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 and Business Analytics
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.
Actuarial programs include:
- Bachelor of Actuarial Studies
- Bachelor of Actuarial Studies with Bachelor of Science
- Bachelor of Applied Finance with Bachelor of Actuarial Studies
- Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice
- Master of Actuarial Practice.
Business Analytics programs incude:
- Bachelor of Business Analytics
- Bachelor of Business Analytics with Bachelor of Security Studies
- Bachelor of Economics with Bachelor of Business Analytics
- Bachelor of Applied Finance with Bachelor of Business Analytics
- Bachelor of Commerce - Professional Accounting with Bachelor of Business Analytics
The Actuaries Institute accredits actuaries through a three part education examination program. By completing the actuarial studies degree with us, you can gain exemption from either Part I or Part I and Part II of this examination program when you obtain Credit grades or higher in the relevant Macquarie University units. The Part II examination program can also be completed via our Non-award study program. Students enrolled in the non-award study program are not required to enrol in a Macquarie University degree.
Macquarie University was the first university in the world to have its actuarial courses accredited by an actuarial professional body. Students who perform sufficiently well in their studies in double degree and masters programs can be awarded exemptions from part I and part II of the actuarial education programs of the Australian Actuaries Institute.
For details on how to claim exemptions from professional examinations, see the ACSTINFO Information for Actuarial Studies, available to all students on iLearn. If you are not a current student, please contact the Department at email@example.com for further details.
- Student experience award - Macquarie University's Faculty of Business & Economics (2015)
- Curriculum renewal award - Macquarie University's Faculty of Business & Economics (2009)
Ms Shauna Ferris
- Enhancement of Student Experience - Macquarie University (2008)
Professor David Pitt
- Dean's teaching excellence award - Macquarie University's Faculty of Business & Economics (2012)
- National Citation for outstanding contributions for student learning - Australian Learning and Teaching Council awards for university teaching (previously Carrick Australian Awards for university teaching) (2009)
- Vice Chancellor's award for teaching excellence - Australian National University (2003)
Professor Leonie Tickle
- Teaching excellence award - Macquarie University's Academic Senate (2009)
- Citation for outstanding contributions for student learning - Carrick Australian Awards for university teaching (2006)
- Citation for outstanding contributions for student learning - Macquarie University (2006)
- Outstanding teaching award - Macquarie University's Academic Senate (2001)
"Macquarie University's actuarial program gave me a deep grounding in actuarial and statistical techniques, which have applications across a wide range of industries. The program is intellectually rigorous and develops strong analytical problem solving skills, delivered by a passionate and energetic teaching team. The skills I learnt have been directly applied to the roles I've had in consulting and banking, across the areas of securitization, interest rate risk, bank capital and credit risk modelling. These are not necessarily traditional areas of actuarial practice, but actuaries are often sought after in banking roles for their quantitative risk skillset and ability to understand and solve problems.
Macquarie has strong extra-curricular opportunities to assist in developing leadership, teamwork and communication skills that have greatly assisted me in progressing my career. I am currently working in the United States with a range of responsibilities in both quantitative credit risk management, and risk policy formation. My role incorporates both the actuarial techniques I studied, and the application of broader leadership and teamwork skills to formulate policy and communicate risk outcomes to global stakeholders. I could not have proven myself for this international role without the skills and experiences that I obtained during my time at Macquarie University."
"I graduated from Macquarie University in 1984 and am fortunate enough to learn from many industry leaders such as Professor John Pollard, Mr David Knox, Mr Peter Carroll, Professor Ben Zenwirth, Mr David Westcott.
We all know the Macquarie University actuarial course is the first of its kind in the world, but what I really valued from the course is the quality of teaching that I received. Not only are the lecturers the expert in their fields, they put a great deal of thoughts into how the material is delivered. In addition, I had visiting lecturers of great caliber from the industry: for example, Mr Owen Roach taught the life and general insurance course, and Mr David Solomon Superannuation, both are past presidents of the Actuaries Institute of Australia.
My actuarial degree at Macquarie University is a great preparation for the fellowship exams, which is why I could pass my actuarial exams at first attempt. The emphasis that the Macquarie course has on communication is what I need to address the challenges of working as an actuary. As I start my career, I understand why some of our assessment take the form of a presentation, a debate or an essay rather just calculations. Actuaries do need to communicate well.
Since my graduation, the Macquarie course has continued to evolve and innovate; for example, the Control Cycle is first developed here, a concept quickly adopted throughout the world. In my current role as Partner –in –charge at KPMG, I know I can look to Macquarie University for quality actuarial graduates who have a great understanding of the underlying concepts as well as technical skills second to none."