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What will I learn?

Develop advanced expertise in statistics, econometrics and mathematics with the industry-accredited Master of Actuarial Studies.

In the Master of Actuarial Studies you’ll develop your proficiency in advanced analytical and mathematical systems – and learn to apply your knowledge in the complex worlds of economics, econometrics, business modelling and finance.

The course covers specific areas of actuarial practice, and includes exemptions for Parts I and II of subjects of the Institute of Actuaries of Australia. As part of the degree, you can choose a wide range of elective units, across the fields of econometrics, actuarial practice, economics, business modelling and finance, which will give you the flexibility to tailor the course to your personal interests and career goals.

The course gives you access to some of Australia's renowned actuarial educators and practising actuaries with extensive industry experience, to ensure your studies focus on current concepts and issues that are relevant to business today. You’ll also spend time growing as a business professional, enhancing your communication, leadership and judgement skills.

In the Master of Actuarial Studies you will acquire advanced expertise in statistics, econometrics, finance, economics and mathematics.

As well as developing essential mathematical skills, the course also focuses on developing your wider business awareness skills including, communication, critical thinking, actuarial judgement and professionalism.

Which department am I in?

Monash Business School



Study options

Full Time (2 years)

Tuition fees
A$47,800.00 (26,00,653) per year
Start date

27 February 2023


Monash University

Clayton Campus,

Wellington Road,



3800, MELBOURNE, Australia

Entry requirements

For students from United States

An Australian bachelor degree (or equivalent) in a cognate discipline with at least a credit average (60%), or equivalent qualification and relevant work experience approved by the faculty.

For international students

Entry level 1:
96 points to complete
Duration: 2 years full-time, 4 years part-time

An Australian bachelor degree or an equivalent qualification in a technical, mathematical or scientific discipline with a Weighted Average Mark (WAM) of 65% or an equivalent GPA determined by the faculty and must have passed an introductory statistics unit or equivalent. Applicants will be ranked and selected based on their entire academic record.

Entry level 2: 60 points to complete
Duration: 1.5 years full-time, 3 years part-time

An Australian undergraduate degree (or equivalent) and an Australian graduate certificate in a cognate discipline with a WAM of 65% in both qualifications or qualifications, experience or satisfactory substitutes that the faculty consider to be equivalent.


An Australian undergraduate honours degree (or equivalent) in a cognate discipline with a WAM of 65% or qualifications, experience or satisfactory substitute that the faculty considers to be equivalent.

English entry requirements

Level A

IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0

Pearson Test of English (Academic): 58 Overall score, No PTE communicative skills score below 50

TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21

Paper-based TOEFL 550 Test of written English: 4.5

Cambridge English: Advanced (CAE) 176 No skill score below 169
Cambridge English: Proficiency (CPE) 176 No skill score below 169

*There may be different IELTS requirements depending on your chosen course.