Bachelor of Actuarial Science

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 (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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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.

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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. 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
Duration	6 semesters (2 years)
Starting semesters	January 2020 May 2020 September 2020 January 2021 May 2021 September 2021 January 2022 May 2022 September 2022
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]

Professional outcomes

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.

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 (13)

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]

Program fees

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)

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.

Admission criteria

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

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.

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"