Bachelor of Actuarial Science

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)

• CORE11-001 Critical Thinking and Communication
• CORE11-002 Leadership and Team Dynamics
• CORE11-003 Ethical Thought and Action

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

Required subjects (13)

• ACCT11-100 Accounting for Decision Making
• ACSC12-200 Mathematical Statistics
• ACSC12-201 Financial Mathematics
• ACSC13-301 Contingencies
• ACSC13-304 Stochastic Modelling
• ACSC13-305 Actuarial and Financial Models
• ECON11-100 Principles of Economics
• ECON12-200 Econometrics
• ECON12-202 Contemporary Macroeconomics Issues
• FINC12-200 Fundamentals of Finance
• FINC13-301 Corporate Finance
• FINC13-303 Portfolio Analysis and Investment Management
• STAT11-112 Quantitative Methods

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.

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.

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: 

• ACCT13-301 Financial Accounting & Company Reporting
• ACCT13-303 Advanced Financial Accounting & Reporting
• ACCT13-304 Managerial Planning and Control 
• ACCT13-305 Auditing
• ACCT13-308 Taxation Practice for Accountants
• ACCT13-311 Financial Analysis and Valuation

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 five subjects:

ECON12-200 Econometrics
INFT12-216 Data Science
INFT12-223 Machine Learning in Business
INFT13-326 Statistical Learning and Regression Models
INFT13-327 Advanced Big Data Projects and Case Study

Plus one subjects from the following options:

ECON13-300 Advanced Econometrics
INFT13-361 Financial Trading Systems

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: 

• ECON12-201 Markets and Corporate Behaviour
• ECON12-202 Contemporary Macroeconomics Issues
• ECON13-301 Game Theory and Strategic Decision Making
• ECON13-302 Business Conditions Analysis

Plus two subjects from the following options:

• ECON13-300 Advanced Econometrics
• ECON13-303 International Trade
• ECON13-305 Money and Monetary Policy

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:

• FINC13-301 Corporate Finance
• FINC13-303 Portfolio Analysis and Investment Management
• FINC13-307 International Finance
• FINC13-308 Personal Finance

Plus two subjects from the following options:

• ACSC12-201 Financial Mathematics
• ACSC13-305 Actuarial and Financial Models
• FINC13-304 Financial Markets and Institutions
• FINC13-305 Options and Futures
• INFT13-361 Financial Trading Systems

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:

• ENFB13-300 Entrepreneurial Growth
• ENFB13-302 Creativity and Innovation
• ENFB13-304 New Venture Planning
• ENFB13-305 Entrepreneurial Finance

Plus two subjects from the following options:

• ENFB13-306 Bond Business Accelerator (Take your idea from the classroom to the boardroom)
• IBUS12-251 Concepts of Strategy
• MGMT13-321 Negotiation
• MKTG13-303 Market Research and Analysis

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:

• ECON13-303 International Trade
• FINC13-307 International Finance
• IBUS11-310 Doing Business Globally  
• IBUS12-250 International Business

Plus two subjects from the following options:

• IBUS12-251 Concepts of Strategy
• MGMT13-324 Cross Cultural Management
• MKTG13-301 International Marketing

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:

• IBUS12-251 Concepts of Strategy
• MGMT13-305 Human Resource Management
• MGMT13-311 Managing Strategic Change
• MGMT13-321 Negotiation

Plus two subjects from the following options:

• INFT13-308 Operations and Supply Chain Management
• MGMT11-201 Responsible and Sustainable Business
• MGMT13-320 Leadership
• MGMT13-324 Cross Cultural Management

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:

• MKTG12-301 Consumer and Buyer Behaviour 
• MKTG13-302 Promotional Design and Planning 
• MKTG13-303 Market Research and Analysis
• MKTG13-320 Strategic Marketing 

Plus two subjects from the following options:

• MKTG13-301 International Marketing
• MKTG13-312 Internet and Social Media Marketing
• MKTG13-319 Digital and Direct Marketing

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:

• COMN11-101 Introduction to Communication
• MKTG13-302 Promotional Design and Planning

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

• ADVT11-100 Advertising Principles and Practice or
• PUBR11-100 Public Relations Principles and Practice

Plus three subjects from the following options:

• ADVT12-200 Direct Response and Writing for Advertising
• ADVT12-241 Advertising Communications and Channel Planning
• ADVT13-101 Advertising, Brand Image and Cultural Space
• MKTG13-312 Internet and Social Media Marketing
• PUBR12-235 Media Relations
• PUBR12-250 Public Relations Writing
• PUBR13-312 Public Relations Campaigns and Strategies

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).

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:

• HRTM12-204 Contemporary Issues in Hospitality and Tourism Management
• HRTM12-206 Tourism Analysis and Evaluation
• HRTM12-209 Event Management
• HRTM12-212 WHS Risk Management

Plus two subjects from the following options:

• HRTM11-100 Wine Studies
• HRTM12-203 Rooms Division Management
• HRTM12-205 Strategic Pricing and Revenue Management
• HRTM12-214 Adventure Tourism
• HRTM12-220 Sustainable Tourism and Indigenous Culture