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Undergraduate course

Bachelor of Actuarial Studies with Professional Practice (Honours)

Macquarie University

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About

As a Macquarie student, you can undertake many of our degrees on campus or online – or a combination of both. Our multimode approach offers you optimal choice and flexibility without compromising on quality. In response to COVID-19, Macquarie has a number of initiatives in place to ensure students and staff remain safe. Check the most up-to-date Macquarie University advice about COVID-19 arrangements.

Diverse opportunities are available for actuaries. With high-level analytical and problem-solving skills, actuaries are in demand in the traditional areas of finance and insurance, as well as in areas such as health, education, energy and environment, public infrastructure and genetics.

Macquarie’s Bachelor of Actuarial Studies with Professional Practice (Honours), which is built around the competitive Actuarial Studies Co-op program, offers you the opportunity to alternate between classroom studies and workplace experience in the form of three vocational placements of three to six months each. This will allow you to develop your professional skills, including communication, creativity, ethical practice and entrepreneurial expertise. You’ll have opportunities to build business acumen and to embrace emerging technologies. You’ll develop networks across a number of professional settings, and you’ll use your practical experiences in the classroom to further enhance your studies.

Areas of study

Contingent payments, ethical practice, insurance mathematics, mathematics of finance, probability, professional standards and practices, project management, statistics.

Career opportunities

Actuary; claims adjuster, examiner or investigator; entrepreneur; fund manager; insurance analyst; life, health or general insurance specialist; pricing or marketing actuary; risk analyst; superannuation consultant; underwriter.

Professional recognition

Accredited by the Actuaries Institute. If you complete this degree with grades of credit or above in the relevant units, you’re eligible to apply for exemption from the Foundation Program and the Actuary Program examinations of the Actuaries Institute.

Practical experience

Three vocational placements of three to six months each – which will develop your professional skills and networks – are available across a number of professional settings.

Fees and charges

Visit the Macquarie University website for current fee information.

Essential requirements for admission

Application and interview: To be considered for admission to this highly competitive degree, you must also submit an application directly to Macquarie University via the Macquarie University website.

Applications open on Monday 4 April 2022 and close on Thursday 15 September 2022 at 5pm.

If your application is shortlisted, you'll be invited to attend an interview. You'll be assessed on both academic merit (desirable minimum selection rank of 98.00; Mathematics Extension 2 (Band E4)) and an assessment of your ability to benefit from the available industry placements (communication, leadership and teamwork). If you're expecting an ATAR of 97.00 or above, you're strongly encouraged to apply.

Admission criteria

Applicants with recent secondary education

Assumed knowledge: Mathematics Extension 2 (Band E4), or equivalent.

Other applicants

Refer to Macquarie University general admission criteria.

Further information

View all details of this degree on the Macquarie University website.

ATAR profile

ATAR-based offers only (semester 1, 2022)

Use all ATAR profile data as a guide only; it provides a broad overview of the ATARs and selection ranks of previous Year 12 students admitted into that course. ATARs and selection ranks required for entry in 2022 may be different. If you are unsure about including a course among your preferences, contact the relevant institution.

  1. This ATAR profile table is in line with Commonwealth Government transparency requirements. It is based on offers to recent school leavers (ie completed Year 12 in the last 2 years) who were selected solely or partly on their ATAR. Note that some institutions further differentiate this information on their websites.
  2. The ATAR values exclude any adjustment factors.
  3. The selection ranks include the ATAR and any adjustment factors.

Abbreviations

– = data is not available.
<5 = less than 5 ATAR-based offers were made.
N/A = no offers were made on the basis of ATAR.
NC = new course
NP = Not provided by institution
NR = No reportable profile
NS = No Semester 1 offers
NN = Unavailable (other)
NO = Entry on other criteria

Student profile

Course updates
Courses are added and cancelled throughout the admissions year and course details are subject to change. Check the UAC course search regularly.

Naming of awards
The degrees (awards) offered by Macquarie University are set out in the Macquarie University Handbook. Students who qualify for a degree that is structured around majors will have the name/s of the major/s included on their testamur.