Master of Commerce in Actuarial Science in Parkville Australia | The University of Melbourne

The University of Melbourne | Parkville Australia
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Qualification
Masters Degree (Coursework)
Languages
English
Delivery Mode
On-Campus
Tuition (2025)
AUD 56,992
(c. USD40,220.28)
Attendance
Full-time
Full-time Duration
18 months

Pursue your education at an internationally renowned research hub: The Centre for Actuarial Studies, operating under the Department of Economics, holds the prestigious Centre of Actuarial Excellence (CAE) designation from the Society of Actuaries (SOA). This represents the SOA's top-tier accreditation for academic institutions, with strict criteria covering degree programs, course content, alumni numbers, faculty qualifications, graduate outcomes, academic rigor, industry engagement, and research contributions.Professional recognition: High-achieving students can begin fulfilling Part II of the Actuarial Institute's professional certification requirements.Join a vibrant community: The University of Melbourne Actuarial Students' Society organizes annual events designed to foster professional relationships and create career development opportunities.
Choose your specialization: Enhance your Actuarial Science foundation by selecting either the professional skills-focused 'practice' track or the academic-oriented 'research' path that prepares you for doctoral studies.
Join our worldwide community: Gain immediate access to an influential network of more than 60,000 business graduates spanning across 100+ countries.
Melbourne Business School's Master of Commerce (Actuarial Science) caters to graduates with existing actuarial qualifications seeking advanced training. The program provides comprehensive training in quantitative methods for insurance and financial risk analysis, equipping graduates for professional roles in actuarial science and related sectors. It emphasizes both theoretical and applied aspects of actuarial work, with concentrations in insurance, retirement planning, and financial risk assessment. Students can opt for either the professional development-focused 'practice' stream or the academic preparation 'research' track leading to PhD studies in Actuarial Science.


Destination of Study

Subjects of Study

Language Requirements

English
IELTS 6.5

Qualification 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

English language requirements:

IELTS (academic English Only): 6.5 (no band less than 6.0)
TOEFL Internet-based test: 79 + ; Writing 21; Speaking 18; Reading 13; Listening 13;
Pearson Test of English Academic: 58 + no communicative skill below 50
Cambridge English: Advanced/ Certificate of Advanced English (CAE): 176 + no skill below 169.

Tuition AUD 56,992

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