What will I learn?

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.

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’ll 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.

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If you’re 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.

A Bachelor of Actuarial Science will give you technical and analytical skills. It covers financial accounting, microeconomics, macroeconomics and economic statistics.

You’ll 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.

Which department am I in?

Faculty of Science

CRICOS

097257F

Study options

Full Time (3 years)

Tuition fees
A$47,300.00 (US$ 33,751) per year
Start date

28 February 2022, 25 July 2022, 27 February 2023, 24 July 2023

Venue

Monash University

Clayton Campus,

Wellington Road,

MONASH UNIVERSITY,

Victoria,

3800, MELBOURNE, Australia

Entry requirements

For students from United States

Satisfactory completion of Year 12 or International Baccalaureate in Australia. 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

For international students

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.

You need to achieve the minimum scores shown for any of the English language tests below.

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.

Pathways options

Offered by other partners

This university accepts pathways courses from
  • Monash College
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