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What will I learn?

Melbourne Business School's Master of Commerce (Actuarial Science) is for students who hold an actuarial degree and wish to pursue their actuarial training further. With 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.

Who is it for?

The Master of Commerce (Actuarial Science) is designed to provide business/commerce graduates who already have an actuarial major with further advanced studies in actuarial science. If you do not have an actuarial major, please refer to the Master of Actuarial Science.

The degree is designed to be completed in one and a half years of full-time study or three years part time and requires completion of 150 points, comprised of:

7 core actuarial subjects and
5 elective subjects.

Which department am I in?

Faculty of Business and Economics

CRICOS

089805E

Study options

Full Time (18 months)

Tuition fees
A$46,752.00 (25,43,634) per year
Indicative total course fee: AUD $71,296
Start date

February 2023

Venue

The University of Melbourne

Parkville Campus,

Grattan Street,

UNIVERSITY OF MELBOURNE,

Victoria,

3010, MELBOURNE, Australia

Entry requirements

For students from United States

Applicants need to successfully complete an undergraduate degree. English language requirements: IELTS (academic English Only) - 6.5 overall, with written 6.5 and no band less than 6.0; TOEFL (paper-based test) - 577 + TWE 4.5; TOEFL (internet-based test) - 79 + (Writing 21; Speaking 18; Reading 13; Listening 13); Pearson Test of English – you need an overall score from a minimum between 58-64 inclusive and achieve no PTE communicative skills score below 50; Cambridge English, Advanced/Certificate in Advanced English (CAE) – you need a Cambridge English Score from a minimum 176 with no skill below 169.

For international students

In order to be considered for entry, applicants must have completed:

An undergraduate or postgraduate degree in actuarial science or similar with a weighted average mark of at least H2A (75%)

For English language tests, we require documentary evidence of having obtained the minimum scores within the previous 24 months.

IELTS: 6.5 (with no band less than 6.0)
TOEFL (paper test): 577 with TWE 4.5
TOEFL (internet): 79 with Writing 21, Speaking 18, Reading 13, Listening 13

Pearson Test of English (Academic): 58-64 inclusive and no communicative skill below 50

*There may be different IELTS requirements depending on your chosen course.

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