Bachelor of Actuarial Studies with Professional Practice (Honours)

Overview The course is designed to prepare students with solid quantitative skills and technical groundings for applications in a wide range of practical problems involving financial consequences of risky events.

It provides an opportunity to obtain exemption from the foundation level professional exams of the Australian Actuaries Institute and the UK's … For more content click the Read More button below.The course is designed to prepare students with solid quantitative skills and technical groundings for applications in a wide range of practical problems involving financial consequences of risky events.

It provides an opportunity to obtain exemption from the foundation level professional exams of the Australian Actuaries Institute and the UK's Institute and Faculty of Actuaries.

The course also offers students the opportunity to participate in Macquarie's cooperative education program (Co-op).

Students will alternate between classroom studies and workplace experience in the form of three work placements of three to six months each throughout their course to develop professional skills and networks across different workplace settings and use their practical experiences in the classroom.Read More

About inherent requirementskeyboard_arrow_down

Inherent requirements are the essential components of a course or program necessary for a student to successfully achieve the core learning outcomes of a course or program. Students must meet the inherent requirements to complete their Macquarie University course or program. For more information see https://students.mq.edu.au/study/my-study-program/inherent-requirements. Inherent requirements for Macquarie University programs fall under the following categories:

Physicalkeyboard_arrow_down

The physical inherent requirement is to have the physical capabilities to safely and effectively perform the activities necessary to undertake the learning activities and achieve the learning outcomes of an award.

Cognitionkeyboard_arrow_down

The inherent requirement for cognition is possessing the intellectual, conceptual, integrative and quantitative capabilities to undertake the learning activities and achieve the learning outcomes of an award.

Communicationkeyboard_arrow_down

The inherent requirement for communication is the capacity to communicate information, thoughts and ideas through a variety of mediums and with a range of audiences.

Behaviouralkeyboard_arrow_down

The behavioural inherent requirement is the capacity to sustain appropriate behaviour over the duration of units of study to engage in activities necessary to undertake the learning activities and achieve the learning outcomes of an award.

Fitness to practicekeyboard_arrow_down

The Bachelor of Actuarial Studies with Professional Practice (Honours), also referred to as the Actuarial Studies Co-op, is a professional course with Fitness to Practice requirements. Therefore, student enrolment in this course is governed by both the Academic Progression policy and General Coursework Rules 9 and 10. The General Coursework Rules may supersede the Academic Progression Policy. The Actuarial Studies Co-op includes embedded placements and other mandated requirements, which are covered by the Academic Progression Policy’s Fitness to Practice Procedure. Students must maintain a WAM of at least 70 out of 100 throughout the course and attain a minimum mark of 65 on all units approved for exemption from the Foundation and Actuary Program examinations of the Actuaries Institute in Australia. While undertaking placements students are required to demonstrate they are fit to practice and meet any requirements specified in Unit Guides. If a student’s WAM falls below 70 but remains above 65 at any point, they will have the opportunity to raise their WAM to 70 or greater in the next session. If unsuccessful, the student will be excluded from the Actuarial Studies Co-op. If a student’s WAM falls below 65 at any point, they fail any unit, or they attain a mark below 65 on a unit approved for exemption from the Foundation and Actuary Program examinations of the Actuaries Institute in Australia, they will be immediately excluded from the Actuarial Studies Co-op. Students in fourth year may apply for a waiver from this rule from the Head of Department of Actuarial Studies and Business Analytics to avoid exclusion. Students excluded from the Actuarial Studies Co-op will have scholarship payments discontinued and will be unable to re-apply. Fitness to Practice Requirements must be met to achieve the course learning outcomes. Fitness to Practice for Co-op is demonstrated across three domains: Behaviour: Students are required to conduct themselves in a professional manner at all times both in the classroom and on placement and reflect the behaviours, ethics and attitudes expected of the profession interpreted for the student context. Cognition: Students must demonstrate an appropriate level of knowledge and understanding both in their discipline and in professional practice consistent with the Bachelor of Professional Practice (or other course if relevant) fitness to practice standards Communication: Students must demonstrate communication skills consistent with professional standards interpreted for the student context. Students identified at risk of not meeting these requirements will be notified, provided with support and monitored to assist them in achieving the course and/or placement requirements. Students who do not meet Fitness to Practice requirements will be excluded from the Course and unable to re-apply. As stated in General Coursework Rule 10(7), a student who fails a required unit twice in an undergraduate professional course listed in Schedule 2 may be excluded from that Course and unable to re-apply. In cases of exclusion, students will still be able to continue with another degree Course provided they meet the academic progression requirements of the Academic Progression Policy.