Actuarial Science - B2033

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.

If you’re big on numbers and the role they play in our day‑to‑day lives, actuarial science could help you turn your curiosity into a promising commercial career. Actuaries play major roles in a range of organisations - in insurance, superannuation, business and financial services, scientific and social research, and engineering.

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At a glance

Subject prerequisites
English Maths Sciences / Other
Tick Tick N/A

Course Details

Location
  • On-campus at Clayton: Full time & part time
Duration
  • 3 years (full time)
  • 6 years (part time)
Start date
First Semester (February)
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.

"I really enjoy looking at data, trying to find answers from data, and working with it in a way that allows me to predict what happens in the future." - James Nguyen (Bachelor of Actuarial Science)"

Entry Requirements

Entry Requirements (Domestic students)

You need to satisfy all of the following requirements to be considered for entry into this course.

Qualifications

Equivalent Australian Year 12

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 requirements

Applicants must also meet the English language requirements.

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.

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.

Making the application

Future students

Semester one (February)

Applications for on campus studies should be made online through the Victorian Tertiary Admissions Centre

Apply through VTAC

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.

Commonwealth supported place (CSP)

The average annual student contribution amount is:

Fees to be advised.

Note: see information on how average fee is calculated.

Full fee

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

A$30,200

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 fees

The Student Services and Amenities Fee applies to some students each calendar year.