Commerce and Actuarial Science - B2030

Commerce and Actuarial Science is a great combination and a great option if you have a passion for both areas and want to keep your career options open. This double degree enables you to study complementary subjects to further enhance your employability, and develop broad business skills and specialist knowledge in actuarial science.

This course leads to two separate degrees:

  • the Bachelor of Commerce, and
  • the Bachelor of Actuarial Science.

You will gain all the benefits of each degree course and be fully equipped to pursue a career in either field separately or to combine the two in your chosen work.

Your career options will depend on the combination of majors and minors that you choose, and will open up a diverse range of opportunities.

Wherever your choices may lead, a degree in Commerce and another in Actuarial Science will give you versatile and transferable skills that are relevant to a number of industries. The combination will also give you the skills that employers are looking for, such as communication, teamwork, research, critical thinking and cultural sensitivity - and you'll be able to draw on cross disciplinary perspectives to thrive in a broad range of settings.

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At a glance

Course Details

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

View details specific to degree:

Please select a specialisation for more details:

Majors, extended majors and minors

In this course, you can choose from the following majors, extended majors and minors. Some are only available as minors or only in certain locations, so click through to see the full details.

A double degree in Commerce and Actuarial Science could turn your love of numbers into a career in actuarial science, where you could balance risk and opportunity for companies, organisations, governments and people.

Entry Requirements

Entry Requirements (International students)

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

At the time of enrolment in a course at Monash University, you must be at least 17 years of age.

View all minimum age requirements.

All Monash undergraduate courses require you to have successfully completed a minimum of an Australian Year 12 qualification (or equivalent) and achieve the required academic entry score. Most Monash faculties generally use your most recent studies for admission however other guidelines may apply where your prior qualification may be considered.

Entry requirements for each qualification level are as follows:

All Monash undergraduate courses require you to satisfy English entry requirements in one of the following ways:

If you do not meet the above English proficiency test scores, consider Monash English Bridging. Some Monash courses however do not accept Monash English Bridging.

The English measures outlined above must be completed within 2 years prior to the Monash course commencement date (other time limitations may apply as outlined in the Monash University Procedure). If you have completed several measures of English proficiency over a period of time, the highest valid measure will be accepted.

Monash University reserve the right to ask students to complete an English proficiency test to meet English course requirements upon request.

Further information can be located at English language requirements.

All Monash University undergraduate courses require you to have previously studied and achieved required Australian level standards in certain specific subject known as prerequisite subjects.

You must satisfy the following prerequisite subject requirements for this course:

Meeting prerequisite subject requirements from other international qualifications:

You can still meet the above prerequisite subject requirements if you have completed other international qualifications. These subjects will be assessed on a case by case basis when you apply.

Alternative pathways

If you don't satisfy the requirements for direct entry consider these pathway options.

Double degree courses include the features of the component degree courses, except that electives may be reduced.

Commerce

The Bachelor of Commerce is a comprehensive course, structured in three equal parts. In the double degree course you complete the following two parts:

Part A. Commerce specified study

This will provide you with a broad foundation for your study of commerce and expose you to several commerce disciplines. This will contribute breadth to your knowledge of commerce and address the graduate course outcomes. It will also give you the opportunity to learn more about each discipline before finalising your choice of major.

Part B. Commerce listed major (excludes Actuarial Science)

This will provide you with a focused program of study that will develop your expertise in one discipline area. You will develop, apply and communicate an advanced level of understanding of the concepts and theoretical frameworks that constitute the knowledge base of your major area of study. Due to the double degree structure, the Economics major is not available in this course.

Actuarial Science

The Bachelor of Actuarial Science is a specialist course that develops through the themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience and elective breadth/depth study.

Part A. Foundation commerce knowledge

These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.

Part B. Specialist discipline knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of actuarial science to provide discipline based solutions to commerce. Units contained within the discipline may meet the requirements for professional accreditation bodies.

Part C. Capstone experience

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B2030

Apply

Semester two (July)

Apply directly to Monash using course code B2030

Apply

For applications Direct to Monash

Apply directly to Monash with this course code: B2030

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 fees

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

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: 097258E