• ACTL50026 UOCSuperannuation and Retirement Benefits
• ACTL500412 UOCProject Report - Actuarial Studies
• ACTL51006 UOCActuarial Theory and Practice A
• ACTL51036 UOCStochastic Modelling for Actuaries
• ACTL51046 UOCActuarial Statistics
• ACTL51056 UOCLife Insurance and Superannuation
• ACTL51066 UOCInsurance Risk Models
• ACTL51096 UOCFinancial Economics for Insurance and Superannuation
• ACTL52006 UOCActuarial Theory and Practice B
• ACTL53016 UOCModels for Risk Management
• ACTL53026 UOCRisk and Capital Management
• ACTL53036 UOCAsset-Liability Management
• ACTL53056 UOCActuarial Data Analytic Applications
• ACTL53066 UOCRetirement Saving and Spending over the Lifecycle
• ACTL54016 UOCRetirement Planning
• RISK50016 UOCFundamentals of Risk and Risk Management
• RISK50026 UOCRisk Tools
• RISK50036 UOCRisk Decisions
• RISK50096 UOCRisk Management Strategies

Prescribed Electives

Students may substitute 0-24 UOC (of an elective course only) from the following courses in order broaden their actuarial training in other disciplines such as data analytics, accounting, economics or finance.keyboard_arrow_down

• COMM81026 UOCEconometric Analysis
• ECON51066 UOCEconomics of Finance
• ECON52066 UOCFinancial Econometrics
• ECON52486 UOCBusiness Forecasting
• FINS55136 UOCInvestments and Portfolio Selection
• FINS55146 UOCCapital Budgeting and Financial Decisions
• FINS55176 UOCApplied Portfolio Management and Modelling
• FINS55306 UOCFinancial Institution Management
• FINS55356 UOCDerivatives and Risk Management Techniques
• FINS55366 UOCFixed Income Securities and Interest Rate Derivatives
• INFS57006 UOCIntroduction to Business Analytics
• INFS57106 UOCInformation Technology Infrastructure for Business Analytics
• INFS57206 UOCBusiness Analytics Methods
• INFS57306 UOCSocial Media and Enterprise 2.0
• MARK58226 UOCMarketing Analytics in a Big Data World
• MARK58266 UOCProduct Analytics
• MARK58276 UOCCustomer Analytics
• MARK58286 UOCAdvertising Analytics
• MATH53356 UOCComputational Methods for Finance
• MATH58066 UOCApplied Regression Analysis
• MATH58166 UOCContinuous Time Financial Modelling
• MATH58366 UOCData Mining and its Business Applications
• MATH58456 UOCTime Series
• MATH59056 UOCStatistical Inference
• MATH59166 UOCSurvival Analysis
• MATH59656 UOCDiscrete Time Financial Modelling
• MATH59756 UOCIntroduction to Stochastic Analysis
• MATH59856 UOCTerm Structure Modelling
• RISK50076 UOCOperational Risk Analysis and Management

Business School Course Substitution Information

Postgraduate courses offered by UNSW Business School, or by other Faculties within the University may be substituted for up to 4 courses (of an elective course only). Enrolment into the courses, are subject to approval from the School of Risk & Actuarial and the disciplinary school offering the course.Postgraduate courses offered by UNSW Business School, or by other Faculties within the University may be substituted for up to 4 courses (of an elective course only). Enrolment into the courses, are subject to approval from the School of Risk & Actuarial and the disciplinary school offering the course.Read More

To be eligible for the program, you must have:

• A recognised bachelor degree (or equivalent qualification) with a credit average as determined by the UNSW Postgraduate Coursework Entry Calculator; and
• A major (at least seven courses) in actuarial studies; or
• A major (at least seven courses) in econometrics; or
• A major (at least seven courses) in mathematics or statistics

Recognition of prior learning or professional recognition

Up to 4 courses credits (24 UOC) may be granted (towards the 4 core courses) based on your previous studies in actuarial studies (bachelor or higher). Additional course credits (up to 2 courses) may be awarded based on an incomplete postgraduate degree and/or professional examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries.

1.Business knowledge: Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.LeadersScholarsGlobal Citizens

2.Problem solving: Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.ProfessionalsLeadersScholarsGlobal Citizens

3.Business communication: Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.ProfessionalsLeadersScholarsGlobal Citizens

4.Teamwork: Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.Global CitizensLeaders

5.Responsible business practice: Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.Global Citizens

6.Global and cultural competence: Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.Global CitizensLeaders

7.Leadership development: Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.Leaders