A career in Actuarial Science in Australia starts at Bond
Internationally recognised and completed in a short four semesters, the Master of Actuarial Science (Specialisation) will open employment opportunities including working as an investment analyst, portfolio manager or actuarial consultant anywhere in the world. It provides those with an undergraduate degree in an alternative field the opportunity to gain an Actuarial Science degree and complete actuary Part I subjects. In addition, you will have the opportunity to undertake a specialisation to assist you in identifying as an expert in an area of actuarial science. The recommended specialisation is Big Data, however, you have the option to choose any other Bond Business School specialisation. Any completed relatable undergraduate program will also gain you up to 40 credit points towards the Master of Actuarial Science - specialisation program.
The program will develop skills in the challenge of crunching 'big data' numbers to create practical solutions for real world problems.
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.
The Transformer: be a game changer.
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
The Master of Actuarial Science (Specialisation) 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 (Specialisation) will be taught via smaller classes for personalised attention and unparalleled access to Bond University's Macquarie Trading Room and Bloomberg data-sourcing terminals. Show more
The Master of Actuarial Science (Specialisation) 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 (Specialisation) 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
|Duration||4 semesters (1 year 4 months)|
|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 (Specialisation) will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management
Master of Actuarial Science (Specialisation) 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
- Students can choose 1 General Elective Subject (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 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 must also 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: $20,533 per semester (based on 4 subjects per semester)
- 2020 fees: $21,510 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 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
How to apply
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: