The Master of Actuarial Studies provides the expertise needed to pursue the role of an actuarial analyst.

 

Faculty
UNSW Business School
Delivery Mode
Face-to-face (includes blended)
Award
Master of Actuarial Studies
Commencing Terms
Term 1, Term 2, Term 3
Duration (Full Time)
1.7 Year(s)

The Master of Actuarial Studies suits those who have a strong background in actuarial studies, economics, mathematics or statistics. In this degree, you'll develop the technical expertise needed to pursue the role of an actuarial analyst, as well as other roles in the broader financial services industry.

You can also strengthen your actuarial training by including relevant postgraduate electives from the Business School in other disciplines such as data analytics, accounting or finance. Applicants are expected to have a mathematical background equivalent to a full year of calculus and linear algebra at first-year university undergraduate level, with a grade above credit.

Why study this degree at UNSW?

This degree is ideal for graduates seeking a career as an actuarial analyst or similar financial service roles. If you have an undergraduate degree in Actuarial Studies, this degree will allow you to fast-track your professional accreditation.

As a UNSW Business School student, you’ll have access to Career Accelerator - a portfolio of work experience, professional development and global business project opportunities.

 

Program Code
8411
CRICOS Code
051222G
Campus
Kensington
Total Units of Credit (UOC)
72
Indicative Enrolments
55

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To be eligible for this 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 four course credits (24 UOC) may be granted (towards the four 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.

English language requirements​

 

You may be asked to provide evidence of your English proficiency to study at UNSW depending on your educational background and citizenship. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.

If you’re completing an Australian Year 12 qualification (e.g. NSW HSC or equivalent), you do not need to provide anything extra to prove your proficiency. Your qualification will be used as evidence of your English proficiency.

If you do need to provide evidence of your English proficiency, this will be indicated in your application. You can prove this by providing evidence that you meet one or more of the following criteria:

UNSW Global offers courses and programs designed to help you reach the English language level required for entry into your chosen degree. Different options are available depending on your current English language level. Learn more.

To be eligible for this 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 four course credits (24 UOC) may be granted (towards the four 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.

English language requirements​


You may be asked to provide evidence of your English proficiency to study at UNSW depending on your educational background and citizenship. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.

If English is not your first language, you’ll need to provide proof of your English proficiency before you can be given an offer to study at UNSW. You can do this by providing evidence that you meet one or more of the following criteria:

UNSW Global offers courses and programs designed to help you reach the English language level required for entry into your chosen degree. Different options are available depending on your current English language level. Learn more.

You’ll build specialist skills and knowledge from studying four core courses and eight elective courses that meet your career goals. In the core courses you’ll study probability, statistics, financial mathematics, finance, financial reporting and business economics.

Your chosen elective courses will further develop your actuarial practice in areas like corporate finance and big data. There are more than 15 topics to choose from including asset-liability management, actuarial data analytic applications, and actuarial statistics. You can even choose some non-actuarial courses in other business fields such as data analytics, accounting, economics or finance.

If you don’t have an undergraduate degree in actuarial studies, consider the Master of Actuarial Studies (Extension), which offers four additional courses in actuarial topics.

For current and detailed course information, visit the Actuarial Studies Handbook

You’ll be well prepared to start or progress to a rewarding career in actuarial analysis in the financial services, insurance or superannuation industries. Our graduates go on to work in risk assessment and advisory roles with leading organisations or financial service firms such as EY, KPMG and PwC.

UNSW supports startups, with more founders than any other Australian university and 300+ student clubs to find co-founders (and friends). We’re one of Asia-Pacific’s best business schools, with more than 90,000 alumni worldwide who could be connections to your future career.

UNSW Business School students have exclusive access to Career Accelerator, a portfolio of professional development opportunities that include:

Potential careers

  • Actuarial Analyst
  • Business Consultant
  • Investment Banker
  • Credit Analyst
  • Insurance Analyst
  • Risk Assessment Officer
  • Superannuation Advisor
  • Wealth Management Analyst

Accreditation

Graduates earn internationally recognised accreditation from the Australian Actuaries Institute and the Society of Actuaries (USA). This accreditation provides a fast-track to achieving your career goals with exemptions to the professional standard examinations.

Applications must be submitted through our Apply Online portal. We encourage you to submit your completed application as early as possible to ensure it will be processed in time for your preferred term. Some high-demand programs and Faculties with limited places may have an earlier application deadline or commencement date. Find out more.

Ready to apply?

For most international students, applications are submitted via our Apply Online service. We encourage you to submit your completed application as early as possible to ensure it will be processed in time for your preferred term.

Some high-demand programs with limited places, may have an earlier application deadline or may have an earlier commencement date. For more information visit our international applicant information page.

*If you are an international student studying an Australian qualification, go to the Universities Admission Centre (UAC) for application and UAC key dates. Note: If you are under 18 years of age, you need to make special arrangements. Read more.

Ready to apply?

2021 Indicative First Year Fee
$35,280*
2021 Indicative Fee to Complete Degree
$53,040*

*Fees are subject to annual review by the University and may increase annually, with the new fees effective from the start of each calendar year. The indicative fees listed here are based on an estimated average and are for tuition only other fees and charges are not included. The amount you pay will vary depending on the calendar year to enrol, the courses you select and whether your study load is more or less than 1 Equivalent Full Time Student Load (8 courses per year).

Indicative fees are a guide for comparison only based on current conditions and available data. You should not rely on indicative fees. More information on fees can be found at the UNSW fees website.

Indicative fees to complete the program have been calculated based on a percentage increase for every year of the program. Fee increases are assessed annually and may exceed the indicative figures listed below.

2021 Indicative First Year Fee
$48,240*
2021 Indicative Fee to Complete Degree
$74,100*

*Fees are subject to annual review by the University and may increase annually, with the new fees effective from the start of each calendar year. The indicative fees listed here are based on an estimated average and are for tuition only other fees and charges are not included. The amount you pay will vary depending on the calendar year to enrol, the courses you select and whether your study load is more or less than 1 Equivalent Full Time Student Load (8 courses per year).

Indicative fees are a guide for comparison only based on current conditions and available data. You should not rely on indicative fees. More information on fees can be found at the UNSW fees website.

Indicative fees to complete the program have been calculated based on a percentage increase for every year of the program. Fee increases are assessed annually and may exceed the indicative figures listed below.

Scholarships

Our scholarships help you achieve your potential and enhance the experience of individuals who might otherwise struggle financially to maintain a place at university. The scholarships reward excellence, and encourage international mobility, diversity and equity.

Featured scholarship

Alumni Leaders Scholarship in Business
This scholarship supports people from a disadvantaged background to begin undergraduate studies at UNSW Business School. Explore the full range of UNSW Business School domestic scholarships.

Featured scholarship

UNSW Business School International Scholarship
This scholarship supports international undergraduate and postgraduate coursework students who are commencing full-time study at UNSW. Explore the full range of UNSW Business School international scholarships.


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