Further your career with a Master of Actuarial Science
The September semester for this program will be delivered in a multi-modal format with a mixture of on-campus, mixed mode and remote classes. All students will be able to access Bond’s exceptional, personalised learning experience regardless of their location. For students who are able to attend campus, we are working toward the resumption of face-to-face classes especially for small group instruction such as tutorials, seminars, workshops and lab sessions.
A Master of Actuarial Science at Bond University is a short three-semester program that provides those with an undergraduate degree in an alternative field of study an opportunity to gain an Actuarial Science master’s degree and complete Actuarial Part I (Foundation program) subjects.
A Master of Actuarial Science will develop your skills in the challenge of crunching 'big data' numbers to create practical solutions for real-world problems. Bond is the only university in Queensland to be Accredited by the Actuaries Institute and 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 program will develop skills in the challenge of crunching 'big data' numbers to create practical solutions for real-world problems.
The Master of Actuarial Science provides all university components of Part I (Foundation Program) exemptions with the Actuaries Institute.
Students who have successfully completed cognate undergraduate programs may be eligible for advanced standing of up to 40 credit points towards the Master of Actuarial Science program.
Campus and Bond University Experience
For the past 15 years, Bond University has been recognised as Australia’s number one university for student experience according to the Good Universities Guide. In addition, The Bond Business School rates number one in Australia for business and management in Learner Engagement, Learning Resources, Overall Quality of Educational Experience, Skills Development, Student Support and Teaching Quality.
As a Bond student, you will have unparalleled access to the Bond FinTech Hub. Our students gain practical experience in executing deals, managing portfolios, trading financial securities and changing market conditions. Access to these facilities prepare our graduates to ‘hit the ground running’ in financial organisations. Bond Business School has 40 Bloomberg terminals, the most of any university in Australia and officially a member of the Bloomberg Experiential Learning Partner (ELP) Program. We are proudly 1 of only 3 universities in Australia to achieve this partnership.
What our students say
- Learn in small class sizes. Our 10:1 student to teacher ratio and access to academics opens doors to industry placements, research projects, job opportunities and help whenever you need it
- Experience global business environments with international Study Tours available within Asia, South-East Asia and Silicon Valley
- Have the opportunity to gain a Bloomberg certification during your degree and unlock your potential for more job opportunities in the global market
- Have the opportunity to gain industry experience while you study
- Access an array of state-of-the-art learning resources including the Bond FinTech Hub, Commercialisation Centre, Centre for Actuarial and Financial Big Data Analytics and Transformer.
About the program
Accredited by the Actuaries Institute, the Master 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 Master of Actuarial Science will be taught via smaller classes for personalised attention and unparalleled access to Bond University's Bond FinTech Hub and Bloomberg data-sourcing terminals. Show more
Accredited by the Actuaries Institute, the Master 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 Master of Actuarial Science will be taught via smaller classes for personalised attention and unparalleled access to Bond University's Bond FinTech Hub and Bloomberg data-sourcing terminals. The program will develop 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. The successful completion of the program at an appropriate level of performance will lead to Part I 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.
|Duration||3 semesters (1 year)|
|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 Science program comprises 12 subjects, as follows:
Required subjects (12)
- 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
- ECON71-200 Econometrics
- ECON71-202 Macroeconomics
- ECON71-600 Economics For Business
- FINC71-601 Corporate Finance
- FINC71-603 Investments
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 2020: $20,000* per semester average
- Students commencing study in 2021: $20,720* per semester average
Total program fee:
- Students commencing study in 2020: $60,000
- Students commencing study in 2021: $62,160
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 Science requires the completion of an undergraduate degree from a recognised institution and well-developed 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 growing demand for data science skills is due to organisations realising the benefits they can gain from analysing big data, particularly in applications of data mining, machine learning and other techniques across many industries. The Master of Actuarial Science will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management
Our graduates are highly sought after upon graduation and employable as a:
- Investment analyst
- Portfolio Manager
- Actuarial Consultant
- Insurance Actuary
- Superannuation Actuary
- Risk Analyst
- Big Data Analyst
- Liability Manager
High achieving students will be encouraged to complete their Doctor of Philosophy (PhD) with Bond’s Centre for Actuarial and Financial Big Data Analytics.
Bond’s Actuarial Science programs are the only programs in Queensland accredited by the Actuaries Institute and offer a unique focus on financial risk and big data analytics. You will gain unparalleled access to the Bond FinTech Hub, featuring dual-monitor computer stations, large projection displays and live Bloomberg financial market data.
Bond Business School is among less than 7% of the world’s 13,000 business programs to have earned accreditation from the Association to Advance Collegiate Schools of Business (AACSB) and less than 2% have earned European Foundation for Management Development's (EFMD) European Quality Improvement System (EQUIS) accreditation. Bond Business School is both AACSB and EQUIS accredited placing us in the top 2% of Business Schools in the world.
Bond Business School is also 1 of 4 universities in Australia who are members of the Graduate Management Admission Council (GMAC), a tangible statement of the significant contribution our programs make to graduate management education.
As a graduate of Bond’s Master of Actuarial Science, you will have a competitive edge in your career. Employer satisfaction with graduates from Bond University has been rated highest in Australia for two years in a row, according to the 2019 Employer Satisfaction Survey published by the Department of Education and Training.