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Actuarial science, commerce and business data analytics: Which program is right for you?

It is estimated that the average person makes about 35,000 decisions each day. Some of them are little questions:

Small or large coffee? What should I watch on Netflix – or should I watch Stan instead? Do I snooze my alarm, or get out of bed?

Some decisions are so small that we’re not consciously aware of them.

But then there are the big questions, like what should I study at university?

In 2020, we have never had so many options - including university courses. Bond Business School offers a range of programs suited to aspiring number crunchers, entrepreneurs, analysts and business leaders.

They’re all business courses, but they cover different parts of business, and we’re here to help you decode the degree name and find the right one for you.

Do you love maths? Solving puzzles? The Bachelor of Actuarial Science (CRICOS 083205M) could be for you.

Actuarial Science is the most mathematically based degree offered by Bond Business School.

Its foundation is in theoretical maths skills – especially probability theory - but Actuarial Science is about using maths as a mode of thinking and being able to discern which theory of maths to apply to certain situations.

Actuaries are most well known for their involvement in insurance and superannuation, but actuaries exist in any business where quantitative risk is involved. For example, actuaries could find employment anywhere from the treasury, through to investment banking, hedge funds, or mergers and acquisitions.

Maths B is a compulsory entry requirement for this degree.

As the name suggests, the Bachelor of Business Data Analytics (CRICOS 0101005) focuses on the application of data to drive better business outcomes.

Data analysts or data scientists use data to predict the likely outcome of a situation, using data science to maximise profits and improve business efficiencies.

Data scientists are sought-after in all industries. They’re even needed in the health industry, where data science could inform how we manage hospital waiting rooms or operating theatres more efficiently.

Prospective Business Data Analytics students aren’t necessarily mathematicians. But they’re problem solvers, may have computational and programming skills, and might even have a scientific background.

The Bachelor of Commerce (CRICOS 063059D) is all about the technical side of business.

Students who choose a Bachelor of Commerce may not know exactly which area of business they want to work in, but they want to gain a comprehensive understanding of how a business works, how to operate a business, and some of the quantitative elements of business.

Bachelor of Commerce students will learn financial literacy, business analytic and decision-making skills through experiential learning and authentic assessment tasks relevant to the choice of major, with options including Accounting, Actuarial Science, Big Data, Economics and Finance.  

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