Actuarial Science

Bachelor degree

An Actuarial Science degree prepares you to evaluate risk and opportunity in a business setting, and use your findings to influence some of society’s most important economic structures. Actuarial science will prepare you to provide professional actuarial advice in Australia and other countries.

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ATAR & SEAS Calculator

ATAR

87.65

Note Lowest Selection Rank to which an offer was made

86

Note Monash guarantee for 2023 entry

79.5

Note Lowest ATAR to which an offer was made

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2023
Actuarial Science - B2033

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 will 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 are 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.

At a glance

Subject prerequisites

English	Maths	Sciences / Other
Tick	Tick	N/A

View specific scores and subjects

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

Fees

Information about fees

Course Handbook

Overview
Entry requirements
Course structure
Double degree
Applications and Fees

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 Part I of the Actuaries Institute professional qualification.

Play Video

"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 (Domestic students)

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

Qualifications

Equivalent Australian Year 12

Recent secondary education

ATAR requirements

ATAR

87.65

Note Lowest Selection Rank to which an offer was made

86

Note Monash guarantee for 2023 entry

79.5

Note Lowest ATAR to which an offer was made

ATAR explained

Monash is committed to admissions transparency

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 27 in English (EAL) or at least 25 in English other than EAL

Maths

Units 3 & 4: a study score of at least 25 in one of Maths: Mathematical Methods or Maths: 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

VET Study

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.

For Monash College Diploma students, refer to Monash College Diploma destination degrees.
For Monash University Foundation Year students, refer to Monash University Foundation Year destination degrees

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

Higher education

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.

Work and life experience

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, including pathways for Australian Aboriginal and/or Torres Strait Islander students. .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 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.

A. Foundation commerce knowledge

B. Specialist discipline knowledge

C. Capstone experience

D. Free 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.

Commerce and Actuarial Science

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

Semester two (July)

Apply directly to Monash using course code B2033

Apply

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...