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.
February 2023
The University of Melbourne
Parkville Campus,
Grattan Street,
UNIVERSITY OF MELBOURNE,
Victoria,
3010, MELBOURNE, Australia
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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