Programs and Accreditation

Programs and Accreditation

Department of Applied Finance and Actuarial Studies

Programs and Accreditation

Macquarie University has a long-standing reputation for high standards of teaching, academic results, and industry recognition and involvement. By studying with us, you can also receive the added assurance of accreditation with major professional bodies.

Actuarial Studies

The actuarial studies programs prepare you for real world jobs and equip you to become a solution-driven, pragmatic professional with valuable expertise in a complex risk-filled world. Programs includes the Bachelor of Actuarial Studies, Bachelor of Actuarial Studies with Bachelor of Science, Bachelor of Applied Finance with Bachelor of Actuarial Studies and Master of Actuarial Practice.

The Actuaries Institute accredits actuaries through a three part education examination program. By studying the actuarial studies degree with us, you can gain exemption from either Part I or Part I and Part II of this examination when you have obtained credit or higher in the relevant units. The Part II examination can be completed via our Non award study for professional purpose  where students will not be required to enrol into a degree.

Macquarie University was the first university in the world to have its actuarial courses recognised as being of equivalent standard to the corresponding subjects of the (U.K.) Institute of Actuaries. As a result of this, Macquarie students with sufficient grades were granted exemption from the corresponding U.K. exams. The Macquarie program has since been emulated by other universities in the United Kingdom, South Africa and Singapore.

For details on how to claim exemptions, please contact the Department at for further details.

Applied Finance

Bachelor of Applied Finance paves the way for a career in this dynamic sector. Through its focus on financial institutions, capital markets and instruments, students gain an understanding of the flow of funds within the financial system, ways to control risk and methods of evaluating opportunities to optimise financial outcomes.

The degree is a also recognised as CFA Partnership program where areas of the curriculum overlap over 70% with material in the CFA program. Candidates preparing for the CFA qualification will therefore benefit from undertaking this degree.

The Bachelor of Applied Finance has also been approved by the ASIC (Australian Securities and Investments Commission - authorised assessors) as meeting ASIC training requirements in relation to RG 146 compliance for generic knowledge, skills, securities, derivatives, managed investments, deposit products and non cash payment facilities, and foreign exchange, subject to the completion of certain units.  

Other undergraduate options include the Bachelor of Commerce with a major in Finance, or the Bachelor of Applied Finance combined with a degree in law, economics, accounting or business analytics.

We also offer master degrees by coursework designed for students who want to further their career in finance. The new Master of Banking and Finance allows you to gain theoretical knowledge along with practical capabilities for a career in banking and finance sectors.

The Master of Commerce, with specialisation in finance delivers a flexible and career-oriented postgraduate education. 

Graduate Education Specialist

Macquarie Applied Finance Centre (MAFC) has delivered graduate applied finance education for 35 years to students with relevant work experience. 4,700 alumni in 43 countries hold senior leadership positions in financial services across multinationals, banks and corporations.

The Master of Applied Finance offered by MAFC is highly respected and are offered in Sydney, Melbourne, Singapore and Beijing. It’s exceptional program for exceptional people, founded on a vision of applied finance education for and by practitioners. Our students learn knowledge and skills that are directly relevant, immediately and throughout their career. Macquarie is also the first university in the Asian region to have a degree program accredited by the  Professional Risk Managers' International Association (PRMIA). Students who successfully complete the Masters in Applied Finance program are eligible for exemption from the first 2 PRMIA exams.

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