Master of Actuarial Practice, The Australian National University (ANU)

30 Months

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About this course

The Master of Actuarial Practice at ANU is a full-time, 2.5-year program designed for aspiring actuaries who want to develop advanced skills in assessing and managing risks across various financial and insurance contexts. The program requires completion of at least 120 units, focusing on core actuarial, statistical, financial, and economic courses. It prepares students for professional accreditation and presents opportunities for research and practical experience, including a potential Masters thesis pathway for those interested in further academic pursuits.

Why this course is highly recommended

ANU’s Master of Actuarial Practice is highly regarded for its comprehensive curriculum aligned with professional accreditation standards from the Actuaries Institute and the Society of Actuaries. Graduates are equipped to work globally in various risk assessment fields, benefiting from rigorous training, accreditation pathways, and a strong reputation from a leading university.

Specialisation

This course specializes in insurance and actuarial studies, covering key concepts in mathematical statistics, financial mathematics, risk modeling, survival analysis, and actuarial control cycles. The curriculum integrates technical actuarial skills with business awareness to address complex risk problems related to health, climate, investments, and more.

Course fees

Application fees

29.21L

1st year tuition fees

29.21L

Living cost

Degree requirements

Students must complete a minimum of 120 units, including 72 units of compulsory courses such as Actuarial Data Analysis, Control Cycles, and Financial Mathematics, along with 48 units of elective courses at the 7000/8000 level. Achieving a 60% weighted average mark in the first 48 units is necessary to continue; otherwise, students are transferred to a Graduate Diploma.

English language test

IELTS

6.5

PTE

TOEFL

DUOLINGO

Want to learn more about the admission process, eligibility criteria, and acceptance rates for international students? Visit the The Australian National University (ANU) admission page for complete details.

Career prospects

Graduates of this program can pursue careers in financial risk management, insurance, investment analysis, and actuarial consulting globally. With accreditation and a strong foundation in mathematical and statistical skills, alumni are well-positioned for leadership roles in academia, industry, and government.

FAQs

What are the admission requirements?

Applicants need a Bachelor's degree with a minimum GPA of 5.0/7.0 and at least one mathematics course covering calculus and linear algebra. Alternatively, an ANU Graduate Certificate in Finance and Actuarial Statistics with a GPA of 4.5/7.0 can also meet the criteria.

Can I undertake a research thesis?

Yes, students with a GPA of at least 6.5 may apply to undertake a Masters thesis, which offers an opportunity for deeper research and a pathway to PhD study.