Exemptions

If you study an undergraduate ‘Actuarial Studies’ major or specialisation, you may be eligible for exemptions for Foundation Program subjects of the Actuaries Institute. You may also be eligible for Actuary Program subject exemptions by completing an Honours year (refer to the Masters section below).

Exemption for each Foundation subject will be based on sufficient grades in one or more of the Monash units listed below. You need to take every unit relevant to a Foundation subject. Where only one unit is listed, you must get a distinction grade in that unit. Where two or more units are listed, you will need to get an overall weighted average distinction grade, with a minimum of a credit in each unit.

The current weighting percentages are:

You will also need to complete ETC1000, ETC2410 and ETC2440, as prerequisites for some of the second and third year ETC units.

If you study the Master of Actuarial Studies, or Bachelor of Commerce (Honours) Major in Actuarial Studies you may be eligible for exemptions for Foundation or Actuary Program subjects of the Actuaries Institute.

Exemption for each subject will be based on sufficient grades in one or more of the Monash units
listed below. You need to take every unit relevant to a Foundation or Actuary subject. Where only one
unit is listed, you must get a distinction grade in that unit. Where two or more units are listed, you will
need to get an overall weighted average distinction grade, with a minimum of a credit in each unit.

The current weighting percentages are:

You will also need to complete ETC2410, as it is a prerequisite for some of the ETC53XX units.