Specialise your career in Actuarial Science at Bond
The Master of Actuarial Science (Specialisation) at Bond University is a four semester program that provides those with an undergraduate degree in an alternative field the opportunity gain an Actuarial Science degree and complete actuary Part I subjects. In addition, you will have the opportunity to undertake a specialisation to assist you in identifying as an expert in an area of actuarial science. The recommended specialisation is Big Data, however, you have the option to choose any other Bond Business School specialisation. Any completed relatable undergraduate program will also gain you up to 40 credit points towards the Master of Actuarial Science - specialisation program.
The program will develop skills in the challenge of crunching 'big data' numbers to create practical solutions for real world problems. Upon graduating from Bond, employment opportunities include working as an investment analyst, portfolio manager or actuarial consultant.
Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.
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Try before you apply with a Postgraduate Test Drive
A Test Drive gives you the opportunity take a postgraduate degree for a spin and sample what your student experience would be like at Bond. Come and talk to us about your career goals and how we can tailor a journey to help you achieve them.
Postgraduate scholarships
As part of Bond University's 30th Anniversary celebrations in 2019, we are offering a number of partial tuition fee scholarships to high achieving domestic students applying to commence postgraduate studies at Bond University in 2019 or 2020.
What our students say
Lachlan Farr
“Personally I had never done any actuarial subjects before I started my master’s degree at Bond however they basically teach you from the ground up in actuarial work. The program would be best suited to anyone who has a strong interest in mathematics and problem solving”.
Lachlan Farr
“Personally I had never done any actuarial subjects before I started my master’s degree at Bond however they basically teach you from the ground up in actuarial work. The program would be best suited to anyone who has a strong interest in mathematics and problem solving”.
Key features
- Learn in smaller classes
- Unparalleled access to Bond Business School's two financial trading rooms and 40 Bloomberg data-sourcing terminals.
- Access to the Business School’s formal mentor program where you will be supported by academic staff, senior students and alumni.
About the program
The Master of Actuarial Science (Specialisation) 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 (Specialisation) will be taught via smaller classes for personalised attention and unparalleled access to Bond University's Macquarie Trading Room and Bloomberg data-sourcing terminals. Show more
The Master of Actuarial Science (Specialisation) 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 (Specialisation) will be taught via 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. 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 |
| Duration | 4 semesters (1 year 4 months) |
| Starting semesters |
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| Program type | Masters Coursework |
| Study area | Actuarial Science |
| Program code | BN-13122 |
| CRICOS code | 092655K |
| Credit for prior study | For more details on applying for credit, please contact the Student Business Centre: [email protected] |
The Master of Actuarial Science (Specialisation) will prepare students for rewarding careers in a range of disciplines, including:
- Climatology
- Consulting
- Data Analytics
- E-Commerce
- Economics
- Finance
- Health
- Insurance
- Infrastructure
- Research
- Risk Management
- Safety
- Science
- Statistics
- Superannuation
- Technology
Master of Actuarial Science (Specialisation) students must complete the following eleven required subjects:
- ACCT71-600 Accounting Principles
- ACSC71-200 Mathematical Statistics
- ACSC71-201 Financial Mathematics
- ACSC71-301 Contingencies
- ACSC71-304 Stochastic Modelling
- ACSC71-305 Actuarial and Financial Models
- ECON71-200 Econometrics
- ECON71-202 Macroeconomics
- ECON71-600 Economics For Business
- FINC71-601 Corporate Finance
- FINC71-603 Investments
Elective
- Students can choose 1 General Elective Subject (10CP).
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 an international experience or an Internship opportunity provided you meet the requirements. Please discuss with the Enrolment Advisor in the Student Business Centre.
- Study Tour
The Study Tour requires approval from the Faculty. (Please note that additional costs and visa requirements 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.
Specialisation
- Students must also take a specialisation (4 Subjects) from the list below
Please visit BBS Program Structure and Sequencing for guidance on study plans.
