The Master of Actuarial Practice is a five semester degree for postgraduate students. This degree provides students with the opportunity to complete all actuarial Part I and Part II subjects. In addition, students have the opportunity to undertake a specialisation. The recommended specialisation is Big Data, however students also have the option to choose any other Bond Business School specialisation. This 92 week program contains a 20 week thesis component in the final semester.
Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.
About the program
Provisionally accredited by the Actuaries Institute, the Master of Actuarial Practice is an innovative and immersive program that combines advanced mathematics, statistics, data analytics, actuarial risk theory, finance, economics and accounting with large-scale, real-life commercial data analysis to develop techniques for the management of risk and business decision making. An integral part of this degree is the development of research skills and actuarial judgement through the Actuarial Control Cycle subjects and the Actuarial Research Thesis subject.
The Master of Actuarial Practice will deliver smaller classes for personalised attention and unparalleled access to Bond University's Macquarie Trading Room and Bloomberg data-sourcing terminals. The program will develop skills in the challenge of handling ‘big data’ to create practical solutions for real world problems.
The Master of of Actuarial Practice will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management
Master of Actuarial Practice students must complete the following eleven subjects:
- ACSC71-200 Mathematical Statistics
- ACSC71-201 Financial Mathematics
- ACSC71-300 Insurance Models
- ACSC71-301 Contingencies
- ACSC71-302 Advanced Modelling
- ACCT71-600 Accounting Principles
- ECON71-202 Macroeconomics
- ECON71-600 Economics For Business
- FINC71-305 Derivative Products
- FINC71-601 Corporate Finance
- FINC71-603 Investments
Plus the following four professional subjects:
- ACSC71-400 Actuarial Control Cycle 1
- ACSC71-401 Actuarial Control Cycle 2
- ACSC71-402 Investments and Asset Modelling
- ACSC71-403 Actuarial Research Essay (20 Weeks) (Final Semester Subject)
Plus five approved elective subjects.
One of the postgraduate specialisations plus one elective subject.
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 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.
Academic entry requirements
Entry into the Master of Actuarial Practice requires the completion of an undergraduate degree from a recognised institution and well-developed advanced mathematical abilities.
Please contact the Office of Future Students for further information.
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
How to apply
Complete four subjects from one of the following specialisations:
Plus two subjects from the following options:
BUSN73-403 Advanced Econometrics
INFT71-326 Advanced Regression
INFT71-327 Advanced Big Data Projects and Case Study
INFT73-361 Financial Trading Systems
Plus two subjects from the following options:
FINC71-302 Finance Applications and Analysis
FINC71-305 Derivative Products
FINC71-318 Personal Investment
FINC71-604 Capital Markets
FINC71-608 Behavioural Finance
FINC71-614 Mergers and Acquisitions
You must complete four subjects from the following options: