Course code: #C000163C
These items are optional and you can choose them as you wish after applying for the course.
Actuaries specialise in applying mathematical, statistical and financial analysis to business, finance and insurance.
Actuaries advise governments, financial institutions and other organisations about 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 Master of Actuarial Practice, 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.
If you haven't decided on your specialisation, you can begin your studies without selecting one.
You can choose a specialisation from the following list after your study commences.
$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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