Bachelor of Actuarial Studies | Macquarie University

Bachelor's Degree Actuarial Science Full Time

Bachelor of Actuarial Studies with the degree of Bachelor of Science

at Macquarie University · Sydney, New South Wales

CRICOS course code

067842D

CRICOS provider code

00002J

This course is registered on the Commonwealth Register of Institutions and Courses for Overseas Students. Verify it yourself at cricos.education.gov.au before paying any fee.

Duration

4 years

Tuition (whole course)

A$199,300 total

Per year

A$49,825/yr

Intake

Semester 1 (Feb/Mar), Semester 2 (Jul)

About this program

The Bachelor of Actuarial Studies and Bachelor of Science at Macquarie University is a comprehensive programme designed for students seeking to excel in the rapidly growing field of actuarial science. Over the course of four years, students will engage in a solid curriculum that covers essential topics such as probability, statistics, financial mathematics, and risk management. The integration of actuarial studies with scientific principles equips graduates with a robust analytical framework critical for various industries, including finance, insurance, and consultancy.

This programme is structured with a combination of semesters, allowing students to complete their studies through a series of units of study that accumulate credit points. Key components of the course include a capstone project where students apply their knowledge to real-world problems and work-integrated learning opportunities that facilitate professional placements in relevant industries. This practical exposure is invaluable, enabling students to bridge the gap between theory and practice while gaining insights into the daily workings of their field.

By completing this degree, graduates will develop a range of skills including advanced quantitative analysis, problem-solving abilities, and critical thinking. The course is well-suited for individuals with a keen interest in mathematics, statistics, and the financial sector, and who have a desire to apply these skills in a practical setting. Moreover, students will learn to effectively communicate complex concepts, a vital skill in any profession.

Macquarie University also provides a vibrant and supportive learning environment, enriched by its connections with industry leaders and professionals in actuarial science. Students are encouraged to take advantage of these networking opportunities, which can lead to valuable contacts and potential employment after graduation.

Entry requirements

English: International applicants must evidence English proficiency. IELTS Academic 6.0–6.5 overall is the common undergraduate and coursework-postgraduate standard, rising to 7.0–7.5 for teaching, nursing, medicine, law and social work. TOEFL iBT, PTE Academic, Cambridge C1 Advanced and the university’s own English programmes are accepted as equivalents; the Department of Home Affairs sets a separate English threshold for the Student visa itself.

International students: Registered on CRICOS for international students. A Confirmation of Enrolment (CoE) for this course supports a Student visa (subclass 500) application; Overseas Student Health Cover is required for the full duration.

Career outcomes

Actuary
Risk Analyst
Financial Consultant
Data Scientist
Investment Analyst
Insurance Underwriter

Graduates can find roles in various Australian industries including finance, insurance, government agencies, and professional services firms.

Frequently asked questions

How long is the Bachelor of Actuarial Studies with the degree of Bachelor of Science at Macquarie University?

It typically takes 4 years, with intakes in Semester 1 (Feb/Mar), Semester 2 (Jul).

How much is the tuition?

Tuition is around A$199,300 total. Fees change yearly, confirm with an advisor.

What are the career outcomes?

ActuaryRisk AnalystFinancial ConsultantData ScientistInvestment AnalystInsurance UnderwriterGraduates can find roles in various Australian industries including finance, insurance, government agencies, and professional services firms.

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