Cooperative Education Program (Co-op)

Cooperative Education Program (Co-op)

Cooperative Education Program (Co-op)

Become an in-demand accounting or actuarial professional and gain practical skills while completing your university degree.

Applications close:

Friday 28 Sep, 2018, 5pm (AEST)

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As a Co-op student, you’ll undertake three placements of three to six months each, over the course of the four-year combined degree. This unique practical experience means you’ll develop in-demand skills such as communication, creativity, ethical practice and entrepreneurial expertise. Your learning will be further enhanced via classroom-based reflective tasks designed to prepare you for the real-world workplace. These competitive combined courses attract high-achieving students with leadership potential, who can demonstrate a genuine interest in the accounting or actuarial professions.

Program features

  • Three work placements totalling 15 months
  • Receive financial support from Co-op partners
  • Explore a range of career options during placements
  • Mentoring and training designed to improve your employability outcomes
  • Combined courses co-created with industry to prepare you for the future of work

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Catherine Buryak, Co-op student

Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice

"I now have the invaluable opportunity to have a work-integrated study pattern allowing me to learn about actuarial roles and gain priceless field experience."

Catherine Buryak, Co-op student

Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice

"I now have the invaluable opportunity to have a work-integrated study pattern allowing me to learn about actuarial roles and gain priceless field experience."

Who you are

Applicants for either course must be:

  • completing or have completed the HSC (or equivalent)
  • active in school and/or community activities
  • able to demonstrate exceptional communication, teamwork, problem solving, innovation, service and leadership skills
  • an Australian/New Zealand citizen or permanent visa holder

Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice applicants must also:

  • show a genuine interest and motivation to enter the actuarial profession
  • be studying or have studied HSC Mathematics Extension 2, or equivalent
  • be expecting or have achieved a minimum selection rank of 98.5, which includes a maximum of 5 Educational Access Scheme adjustment points, if eligible. Students expecting a selection rank of 97 or above are strongly encouraged to apply. No adjustment points (except Educational Access Scheme) will be considered for this requirement

Bachelor of Commerce – Professional Accounting with the degree of Bachelor of Professional Practice applicants eligibility criteria:

  • show a genuine interest and motivation to enter the accounting profession
  • (desirable) have minimum selection rank of 95 - which includes a maximum of 5 Educational Access Scheme adjustment points, if eligible. Students expecting a selection rank of 90 or above are strongly encouraged to apply. No adjustment points (except Educational Access Scheme) will be considered for this requirement
  • (desirable) demonstrate any level of HSC mathematics, or equivalent

How to apply

1

Register online and submit a CV and video

  • register online in our application system
  • submit a one page resume
  • submit a 2 to 3-minute video of yourself. If applying for both Co-op courses, you’ll need to submit one video per course. View this PDF for video application tips.
  • your video must answer the following questions:
    • what is it about Macquarie University, Co-operative Education and either the Actuarial Studies OR Accounting discipline that motivates you to apply?
    • how do you think the actuarial OR accounting profession will evolve over the next 10 years? What factors in the economic, technology and global environments will influence these changes?
    • Co-op is a demanding program and requires a high level of commitment from students. Select one of your academic or extracurricular activities, and tell us how it has prepared you to succeed in a challenging program.

Get in touch with any questions. We’re available Monday to Friday, 8:30am-5:30pm via phone, live chat, email or in person.

2

Supply Academic Reference

If you are completing your HSC (or equivalent) in 2018, your school will be asked to provide an academic reference which includes your date of birth and your most recent HSC (or equivalent) trial results and all your subject rankings (for example, Maths Extension 2, second out of 41 students).

Important: please allow sufficient time for your school to submit the academic reference and trial results. It is your responsibility to ensure that both parts are submitted before the application closing deadline of 5pm (AEST) on 28 September 2018.

If you are not completing your HSC (or equivalent) in 2018, you will be required to submit a 2 to 3-minute video of yourself responding to the same 3 questions outlined in step 1, and submit a one-page résumé and academic reference by the application closing date.

3

Submit application to Macquarie University

Submit your application to Macquarie University by 5pm (AEST), Friday 28 September 2018.

You’ll receive an email confirmation once you have submitted your application.

4

Submit application via UAC

You must also submit your application via UAC by 5pm (AEST), Friday 28 September 2018, selecting the appropriate course below as your highest eligible preference:

  • Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice (300230)
  • Bachelor of Commerce - Professional Accounting with the degree of Bachelor of Professional Practice (300228)

5

Attend interview

If successful in your application to Macquarie University, you’ll be asked to attend a panel interview. Further details for shortlisted applicants are provided in step 6.

6

Check offer advice conditions

If you are successful at the panel interview, you’ll receive a conditional early offer in early December.

You’ll need to satisfy the condition/s as stated in your early offer advice from Macquarie University.

Get in touch with any questions. We’re available Monday to Friday, 8:30am-5:30pm via phone, live chat, email or in person.

Applicant shortlisting

Key dates

  • Friday, 28 September 2018: applications will be assessed after this closing date
  • Friday, 9 November 2018: shortlisted applicants will be contacted for an interview
  • 27-29 November 2018: shortlisted applicants attend interviews

Selection criteria

Co-op students are selected on academic merit and assessment of their interests, qualities and skills. The selection panel will likely include academics and representatives from industry.

