- Length 2.5 years full-time
- Minimum 120 Units
- Academic plan 7420XMACTP
- CRICOS code 079658E
- UAC code
-
Mode of delivery
- Internal
Back to the Master of Actuarial Practice page
This degree will teach you how to apply your mathematical talent in understanding, measuring and managing the risks. It is designed for:
- Students who want to extend their study to an advanced academic level with a view to possible PhD level study.Graduates of the Master of Actuarial Practice from ANU may progress to an Australian Qualifications Framework level 10 qualification (Doctoral Degree) subject to specific admission requirements.
- 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 program requires 120 units (20 courses)
- 11 compulsory courses (66 units)
- 2 core courses (12 units)
- 7 elective courses (42 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 and
Actuarial Statistics.
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:
- 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 or 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. Below is the study plan for students commencing Semester 1. If you enter the program at Semester 2, your second semester should be enrolled the following courses: STAT7042, FINM7007, FINM7008, ECON8069Study Options
| Year 1 48 units | STAT6039 Principles of Mathematical Statistics 6 units | FINM7006 Foundations of Finance 6 units | BUSN7008 Financial Statements and Reporting 6 units | STAT6046 Financial Mathematics 6 units |
| ECON8069 Business Economics 6 units | FINM7007 Applied Corporate Finance 6 units | STAT7042 Survival Models 6 units | FINM7008 Applied Investments 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 (IAA).
It is advisable that students discuss their course selection with the Program Convener, Dr Bronwen Whiting (Bronwen.whiting@anu.edu.au). 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 info.cbe@anu.edu.au.
Do you want to talk to someone before enrolling?
Contact info.cbe@anu.edu.au
