Actuarial Science - B2033
Behind every economic or commercial decision is a certain level of risk. How do businesses assess that risk so that they can make the best possible decisions, stay resilient and seize the right opportunities? By calling on the analytical minds of actuaries.
They’re the keen quantitative thinkers who assess risk, forecast futures and solve crucial business challenges. So it’s no surprise that this skill set is one of the most in-demand in the world of business and finance.
YOUR BUSINESS CAREER BEGINS HERE
The Bachelor of Actuarial Science helps you build your own skills in this area and get a clearer picture for your career opportunities as well. The course will show you how to apply mathematical and statistical concepts to real-world scenarios – as you learn how to evaluate risks and uncover opportunities, or positively influence economic structures to keep the pace of our rapidly-evolving world.
Financial accounting, micro and macroeconomics and economic statistics form the foundation for your study, which you can then apply to areas including corporate finance, debt market and fixed income securities. Completing this course will bring you one step closer to providing professional actuarial advice in Australia and overseas – with the degree accredited by the Actuaries Institute. It might also lead you into the Foundation Program of the Actuaries Institute professional qualification.
IMAGINE WHAT YOU COULD DO
The career pathways available are both broad and far-reaching. Actuaries work in many fields of finance and business, the major ones being:
- In life, general or health insurance, superannuation and financial consulting.
- In investment operations for asset managers, stokebrokers, and banks.
- In government-related jobs in regulatory control, workers’ compensation, and education. As well long-term strategic planning with large companies and in the broader fields of risk management, banking and data analysis.
Ready to think analytically today to guide businesses toward tomorrow?
At a glance
Subject prerequisites
| English | Maths | Sciences / Other |
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| N/A |
Course Details
Location |
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Duration |
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Start date |
First Semester (February) |
Qualification |
Bachelor of Actuarial Science |
A Bachelor of Actuarial Science will give you technical and analytical skills. It covers financial accounting, microeconomics, macroeconomics and economic statistics.
You will 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 the Foundation Program of the Actuaries Institute professional qualification.
Please select a specialisation for more details:
“If there is somebody who really loves math and statistics and really has the love for numbers and analysis and data, then (they) should go for Actuarial Science.” – Araham Rathore (Bachelor of Actuarial Science)
Entry Requirements
Entry Requirements (Domestic students)
There are many ways to be considered for entry to a Monash University degree depending on your educational background and history. The below options reflect the academic requirements for the different applicant categories (or the highest level of education previously completed) to be considered for this Monash course. All applicants must satisfy equivalence of the VCE subject prerequisites or equivalent tertiary units including the English language requirements.
Qualifications
Equivalent Australian Year 12
Completing Year 12 in the Current Year or within the Last 2 Years
Applicants with Recent Secondary Education
Started or Completed a TAFE Certificate, Diploma or Advanced Diploma
Applicants with VET Study
Started or Completed a Bachelor Degree
Applicants with Higher Education Study
Finished Year 12 More than 3 Years Ago with No Further Study
Applicants with Work and Life Experience
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.
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
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 for 2026 is:
A$13,558
Note: see information on how fees are calculated.
Fee assistance
As a Commonwealth supported student, you may be able to either:
- pay all of your student contribution upfront, or
- defer payment through the HECS HELP loan scheme.
Full fee
Fees are per 48 credit points which represents a standard full-time course load for a year. The fees for 2026 are:
A$38,000
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 fees
The Student Services and Amenities Fee applies to some students each calendar year.
