MC-ACTFNS v.1 Master of Science (Actuarial and Financial Science)
Course CRICOS Code: 054627G
Registered full-time Duration: 1.5 Years
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.
Graduates are eligible for membership of the Australian Mathematical society.
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 Graduate Research School website http://research.curtin.edu.au/postgraduate-research/future-research-students/entry-requirements/
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.
Course Learning Outcomes
A graduate of this course can:
1. use their exposure to a process of independently identifying a research problem and individually investigating and adapting as necessary a set of techniques to solve the problem
2. widen and deepen their high level of thinking skills by posing challenging problems that are relevant, motivational creative and reflective in the pursuit of well-structured syndicated programs
3. analyse, identify and use the relevant material in an Actuarial Control Cycle Format from a wide array of available data sources synthesise and process this data to ensure that the information is monitored in the light of a possibly changing problem, new information and or a change in technique
4. communicate effectively in ways to appropriately interpret technical and non-technical information to a varied audience, for a range of purposes and to a professional standard.
5. apply computer modelling software appropriately in statistics, finance, risk management, optimisation and other relevant areas recognising their capabilities and limitations and use appropriate technology to acquire data (e.g. internet based, library based) and present information, such as computer linked displays and internet linked overheads
6. evaluate one’s own learning and develop a high degree of flexibility and creativity to adapt to change and to introduce exciting solutions to problems where focus is paramount in the learning process; maintain currency in professional practice
7. show a high level of awareness of nationally and internationally relevant developments and contemporary issues involving relevant International events; apply international standards of practice and evaluate issues from a variety of perspectives.
8. develop shared understandings of contemporary relevant issues which demonstrate a high and balanced level of cultural awareness in a diverse cultural setting
9. demonstrate, through self-leadership, a duty of care, honesty, integrity, fairness and knowledge of principles and law to uphold the ethical requirements of the profession
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#|
|2017||Bentley Campus||Semester 1||Y|
|2017||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.
|MATH5001||v.1||Mathematics Masters Project 1||1.0||25.0|
|FNCE5000||v.1||Advanced Corporate Finance and Theory||3.0||25.0|
|STAT5004||v.1||Investment Science 2||4.0||25.0|
|INVE5001||v.1||Advanced Derivative Securities||3.0||25.0|
|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|
|NPSC5000||v.1||Science Masters Research Methodologies||3.0||25.0|
|SELECT OPTIONAL UNITS TO THE TOTAL VALUE OF:||75.0|
|Optional Units (No Year Level Specified)||Hrs/Wk||Credit|
|FNCE5003||v.1||Advanced Business Financial Modelling||3.0||25.0|
|MATH2005||v.1||Practical Mathematical Financial Modelling||3.0||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|
* 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
If you need more course information, you may contact the relevant areas: For Current Students: Student Services Office, please click here for further details: http://students.curtin.edu.au/contact_offices.cfm For Domestic Future Students: Future Students Centre, email: firstname.lastname@example.org Tel: +61-8-9266 1000 For International Future Students: Curtin International, email: email@example.com Tel: +61-8-9266 7331
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.
Information in this publication is correct at the time of printing but may be subject to change.
In particular, the University reserves the right change the content and/or method of assessment, to change or alter tuition fees of any unit of study, to withdraw any unit of study or program which it offers, to impose limitations on enrolment in any unit or program, and/ or to vary arrangements for any program.
This material does not purport to constitute legal or professional advice.
Curtin accepts no responsibility for and makes no representations, whether express or implied, as to the accuracy or reliability in any respect of any material in this publication.
Except to the extent mandated otherwise by legislation, Curtin University does not accept responsibility for the consequences of any reliance which may be placed on this material by any person.
Curtin will not be liable to you or to any other person for any loss or damage (including direct, consequential or economic loss or damage) however caused and whether by negligence or otherwise which may result directly or indirectly from the use of this publication.
International students studying in Australia on a student visa can only study full-time and there are also specific entry requirements that must be met. As some information contained in this publication may not be applicable to international students, refer to international.curtin.edu.au for further information. Australian citizens, permanent residents and international students studying outside Australia may have the choice of full-time, part-time and external study, depending on course availability and in-country requirements.