Department of Applied Finance and Actuarial Studies
Macquarie has delivered quality actuarial programs for over 40 years and supplied the actuarial profession with over 1,000 graduates. Our courses have resulted in the Institute of Actuaries of Australia choosing Macquarie University as a Centre of Excellence.
We offer outstanding courses and rigorous research opportunities across the financial sector. We attract researchers with outstanding reputations and track records, who also work with industry and regulators with a goal to enhance stability throughout the financial sector.
We adhere to Macquarie’s Learning and teaching strategic framework. For support in using our teaching tools such as iTeach and iLearn, see Macquarie’s teaching technologies and tools page. If you are having technical problems, raise a One-Help ticket to get assistance from the IT department.
Head of Department
Professor David Pitt
David Pitt completed his Bachelor of Economics (Actuarial Studies) and Bachelor of Science (Statistics) degrees at Macquarie University in 1997 with a scholarship from the AMP. After graduation, David worked with the AMP as an actuarial analyst for two years, specialising in the pricing and valuation of both personal and commercial lines of general insurance business. In addition to working at AMP, David also completed the requirements for Fellowship of the Institute of Actuaries of Australia. David then returned to academia.
He was one of two foundation lecturers in the ANU Actuarial Studies program from 2000 until 2004. During this time, he completed his PhD in Actuarial Studies, specialising in the use of modern statistical methods in the analysis of disability income insurance portfolios. From January 2005 until June 2010, David worked in the Centre for Actuarial Studies at the University of Melbourne. He joined the Department of Actuarial Studies at Macquarie University as Associate Professor in July 2010 and was appointed Professor in December 2015.
David is a very dedicated teacher and has been won numerous teaching awards during his career including the Vice Chancellor's Award for Teaching Excellence from the ANU in 2003, a national citation for outstanding contributions to student learning from the Australian Learning and Teaching Council in 2009 and a Dean's Excellence Award in 2012.
Research and funding
Research within the Department of Applied Finance and Actuarial Studies is very active investigating specific issues relevant to the field such as:
- Financial risk
- Risk estimation and management
- Actuarial forecasting
- Behavioural finance
- Analysis and modelling of demographic trends
- Modelling, analysis and forecasting of mortality
- Private wealth management
The Faculty of Business and Economics Research Office can help you with research-related questions, and should be your first point of contact. Further information can be found on Macquarie’s research web pages, including information on grants and funding.
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