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A career in actuarial science starts now

Combining elements of economics, finance, statistics and mathematics, the Bachelor of Actuarial Science develops techniques for the management of risk and big data analytics. Accredited by the Actuaries Institute, this program provides Part I accreditation. Bond is one of only seven universities to offer the degree in Australia, the only one in Queensland, and one of two where you will be trained by specialists in their subject area. For example, if you have a Data Science subject you will be taught by a specialist Data Scientist. The Future of Work 2018 report by Deloitte Access Economics shows that the number of data science workers in Australia will increase by 2.4% annually and 76% of businesses are planning to increase investment in analytics capabilities over the next two years.

Developed by Executive Dean Terry O’Neill, one of Australia’s leading academic authorities in the field, the Bachelor of Actuarial Science at Bond delivers smaller classes for personalised attention and unparalleled access to state-of-the-art facilities.

Available majors are Big Data, Finance, Accounting and Economics.  

Bond Business School Experience Day | Tuesday, 22 October, 2019 | 9am - 2.30pm Register here                       Year 10, 11 and 12 high school students are encouraged to attend.

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24/7 access to live financial markets

Bond FinTech Hub

Offering a real world trading experience, the FinTech Hub is the leading facility of its type in Australia. You’ll be executing deals, managing portfolios and trading securities in real time based on current market conditions.

What our students say

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

The Bachelor 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 Bachelor of Actuarial Science is 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 Bachelor 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 Bachelor of Actuarial Science is taught via smaller classes for personalised attention and unparalleled access to Bond University's Macquarie Trading Room and Bloomberg data-sourcing terminals. The program develops students’ 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. Successful completion of the program can lead to Part I qualification with the Actuaries Institute.  Show less

ModeOn Campus
Duration6 semesters (2 years)
Starting semesters
  • September 2019
  • January 2020
  • May 2020
  • September 2020
  • January 2021
  • May 2021
  • September 2021
  • January 2022
  • May 2022
  • September 2022
Program typeBachelors Degree
Study areaActuarial Science
Program codeBN-10029
CRICOS code083205M
Credit for prior studyFor more details on applying for credit, please contact the Student Business Centre: [email protected]

Accredited by the Actuaries Institute, this program serves as a pathway to the Bachelor of Actuarial Science (Honours), which provides all the university components of Part II Accreditation that means you could work as a highly sought after Actuaries Associate or Actuary in industries including Data Analytics, Marketing, Economics, Finance, Health, Insurance and more.

High graduate starting salaries and full employment rates reflect the growing demand for qualified analysts, with career opportunities predicted to increase substantially over the next five years. 

Bachelor of Actuarial Science comprises 24 subjects, as follows:

University core subjects (3)

Plus: CORE11-004 Beyond Bond: Professional Development and Community Engagement

Required subjects (13)

Elective

  • Students can choose 8 General Elective Subject (80CP).
    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 are encouraged to undertake an optional major (60CP) or minor (40CP). This will replace six (6) or four (4) of your general electives. All minors in the Bond Business School are available to this program. 
    A list of Majors and Minors is available here 
  • Actuarial Science students are recommended to take A Finance and/or Big Data major as part of their program. Please discuss with the Enrolment Advisor in the Student Business Centre. 
  • 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.

Please visit BBS Program Structure and Sequencing for guidance on study plans

The following opportunities are also available to Bond Business School students.

  • BUSN13-730: Business School International Semester
    Students will be undertaking study at approved overseas institutes offering an international internship experience program, facilitating both academic study courses and practical industry internship placement
  • Bond International Exchange Program
    Current Bond students have the opportunity to study at one of 80+ leading universities in our network of exclusive international partnerships, for one or two semesters.
Important note for first semester students

You will be registered in the Bond Business Mentoring Program designed for all new undergraduate students; please be advised the first scheduled gathering is in the Bond Business School orientation, If you require further information please email [email protected]  

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: $17,160 per semester (based on 4 subjects per semester)
  • 2020 fees: $17,360 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.

Find out your financing options and other costs to consider.

Academic requirements

Applicants with recent secondary education (within the past two years)

Applicants must meet the University's general minimum admission criteria.

In addition, this program requires knowledge of advanced mathematics.

The following table provides comparative information for those domestic students admitted into this program wholly or partly on the basis of OP/ATAR in January semester 2019.

