You will learn about actuarial techniques and life insurance modelling, through to the mathematics of finance and insurance risk models. This major will provide you with a firm grounding in the traditional actuarial skill set of mathematics, statistics, demography, finance and economics.

Major Structure

In your first and second year, you will complete actuarial major prerequisite subjects as well as breadth subjects.

Your final year is comprised almost entirely of major subjects, plus your second non-mathematics breadth subject.

Professional Accreditation

You will need to start taking actuarial subjects in your first year to fulfil professional accreditation requirements. These will vary, but usually include Introductory Financial Accounting and Intermediate Macroeconomics.

Breadth studies

The Melbourne curriculum allows you to incorporate breadth subjects into your degree. This gives you the chance to explore subjects or disciplines outside of commerce and actuarial studies.

Use breadth to explore creative interests or topics you have always been curious about; or complement your accounting major and career development with a language, communication skills or technological expertise.

If you follow a breadth track you may even qualify for graduate study in a field that’s very different from your major. Or if you already have a professional graduate program in mind, such as the Juris Doctor (Law) or Master of Engineering, you can use your breadth to develop your knowledge and meet prerequisites from day one.