Actuarial Science

About the course

In this Graduate Diploma course, you will develop particular expertise in insurance, business and financial services within your choice of 8 units. Upon successful completion, you may enrol in a Masters degree with 1 year of credits (if applicable).

What you might learn

During the course, you will enrol into subjects such as mathematics of finance, insurance risk models, life contingencies, life insurance and statistical techniques in insurance. This will enable you to build on skills from your previous studies or enhance your skills in your current employment.

Career outcome

Upon graduating from this program, you may be employed in roles such as actuary, graduate consultant, acturial analyst, risk assessment officer, superannuation officer, investment banker, and etc. in companies including Towers Watson Australia, Bain & Company, Territory Insurance Office, Mercer LLC, Medibank, and etc.

Living Costs in Melbourne**

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Restaurant (Meal, Inexpensive Restaurant) A$ 15 - 20	Rent per Month (1 bedroom in City Centre) A$ 1,583 - 2,094	Rent per Month (1 bedroom Outside of Centre) A$ 1,207 - 1,596
Transportation (Daily) A$ 7 - 9	Utilities per Month (Electricity, Mobile & Internet) A$ 240 - 318

Average Salary***

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*Source: Times Higher Education World University Rankings (2020)

**Source: numbeo.com

***Source: payscale.com