The minimum qualification requirement for admission to the program for a Master of Philosophy in Actuarial Studies is:
- A degree of bachelor with an overall grade of distinction or higher in actuarial studies (or a closely related discipline) from an Australian university; or
- Another qualification that the Delegated Authority is satisfied is equivalent or superior to a degree mentioned in point (a); or
- A combination of qualifications and professional experience that the Delegated Authority is satisfied is equivalent or superior to a degree mentioned in point (a).
Please note that there are other admission criteria that students must also satisfy. Admission is competitive and only a limited number of students are admitted to the MPhil program each year.
In addition to the standard information required in the online application, please note the following:
- Applicants are required to prepare a one-page statement of purpose, and
- short-listed applicants may be required to sit an interview.
Commencement is possible at any time subject to coursework and supervision requirements.
MPhil program structure
The specific coursework requirements for the Actuarial Studies MPhil will depend on each candidate’s background, and will be determined through discussion with the HDR Convenor prior to the candidate commencing.
It is expected that four courses will be taken, with a maximum of five courses. Courses may be chosen from a wide range of graduate level courses in actuarial studies, statistics, finance, or suitable advanced courses from other disciplines. Courses offered within RSFAS include (but are not limited to) the following:
- ACST8040 Control Cycle A1
- ACST8041 Control Cycle A2
- ACST8033 Control Cycle B
- ACST8060 Enterprise Risk Management 1
- ACST8061 Enterprise Risk Management 2
- FINM8006 Advanced Investments
- STAT7016 Introduction to Bayesian Data Analysis
- STAT7017 Big Data Statistics
- STAT7018 Stochastic Modelling
- STAT7030 Generalised Linear Models
- STAT7040 Statistical Learning
- STAT8002 Applied Time Series Analysis
- STAT8003 Biostatistics
- STAT8036 Credibility Theory
When a MPhil candidate is admitted to the program, a supervisor is assigned. The provisional supervisor has the responsibility of overseeing the student’s candidature.
Thesis Proposal Review
Actuarial Studies MPhil students are required to give a 45min-1hr Thesis Proposal Review (TPR) to academic staff and students approximately 9 to 12 months after commencement. Successful completion of the TPR (as determined by the candidate’s supervisory panel) is required to continue in the program.
Actuarial Studies MPhil students are required to give an oral presentation of their MPhil research approximately 3 months prior to thesis submission.
In each year of their candidature, MPhil candidates are required to submit an annual report which outlines a research plan for the next twelve months, and a progress report that summarises progress and identifies any difficulties or changes in the research plan, if any. These reports form the basis of the student’s annual review.
Please see Research Student Milestones for further details.
Research Integrity Training
MPhil candidates are also required to undertake Research Integrity Training (RIT). This training program has been developed by the ANU Office of Research Integrity and needs to be completed whenever it is on offer in the first year following commencement.
Thesis Submission and Examination
Information on the process of thesis submission and examination can be found here: Submitting a thesis.