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A Master in Actuarial Practice starts here

The Master of Actuarial Practice at Bond University is a five-semester degree that provides those with an undergraduate degree in an alternative field the opportunity to complete all actuarial Part I and Part II subjects. In addition, you will have the opportunity to undertake a specialisation. The recommended specialisation is Big Data, however students also have the option to choose any other Bond Business School specialisation. This 92-week program contains a 20-week thesis component in the final semester designed to support learning, personal development and professional practice. Bond Actuarial graduates are thus very well placed in the job market and the skills are highly transferable between countries. Students from cognate undergraduate programs may be eligible for advanced standing of up to 40 credit points in the Master of Actuarial Practice program. 

Bond is the only university in Queensland to offer the fully accredited program by the Actuaries Institute.

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.

What our students say

“What I enjoy in the program is the intersection of different fields including finance, maths, statistics and IT. Companies these days need people to analyse data and explain to them how it can benefit or affect their business. The Actuarial Science program gives you the technical understanding as well as the business context in order to explain that in a way people can understand”.

Mark Johnman Actuarial Science Student

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

Provisionally 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. Show more

Provisionally 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 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. Show less

ModeOn Campus
Duration92 weeks
Starting semesters
  • September 2017
  • January 2018
  • May 2018
  • September 2018
Program typeMasters Coursework
Study areaActuarial Science
Program codeBN-13120
CRICOS code083211B
Credit for prior studyFor more details on applying for credit, please contact the Student Business Centre: [email protected]

The Master of 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

Master of Actuarial Practice students must complete the following eleven subjects:

Plus the following four professional subjects:

Plus five approved elective subjects.
or
One of the postgraduate specialisations plus one elective subject.

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 and Student Engagement Officer in the Student Business Centre.   

  • Study Tour
    The Study Tour requires approval from the Faculty. (Please note that Additional Costs 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.
  • Special Topic
    The Special Topic is only available in exceptional circumstances and requires Program Director's approval.

The total program fees for the Master of Actuarial Practice are:

  • $90,256
  • $93,943

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 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.

Specialisations

Complete four subjects from one of the following specialisations:

Program variations

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Our academics

“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 Assistant Professor

Read more