Actuarial Science - B2033

Actuarial Science

Bachelor degree

Learn to evaluate risk and opportunity in a business setting, and use your findings to influence some of society’s most important economic structures

In a Bachelor of Actuarial Science you’ll learn to apply mathematical concepts to real-life scenarios, and use your analytical skills to help companies plan for the future. As you further develop your maths and analytical skills, you’ll start to use a range of concepts and data findings to solve real commercial problems.

At a glance

Subject prerequisites

English Maths Sciences / Other
Tick Tick N/A

Course Details

Location
  • On-campus at Clayton: Full time
Duration
  • 3 years (full time)
Start date First Semester (February), Second Semester (July)
Course Handbook

A Bachelor of Actuarial Science will give you technical and analytical skills. It covers financial accounting, microeconomics, macroeconomics and economic statistics.

You’ll learn about the foundations of finance, corporate finance, debt markets and fixed incomes securities and apply mathematical concepts to real-life scenarios.

This degree is accredited by the Actuaries Institute, and may allow you to achieve Part I of the Actuaries Institute professional qualification.

Entry Requirements

You need to satisfy the following entrance requirements to be considered for entry to this course.

Minimum Entry Requirements (International students)

Qualifications

Equivalent Australian Year 12

Subject prerequisites

All applicants must satisfy the following prerequisites or their equivalents.

Australian VCE subjects

English
Units 3 & 4: a study score of at least 30 in English (EAL) or 25 in English other than EAL

Maths
Units 3 & 4: a study score of at least 25 in one of Mathematical Methods (any) or Specialist Mathematics

Sciences/Other
N/A

IB subjects

English
At least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL

Maths
At least 4 in Mathematics SL or 3 in Mathematics HL or 3 in Further Mathematics HL

Sciences/Other
N/A

All applicants must satisfy the equivalence of the VCE subject prerequisites.

VET Certificate IV, Diploma or Advanced Diploma graduates:

Applicants will require a minimum of 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. Programs that involve competency-based assessment without grades or marks will not meet the admission requirements.

Entire academic record
This course uses the entire academic record as part of its selection considerations.

University: Applicants will require a minimum of 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. A minimum of two single units must be completed in order to meet minimum admission requirements.

Entire academic record
This course uses the entire academic record as part of its selection considerations.

Multiple pathways to this course

Applicants who have successfully completed Year 12 are eligible to apply for this course.

Applicants with no formal secondary or tertiary qualifications are not eligible to apply for this course. This course uses the entire academic record as part of its selection considerations.

There are many ways to gain entry to a course at Monash. If you don't meet our entry requirements, there are pathways to help. More about alternative pathways...

Additionally, we recognise that some applicants may have experienced difficulties that have disadvantaged them when applying for university. We offer a range of special admissions schemes that may help you gain entry to your chosen course.More about special admissions schemes...

All applicants must satisfy the equivalence of the VCE subject prerequisites

Alternative qualifications and prerequisites

For other domestic and international qualification entry requirements and scores for this course use the study credit and admissions eligibility search.

English entry requirements

Level A
IELTS: 6.5 overall (no band lower than 6.0) TOEFL Paper-based test: 550 with a TWE of 4.5 TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18 Equivalent approved English test

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Extra Requirements

Applicants are strongly advised to complete the VTAC Personal Statement.This ensures all relevant information is considered in the selection process.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B2033.

Semester two (July)

Apply directly to Monash using course code B2033.

For applications Direct to Monash

Apply directly to Monash with this course code: B2033

Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer...

Self assess for credit eligibility

Check for study credit using the "Credit search" link on the Credit for prior study page

Fees

Fees are subject to change annually.

International fee

Fees are per 48 credit points which represents a standard full-time course load for a year.

A$45,000

Scholarships

We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Other costs and fees

For information on other study costs and fees, see other study costs.

Enrolment Obligations

International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.

CRICOS code: 097257F

The course develops through the four themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study.

Partner with another course

Double degree courses allow you to study towards two different degrees at the same time, and graduate with two separate qualifications. And because a required subject in one course can count as an elective in the other, our double degrees take up to two years less than if you studied for the two degrees separately.