Further your career with a Master of Actuarial Science (Professional)
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.
The Master of Actuarial Science (Professional) is a 92 week degree that provides students with an undergraduate degree in an alternative study area an opportunity to gain an Actuarial Science degree and Part I accreditation with the Actuaries Institute. To become an Actuary you would need to complete Honours or exams direct with the Institute for Part II accreditation.
You will gain immediate access to the very latest technologies in the Centre for Actuarial and Financial Big Data Analytics and be mentored by Australia’s leading economists, statisticians, financial analysts and mathematicians. 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. 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).
About the program
The Master of Actuarial Science (Professional) is an innovative and immersive program with an additional 20-week Professional component that combines elements of economics, finance, statistics, data analytics and advanced mathematics to develop techniques for the management of risk and business decision making. Show more
The Master of Actuarial Science (Professional) is an innovative and immersive program with an additional 20-week Professional component 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 (Professional) will be taught via 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. 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
|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 Science (Professional) will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management
Master of Actuarial Science (Professional) students must complete the following eleven required subjects:
- ACSC71-200 Mathematical Statistics
- ACSC71-201 Financial Mathematics
- ACSC71-300 Insurance Models
- ACSC71-301 Contingencies
- ACSC71-302 Advanced Modelling
- ACCT71-600 Accounting Principles
- ECON71-202 Macroeconomics
- ECON71-600 Economics For Business
- FINC71-305 Derivative Products
- FINC71-601 Corporate Finance
- FINC71-603 Investments
Plus Professional subject (students must complete one (1) of the following subjects)
*Please note that the Professional Portfolio or Professional Development subject is a 20-week, 45-credit point subject and is taken in the last semester of the program once all other coursework subjects have been completed. The Career Development Centre will provide assistance in choosing the relevant professional subject prior to your last semester.
- 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: $17,432 per semester (based on 4 subjects per semester)
- 2020 fees: $18,266 per semester (based on 4 subjects per semester)
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 Science (Professional) 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