Master of Actuarial Science

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

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.

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

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 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:

• Climatology 
• Consulting 
• Data Analytics 
• E-Commerce 
• Economics 
• Finance
• Health
• Insurance
• Infrastructure
• Research
• Risk Management
• Safety
• Science
• Statistics
• Superannuation 
• Technology