The panel will be looking for evidence that:

  • you show a genuine interest and motivation to enter the actuarial or accounting profession
  • you are active in school and/or community activities
  • you demonstrate exceptional communication, teamwork, problem-solving, innovation, service and leadership skills.

To help you prepare for your interview, a 2-hour voluntary Interview Preparation Workshop will be held on Wednesday 21 November 2018 for the Bachelor of Commerce - Professional Accounting with the degree of Bachelor of Professional Practice applicants; and on Tuesday 20 November 2018 for the Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice applicants.

If you are successful at interview, you’ll receive a conditional offer in early December, pending your final selection rank if you are applying for the Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice, and pending you final ATAR (or equivalent admissions rank) results if you are applying for the  Bachelor of Commerce - Professional Accounting with the degree of Bachelor of Professional Practice .


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FAQs

Overview

What will you gain from the program?

You’ll develop professional skills and networks and bring your practical experience back to the classroom to further enhance your studies. This is achieved through three placements combined with on-campus preparatory and reflective practice components. You’ll graduate with practical knowledge, strong professional networks and enhanced employability in your chosen field.

Can I do a double degree with the Co-op program?

As the Co-op program involves undertaking a combined degree it is not possible to undertake a third degree.

Can the program be undertaken part-time?

No, the program must be undertaken on a full-time basis.

If I am accepted into the program, can I defer my place?

No, you are unable to defer your place. If you decide to take a gap year you will need to reapply the following year.

Does the Bachelor of Actuarial Studies with Bachelor of Professional Practice program allow me to gain exemptions from the Actuaries Institute’s professional exams?

The Bachelor of Actuarial Studies with Bachelor of Professional Practice is accredited by the Actuaries Institute and allows you to complete Part I and the university component of Part II of the Actuaries Institute’s professional requirements (subject to your academic performance in the relevant units).

I’m studying for the International Baccalaureate Diploma Programme; can I apply for the Co-op program? 

Yes. Find out more

I’m an Australian citizen or permanent resident studying overseas or interstate; can I apply for the Co-op program? 

Yes. Your interstate or international high school qualification will be considered in the application process.

I’m an international student; can I apply for the Co-op program?

No, to be eligible for the program you must be an Australian citizen or permanent resident, New Zealand citizen or humanitarian visa holder.

I completed my HSC or equivalent prior to 2018, can I still apply for the Co-op program? 

Yes, you can apply for the Co-op program if you meet all the eligibility criteria.

Placements

How many placements will I undertake in the program? 

You will undertake three placements over the course of the four-year combined degree (approximately 15 months in total). One placement is completed over approximately three months; the other two are undertaken for approximately six months each.

When are the placements?

The first placement is for approximately three months at the end of first year (over the summer vacation). The second and third placements are approximately six months each, undertaken throughout third year.

Table-Cooperative-Education

Table-Cooperative-Education

*Placements are indicative timeframes only. Exact placement dates determined in negotiation with sponsor organisations.

Where will I undertake the placements?

At the premises of partners. Each placement is generally undertaken at a different organisation.

What will I be doing while undertaking placements? 

Placements are carefully structured and closely supervised learning experiences that give you the opportunity to put your learning into practice in the workplace. You will undertake activities that align with the learning outcomes of the placement unit, and will be expected to abide by the partner companies’ professional codes of conduct.

Can placements be undertaken part-time? 

It is expected that all placements will be undertaken on a full-time basis.

Am I covered for insurance during my placements? 

Yes, you will be covered by a combination of the University’s and the partner organisation’s insurance cover.

Will I get paid while I’m undertaking a placement?

Bachelor of Actuarial Studies with the degree of Bachelor of Professional Practice students receive their scholarship ($18,200 per annum) via fortnightly instalments while undertaking their vocational placements but they will not be paid by the sponsor organisation.

To learn if your scholarship is tax deductible, Macquarie recommends that you seek advice based on your personal circumstances. You may wish to consult the Australian Taxation Office.

Bachelor of Commerce - Professional Accounting with the degree of Bachelor of Professional Practice students will be paid directly by the partner organisations while they are undertaking their placements. Pay will be set at market rates. Market rates vary by industry and sector. Keep in mind the value of a placement is not primarily in the short-term benefit of remuneration at a particular rate of pay. Some of the many additional longer-term benefits include professional experience in your field, building networks and having the opportunity to explore preferences for organisational size, structure, culture, etc.

To learn if these payments are tax deductible, Macquarie recommends that you seek advice based on your personal circumstances. You may wish to consult the Australian Taxation Office.

How many Co-op places will be offered?

The number of Co-op places offered depends on the number of sponsors supporting each new cohort of Co-op students. This may vary year by year.

Can I accept other scholarships at Macquarie University while receiving this scholarship?

Generally, no, however, there are exceptions. If you have been offered more than one scholarship, contact the Coursework Scholarships and Prizes Unit on +61 (2) 9850 7337 or email csap@mq.edu.au for advice.

Get in touch with any questions. We’re available Monday to Friday, 8:30am-5:30pm via phone, live chat, email or in person.

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