Course code: #C000163C
These items are optional and you can choose them as you wish after applying for the course.
Actuaries exist at the heart of every organisation – from big business to start-ups, government agencies, consultancies and NGOs.
As experts in extracting data, articulating key insights and managing risk, they’re a vital link between business problems and technical solutions.
Macquarie's Actuaries Institute specialisation will provide a solid grounding in the critical principles of actuarial modelling.
You’ll learn to utilize deterministic models to value financial products and advance your understanding of machine learning and modern statistical techniques.
You'll also acquire skills to analyse and utilise problems related to risk modelling, stochastic processes, and the valuation of financial derivatives.
Successful completion of this specialisation provides the opportunity to gain exemption from the Actuaries Institute exams and a pathway to accreditation.
$55,824
| Cost of living | 1 person | $10,920 |
| Accommodation | 1 bed room | $12,624 |
| Tuition | 1 person | $43,200 |
Duolingo overall 115 with no band less than 110*
*Duolingo English Test (DET) is accepted as a COVID measure for applicants from mainland China only up until 30 November 2023.
The following online English tests are no longer recognised as of 1 May 2023:
Students who do not meet the English language requirements but are otherwise eligible for a program of study may be issued an offer that includes an English preparation program at the Macquarie University English Language Center (i.e., a packaged offer).
International students with a packaged offer can apply for a single student visa covering their English preparation program and course of study at Macquarie University.
| Entry Requirement (Overall) | Number of estimated weeks to reach required IELTS score (Overall) | ||||||
| IELTS | TOEFL iBT | Pearson (PTE) | 5.5 | 6.0 | 6.5 | 7.0 | 7.5 |
| 4.0 | 44 | 30 | 30-40 | 40-50 | 50+ | 50+ | 50+ |
| 4.5 | 52 | 35 | 20-30 | 30-40 | 40-50 | 50+ | 50+ |
| 5.0 | 60 | 41 | 10-20 | 20-30 | 30-40 | 40-50 | 50+ |
| 5.5 | 66 | 49 | 1-10 | 10-20 | 20-30 | 30-40 | 40-50 |
| 6.0 | 73 | 50 | 1-10 | 10-20 | 20-30 | 30-40 | |
| 6.5 | 83 | 58 | 1-10 | 10-20 | 20-30 | ||
| 7.0 | 100 | 65 | 1-10 | 10-20 | |||
2 years:
1.5 years:
Actuarial studies undergraduate degree from a university recognised by the Actuaries Institute, the UK Institute and Faculty of Actuaries, or other actuarial professional societies.
Alternatively, a passing grade in either accreditation body's professional exams is also considered.
Quantitative degrees such as Mathematics, Statistics or Risk Management related degrees are also considered.
Assumed knowledge
None.
Recommended studies
None.
China: 60%
India: 50%
The programs will equip you with the necessary digital, information and academic literacies and the numeracy skills required for postgraduate studies in Australia.
Upon completing your chosen program, you can articulate into a range of master's degrees in the Macquarie Business School and the Faculty of Science and Engineering.
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