- Length 2.5 years full-time
- Minimum 120 Units
- Academic plan 7420XMACTP
- CRICOS code 079658E
- UAC code
Mode of delivery
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
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.
The Master of Actuarial Practice requires the completion of 120 units , which must include:
66 units from completion of the following compulsory courses:
STAT6039 Principles of Mathematical Statistics (6 units)
STAT6043 Life Contingencies (6 units)
STAT6045 Actuarial Techniques (6 units)
STAT6046 Financial Mathematics (6 units)
STAT7018 Stochastic Modeling (6 units)
STAT7042 Survival Models (6 units)
STAT8035 Risk Theory (6 units)
STAT8036 Credibility Theory (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)
ACST8060 Enterprise Risk Management I (6 units)
ACST8061 Enterprise Risk Management II (6 units)
42 units from completion of elective courses from the following list:
BUSN7008 Financial Statements & Reporting (6 units)
ECON8069 Business Economics (6 units)
FINM7003 Continuous Time Finance (6 units)
FINM7006 Foundations in Finance (6 units)
FINM7007 Applied Corporate Finance (6 units)
FINM7008 Applied Investments (6 units)
FINM7041 Applied Derivatives (6 units)
ACST8050 Research Essay in Actuarial Studies (6-12 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
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:
- 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.
Study Option Commencing in Semester 1
Study Option Commencing in Semester 2
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...
Master of Actuarial PracticeTwo 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, ECON8069
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 come to an academic advice session at Mezzanine Level of Building 26C (CBE) 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 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?