Master of Actuarial Studies
Monash University
Type of institution: University/Higher Education Institution
Level: Postgraduate
CRICOS: 00008C
In the Master of Actuarial Studies you will develop your proficiency in advanced analytical and mathematical systems – and learn to apply your knowledge in the complex worlds of economics, econometrics, business modelling and finance.The course covers specific areas of actuarial practice, and includes exemptions for Parts I and II of subjects of the Institute of Actuaries of Australia. As part of the degree, you can choose a wide range of elective units, across the fields of econometrics, actuarial practice, economics, business modelling and finance, which will give you the flexibility to tailor the course to your personal interests and career goals.The course gives you access to some of Australia's renowned actuarial educators and practising actuaries with extensive industry experience, to ensure your studies focus on current concepts and issues that are relevant to business today. You will also spend time growing as a business professional, enhancing your communication, leadership and judgement skills.
Structure
The course comprises 96 points structured into three parts: Part A Advanced preparatory studies (24 points), Part B Mastery knowledge (60 points) and Part C Application studies (12 points). Students admitted at entry level 1 complete 96 points, comprising Parts A, B and C. Students admitted at entry level 2 complete 60 points, comprising Part B. Note: Students eligible for credit for prior studies may elect not to receive the credit and complete the higher credit-point option.
Subjects
- Actuarial studies
- Econometrics
Standard entry requirements
Entry level 1: An Australian bachelor degree (or equivalent) with a Weighted Average Mark (WAM) of 65% or an equivalent GPA and must have passed an introductory statistics unit or equivalent and a 1st year Calculus or Algebra unit, or equivalent. Applicants will be ranked and selected based on their entire academic record.Entry level 2: An Australian bachelor degree (or equivalent) and an Australian graduate certificate in a cognate discipline with a WAM of 65% in both qualifications or qualifications and experience approved by the faculty.Entry level 3: An Australian bachelor honours degree (or equivalent) in a cognate discipline with a WAM of 65% or qualifications and experience approved by the faculty.English entry requirementsLevel AIELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21
Recognition
Actuaries Institute
Study pathways
Students should be aware that the granting of exemptions from particular subjects may affect your ability to gain Actuaries Institute accreditation.
Study information
| Campus | Fees | Entry | Mid year intake | Attendance |
|---|---|---|---|---|
| Clayton | Domestic: $66,000 International: $100,000 | No |
|
Further information
Students may exit this course early and apply to graduate with Graduate Certificate of Business or the Graduate Diploma of Business, provided they have satisfied the requirements for that award during their enrolment in this master's course.
