Course code: #C000163C
These items are optional and you can choose them as you wish after applying for the course.
Actuaries are sought-after worldwide to provide future-focused solutions to complex financial issues.
Experts at measuring and managing risk, they provide value to various organisations, including investment firms, insurance companies, government agencies and consultancies, and the banking and health industries.
In the Society of Actuaries (SOA) specialization, you’ll learn how to value financial products and evaluate insurance and other financial risks.
You'll also develop problem-solving skills using modern statistical techniques and analysing specialisation advanced long-term or short-term coverage issues.
Macquarie is one of only four accredited US Society of Actuaries Centers of Actuarial Excellence in Australia.
This specialisation, therefore, provides a pathway to international professional recognition and opportunities for career development in Asia, the USA and other international destinations.
$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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