ATAR based offers only, across all offer roundsATAR (OP in QLD)
(Excluding adjustment factors)
Selection Rank
(ATAR/OP plus any adjustment factors)
Highest rank to receive an offerOP1/ATAR 9999
Median rank to receive an offerOP4/ATAR 9595
Lowest rank to receive an offerOP8/ATAR 8589

Visit our student profile if you are interested in the profile of all students who commenced undergraduate study at the Faculty in the January semester 2019.

International Secondary School students

For more information for International Students, including the International Baccalaureate, please go to the International Secondary School equivalency page.

Alternative entry pathways

For those applicants who do not currently have the required academic qualifications, there are a number of alternative entry pathways:

  • Bond University Diploma programs
  • Prior higher education experience (at this university or another)
  • Professional or para-professional qualifications/experience
  • Employment experience verified by a statement of service from the employer stating the position title and length of service and a very brief statement on the tasks undertaken.

For more information on what is required please visit our how to apply page.

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.

Majors in Bond Business School (Undergraduate)

Commerce majors are for students interested in a professional career in accounting, finance, economics or statistics. Specifically students with a mathematical background.

Business majors provide you with a good foundation to work as a business professional into various business environments. Students must complete six subjects from one of the following majors. 

Actuarial Science students are recommended to take A Finance and/or Big Data major as part of their program. 

Major (6)

A major in accounting from Bond University will give you entry into a respected and enduring global profession and substantial options when choosing a career. Forget about being labelled as a “number cruncher”, an accountant plays an influential role in the achievement of an entity’s entire range of objectives – not just the financial ones. Accountants are needed in government, NGOs, charities, universities, businesses of all structures and sizes, and more. The range and content of our subjects in our accounting major will give you the knowledge and skills from which you can set your sights on a role as a financial accountant, management accountant, auditor, tax specialist, business consultant, business analyst, treasurer, finance manager, or if none of these appeal to you, a very savvy business owner or entrepreneur. With a wide range of authentic assessment that reflects actual practice, this major will take you places.

You must complete the following six subjects: 

Minor (4)

A minor in accounting from Bond University sets you up to take on roles in a wide range of interesting and rewarding careers. You will find that your accounting skills will be useful whether you aspire to work for a government, NGO, charity, university, any type or size of business; and if your aim is to own or start up your own business, these skills will be especially relevant. Taking our accounting minor is an astute way to complement your studies in other fields of business.

You must complete the following four subjects: 

Major (6)

The Big Data major provides a strong survey into the concepts and applications of modern machine learning and data analytics. It contains units in analysis coding as well as advanced non-parametric statistical modelling and pattern recognition algorithms. In addition, focus is placed on ensuring students see the relevant application of these techniques to real industry data.

You must complete the following four subjects:

Plus one subjects from the following options:

Plus one subjects from the following options:

 

Major (6)

Economics is a social science that uses the scientific method of enquiry in its approach to understanding how societies, governments, businesses, households, and individuals allocate their scarce resources. An undergraduate major in economics focuses on learning how to understand the world in terms of trade-offs and incentives. An economics major assists in learning how to analyse data as well as the development of clear-headed logic. It involves the use of mathematical and statistical tools whenever possible to assist in this analysis.

You must complete the following four subjects: 

Plus two subjects from the following options:

Minor (4)

You must complete the following four subjects: 

Major (6)

The demand for financial expertise across all business functions is global, extensive, and persistent. The scope and depth of subjects studied in Bond University’s finance major develop knowledge and skills that range from finance fundamentals and progress all the way to those competencies necessary for a merger and acquisition professional.
Our finance major prepares you for an influential role as a corporate and personal finance authority. Career options are as varied as they are extensive and include financial advisor, business analyst, banker, fund manager, investment banker, stockbroker, and merger and acquisition specialist. The knowledge gained from our finance major will position
you to have an interesting and rewarding career anywhere in the world.

You must complete the following four subjects:

Plus two subjects from the following options:

The Bachelor of Commerce (Finance) has been accepted into the CFA Institute University Recognition Program.  This status is granted to institutions whose degree program incorporates at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provides students a solid grounding in the CBOK and positions them well to sit for the CFA exams.

Minor (4)

A minor in finance from Bond University sets you up to take on roles in a wide range of interesting and rewarding careers. You will find that your finance skills will be useful wherever you aspire to work and could lead to interesting and rewarding positions in business, banking, investment, and government. The scope of subjects for this minor covers personal, corporate and international finance plus another subject of your own choice. Taking our finance minor is an astute way to complement your studies in other fields of business.

