Master of Actuarial Practice
4.1 /5
- Public University
Faculty of Science
Talk to ExpertMaster of Actuarial Practice at Macquarie University Overview
Master of Actuarial Practice
at Macquarie University
The Macquarie University offers a really good Master of Actuarial Practice program at the PG level, which lasts for 2 years. To get admission to the program, students must meet the requirements for the course which include having a valid score on tests like IELTS, TOEFL and PTE. The Macquarie University tuition fee for the first year of the Master of Actuarial Practice is AUD 39,900 (INR 2,729,958). Also, the students should budget well for living expenses, which has:
- Accommodation (rent or hostel)
- Food
- Books
- Other important utilities
Duration | 2 years |
Tuition & Fees | ₹26.56 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Actuarial Practice
Table of contents
Master of Actuarial Practice at Macquarie University Fees
Master of Actuarial Practice
at Macquarie University
The fee breakup of the Macquarie University Master of Actuarial Practice includes the first-year tuition fee and cost of living. The cost of living will include expenses like rent for accommodation, meals, and other utilities. The first-year tuition fees Master of Actuarial Practice is AUD 39,900 (INR 2,729,958). Students must note that the total expenses are subject to vary, depending on the additional charges set by the Macquarie University. Students can check the table given below to know more about Macquarie University Master of Actuarial Practice fee breakup.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 26,56,370 |
Calculated at the exchange rate of 1 AUD = INR 66.57569 | Tuition & expenses were last updated on 3ʳᵈ December 2025Download exam sample paper
IELTS
IELTS
TOEFL
PTE
Master of Actuarial Practice at Macquarie University Entry Requirements
Master of Actuarial Practice
at Macquarie University
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 57%
- Read lessApplicants require an AQF level 7 bachelor's qualification or recognised equivalent, which must include at least one unit of Mathematics covering calculus and linear algebra. Accepted backgrounds include Actuarial studies, Mathematics, Statistics, or Risk Management, or having passed professional exams from the Actuaries Institute or the UK Institute and Faculty of Actuaries.
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GPA
Percentage
CGPA
Out of 4
TOEFL
- Marks - 83/120
- Read less
- with a minimum score of:
- Reading: 13
- Writing: 21
- Listening: 12
- Speaking: 18
-
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- with a minimum score of:
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Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
PTE
- Marks - 58/90
- with a minimum score of:
- Reading: 50
- Writing: 50
- Listening: 50
- Speaking: 50
- with a minimum score of:
IELTS
- Marks - 6.5/9
- Read less
- with a minimum score of:
- Reading: 6.0
- Writing: 6.0
- Listening: 6.0
- Speaking: 6.0
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
- with a minimum score of:
Sign-up to view details
Master of Actuarial Practice at Macquarie University Rankings
Master of Actuarial Practice
at Macquarie University
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #151 | |
| #201 | |
| #201 |
Master of Actuarial Practice at Macquarie University Placements
Master of Actuarial Practice
at Macquarie University
| Particulars | Statistics (2022) |
|---|---|
| Internship Available | Yes |
Macquarie UniversityStudents Ratings & Reviews
4.1/5
24 Verified ReviewsStudent Views (Based on Reviews)
- 57% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Multi-dimensional
Fun loving
Internships3.7
Part time work4
Post study jobs3.9
Quality of faculty4.3
Student Life4.2
Value for money4
Public transportation4.5
Safety4.8
Indian Food3.9
Permanent Immigration3.6
A
Anonymous
Master of International Business - Batch of 2025
4.2
Independent and self-directed learning.
Tips: Students should come prepared for independent, self-directed learning. MQBS rewards proactive students. Attend industry events, use Career Hub, and build relationships with the faculty. I received the India Early Applicants Scholarship worth AUD20,000. I did not have to apply for it separately as it was merit based. Honesty, I was very satisfied with my experience there. The MIB course is rigorous yet applicable, and Australia as a country offers safety, multiculturalism and opportunity.
Likes (Value for money): I felt that the tuition fees are justified. The MIB programme at MQBS sits within a QS-ranked institution with a strong link to the industry. The curriculum is practically oriented, interacting real world case applications. Beyond academics, there are a multitude of clubs and programs that offer real world experience.
Dislikes (Permanent Immigration): Australia offers structured pathways to permanent residence, but the reality for international students is increasingly challenging. The chances of getting PR without State or employer sponsorship are very low. On whether I'd like to permanently immigrate, my answer is no. It does not align with my long term goals.
Total Monthly ExpenseAUD 3000
Prepping time for classes24 hours/Week
Expected Annual SalaryAUD 77500
A
Anonymous
Master of Data Science - Batch of 2025
4.7
Challenging but rewarding.
