What will I study?
If you choose to major in actuarial studies, you will have a firm grounding in the traditional actuarial skill set of mathematics, statistics, demography, finance and economics. Specifically, you’ll learn from subjects covering actuarial techniques and life insurance modelling, through to the mathematics of finance and insurance risk models.
If you want accreditation as an actuary, you will need to have completed certain subjects in the Bachelor of Commerce, such as Introductory Financial Accounting and Intermediate Macroeconomics.
Your major structure
In your first and second year you will complete core subjects that are prerequisites for your major, as well as a non-mathematics breadth subject.
Your final year is comprised almost entirely of major subjects, plus your second non-mathematics breadth subject.
Breadth is a unique feature of the Melbourne Model. It gives you the chance to explore subjects outside of commerce, developing new perspectives and learning to collaborate with others who have different strengths and interests — just as you will in your future career.
Some of our students use breadth to explore creative interests or topics they have always been curious about. Others used breadth to improve their career prospects by complementing their major with a language, communication skills or business expertise.
Sample course plan
View some sample course plans to help you select subjects that will meet the requirements for this major.
Explore this major
Explore the subjects you could choose as part of this major.