Actuarial Studies - B6014
Master's degree
Actuaries play an essential role in building successful businesses that stay resilient in a rapidly-evolving world. They tap into their analytical minds to forecast future outcomes, navigate change and help solve real-world problems.
As one of the most sought-after skill sets in business and finance, the Master of Actuarial Studies is your opportunity to specialise in this innovative and impactful discipline. You’ll gain advanced skills to evaluate risk through data-driven insights – so you can guide business decisions that lead to real impact.
MAKE YOUR NEXT MOVE
Throughout the course of this two-year program, you’ll learn how to turn insights into opportunities – with expertise across analytical and mathematical systems. By studying with renowned actuarial educators, you’ll gain the most up-to-date real-world knowledge and foresight from leading experts in the field. Flexibility is a key part of the degree – and you can choose to tailor your studies from a range of electives including econometrics, statistics, business modelling and finance.
EXPAND YOUR EXPERTISE
By the end of the program, you’ll have grown as a business professional by developing your communication, leadership, critical thinking and actuarial judgement skills. You’ll have made significant progress towards becoming an accredited Actuary too, with exemptions for the Foundation Program and Actuary Program at the Institute of Actuaries of Australia. This allows you specialise in actuarial and mathematical modelling and forecasting roles – using your expert skills to uncover hidden potential.
Ready to specialise in solving complex problems for an ever-changing future?
At a glance
Course Details
Location |
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Duration |
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Start date |
First Semester (February), Second Semester (July) |
Qualification |
Master of Actuarial Studies |
The Master of Actuarial Studies will help you develop advanced skills to evaluate risk through data-driven insights – and guide business decisions that achieve real impact.
While this degree covers specific areas of actuarial practice, you’ll also grow as a business professional by developing your communication, leadership, critical thinking and judgement skills.
Accreditation and professional recognition
By the end of the program, you’ll progress towards becoming an accredited actuary with accreditation for the Actuaries Institute’s Foundation Program and the Actuary Program university component. This accreditation allows you to specialise in actuarial and mathematical modelling and forecasting roles –using your expert skills to uncover hidden potential. Find out more
“Monash is fully accredited by the Actuarial Institute and with the actuarial science major; it's really easy to get a job in my home country and in Asia.” Erwin Wibowo (Actuarial Science)
Entry Requirements
You need to satisfy the following entrance requirements to be considered for entry to this course.
Minimum Entry Requirements (Domestic students)
Qualifications
Entry level 1: | An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or an equivalent GPA, and must have passed an introductory statistics unit or equivalent, and a 1st year Calculus or Algebra unit, or equivalent. |
Entry level 2: 72 points to complete | An Australian bachelor degree (or equivalent) in a cognate discipline* with at least a high credit (65%) average or an Australian graduate certificate in a cognate discipline* with at least a high credit (65%) average or qualifications and experience approved by the faculty. |
Entry level 3: 60 points to complete | An Australian bachelor honours degree (or equivalent) in a cognate discipline* with at least a high credit (65%) average or qualifications and experience approved by the faculty. Students should be aware that the granting of exemptions from particular subjects may affect their ability to complete the subjects required for the Actuaries Institute accreditation. |
*Cognate disciplines include: Mathematics, Statistics, Econometrics, Financial Mathematics, Engineering, Economics, Finance, Accounting.
English requirements
Applicants must also meet the English language requirements.
University entrance requirements
Minimum entrance requirements for admission to Monash University Australia.
The course structure and progression map can be viewed in the Handbook.
Making the application
Future students
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.
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
Fee assistance
As a full fee-paying student, you may be eligible to apply for the optional FEE-HELP to assist you to pay all or part of your tuition fees.
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.