The Master of Actuarial (Extension) adds four courses to the Master of Actuarial Studies. You will study actuarial and risk management topics.

 

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

The Master of Actuarial (Extension) adds four courses to the Master of Actuarial Studies, allowing you to study advanced actuarial and risk management topics. It covers the professional actuarial subjects and includes options in actuarial studies, quantitative risk management and other related disciplines.

This degree will give you the technical expertise needed to pursue the role of an actuarial analyst and will prepare you for roles in the broader financial services industry. The Master of Actuarial Studies (Extension) allows you to complete courses equivalent to the Actuaries Institute Foundation courses that you have yet to complete. You can also complete the Actuarial Control Cycle and Data Analytics Principles courses of the Actuary Program.

Why study this degree at UNSW?

This degree is suited to students and professionals intending to consolidate or advance their careers in actuarial analysis and similar professions. If you have an undergraduate degree in Actuarial Studies, this degree will help you 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
8416
CRICOS Code
068778K
Campus
Kensington
Total Units of Credit (UOC)
96
Indicative Enrolments
70

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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
Advanced standing may be granted for courses covered in an undergraduate program or the examinations for the Fellowship of the Actuaries Institute (Australia), the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations up to a maximum of 4 core courses and 2 electives.

Students will be exempted from equivalent courses completed in prior learning where they have not been granted advanced standing. Courses covered in a completed undergraduate program equivalent to those in the core may be granted advanced standing from the corresponding core courses up to a maximum of 4 core courses. They will be required to complete at least 12 courses in the program.

Students completing the examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations at the same time as enrolled in the degree may receive advanced standing for up to two courses in addition to those granted for the core courses (up to 4). They will be required to complete at least 10 courses in the program.

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
Advanced standing may be granted for courses covered in an undergraduate program or the examinations for the Fellowship of the Actuaries Institute (Australia), the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations up to a maximum of 4 core courses and 2 electives.

Students will be exempted from equivalent courses completed in prior learning where they have not been granted advanced standing. Courses covered in a completed undergraduate program equivalent to those in the core may be granted advanced standing from the corresponding core courses up to a maximum of 4 core courses. They will be required to complete at least 12 courses in the program.

Students completing the examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations at the same time as enrolled in the degree may receive advanced standing for up to two courses in addition to those granted for the core courses (up to 4). They will be required to complete at least 10 courses in the program.

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.

You will build specialist skills and knowledge from studying four core courses and twelve 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 risk assessment areas like life insurance and superannuation. There are more than 25 courses to choose from that span mathematics, marketing, information technology, finance and economic topics.

For current and detailed course information, visit the Actuarial Studies (Extension) Handbook.

The Master of Actuarial (Extension) allows you to obtain and develop the required competencies to enter an actuarial career and provides quantitative risk management training for entry into the financial services industry. The program covers the professional actuarial subjects and includes options in actuarial studies, quantitative risk management, and other related disciplines.

Potential careers

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

Accreditation

Upon completing this degree, you can earn accreditation for the Australian Actuaries Institute’s Foundation program and parts of their Associateship and Fellowship programs. This degree offers international accreditations for standards set by the Institute and Faculty of Actuaries (UK), the Society of Actuaries (USA) and Casualty Actuarial Society (USA).

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
$70,800*

*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
$98,960*

*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

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Alumni Leaders Scholarship in Business
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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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