GraduateBusiness
Master of Actuarial Practice
Australian National University, Canberra, ACT, Australia
About this program
The Master of Actuarial Practice is a graduate program at the Australian National University in Canberra, run through the ANU College of Business and Economics, taken over 2.5 years full-time (120 Units). Coursework includes 72 units from completion of the following compulsory courses. Graduates are expected to utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations. ANU is a research-intensive, Group of Eight university based in Australia's capital, and international students in this program study alongside a large Canberra-based policy, research and public-service community.
Cost & duration
English test scores
Verified programsandcourses.anu.edu.au ↗
Course structure
134 terms of coursework
- The Master of Actuarial Practice requires the completion of 120 units, which must include:
- 72 units from completion of the following compulsory courses:
- ACST6032
- Actuarial Data Analysis
- ACST8040
- Actuarial Control Cycle 1
- ACST8041
- Actuarial Control Cycle 2
- STAT6013
- Principles of Mathematical Statistics for Actuarial Studies
- STAT6014
- Regression Modelling for Actuarial Studies
- STAT6042
- Survival Models
- STAT6043
- Life Contingencies
- STAT6045
- Actuarial Techniques
- STAT6046
- Financial Mathematics
- STAT6057
- Risk Modelling 1
- STAT6058
- Risk Modelling 2
- STAT7004
- Introduction to Stochastic Processes
- 48 units from completion of the following courses (with at least 6 units at the 7000/8000 level):
- ACST8050
- Research Essay in Actuarial Studies
- ACST8500
- Actuarial Masters Thesis
- BUSN7008
- Financial Statements and Reporting
- BUSN7036
- Financial Statement Analysis
- BUSN8045
- Corporate Governance
- CBEA6070
- ANU College of Business and Economics Internship Program (PG)
- COMP6240
- Relational Databases
- COMP6261
- Information Theory
- COMP6490
- Document Analysis
- COMP6670
- Introduction to Machine Learning
- COMP6710
- Structured Programming
- COMP6730
- Programming for Scientists
- COMP8410
- Data Mining
- COMP8430
- Data Wrangling
- COMP8600
- Statistical Machine Learning
- COMP8880
- Computational Methods for Network Science
- ECON6012
- Optimisation for Economics and Financial Economics
- ECON8069
- Business Economics
- EMET6001
- Applied Micro-econometrics
- EMET6012
- Business and Economic Forecasting
- EMET8005
- Econometric Methods and Modelling
- EMET8008
- Advanced Econometrics II
- EMET8014
- Advanced Econometrics I
- FINM6005
- Applied Valuation
- FINM6006
- Continuous Time Finance
- FINM6007
- Advanced Derivatives Pricing and Applications
- FINM6016
- Applied Portfolio Construction
- FINM6041
- Applied Derivatives
- FINM6045
- Asian Capital Markets
- FINM7006
- Applied Foundations of Finance
- FINM7007
- Applied Corporate Finance
- FINM7008
- Applied Investments
- FINM8004
- Advanced Corporate Finance
- FINM8006
- Advanced Investments
- FINM8007
- Topics in International Finance
- FINM8014
- Applied Financial Intermediation and Debt Markets
- FINM8017
- Trading and Markets
- MGMT7020
- Technology and Project Management
- MGMT7250
- Evidence-Based Management
- STAT6016
- Introduction to Bayesian Data Analysis
- STAT6017
- Big Data Statistics
- STAT6018
- Stochastic Processes
- STAT6026
- Graphical Data Analysis
- STAT6027
- Statistical Inference
- STAT6029
- Design of Experiments and Surveys
- STAT6032
- Introduction to General Insurance
- STAT6050
- Advanced Statistical Learning
- STAT6056
- Advanced Mathematical Statistics
- STAT6060
- Advanced Stochastic Processes
- STAT8002
- Applied Time Series Analysis
- STAT8130
- Generalised Linear Modelling
- STAT8140
- Statistical Learning
- Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted 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 graduate with a Graduate Diploma of Business
Admissions
Applicants must present one of the following: A Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0, with at least one course in the field of mathematics that must cover calculus and linear algebra; or An ANU Graduate Certificate of Actuarial Statistics with a minimum GPA of 4.5/7.0, with at least one course in the field of mathematics from university studies that must cover calculus and linear algebra. The GPA for a Bachelor program will be calculated from (i) a completed Bachelor degree using all grades and/or (ii) a completed Bachelor degree using all grades other than those from the last semester (or equivalent study period) of the Bachelor degree. The higher of the two calculations will be used as the basis for admission. Progression Requirements: 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. Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate Diploma in Business. Ranking and English language proficiency: At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry. In line with the University's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors. Applicants will first be ranked on a GPA ('GPA1') that is calculated using all but the last semester (or equivalent) of the Bachelor degree used for admission purposes. If required, ranking may further be confirmed on the basis of: a GPA ('GPA2') calculated on the penultimate and antepenultimate semesters (or equivalent) of the Bachelor degree used for admission purposes; and/or demonstrating higher-level English language proficiency Prior to enrolment in this ANU program, all students who gain entry will have their Bachelor degree reassessed, to confirm minimum requirements were met. Further information: English language admission requirements and post-admission support Diversity factors: As Australia’s national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe. Assessment of qualifications: Unless otherwise indicated, ANU will accept all Australian Qualifications Framework (AQF) qualifications or international equivalents that meet or exceed the published admission requirements of our programs, provided all other admission requirements are also met. Where an applicant has more than one completed tertiary qualification, ANU will base assessment on the qualification that best meets the admission requirements for the program. Find out more about the Australian Qualifications Framework: www.aqf.edu.au . Unless otherwise indicated, where an applicant has more than one completed tertiary qualification, ANU will calculate the GPA for each qualification separately. ANU will base assessment on the best GPA of all completed tertiary qualifications of the same level or higher. ANU uses a 7-point Grade Point Average (GPA) scale. All qualifications submitted for admission at ANU will be converted to this common scale, which will determine if an applicant meets our published admission requirements. Find out more about how a 7-point GPA is calculated for Australian universities: www.uac.edu.au/future-applicants/admission-criteria/tertiary-qualifications .
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