Graduate Diploma in Actuarial Science

1.5 years full-time, Parkville Campus - Domestic and International students.


The Graduate Diploma in Actuarial Science provides graduates who have a bachelor’s degree including a strong mathematical component with a one-year degree that provides a pathway to a professional actuarial career.

The program is also open to graduates who have completed some Part I professional exams. Graduate Diploma graduates will be well placed to enter the actuarial profession. Students of the Graduate Diploma can apply to transfer to the Master of Actuarial Science if they wish to gain the additional benefits offered by the 2-year degree.

The Graduate Diploma in Actuarial Science is 8 subjects in duration, and will normally be completed in one year of full-time study or two years part-time.

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Employment Opportunities

Graduates of this program have found employment in the following roles:

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

Meet our students

Can jin

"Studying at Melbourne University not only gives me the opportunity to expand my knowledge, but also helps me build useful skills through marking assignments and working as a tutor."

Can Jin is an international student from China. He is completing a PhD in Actuarial Studies. Can also works as a tutor at the University of Melbourne.

Actuaries Institute Accreditation

Giblin library

The Centre for Actuarial Studies is located within the Department of Economics. The Centre has established an international reputation for research since its inception in 1992. Members of the Centre undertake research in insurance, superannuation, financial mathematics and related areas. Our actuarial programs are firmly established and taught by academics respected in their fields. The University of Melbourne is one of six Australian Universities fully accredited by the Actuaries Institute.

Quantitative and mathematical rigour

Actuarial eyeglass

Actuarial studies is a discipline well-known for its quantitative aspects and mathematical rigour. A graduate qualification in this area can offer real competitive advantages in today’s financial services industry. An actuary’s work is based upon a multi-disciplinary background of mathematics, statistics, demography, finance and economics.

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