B6014 Master of Actuarial Studies

The course is structured in four parts: Part A. Advanced preparatory studies, Part B. Core studies, Part C. Discipline studies and Part D. Elective studies.

Part A. Advanced preparatory studies

These units will provide you with a review of the knowledge base required for advanced studies in the actuarial discipline.

Part B. Core studies

These units will develop your understanding of econometric methods and will enable you to provide discipline based solutions within a business, professional or public policy community.

Part C. Discipline studies

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of actuarial studies to provide discipline based solutions to commerce. 

Part D. Elective studies

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development. This will be achieved by selecting complementary units offered across the university.

Master's entry points

Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:

If you are admitted at entry level 1 you complete 96 credit points, comprising Part A, Part B, Part C and Part D.
If you are admitted at entry level 2 you complete 72 credit points, comprising Part B, Part C and Part D.
If you are admitted at entry level 3 you complete 60 credit points, comprising Part B and Part C

Note: if you are eligible for credit for prior studies you may elect not to receive the credit and complete one of the higher credit-point options.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

The course comprises 96 credit points structured into four parts: Part A. Advanced preparatory (24 credit points), Part B. Core studies (18 credit points), Part C. Discipline studies (42 credit points) and Part D. Elective studies (12 credit points).

Units are 6 credit points unless otherwise stated.


Part A. Advanced preparatory studies (24 credit points)

You must complete the following units:

• ACF5950 Introduction to financial accounting

• BFC2140 Corporate finance 

• ETC2430 Actuarial cash flow modelling

• ECX5953 Economics

Part B. Core studies (18 credit points)

You must complete the following units:

• ETC4110 Actuarial practice 1

• ETC4120 Actuarial practice 2

• ETC5250 Introduction to machine learning

Part C. Discipline studies (42 credit points)

You must complete 42 credit points comprising:

- 30 credit points from the list of units below; and
- any two Level 5 units from the Faculty of Business and Economics.

Notes

The following units are specifically allocated for actuarial exemption/accreditation purposes: ETC5252, ETC5256, ETC5342, ETC5343, ETC5346, ETC5352, ETC5353, ETC5550ETC5252 Probability and statistical inference for economics and business

Any student coming into this course with existing Actuaries Institute exemptions based on prior undergraduate study may be able to receive credit for some or all of the Part A units, and preclusions for some or all of the Part C Specialist list, which will allow them to choose other Level 5 units to replace these.

• ETC5252 Probability and statistical inference for economics and business

• ETC5256 Statistical modelling for actuarial studies

• ETC5342 Applied insurance methods

• ETC5343 Financial mathematics under uncertainty

• ETC5346 Financial econometrics

• ETC5352 Foundations of quantitative finance

• ETC5353 Life insurance mathematics

• ETC5550 Applied forecasting

Note: Any student coming into this course with existing Actuaries Institute exemptions based on prior undergraduate study may be able to receive credit for some or all of the Part A units, and preclusions for some or all of the Part C Specialist list, which will allow them to choose other Level 5 units to replace these.

Part D. Elective studies (12 credit points)

You must complete 12 credit points of elective study at either Level 4 or Level 5.

Elective units may be chosen from the Faculty of Business and Economics or across the University so long as you have the prerequisites and there are no restrictions on enrolling in the units.