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Master of Actuarial Practice

Program overview

The demand for actuarial skills in evaluating risk, creating innovative business solutions as well as analysing complex data is continually on the rise, with organisations increasingly aware of the benefits to be gained from interpreting and understanding quantitative information of all kinds. If you enjoy mathematics and want to develop high-level quantitative analysis skills to solve problems in a business context, then step into a career as a qualified Actuary.

Accredited by the Actuaries Institute, Bond’s Master of Actuarial Practice will not only prepare you for a job that is in high demand, but also develop a diverse skill set mathematics, programming, finance, and data science that can be transferred across numerous industries and disciplines. 

An innovative and immersive program, you can specialise in Data Analytics or take the opportunity to specialise in any of the large range of Bond Business School discipline areas.

For students without a related undergraduate degree, the Master of Actuarial Practice is a six-semester program which covers all university components of the Foundation (Part I) and Actuary (Part II) qualification programs as set out by the Actuaries Institute.

Program code: BN-13146

CRICOS code: 108630F

Program overview

The demand for actuarial skills in evaluating risk, creating innovative business solutions as well as analysing complex data is continually on the rise, with organisations increasingly aware of the benefits to be gained from interpreting and understanding quantitative information of all kinds. If you enjoy mathematics and want to develop high-level quantitative analysis skills to solve problems in a business context, then step into a career as a qualified Actuary.

Accredited by the Actuaries Institute, Bond’s Master of Actuarial Practice will not only prepare you for a job that is in high demand, but also develop a diverse skill set mathematics, programming, finance, and data science that can be transferred across numerous industries and disciplines. 

An innovative and immersive program, you can specialise in Data Analytics or take the opportunity to specialise in any of the large range of Bond Business School discipline areas.

For students without a related undergraduate degree, the Master of Actuarial Practice is a six-semester program which covers all university components of the Foundation (Part I) and Actuary (Part II) qualification programs as set out by the Actuaries Institute.

Program code: BN-13146

CRICOS code: 108630F

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Meet Professor of Data Science Steven Stern

About this 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. 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.

Program specific scholarships

Bond Business School Postgraduate Bursaries

The Bond Business School Postgraduate Bursary has been developed to financially assist new postgraduate students enrolling in certain programs within the Bond Business School. The bursary will be assessed on a variety of factors including your contribution to the community.

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What you'll be studying

  • Semester 1

    In the initial semester, you will begin to immerse yourself in the basics of Financial Mathematics, Accounting Principles and Economics for Business as your first subjects in these fields.

  • Semester 2

    In Semester 2, you will start diving into some of your intermediate level subjects in the theory and practice of statistical inference such as Mathematical Statistics and Linear Models and Applied Econometrics. You will study classical regression models, binary choice models and their applications. You will also dive into areas of probability and distribution theory, discrete and continuous random variables and more.

  • Semester 3

    In semester 3, you will continue with your data science and finance coursework, including Survival Analysis, Stochastic Processes and Corporate Finance. You will study areas of Markov chain model applications, an in-depth examination of an organisation’s three key financial decisions, and the estimation and application of a variety of survival models for censored data.

  • Semester 4

    In this semester, you will complete your study stochastic asset liability models and the valuation of financial derivatives, as well as understanding and explaining the importance of national income and the theory.

  • Semester 5

    In this semester you will begin your study of the Actuarial Control Cycle and use it as a framework to analyse the impact of issues such as legislative changes and technological changes in commercial and business environments. You will take on a problem-based learning approach, using case studies and business-based examples.  In addition, you will undertake detailed study of data analytic techniques and statistical learning models.

  • Semester 6

    In your final semester, you will complete your complete your study of the Actuarial Control Cycle focusing on advanced applications to a broad array of business issues.  In addition, you will complete an Actuarial Research Essay, designed to support learning, personal development, and professional practice.

    This study overview is based on a full-time study load of three subjects per semester with a January start.

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Program features

  • Accredited program

    This six-semester program covers all university subject components of the Actuarial Part I (Foundation) and Part II (Actuary Program) qualification with the Actuaries Institute.

  • Gain real experience

    Strong focus on financial risk and big data analytics, meaning you graduate better prepared for the future of business and the jobs of tomorrow.

  • Networking opportunities

    As a Bond student you will have access to an array of networking opportunities featuring high profile Australian and International business leaders.

  • Gain Bloomberg skills

    As an Actuarial student, by gaining a globally recognised Bloomberg certification during your studies, you will demonstrate a high level of competency using the Bloomberg professional service.

  • Standout facilities

    Unparallel access to an array state-of-the-art learning resources including the Bond FinTech Hub, Commercialisation Centre, Centre for Data Analytics, and Transformer.

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Hear from our Bondies

  • Master of Actuarial Practice

    "Bond is the only university in Queensland to offer an accredited actuarial science degree, and the fact that the class sizes are so small made it an easy decision to study at Bond. Apart from the great academic experience it is also very easy to get involved in other extracurricular activities. I was lucky enough to part of the 180 Degrees Consulting team where we were tasked with providing a company with ways and ideas to improve their overall impact".

    Zandri Lategan - Alumna
  • Data Analytics

    “This degree is a great choice if you enjoy mathematics and want to develop high-level quantitative analysis skills and use them to solve important problems in a business context. This degree is also a great opportunity to complete all of the Part I and Part II subjects for actuarial accreditation”.

    Adrian Gepp - Associate Professor
PreviousNext

Hear from our Bondies

  • Data Analytics

    “This degree is a great choice if you enjoy mathematics and want to develop high-level quantitative analysis skills and use them to solve important problems in a business context. This degree is also a great opportunity to complete all of the Part I and Part II subjects for actuarial accreditation”.

    Adrian Gepp - Associate Professor
  • Master of Actuarial Practice

    "Bond is the only university in Queensland to offer an accredited actuarial science degree, and the fact that the class sizes are so small made it an easy decision to study at Bond. Apart from the great academic experience it is also very easy to get involved in other extracurricular activities. I was lucky enough to part of the 180 Degrees Consulting team where we were tasked with providing a company with ways and ideas to improve their overall impact".

    Zandri Lategan - Alumna
PreviousNext

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