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Master of Actuarial Studies


Course Description

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.

Find out more: Visit the Faculty of Business and Economics postgraduate website (http://www.buseco.monash.edu.au/postgraduate/).

Visit the website http://www.study.monash/courses/find-a-course/2016/actuarial-studies-4439?domestic=true

Career opportunities

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.

Professional recognition (Australian)

For further details visit http://www.buseco.monash.edu.au/professional-recognition/.

For more information visit the faculty website - http://www.study.monash/media/links/faculty-websites/business-and-economics

About us

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.

Research capabilities

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.

Teaching excellence

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.

Find out how to apply here - http://www.study.monash/courses/find-a-course/2016/actuarial-studies-4439?domestic=true#making-the-application

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

Student Profiles
(Scholarship)

Team Monash Elite Student Performer Scheme - No. of awards TBC

The Team Monash Elite Student Performer Scheme is designed to support talented students studying at Monash to represent the University in the areas of Sport, Performing Arts and related disciplines. This program aims to assist students who perform at a state level or higher. Students must represent the University in a Monash Club/Society or at the Inter-University (Varsity) competitions and activities.Benefits:
- $100 to $1000 one-off payment and/or a Monash Sport gym membership.
- Dependant on the sport, the level played and the funding available.Selection
- Must be competing regularly in your discipline, at the highest level in your state, or above.
- Representation of Monash University in your sport (e.g. club, Monash University Club, Monash Australian University Games or Varsity Callenge).
- Your current and past performance in your elected discipline.
- Level at which your sport is played.Retention
- You must maintain satisfactory sporting performance, as determined by TeamMONASH.
- You must regularly represent Monash University in your discipline and participate in the Australian University Games.
- You must not be in receipt of regular payments from other funding bodies for your discipline.

Value of Scholarship(s)

$100 to $1000

Eligibility

- Australian or New Zealand citizen, holder of an Australian permanent resident visa or permanent humanitarian visa or an international student.
- Commencing or continuing undergraduate or postgraduate student enrolled at a Monash campus in Australia, including Monash College.
- Involved in a non-professional sport, performing arts or similar, as recognised by Team Monash.

Application Procedure

You must submit an application form directly to TeamMONASH (http://www.monash.edu/teammonash/talented-student-support/elite-scheme) via their Elite Student Performer Scheme

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/sports-scholarships/sport


(Scholarship)

Faculty of Business and Economics Indigenous Scholarship - 2 Awards

Selection:
- Based on academic achievement and need.
- Where possible, one scholarship will be awarded to an undergraduate student and one to a graduate/postgraduate student.Retention:
You must maintain satisfactory academic performance as determined by the Faculty of Business and Economics.

Value of Scholarship(s)

Tuition fees paid per year

Eligibility

- Indigenous Australian background.- Commencing student in an undergraduate or graduate/postgraduate (coursework) degree in the Faculty of Business and Economics at a Monash campus in Australia.- Consideration is given if you experience forms of disadvantageThis is an external link such as:financial disadvantage
difficult circumstances
disability or medical condition
from a regional or remote area of Australia- attended an under-represented school.

Application Procedure

Find out more about application information (http://www.monash.edu.au/students/scholarships/applications.html)

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/indigenous-scholarships/business-economics


(Scholarship)

Business and Economics Indigenous Study Support Scholarship - 5 Awards

Selection:
Based on need.
Where possible, bursaries will be awarded across both undergraduate and graduate/postgraduate programs.Retention:
You must maintain satisfactory academic performance as determined by the Faculty of Business and Economics.

Value of Scholarship(s)

$3000

Eligibility

- Indigenous Australian background.- Commencing or continuing student in an undergraduate or graduate/postgraduate (coursework) degree in the Faculty of Business and Economics at a Monash campus in Australia.- Consideration is given if you experience forms of disadvantage such as:financial disadvantage
difficult circumstances
disability or medical condition
from a regional or remote area of Australia
attended an under-represented school.

Application Procedure

Find out more about application information for:
- commencing students (http://www.study.monash/fees-scholarships/scholarships/applications)
- current students (http://www.monash.edu.au/students/scholarships/applications.html)

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/indigenous-scholarships/business-economics-support


(Scholarship)

QTEM Scholarship - No. of awards TBC

Selection:
Based on academic achievement and offered to the highest achieving students. Commencing or continuing students enrolled in the nominated Business and Economics postgraduate programs will be invited to apply for the QTEM program.Retention:
Recipients must participate and complete the QTEM program and remain enrolled in the required Master's degree

Value of Scholarship(s)

$3000

Eligibility

- An Australian or a New Zealand citizen, holder of an Australian permanent resident visa or permanent humanitarian visa
- An international student

Application Procedure

See the website

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/postgraduate-scholarships/qtem-scholarship



Entry Requirements

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

Email Enquiry

Recipient: Monash University

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