The demand for mathematical and quantitative modelling skills has continued to increase broadly across all sectors as organizations realise the benefits they can gain from augmenting traditional decision-making with high quality data-based analyses and predictive outcomes based on long-term risk assessment and management. Bond Actuarial Science graduates are very well placed in the job market with skills highly transferrable between countries.
Actuaries are well-rewarded for their analytical and problem-solving skills in a growing number of industries. A newly qualified fellow can expect to earn around $125,000 per year and incomes rise quickly while senior actuaries can easily earn over $300,000 a year. Actuaries are no longer restricted to the finance and insurance industries, opportunities for actuaries are opening up in diverse areas such as health, education, energy and environment, public infrastructure, and genetics.
Business analysts help companies improve process efficiencies through the analysis of past data and provide recommendation reports to executives and stakeholders.
A data scientist is responsible for designing and implementing data-based collection and models, creating algorithms and predictive outcomes. Their role encompasses developing tools, automation systems and data frameworks to both frame and solve complex problems.
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 Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries (SOA).
Program learning outcomes
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge, skills and abilities that will be achieved on completion of the program. These outcomes will help you determine whether this program aligns with your professional pathway, career and learning goals.
View Bachelor of Actuarial Science learning outcomes
- Apply relevant theories, concepts and techniques to common tasks within the field of actuarial science.
- Critically analyse and evaluate common issues or problems in the field of actuarial science.
- Generate creative solutions that address an identified actuarial science need, opportunity or problem.
- Reflect on one's personal learning experience to extract and evaluate insights.
- Recognise the cultural, environmental and social considerations of individual behaviour and organisational operations in a field of actuarial science.
- Demonstrate the capacity to act in accordance with the principles and values expected of professional practitioners in actuarial science.
- Orally communicate actuarial science information to a diverse professional audience using appropriate visual aides.
- Articulate actuarial science ideas, decisions, recommendations and other information in a clear, concise writing style tailored to a given audience.
- Collaborate effectively with others to complete a project or group task.
Take your skill set to the next level
Gain insight into the world of actuarial science
Actuarial science is a hugely sought-after career – it has after all frequently topped best job rankings over the past few years – but what skills make for a good actuary, what do actuaries do day-to-day, and why should you study it? Discover what you could expect from a career in actuarial science