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 (Foundation program) accreditation with the Actuaries Institute. To become an Actuary you would need to complete Honours or exams direct with the Institute for Part II (Actuary program) 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 Bond Fin Tech Hub 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
| Mode | On Campus |
| Duration | 92 weeks |
| Starting semesters |
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| Program type | Masters Coursework |
| Study area | Actuarial Science |
| Program code | BN-13119 |
| CRICOS code | 083209G |
| 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:
- Climatology
- Consulting
- Data Analytics
- E-Commerce
- Economics
- Finance
- Health
- Insurance
- Infrastructure
- Research
- Risk Management
- Safety
- Science
- Statistics
- Superannuation
- Technology
Master of Actuarial Science (Professional) students must complete the following eleven (11) 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 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.
Elective
- Students can choose 5 General Elective Subjects (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 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:
- 2020 fees: $18,266 per semester (based on 4 subjects per semester)
- 2021 fees: $19,218 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 costs to consider.
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
Key dates
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.
Specialisation
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:
- HRTM71-205 Strategic Pricing and Revenue Management
- HRTM71-206 Tourism Analysis and Evaluation
- HRTM71-212 WHS Risk Management
Plus one subject from the following options:
Program variations
Actuarial Science
Our programs in Actuarial Science offer a unique focus on financial risk and big data analytics. Ranked among the best and fastest growing careers in the world, the actuarial sector is expecting significant growth over the next five years.