A career in actuarial science starts now
The May semester for this program will be delivered remotely. In these extraordinary times, students will be able to access Bond's exceptional, personalised learning experience from all around the world. Learn more about remote learning at Bond.
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 (Foundation program) 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.
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A degree of the future: the field of Actuarial Science
Studying Actuarial Science at Bond not only prepares you for a job that’s in high demand- you develop a diverse skill set that can be transferred across numerous industries and disciplines.
What our students say
Nikki Wallis
"I chose Bond for the personalised experience, the small class sizes and the family culture. I have just completed a Summer Vacation Program at EY, Melbourne, in the Advisory-Data and Analytics Service Line which was such an incredible experience. I hope to do a Master of Finance or MBA to assist my future aspirations of being an executive in the corporate world, and make a positive impact on communities and the environment."
Nikki Wallis
"I chose Bond for the personalised experience, the small class sizes and the family culture. I have just completed a Summer Vacation Program at EY, Melbourne, in the Advisory-Data and Analytics Service Line which was such an incredible experience. I hope to do a Master of Finance or MBA to assist my future aspirations of being an executive in the corporate world, and make a positive impact on communities and the environment."
Shaun McKay
"Deciding to study at Bond was such an easy decision. Not only is it the only university in Queensland that offers an accredited Bachelor of Actuarial Science, but it is also one of the top Australian tertiary institutions for student experience and quality of education. The opportunity to study here really aligned with my educational aspirations. I am passionate about the immense value of the skills I have learned at Bond. In future, I hope to practice some form of actuarial analytics at a firm with a level of community engagement comparable to Bond."
Shaun McKay
"Deciding to study at Bond was such an easy decision. Not only is it the only university in Queensland that offers an accredited Bachelor of Actuarial Science, but it is also one of the top Australian tertiary institutions for student experience and quality of education. The opportunity to study here really aligned with my educational aspirations. I am passionate about the immense value of the skills I have learned at Bond. In future, I hope to practice some form of actuarial analytics at a firm with a level of community engagement comparable to Bond."
Mark Johnman
“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
“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 Bond FinTech Hub 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 Bond FinTech Hub 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
| Mode | On Campus The May 2020 semester will be delivered remotely. |
| Duration | 6 semesters (2 years) |
| Starting semesters |
|
| Program type | Bachelors Degree |
| Study area | Actuarial Science |
| Program code | BN-10029 |
| CRICOS code | 083205M |
| Credit for prior study | For 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 (Actuary Program) 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
Electives (8)
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.
Major/Minor
- Students are encouraged to undertake an optional major (60CP) or minor (40CP). This will replace six (6) or four (4) of your general electives.
A list of Majors and Minors is available here.
Please note: The Actuarial Science major or minor is not available for this program.
- 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.
Individual Study Topic
- The Individual Study Topic is only available in exceptional circumstances and requires Program Director's approval.
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.
Please visit BBS Program Structure and Sequencing for guidance on study plans
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:
- 2020 fees: $17,360 per semester (based on 4 subjects per semester)
- 2021 fees: $17,560 per semester (based on 4 subjects per semester)
To support students during the economic crisis created by the current pandemic, financial aid will be provided to students in Semester 2 in 2020. This is in the form of a one-off tuition fee relief, which will be a 20% reduction in Semester 2 tuition fees. For more information, see the Frequently Asked Questions.
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 rounds | ATAR (OP in QLD) (Excluding adjustment factors) | Selection Rank (ATAR/OP plus any adjustment factors) |
|---|---|---|
| Highest rank to receive an offer | OP1/ATAR 99 | 99 |
| Median rank to receive an offer | OP4/ATAR 95 | 95 |
| Lowest rank to receive an offer | OP8/ATAR 85 | 89 |
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
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.
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"
Exploring innovation and information through Actuarial Science
Combining elements of mathematical modelling, statistical data analysis and computer science, hear from Professor of Data Science Steven Stern about Bond’s Actuarial Science programs and how students will delve into the depths of the science of information.
Studying Actuarial Science at Bond: the skills, degree and career
Actuarial Science at Bond, the only program offered in Queensland, helps students develop skills in mathematics, programming, finance and business and prepares them for jobs in a high-demand industry.