Master of Actuarial Studies

Monash University

In this course, students acquire advance expertise in statistics, econometrics, finance, economics and mathematics. It is designed for technical, mathematical and scientific graduates and professionals in the early stages of their careers, who want to pursue actuarial and risk management roles. The program covers specific areas of actuarial practice, and may include exemptions for Parts I and II of subjects of the Actuaries Institute. As part of the degree, students can choose from a wide range of elective units, across the fields of econometrics, actuarial practice, economics, business modelling and finance, which will give them the flexibility to tailor the course to their personal interests and career goals. As well as developing essential mathematical skills, it also focuses on developing wider business awareness skills including, communication, critical thinking, actuarial judgement and professionalism.

Course Fee:

Australian: $58,400
International: $83,800

Entry Requirements:

Australian bachelor degree or equivalent qualification in a technical, mathematical or scientific discipline with a Weighted Average Mark (WAM) of 65 or equivalent GPA determined by the Faculty; and successful completion of an introductory statistics unit. Applications must also meet the English language requirements and will be ranked and selected based on their entire academic record


The course comprises 96 points structured into three parts: Part A Advanced preparatory studies (24 points), Part B Mastery knowledge (60 points) and Part C Application studies (12 points). Students admitted at entry level 1 complete 96 points, comprising Parts A, B and C. Students admitted at entry level 2 complete 60 points, comprising Part B. Note: Students eligible for credit for prior studies may elect not to receive the credit and complete the higher credit-point option.

Subjects you can Study:

Actuarial studies; Econometrics

Study Pathways:

Students should be aware that the granting of exemptions from particular subjects may affect your ability to gain Actuaries Institute accreditation.

Further information:

Students may exit this course early and apply to graduate with Graduate Certificate of Business or the Graduate Diploma of Business, provided they have satisfied the requirements for that award during their enrolment in this master's course.


Actuaries Institute

Accepts International Students:


Related Careers:

Campus ATAR/OP Adjusted Mid Year Intake Study Mode Duration
Clayton No info Yes Full time 2 years
Clayton No info Yes Part time 4 years

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