In this course you will acquire advance expertise in statistics, econometrics, finance, economics and mathematics.
It is designed for recent actuarial graduates and professionals in the early stages of their business careers, who want to pursue actuarial and risk management roles. The course covers specific areas of actuarial practice, and includes exemptions for Parts I and II of subjects of the Institute of Actuaries of Australia.
As part of the degree, you can choose a wide range of elective units, across the fields of econometrics, actuarial practice, economics, business modelling and finance, which will give you the flexibility to tailor the course to your personal interests and career goals.
As well as developing essential mathematical skills, the course also focuses on developing your wider business awareness skills including, communication, critical thinking, actuarial judgement and professionalism.
The course gives you access to some of Australia's renowned actuarial educators and practising actuaries with extensive industry experience, to ensure your studies focus on current concepts and issues that are relevant to business today.
The Master of Actuarial Studies gives you the skills to work across the spectrum of industry sectors, in both Australia and overseas, in risk management and actuarial roles. Graduates have pursued careers as actuaries, forecasters, risk managers, analysts, and advisers in large financial institutions, insurance and risk firms and consultancies across the world.
The Department of Econometrics and Business Statistics (EBS) is recognised worldwide as being at the forefront of its discipline areas.
Our outstanding international reputation is supported by our rankings or ratings of:
- No 1 in the Asia-Pacific region for econometrics (RePEC) - Top 10% institutions in the fields of econometrics and time series by IDEAS - Highest possible rating (well above world standard) in econometrics for Excellence in Research (ERA) conducted by the Australian Research Council
We are also designated by Monash University as an area of outstanding strength in research. The impact of research has led to the election of seven of our professors into the Academy of Social Sciences in Australia, and the appointment of many of our academic staff to editorial positions for highly ranked journals in econometrics and statistics.
We boast the largest concentration of econometricians and statisticians in a single department in Australia. This means we have significant levels of expertise in most areas of econometrics and business statistics, including actuarial studies and big data analytics.
We pride ourselves on our contemporary and engaging teaching activities. Our academic staff provide quantitative training in all relevant courses offered by Monash Business School.
Engagement and Collaboration
Through our Econometrics and Business Statistics Consulting Service, our academic staff help businesses and government bodies in their planning and decision making.
The Department also maintains strong professional links with the Centre for Development Economics and Sustainability. Through this Centre, our academic staff are engaged in high-impact research focusing on development programs in Indonesia and East Timor.