• Length 2 years full-time
  • Minimum 96 Units
Admission requirements
Do you want to talk to someone before enrolling? Contact info.cbe@anu.edu.au
  • Mode of delivery
    • Internal

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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 actuarial fields. With an ANU Master of Actuarial Studies degree you will excel in 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.

Single degree

  • 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

The Master of Actuarial Studies requires the completion of 96 units, which must consist of:

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


18 units from completion of 6000-level, 7000-level and 8000-level courses from the following subject areas:

ACST Actuarial Studies

BUSI Business

ECHI Economic History

ECON Economics

EMET Econometrics

FINM Financial Management

MGMT Management

MKTG Marketing

MMIB Management, Marketing and International Business

STAT 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 Monday of week 2 of each semester without penalty.

2017 Study Plans

Advanced Courses in 2017:

*S1: offered at Semester 1. S2: offered at Semester 2.


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 (IAA): http://cbe.anu.edu.au/students/student-information/professional-organisations-accreditation/actuarie...

Elective courses: the prescribed courses as approved by Program Convener.

Study Options

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. Please read the relevant information on credit application before you apply (Credit Application Form).

It is advisable that students discuss their course selection with the Program Convener, Dr Gen Nowak (gen.nowak@anu.edu.au). Please ensure you take a copy of your academic transcript with you when you meet with Dr Nowak. He will be available during the O week in his office.

If you are required to have a permission number to enrol the course, or any course that is approved by Dr Nowak, please complete an Application for Enrolment Change (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:

Do you want to talk to someone before enrolling?

Contact info.cbe@anu.edu.au

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