single degree

Master of Actuarial Studies

A single two year graduate degree offered by the ANU College of Business and Economics

  • Length 2 year full-time
  • Minimum 96 Units
First year student? There’s more information about enrolling in your degree.
  • Length 2 year full-time
  • Minimum 96 Units
First year student? There’s more information about enrolling in your degree.

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 Studies 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.

    Career Options

    ANU provides you with more choice for your entrance score by offering the new Flexible Double Degree program.

    The ANU Flexible Double Degree lets you build skills for your chosen career without forfeiting your passion.  It's your choice to build a double degree partnership that suits your head and your heart.

    Admission Requirements

    1.Applicants are required to hold a pass degree in a business, economics, finance, mathematics or statistics discipline from an Australian university or equivalent overseas institution.

    2.Applicants must have a performance average of ANU 65% or better (or equivalent) held in the last two years of the undergraduate degree.

    3.The suitability of students to enter the program will be at the discretion of the Dean.

    4.Students entering the program are required to have an understanding of mathematics equivalent to at least one year of university level mathematics including calculus and linear algebra, as well as an introductory level understanding of mathematical statistics and financial mathematics.

    Commonwealth Supported Places

    The ANU College of Business and Economics offers a limited number of Commonwealth Supported Places (CSP) for Australian students in graduate programs. For further information, please read the general information.

    Domestic Tuition Fees (DTF)

    For more information see:

    Annual indicative fee for international students


    ANU offers a wide range of scholarships to current and future students to assist with the cost of their studies. The University is committed to enabling all students, regardless of their background, to achieve their best at ANU and realise their potential. 

    Eligibility for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are.  Specific scholarship application process information is included in the relevant scholarship listing.

    For further information see the Scholarships website.

    Program Requirements

    Students must pass and achieve a grade average of 60% across the first 48 units attempted to progress to the second year of the program.

    Degree Structure

    The program requires the completion of 96 units, which must include

    42 units from completion of compulsory courses:

    STAT6038 Regression Modelling (6 units)

    STAT6043 Life Contingencies (6 units)

    STAT6045 Actuarial Techniques (6 units)

    STAT7042 Survival Models (6 units)

    ACST8033 Control Cycle B (6 units)

    ACST8040 - Control Cycle A1 (6 units)

    ACST8041 - Control Cycle A2 (6 units)

    12 units from completion of core courses from the following list:

    ACST8047 Advanced Life Insurance (6 units)

    ACST8048 Advanced General Insurance (6 units)

    ACST8049 Advanced Global Retirement Income Systems (6 units)

    FINM8006 Advanced Investments (6 units)

    A minimum of 30 units from completion of elective courses from the following list:

    FINM7003 Continuous Time Finance (6 units)

    FINM7007 Applied Corporate Finance (6 units)

    FINM7008 Applied Investments (6 units)

    STAT6039 Principles of Mathematical Statistics (6 units)

    STAT6046 Financial Mathematics (6 units)

    STAT7018 Stochastic Modelling (6 units)

    STAT8035 Risk Theory (6 units)

    STAT8036 Credibility Theory (6 units)

    ACST8050 Research Essay in Actuarial Studies (6-12 units)

    A maximum of 12 units from completion of 6000, 7000 or 8000 level courses offered by the ANU College of Business and Economics

    Working Rules

    Working Rules for this program are available here

    Back to the Master of Actuarial Studies page

    The program is designed for:

    • Students who want to extend their study to an advanced academic level with a view to possible PhD level study.
    • Students with a good mathematics or statistics background but limited actuarial background who seek a 'conversion' option to develop the actuarial and other risk management skills to satisfy the Part I and II requirements of the Institute of Actuaries of Australia.
    • Students with an actuarial degree who seek to complete courses which are complementary to the Institute of Actuaries of Australia Part III requirements.
    • Students whose previous actuarial study was in a non-accredited program and who seek to complete their full professional studies through the ANU.

    Single degree

    • This degree requires 16 courses (96 units)
    • 7 compulsory courses (42 units)
    • 2 core courses (12 units)
    • 5 elective courses (30 units).

    About this degree

    Students must pass and achieve a grade average of 60% across the first 48 units attempted to progress to the second year of the program.

    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.

    Remember you will need to enrol in courses for both First Semester and Second Semester.  You will be able to change your enrolment in courses up until the end of week 2 of each semester without penalty.

    Course selection for the students who are commencing the second year:


    30 units (5 courses) from the prescribed courses and 12 units of 6000, 7000 or 8000 level courses offered by the ANU College of Business and Economics.

    Study Options

    Master of Actuarial Studies

    Two year coursework program: Students are able to attempt some of Part I exemptions and all of Part II exemptions. Below is the study option for students with no finance or accounting background.

    Study Options

    Year 1 48 units STAT6039 Principles of Mathematical Statistics 6 units STAT6046 Financial Mathematics 6 units FINM7006 Foundations of Finance 6 units BUSN7008 Financial Statements and Reporting 6 units
    STAT6045 Actuarial Techniques 6 units STAT7018 Stochastic Modelling 6 units STAT6043 Life Contingencies 6 units ECON8069 Business Economics 6 units

    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.

    It is advisory that students discuss their course selection with the Program Convenor, Dr Bronwen Whiting. She is available between 2-4:30pm at the orientation week (14th-16th July 2014) at her office (Room 4.31, Building 26C). Please ensure you take a copy of your academic transcript with you when you meet with Dr Whiting.

    STAT6039 is one of the core courses for Master of Actuarial Studies (STAT6038 is not a core course anymore). All students of Master of Actuarial Studies are eligible to enrol STAT6039. If you are required to have a permission number to enrol the course, or any course that is approved by Dr Whiting, please complete Enrolment Variation Form ( and submit it to the CBE front office, or email to

    Do you want to talk to someone before enrolling?


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