Master of Insurance and Risk Management
Course summary for international students
G = Geelong Waurn Ponds Campus
S = Geelong Waterfront Campus
W =Warrnambool Campus
X = Off campus
| Award granted | Master of Insurance and Risk Management |
|---|---|
| Campus | This course is only offered off campus |
| Off-campus | Yes |
| Length | 1 year full-time or part-time equivalent |
| Next available intake | March (Trimester 1) |
| Indicative annual fee 2013 | $27,660* AUD |
| IELTS Requirement | IELTS overall score of 6.5 (with no band score less than 6) or equivalent |
| Deakin course code | M773 |
| Faculty contacts | Deakin International Tel +61 3 9627 4877 Online enquiry |
Students who commenced this course prior to 2012 should discuss unit selections with their enrolment officer. | |
Course sub-headings
- Course overview
- Fees and charges
- Career opportunities
- Course rules
- Specialisations
- Course structure
- Entry requirements - general
- Entry requirements - specific
- Credit for prior learning - general
- How to apply
Course overview
The Master of Insurance and Risk Management provides specific education and professional accreditation for those graduate-level industry entrants in the general insurance sectors of the insurance industry. In addition to the core units, the course includes an optional insurance and risk management practicum unit that provides students with the opportunity to undertake appropriate and relevant experiential learning in a business context.
Fees and charges
Fee paying place - International (IFP)A Fee paying place is one for which the University does not receive any government funding. As such, students enrolled in these places are required to contribute the full cost of their course.
Fees for international students apply to persons living in Australia with Temporary Resident status, provided that there is no limitation on study and persons living abroad who are not Australian citizens and do not have Permanent Resident status in Australia.
Equivalent Full Time Student Load (EFTSL)
EFTSL is the standard annual full time load. Eight credit points is the standard full time load for one year of study.
* The 'indicative annual course fee' cited has been provided as a guide only. It has been calculated on the basis of a typical enrolment of a student undertaking the course in 2013, and reflects the cost involved in undertaking a full-time quota of units within the specified discipline.
The actual fees charged by Deakin University will depend upon the discipline from which each individual unit is chosen, and may vary from the indicative course fee cited, particularly if units are chosen from a number of disciplines. The cost of each unit offered in 2013 can be viewed from the Unit Search.
Please note that the fees per unit/credit point may increase annually due to rises in the cost of course delivery and service.
Deakin assumes no responsibility for persons relying on 'indicative course fees' to calculate the total future cost of their course.
Career opportunities
The Master of Insurance and Risk Management program equips those seeking a career in the insurance industry with the necessary knowledge to enter the industry and also meet the legislative requirements necessary for those working in the industry.
The program also allows those currently working in the industry to consolidate and upgrade their knowledge.
Within the industry there are a wide range of areas in which careers can be developed. With Insurers this could be as an underwriter where you are analysing risks presented by insured's or in the management of claims. Careers can also be had with insurance brokers. An insurance broker is focused on establishing the client's needs and then developing an insurance program to meet those needs. Having done this they then market the program to insurers.
A further career area is in risk management where you would form part of a company's risk management team. The team seeks to analyse the exposures faced by your company and devise strategies to minimise them or to meet the consequences should a loss develop.
Course rules
The Master of Insurance and Risk Management requires completion of 8 credit points of units, comprising 5 credit points of units from a specified list plus 3 credit points of elective units.
The course can be completed in one year of full-time study or part-time equivalent. Graduates of the Graduate Certificate of Insurance and Risk Management will not be granted credit for prior learning upon articulation into this course.
Specialisations
Course structure
At least 5 credit points from the following specified units:
| MPS701 | Principles of Risk and Insurance |
| MAF754 | Enterprise Risk Management |
| MPS707 | Life Risk |
| MPS708 | General Insurance |
| MPS703 | Reinsurance |
| MPS710 | Insurance and Risk Management Practicum |
Plus 3 credit points chosen from:
| MAF702 | Financial Markets |
| MLC771 | Law for Managers |
| MPA711 | Corporate Governance and Ethics |
| MPR751/MPA751 | Financial Reporting and Analysis * |
| MPT753/MPF753 | Finance # |
| MPR732/MPK732 | Marketing Management * |
| MPM715 | Management and Organisational Consulting |
| MPR722/MPM722 | Human Resource Management * |
| MPT722 | Human Resource Management (Tour) # |
or any above listed not previously studied.
Students may also undertake other postgraduate units offered by the Faculty of Business and Law subject to the approval of the Course Team Chair.
* MPR code denotes residential version of the unit
# MPT code denotes study tour version of the unit
Entry requirements - general
Deakin University offers admission to postgraduate courses through a number of Admission categories.In all categories of admission, selection is based primarily on academic merit as indicated by an applicant's previous academic record. The minimum requirements are successful completion of a three-year undergraduate degree, or equivalent, from an approved university or other educational institution or successful completion of other equivalent qualifications gained by examination, or approved professional or industrial experience. International students must also meet the English language requirements.
Entry requirements - specific
Applicants for M773 Master of Insurance and Risk Management must hold a four year bachelor degree (or equivalent), or a three year bachelor degree (or equivalent) and a minimum of three years professional or managerial experience in finance, insurance, financial planning, or superannuation or related industries. Alternative entry will be available by completion of M573 Graduate Certificate of Insurance and Risk Management but will not receive credit for units completed.
IELTS / English language requirements
Please note that English language requirements exist for entry to this course and you will be required to meet the English language level requirement that is applicable in the year of your commencement of studies.
It is the students’ responsibility to ensure that she/he has the required IELTS score to register with any external accredited courses.
Credit for prior learning - general
If you have completed previous studies which you believe may reduce the number of units you have to complete at Deakin, indicate in the appropriate section on your application that you wish to be considered for credit for prior learning. You will need to provide a certified copy of your previous course details so your credit can be determined. If you are eligible, your offer letter will then contain information about your credit for prior learning.Your credit for prior learning is formally approved prior to your enrolment at Deakin during the Enrolment and Orientation Program. You must bring original documents relating to your previous study so that this approval can occur.
You can also refer to the Credit for Prior Learning System which outlines the credit that may be granted towards a Deakin University degree.
How to apply
- Applicant Portal: Use our online application system to submit and track your application now OR
- Apply through a Deakin International office: Fill out an application form and submit it to a Deakin International office OR
- Apply through a Deakin representative: Take your application form to your preferred agent for assistance.
Tracking your application
If you have already applied and wish to enquire about your application please refer to the relevant area through which you originally applied.
- If you applied through a Deakin representative please contact your representative.
- If you applied through a Deakin International office please contact deakin-int-admissions@deakin.edu.au
