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Master of Commerce (Actuarial Science) (MC-COMACTS) // Course structure
About this course
Contact
Dr Zhuo Jin
zhuo.jin@unimelb.edu.au
+61 3 8344 4655
Currently enrolled students:
- General information: https://ask.unimelb.edu.au
- Email: enquiries-HASS@unimelb.edu.au
Future Students:
- Further information: mbs.unimelb.edu.au
- Submit an enquiry
Course structure
The degree is designed to be completed in one and a half years of full time study and requires completion of 150 points, comprised of 87.5 points of core actuarial subjects and 62.5 points of elective subjects. Students can elect to follow one of two pathways: the practice pathway or the research pathway.
Subject options
PRACTICE PATHWAY
Core subjects
Students must take the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90003 | Mathematics of Finance III | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90004 | Insurance Risk Models | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90010 | Actuarial Practice And Control I | Semester 1 (On Campus - Parkville) |
12.5 |
Students must take 25 points of constrained choice core actuarial subjects, selected from the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90013 | Actuarial Studies Projects |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ACTL90014 | Insurance Risk Models II | Semester 2 (On Campus - Parkville) |
12.5 |
| ACTL90015 | Mathematics of Finance IV | Not available in 2019 | 12.5 |
| ACTL90016 | Actuarial Science Research Report Part 1 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ACTL90017 | Actuarial Science Research Report Part 2 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Capstone subjects
Students must take the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90009 | Actuarial Practice and Control III |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ACTL90011 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
Elective subjects
Students must take 62.5 points of elective subjects, selected from the following subjects and core actuarial subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM90004 | Time Series Analysis and Forecasting | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90010 | Bayesian Econometrics | Not available in 2019 | 12.5 |
| FNCE40003 | Numerical Techniques in Finance | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90045 | Systems Modelling and Simulation | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90082 | Mathematical Statistics | Semester 1 (On Campus - Parkville) |
12.5 |
| MULT90014 | Business Risk Management | Winter Term (On Campus - Parkville) |
12.5 |
| ACTL90018 | General Insurance Practice | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90083 | Computational Statistics & Data Science | Semester 2 (On Campus - Parkville) |
12.5 |
and other Masters level electives in actuarial studies, economics, finance or mathematics, as approved by the Academic Program Director.
Eligible students may complete one of the following competitive-entry practicum subjects in place of one 12.5 point elective:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| BUSA90473 | Business Practicum |
Summer Term (On Campus - Parkville)
Winter Term (On Campus - Parkville)
|
12.5 |
| BUSA90485 | Global Business Practicum |
January (On Campus - Parkville)
July (On Campus - Parkville)
November (On Campus - Parkville)
|
12.5 |
RESEARCH PATHWAY
Core subjects
Students must take the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90003 | Mathematics of Finance III | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90004 | Insurance Risk Models | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90010 | Actuarial Practice And Control I | Semester 1 (On Campus - Parkville) |
12.5 |
Students must take 25 points of core actuarial subjects, selected from the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90009 | Actuarial Practice and Control III |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ACTL90011 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
| ACTL90013 | Actuarial Studies Projects |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ACTL90014 | Insurance Risk Models II | Semester 2 (On Campus - Parkville) |
12.5 |
| ACTL90015 | Mathematics of Finance IV | Not available in 2019 | 12.5 |
Capstone subjects
ACTL90016 Actuarial Science Research Report Part 1 and ACTL90017 Actuarial Science Research Report Part 2 (12.5 points, to be taken twice over last two semesters or twice in final semester)
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90016 | Actuarial Science Research Report Part 1 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ACTL90017 | Actuarial Science Research Report Part 2 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Elective subjects
Students must take 62.5 points of elective subjects, selected from the following subjects and core actuarial subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM90004 | Time Series Analysis and Forecasting | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90010 | Bayesian Econometrics | Not available in 2019 | 12.5 |
| FNCE40003 | Numerical Techniques in Finance | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90045 | Systems Modelling and Simulation | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90082 | Mathematical Statistics | Semester 1 (On Campus - Parkville) |
12.5 |
| MULT90014 | Business Risk Management | Winter Term (On Campus - Parkville) |
12.5 |
| ACTL90018 | General Insurance Practice | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90083 | Computational Statistics & Data Science | Semester 2 (On Campus - Parkville) |
12.5 |
and other Masters level electives in actuarial studies, economics, finance or mathematics, as approved by the Academic Program Director.
Eligible students may complete one of the following competitive-entry practicum subjects in place of one 12.5 point elective:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| BUSA90473 | Business Practicum |
Summer Term (On Campus - Parkville)
Winter Term (On Campus - Parkville)
|
12.5 |
| BUSA90485 | Global Business Practicum |
January (On Campus - Parkville)
July (On Campus - Parkville)
November (On Campus - Parkville)
|
12.5 |
This program is available for Semester 1 entry only.
Note: Students interested in progressing to the PhD program will need to follow the research pathway.
Last updated: 18 December 2020