Bachelor of Actuarial Science

Monash University

Course details

CRICOS course code: 097257F

Level of study: Undergraduate

Summary

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.

Start of expanded content

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.

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Tuition Fees (AUD $) Start date Duration Campus
45,000 Per Year 01 Mar 2021
26 Jul 2021
3 years Full time Monash University
Clayton Campus
Wellington Road
Melbourne Victoria 3800
Australia

Entry criteria

Equivalent Australian Year 12

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, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 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

Address

Monash University
Clayton Campus
Wellington Road
Melbourne Victoria 3800
Australia
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