Bachelor of Actuarial Science

Monash University

This degree represents Part I of the Actuaries Institute of Australia professional qualification, which students need to work as a professional actuary. The skills students develop in probability modelling and risk analysis have many rewarding applications in the real world. Students will have genuine depth of study, giving them the skills to join the next generation of commercial leaders, and use their analytical abilities to adapt to or influence change. Students will develop strong commercial knowledge, while also building their expertise from day one in actuarial studies or business statistics. Additional opportunities, such as international exchange and internships are also available, to give students practical experience before students graduate. Actuarial Science will teach students how they can apply mathematical talent to the commercial world. Actuaries identify, analyse and assess risk. They use mathematical and econometric models to forecast real-life scenarios, such as the likelihood of economic or property losses and their impacts on insurance premiums, superannuation or other financial investments.

Course Fee:

International: $130,200

Entry Requirements:

Year 12 or equivalent; Units 3 and 4: a study score of at least 30 in English (EAL) or 25 in any other English, and a study score of at least 25 in Mathematical Methods (any) or Specialist Mathematics


144 points, of which 96 points must be focused on actuarial science and 48 points are used to provide additional depth or breadth. Three themes: 1. Part A - Foundation commerce knowledge units (24 points) 2. Part B - Specialist discipline knowledge and Part C - Capstone experience (72 points) 3. Part D - Elective study (48 points).

Subjects you can Study:

Actuarial modelling; Actuarial science; Actuarial studies; Statistics

Further information:

Graduates will be able to seek employment in international finance and business fields dealing with life, general or health insurance, in superannuation, risk management and financial consulting, and in investment operations for asset managers, brokers and banks. Students could also find themselves in a range of government-related jobs in regulatory control, workers' compensation, education and other areas. Some actuaries work with large companies on long-term strategic planning. The Bachelor of Actuarial Science is also available as a double degree with a Bachelor of Commerce.

Accepts International Students:


Provider CRICOS: 00008C

Related Careers:

Campus ATAR/OP Mid Year Intake Study Mode Duration
Clayton 88.15 No Full time 3 years
Clayton 88.15 No Part time 6 years

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