QS Rank:
37
University of Melbourne
Victoria
,Australia
Program Name
Master of Science in Actuarial Science
Overview
Master of Actuarial Science is one of the best courses to choose from that offers
in-depth learning in a Actuarial Science. An MS Degree in Actuarial Science from the
University of Melbourne has consistently made its place among the top global universities.
International students prefer this course at the University of Melbourne due to its high graduate
employability rate.
University of Melbourne offers exceptional education quality, high-end practical learning
and ample work opportunities to its international students. After receiving their MS
Degree in Actuarial Science from the University of Melbourne, students will be competent to
carry out extensive research work in the field.
The interactive curriculum, vast research opportunities and exceptional teaching
faculty at University of Melbourne offer students a life-altering learning experience. A
Master of Science Degree helps students become creative and independent researchers. Overall, an MS Degree in Actuarial Science from the University of Melbourne is
a great choice for students who want to analyse the field in great depth.
Why Study Actuarial Science at University of Melbourne
- A popular choice for international students with a diverse community
- Learn from the best faculty members and become their research assistants
- High-end labs to facilitate research work
- Excellent placement programs after course completion
Duration
18 Months
Median Salary
$75,000
Ranking
#25
US World and News Report
#33
The World University Rankings
#37
QS World University Rankings
Class Profile
Class Size
200
Average Age
25
Average Work Experience
2 Years
Language Test Scores
Minimum Score
79 / 120
Minimum Score
6.5 / 9
Minimum Score
58 / 90
Diversity
Asia:
25%Africa:
5%Oceania:
5%Europe:
20%North America:
15%South America:
10%Others:
20%Admissions
Application Requirements
To be eligible for admission to the Master of Actuarial Science, you must have a Bachelor degree (or equivalent) in mathematics, statistics, actuarial science, economics, finance, or a related discipline. You must also have a strong background in mathematics, including calculus, linear algebra, and statistics. In addition, you must have a good understanding of financial concepts and be able to apply them to real-world problems. If you do not meet the minimum entry requirements, you may be able to gain admission through the University of Melbourne's Graduate Diploma in Actuarial Science. This program provides you with the necessary mathematical and statistical skills to succeed in the Master of Actuarial Science.
What Really Matters When Applying
This must include academic transcripts showing all subjects attempted and proof of completion of the degree
Required
If documents are not in English
Required
a certified translation is required
Required
You can attach your supporting documents to your online application
Required
You will need to have access to scanned copies of your documents to upload them to your application
Required
Scanned and faxed copies of certified results forwarded by the agent do meet our verification requirements
Required
If you do not have access to a scanner
Required
you will be able to submit your documents through the post or by fax
Required
If you are mailing your documents
Required
please send certified copies
Required
as originals are not kept and will not be returned
Required
Academic LOR
Required
Transcript
Required
Resume
Required
Career Outcomes
Median Earnings After Graduation
$75,000 / year
Prospective Job Roles
Investment Analyst
Financial Analyst
Quantitative Analyst
Risk Analyst
Data Scientist
Business Analyst
Financial Planner
Underwriter
Actuary
Consultant
Top recruiters
Fees and Funding
Tuition Fees
$46,588 / year
Funding Options
External Sources - Scholarships
Department Funding
Scholarships
Actuarial Society of Australia
University of Melbourne
FAQs
Actuarial Science can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
If a student fulfils all the eligibility criteria and admission requirements of University of Melbourne, they can easily pursue Actuarial Science. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
An MS degree at University of Melbourne can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official University of Melbourne website to check the course/ degree duration.
One can apply for scholarships to pursue their international education at University of Melbourne by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.
A student can complete Actuarial Science at University of Melbourne with in 18.
The application fee to pursue Actuarial Science at University of Melbourne is AUD 100 for international students.
The annual tuition fee to pursue Actuarial Science at University of Melbourne is AUD 46588.
The submission of these scores mainly depends on the type of degree/ course selected at the University of Melbourne. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check University of Melbourne requirements before submitting a score.
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