Master of Commerce (Actuarial Science) (MC-COMACTS) // Course structure
About this course
Contact
Program Director:
Dr Ping Chen
ping.chen@unimelb.edu.au
Current Students:
General information: ask.unimelb.edu.au
Future Students:
Further information: 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 75 points of core actuarial subjects and 75 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 |
| ACTL90010 | Actuarial Practice and Control I | Semester 1 (On Campus - Parkville) |
12.5 |
Students must take two (25 points) of constrained choice core actuarial subjects, selected from the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90004 | Insurance Risk Models | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90013 | Actuarial Studies Projects - Part 1 | Semester 1 (Extended) (On Campus - Parkville) |
12.5 |
| ACTL90016 | Actuarial Science Research Report Part 1 |
Semester 1 (Extended) (On Campus - Parkville)
Semester 2 (Extended) (On Campus - Parkville)
|
12.5 |
| ACTL90017 | Actuarial Science Research Report Part 2 |
Semester 1 (Early-Start) (On Campus - Parkville)
Semester 2 (Early-Start) (On Campus - Parkville)
|
12.5 |
| ACTL90018 | General Insurance Practice | Semester 1 (On Campus - Parkville) |
12.5 |
Capstone Subjects
Students must take the following two subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90011 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
| ACTL90019 | Data Analytics in Insurance 2 | Semester 2 (On Campus - Parkville) |
12.5 |
Elective Subjects
Students must take six (75 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 2025 | 12.5 |
| FNCE40003 | Numerical Techniques in Finance | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90045 | Systems Modelling and Simulation | Not available in 2025 | 12.5 |
| MAST90082 | Mathematical Statistics | Semester 1 (On Campus - Parkville) |
12.5 |
| MULT90014 | Business Risk Management | Winter Term (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 |
Semester 1 (Off Campus)
Winter Term (Off Campus)
Semester 2 (Off Campus)
|
12.5 |
| BUSA90485 | Global Business Practicum |
Summer Term (Off Campus)
July (Off Campus)
November (Off Campus)
|
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 |
| ACTL90010 | Actuarial Practice and Control I | Semester 1 (On Campus - Parkville) |
12.5 |
Students must take two (25 points) of constrained choice core actuarial subjects, selected from the following subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90018 | General Insurance Practice | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90019 | Data Analytics in Insurance 2 | Semester 2 (On Campus - Parkville) |
12.5 |
| ACTL90013 | Actuarial Studies Projects - Part 1 | Semester 1 (Extended) (On Campus - Parkville) |
12.5 |
| ACTL90024 | Actuarial Studies Projects - Part 2 | Semester 2 (Early-Start) (On Campus - Parkville) |
12.5 |
| ACTL90004 | Insurance Risk Models | Semester 1 (On Campus - Parkville) |
12.5 |
| ACTL90011 | Actuarial Practice and Control II | Semester 2 (On Campus - Parkville) |
12.5 |
| No longer available |
Capstone Subjects
Students must take the following two subjects over the last two semesters or in the final semester:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ACTL90016 | Actuarial Science Research Report Part 1 |
Semester 1 (Extended) (On Campus - Parkville)
Semester 2 (Extended) (On Campus - Parkville)
|
12.5 |
| ACTL90017 | Actuarial Science Research Report Part 2 |
Semester 1 (Early-Start) (On Campus - Parkville)
Semester 2 (Early-Start) (On Campus - Parkville)
|
12.5 |
| No longer available |
Elective Subjects
Students must take six (75 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 2025 | 12.5 |
| FNCE40003 | Numerical Techniques in Finance | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90045 | Systems Modelling and Simulation | Not available in 2025 | 12.5 |
| MAST90082 | Mathematical Statistics | Semester 1 (On Campus - Parkville) |
12.5 |
| MULT90014 | Business Risk Management | Winter Term (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 |
Semester 1 (Off Campus)
Winter Term (Off Campus)
Semester 2 (Off Campus)
|
12.5 |
| BUSA90485 | Global Business Practicum |
Summer Term (Off Campus)
July (Off Campus)
November (Off Campus)
|
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: 27 February 2025