A Master of Actuarial Practice in Australia begins now
The Master of Actuarial Practice is a five-semester degree for postgraduate students. This degree provides students with the opportunity to complete all actuarial Part I and Part II subjects. In addition, students have the opportunity to undertake a specialisation. The recommended specialisation is Big Data, however students also have the option to choose any other Bond Business School specialisation. This 92-week program contains a 20 week thesis component in the final semester. Students from cognate undergraduate programs may be eligible for advanced standing of up to 40 credit points in the Master of Actuarial Practice program
Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.
24/7 access to live financial markets
What our students say
- Learn in smaller classes
- Unparalleled access to Bond Business School's two financial trading rooms and 40 Bloomberg data-sourcing terminals
- Access to the Business School’s formal mentor program where you will be supported by academic staff, senior students and alumni
About the program
Accredited by the Actuaries Institute, the Master of Actuarial Practice is an innovative and immersive program that combines advanced mathematics, statistics, data analytics, actuarial risk theory, finance, economics and accounting with large-scale, real-life commercial data analysis to develop techniques for the management of risk and business decision making. Show more
Accredited by the Actuaries Institute, the Master of Actuarial Practice is an innovative and immersive program that combines advanced mathematics, statistics, data analytics, actuarial risk theory, finance, economics and accounting with large-scale, real-life commercial data analysis to develop techniques for the management of risk and business decision making. An integral part of this degree is the development of research skills and actuarial judgement through the Actuarial Control Cycle subjects and the Actuarial Research Thesis subject.
The Master of Actuarial Practice will deliver smaller classes for personalised attention and unparalleled access to Bond University's Macquarie Trading Room and Bloomberg data-sourcing terminals. The program will develop skills in the challenge of handling ‘big data’ to create practical solutions for real-world problems. The successful completion of the program at an appropriate level of performance will lead to Part I and Part II qualification with the Actuaries Institute. Show less
|Program type||Masters Coursework|
|Study area||Actuarial Science|
|Credit for prior study||For more details on applying for credit, please contact the Student Business Centre: [email protected]|
The Master of Actuarial Practice will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management
Master of Actuarial Practice students must complete the following eleven required subjects:
- ACCT71-600 Accounting Principles
- ACSC71-200 Mathematical Statistics
- ACSC71-201 Financial Mathematics
- ACSC71-301 Contingencies
- ACSC71-304 Stochastic Modelling
- ACSC71-305 Actuarial and Financial Models
- ECON71-200 Econometrics
- ECON71-202 Macroeconomics
- ECON71-600 Economics For Business
- FINC71-601 Corporate Finance
- FINC71-603 Investments
Plus the following four professional subjects:
- ACSC71-400 Actuarial Control Cycle 1
- ACSC71-401 Actuarial Control Cycle 2
- ACSC71-402 Investments and Asset Modelling
- ACSC71-403 Actuarial Research Essay (20 Weeks) (final semester subject)
- Students can choose 5 General Elective Subject (50CP).
General elective – A subject that may be chosen from any subject on offer across the University provided requisites, enrolment restrictions and any other faculty requirements have been met.
Students may also choose one of the following opportunities to use one or more of your elective subjects to have an international experience or an Internship opportunity provided you meet the requirements. Please discuss with the Enrolment Advisor in the Student Business Centre.
- Study Tour
The Study Tour requires approval from the Faculty. (Please note that additional costs and visa requirements are associated with this subject).
- Business Internship
The Internship requires a GPA credit average and requires approval from the Faculty with an application to the Career Development Centre.
- Students may also use four of their electives to take a specialisation (4 Subjects) from the list below
Please visit BBS Program Structure and Sequencing for guidance on study plans
The below fees are based on an average per semester cost, fees may vary based on which subjects are selected and the number of subjects enrolled in for each semester:
- 2019 fees: $20,562 per semester (based on 4 subjects per semester)
- 2020 fees: $21,552 per semester (based on 4 subjects per semester)
Price may vary depending on elective discipline choice.
When considering the fees associated with your studies, keep in mind that Bond’s accelerated schedule means you can finish your degree sooner and be out in the workforce up to a year earlier than if you went to another university.
This time saving also represents a substantial reduction in accommodation and living costs, plus a full year of extra earnings.
Academic entry requirements
Entry into the Master of Actuarial Practice requires the completion of an undergraduate degree from a recognised institution and well-developed advanced mathematical abilities.
Please contact the Office of Future Students for further information.
English language proficiency requirements
As tuition is delivered in English, all students will be required to provide documented evidence of the required level of proficiency in the English language. Read more detailed information on English Language Proficiency Requirements for university study.
Credit for prior study
Subject credits may be awarded for previous studies. To apply for credits, you will need to submit academic transcripts including detailed subject outlines/course descriptions for each relevant subject and/or certified copies of testamurs to the Office of Future Students. Please refer to how to apply for credit for more information
How to apply
Complete four subjects from one of the following specialisations:
Plus two subjects from the following options:
BUSN73-403 Advanced Econometrics
INFT71-326 Advanced Regression
INFT71-327 Advanced Big Data Projects and Case Study
INFT73-361 Financial Trading Systems
Plus two subjects from the following options:
FINC71-302 Finance Applications and Analysis
FINC71-305 Derivative Products
FINC71-318 Personal Investment
FINC71-604 Capital Markets
FINC71-608 Behavioural Finance
FINC71-614 Mergers and Acquisitions
You must complete four subjects from the following options:
You must complete the following three subjects:
Plus one subject from the following options: