Bachelor of Actuarial Studies with the degree of Bachelor of Science

Actuaries relate numbers to real life, and focus on risk management and protecting against loss. Scientific minds curious, enquiring and excited by discovery question the norm, asking and seeking answers to 'why?'. This double degree will give you a deeper understanding of the financial, mathematical, statistical and economic analysis needed in long-term financial management. It will also ensure you develop strong capabilities in a range of areas such as problem solving, research skills, creative thinking and communication.

Key Features

• This course is accredited by the Actuaries Institute.
• You'll learn to apply knowledge and concepts to problems in insurance, banking, finance and superannuation.
• You'll gain a comprehensive understanding not only in actuarial studies, but also in economics, mathematics, statistics and finance.
• You'll use modern laboratories that offer exposure to the latest instrumentation and tools.
• You can complete two degrees with only one additional year of study.

Accreditation

This course is accredited by the Actuaries Institute. If you complete this double degree with grades of credit or above in the relevant units, you're eligible to apply for exemption from the corresponding Foundation level and the university component of the Associateship level professional examinations.

Suitable For

If you are interested inlong-term financial management and have a particular interest in scientific areas of mathematics and statistics.

Professions

• Banking and finance
• Energy and environment
• General and health insurance
• Investment
• Life insurance
• Management
• NNon-traditional areas such as IT, e-commerce, climate change
• Public sector: Australian Prudential Regulation Authority, Australian Taxation Office
• Risk management
• Superannuation
• Wealth management

Notes

For the Bachelor of Actuarial Studies with Bachelor of Science, the Bachelor of Science majors which allow coverage of all of the Foundation level and the university component of the Associateship level of the Actuaries Institute's professional examinations are mathematics, statistics and data science.

What You’ll Study

Part of what makes Macquarie future focused is that we allow you the freedom to explore your interests across a range of areas, rather than lock you in to a single, narrow field. So follow your passions and tailor your course to your needs and interests.

Units

Units are what we call subjects. Most full-time students take four units – each worth a fixed number of credit points – per session.

Entry Requirements

For students from overseas, Macquarie uses an international selection rank to determine the minimum eligibility requirement for each undergraduate course. This rank has been converted into equivalent scores for various recognised international high school qualifications and university entrance examinations, including global qualifications like the International Baccalaureate (IB) and GCE A-Levels.

Assumed Knowledge

Actuarial Studies

• HSC Mathematics Extension 1 (Band 4) or equivalent.
• Recommended studies: HSC Mathematics Extension 2 (or equivalent).

Science depends on your chosen major

English Language Requirements

All applicants for undergraduate coursework studies at Macquarie University are required to provide evidence of proficiency in English.

You may satisfy the English language requirements if you have completed:

• Senior secondary studies equivalent to the NSW HSC
• One year of Australian or comparable tertiary study in a country of qualification

Alternative entry

At Macquarie, we are all about success. With our International Academic Entry Program, we recognise your individual strengths, interests, and personal circumstances. If you have not achieved the overall score required for your program, but demonstrate particular strength in relevant subjects, we may consider you for alternative entry.

Course Fees

International fee-paying
AUD $36,450
Indicative annual fee
Fee per credit point AUD $1,518.75

The indicative annual fee displayed is based on completing a standard full time study load. Fees may increase each year. For courses longer than one year in duration, you will pay the fee that is current for the year that you enrol in the unit.