Tips: Students should know that adapting to this college takes, especially due to the multicultural environment and different academic styles. Initially the transaction can feel challenging because of cultural differences and learning. The experience is enriching.
Likes (Indian Food): There are many restaurants offering Indian food at a reasonable price. The taste is close to home. With great quality and variety. I enjoy both eating outside and cooking. As all ingredients are easily available in the nearest Asian shop.
Dislikes (Post study jobs): Most of the companies required employees who are citizens or have PR. It's not hard to find a job but the terms and conditions of the company are quite difficult to complete. Finding a visa is possible but getting the experience and visa rules is difficult.
Total Monthly ExpenseAUD 6000
Prepping time for classes30 hours/Week
Expected Annual SalaryAUD 80575
A
Anonymous
Master of Business Analytics - Batch of 2026
4.5
Good opportunities and growth.
Tips: The transition was quite smooth. Macquarie has a very inclusive and diverse environment, and professors are approachable. The teaching style is more interactive compared to India with a lot of teamwork, case studies and class discussions. The cultural shift mainly comes from learning to be more independent and proactive, but you adjust quickly because everyone supportive. I got the basic scholarship of AUD 20000. It is given to all the Indian students.
Likes (Student Life): There are lots of places to chill, study and eat. I get to meet new people every day which helps me get to know about their culture. I have joined the table tennis club, squash club and Indian Society. Lots of events are organised in the university often.
Dislikes (Value for money): The curriculum of my course is very practical as they are teaching us all the software which are used in the corporate world. Guest lecture from different big companies comes often to share their experiences and also the faculty is very supportive.
Total Monthly ExpenseAUD 1900
Prepping time for classes18 hours/Week
Expected Annual SalaryAUD 80000
H
Hancia Paul Crasta
Master of Biotechnology - Batch of 2025
4.1
Once in a lifetime experience.
Tips: It definitely was a bit difficult initially like the way everything was electronically like assignments, lectures and so on, but I received equal help from everyone at every step. This university made sure I was aware about this country and how everything works since most of us were international students who came to Australia for the first time. I received a 10,000 scholarship and every university has some scholarships that they let u know when u receive the confirmation letter. Lack of job opportunities but this country is fabulous.
Likes (Indian Food): There are ample of Indian restaurants, cafes and various small street food corners especially in Indian community localities. They are slightly expensive if u compare them with INR but it's better than nothing. Since I love cooking, I prefer home cooked meals. Only occasionally I visit restaurants.
Dislikes (Value for money): I feel it's slightly expensive compared to other university in different cities. A degree can open doors to better jobs and a potential higher salary, the actual success in securing these opportunities might not be fully realized by the University boards, making this investment feel less certain. If the university would have provided strong career support or direct industry connections, the financial investment may feel fully justified rather than partial.
Total Monthly ExpenseAUD 2000
Prepping time for classes25 hours/Week
Expected Annual SalaryAUD
A
Anonymous
Master of Information Technology in Cyber Security - Batch of 2025
3.9
The college is easy going, helpful, and welcoming.
Tips: Transition was a bit tough at the start. There was a cultural shift as well. I also got a scholarship from the university. The university is good at welcoming international students.
Dislikes (Internships): Currently, the internships are very limited and in limited sectors, specifically, it depends from university to university. To get internships, you must focus on the WAM (Weighted Average Mark), which should be at least 70 or more to get an internship.
Total Monthly ExpenseAUD 4625
Prepping time for classes23 hours/Week
Expected Annual SalaryAUD
View All 28 Reviews
Master of Actuarial Practice at Macquarie University Highlights
Master of Actuarial Practice
at Macquarie University
- Master of Actuarial Practice is offered by the Faculty of Science under Macquarie University, Australia
- In the professionally accredited Master of Actuarial Practice, students will learn how to apply mathematical, statistical, economic, and financial analysis to a range of practical problems in long-term risk management, finance, and insurance
- Students will undertake a wide range of units in actuarial science, economics, finance and statistics
Master of Actuarial Practice at Macquarie University Important Dates
Master of Actuarial Practice
at Macquarie University
Feb 22, 2027
Course Commencement Date (Summer)
Jul 26, 2027
Course Commencement Date (Winter)
Master of Actuarial Practice at Macquarie University Scholarships
Master of Actuarial Practice
at Macquarie University
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Master of Actuarial Practice at Macquarie University Contact Information
Master of Actuarial Practice
at Macquarie University
Address
Balaclava Rd, North Ryde New South Wales 2109
Australia
Sydney ( New South Wales)
Phone
+61 (2) 9850 1007
(For general query)
+61 2 9850 7346
(For admission query)
Email
ask@mq.edu.au
(For general query)
futurestudents@mq.edu.au
(For admission query)
Go to College Website ->