Master of Actuarial Science–MActSc 180 points Qualification regulations

1. (a) Before enrolment, a candidate for the MActSc degree shall have:

(i) completed an appropriate Bachelor’s degree with a major in Actuarial Science, Finance, Statistics, or a related field, with the equivalent of at least a B+ average standard in the relevant subject; and

(ii) been accepted by the programme director as capable of proceeding with the proposed course of study.

(b) Requirement (a)(i) may be waived by the Associate Dean (Students) of the Wellington School of Business and Government for a candidate who has extensive practical, professional, or scholarly experience of an appropriate kind.

2. (a) Except as provided in (b), or section 4, the course of study for the MActSc shall consist of courses worth at least 180 points, including:

(i) ACTS 511, ACTS 512, ACTS 513, FINA 403, FINA 406 and two courses from FINA 404, STAT 433, STAT 435, STAT 438

(ii) 60 further approved 400- or 500-level points in AIML, COMP, DATA, STAT, MATH, or postgraduate courses offered by the Wellington School of Business and Government.

(b) The programme director may exempt from any course listed in (a)(i) a candidate who has mastered the material covered in that course through previous study and/or practical experience. Credit may be awarded where the previous study involved postgraduate courses not credited to a complete qualification; otherwise, the candidate shall replace exempted courses with approved postgraduate electives of an equivalent points value.

3. (a) A candidate shall normally be enrolled for at least three trimesters and shall complete the degree within four years of first enrolling in the programme.

(b) A candidate who has failed two or more courses, or any course twice, may continue in the programme only with the permission of the associate dean.

5. The MActSc may be awarded with Distinction or Merit as described in the Assessment Handbook.