Master's Degree Risk Management Full Time

Master of Actuarial Practice

at Macquarie University · Sydney, New South Wales

CRICOS course code

083775K

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

2 years

Tuition (whole course)

A$95,700 total

Per year

A$47,850/yr

Intake

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

About this program

The Master of Actuarial Practice at Macquarie University is designed to equip students with the necessary skills and knowledge to navigate the complexities of risk management and actuarial science. This two-year programme combines theoretical foundations with practical applications, ensuring that graduates are prepared for the demands of the industry. It covers essential topics such as statistical modelling, financial mathematics, and risk assessment, allowing students to understand and quantify financial risks effectively.

The course is structured over four semesters, consisting of a variety of units that are measured in credit points. In addition to coursework, students engage in a capstone project, which provides an opportunity to apply their learning to real-world problems. This hands-on experience is complemented by a strong emphasis on work-integrated learning, allowing students to gain valuable industry exposure through professional placements. Such experiences foster essential skills in communication, analytical problem-solving, and decision-making.

Students will benefit from a learning environment that combines academic rigour with industry insights, as Macquarie University has strong connections with various Australian industries. This includes opportunities for networking and collaboration with professionals in the field. The programme is particularly suited for those who are detail-oriented, enjoy complex analytical challenges, and aspire to pursue a career in actuarial science and risk management.

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
Insurance Underwriter
Investment Analyst
Data Scientist

Graduates are sought after by various sectors, including finance, insurance, and consulting, where they can apply their expertise in risk evaluation and management. With a Master of Actuarial Practice, students are well-positioned to take advantage of the Temporary Graduate visa (subclass 485) post-study work stream, allowing them to gain additional work experience in Australia after completing their studies.

Frequently asked questions

How long is the Master of Actuarial Practice at Macquarie University?

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

How much is the tuition?

Tuition is around A$95,700 total. Fees change yearly — confirm with an advisor.

What are the career outcomes?

ActuaryRisk AnalystInsurance UnderwriterInvestment AnalystData ScientistGraduates are sought after by various sectors, including finance, insurance, and consulting, where they can apply their expertise in risk evaluation and management. With a Master of Actuarial Practice, studen...

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