The Master of Actuarial Studies suits those who have a strong background in actuarial studies, economics, mathematics or statistics. In this degree, you'll develop the technical expertise needed to pursue the role of an actuarial analyst, as well as other roles in the broader financial services industry. You can also strengthen your actuarial training by including relevant postgraduate electives from the Business School in other disciplines such as data analytics, accounting or finance. Applicants are expected to have a mathematical background equivalent to a full year of calculus and linear algebra at first-year university undergraduate level, with a grade above credit.

Program Code




Total units of credit (UOC)




Indicative Enrolments


Why choose this degree?

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

Who should choose this degree?

This degree is ideal for graduates seeking a career as an actuarial analyst or similar financial service roles.

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 Recognition

This degree is recognised for exemptions for all subjects in the Foundation Program and the university components of the Actuary Program of the Actuaries Institute (Australia); 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.

Students who wish to complete their studies with the Institute and Faculty of Actuaries (UK) may be eligible to receive credit for subjects for which they have credit with the Actuaries Institute via Transfer of Prior Learning (TPL).

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 statistics.

Recognition of prior learning or professional recognitionUp to 4 courses credits (24 UOC) may be granted (towards the 4 core courses) based on your previous studies in actuarial studies (bachelor or higher).

Additional course credits (up to 2 courses) may be awarded based on an incomplete postgraduate degree and/or professional examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries.

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 with limited places may have an earlier application deadline or commencement date. Find out more.



2021 Indicative First Year Fee


2021 Indicative Fee to Complete Degree


*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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