Career outcomes

Actuaries tackle many types of problems, most of which involve uncertainty about the future. Bringing your strong analytical skills, mathematical abilities and science to crystal-ball gazing can lead to a rewarding career as a financial adviser to a range of organisations, including: health insurance companies; banks and other financial institutions; capital and risk management; superannuation funds; and governments.

PROFESSIONAL RECOGNITION

Melbourne is one of only six institutions in Australia that has full accreditation from the Actuaries Institute. To qualify as an actuary in Australia, you must pass (or be exempt from) all three parts of the professional accreditation process prescribed by the Actuaries
Institute. Parts I and II can be undertaken as part of your Bachelor of Commerce (Honours) degree. The Actuaries Institute administers Part III.

The Faculty of Business and Economics is designated as a Center of Actuarial Excellence by the US Society of Actuaries. You can gain waivers from some US Society of Actuaries exams by gaining Part I qualifications via the Bachelor of Commerce.

ACTUARIAL SECTORS

Banking and finance
Capital and risk management
Data science
Insurance and superannuation
Investments and asset management

Learn more about the Centre for Actuarial Studies.

YOUR FIRST JOB	IN 5–10 YEARS	IN 15–20 YEARS
Actuarial analyst	Actuarial consultant	Head of portfolio strategy
Pricing associate	Data engineer	Head of pricing and profitability
Portfolio analyst	Insurance pricing manager	Life insurance appointed actuary

Graduate pathways from this major

GRADUATE RESEARCH

Completing the Actuarial Studies major means you are very well placed for further study in honours and graduate research in a range of business and economics areas. Research training preparation within the honours year, a postgraduate diploma or a masters degree will be required as preparation for graduate research.

GRADUATE DEGREE PATHWAYS

If you wish to continue professional studies at graduate level, this major leads to a range of graduate degree pathways:

Business and economics-focused graduate study in degrees
Graduate degree pathways that will prepare you for a wide range of professions including law, teaching and health sciences
Further graduate study to develop your skills outside of your discipline in areas such as humanities and government.

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