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undergraduate

Degree

Bachelor of Actuarial Studies

Course code: #C000117

undergraduate

Degree

Bachelor of Actuarial Studies

Quick facts

  • Annual tuition (2024)

    $43,200 AUD

  • Application fee

    Free

  • Duration

    3 years

  • PSW

    2 years

  • Min GPA

    62 out of 100

  • CRICOS code

    067838M

Highlights
Practical Experience

These are mandatory and all come with course.

Deadlines

Term start& deadline Deadline
Fall-February 05-February-2024 2024-02-05
Fall-February 05-February-2025 2025-02-05
Fall-February 05-February-2026 2026-02-05

Overview

Bachelor of Actuarial Studies

Actuaries specialise in applying mathematical, statistical and financial analysis to business, finance and insurance. 

Actuaries advise government, financial institutions and other organisations on financial management, risk management, product design and complex transactions. 

They are vital to helping financial institutions and other businesses all over the world to prosper.

In the professionally accredited Bachelor of Actuarial Studies, you’ll learn how to apply mathematical, statistical, economic and financial analysis to a range of practical problems in long-term risk management, finance and insurance.

Key features

  • Attain recognised professional accreditation
  • Join Macquarie, that’s recognised for its excellence
  • Broaden your skillset
  • Join the leading provider of actuarial education for 50 years

Estimate your cost

Residency
Count of person

$55,824

Total costs

yearly

Details


Cost of living 1 person $10,920
Accommodation 1 bed room $12,624
Tuition 1 person $43,200

Hourly wage

Min wage

23.23 AUD / 1 hour

in Australia every student can work 48 hour per fortnight

Required documents

  • Certified copies of Academic/Official Transcripts
  • Certified copies of award certificates or completion certificates from previously completed studies
  • Certified copies of Language Proficiency (If Applicable)
  • Certified copy of Passport or Visa Documents

Language requirements

GRE
not required
GMAT
not required

IELTS

6.5
6
listening
6
writing
6
speaking
6
reading

TOEFL

83
12
listening
21
writing
18
speaking
13
reading

PTE

58
52
listening
52
writing
52
speaking
52
reading

Cambridge

180
169
listening
169
writing
169
speaking
169
reading
Language pathway (conditional offer) is available

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:

  • IELTS Indicator / IELTS Online
  • TOEFL iBT Home Edition
  • PTE Academic Online

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)
IELTSTOEFL iBT

Pearson

(PTE)

5.56.06.57.07.5
4.0443030-4040-5050+50+50+
4.5523520-3030-4040-5050+50+
5.0604110-2020-3030-4040-5050+
5.566491-1010-2020-3030-4040-50
6.07350 1-1010-2020-3030-40
6.58358  1-1010-2020-30
7.010065   1-1010-20

Academic background and requirement

To apply for an undergraduate program, international students will need to have completed one or more of the following academic qualifications:

  • A recognised senior secondary school qualification or university entrance examination, such as the New South Wales Higher School Certificate (NSW HSC) or other equivalent Australian or overseas high school qualification
  • A recognised university Foundation course
  • A recognised 2 or 3-year Diploma, Advanced Diploma or Associate Degree
  • At least one year of a university degree from a recognised institution

Assumed knowledge

  • HSC Mathematics Extension 1

Recommended studies:

  • HSC Mathematics Extension 2 (Band E4) or equivalent

China: 

  • Gao Kao - Shanghai (out of 660):                       491 (74%)
  • Gao Kao - All other provinces (out of 750):         585 (78%)
  • Chinese Senior Secondary School (selected schools)  90%
     

India:

  • Indian AISSC    90-100%
  • Indian HSSC     90-100%
  • Indian ISC        90-100%

Iran:

  • Iranian Senior Secondary School (from 2019):  Not accepted for Bachelor entry
  • Iranian Senior Secondary School (pre-2019): Not accepted for Bachelor entry
     

Foundation and Intensive programs

If you have completed at least a Year 11 equivalent qualification and need additional academic support or further English skills to enter the first year of your undergraduate degree, these programs are for you. 

  • Standard Foundation program

The Standard Foundation program is designed for students needing extra academic and English support before they are undergraduate-ready. You need to have completed at least a Year 11 equivalent qualification to apply.

  • Intensive program

The Intensive program is designed for students needing extra academic support before they are undergraduate-ready. You need to have completed a Year 12 equivalent qualification to apply.

Career opportunities

  • Actuary
  • Claims adjuster/examiner/investigator
  • Fund manager
  • Insurance analyst
  • Life, general or health insurance specialist
  • Pricing/marketing actuary
  • Risk analyst
  • Superannuation consultant
  • Underwriter

Sydney weather chart

Sydney weather chart

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