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QS Rank:

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133

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Macquarie University Sydney Australia

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New South Wales

Australia

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Program Rank

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75

The Bachelor of Actuarial Studies at Macquarie University, a Centre of Actuarial Excellence, provides a robust foundation in applying mathematical, statistical, economic, and financial analysis to complex problems in long-term risk management, finance, and insurance. This program is accredited by the Actuaries Institute, offering students a pathway to professional recognition and exemptions from foundational examinations, preparing them for a dynamic career in the actuarial field.
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Duration

36 Months

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Median Salary

$58,000

Ranking

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#195

The World University Rankings

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#133

QS World University Rankings

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Intake

Fall ( Sept - Nov )

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Intake

Spring ( Apr - June )

Class Profile

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Class Size

100

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Average Age

20

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Average Work Experience

0 Years

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International Students

28

Career Outcomes

Graduates of the Bachelor of Actuarial Studies program are well-prepared for careers in long-term risk management, finance, and insurance, leveraging their strong analytical skills. The program's professional recognition by the Actuaries Institute enhances career prospects, with many graduates finding roles in top firms. Macquarie University graduates average AUD 78,000 annually, with a high job placement rate.
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Median Earnings After Graduation

$58,000 / year

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Job Placement

83%

Prospective Job Roles

Underwriter

Actuary

Risk analyst

Fund manager

Insurance analyst

Claims adjuster

Examiner or investigator

Insurance specialist

Pricing or marketing actuary

Superannuation consultant

Top recruiters

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Eligibility Criteria

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At least 60 / 100 undergraduate GPA is expected.

English Proficiency Tests

  • PTE

    58

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  • IELTS

    6.5

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  • TOEFL

    83

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  • Cambridge

    180

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  • Duolingo

    115

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Application Requirements

Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

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    Transcript

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    Resume

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    English Proficiency Test

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    Passport

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    Academic LOR

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    Resume

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    General LOR

Application Deadlines

FinalRegular
SpringMar 8, 2027N/AMar 1, 2026
FallN/AFeb 10, 2027N/A
WinterN/AN/AFeb 6, 2026
SummerN/AN/AJul 1, 2026

Fees and Funding

Tuition figures are for international students. Cost of living is an estimated average for a student in Sydney, Australia.
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Tuition Fees

$46,900 / year

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Overall Cost

$68,900 / year

Funding Options

Scholarship

Scholarships

Actuarial Excellence Grant (AUD 2,500) - Merit-based grant for eligible high-achieving undergraduate domestic and international students in the Bachelor of Actuarial Studies (single or double degree). Assessed based on Selection Rank (ATAR between 97.00 and 97.95 or equivalent).; Vice-Chancellor's International Scholarship (AUD 10,000) - For high-performing international students.; Asylum Seeker Fee Waiver Sponsorship - Covers 100% of total tuition fees for eligible individuals.; Faculty of Science and Engineering Women in STEM Scholarship (AUD 5,000) - For female-identifying students in Science, IT, or Engineering.; India $10,000 Early Acceptance Scholarship - UG (USD 10,000) - For undergraduate students from India.; Macquarie University $5,000 Regional Scholarship (USD 5,000); Co-operative Education Program Scholarship (USD 21,000) - For students in the Bachelor of Actuarial Studies with Professional Practice (Honours), includes a paid industry placement.
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    Vice-Chancellor's International Scholarship

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    Asylum Seeker Fee Waiver Sponsorship

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    Faculty of Science and Engineering Women in STEM Scholarship

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    India $10,000 Early Acceptance Scholarship - UG

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    Actuarial Excellence Grant

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    Macquarie University $5,000 Regional Scholarship

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    Co-operative Education Program Scholarship

FAQs

  • A student can complete Actuarial Studies at Macquarie University, Sydney with in 36.
  • The annual tuition fee to pursue Actuarial Studies at Macquarie University, Sydney is AUD 40800.
  • The submission of these scores mainly depends on the type of degree/ course selected at the Macquarie University, Sydney. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check Macquarie University, Sydney requirements before submitting a score.
  • Actuarial Studies can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
  • If a student fulfils all the eligibility criteria and admission requirements of Macquarie University, Sydney, they can easily pursue Actuarial Studies. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
  • An MS degree at Macquarie University, Sydney can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official Macquarie University, Sydney website to check the course/ degree duration.
  • One can apply for scholarships to pursue their international education at Macquarie University, Sydney by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.

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