- Length 2 years full-time
- Minimum 96 Units
- Academic plan 7410XMACTS
- CRICOS code 050802G
- UAC code
Mode of delivery
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.
- This degree requires 16 courses (96 units)
- 11 compulsory courses (66 units)
- 2 core courses (12 units)
- 3 elective courses (18 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. 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 Finance, Actuarial
Studies and Applied Statistics.
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.
selection for the students who are commencing the second year in 2015:
- 3 Control Cycle units: ACST8040 (S1), ACST8033 (S2) and ACST8041(S2)
2 advanced units: ACST8060 (S1), ACST8061 (S2) and FINM8006 (both S1 and S2)
- 3 elective courses: the prescribed courses or as approved by Program Convener.
18 units (3 courses) from the listed subject areas and 6000, 7000 or 8000 level courses, or consulted with the program convener. Please also refer to the following link for further information of the
ANU courses leading to exemption status from Institute of Actuaries, Australia
Master of Actuarial StudiesTwo 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.
|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||FINM7007 Applied Corporate Finance 6 units|
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 advisable that students discuss their course selection with the Program Convener, Dr Bronwen Whiting (Bronwen.firstname.lastname@example.org). Please ensure you take a copy of your academic transcript with you when you meet with Dr Whiting.She will available during the O week in her office (Room 4.31, Building 26C):
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 Change Form (http://www.anu.edu.au/sites/www.gaia-web1.anu.edu.au/files/resource/Enrolment-Change.pdf) and submit it to the CBE front office, or email to email@example.com.
Do you want to talk to someone before enrolling?