Master of Commerce (Extension)
The University of New South Wales (UNSW), located in Sydney, Australia, offers a Master...
Master of Actuarial Studies (Extension)
Kensington - Sydney
INTAKE: Feb, May & Sep
Program Overview
The Master of Actuarial Studies (Extension) program at UNSW is a prestigious and specialized program designed to provide students with a deep understanding of actuarial science—an area of expertise critical to the insurance, finance, and risk management industries. UNSW's program is distinguished by its rigorous curriculum, research focus, industry engagement, and global perspective.
Curriculum: UNSW's Master of Actuarial Studies (Extension) program offers a rigorous curriculum that covers advanced topics in actuarial science. Students delve into subjects such as stochastic modeling, risk management, financial mathematics, and data analytics. The program's curriculum is tailored to equip students with the mathematical, statistical, and analytical skills needed to excel in the actuarial profession.
Research Focus: A hallmark of UNSW is its unwaveringcutting-edge research. In the Master of Actuarial Studies (Extension) program, students have the opportunity to engage in high-impact research projects and collaborate with esteemed faculty members who are at the forefront of actuarial science. This research-intensive approach equips students with the analytical and problem-solving skills vital to success in the field.
Industry Engagement: UNSW's strategic location in Sydney, Australia's financial capital, provides students with unparalleled access to industry leaders and organizations. The university fosters strong connections with the actuarial profession, offering students opportunities for internships, networking, and participation in industry seminars. These industry engagements facilitate a seamless transition from academic studies to a rewarding career in actuarial science.
Global Perspective: Recognizing the global nature of actuarial work, UNSW promotes a global perspective within the program. The university boasts a diverse student body and faculty, and it has established partnerships with prestigious institutions worldwide. This global network provides students with opportunities for international study exchanges, exposure to diverse actuarial practices, and a comprehensive understanding of the global risk landscape.
Location
Kensington - Sydney
Score
IELTS 7
Tuition Fee
AUD 48575
Postgraduate Entry Requirements:
Academic Qualifications: A minimum of 65% or above in the applicant's previous academic qualifications, such as a bachelor's degree or equivalent.
English Language Proficiency:
- IELTS (International English Language Testing System): Overall score of 6.5, with a minimum of 6.0 in each subtest, or equivalent.
- TOEFL (Test of English as a Foreign Language): Overall score of 94, with a minimum of 23 in listening, 23 in reading, 25 in writing, and 23 in speaking.
- PTE (Pearson Test of English): Overall score of 65, with a minimum of 54 in each subtest.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
UNSW offers a variety of scholarships to attract and assist international students.
Merit-Based Scholarships: UNSW offers merit-based scholarships to international students with exceptional academic achievements. These scholarships recognize academic excellence and provide financial support to cover tuition fees or living expenses.
Country-Specific Scholarships: Some scholarships are tailored for students from specific countries or regions. These scholarships aim to promote diversity and cultural exchange among international students.
Research Scholarships: UNSW provides research scholarships for international students pursuing postgraduate research degrees (e.g., Ph.D.). These scholarships often include a stipend to support research expenses and living costs.
Faculty/Program Scholarships: Certain faculties or academic programs at UNSW offer scholarships to attract outstanding international students interested in specific fields of study. These scholarships may cover tuition fees or provide research opportunities.
Sports and Arts Scholarships: UNSW acknowledges the talents and achievements of international students in sports and the arts. Scholarships in these categories may be available to support students with exceptional abilities.
Graduates of UNSW's Master of Actuarial Studies (Extension) program are well-prepared for a multitude of exciting and lucrative career paths in the field of actuarial science.
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Actuary: Graduates can pursue traditional actuarial roles, working for insurance companies, consulting firms, or government agencies, where they assess and manage risk, develop pricing models, and make data-driven decisions.
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Risk Analyst: With their expertise in risk assessment and management, graduates are well-suited for roles as risk analysts, helping organizations identify and mitigate financial and operational risks.
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Data Scientist: Actuarial studies graduates possess strong quantitative and data analysis skills, making them highly sought-after in data science roles, particularly in the finance and insurance sectors.
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Investment Analyst: Graduates can work as investment analysts, evaluating investment opportunities and optimizing portfolios for institutional investors, asset management firms, and pension funds.
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Financial Planner: With their deep financial knowledge, graduates can become financial planners, helping individuals and families plan for their financial future, manage investments, and achieve financial goals.
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Actuarial Consultant: Actuarial consultants provide expertise to a wide range of clients, including insurance companies, pension funds, and healthcare organizations, offering guidance on actuarial strategies and compliance.
