Master of Actuarial Practice

The Master of Actuarial Practice requires the completion of 120 units, which must include:

66 units from completion of the following compulsory courses:

ACST8033 Investment and Asset Modelling

ACST8040 Actuarial Control Cycle 1

ACST8041 Actuarial Control Cycle 2

STAT6039 Principles of Mathematical Statistics

STAT6043 Life Contingencies

STAT6045 Actuarial Techniques

STAT6046 Financial Mathematics

STAT7004 Introduction to Stochastic Processes

STAT7042 Survival Models

STAT8035 Risk Theory

STAT8036 Credibility Theory

12 units from completion of courses from the following list:

ACST8045 Advanced Insurance

ACST8047 Advanced Life Insurance

ACST8048 Advanced General Insurance

ACST8049 Advanced Global Retirement Income Systems

ACST8060 Enterprise Risk Management 1

ACST8061 Enterprise Risk Management 2

FINM8006 Advanced Investments

42 units from completion of courses from the following list:

ACST8050 Research Essay in Actuarial Studies

BUSN7008 Financial Statements and Reporting

ECON8069 Business Economics

FINM7003 Continuous Time Finance

FINM7006 Applied Foundations of Finance

FINM7007 Applied Corporate Finance

FINM7008 Applied Investments

FINM7041 Applied Derivatives

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.

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.

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