Master of Actuarial Practice

Macquarie University

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

Actuaries specialise in applying mathematical, statistical and financial analysis to business, finance and insurance. Actuaries advise government, financial institutions and other organisations about financial management, risk management, product design and complex transactions. They are key to helping financial institutions and other businesses all over the world to prosper. In this professionally accredited course students will learn how to apply mathematical, statistical, economic and financial analysis to a range of practical problems in long-term risk management, finance and insurance.

Designed for

Graduates wishing to pursue actuarial and related statistical science careers with strong backgrounds in quantitative or business related disciplines

Structure

  • 64 credit points
  • minimum 32 credit points at 800 level or above from units with ACST prefix

Subjects

  • Actuarial studies

Standard entry requirements

Australian level 7 bachelor's qualification or recognised equivalent in a cognate discipline with a minimum GPA of 4.7 (out of 7.0), or Australian level 7 bachelor's qualification or recognised equivalent in a non-cognate discipline with a minimum GPA of 5.0 (out of 7.0)

Study pathways

Students with insufficient mathematical or statistical background may need to complete necessary gateway units before enrolling for some of the core technical units covering part I of the IAAust professional qualifications. Students who have passed some of the Part I or Part II examinations of the Institute of Actuaries of Australia, or equivalent, may be granted advanced standing of 16 credit points (4 units) provided these exams have not been counted as credit towards an undergraduate degree. Students with appropriate background may also be granted exemption from some or all of the four degree gateway units, ACST 601, ACST 602, ACST 603 and ACST 604.

Further information

This course is available for internal study only.

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