Bachelor's Degree Risk Management Full Time

Bachelor of Actuarial Science

at Monash University · Melbourne, Victoria

CRICOS course code

097257F

CRICOS provider code

00008C

This course is registered on the Commonwealth Register of Institutions and Courses for Overseas Students. Verify it yourself at cricos.education.gov.au before paying any fee.

Duration

3 years

Tuition (whole course)

A$177,963 total

Per year

A$59,321/yr

Intake

Semester 1 (Feb/Mar), Semester 2 (Jul)

About this program

The Bachelor of Actuarial Science at Monash University is designed to provide students with a robust foundation in the principles of risk management and actuarial practices. Over the course of three years, students will engage in a comprehensive curriculum that includes the study of probability, statistics, financial mathematics, and economic theories. This programme prepares graduates to assess and mitigate risks using advanced analytical skills and quantitative techniques applicable in various industries.

This Australian qualification is structured over six semesters, where students complete a series of units of study that accumulate credit points. As part of the programme, students undertake a capstone project that synthesises their learning in practical scenarios, along with options for work-integrated learning opportunities that enhance employability by providing real-world experience in actuarial or finance settings.

The programme caters to individuals who are strong in mathematics and enjoy problem-solving. Students develop essential skills, such as analytical thinking, data interpretation, and decision-making, making them valuable in numerous sectors. Additionally, the programme fosters a professional mindset critical for pursuing certification with relevant actuarial bodies.

Entry requirements

English: International applicants must evidence English proficiency. IELTS Academic 6.0–6.5 overall is the common undergraduate and coursework-postgraduate standard, rising to 7.0–7.5 for teaching, nursing, medicine, law and social work. TOEFL iBT, PTE Academic, Cambridge C1 Advanced and the university’s own English programmes are accepted as equivalents; the Department of Home Affairs sets a separate English threshold for the Student visa itself.

International students: Registered on CRICOS for international students. A Confirmation of Enrolment (CoE) for this course supports a Student visa (subclass 500) application; Overseas Student Health Cover is required for the full duration.

Career outcomes

Actuary
Risk Analyst
Data Scientist
Insurance Underwriter
Financial Consultant

Industries that typically hire graduates include finance, insurance, healthcare, and government. Furthermore, graduates are eligible for the Temporary Graduate visa (subclass 485) post-study work stream, which allows them to work in Australia for up to two years post-study. While studying, international students hold rights to work 48 hours per fortnight, providing an excellent opportunity to gain experience in their chosen field.

Frequently asked questions

How long is the Bachelor of Actuarial Science at Monash University?

It typically takes 3 years, with intakes in Semester 1 (Feb/Mar), Semester 2 (Jul).

How much is the tuition?

Tuition is around A$177,963 total. Fees change yearly — confirm with an advisor.

What are the career outcomes?

ActuaryRisk AnalystData ScientistInsurance UnderwriterFinancial ConsultantIndustries that typically hire graduates include finance, insurance, healthcare, and government. Furthermore, graduates are eligible for the Temporary Graduate visa (subclass 485) post-study work stream, wh...

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