Master of Actuarial Practice

Bond University

Australia, Gold Coast

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587

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Bond University

Australia , Gold Coast

Key Facts

Program Level

Master by Course Work

Study Type

Full Time

Delivery

On Campus

Course Code

108630F

Campuses

Gold Coast

Program Language

English

Start & Deadlines

Next Intake DeadlinesSeptember-2026

Apply to this program

Go to the official application for the university

Duration 6 semester(s)

Tuition Fee

AUD 19,287 / semester(s)

Next Intake September-2026

Master of Actuarial Practice

About

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 in 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.

Requirements

Entry Requirements

Recognised 4 year Bachelor degree equivalent to an Australian Bachelor degree

4 year Bachelor degree - 4 point grading scale

Successful completion of a recognised Bachelor degree (or equivalent qualification) in any field. Must also meet subject prerequisites, see additional requirements.

Recognised 4 year Bachelor degree equivalent to an Australian Bachelor degree

4 year Bachelor degree - 5 point grading scale

Successful completion of a recognised Bachelor degree (or equivalent qualification) in any field. Must also meet subject prerequisites, see additional requirements.

English Program Requirements

English language proficiency requirements

Bond's programs are taught and assessed in English, so depending on your educational background and citizenship, you may be required to provide evidence that your English language ability meets our requirements. This may include submitting results from an approved English Language Test taken in the past two years - you can see the required results for the most common approved tests below. There are other ways to demonstrate English language proficiency and gain entry into this program, including demonstrating prior study in English, or other qualifications. If your qualification does not meet the English language requirements then you will need to provide an English proficiency test for admission.

International English Language Testing System (IELTS) Academic: International English Language Testing System (IELTS) Academic Overall score 6.5 with no sub score less than 6.0
Pearson Test of English (PTE) Academic: Pearson Test of English (PTE) Academic Overall score 58 with no Communicative Scores below 50
Test of English as a Foreign Language Internet-Based Test (TOEFL iBT): Test of English as a Foreign Language Internet-Based Test (TOEFL iBT) Overall score 79 (no scores below 21 in Writing, 18 in Speaking, and 16 in Reading and Listening)

Career

Where will your degree take you?

As organisations continue to realise the benefits gained from detailed understanding of their quantitative risk profiles and other information theoretic business components, the demand for actuarially trained individuals has continued to increase broadly across all sectors.

Bond actuarial graduates are very well placed in the job market with skills highly transferrable between countries.

Outcomes

Actuary

Actuaries are well rewarded for their analytical and problem-solving skills in a growing number of industries. A newly qualified fellow can expect to earn around $125,000 per year and incomes rise quickly while senior actuaries can easily earn over $300,000 a year. No longer restricted to the finance and insurance industries, opportunities for actuaries are emerging in diverse areas such as health, education, energy and environment, public infrastructure, and genetics.

Business Analyst

The projected job growth over the next five years for business analysts is 29.6% making the profession in high demand across various industries. The skill set you gain from an actuarial science degree may also prepare you for a career as a business analyst, where your work will typically involve examining the operations, structure and policies of an organisation and recommending solutions to enable them to achieve their goals.

Data Scientist

A data scientist is responsible for designing and implementing data-based collection and models, creating algorithms and predictive outcomes. Their role encompasses developing tools, automation systems and data frameworks to both frame and solve complex problems.