Program Overview
The Commerce (Actuarial Science) at University of Melbourne is a Master programme in Mathematics & Statistics over 18 months, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of mathematics & statistics. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Commerce (Actuarial Science) programme are well-prepared for careers in academia, industry, government, and the private sector across Australia and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 18 months
- Language of instruction: English
- Study mode: On-campus
- English requirement: IELTS 6.5
- Tuition: AUD 61,635 (Tuition (Full programme)) — International students; AUD 48,703 (Tuition (Full programme)) — National students
- Location: Melbourne, Australia
Career Opportunities
Graduates of the Commerce (Actuarial Science) programme are prepared for diverse careers in mathematics & statistics:
- Actuary
- Quantitative Analyst
- Data Analyst
- Risk Manager
- Financial Modeller
- Statistical Researcher
Program Curriculum
Course Structure
- Mathematics of Finance III
- Insurance Risk Models
- Numerical Techniques in Finance
- Bayesian Econometrics
- Business Risk Management
- Systems Modelling and Simulation
Admission Requirements
Academic Requirements
- an undergraduate or postgraduate degree in actuarial science or similar with a weighted average mark of at least H2A (75%);
- the Graduate Records Examination (GRE), unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption; and
- a personal statement outlining why they wish to be considered for the course. Meeting these requirements does not guarantee selection.
- prior academic performance; and
- the GRE score unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption; and
- the personal statement.
4. Applicants are required to satisfy the university\xc2\x92s English language requirements for graduate courses. For those applicants seeking to meet these requirements by one of the standard tests approved by the Academic Board, performance band 6.5 is required.
English Proficiency: IELTS 6.5 or equivalent.
Tuition & Financial Information
Tuition Fee
AUD 61,635 (Tuition (Full programme)) — International students; AUD 48,703 (Tuition (Full programme)) — National students
Tuition fees: AUD 61,635 (Tuition (Full programme)) — International students; AUD 48,703 (Tuition (Full programme)) — National students
IELTS requirement: 6.5
Financial Aid & Scholarships
Contact University of Melbourne directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About University of Melbourne
University of Melbourne
Parkville, Australia
University of Melbourne is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen fields. The...
University Profile- Application Deadline 2006-02-18
- Start Date 2018-10-31
- Language English
- Duration 18 months