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    Master of Actuarial Studies
    Go to University of New South Wales
    University of New South Wales

    Master of Actuarial Studies

    University of New South Wales

    University of New South Wales

    flag

    Australia, Sydney

    University RankQS Ranking
    19

    Key Facts

    Program Level

    Master by Course Work

    Study Type

    Full Time

    Delivery

    On Campus

    Course Code

    051222G

    Credit point

    72 Points

    Campuses

    Kensington

    Program Language

    English

    Start & Deadlines

    Next Intake DeadlinesJuly-2025
    Apply to this program

    Go to the official application for the university

    Duration 19 month(s)
    Tuition Fee
    AUD 59,000  / year
    Next Intake July-2025

    Master of Actuarial Studies

    About

    The Master of Actuarial Studies equips you with the data analytics and quantitative risk management training for an actuarial career, and careers in finance.

    Through this degree, you’ll learn to apply advanced analytical techniques, deliver highly valued data analytics, and actionable insights. You’ll also develop a specialist quantitative skill set in actuarial models, financial mathematics, probability, machine learning / artificial intelligence analytics, and commerce. The program is accredited by the Actuaries Institute and includes courses and electives to develop your future career as a business professional.

    The program has also earned the University-Earned Credit (UEC) program status for Financial Mathematics (FM) exam and Statistics for Risk Modelling (SRM) exam. This UEC program facilitates the pathway for students who pursue the Society of Actuaries (SOA) profession by providing opportunities to earn credit for SOA exams.

    Graduates of actuarial studies are in high demand. Upon graduation you’ll be ready for a quantitative role in a range of industries including financial services, insurance, and superannuation, and be equipped help businesses, governments, not-for-profit organisations, and individuals make critical decisions for the future.

    If you have already 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 Actuaries Institute. You can also complete the "Actuarial Control Cycle" and "Data Analytics Principles" courses of the Actuary Program.

    You'll study at UNSW Business School, which has been ranked the #1 business school in Australia by AFR BOSS for the last two years in a row*. That means our business education leads the way in career impact, quality and reputation.

    The UNSW School of Risk and Actuarial Studies is a designated Centre of Actuarial Excellence (US Society of Actuaries), and a 2021 Casualty Actuarial Society (US) University Award winner.

    Our industry connections and world leading research are embedded into our programs to ensure your knowledge, skills and experience are relevant, forward-looking, and in-demand.

    *AFR BOSS 2023 Best Business School Rankings

    Requirements

    Entry Requirements

    To be eligible for this program, you must have a recognised bachelor degree (or equivalent qualification) with a substantial component of mathematics, statistics, econometrics or actuarial studies, with a credit average, as determined by the UNSW Business School.

    Applicants are expected to have a mathematics background equivalent to a full year of calculus and linear algebra at first-year university undergraduate level.

    Entries are also open to students with background in related disciplines including financial engineering, data science, data engineering, physics, engineering, any related quantitative field.

    Recognition of prior learning or professional recognition

    Advanced standing, or recognition of prior learning is credit granted for experience and prior studies that are relevant to the program. It may be granted for courses covered in an undergraduate program, or the examinations of the Actuaries Institute (Australia), the Institute of Actuaries (UK), or the Society of Actuaries.

    If you aren't eligible for advanced standing where you have relevant prior learning, you may be able to take some substitution courses, so that you aren't learning material you have already covered.

    English Program 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:

    • English language tests and university English courses
    • Prior study in the medium of English
    • Other qualifications

    If you need to improve your English skills before you start your degree, UNSW College’s Academic English Programs are for you. The programs are suitable for various English levels and help you prepare for university studies and life in Australia.

    For more details, visit the English Language Requirements page. 

    Career

    Future careers

    With highly transferable skills in actuarial studies, business, analytics, and statistics, you can move across, and succeed in the private sector, financial institutions, and government departments. UNSW Business School's Career Accelerator provides work experiences and professional development opportunities to help get you started.

    Potential careers

    • Actuarial Analyst
    • Asset Management Trainee
    • Business Consultant
    • Credit Analyst
    • Data Analyst
    • Insurance Analyst
    • Investment Banker
    • Management Consultant
    • Risk Assessment Officer
    • Superannuation Adviser
    • Wealth Management Analyst
    • Derivatives Trader

    Accreditation

    The Master of Actuarial Studies provides a strong foundation for becoming an actuary or working within a related field. You can earn exemptions from courses in the Actuaries Institute’s Foundation and Actuary Program in Australia, or VEE credit from the Society of Actuaries (USA). Mutual recognition arrangements between major actuarial associations also mean that your professional qualifications are internationally transferrable.

    Fee Information

    Tuition Fee

    AUD 59,000 

    Application Fee

    AUD  
    University of New South Wales

    Master of Actuarial Studies

    University of New South Wales

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    Australia,

    Sydney

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