Bachelor of Actuarial Science

A career in actuarial science starts now

The upcoming semester for this program will be delivered in a multi-modal format, with classes designed to support and engage all learners. Whether they're on campus or abroad, all students will be able to access Bond's exceptional and personalised learning experience through dynamic and interactive lectures, tutorials, seminars, workshops and lab sessions.

Bond’s Bachelor of Actuarial Science develops students’ skills in all aspects of the quantitative assessment of business including financial risk evaluation and management as well as economic modelling and prediction. In addition, it includes opportunities to learn techniques in the important and growing field of business analytics to help create practical solutions for real-world problems.

Bond is one of seven in Australia and the only university in Queensland to be fully accredited by the Actuaries Institute. It’s actuarial education programs are innovative and immersive programs which helps student develop skills in mathematics, programming, finance and data science. Bachelor of Actuarial Science students can also strongly augment their employability by taking a Finance and/or Data Analytics major as part of their program.

Successful completion of the key elements of the program at the appropriate academic level provides exemption from each of the six components of the Foundation Program (Part I) of the Actuaries Institute qualification regime.

Campus and Bond University Experience

For the past 15 years, Bond University has been recognised as Australia’s number one university for student experience according to the Good Universities Guide. In addition, the Bond Business School rates number one in Australia for business and management in Learner Engagement, Learning Resources, Overall Quality of Educational Experience, Skills Development, Student Support and Teaching Quality.

Bond Business School brings industry into the classroom, providing a personalised educational experience, combining studies with a transformative life experience. As a Business student you will have access to an array of networking opportunities including the Bond Business Leaders Forum and Business Links which are a series of presentations from high profile Australian and International business leaders, providing invaluable provide invaluable development and networking opportunities for business professionals, the local community and beyond. You will also have access to an array state-of-the-art learning resources including the Bond FinTech Hub, Commercialisation Centre, Centre for Data Analytics and Transformer.

2021 Year 12 entry

To ensure students are not disadvantaged by the COVID-19 pandemic, current Year 12 students can be assessed now for a guaranteed offer for 2021 entry conditional on the completion of Year 12. Applications will be assessed based on their first semester Year 12 results and meeting any subject prerequisite requirements for their program.

Learn more

Year 12 Extension Program

Are you in Year 12 and want to get a head start when it comes to getting into university? Join our two day workshop to gain insight into university life and assist with the transition from high school to university. Find out more

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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

Key features

Have access to the Bond Business Mentoring Program where you will be supported by academic staff, senior students and alumni to help you transition into the Bond community
Have the opportunity to gain industry experience while you study
Learn in small class sizes. Our high student to teacher ratio and access to academics opens doors to industry placements, research projects, job opportunities and help whenever you need it
Experience global business environments with international Study Tours available within South-East Asia and Silicon Valley
Gain immediate access to an array of state-of-the-art learning resources including the Bond FinTech Hub, Commercialisation Centre, Centre for Data Analytics and Transformer
Have the opportunity to gain a Bloomberg certification during your degree and unlock your potential for more job opportunities in the global market

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. 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 and Remote Due to current travel restrictions, this program will temporarily be delivered using a mixture of on-campus, remote and multi-modal classes to support and engage all students, from all parts of the world.
Duration	6 semesters (2 years)
Starting semesters	January 2021 May 2021 September 2021 January 2022 May 2022 September 2022 January 2023 May 2023 September 2023
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]

Structure and subjects

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 (14)

Electives (7)

Students can choose 7 General Elective Subject (70CP).

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.

Students may also choose one of the following opportunities to use your elective subject to have international experiences 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 2.0 GPA and 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]

Program fees

The below fees are based on the total estimated program fee divided by the number of standard full-time semesters required to complete the program. Fees may vary based on which subjects are selected and the number of subjects enrolled in for each semester.

Semester program fee:

Students commencing study in 2021: $15,560* per semester average

Total program fee:

Students commencing study in 2021: $93,360

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 most other universities.

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.

* The fees listed are average costs displayed to provide an indicative program cost only, they may differ to the indicative fee included in the Bond University offer letter due to differences in individual and exact study schedules.

Tuition fees are subject to change on an annual basis and will be charged at the appropriate fee for the year of enrolment.

Admission criteria

Academic requirements

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

Entry score for 2021 entry

Min ATAR	Min OP	Min IB
90	6	32

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 2020.

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

In addition, this program requires knowledge of advanced mathematics.

2021 Year 12 Entry

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.

Future outcomes

Industry overview

The growing demand for quantitative business skills is due to organisations realising the benefits they can gain from analysing ‘big data’ they now have ready access to, particularly in applications of financial risk evaluation as well as other forms of data mining, machine learning and other techniques across many industries.

The Bachelor of Actuarial Science will prepare students for rewarding careers in a range of disciplines, including:

Climatology
Business Consulting
Data Analytics and Predictive Algorithms
E-Commerce and Digital Marketing
Economics
Finance
Health Administration
Insurance
Quantitative Research and Infrastructure
Risk Management
Safety Assessment and Risk Mitigation
Statistical Inference
Superannuation and Lifetime Asset Management
Technology Innovation

Professional outcomes

Our graduates are highly sought after upon graduation and employable as a:

Investment Valuation Analyst
Portfolio Manager
Hedge Fund Manager
Actuarial Consultant
Insurance Actuary
Superannuation Actuary
Regulatory Actuary
Risk Assessment Analyst
Data Science Analyst
Liability Manager
Business Efficiency Consultant

Further study

High achieving students will be encouraged to complete their Bachelor of Actuarial Science (Honours) after successful completion of the program with Bond’s Centre for Data Analytics.

Undertaking the Bachelor of Actuarial Science (Honours) allows students with an Actuarial Science degree to further develop their technical skills and learn how they can be best used within a broader business and economic setting. In addition, it affords the opportunity to achieve Part 2 (Actuary Program) qualification status with the Actuaries Institute.

Professional accreditation

Bond is one of only seven universities in Australia, the only one in Queensland, to offer the fully accredited program by the Actuaries Institute and has recognition agreements with the Society of Actuaries (worldwide).

Bond Business School is among less than 7% of the world’s 13,000 business programs to have earned accreditation from the Association to Advance Collegiate Schools of Business (AACSB) and less than 2% have earned European Foundation for Management Development's (EFMD) European Quality Improvement System (EQUIS) accreditation. Bond Business School is both AACSB and EQUIS accredited placing us in the top 2% of Business Schools in the world.

Bond Business School is also 1 of 4 universities in Australia who are members of the Graduate Management Admission Council (GMAC), a tangible statement of the significant contribution our programs make to graduate management education.

Career readiness

At Bond, we believe education goes beyond the classroom. Our unique Beyond Bond program will expand your horizons with internships, global volunteering programs, international competitions, industry conferences, study tours, community service and much, much more.

Related courses

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"