You must complete the following four subjects:

Major (6)

This major will appeal to those enterprising individuals with an eye towards their own start-up business, or who are keen to work as an “intrepreneur” inside an organisation. Students will gain skills in ideation, creativity and innovation in planning a business and developing a viable business model. Through experiential learning and support from industry experts, students will graduate with contemporary and best practice knowledge, insights, and strategies with which to implement effective management practices and bring a business idea into fruition.

You must complete the following four subjects:

Plus two subjects from the following options:

Minor (4)

You must complete the following four subjects:

Major (6)

The International Business major prepares students for a variety of roles in today’s fast-changing and ever more competitive international business environment. The subjects offered in this major develop theoretical and practical knowledge, and analytical and entrepreneurial skills, that underpin success in international trade.

You must complete the following four subjects:

Plus two subjects from the following options:

Minor (4)

You must complete the following four subjects:

Major (6)

This major provides students with a holistic body of knowledge, skills and strategies that are critical to long-term organisational success. The scope of subjects covered in the Management Major provides students with the ability to identify strategic problems and develop viable, value-add solutions for a range of organisational issues that present at
different organisational levels.

You must complete the following four subjects:

Plus two subjects from the following options:

Minor (4)

You must complete the following four subjects:

Major (6)

This major develops students’ knowledge, skills, and practical experience in designing and implementing market-driven, value-creation marketing strategies underpinned by a sound understanding of consumer and buyer behaviour. The focus is placed on how to conduct market research, analyse findings, and communicate these to management.

You must complete the following four subjects:

Plus two subjects from the following options:

Minor (4)

You must complete the following four subjects:

Major (6)

The field of marketing communications is in a state of constant change. By studying a Marketing Communications major, students will develop the practical skills, built on a foundation of theory, to meet the needs of this ever-evolving industry. Students will acquire transferable and adaptable knowledge in strategic communication, public relations, advertising and/or digital communication. Via case study analysis, campaign creation and hands-on skill development, students will gain industry knowledge and expertise in a small-class environment. Developing ethical and innovative communication campaigns and tactics for real-world clients enables students to apply their skills helping them gain confidence in, and practice with, their new abilities. The course also focuses on developing creativity, critical thinking and presentation skills. Graduates will gain flexible and dynamic skills set, transferable across many diverse and exciting career paths.

You must complete the following two subjects:

Alternate Choice: You must also complete one of the following two subjects:

Plus three subjects from the following options:

Students taking the Marketing Communication major MUST Choose Advertising Principles and Practice (ADVT11-100) before taking either Advertising, Brand Image and Cultural Space (ADVT13-101) or Media Relations (PUBR12-235). 

Students wanting to take either Media Relations (PUBR12-235), Public Relations Writing (PUB12-250) or Public Relations Campaigns and Strategies (PUBR13-312) MUST first complete Public Relations Principles and Practice (PUBR11-100).

Minor (4)

You must complete the following two subjects:

Alternate Choice: You must also complete one of the following two subjects:

Plus one subjects from the following options:

Major (6)

In recent decades tourism has experienced extraordinary growth and is now one of the largest and fastest-growing sectors in the world economy. According to the United Nations World Tourism Organisation, in 2016 tourism was responsible for approximately 10 percent of world gross domestic product and about 11 percent of employment and this is forecast to grow at 3.3 percent a year for the long-term. Tourism has become a critical source of export income in many countries and regions and, accordingly, it has assumed economic and political importance.

Private sector tourism organisations operating in the tourism space include hotel groups, cruise operators, airlines, major venues, and event management companies. Public sector organisations include regional tourism organisations, national, state and local government. These organisations employ specialists with skills in marketing, project and event management, accounting, finance, human resources, logistics, and data analytics.

In a rapidly changing employment landscape tourism provides a long term future where the human qualities of creativity, problem-solving and interpersonal communications are valued. 

The Tourism Management Major 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 four subjects:

Plus two subjects from the following options:

Minor (4)

You must complete the following four subjects:

 

Program variations

 

Our academics

“The Bond Actuarial program is ideal for developing the skills necessary for success in essentially any area of the financial and data science industries, as well as a host of other areas of business. Units taught by specialists in their respective fields, as opposed to just by actuaries, means students obtain a deeper understanding of the ideas underlying in the areas of risk assessment and modern data analytics as well as the traditional skill-set of an actuary. This, in turn, gives graduates a notable advantage in the job market, augmented by the potential for networking and internships with Bond Business School's many partners in industry"

Steven Stern Professor of Data Science

Enquire about the Bachelor of Actuarial Science