Bachelor's Degree Actuarial Science Full Time

Bachelor of Commerce and Bachelor of Actuarial Science

at Monash University · Melbourne, Victoria

CRICOS course code

097258E

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

4 years

Tuition (whole course)

A$244,541 total

Per year

A$61,135/yr

Intake

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

About this program

The Bachelor of Commerce and Bachelor of Actuarial Science at Monash University is a comprehensive programme designed to equip students with the critical knowledge and skills necessary for careers in the fields of commerce and actuarial science. Over four years, students will engage with a curriculum that covers foundational business principles alongside in-depth actuarial studies. Students explore key areas such as risk management, financial mathematics, and statistics, which are essential for analysing and managing financial risks. The programme integrates theoretical concepts with practical applications, preparing graduates for the complexities of the ever-evolving financial landscape.

This degree is structured around semesters, consisting of various units of study that accumulate credit points. Students will complete core units in commerce and specialised units in actuarial science, culminating in a capstone project that allows them to apply their knowledge in a real-world context. Additionally, the programme incorporates work-integrated learning opportunities, enabling students to gain invaluable experience through professional placements within the industry.

The Bachelor of Commerce and Bachelor of Actuarial Science is ideal for individuals who possess strong analytical skills, a passion for mathematics, and an interest in finance and risk assessment. The course is particularly suited for those looking to build a robust career in actuarial science, finance, or related fields. Graduates will emerge with critical thinking and problem-solving skills that are highly sought after in the marketplace.

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
Investment Analyst
Data Analyst
Financial Consultant

Industries that commonly hire graduates include finance, insurance, banking, and investment firms. These sectors value the technical and analytical skills developed during the course, which are critical for making informed decisions in uncertain and complex business environments.

Frequently asked questions

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

It typically takes 4 years, with intakes in Semester 1 (Feb/Mar), Semester 2 (Jul).

How much is the tuition?

Tuition is around A$244,541 total. Fees change yearly — confirm with an advisor.

What are the career outcomes?

ActuaryRisk AnalystInvestment AnalystData AnalystFinancial Consultant Industries that commonly hire graduates include finance, insurance, banking, and investment firms. These sectors value the technical and analytical skills developed during the course, which are critical for mak...

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