Actuarial Science

About the course

This Masters course will allow students to gain a sophisticated understanding of finance, economics and mathematics in order to contribute to research in your field or develop your career prospects. Students are typically able to choose to undertake coursework only options or a minor thesis as part of the program.

What you might learn

Students can choose units of study such as statistics for actuaries, financial mathematics, superannuation, including an option of undertaking placements for some courses. Training throughout the degree will help you to develop key skills to specialise in that subject area.

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