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
Course Details
Location |
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Duration |
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Start date |
First Semester (February), Second Semester (July) |
Qualification |
Bachelor of Actuarial Science |
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.
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 your English test does not meet the above scores you may want to consider Monash English. Some Monash courses however do not accept Monash English.
The English measures outlined above must be completed within 3 years prior to the Monash course commencement date (other time limitations may apply as outlined in the Admission to Coursework Courses and Units 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 test to meet English course requirements upon request.
Further information can be located at English language requirements.
International students applying for a visa need to satisfy English requirements set by the Department of Home Affairs where these requirements and acceptable English tests differ from Monash University.
All Monash University undergraduate courses require you to have previously studied and achieved required Australian level standards in specific subject known as prerequisite subjects.
You must satisfy the following prerequisite subject requirements for this course:
*If you have completed an Australian Year 12 qualification you will be required to meet the prerequisite subject requirements that are equivalent to the VCE prerequisite subject requirements specified above.
Courses with maths and science prerequisite subjects
If the course you are applying for requires maths and/or science as prerequisite subjects, you can meet the requirements in the following ways:
- Australian Year 12 or International Baccalaureate (IB) Diploma Programme:
You must meet the maths and/or science prerequisite subject required for your chosen course as specified above (if applicable).
- Other qualifications recognised by Monash:
If you have completed maths and/or science subjects in the relevant discipline at the required grade level, it is assumed that you have knowledge equivalent to the Australian Year 12 (VCE equivalent) prerequisite subject required for your chosen course. It is strongly recommended that you check that you have covered the assumed knowledge required for your course by completing the Assumed Knowledge Skills Analysis.
This online activity includes multiple-choice questions based on your prior studies and helps you identify areas for revision, so you can start your course feeling confident and prepared. Once you accept your Monash offer and set up your student account you can complete the Assumed Knowledge Skills Analysis before starting your course.
These guidelines do not apply to the Bachelor of Medical Science or Doctor of Medicine, or to courses that require a tertiary-level Physiology unit: Bachelor of Pharmacy (Honours) (Graduate Entry), and Bachelor of Pharmacy (Honours) and Master of Pharmacy (Graduate Entry).
Alternative pathways
If you don't satisfy the requirements for direct entry consider these pathway options.
Entry requirements for Monash University are subject to change.
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
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. The fees for 2026 are:
A$55,900
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: 097257F