Master of Science (Actuarial and Financial Science) (CRICOS course code 054627G) is a Masters Degree (Coursework) delivered by Curtin University over 1 year 6 months (~78 weeks). This program equips students with advanced quantitative skills in actuarial science and financial mathematics, preparing them for professional roles in insurance, finance, and risk management. As a CRICOS-registered course, it meets Australian Government standards for international students and is eligible for student visa (Subclass 500) applications. Curtin University (CRICOS 00301J) is a public university based in Bentley, Perth, Western Australia, known for its strong industry connections and research output. With an indicative tuition fee of A$48,539 and non-tuition costs of A$1,000, the total estimated investment is A$49,539. Additional costs such as OSHC, living expenses, and visa application fees are not included. This page provides an in-depth look at the course structure, entry requirements, fees, and application process to help you make an informed decision. All information is sourced from the official CRICOS register as at April 2026.
Master of Science (Actuarial and Financial Science) (CRICOS 054627G) is a postgraduate coursework program classified at AQF Level 9 (Masters Degree). It falls under the broad field of Natural and Physical Sciences (01), specifically Mathematical Sciences (0101) and Mathematics (010101). The program is designed for students who hold a bachelor's degree in a quantitative discipline, such as mathematics, statistics, or actuarial studies. It builds on foundational knowledge and develops expertise in actuarial models, financial mathematics, risk theory, and statistical methods. Graduates typically pursue careers as actuaries, financial analysts, or risk managers in Australia and internationally. The course is delivered over 78 weeks (1.5 years) and is taught in English, with no dual qualification or foundation studies component. As a standalone Masters degree, it provides a direct pathway to professional accreditation with actuarial bodies.
The Master of Science (Actuarial and Financial Science) curriculum is structured around core units in actuarial mathematics, financial modelling, risk analysis, and statistical inference. Students learn to apply mathematical and statistical techniques to real-world financial problems, such as pricing insurance policies, assessing investment risks, and forecasting economic trends. Typical topics include survival models, time series analysis, stochastic processes, and corporate finance. While exact unit offerings are subject to change, the program aims to develop both theoretical understanding and practical skills through case studies, computer-based assignments, and possibly a capstone project. Assessment methods include examinations, essays, and presentations. Upon completion, graduates are well-prepared for further professional exams leading to Fellow or Associate status with the Actuaries Institute Australia or equivalent international bodies.
This Masters degree has a standard duration of 1 year 6 months (~78 weeks), as recorded on the CRICOS register. It is offered full-time in a face-to-face mode on the Curtin Bentley campus. The language of instruction is English. Students are expected to dedicate significant time to independent study and group work. There is no option for part-time study for international students due to visa conditions requiring full-time enrolment. The course is a single qualification; it does not combine with other degrees or include a mandatory work component.
The indicative tuition fee for the entire course is A$48,539, as set by Curtin University and recorded on the CRICOS register (April 2026). Additionally, non-tuition fees (such as materials, amenities, and administration) amount to A$1,000, bringing the estimated total to A$49,539. Please note that these figures are indicative and subject to change. International students should also budget for Overseas Student Health Cover (OSHC), which is mandatory for the visa duration, as well as living costs (approx. A$21,000-A$25,000 per year in Perth), and the student visa application fee (currently A$1,600). Always confirm current fees directly with Curtin University at www.curtin.edu.au before applying.
Admission to this Masters program typically requires a bachelor's degree in a relevant field (e.g., mathematics, statistics, actuarial studies, finance) with a strong academic record. Applicants whose first language is not English must demonstrate proficiency through an approved test — the indicative English requirement is IELTS 6.5 to 7.0 overall, with no band below 6.0 (or equivalent). Some universities may also require prior study in specific subjects like calculus, linear algebra, and probability. Curtin may offer pathway options such as a Graduate Certificate or Graduate Diploma for students who do not meet direct entry requirements — check their website for details. Admission decisions are at the discretion of the university.
This course does not include a mandatory work component. However, international students on a Student visa (Subclass 500) are permitted to work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks. While the program itself does not offer a placement, students can seek internships or part-time work independently to gain practical experience.
The Master of Science (Actuarial and Financial Science) is delivered at Curtin University's main campus in Bentley, Perth, Western Australia. Perth is the capital city of WA, known for its sunny climate, vibrant lifestyle, and growing economy. The city is home to over 2 million residents and hosts a significant international student population. Bentley campus is well-connected by public transport, including bus routes and a nearby train station. Living costs in Perth are generally lower than in Sydney or Melbourne, with indicative weekly rent for a shared apartment around A$250-A$400, groceries A$80-A$150, and transport A$40-A$70. The city offers a safe environment, multicultural communities, and proximity to beaches and parks.
To study this course as an international student, you will need a Student visa (Subclass 500). Key requirements include: Confirmation of Enrolment (CoE) for this CRICOS-registered course, genuine temporary entrant (GTE) criteria, sufficient financial capacity to cover tuition, living costs, and OSHC, and meeting English proficiency standards. OSHC must be arranged for the duration of your visa — providers include Medibank, Bupa, and others. While studying, you can work up to 48 hours per fortnight during term and unlimited during breaks. Visa applications can be complex; we recommend consulting a registered migration agent (MARA) or visiting the Department of Home Affairs website for the most current information. Note: HeadStart Academy is not a migration agency and does not provide immigration advice.
Perth offers a unique study experience with a relaxed lifestyle, strong job market in mining and finance, and a growing tech sector. The city has over 20 CRICOS-registered providers offering a wide range of courses. For actuarial and financial science students, Perth provides internship opportunities with major banks, insurance companies, and consulting firms. The cost of living is moderate compared to eastern capitals, and the climate is pleasant year-round. However, Perth is geographically isolated — flights to other Australian cities take several hours. Consider your personal preferences for urban versus laid-back environments, and whether the city aligns with your career goals.
Ready to take the next step? Research this course on the official CRICOS register or apply directly to Curtin University. Start your journey in Australia today!
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Master of Science (Actuarial and Financial Science) is a CRICOS-registered programme at Curtin University. Use this register extract [CRICOS register, Apr 2026] to cross-check codes, duration and indicative fees before you apply.
This page is general information only and not migration advice. Confirm Student visa (Subclass 500) requirements with the Department of Home Affairs.