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Join the risk-taking elite
Macquarie University’s actuarial studies graduates include a winner of the Business Review Weekly Student of the Year award, a Rhodes Scholar, and three past Presidents of the Institute of Actuaries in Australia. They work all over the world, in Singapore, Kuala Lumpur and Hong Kong, in Europe and North America. Women are strongly represented in their ranks. “Very often the people who make decisions about who to hire or fire in the industry are Macquarie graduates,” says Tim Kyng, a lecturer in the Department of Actuarial Studies at Macquarie who came to the University after roles in government, banking and insurance. Recent graduates have jobs with software providers including developing financial models for the life insurance market; in mergers and acquisitions in the United States; directing strategy and supply chain consultancies; and roles in financial services and consulting. What actuaries do Actuaries analyse and manage the risks of financial contracts, insurance and retirement funds. They are involved in the management and control of financial institutions. As the insurance, finance and investment sectors have become more technically sophisticated, there are increasing opportunities for work in life insurance, superannuation, investment banking, funds management, financial markets training and stock-broking. How to increase your skills One-third to one-half of all qualified actuaries in Australia are Macquarie graduates. The University has been teaching in the area for longer than any other university in Australia, and its courses have an international reputation. To prepare students for the best jobs, Macquarie offers the Master of Commerce in Actuarial Studies and the Master of Commerce in Business. Both are designed for those who are already graduates in actuarial studies, or have completed Part I of the subjects required by the Institute of Actuaries. The courses include units in statistics, finance and economics, and the specialised units that are required for Part II of the professional qualifications. “Many of our graduates work in the financial services industry, and our postgrad program offers just the right sort of background,” says Kyng. Other career options Beyond the high-paying industry jobs, some 2 per cent of graduates work in education, such as Kyng’s position at the University. He says he likes the variety of available work, and the autonomy his job offers. “At the University, I’ve got a lot more freedom and flexibility about when I work. I can do it at home, and wear what I like,” he says. For further information, contact Tim Kyng at tkyng@efs.mq.edu.au The Department of Actuarial Studies website is at www.actuary.mq.edu.au and news of the starry careers of recent graduates can be found at www.actuary.mq.edu.au/graduates
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Important Dates
Coursework
16 Dec 2005
FINAL closing date for external distance applications for first half year 2006
13 Jan 2006
FINAL closing date for internal/on-campus applications for first half year 2006
Research
8 Dec 2005
Closing date for further applications to research programs for first half year 2006
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