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Your path to a Master of Actuarial Science starts at Bond

The May semester for this program will be delivered remotely. In these extraordinary times, students will be able to access Bond's exceptional, personalised learning experience from all around the world. Learn more about remote learning at Bond 

Never before have organisations around the world had such extraordinary access to personal information, health statistics, buying habits, population movement, employment trends and much, much more. In these numbers lie the answers to the big questions that really matter. Internationally credited, a Master of Actuarial Science at Bond University is a short three semester program that provides those with an undergraduate degree in an alternative field an opportunity to gain an Actuarial Science degree and complete actuarial Part I (Foundation program) subjects. The program will develop your skills in the challenge of crunching 'big data' numbers to create practical solutions for real world problems. Students who have successfully completed cognate programs may be eligible for advanced standing of up to 40 credit points towards the Master of Actuarial Science program.

Bond is the only university in Queensland, and one of only seven in Australia to offer the fully accredited program by the Actuaries Institute and has recognition agreements with the Society of Actuaries (worldwide).

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The Transformer: be a game changer.

As part of your degree, all Bond students are given the opportunity to participate in the new Transformer program. This fee-free, co-curricular program is designed to expand your entrepreneurial skills, dive deep into big picture thinking and embrace creative problem solving so you can make a real difference in the community, your own business or an existing one. Learn more.

What our students say

Xinling Han

Master of Actuarial Science, Shandong Province, China

"Completing Master of Actuarial science at Bond University has prepared me to excel at my current role as a Pricing Analyst in an elite insurance firm in Brisbane, Australia. Studying Actuarial Science at Bond University was definitely an invaluable, distinct and memorable experience in my life. Bond Actuarial Science program has a particular focus on data analytics which helps students develop uniqueness in a workplace and get better understanding on how those emerging skills are applied in current actuarial practice."

Xinling Han

Master of Actuarial Science, Shandong Province, China

"Completing Master of Actuarial science at Bond University has prepared me to excel at my current role as a Pricing Analyst in an elite insurance firm in Brisbane, Australia. Studying Actuarial Science at Bond University was definitely an invaluable, distinct and memorable experience in my life. Bond Actuarial Science program has a particular focus on data analytics which helps students develop uniqueness in a workplace and get better understanding on how those emerging skills are applied in current actuarial practice."

Linda Hu

Master of Actuarial Science student, Hangzhou, China

“Without a doubt, deciding to study Master of Actuarial Science at Bond is the best decision when I was an undergraduate. This program includes several attractive fields including finance, IT and Math. I can finish my master’s degree in a short one year. My impression was Bond is an amazing campus. The community at bond was so supportive, friendly and welcoming. ”

Linda Hu

Master of Actuarial Science student, Hangzhou, China

“Without a doubt, deciding to study Master of Actuarial Science at Bond is the best decision when I was an undergraduate. This program includes several attractive fields including finance, IT and Math. I can finish my master’s degree in a short one year. My impression was Bond is an amazing campus. The community at bond was so supportive, friendly and welcoming. ”

Lachlan Farr

Master of Actuarial Science student

“Personally I had never done any actuarial subjects before I started my master’s degree at Bond however they basically teach you from the ground up in actuarial work. The program would be best suited to anyone who has a strong interest in mathematics and problem solving”.

Lachlan Farr

Master of Actuarial Science student

“Personally I had never done any actuarial subjects before I started my master’s degree at Bond however they basically teach you from the ground up in actuarial work. The program would be best suited to anyone who has a strong interest in mathematics and problem solving”.

Key features

  • Learn in smaller classes
  • Unparalleled access to Bond Business School's two financial trading rooms and 40 Bloomberg data-sourcing terminals.
  • Opportunity to experience global business environments with international Study Tours available within Asia, South-East Asia and Silicon Valley.

About the program

Accredited by the Actuaries Institute, the Master of Actuarial Science is an innovative and immersive program that combines elements of economics, finance, statistics, data analytics and advanced mathematics to develop techniques for the management of risk and business decision making.  The Master of Actuarial Science will be taught via smaller classes for personalised attention and unparalleled access to Bond University's Bond Fin Tech Hub and Bloomberg data-sourcing terminals. Show more

Accredited by the Actuaries Institute, the Master of Actuarial Science is an innovative and immersive program that combines elements of economics, finance, statistics, data analytics and advanced mathematics to develop techniques for the management of risk and business decision making.  The Master of Actuarial Science will be taught via smaller classes for personalised attention and unparalleled access to Bond University's Bond Fin Tech Hub and Bloomberg data-sourcing terminals. The program will develop skills in the challenge of crunching 'big data' numbers to create practical solutions for real-world problems.  Employment opportunities include working as an investment analyst, portfolio manager, actuarial consultant, insurance actuary, superannuation actuary, risk analyst, big data analyst, liability manager and high-level manager.  The successful completion of the program at an appropriate level of performance will lead to Part I qualification with the Actuaries Institute Show less

ModeOn Campus
The May 2020 semester will be delivered remotely.
Duration3 semesters (1 year)
Starting semesters
  • September 2020
  • January 2021
  • September 2021
  • January 2022
  • September 2022
Program typeMasters Coursework
Study areaActuarial Science
Program codeBN-13121
CRICOS code092654M
Credit for prior studyFor more details on applying for credit, please contact the Student Business Centre: [email protected]

The Master of Actuarial Science 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

The Master of Actuarial Science program comprises 12 subjects, as follows:

Required subjects (11)

Elective (1)

  • Students can choose 1 General Elective Subjects (10CP).
  • 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.
Individual Study Topic
  • The Individual Study Topic is only available in exceptional circumstances and requires Program Director's approval.

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:

  • 2020 fees: $21,440 per semester (based on 4 subjects per semester)
  • 2021 fees: $22,560 per semester (based on 4 subjects per semester)

Price may vary depending on elective discipline choice.

To support students during the economic crisis created by the current pandemic, financial aid will be provided to students in Semester 2 in 2020. This is in the form of a one-off tuition fee relief, which will be a 20% reduction in Semester 2 tuition fees. For more information, see the Frequently Asked Questions.  

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 Science requires the completion of an undergraduate degree from a recognised institution and well-developed 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.

 

Program variations

Meet Professor of Data Science Steven Stern

Steven Stern is a Professor of Data Science at Bond Business School. With an strong industry background and an educational repertoire that includes Stanford University, he’s a key part of Bond University’s Actuarial Science program and is dedicated to helping students understand the complex concepts covered in the classroom.

Enquire about the Master of Actuarial Science