Handbook

To be eligible for the program, you must have:

• A recognised bachelor degree (or equivalent qualification) with a credit average as determined by the UNSW Postgraduate Coursework Entry Calculator; and
• A major (at least seven courses) in actuarial studies; or
• A major (at least seven courses) in econometrics; or
• A major (at least seven courses) in mathematics or statistics

Recognition of prior learning or professional recognition

Advanced standing may be granted for courses covered in an undergraduate program or the examinations for the Fellowship of the Actuaries Institute (Australia), the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations up to a maximum of 4 core courses and 2 electives.

Students will be exempted from equivalent courses completed in prior learning where they have not been granted advanced standing.

Courses covered in a completed undergraduate program equivalent to those in the core may be granted advanced standing from the corresponding core courses up to a maximum of 4 core courses. They will be required to complete at least 12 courses in the program.

Students completing the examinations for the Fellowship of the Institute of Actuaries of Australia, the Institute of Actuaries (UK) or the Society of Actuaries through the professional examinations at the same time as enrolled in the degree may receive advanced standing for up to two courses in addition to those granted for the core courses (up to 4). They will be required to complete at least 10 courses in the program.

Assumed Knowledge

Semester 2 courses in Actuarial Studies assume that students have the required background knowledge from previous studies (equivalent to a full year of undergraduate mathematics). Prospective students who plan to commence in semester 2 should consult the School of Risk and Actuarial Studies office prior to application in order to determine if they have the required background. Students who have a very strong background in Mathematics, Statistics, Econometrics or Finance and Financial Mathematics may be allowed to enrol in the semester 2 Actuarial Studies courses as their first semester.

Progression rules are in accordance with university policy.

For more information on university policy on progression requirements please visit Academic Progression

• Institute of Actuaries of Australia

The Master of Actuarial (Extension) allows you to obtain and develop the required competencies to enter an actuarial career and provides quantitative risk management training for entry into the financial services industry. The program covers the professional actuarial subjects and includes options in actuarial studies, quantitative risk management, and other related disciplines.