The Centre for Actuarial Studies is one of the six teaching units that are fully accredited by the Actuaries Institute. Members of the Centre undertake research in insurance, superannuation, financial mathematics and related areas. Our actuarial programs are firmly established and conducted by academics respected in their fields.
Actuarial studies is a discipline well-known for its quantitative aspects and mathematical rigour. Actuaries assess, evaluate and manage the financial risks faced by individuals, organisations and governments for future planning.
For details of the Centre's activities in recent years, see our annual reports.
What we teach
The actuarial program is designed for students who wish to enter the actuarial profession. As such, it provides students with a solid grounding in actuarial techniques, and, through the Centre's accreditation with the Actuaries Institute, students have the opportunity to obtain exemption from Parts I and II of the Actuaries Institute examination requirements to qualify as an actuary.
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The actuarial studies major in the Bachelor of Commerce provides a firm grounding in the traditional actuarial skill set of mathematics, statistics, demography, finance and economics and allows students to undertake studies leading towards qualification as a professional actuary.
The Master of Actuarial Science is designed for non-actuarial graduates.
The Masters of Commerce (Actuarial Science) is a taught course of 18 months duration allowing actuarial graduates to study in greater depth in small classes, and gain further qualifications from the Actuaries Institute.
The dual Master of Actuarial Science/Master of Applied Mathematics allows selected master students from the School of Mathematical Science, Nankai University, China, to study for one year or 1.5 years at Melbourne with the remainder of their studies taking place at Nankai University for a total of 2.5 years.
Research Higher degrees
Visit our Graduate Research Degrees page to find out about our Masters and PhD by thesis degrees.
Actuarial Practice and Control subjects (which collectively cover Part II of the Actuaries Institute syllabus for qualification as a Fellow of the Institute) will be offered as distance education subjects in 2017.
General Insurance Practice will also be offered. This subject prepares the student for Part III exams in general insurance.
Find out more about distance education.
Find a staff member in the Centre.
View a list of our present and past Research Students
The Centre has established an international reputation for research since its inception in 1992. During this period, staff and visitors have contributed over 140 papers to the Centre's Research Paper Series, many of which have been published in top journals such as the Scandinavian Actuarial Journal, the ASTIN Bulletin and Insurance: Mathematics & Economics. Research topics have ranged from the practical to the theoretical, covering areas such as aggregate claims distributions, financial economics, superannuation, ruin theory and claims reserving in general insurance. Our working papers are available online
Current Student Resources
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The Centre for Actuarial Studies is recognised by the Actuaries Institute (Australia) and the Institute and Faculty of Actuaries (UK) and has been designated a Centre of Actuarial Excellence by the US Society of Actuaries.
To qualify as a Fellow of the Institute of Actuaries of Australia, a student must pass or be exempt from three Parts. All of Parts I and II are covered by Melbourne University subjects. Students who attain a suitably high standard in university subjects are able to apply for an exemption from the corresponding Institute subject.
Find out more about applying for exemptions from Actuaries Institute exams.