Master of Actuarial Studies

About the course

The Master of Actuarial Studies at UNSW Business School builds advanced capability in actuarial modelling, risk and financial decision-making. You’ll develop strong quantitative and analytical skills with an emphasis on applying actuarial methods to real business and industry problems. The program supports pathways into professional actuarial accreditation and is delivered as a specialised master’s coursework degree in actuarial science. The programme strengthens financial analysis, governance, audit, and investment decision-making for professional finance careers.

Career outcome

Graduates can pursue careers applying quantitative risk expertise across insurance and broader financial services. Typical roles include actuary or actuarial analyst, risk analyst, pricing and reserving specialist, enterprise risk consultant, and quantitative analyst in banking, superannuation or investment. The degree also supports progression toward professional actuarial recognition, positioning graduates for specialist master’s-level roles in actuarial science and risk management. Preparing graduates for accounting, audit, financial analysis, and corporate finance leadership roles.

Living Costs in Sydney**

Restaurant (Meal, Inexpensive Restaurant) A$ 17 - 22	Rent per Month (1 bedroom in City Centre) A$ 2,207 - 2,918	Rent per Month (1 bedroom Outside of Centre) A$ 1,599 - 2,115
Transportation (Daily) A$ 9 - 10	Utilities per Month (Electricity, Mobile & Internet) A$ 219 - 290

Average Salary***

*Source: QS World University Subjects Rankings (2026)

**Source: numbeo.com

***Source: PayScale.com (2026)