Master of Commerce (Actuarial Science)

Melbourne Business School

Australia, Melbourne

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Melbourne Business School

Australia , Melbourne

Key Facts

Program Level

Master by Course Work

Study Type

Full Time

Delivery

On Campus

Course Code

089805E

Campuses

Parkville Campus

Program Language

English

Start & Deadlines

Next Intake DeadlinesMarch-2026

Apply to this program

Go to the official application for the university

Duration 18 month(s)

Tuition Fee

AUD 56,992 / year

Next Intake March-2026

Master of Commerce (Actuarial Science)

About

Actuarial studies is a discipline well-known for its quantitative aspects and mathematical rigour.

Melbourne Business School's Master of Commerce (Actuarial Science) provides a broad grounding in quantitative techniques in insurance and financial risk modelling. Graduates of this program will be well positioned to pursue a professional career in the actuarial domain and related fields.

It focuses on actuarial theory and practice, specialising in quantitative techniques for insurance, superannuation and financial risk modelling.

The program has a ‘practice’ pathway, which focuses on advanced professional training, and a ‘research’ pathway, which prepares students for the PhD in Actuarial Studies.

Requirements

Entry Requirements

Admission criteria

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, AND
Submit a 500 word personal statement outlining why you wish to be considered for this course.

Meeting the published entry requirements for this course does not guarantee selection.

Where our admission criteria includes a minimum Weighted Average Mark (WAM) and/or specific subject criteria, these are based on University of Melbourne grades and subjects. If you've studied elsewhere, we'll assess your relevant prior studies and equivalent grades. Your final WAM may be adjusted depending on your previous institution's accreditation, subject grading, and pass marks.

You can use our graduate coursework grade conversion eligibility calculator to get an indication of whether you are eligible for this course based on your previous studies and Weighted Average Mark (WAM).

Calculate your eligibility

English language requirements

All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test. If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:

English language test score requirements
If you need to undertake an English language test, you must meet one of the scores* below:

IELTS

6.5

with no band less than 6.0
TOEFL

79+

with writing 21; speaking 18; reading 13; listening 13
PEARSON

64+

with no communicative skill below 60
CAMBRIDGE

176+

with no skill less than 169
*Accepted tests: IELTS (Academic English Only); TOEFL Internet-based test; Pearson Test of English Academic; Cambridge English: Advanced/Certificate of Advanced English (CAE). If a test displays N/A, it means it is not accepted for this course.

About selection

When assessing applications, the Selection Committee will consider your previous studies and academic performance.

The Selection Committee may request additional information to clarify any aspect of an application, according to the University’s Academic Board rules regarding selection instruments.

Meeting the published entry requirements for this course does not guarantee selection.

The Selection Committee will consider your GRE score (if relevant) and your personal statement.

English Program Requirements

English language test score requirements

If you need to undertake an English language test, you must meet one of the scores* below:

IELTS

6.5

with no band less than 6.0

TOEFL

79+

with writing 21; speaking 18; reading 13; listening 13

PEARSON

64+

with no communicative skill below 60

CAMBRIDGE

176+

with no skill less than 169

*Accepted tests: IELTS (Academic English Only); TOEFL Internet-based test; Pearson Test of English Academic; Cambridge English: Advanced/Certificate of Advanced English (CAE). If a test displays N/A, it means it is not accepted for this course.

Career

Employment outcomes

Our graduates have gone on to some successful and varied careers. These are just some examples:

PhD candidate, Cass Business School, United Kingdom

Research Assistant, Melbourne Business School, Australia

Actuarial Analyst, China Continent Property & Casualty Insurance, China

Practical Skills

You will leave the degree with a number of essential skills, including the ability to:

Critically analyse theoretical and practical problems in actuarial work
Evaluate analytically and numerically using actuarial models
Understand actuarial practice and conduct

Professional Accreditation

Graduates of the degree who have performed at a sufficiently high level will have gained the knowledge to complete the associateship of the Actuaries Institute and may gain exemptions from almost all of its requirements.