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Department of Actuarial Studies

Bachelor of Actuarial Studies with Bachelor of Science

2010 Degree Information

Faculty: Faculty of Business and Economics
Course Type: Undergraduate
Campus: North Ryde
Included Degrees:

Bachelor of Actuarial Studies

Bachelor of Science (Faculty of Human Sciences)
Bachelor of Science (Faculty of Science)
Key Features:

The Department of Actuarial Studies at Macquarie University has been recognised by the Institute of Actuaries of Australia as a Centre of Excellence in actuarial education. The Macquarie actuarial program has been running successfully for over 40 years and many Macquarie actuarial graduates hold senior positions in the financial services industry in Australia and overseas.
Suitable for:

Students interested in work based on the application of mathematical, statistical, economic and financial analysis to a wide range of practical problems in long-term financial planning and management. This course allows students to major in both actuarial studies and mathematics or statistics.
Accreditation:

The actuarial degree is accredited by the Institute of Actuaries of Australia (IAAust) . This means that if you complete the three year Bachelor of Actuarial Studies with grades of credit or above in the relevant units in the program you are granted exemption from Part 1 of the IAAust’s professional exams. If you complete a four-year double degree involving actuarial studies (or the longer combined degree with Law) with grades of credit or above in the relevant units you are granted exemption from Parts 1 and 2 of the IAAust’s professional exams.
Major Employers:
  • Accounting firms
  • Actuarial and superannuation consulting firms
  • Banks and funds management
  • General insurance companies
  • Health insurance companies
  • Life insurance companies
  • Management consulting firms
  • Public sector such as APRA,
  • Australian Tax Office
  • Software development companies
  • Stockbrokers
Average Starting Salaries:

Recent graduates salaries have mostly been in the range of $45,000 to $60,000
Career Opportunities:
  • Banking and Finance
  • Energy and environment
  • General and Health Insurance
  • Investment
  • Life Insurance
  • Management
  • Non-traditional areas such as IT, e-commerce, climate change
  • Public Sector: Australian Prudential Regulation Authority, Australian Taxation Office
  • Risk Management
  • Superannuation
  • Wealth Management

Requirements

Recommended Prior Knowledge:

HSC Mathematics Extension 1 is a subject prerequisite and Mathematics Extension 2 is recommended study for actuarial studies units.
Work Experience:

No work experience required.
UAC Code:

300276 CSP
2010 ATAR:

96.35
Domestic Students: How to apply Fee Information
International Students: How to apply Fee Information
English Language Requirements:
  • IELTS (Academic english only): Minimum 6.5 overall, with 6.0 in each section
  • TOEFL (Paper based test): Minimum 580 overall, with 53 Listening, 52 Reading, 59 Structure/ Written Expression, 5.0 TWE
  • TOEFL (Computer based test): Minimum 237 overall, with 19 Listening, 19 Reading, 25 Structure/Writing
  • TOEFL (Internet based test): Minimum 92 overall, with 18 Listening, 17 Reading, 22 Writing, 22 Speaking

Course Details

Minimum Course Duration: 4 years full-time
Mode of study:

On campus
Administrative Enquiries:

Business and Economic Student Services (BESS)
Ph: 61 2 9850 8450
Fax: 61 2 9850 9958

Faculty of Science
Ph: 61 2 9850 6000
Fax: 61 2 9850 6565
Email: enquiries@science.mq.edu.au
www.science.mq.edu.au
Academic Enquiries:

Department of Actuarial Studies
Ph: 61 2 9850 9987
Fax: 61 2 9850 9481
www.acst.mq.edu.au

Faculty of Science
Ph: 61 2 9850 6000
Fax: 61 2 9850 6565
Email: enquiries@science.mq.edu.au
www.science.mq.edu.au
Enquiries: Contact us for further information

What You Will Study

For more information and degree requirements, please refer to the 2010 Course Handbook .