Program Overview
The Master of Actuarial Studies at UNSW Business School equips students with advanced analytical techniques, quantitative risk management training, and specialized skills in actuarial models, financial mathematics, and machine learning. Accredited by the Actuaries Institute, the program prepares students for careers in actuarial science, finance, and related fields. Graduates are highly sought after for their expertise in data analytics, risk assessment, and decision-making.
Program Outline
Degree Overview:
The Master of Actuarial Studies at UNSW Business School equips students with the data analytics and quantitative risk management training necessary for an actuarial career or other related careers in finance. The program provides students with the skills to apply advanced analytical techniques, deliver highly valued data analytics, and generate actionable insights. Additionally, students develop a specialized quantitative skill set in actuarial models, financial mathematics, probability, machine learning/artificial intelligence analytics, and commerce. The program is accredited by the Actuaries Institute and includes courses and electives designed to prepare students for their future careers as business professionals. The program has also earned the University-Earned Credit (UEC) program status for Financial Mathematics (FM) exam and Statistics for Risk Modelling (SRM) exam. This UEC program facilitates the pathway for students pursuing the Society of Actuaries (SOA) profession by providing opportunities to earn credit for SOA exams. Graduates of actuarial studies are in high demand. Upon graduation, students will be prepared for quantitative roles in a range of industries, including financial services, insurance, and superannuation. Graduates will be equipped to help businesses, governments, not-for-profit organizations, and individuals make critical decisions for the future.
Outline:
The Master of Actuarial Studies is a 1.7-year program consisting of 12 courses, tailored to suit students' goals. The program includes:
- Six core courses
- Five electives, to match career goals
- One capstone project In the core courses, students will study probability, statistics, financial mathematics, data visualization and communication, statistical machine learning, finance, financial reporting, and business economics.
Careers:
With highly transferable skills in actuarial studies, business, analytics, and statistics, graduates can move across and succeed in the private sector, financial institutions, and government departments. UNSW Business School's Career Accelerator provides work experiences and professional development opportunities to help students get started. Potential careers for graduates include:
- Actuarial Analyst
- Asset Management Trainee
- Business Consultant
- Credit Analyst
- Data Analyst
- Insurance Analyst
- Investment Banker
- Management Consultant
- Risk Assessment Officer
- Superannuation Adviser
- Wealth Management Analyst
- Derivatives Trader
