Bachelor of Commerce - Actuarial Studies

The University of Melbourne

Course details

CRICOS course code: 002143B

Level of study: Undergraduate


Actuaries assess, evaluate and manage the financial risks faced by individuals, organisations and governments to plan effectively for the future.

The risks assessed by actuaries can include illness, disability and death, the effects of natural disasters, and major economic or social change.

A major in Actuarial Studies in the Bachelor of Commerce will give you a firm grounding in the traditional actuarial skillset of mathematics, statistics, demography, economics, and finance.

This background, coupled with strong analytical skills, sees actuaries serving as financial advisers to a range of organisations including insurance companies, banks and other financial institutions, superannuation funds and governments.

Actuaries tackle many types of problems, most of which involve uncertainty about the future.


In your first and second year, you will complete actuarial major prerequisite subjects as well as breadth subjects.

Your final year is comprised almost entirely of major subjects, plus your second non-mathematics breadth subject.

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Tuition Fees (AUD $) Start date Duration Campus
43,298 Per Year
Read moreIndicative first year fee: 41,840 - 44,756; Indicative total course fee: 1,31,952 - 1,41,152
25 Jul 2022 3 years
Full time
The University of Melbourne
Parkville Campus
Grattan Street
Melbourne Victoria 3010

Entry criteria

Completed secondary education recently (within the past two years)
Completed some or all of a higher education qualification
Completed some or all of a VET qualification

English language requirements

TOEFL – you need a score of 577 or more including a score of 4.5 in the Test of Written English for a paper-based test, or a score of 79 and scores of 21 for writing, 18 for speaking, 13 for reading, 13 for listening for an internet-based test.
IELTS – you need a score of 6.5 or more in the Academic International English Language Testing System (IELTS), with no bands less than 6.0. Pearson Test of English – you need an overall score of between 58-64 inclusive and achieve no PTE communicative skills score below 50. Cambridge English, Advanced/Certificate in Advanced English (CAE) – you need a Cambridge English Score of 176 with no skill below 169.


The University of Melbourne
Parkville Campus
Grattan Street
Melbourne Victoria 3010
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