The below fees are based on an average per semester cost, fees may vary based on which subjects are selected and the number of subjects enrolled in for each semester:
- 2019 fees: $19,453 per semester (based on 4 subjects per semester)
- 2020 fees: $20,158 per semester (based on 4 subjects per semester)
Price may vary depending on elective discipline choice.
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 if you went to another university.
This time saving also represents a substantial reduction in accommodation and living costs, plus a full year of extra earnings.
Find out your financing options and other costs to consider.
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
Key dates
How to apply
In order to apply for study at Bond University, you will need to complete the Online Application Form. To find out more about the application process please refer to how to apply.
Specialisations
Students pursuing a postgraduate degree can tailor their studies with a specialisation depending on their interest or career goals. A specialisation comprises of 4 subjects from any of the below areas.
The Big Data specialisation incorporates the most current industry-relevant research with applications to data science, business analytics, and managing and analysing large data sets to support organisational needs. The specialisation will develop skills in the challenge of crunching 'big data' numbers to create practical solutions for real-world problems.
You must complete the following two subjects:
INFT71-216 Data Science
INFT71-223 Business Analytics and Big Data
Plus two subjects from the following options:
BUSN73-403 Advanced Econometrics
ECON71-200 Econometrics
INFT71-326 Advanced Regression
INFT73-361 Financial Trading Systems
The Digital Business specialisation incorporates the most current industry-relevant research with applications to information system design and analysis, business process modelling, information security and the impact of information technology on business process and operations and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles.
You must complete four subjects from the following options:
ACCT71-601 Information Analysis and Systems
INFT71-308 Operations and Supply Chain Management
INFT71-321 Business Systems and Processes
INFT73-361 Financial Trading Systems
The Finance specialisation incorporates the most current industry-relevant research with applications to finance principles, financial markets and corporate finance and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles.
You must complete the following two subjects:
FINC71-601 Corporate Finance
FINC71-607 International Financial Management
Plus two subjects from the following options:
FINC71-302 Finance Applications and Analysis
FINC71-305 Derivative Products
FINC71-318 Personal Investment
FINC71-603 Investments
FINC71-604 Capital Markets
FINC71-614 Mergers and Acquisitions
The International Business specialisation incorporates the most current industry-relevant research with applications to international trade, international finance, managing human resources and other challenges of managing and leading in a global environment and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles.
You must complete four subjects from the following options:
ECON71-303 International Trade
FINC71-607 International Financial Management
IBUS71-602 Global Business
IBUS71-610 Doing Business Globally
MGMT71-301 International Human Resource Management
The Marketing specialisation incorporates the most current industry-relevant research with applications to market research and analysis, customer analysis and relationship management, communication strategies and the use of digital and social media and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles. The Tourism Management specialisation provides a good understanding of the industry and the employment opportunities providing a springboard into employment in this exciting sector.
You must complete four subjects from the following options:
MKTG71-312 Internet and Social Media Marketing
MKTG71-600 Marketing Fundamentals
MKTG71-601 Customer Analysis
MKTG71-602 Market Research
MKTG71-604 Communication Strategies
The Tourism and Hotel Management specialisation incorporates the most current industry-relevant research with applications to Strategic Pricing and Revenue Management, Tourism Analysis and Evaluation, WHS Risk Management, Adventure Tourism, Sustainable Tourism and Indigenous Cultures and seeks to enhance graduates' planning, analytical and interpersonal skills in preparation for senior management roles. The Tourism Management specialisation provides a good understanding of the industry and the employment opportunities providing a springboard into employment in this exciting sector.
You must complete the following three subjects:
HRTM71-205 Strategic Pricing and Revenue Management
HRTM71-206 Tourism Analysis and Evaluation
HRTM71-212 WHS Risk Management
Plus one subject from the following options:
HRTM71-214 Adventure Tourism
HRTM71-220 Sustainable Tourism and Indigenous Cultures
Program variations
24/7 Access to Live Financial Markets
Macquarie Trading Room
Offering a real world trading experience, the Macquarie Trading Room is the leading facility of its type in Australia. You’ll be executing deals, managing portfolios and trading securities in real time based on current market conditions.