Actuarial science - XS0065

Actuarial science

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Your qualification will be a Bachelor of Actuarial Science

Are you an analytical and mathematical thinker looking for a way to turn your skill with numbers into a career? If so, Actuarial science at Monash is for you. This specialisation will teach you how you can apply your mathematical talent to the commercial world.

Actuaries identify, analyse and assess risk. They use mathematical and econometric models to forecast real-life scenarios, such as the likelihood of economic or property losses and their impacts on insurance premiums, or superannuation or other financial investments. Graduating with this Bachelor of Actuarial science, you may have achieved Part I of the Actuaries Institute of Australia professional qualification, which you need to work as a professional actuary.

The skills you develop in probability modelling and risk analysis as part of the Actuarial Science specialisation have many rewarding applications in the real world. Graduates will be able to seek employment in international finance and business fields dealing with life, general or health insurance, in superannuation, risk management and financial consulting, and in investment operations for asset managers, brokers and banks. You could also find yourself in a range of government-related jobs in regulatory control, workers' compensation, education and other areas. Some actuaries work with large companies on long-term strategic planning.

You can combine your Actuarial science degree as a double with Arts, Commerce, Computer science, Education, Engineering, Global studies, Information Technology or Law, providing genuine diversity of study across a range of areas.

You will also graduate with an internationally recognised qualification that makes you employable across the globe.Additional opportunities, such as international exchange and internships are also available, to give you practical experience before you graduate.

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Interested in this Specialisation?

Refer to the courses below for specific details on locations offered, duration, and entry requirements.


This specialisation is offered in the following courses. Entry requirements may differ depending on the course you choose, so click through to see the full details.