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Macquarie University

Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice

Macquarie University

Type of institution: University/Higher Education Institution
Level: Undergraduate
CRICOS: 00002J

In this combined degree program students learn to conduct mathematical, statistical, economic and financial analysis for a range of practical problems faced in long-term financial planning and management. Students will also get to apply your knowledge and skills through long-term vocational placements in a range of professional settings throughout your studies. The course provides a comprehensive understanding in not only actuarial studies but also in economics, accounting, mathematics, statistics and finance. In students' final year, advanced skills will allow students to undertake actuarial projects on insurance liability and risk. The degree includes extensive vocational placements alternating with periods of study. Multiple vocational placements during the degree allow students to explore different career options and reflect on their experience to improve their approach to each consecutive placement. Students will receive a scholarship for the duration of their course.

Structure

  • 96 credit points
  • minimum 60 credit points at 200 level or above
  • minimum 30 credit points at 300 level or above.

Subjects

  • Contigent payments, insurance methematics, mathematics of finance, probability, professional standards and practices, statistics, workplace knowledge and skills

Standard entry requirements

Year 12 or equivalent. Required: HSC Mathematics Extension 2 (or equivalent). Entry into this course is highly competitive. Your application is based on an assessment of academic performance and additional selection criteria. Applicant needs to be an Australian citizen or permanent resident, New Zealand citizen or humanitarian visa holder. Applicant also needs to active in school and/or community activities and demonstrate exceptional communication, teamwork, problem solving, innovation, service and leadership skills.

Recognition

This course is accredited by the Actuaries Institute. It allows you to complete Part I and one unit of Part II of the Actuaries Institute's professional requirements, subject to your academic performance in the relevant units. Macquarie is recognised as a Centre of Actuarial Excellence by the Society of Actuaries.

Further information

Macquarie University has been teaching actuarial studies since 1968. It is the first professional accredited actuarial studies program in the English-speaking world, and is the longest running program of its type in Australia. Career professions include actuary, claims adjuster/examiner/investigator, fund manager, insurance analyst, life, health or general insurance specialist, pricing/marketing actuary, risk analyst, superannuation consultant and underwriter.

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