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Monash University

Monash University

Bachelor of Actuarial Science in Actuarial Science

Full-time 3 Years

Feb 2027

OFFER RESPONSE

7 Days

APPLICATION FEE

125 AUD

BACKLOGS

0 backlogs accepted

POST STUDY WORK

2-4 Years

TUITION

55900 AUD
PER YEAR

LIVING/ PER YEAR

35340 AUD
PER YEAR

DURATION

3 Years

INTAKE

Feb 2027
Deadline:01 Dec 2026

COURSE CURRICULUM

The Bachelor of Actuarial Science is structured around four key themes that guide student learning and development: foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study. The program begins with foundation commerce knowledge, where students gain a thorough understanding of economics and econometrics and explore how these disciplines influence decision-making in business, professional practice, and public policy. These foundational units establish the analytical and conceptual framework necessary for further study and professional application.Specialist discipline knowledge is the second theme, focusing on developing students’ expertise in actuarial science. These units are designed to cultivate critical and creative thinking, enabling students to apply mathematical, statistical, and financial concepts to solve real-world problems in commerce. Many of these units align with the professional accreditation standards set by bodies such as the Actuaries Institute, helping students to meet the academic requirements needed for future professional qualifications.The third theme is the capstone experience, a culminating unit that integrates the knowledge and skills students have acquired throughout their degree. This unit is designed to reflect real-life scenarios, encouraging students to apply their actuarial knowledge in a comprehensive and practical manner. It serves as a bridge between academic study and professional practice, preparing graduates for the workplace.The final component is elective study, which allows students to broaden their learning either within actuarial science or in other areas of commerce. Students may also choose to take elective units from across the University, enabling them to tailor their degree to their interests or to complete a major or minor in another discipline. This flexible structure ensures that graduates emerge with both a deep understanding of actuarial science and a broad perspective on commerce, equipped to adapt to a variety of roles in the financial and insurance industries.

Mode of Study

Full-time

Job Rate

94%

Course Entry Requirements

Review the entry and language criteria.

Choose your language proficiency test

* No IELTS, no TOEFL - this australia college doesn’t require an English test.

Scholarship Details

Details depend on the scholarships and study programs selected

*Based on Academic merit, students can receive scholarships ranging from Up to 11180, depending on their performance and program criteria.

AVG STARTING SALARY

₹47L

for MSc Data Science at University of Edinburgh

PLACEMENT RATE

91%

across top 6 programs

Top recruiting companies

Google

Meta

JP Morgan

Amazon

Microsoft

Stripe

Atlassian

Deloitte

Expected Annual Salary

A$70,000 / year

A$60KA$80K

Total Tuition Fees (3 Years)

A$167,700

Total Living Costs

A$106,020

Total Investment

A$273,720

Years to Payback

3.9 YEARS

We calculate your ROI by dividing your total investment by your expected salary; this shows you exactly when your career starts generating pure profit for you.

Ready to take the next step?

Our counsellors review every application before it goes to the university.

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