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Macquarie University

Actuaries analyse and manage the financial consequences of risky events. All sorts of risks: Risk of Death / Sickness, Natural Hazards (cyclone, earthquake, and bushfire) Financial Risks (shares, bonds, exchange rates). Actuaries analyse and manage the risks of financial contracts, insurance and retirement funds. They also help manage and control financial institutions. Actuaries relate numbers to real life. In this actuarial studies degree students will learn to conduct mathematical, statistical, economic and financial analysis to a range of practical problems faced in long-term financial planning and management. This course provides a comprehensive understanding in not only actuarial studies but also in economics, accounting, mathematics, statistics and finance to the students.
Good knowledge of Mathematics.
Gaining of knowledge related to Techniques and Elements of Finance, Introduction to Actuarial Studies, Mathematics IB (Advanced), Statistical Data Analysis, Mathematics IA, Mathematics of Finance, Combinatorial Probability, Contingent Payments, Statistics, Probability, Actuarial Modelling, Survival Models are the concepts included as major parts in this course.
Students are eligible to this course if they have Advanced knowledge of mathematics (HSC Mathematics Extension 1 band E4, or international equivalent).
This course is accredited by the Actuaries Institute.
Students of this course will have career opportunity in Banking and Finance, Energy and Environment, Funds Manager, General and Health Insurance, Insurance Analyst, Investment, Life, General or Health Insurance Actuary, Management, Risk Management, Superannuation Consultant.
March
IELTS - overall score of 7.0 Band, TOEFL - 600/ equivalent
29733
3 Years