Master of Actuarial Science (Specialisation)

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

108629K

Campuses

Gold Coast

Program Language

English

Start & Deadlines

Next Intake DeadlinesJanuary-2026

Apply to this program

Go to the official application for the university

Duration 6 semester(s)

Tuition Fee

AUD 19,260 / semester(s)

Next Intake January-2026

Master of Actuarial Science (Specialisation)

About

A career in Actuarial Science opens the doors to careers in a wide range of fields in jobs which are in high demand. Studying Actuarial Science at Bond will develop your skill in all aspects of the quantitative assessment of business including financial risk evaluation and management as well as economic modelling and prediction. In addition, it includes opportunities to learn techniques in the important and growing field of business analytics to help create practical solutions for real-world problems.

The Master of Actuarial Science (Specialisation) is a four-semester program that provides those with an undergraduate degree in an alternative field the opportunity to gain Part I (Foundation program) accreditation from the Actuaries Institute.

Graduate an expert in an area of actuarial science with the opportunity to undertake a specialisation during your studies. The recommended specialisation is Data Analytics, however, students have the option to choose any other Bond Business School specialisation.

Any completed relatable undergraduate program will also gain you up to 30 credit points towards the Master of Actuarial Science - Specialisation program.

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?

Actuaries are in high demand for their range of quantitative business knowledge and problem-solving skills in a range of industries. This field of work is no longer restricted to the insurance and financial sectors, there are new opportunities arising in diverse areas such as climatology, health, e-commerce, energy and environment, genetics, and public infrastructure.

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

Outcomes

Actuarial consultant

Actuarial consultants are experts in quantifying financial risk and advise clients on investments and insurance related decisions using a variety of risk and cost analysis measurements.

Risk analyst

Risk analysts work with data and statistics, and advanced mathematical formulas to provide companies with a comprehensive analysis of their financial, and operational outlook. They will review risk factors and assess their likelihood of occurring, and the impact this will cause the organisation and provide an overall rating and make suggestions on what controls/ structures an organisation needs to put in place in order to minimise, or manage those risks.

Data Scientist

The need for data analysts will continue to grow, as companies continue to increase usage of large data sources. Data scientists examine vast amounts of varied information, helping organisations identify ways of reducing costs, and finding new opportunities to grow revenue by modelling and translating observed statistical relationships into meaningful business information, and effectively communicating their findings.