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postgraduate

Degree

Master of Actuarial Practice (Coursework)

Course code: #7420

postgraduate

Degree

Master of Actuarial Practice (Coursework)

Quick facts

  • Annual tuition (2022)

    $45,360 AUD

  • Application fee

    Free

  • Duration

    2.5 years

  • PSW

    3 years

  • Min GPA

    5 out of 7

  • CRICOS code

    079658E

Deadlines

Term start& deadline Deadline
Fall-February 22-December-2021 2021-12-22
Winter-July 15-May-2022 2022-05-15

Overview

Master of Actuarial Practice

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 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.

Learning Outcomes

  1. Demonstrate key concepts in actuarial studies and related fields, including:
  • a. Utilize concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations
    b. Apply mathematical statistics, regression modelling and other statistical techniques to actuarial problems
    c. Describe and apply stochastic processes, survival models and their application in actuarial contexts
    d. Model and value cash flows dependent on death, survival, illness, retirement, and other contingencies
    e. Apply risk modelling techniques across a variety of financial situations
  1. Apply these key concepts in advanced contexts by integrating technical concepts and business awareness
  2. Analise and interpret specific business situations so that the correct actuarial techniques can be applied.
  3. Utilize critical thinking to solve specific actuarial problems and communicate their results to a relevant audience.
  4. Apply actuarial research planning and methodology.

Estimate your cost

Residency
Count of person

$57,060

Total costs

yearly

Details


Cost of living 1 person $8,700
Accommodation 1 bed room $11,700
Tuition 1 person $45,360

Hourly wage

Min wage

23.23 AUD / 1 hour

in Australia every student can work 48 hour per fortnight

Required documents

  • Academic/Official Transcripts
  • Language Proficiency
  • Passport or Visa Documents
  • Work Experience Documents (If applicable)

Language requirements

GRE
not required
GMAT
not required

IELTS

6.5
6
listening
6
writing
6
speaking
6
reading

TOEFL

80
18
listening
20
writing
18
speaking
20
reading

PTE

64
55
listening
55
writing
55
speaking
55
reading

Cambridge

176
169
listening
169
writing
169
speaking
169
reading
Language pathway (conditional offer) is available

Duolingo test which must be taken and submitted after April 2020 for entry in Semester 1 2021, Semester 2 2021, and Semester 1 2022 only.

110 plus recorded interview with Initial View.115 or better for entry without recorded interview

The IELTS Indicator and TOEFL internet based test Home Edition will be accepted for entry in Semester 1 2021, Semester 2 2021 or Semester 1 2022 only.

ANU College programs deliver pathways to ANU designed to help you successfully transition to undergraduate or postgraduate study. 

Academic English Preparation
Academic English Preparation (AEP) is a 10-week program focused on English reading, writing, listening and speaking skills. 

AEP is designed to equip international students with skills and knowledge needed to live and work in Australia, and to successfully transition to other courses at ANUC. 

To enrol in AEP, you must have an IELTS of 5.0 (minimum 4.5 in each band) or an overall TOEFL IBT of 40 with a minimum of 12 in writing. 

Once enrolled, you must achieve a score of 60 per cent or more to successfully complete AEP. No additional IELTS is required to progress to Foundation Studies or ANU Access. 
ANU Access
ANU Access is a 10-week intensive program with a strong focus on academic English. 

To be eligible for ANU Access, you must have an overall IELTS of 6.0 (with no band less than 5.5) or an overall TOEFL IBT of 68 with a minimum of 18 in writing

A range of other English language tests are also accepted. Once you successfully complete the program you can enter your degree at ANU.


Academic background and requirement

Applicants must present a Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0, with at least one course in the field of mathematics that must cover calculus and linear algebra.

Or an ANU Graduate Certificate of Finance and Actuarial Statistics (Actuarial Statistics or Actuarial Studies specialisation) with a minimum GPA of 4.5/7.0, with at least one course in the field of mathematics from university studies that must cover calculus and linear algebra.

Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted in order to remain enrolled in the Master of Actuarial Practice. 

Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate Diploma in Business. 

If the total number of units attempted exceeds 48 in the same teaching period in which the 48th unit is attempted, exactly 48 units will be used in the calculation of the weighted average mark with units from the course with the highest mark applied first followed by further units from courses in descending order of marks.

Cognate Disciplines

Finance, Accounting, Business, Economics, Statistics, Actuarial Studies, Maths, Business Information Systems, Management, Marketing, International Business, Engineering, Physics, Science

Career opportunities

  • Actuarial Analyst
  • Consultant, Actuarial & Analytics
  • Actuarial Assistant
  • Actuarial Business Analyst

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