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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.

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24/7 access to live financial markets

Macquarie Trading Room

Offering a real world trading experience, the Macquarie Trading Room is one of the leading facilities of its type in in the world with 40 Bloomberg terminals. You’ll be executing deals, managing portfolios and trading securities in real time based on current market conditions.

What our students say

Zandri Lategan

Master of Actuarial Practice Student

"Bond is the only university in Queensland to offer an accredited actuarial science degree, and the fact that the class sizes are so small made it an easy decision to study at Bond. Apart from the great academic experience it is also very easy to get involved in other extracurricular activities. I was lucky enough to part of the 180 Degrees Consulting team where we were tasked with providing a company with ways and ideas to improve their overall impact".

Zandri Lategan

Master of Actuarial Practice Student

"Bond is the only university in Queensland to offer an accredited actuarial science degree, and the fact that the class sizes are so small made it an easy decision to study at Bond. Apart from the great academic experience it is also very easy to get involved in other extracurricular activities. I was lucky enough to part of the 180 Degrees Consulting team where we were tasked with providing a company with ways and ideas to improve their overall impact".

Mark Johnman

Actuarial Science Student

“What I enjoy in the program is the intersection of different fields including finance, maths, statistics and IT. Companies these days need people to analyse data and explain to them how it can benefit or affect their business. The Actuarial Science program gives you the technical understanding as well as the business context in order to explain that in a way people can understand”.

Mark Johnman

Actuarial Science Student

“What I enjoy in the program is the intersection of different fields including finance, maths, statistics and IT. Companies these days need people to analyse data and explain to them how it can benefit or affect their business. The Actuarial Science program gives you the technical understanding as well as the business context in order to explain that in a way people can understand”.

Key features

  • 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

ModeOn Campus
Duration92 weeks
Starting semesters
  • September 2019
  • January 2020
  • May 2020
  • September 2020
  • January 2021
  • May 2021
  • September 2021
  • January 2022
  • May 2022
  • September 2022
Program typeMasters Coursework
Study areaActuarial Science
Program codeBN-13120
CRICOS code083211B
Credit for prior studyFor 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:

  • Climatology
  • Consulting
  • Data Analytics
  • E-Commerce
  • Economics
  • Finance
  • Health
  • Insurance
  • Infrastructure
  • Research
  • Risk Management
  • Safety
  • Science
  • Statistics
  • Superannuation
  • Technology
Master of Actuarial Practice students must complete the following twelve (12) required subjects:
Plus the following four professional subjects:

Elective

  • Students can choose 4 General Elective Subjects (40CP).
  • 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 your elective subject to have 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.

Specialisation

  • Students may also use all 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.

Find out your financing options and other living costs to consider.

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

Key dates

Bond University calendar

How to apply

In order to apply for study at Bond University, you will need to complete the Online Application Form. To find out more about the application process please refer to How to Apply.

 

Specialisations

Students pursuing a postgraduate degree can tailor their studies with a specialisation depending on their interest or career goals. A specialisation comprises of 4 subjects from any of the below areas.

The Big Data specialisation incorporates the most current industry-relevant research with applications to data science, business analytics, and managing and analysing large data sets to support organisational needs. The specialisation will develop skills in the challenge of crunching 'big data' numbers to create practical solutions for real-world problems.

You must complete the following two subjects:

Plus two subjects from the following options:

The Finance specialisation incorporates the most current industry-relevant research with applications to finance principles, financial markets and corporate finance and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles.

You must complete the following two subjects:

Plus two subjects from the following options:

The International Business specialisation incorporates the most current industry-relevant research with applications to international trade, international finance, managing human resources and other challenges of managing and leading in a global environment and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles.

You must complete four subjects from the following options:

The Marketing specialisation incorporates the most current industry-relevant research with applications to market research and analysis, customer analysis and relationship management, communication strategies and the use of digital and social media and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles. The Tourism Management specialisation provides a good understanding of the industry and the employment opportunities providing a springboard into employment in this exciting sector.

You must complete four subjects from the following options:

The Tourism and Hotel Management specialisation incorporates the most current industry-relevant research with applications to Strategic Pricing and Revenue Management, Tourism Analysis and Evaluation, WHS Risk Management, Adventure Tourism, Sustainable Tourism and Indigenous Cultures and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles. The Tourism Management specialisation provides a good understanding of the industry and the employment opportunities providing a springboard into employment in this exciting sector. 

You must complete the following three subjects:

Plus one subject from the following options:

 

Program variations

Our academics

“This degree is a great choice if you enjoy mathematics and want to develop high-level quantitative analysis skills for solving important problems in a business context. This degree is also a great opportunity to complete all of the Part I and Part II subjects for accreditation with The Actuaries Institute, which has accreditation recognition agreements with actuarial associations in US, Canada, South Africa, India, Japan, New Zealand, UK, Ireland and the Society of Actuaries worldwide”.

Adrian Gepp Assistant Professor

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