Actuarial Studies

With the widest choice of actuarial subjects on offer, the University of Melbourne is your best choice for actuarial studies in Victoria.

Actuaries assess, evaluate and manage the financial risks faced by individuals, organisations and governments for future planning. Risks include illness, disability and death, the effects of natural disasters such as cyclones and earthquakes, and major economic or social change.

If you choose to major in actuarial studies you will have a firm grounding in the traditional actuarial skill set of mathematics, statistics, demography, finance and economics. This background, coupled with strong analytical skills, sees actuaries serving as financial advisers to a range of organisations including life, general and health insurance companies; banks and other financial institutions; superannuation funds; and governments. Actuaries tackle many types of problems, most of which involve uncertainty about the future.

Our Centre of Actuarial Studies is one of only six institutions with full accreditation from the Actuaries Institute, the professional actuarial body in Australia.

Graduates of the Actuarial Studies major are well prepared for careers in the following areas:

• Banking and finance
• Capital and risk management
• Financial planning
• Financial reporting and performance management
• General insurance
• Health insurance
• Investments and asset management
• Life insurance: product pricing, design and distribution
• Superannuation
• Valuation of insurance liabilities and financial instruments.