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About the course
The Master of Commerce (Actuarial Science) is a specialist degree for students with an existing actuarial background who want to extend their actuarial training. It provides advanced study in actuarial theory and practice, with an emphasis on quantitative techniques used in insurance, superannuation and financial risk modelling. Students can choose a practice-focused pathway for professional development or a research pathway that prepares for doctoral study in actuarial studies.
What you might learn
Students develop advanced quantitative and analytical capabilities used to model and manage financial and insurance risk. The course is designed to deepen technical actuarial knowledge and strengthen professional skills aligned with actuarial practice. It also offers a research-oriented pathway to build foundations for higher degree research in actuarial studies.
Career outcome
Graduates are prepared for professional careers in actuarial roles across insurance, superannuation and broader financial services where risk modelling is central. The training supports progression toward actuarial professional requirements and advanced practice-oriented work in quantitative risk. Those choosing the research pathway are positioned for further study and research careers, including preparation for a PhD in Actuarial Studies.
Entry requirements
Designed for business/commerce graduates who already have an actuarial major and wish to pursue further advanced studies in actuarial science. English language requirement: IELTS 6.5 with no band less than 6.0.
Living Costs in Melbourne**
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***
