| AQF Level |
Level 7 Bachelor Degree |
| CRICOS Code |
067844B |
| Overview and Aims of the Program |
This double degree is designed to give you practical financial skills and an understanding of the actuarial process. By combining applied finance with actuarial studies you'll deepen your understanding of the financial, mathematical, statistical and economic analysis needed in long term financial management.
In this double degree you'll study economics, accounting and current financial theory. You will learn mathematical techniques particularly useful to actuaries such as probability and statistics. The program has a focus on applying these skills to real financial organisations, markets and instruments. |
| Graduate Capabilities |
The Graduate Capabilities Framework articulates the fundamentals that underpin all of Macquarie’s academic programs. It expresses these as follows:
Cognitive capabilities
(K) discipline specific knowledge and skills
(T) critical, analytical and integrative thinking
(P) problem solving and research capability
(I) creative and innovative
Interpersonal or social capabilities
(C) effective communication
(E) engaged and ethical local and global citizens
(A) socially and environmentally active and responsible
Personal capabilities
(J) capable of professional and personal judgement and initiative
(L) commitment to continuous learning |
| Program Learning Outcomes |
By the end of this program it is anticipated you should be able to:
1. demonstrate knowledge relevant to compound interest theory and practice (K)
2. develop technical skills required to evaluate key theories, concepts and models in contemporary applied finance (K)
3. demonstrate knowledge relevant to compound interest theory and practice (K)
4. demonstrate expertise in the use of contingent payment techniques to determine expected present values (K)
5. demonstrate expertise in the development and application of survival models (K)
6. critically analyse financial data and modelling (T, I)
7. model and critically analyse scenarios involving financial risk (T, I)
8. apply appropriate analytical techniques to decisions, issues and problems in finance (P, J)
9. recommend appropriate solutions to business problems that involve financial risk (P, J)
10. demonstrate an awareness of the effects of global regulatory frameworks on market efficiencies and other innovations in finance (E, A)
11. demonstrate an awareness of ethical issues in a global financial context (E, A)
12. demonstrate an awareness of the challenges facing businesses, and the need for ethical behaviour (E, A)
13. demonstrate communication skills relevant to an appropriate professional environment (C). |
| Learning and Teaching Methods |
Refer to the corresponding entry in the BAppFin and the BActStud. |
| Assessment |
Refer to the corresponding entry in the BAppFin and the BActStud. |
| Recognition of Prior Learning |
Macquarie University may recognise prior formal, informal and non-formal learning for the purpose of granting credit towards, or admission into, a program. The recognition of these forms of learning is enabled by the University’s Recognition of Prior Learning (RPL) Policy and its associated Procedures and Guidelines. For recognition of prior informal and non-formal learning, please refer to the relevant RPL Plan, which describes the evidential requirements and approval processes for recognising prior learning for entry or credit in this program.
For undergraduate RPL plans visit www.goto.mq.edu.au/nonschoolrpl
For postgraduate RPL plans visit www.goto.mq.edu.au/pgrpl |
| Support for Learning |
Macquarie University aspires to be an inclusive and supportive community of learners where all students are given the opportunity to meet their academic and personal goals. The University offers a comprehensive range of free and accessible student support services which include academic advice, counselling and psychological services, advocacy services and welfare advice, careers and employment, disability services and academic skills workshops amongst others. There is also a bulk billing medical service located on campus.
Further information can be found at www.students.mq.edu.au/support/
Campus Wellbeing contact details:
Phone: +61 2 9850 7497
Email: campuswellbeing@mq.edu.au
www.students.mq.edu.au/support/health_and_wellbeing/contact_us |
| Program Standards and Quality |
The program is subject to an ongoing comprehensive process of quality review in accordance with a pre-determined schedule that complies with the Higher Education Standards Framework. The review is overseen by Macquarie University's peak academic governance body, the Academic Senate and takes into account feedback received from students, staff and external stakeholders. For additional information, refer to the corresponding entry in the BAppFin and the BActStud. |
| Graduate Destinations and Employability |
Career opportunities exist in the fields of:
• life, general or health insurance
• superannuation
• banking and finance
• funds management
• investment
• risk management
• public Sector: Australian Prudential Regulation Authority, Australian Taxation Office
• wealth management
• energy and environment
• management
• non-traditional areas such as IT, e-commerce, climate change.
Employers:
• life insurance companies
• general insurance companies
• health insurance companies
• actuarial and superannuation consulting firms
• banks and funds managers
• accounting firms. |
| Assessment Regulations |
This program is subject to Macquarie University regulations, including but not limited to those specified in the Assessment Policy, Academic Honesty Policy, the Final Examination Policy and relevant University Rules. For all approved University policies, procedures, guidelines and schedules visit www.mq.edu.au/policy. |
| External Benchmarks |
Refer to the corresponding entry in the BAppFin and the BActStud. |
| Accreditation |
This is an Australian Qualifications Framework (AQF) accredited qualification.
The Actuaries Institute is the professional body of actuaries in Australia, and conducts a 3-part exam process and a Professionalism Course. After completing these requirements a graduate is a fully qualified actuary (FIAA).
The actuarial degree is accredited by the Actuaries Institute. This means that if you complete the three year Bachelor of Actuarial Studies with grades of credit or above in the relevant units in the program you are granted exemption from Part 1 of the Actuaries Institute's professional exams. If you complete a four-year double degree involving actuarial studies with grades of credit or above in the relevant units you are granted exemption from Parts 1 and 2 of the Actuaries Institute's professional exams. |
