- Length 2.5 years full-time
- Minimum 120 Units
- Academic plan 7420XMACTP
- CRICOS code 079658E
- UAC code
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Mode of delivery
- Internal
Back to the Master of Actuarial Practice page
Are you a maths whiz who
wants stimulating work, limitless potential and an ever growing salary?
This is the esteemed degree that will make you a thought leader in
financial fields. With an ANU Master of Actuarial Practice degree you
will excel your career literally anywhere in the world. Risk
is all around us - in investment markets, on the roads, from our health
and the climate. This degree will teach you how to apply your
mathematical talent in understanding, measuring and managing the risks. Graduates
will apply mathematical, statistical, financial, economic and other
skills to untangle the most complex and difficult problems facing the
commercial world.
About this degree
The Master of Actuarial Practice requires the completion of 120 units, which must include:
66 units from completion of the following compulsory courses:
ACST8033 Investment and Asset Modelling
ACST8040 Actuarial Control Cycle 1
ACST8041 Actuarial Control Cycle 2
STAT6039 Principles of Mathematical Statistics
STAT6043 Life Contingencies
STAT6045 Actuarial Techniques
STAT6046 Financial Mathematics
STAT7004 Introduction to Stochastic Processes
STAT7042 Survival Models
STAT8035 Risk Theory
STAT8036 Credibility Theory
12 units from completion of courses from the following list:
ACST8045 Advanced Insurance
ACST8047 Advanced Life Insurance
ACST8048 Advanced General Insurance
ACST8049 Advanced Global Retirement Income Systems
ACST8060 Enterprise Risk Management 1
ACST8061 Enterprise Risk Management 2
FINM8006 Advanced Investments
42 units from completion of courses from the following list:
ACST8050 Research Essay in Actuarial Studies
BUSN7008 Financial Statements and Reporting
ECON8069 Business Economics
FINM7003 Continuous Time Finance
FINM7006 Applied Foundations of Finance
FINM7007 Applied Corporate Finance
FINM7008 Applied Investments
FINM7041 Applied Derivatives
Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted in order to remain enrolled in the Master of Actuarial Practice.
If the total number of units attempted exceeds 48 in the same teaching period in which the 48th unit is attempted, exactly 48 units will be used in the calculation of the weighted average mark with units from the course with the highest mark applied first followed by further units from courses in descending order of marks.
Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate Diploma of Business.
Enrolment Status
It is possible to enrol in fewer courses per semester but it will take you longer to finish your program and get your degree. If you are an international student you must always be enrolled full-time in 24 units each semester.
You are encouraged to enrol in courses for both First Semester and Second Semester. You will be able to change your enrolment in courses up until Monday of week 2 of each semester without penalty.
Course
selection for the students who are commencing the second year:
- 3 Control Cycle units: ACST8040 (S1), ACST8033 (S2) and ACST8041(S2)
- 3 core courses: STAT7042 (S1), STAT8035 (S1) and STAT8036 (S2)
-
2 advanced units: ACST8060 (S1), ACST8061 (S2) and FINM8006 (both S1 and S2)
- 3 elective courses: the prescribed courses as approved by Program Convener. If you wish to complete FINM7003, you should consider to enrol FINM7041 in the second year.
Electives
42 units (7 courses) from the listed courses. Please also refer to the following link for further information of the ANU courses leading to exemption status from Institute of Actuaries, Australia (IAA): http://cbe.anu.edu.au/students/student-information/professional-organisations-accreditation/actuarie...
Study Options
Master of Actuarial Practice
Two and half year graduate coursework program: Students are able to attempt all of Part I exemptions and all of Part II exemptions. The study plan varies for students commencing Semester 2.Academic Advice
Before applying for any credit or exemption towards the program,
students (except the ANU students) should include an assessment of their qualification completed
by Institute of Actuaries, Australia (IAA).
If after reading through these guidelines you are unsure about your which courses to enrol in, you can seek an academic advice advice during Orientation week, or contact your program convener, Dr Gen Nowak.
If you are required to have a permission number to enrol the course, or any course that is approved by Dr Gen Nowak, please complete an Application for Enrolment Change Form (http://www.anu.edu.au/files/resource/Enrolment-Change-Editable.pdf) and submit it to the CBE Student Services, or email to info.cbe@anu.edu.au.Please refer to the CBE Fast Track page:
https://www.cbe.anu.edu.au/fasttrack
Do you want to talk to someone before enrolling?
Contact info.cbe@anu.edu.au
