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In this course you will acquire advanced 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 theInstitute 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.

Course structure

The course comprises 96 points structured into three parts: Part A. Advanced preparatory (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 Part A, Part B and Part 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 one of the higher credit-point options.

The course is structured in three parts.  Part A. Advanced preparatory, Part B. Mastery knowledge and Part C. Application studies.  All students complete Part B.  Depending upon prior qualifications, you may receive credit for Part A or Part C or a combination of the two.

PART A. Advanced preparatory

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

PART B. Mastery knowledge

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. Application studies

This progression map provides advice on the suitable sequencing of units. It does not substitute for the list of required units as described in the Course Requirements section of the Handbook. The placement of units may be rearranged to provide flexibility in choice of elective units but care should be taken to ensure sequenced units are maintained in sequence.


Visit the Master of Actuarial Studies page on the Monash University website for more details!

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