Overview

The Master of Actuarial (Extension) adds four courses to the Master of Actuarial Studies, allowing you to study advanced actuarial and risk management topics. It covers the professional actuarial subjects and includes options in actuarial studies, quantitative risk management and other related disciplines.This degree will give you the technical expertise needed to pursue the role of an actuarial analyst and will prepare you for roles in the broader financial services industry. If you have an undergraduate degree in Actuarial Studies, the Master of Actuarial Studies (Extension) allows you to complete courses equivalent to the Part I professional courses that you have yet to complete. You can also complete the Part II courses of the Institute of Actuaries of Australia and obtain an Exemption from the Part III ERM course. 

Program Code

8416

CRICOS Code

068778K

Total units of credit (UOC)

96

Campus

Kensington

Indicative Enrolments

60

Why choose this degree?

If you have an undergraduate degree in Actuarial Studies, this degree will help you fast track your professional accreditation.

Who should choose this degree?

Students and professionals intending to consolidate or advance their careers in actuarial analysis and similar professions choose this degree.

Degree Structure

Degree Handbook

Career opportunities

  • Actuarial Analyst
  • Business Consultant
  • Investment Banker
  • Credit Analyst
  • Insurance Analyst
  • Risk Assessment Officer
  • Superannuation Advisor
  • Wealth Management Analyst

UNSW Business School's Career Accelerator portfolio offers students exclusive access to a suite of for-credit, co-curricular and business experience opportunities to kick start your career.

Accreditation / Professional Recogntion

This degree is recognised for exemptions for all subjects in the Foundation Program (previously known as Part I), the university accreditation components of the Associate Program (previously knowns as Part II), and Enterprise Risk Management in the Fellowship Program (previously known as Part III)  of the Actuaries Institute (Australia); the Core Principles courses of the Institute and Faculty of Actuaries (UK) professional examinations; and the Validation by Educational Experience (VEE) credit for the Society of Actuaries (USA) and Casualty Actuarial Society (USA). The School of Risk and Actuarial Studies is also recognised as a Center of Actuarial Excellence (CAE) by the Society of Actuaries.

Entry requirements

To be eligible for the program, you must have: A recognised bachelor degree (or equivalent qualification) with a credit average as determined by the UNSW Postgraduate Coursework Entry Calculator; and A major (at least seven courses) in actuarial studies; or A major (at least seven courses) in econometrics; or A major (at least seven courses) in mathematics or statisticsRecognition of prior learning or professional recognition

Advanced standing may be granted for courses covered in an undergraduate program or the examinations for the Fellowship of the Actuaries Institute (Australia), the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations up to a maximum of 4 core courses and 2 electives.Students will be exempted from equivalent courses completed in prior learning where they have not been granted advanced standing.Courses covered in a completed undergraduate program equivalent to those in the core may be granted advanced standing from the corresponding core courses up to a maximum of 4 core courses.

They will be required to complete at least 12 courses in the program.Students completing the examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations at the same time as enrolled in the degree may receive advanced standing for up to two courses in addition to those granted for the core courses (up to 4). They will be required to complete at least 10 courses in the program.Assumed KnowledgeSemester 2 courses in Actuarial Studies assume that students have the required background knowledge from previous studies (equivalent to a full year of undergraduate mathematics). Prospective students who plan to commence in semester 2 should consult the School of Risk and Actuarial Studies office prior to application in order to determine if they have the required background.

Students who have a very strong background in Mathematics, Statistics, Econometrics or Finance and Financial Mathematics may be allowed to enrol in the semester 2 Actuarial Studies courses as their first semester.

How to apply

Applications must be submitted through our Apply Online portal. We encourage you to submit your completed application as early as possible to ensure it will be processed in time for your preferred term. Some high-demand programs and Faculties with limited places may have an earlier application deadline or commencement date. Find out more.

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Fees

Indicative First Year Fee

$34,080*

Indicative Fee to Complete Degree

$70,080*

*Fees are subject to annual review by the University and may increase annually, with the new fees effective from the start of each calendar year. The indicative fees listed here are based on an estimated average and are for tuition only – other fees and charges are not included. The amount you pay will vary depending on the calendar year to enrol, the courses you select and whether your study load is more or less than 1 Equivalent Full Time Student Load (8 courses per year).

Indicative fees are a guide for comparison only based on current conditions and available data. You should not rely on indicative fees. More information on fees can be found at the UNSW fees website.

Indicative fees to complete the program have been calculated based on a percentage increase for every year of the program. Fee increases are assessed annually and may exceed the indicative figures listed below.

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