Master of Actuarial Practice

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.

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

Elective (3)

• 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.

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 2.0 GPA and approval from the Faculty with an application to the Career Development Centre.

Individual Study Topic

• 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.

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

Key dates

Bond University calendar

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.

The Master of Actuarial Practice 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