A Master in Actuarial Practice starts here
The September 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.
The Master of Actuarial Practice at Bond University is a five-semester degree that provides those with an undergraduate degree in an alternative field the opportunity to complete all actuarial Part I (Foundation Program) and Part II (Actuary Program) subjects. In addition, you will 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 designed to support learning, personal development and professional practice. Bond Actuarial graduates are thus very well placed in the job market and the skills are highly transferable between countries. Students from cognate undergraduate programs may be eligible for advanced standing of up to 40 credit points in the Master of Actuarial Practice program.
Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.
What our students say
- Learn in smaller classes
- Unparalleled access to Bond Business School's two financial trading rooms and 40 Bloomberg data-sourcing terminals
- Opportunity to experience global business environments with international Study Tours available within Asia, South-East Asia and Silicon Valley.
About the program
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. Show more
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 Bond Fin Tech Hub 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 successful completion of the program at an appropriate level of performance will lead to Part I and Part II 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.
|Program type||Masters Coursework|
|Study area||Actuarial Science|
|Credit for prior study||For more details on applying for credit, please contact the Student Business Centre: [email protected]|
The Master of Actuarial Practice program comprises 20 subjects, as follows:
Required subjects (13)
- ACCT71-600 Accounting Principles
- ACSC71-200 Mathematical Statistics
- ACSC71-201 Financial Mathematics
- ACSC71-301 Contingencies
- ACSC71-305 Actuarial and Financial Models
- ACSC71-306 Stochastic Processes
- ACSC71-307 Survival Analysis
- DTSC71-200 Data Science
- ECON71-200 Econometrics
- ECON71-202 Macroeconomics
- ECON71-600 Economics For Business
- FINC71-601 Corporate Finance
- FINC71-603 Investments
Professional subjects (4)
- ACSC71-400 Actuarial Control Cycle 1
- ACSC71-401 Actuarial Control Cycle 2
- ACSC71-403 Actuarial Research Essay (20 Weeks) (final semester subject)
- DTSC71-302 Statistical Learning and Regression Models
- Students can choose 3 General Elective Subjects (30CP).
- 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.
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.
- The Study Tour requires approval from the Faculty. (Please note that additional costs and visa requirements are associated with this subject).
- The Internship requires a 2.0 GPA and approval from the Faculty with an application to the Career Development Centre.
- The Individual Study Topic is only available in exceptional circumstances and requires the Program Director's approval.
Please visit BBS Program Structure and Sequencing for guidance on study plans.
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: $20,818* per semester average
Total program fee:
- Students commencing study in 2021: $104,090
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.
* 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.
* Note: for students commencing January 2021 the University has held the 2020 tuition fee amount in recognition of the current circumstances, with 2021 fees effective only from the University’s May 2021 semester.
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
The Master of Actuarial Practice will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management