MC-ACTFNS v.1 Master of Science (Actuarial and Financial Science)
MSc(Curtin)
Course CRICOS Code: 054627G
Registered full-time Duration:
1.5 Years
Course Overview
Master Degrees (Coursework) prepare students to apply advanced knowledge for professional practice, scholarship and further learning corresponding to AQF level 9 qualifications.
The course is designed to prepare graduates with a solid foundation of financial mathematics and actuarial science, for employment as financial advisors to a wide range of commercial organisations including insurance companies, investment and superannuation funds, banks and stockbrokers, as well as governments.
Professional Recognition
Graduates are eligible for membership of the Australian Mathematical society.
Career Opportunities
Graduates generally find employment with insurance companies, investment and superannuation funds, banks and stockbrokers, and governments.
Additional Course Expenses
Students may be expected to purchase a number of textbooks and other essential study materials.
Course Entry and Completion Details
Applicants for a Master Degree (Coursework) are required to meet University academic and English language entry standards; details are provided at http://futurestudents.curtin.edu.au. Subject to the duration of the course applicants usually require a Bachelor Degree or equivalent (and may require relevant work experience), Bachelor Honours Degree, Graduate Certificate or Graduate Diploma. Any specific course entry and completion requirements must also be met.
Specifically, applicants require a Honours degree or a four-year Bachelor degree in mathematics/statistics, science, engineering or finance. In addition, applicants must have basic mathematics and statistical background and competence equivalent to at least the level of MATH2009 Advanced Calculus and MATH2010 Linear Algebra. Unit information is available in the Online Handbook.
Credit for Recognised Learning
Applications for credit towards a course are assessed on an individual basis. Credit reduces the amount of learning required to complete the course and may be granted for formal education qualifications, non-formal learning from non-award programs of study and informal learning through work experiences. Further information can be found at http://futurestudents.curtin.edu.au.
Pathway to Further Study
Graduates may qualify for entry to Doctoral degrees. For further details, see the University website http://curtin.edu.au.
Course Organisation
Master Degrees (Coursework) contain a series of units in a specialised area of study which may include compulsory (core), optional or elective units to cater for student preferences. They may also contain a range of majors/streams for students to choose from.
This course is available to both international and domestic students. The course covers a wide range of advanced studies in applied statistics, actuarial finance and investment science. Students must complete 12 units including Mathematics Masters Project 1 and at least five other core units totalling 300 credits.
Duration and Availability
This fee paying course is one and a half years full-time or equivalent part-time study. Two intakes are offered each year in March and August.
Location and delivery Mode
| Year | Location | Period | All* | Internal | Partially Online Internal^ | External | Fully Online# |
|---|---|---|---|---|---|---|---|
| 2015 | Bentley Campus | Semester 1 | Y | ||||
| 2015 | Bentley Campus | Semester 2 | Y |
The information displayed above refers to study periods and locations where the course is available for first time entry. Students are normally only offered or admitted to a course once.
* The course itself may not be available either solely internally or externally but individual units may be offered in either or both of those modes. Prospective students should contact the Course Coordinator for further information.
^ Course and associated units are offered in this mode permitting International Onshore student enrolment.
# Course and associated units are offered in this online only mode and DO NOT permit International Onshore student enrolment.
| Course Structure | Hrs/Wk | Credit | |||
|---|---|---|---|---|---|
| Year 0 | |||||
| STAT5003 | v.1 ** | Investment Science 1 | 4.0 | 25.0 | |
| MATH5009 | v.1 ** | Life Contingencies 1 | 4.0 | 25.0 | |
| STAT5000 | v.1 ** | Risk Analysis and Credibility Theory | 4.0 | 25.0 | |
| MATH5000 | v.1 ** | Theory of Interest | 4.0 | 25.0 | |
| MATH5011 | v.1 ** | Survival Analysis | 4.0 | 25.0 | |
| 125.0 | |||||
| MATH5001 | v.1 | Mathematics Masters Project 1 | 1.0 | 25.0 | |
| FNCE5000 | v.1 | Advanced Corporate Finance and Theory | 3.0 | 25.0 | |
| OR | |||||
| STAT5004 | v.1 | Investment Science 2 | 4.0 | 25.0 | |
| INVE5001 | v.1 | Advanced Derivative Securities | 3.0 | 25.0 | |
| OR | |||||
| STAT5007 | v.1 | Actuarial Statistics | 4.0 | 25.0 | |
| NPSC5000 | v.1 | Science Masters Research Methodologies | 3.0 | 25.0 | |
| SELECT OPTIONAL UNITS TO THE TOTAL VALUE OF: | 75.0 | ||||
| 175.0 | |||||
| Optional Units (No Year Level Specified) | Hrs/Wk | Credit | |||
| ECON5000 | v.1 | Actuarial Economics | 4.0 | 25.0 | |
| FNCE5003 | v.1 | Advanced Business Financial Modelling | 3.0 | 25.0 | |
| MATH2005 | v.1 | Practical Mathematical Financial Modelling | 3.0 | 25.0 | |
| MATH5006 | v.1 | Numerical Methods | 3.0 | 25.0 | |
| STAT5008 | v.1 | Mathematical Statistics | 4.0 | 25.0 | |
| MATH5010 | v.1 | Life Contingencies 2 | 4.0 | 25.0 | |
| FNCE5011 | v.1 | Contemporary Issues in International Finance | 3.0 | 25.0 | |
| ISAD5000 | v.1 | Advanced Optimisation Techniques | 4.0 | 25.0 | |
| ACCT5013 | v.1 | Intermediate Financial Accounting | 3.0 | 25.0 | |
| FNCE5008 | v.1 | Financial Principles and Analysis | 3.0 | 25.0 | |
| STAT5002 | v.1 | Statistical Modelling | 4.0 | 25.0 | |
* Other Mathematics/Finance options may be undertaken subject to consultation with and approval of the course coordinator
** Students must do a minimum of 5 core units and may substitute a maximum of 2 core units with listed options
Further Information
If you need more course information, you may contact the relevant areas:
For Current Students: Student Services Office, please click here for further details:
Course Structure Disclaimer
Curtin University reserves the right to alter the internal composition of any course to ensure learning outcomes retain maximum relevance. Any changes to the internal composition of a course will protect the right of students to complete the course within the normal timeframe and will not result in additional cost to students through a requirement to undertake additional units.
Handbook
The Courses Handbook is the repository of Curtin University ("Curtin") course information. While Curtin makes all reasonable endeavours to keep this handbook up to date, information on this website is subject to change from time to time. Curtin reserves the right to change the: course structure and contents, student assessment, tuition fees and to: withdraw any course or its components which it offers, impose limitations on enrolment in any unit or program, and/or vary arrangements for any course without notification via the website.
For course and enrolment information please visit our Future Students website.
