Master of Actuarial Practice (CRICOS course code 083775K) is a Masters Degree (Coursework) delivered by Macquarie University (Macquarie) over 2 years. This AQF Level 9 program sits within the field of Insurance and Actuarial Studies (081103), a specialized area of banking, finance, and related fields. As a CRICOS-registered course at a government university (CRICOS 00002J), it meets Australian standards for international student enrolment. Macquarie University is located at the Wallumattagal Campus in North Ryde, Sydney, New South Wales. With over 1,500 CRICOS-registered providers and 26,000+ courses across Australia, this course offers a pathway to a career in actuarial analysis, risk management, and financial modeling. Tuition is indicative at A$95,700, with non-tuition fees of A$746, bringing the estimated total to A$96,446. Note that Overseas Student Health Cover (OSHC), living costs, and visa charges are additional. All data is sourced from the official CRICOS register as at April 2026. HeadStart Academy is a free resource – no commissions or referral fees – helping you navigate study in Australia with confidence.
The Master of Actuarial Practice (083775K) is a 2-year, full-time master's degree by coursework. As a CRICOS-registered course, it is approved for international student enrolment under the ESOS Act, providing legal protections including tuition assurance. Macquarie University, a public research university, has been educating students since 1964 and is widely recognized for its actuarial programs. The course focuses on developing advanced skills in actuarial modeling, data analysis, and risk assessment, preparing graduates for professional accreditation. Sydney, home to over 250,000 international students, offers a vibrant multicultural environment with excellent public transport to the North Ryde campus. The campus is well-connected via the Sydney Metro and bus services.
This course falls under the field of Insurance and Actuarial Studies (081103), part of Management and Commerce. Students typically learn advanced mathematical and statistical techniques applied to finance and insurance. Topics may include probability, stochastic processes, financial mathematics, and actuarial modeling. Graduates are prepared for roles in actuarial consulting, insurance underwriting, and investment analysis. While specific curriculum details vary, the CRICOS registration ensures the program meets Australian quality standards. The AQF Level 9 designation signifies a master's degree that builds on prior undergraduate study or professional experience.
According to the CRICOS register, the Master of Actuarial Practice has a duration of 2 years (104 weeks) of full-time study. The language of instruction is English. This is a single qualification only – no dual degree or embedded foundation program. Students must complete the course within the specified duration, though extensions may be possible under certain conditions. Macquarie University typically offers a standard academic year of two semesters, with possible accelerated options. International students should maintain full-time enrolment to satisfy visa conditions.
Tuition fees for this course are indicative at A$95,700 total for the full 2 years, as sourced from the CRICOS register. Non-tuition fees, which may include student services and amenities, are estimated at A$746. The estimated total is A$96,446. Please note that these fees are set by Macquarie University (Macquarie) and subject to change – always confirm with the institution. Additional costs not included: Overseas Student Health Cover (OSHC), which is mandatory for student visa holders, living expenses (e.g., accommodation, food, transport), and the visa application charge. For context, living costs in Sydney are typically around A$20,000 to A$25,000 per year, with weekly rent averaging A$300–500. Visit the provider's website for the most current fee schedule and any scholarships available.
English language proficiency is required, typically an overall IELTS score of 6.5 to 7.0 (with no band below 6.0) or equivalent. Prior qualifications expected for this level include a recognized bachelor's degree in a relevant field such as mathematics, statistics, or finance. Some programs may require prior actuarial coursework or a minimum GPA. Macquarie University may offer pathway or foundation options for students who do not meet direct entry requirements – refer to the provider's website for details. Meeting entry requirements does not guarantee admission; the institution assesses each application individually.
This course does not include a mandatory work component. There is no internship, placement, or work experience requirement as part of the curriculum. However, international students on a Student Visa (Subclass 500) are permitted to work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks, subject to visa conditions. This flexibility allows students to gain local work experience while studying.
The Master of Actuarial Practice is delivered exclusively at Macquarie University's Wallumattagal Campus at North Ryde, NSW. This is the main campus of Macquarie University, located approximately 15 kilometers northwest of Sydney's central business district. The campus is accessible via the Sydney Metro (Macquarie University station) and several bus routes. Sydney is Australia's largest city, home to over 5 million people and a major hub for finance and insurance industries. North Ryde is part of the Macquarie Park innovation district, which hosts numerous corporate headquarters and offers networking opportunities for students.
International students enrolling in this CRICOS-registered course are eligible to apply for a Student Visa (Subclass 500). Key requirements include: genuine temporary entrant (GTE) criterion, proof of financial capacity to cover tuition, living costs, and OSHC, and enrollment in a full-time course. OSHC must be purchased for the duration of the visa. Work rights: 48 hours per fortnight during term, unlimited during scheduled breaks. Dependents may also have work rights. It is important to comply with visa conditions to avoid cancellation. HeadStart Academy is not a migration agent; for visa advice, consult a MARA-registered agent or the Department of Home Affairs.
Follow these three steps to apply for this course: 1. Research CRICOS-registered providers: Use HeadStart Academy to filter courses by level, field, and location. Confirm the course (CRICOS 083775K) is offered by Macquarie University (CRICOS 00002J). 2. Apply directly to your chosen institution: Visit Macquarie University's website (www.mq.edu.au) to review entry requirements, English language test scores, and application deadlines. Submit your application online with all required documents. 3. Receive your Confirmation of Enrolment (CoE) and apply for your Student Visa (Subclass 500): Once accepted, you will receive a CoE. Use this to apply for your visa through the Department of Home Affairs. Ensure you meet health and character requirements.
New South Wales, particularly Sydney, is a leading destination for actuarial studies in Australia. The state hosts multiple CRICOS-registered providers offering actuarial programs, including Macquarie University, known for its strong industry links. Sydney's financial district offers internship and employment opportunities in insurance, banking, and consulting. The cost of living is higher than other Australian cities, but the multicultural environment and quality of education are major draws. Students can access support services, including academic assistance and career counseling, at Macquarie University. The ESOS Act protects your tuition fees and provides a complaints process. Always verify course details on the official CRICOS register.
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Master of Actuarial Practice is a CRICOS-registered programme at Macquarie University (Macquarie). Use this register extract [CRICOS register, Apr 2026] to cross-check codes, duration and indicative fees before you apply.
This page is general information only and not migration advice. Confirm Student visa (Subclass 500) requirements with the Department of Home Affairs.