Introduction
Actuarial Science is a qualification you can take anywhere in the world. It's a highly regarded profession that is high in demand and you'll be well rewarded for your analytical and problem solving skills and your ability to lead. Emerging as a key growth sector of the 21st century, actuarial science applies elements of economics, finance, statistics and advanced mathematics to interpret, manage and evaluate risk. Developed by Executive Dean Terry O’Neill, one of Australia’s leading academic authorities in the field, the Bachelor of Actuarial Science delivers smaller classes for personalised attention. Students experience unparalleled access to Bond Business School's two financial trading rooms and 40 Bloomberg terminals.
Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.
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. 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.
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. The Bachelor of Actuarial Science will prepare students for rewarding careers in a range of disciplines, including:
- Climatology
- Consulting
- Data Analytics
- E-Commerce
- Economics
- Finance
- Health
- Insurance
- Infrastructure
- Research
- Risk Management
- Safety
- Science
- Statistics
- Superannuation
- Technology
Bachelor of Actuarial Science comprises 24 subjects, as follows:
View the Program structure and sequence plans for page or all semesters of commencement.
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
Faculty core subjects (14)
- ACCT11-100 Accounting for Decision Making
- ACSC12-200 Mathematical Statistics
- ACSC12-201 Financial Mathematics
- ACSC13-300 Insurance Models
- ACSC13-301 Contingencies
- ACSC13-302 Advanced Modelling
- 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
- FINC13-305 Options and Futures
- STAT11-112 Quantitative Methods
Electives (7)
Students must choose seven (7) elective subjects from any faculty list of undergraduate subjects provided you meet the requirements of the subject. You are also encouraged to complete a major or minor to diversify your skills and enhance your employability.
Majors
Any major from the Bond Business School is available for a second major. Please note that when choosing a second major that due to the structure of some majors a full sequence of subjects cannot be provided for full accreditation. i.e Accounting and Actuarial Science. Please discuss with the Enrolment and Student Engagement Officer in the Student Business Centre if uncertain of choices.
Minors
A minor is a set of subjects that are sufficient to establish proficiency in a discipline without having to take all of the subjects that a major would take. All minors in the Bond Business School are available to Bachelor of Business, Bachelor of Commerce and Bachelor of Actuarial Science students.
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 and Student Engagement Officer in the Student Business Centre.
Students may also choose one of the following opportunities to use one or more of your elective subjects to have an international experience or an Internship opportunity provided you meet the requirements. Please discuss with the Enrolment and Student Engagement Officer in the Student Business Centre.
- Study Tour
The Study Tour requires approval from the Faculty. (Please note that Additional Costs 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. - Special Topic
The Special Topic is only available in exceptional circumstances and requires Program Director's approval.
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 businessmentoring@bond.edu.au
Academic requirements
Year 12 school leaver
Successful completion of Year 12 with a final score equivalent to ATAR 90 or higher. Knowledge of advanced mathematics is assumed.
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)
- Special Tertiary Admissions Test (STAT)
- 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
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.
Actuarial Science
Our programs in Actuarial Science offer a unique focus on financial risk and big data analytics. Ranked among the best and fastest growing careers in the world, the actuarial sector is expecting significant growth over the next five years.
Macquarie Trading Room
Offering a real world trading experience, the Macquarie Trading Room is the leading facility of its type in Australia.
