Information About

Information For

Department of Actuarial Studies

Master of Commerce in Actuarial Studies

Course Type:	Postgraduate Coursework Degree
Award:	MCom - Master of Commerce
More Information:	Department of Actuarial Studies
Study Pattern Code:	ACTL01P

Key Features

The MCom in Actuarial Studies is suitable for graduates who hold a bachelor degree in actuarial studies or equivalent professional qualifications. The program is structured to allow students to complete Part 2 of the Institute of Actuaries of Australia professional qualifications as part of the degree. Students are also able to complete further specialised study in actuarial and related areas including statistics, finance and economics.

Suitable For

Graduates who hold a bachelor degree in actuarial studies or equivalent professional qualifications. The program will also be of interest to practicing actuaries who wish to update their knowledge and skills in the areas of study covered.

Career Opportunities

Financial advising to governments and a wide range of commercial organisations such as life, general (non-life), health insurance companies, superannuation funds, banks, funds managers, stockbrokers and other finance and investment sector companies.

Requirements

Entry Requirements:	Bachelor degree in actuarial studies from a recognised university with a GPA of at least 2.70 out of 4.00 or equivalent professional actuarial qualifications. The MCom in Actuarial Studies does not require prior work experience for admission.
Course Quota:	No
Work Experience Requirements:	No
English Language Requirements:	English proficiency is required at IELTS 6.5 or TOEFL 580. More information can be accessed from English Language Requirements.
Domestic Students:	Apply through the Universities Admissions Centre. Application forms are also available through Macquarie University's Postgraduate Studies Section. Fees
International Students:	Apply through Macquarie International. Fees

Course Details

Minimum Course Duration:	1 Year
Location:	North Ryde
Course Commences:	Semester 1 (March), Semester 2 (July)
Study Options:	Full-time Part-time Some units are offered on an external basis
Course Credit Point Value:	32
Enquiries:	For academic enquiries, please contact: Tim Kyng Department of Actuarial Studies Faculty of Business and Economics Building E4A, Level 6, Room 614 Macquarie University NSW 2109 Telephone: (61 2) 9850 7289 Fax: (61 2) 9850 9481 For general enquiries, please contact: Business and Economics Graduate Centre Faculty of Business and Economics Building E4A, Level 2 Macquarie University NSW 2109 Telephone: (61 2) 9850 8526 Fax: (61 2) 9850 9956 Email: busgrad@efs.mq.edu.au
Notes:	Please note that a student's specialisation in Actuarial Studies will not be stated on their testamur (graduation certificate) but it will be included on their academic transcript.

Structure of the Course

The MCom in Actuarial Studies requires completion of eight units. Each unit is a full-semester unit (160 hour workload) carrying four postgraduate credit points. The MCom degree is earned when 32 credit points have been completed. The program can be completed in 12 months of full-time study or longer by part-time study.

Accreditation

Completion of ACST831 and ACST832 as part of the MCom exempts students from Part 2 of the Institute of Actuaries of Australia professional qualification requirements.

Advanced Standing

Students who have passed ACST831 and ACST832 (or equivalent units at another Australian university) prior to enrolment in the MCom in Actuarial Studies will be granted advanced standing of eight credit points (two units), provided ACST831 and ACST832 (or their equivalent) have not been counted as credit toward an undergraduate degree.

PLEASE NOTE: It is essential that students refer to degree rules and official unit sequences in the University handbook to ascertain their official study program. The university calendar can be found at: http://handbook.mq.edu.au.