Fees and charges
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. If you are studying a graduate certificate of 4 credit points, your total course EFTSL is 0.5.
This is a fee-paying course. Domestic students may be eligible for FEE-HELP assistance in paying these tuition fees. For more information about FEE-HELP go to http://www.deakin.edu.au/future-students/fees/.
Fee paying place - Domestic (DFP)
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.
Fee paying places are available to domestic students. Domestic students are those who are Australian citizens, New Zealand citizens or holders of a permanent visa.
* 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 2009, 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 2009 can be viewed at http://www.deakin.edu.au/current-students/handbooks2009/search.php.
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.
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 insureds 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 companies 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.
The Graduate Certificate of Insurance and Risk Management comprises two core 1 credit-point units and two elective 1 credit-point units. The course can be completed in two trimesters of part-time study.
Students successfully completing this course can articulate into the Master of Insurance and Risk Management but will not be granted advanced standing for units completed.
Students must complete the following core units:
MAS701 Principles of Risk and Insurance
MAS702 Risk Management
Plus 2 credit points of units selected from:
MAF754 Enterprise Risk Management
MAS704 Property Insurance
MAS705 Liability Insurance
MAS706 Theory of General Insurance
MAS710 Insurance and Risk Management Practicum
or any other postgraduate units offered by the Faculty of Business and Law subject to the approval of the Course Team Chair.
Admission 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.
For more information on the Deakin Admissions Policy visit The Guide
Admission requirements - specific
Applicants for the Graduate Certificate of Insurance and Risk Management must hold a three year bachelor degree (or equivalent), or be Senior Associates of the Australian and New Zealand Institute of Insurance and Finance (or equivalent) with five years industry experience or have seven years of work experience in finance, insurance, financial planning, or superannuation.
Advanced standing - general
The University aims to provide students with as much credit as possible for approved prior study or informal learning which exceeds the normal entrance requirements for the course and is within the constraints of the course regulations. Students are required to complete a minimum of one-third of the course at Deakin University, or four credit points, whichever is the greater. In the case of certificates, including graduate certificates, a minimum of two credit points within the course must be completed at Deakin.
You can also refer to the Advanced Standing System which outlines the credit that may be granted towards a Deakin University degree.
How to apply
Applications must be made directly to the university through the Applicant Portal referring to closing dates for applications as dates for particular courses may vary.
Your faculty may require further information from you when submitting your application. Please refer to the faculty information website for further details.