Are you a maths whiz who wants stimulating work, limitless potential and an ever growing salary? This is the esteemed degree that will make you a thought leader in financial fields. With an ANU Master of Actuarial Practice degree you will excel your career literally anywhere in the world.

Risk is all around us - in investment markets, on the roads, from our health and the climate. This degree will teach you how to apply your mathematical talent in understanding, measuring and managing the risks.

Graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems facing the commercial world.

Graduates from ANU have been rated as Australia's most employable graduates and among the most sought after by employers worldwide.

The latest Global Employability University Ranking, published by the Times Higher Education, rated ANU as Australia's top university for getting a job for the fourth year in a row.

Learning Outcomes

1. Demonstrate key concepts in actuarial studies and related fields, including:

• Utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations
• Apply mathematical statistics, regression modelling and other statistical techniques to actuarial problems
• Describe and apply stochastic processes, survival models and their application in actuarial contexts
• Model and value cash flows dependent on death, survival, illness, retirement, and other contingencies
• Apply risk modelling techniques across a variety of financial situations

1. Apply these key concepts in advanced contexts by integrating technical concepts and business awareness
2. Analyse and interpret specific business situations so that the correct actuarial techniques can be applied.
3. Utilise critical thinking to solve specific actuarial problems and communicate their results to a relevant audience.
4. Apply actuarial research planning and methodology.

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. 

• Applicants must present 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 Finance and Actuarial Statistics (Actuarial Statistics or Actuarial Studies specialisation) 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.

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. 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.

Cognate Disciplines: Finance, Accounting, Business, Economics, Statistics, Actuarial Studies, Maths, Business Information Systems, Management, Marketing, International Business, Engineering, Physics, Science

• TOEFL: Paper-based score: 570 (min. 4.5 in TWE). Internet-based score: 80 (min. 20 reading and writing, 18 in speaking and listening
• IELTS Academic:  6.5 overall (min. 6.0 in each subtest)
• PTE Academic: 64 overall (min. 55 in each of the communicative skills)

• Cambridge CAE: 176 overall (min.169 in each subtest)

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The Australian National University

Acton Campus,

ACTON,

Australian Capital Territory,

2601, CANBERRA, Australia