After a rigorous course, graduates of Macquarie University's Department of Actuarial Studies have a potentially lucrative career path awaiting them. Employers of our graduates range from the most important financial institutions in Australia to numerous prominent international organizations prominent on the insurance and banking landscape.
Areas of Employment
Actuaries employed by a life insurance company are responsible for the financial soundness of the company. Among their many areas of responsibility are:
- the design new types of life insurance and superannuation policies;
- the determination of premium and bonus rates using the appropriate mortality and disability tables;
- the analysis of investments and formulate investment policy;
- and the development of computer systems.
- advise on the design and financing of superannuation funds and other employee benefit schemes;
- act for companies which do not employ actuaries;
- carry out financial projections for general insurance and finance companies;
- give statistical and financial advice in many other areas.
Good opportunities for well-paid and challenging careers exist in investment banking, funds management, financial market training and support roles, risk management and stock broking.
