This internet browser is outdated and does not support all features of this site. Please switch or upgrade to a different browser to display this site properly.
Actuarial and Financial Science
Masters by Coursework
- Master of Science (Actuarial and Financial Science)
Duration of the course with a full-time study load. Studying part-time will extend the duration of your course.
- 1 year, 6 months full-time
A full-time study load usually consists of 200 credits (approximately eight units) per year, with 100 credits (approximately four units) in each semester.
- Curtin Perth
Help organisations plan for the future and protect themselves from financial loss.
Curtin is ranked in the top one per cent of universities worldwide (Academic Ranking of World Universities 2019)
Learn to apply your studies to real industry challenges and situations.
Professionally accredited by the Actuaries Institute.
Actuaries and financial mathematicians apply mathematical models and numerical tools to practical applications, such as financial markets.
They gather statistical data on the financial decisions people make. This provides a critical insight for business and government, helping them to make more informed decisions - especially in uncertain economic climates.
In this course, you will learn how to help organisations plan for the future and protect themselves from losses.
The core units cover the principles of finance, investment science, risk analysis and credibility theory. Optional units include practical mathematical financial modelling, applied statistics and numerical methods.
On completion of this course, your skills may be applied to insurance, pensions, healthcare, banking, business management and risk assessment. You may also play a role in determining company policy and explaining complex technical matters to company executives, government officials, shareholders, policyholders or the general public.
Please refer to the handbook for additional course overview information.
- The demand for actuarial graduates in Perth is currently very strong
- Graduates are actively assisted in gaining employment through our work experience program
- Our master-level program can be used by graduates from other disciplines as a pathway to becoming an accredited actuary.
Graduates are eligible for membership of the Australian Mathematical Society.
This course is accredited by the Actuaries Institute, making Curtin the only Western Australian university to have an accredited program. Graduates are also eligible for membership of the Australian Mathematical Society.
Graduates generally find employment with insurance companies, investment and superannuation funds, banks, stockbrokers and government agencies.
What you'll learn
- use their exposure to a process of independently identifying a research problem and individually investigating and adapting as necessary a set of techniques to solve the problem
- widen and deepen their high level of thinking skills by posing challenging problems that are relevant, motivational creative and reflective in the pursuit of well-structured syndicated programs
- analyse, identify and use the relevant material in an Actuarial Control Cycle Format from a wide array of available data sources synthesise and process this data to ensure that the information is monitored in the light of a possibly changing problem, new information and or a change in technique
- communicate effectively in ways to appropriately interpret technical and non-technical information to a varied audience, for a range of purposes and to a professional standard.
- apply computer modelling software appropriately in statistics, finance, risk management, optimisation and other relevant areas recognising their capabilities and limitations and use appropriate technology to acquire data (e.g. internet based, library based) and present information, such as computer linked displays and internet linked overheads
- evaluate one’s own learning and develop a high degree of flexibility and creativity to adapt to change and to introduce exciting solutions to problems where focus is paramount in the learning process; maintain currency in professional practice
- show a high level of awareness of nationally and internationally relevant developments and contemporary issues involving relevant International events; apply international standards of practice and evaluate issues from a variety of perspectives.
- develop shared understandings of contemporary relevant issues which demonstrate a high and balanced level of cultural awareness in a diverse cultural setting
- demonstrate, through self-leadership, a duty of care, honesty, integrity, fairness and knowledge of principles and law to uphold the ethical requirements of the profession
Recognised four-year bachelor or honours degree in mathematics, statistics, science, engineering or finance. Your basic mathematics and statistics competency must be equivalent to Curtin's advanced calculus, linear algebra and statistical methods units.
Curtin requires all applicants to demonstrate proficiency in English. Specific English requirements for this course are outlined in the IELTS table below.
|IELTS Academic (International English Language Testing System)|
|Overall band score||6.5|
- Pearson Test of English Academic: 60
- Certificate in Advanced English (CAE): 176
At Curtin, we understand that everyone’s study journey has been different.
You may have already studied some of the units (subjects) listed in your Curtin course, or you may have work experience that matches the degree requirements.
If this applies to you, you can apply for credit for recognised learning (CRL), which means your previous study is recognised and matched against a similar unit in your intended Curtin course.
A successful CRL application exempts you from having to complete certain units within your course and means you could finish your degree in a shorter amount of time.
CRL is also known as recognition of prior learning, advanced standing and credit transfer.
Use the CRL search to find out how much CRL you qualify for, or contact us at:
Tel: 1300 222 888
Fees & charges
Domestic fee paying postgraduate
Fee year: 2020
What is a domestic fee-paying (DFP) place?
A domestic fee-paying place is a place at university which is not Commonwealth supported, that is, not subsidised by the Australian Government.
Domestic fee paying students will be charged tuition fees and may be eligible for FEE-HELP assistance for all or part of those tuition fees.
Fees are indicative only.
* Based on a first-year full-time study load of 200 credits. The total cost will depend on your course options (i.e. units selected and time taken to complete).
For start dates, please view the academic calendar.
Semester 1 and Semester 2
All endeavours are made to ensure location information for courses is up to date but please note they are subject to change.
The University reserves the right to withdraw any unit of study or program which it offers, to impose limitations on enrolment in any unit or program, and/or to vary arrangements for any program.
How to apply
Please review information on how to apply for the campus of your choice
Please note that each campus has different application deadlines. Please view our application deadlines page for further information.Apply now
Help is at hand
- Applying for special consideration
- Can I remain in Australia until my student visa expires if I have completed my course?
- Alternative pathways into Curtin
- What are my study mode options?
- What are my postgraduate study options?
The offering information on this website applies only to future students. Current students should refer to faculty handbooks for current or past course information. View courses information disclaimer.
- Curtin course code: MC-ACTFNS
- CRICOS code: 054627G
- Last updated on: December 12, 2019