Bachelor of Actuarial Studies

Macquarie University

Type of institution: University/Higher Education Institution
Level: Undergraduate
CRICOS: 00002J; 02942D (ELC)

Actuaries analyse and manage the financial consequences of risky events. All sorts of risks: Risk of Death/Sickness, Natural Hazards (cyclone, earthquake, bushfire) Financial Risks (shares, bonds, exchange rates). Actuaries analyse and manage the risks of financial contracts, insurance and retirement funds. They also help manage and control financial institutions. Actuaries relate numbers to real life. In this actuarial studies degree students will learn to conduct mathematical, statistical, economic and financial analysis to a range of practical problems faced in long-term financial planning and management. Very strong industry links through capstone and professional subjects including the actuarial control cycle.

Structure

  • 69 credit points
  • minimum 39 credit points at 200 level or above
  • minimum 18 credit points at 300 level or above

Subjects

  • Actuarial studies

Standard entry requirements

  • Year 12 or equivalent
  • Prerequisite: HSC Mathematics Extension 1 performance band E4
  • Recommended: HSC Mathematics Extension 1 and 2 with a total mark of at least 180

Recognition

The actuarial degree is accredited by the Institute of Actuaries of Australia (IAAust). This means that if students complete the three-year degree with grades of credit or above in the relevant units in the program, they are granted exemption from Part 1 of the IAAust's professional exams. If they complete a four-year double degree involving actuarial studies with grades of credit or above in the relevant units, they are granted exemption from Parts 1 and 2 of the IAAust's professional exams.

Further information

This course is available in internal attendance mode in Session 1 only.

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