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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?

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 and business? The Bachelor of Actuarial Science (CRICOS 083205M) could be for you.

Actuaries apply excellent mathematical skills to solve business problems. 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.

Actuarial Science is the most mathematically intensive degree offered by the Bond Business school. Our students develop their mathematical skills as well as studying topics from finance, economics, and data analytics.

Maths B is a compulsory entry requirement for this degree.

Do you like working with computers and discovering new insights? The Bachelor of Business Data Analytics (CRICOS 0101005) focuses on how we can generate insights from data and build tools to help us make better decisions. For example, have you ever wondered why your supermarket arranges products the way they do or what drives the recommendations you get online? Data is all around you, and data analysts or data scientists can work in areas as varied as healthcare, sports analytics, and marketing. 

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) provides a strong foundation in business fundamentals, and you will study a range of required subjects that are directly relevant to business, e.g., accounting, finance, statistics, economics, law and responsible and sustainable organisations.

When coupled with an actuarial science major, your business knowledge and skills are supercharged with mathematical and statistical competencies with which you will be able to model and value data in order to make data-driven decisions involving insurance and actuarial scenarios.

On the other hand, combining a Bachelor of Commerce degree with a data analytics major will power up your ability to analyse and understand patterns in data through the hands-on use of various programming languages and a toolkit of artificially intelligent applications.

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