About the program
* As of January 2017, this program has been suspended and will not be taking new students. The following information is being retained for students currently enrolled in the program.
Emerging as a key growth sector of the 21st century, actuarial science applies elements of economics, finance, statistics and advanced mathematics to interpret, manage and evaluate risk. Never before have organisations had such extraordinary access to personal information, health statistics, buying habits, population movement, employment trends and much, much more. In these numbers lie the answers to the big questions that really matter.
Provisionally accredited by the Actuaries Institute, the Master of Actuarial Science (Professional) is an innovative and immersive program that combines advanced mathematics, statistics, data analytics, actuarial risk theory, finance, economics and accounting subjects with large-scale, real-life commercial data analysis. Developed and taught by Professor Terence O’Neill, one of Australia’s leading academic authorities in the field, the Master of Actuarial Science (Professional) will deliver smaller classes for personalised attention.
Students will gain unparalleled access to Bond Business School's two financial trading rooms and 40 Bloomberg terminals - the most of any university in Australia.
The professional program follows the same structure as the Master of Actuarial Science program with an additional 20-week Work Integrated Learning component. Work Integrated Learning is a 45 credit point subject designed to promote and support learning, personal development and professional practice. The subject focuses on developing self-analysis and reflective learning skills, and applying theoretical solutions for practical workplace problems.
The Master of Actuarial Science (Professional) will prepare students for rewarding careers in a range of disciplines, including:
- Data Analytics
- Risk Management
Students must complete the following ten (10) core subjects:
- ACSC71-200 Mathematical Statistics
- ACSC71-201 Financial Mathematics
- ACSC71-300 Insurance Models
- ACSC71-301 Contingencies
- ACSC71-302 Advanced Modelling
- BUSN71-701 Work Integrated Learning
- ECON71-202 Macroeconomics
- FINC71-305 Derivative Products
- FINC71-601 Corporate Finance
- FINC71-603 Investments
Plus seven (7) approved elective subjects.
Academic entry requirements
Entry into the Master of Actuarial Science (Professional) 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