The Melbourne Business School's Graduate Diploma in Actuarial Science is a one-year degree that prepares you to enter the actuarial profession. Graduate Diploma students can apply to transfer to the Master of Actuarial Science if you wish to gain additional benefits offered by the two-year degree.

Who is it for?

This program is suitable for graduates who have a bachelors degree that includes a strong mathematical component. It's also open to graduates who have completed some Part I professional exams.

The Graduate Diploma in Actuarial Science consists of eight 12.5 point subjects, and will normally be completed in one year of full-time study or two years part-time. The 100 point program comprises of:

• 4 discipline core subjects
• 4 elective subjects from the Master of Actuarial Science

Our graduates have gone on to some successful and varied careers. These are just some examples:

• Actuary, Towers Watson Australia
• Graduate Consultant, Bain & Company
• Actuary, Territory Insurance Office
• Analyst – Strategic Change, National Australia Bank

Practical Skills

You will leave the degree with a number of essential skills, including the ability to:

• be a critical thinker in relation to actuarial studies and related disciplines
• be analytical in the application of actuarial theory, knowledge, principles, techniques and data.

To be considered for entry into this course, you must: Have completed an undergraduate or postgraduate degree with a major in mathematically-based subjects, such as studies in mathematics, st

IELTS (academic English Only): 6.5 (no band less than 6.0)
TOEFL Internet-based test: 79 + ; Writing 21; Speaking 18; Reading 13; Listening 13;
Pearson Test of English Academic: 58 + no communicative skill below 50
Cambridge English: Advanced/ Certificate of Advanced English (CAE): 176 + no skill below 169.