Bachelor of Actuarial Science, Master of Actuarial Studies
There is a level of financial risk behind every decision a business makes. Actuaries are essential for helping to navigate these risks and making the right decisions. They are the analytical thinkers who see the opportunities within data, numbers and patterns - and transform them into more positive business outcomes.
This combined bachelor's and master’s program offers you a faster, more streamlined pathway towards a rewarding career as an Actuary.
The 4-year program begins with the Bachelor of Actuarial Science. Learn how to evaluate risks, forecast futures and influence economic structures. Apply mathematical and statistical concepts to real-world scenarios, then choose from one of two specialisations - Actuarial Studies or Actuarial Analytics - to start fine-tuning the skills that will open doors for your career.
As you reach the end of the 3-year bachelor’s program, you have the unique opportunity to study postgraduate electives that can form the start of your master's degree.
The master's program advances the skills you have developed during your first three years of study. You can choose to tailor your studies from a range of electives including econometrics, statistics, business modelling and finance, while fast-tracking your studies by completing the program in just one year.
You need professional certification from the Actuaries Institute to work as an Actuary. By completing units as part of this combined program, you will be fast-tracking your certification - gaining exemptions from some of the Institute’s Programs.
This means less time studying and more time growing your career. Actuaries apply their analytic skillset to any field that needs to manage financial risk, and this can include working in areas such as finance, insurance, superannuation and government. Today, actuaries are even helping to address global challenges like climate change and cybersecurity.
Campus Information
Clayton
Clayton campus has around 26,000 students and is the largest of all eight campuses. It is located 20km south-east of Melbourne.
Intakes
- Feb
- July
Application Processing Time in Days: 15
Application Process
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
Current job opportunities
Lecturer (School of Psychology) -
In this role, you will be closely involved in the clinical supervision of Doctorate of Psychology (Clinical) candidates on placement at the Monash Psychology Centre (MPC) and involved in the administration of external placements, including facilitation of mid-placement reviews. You will also contribute to clinical teaching in the Doctorate of Psychology (Clinical) program, including assessment in the Objective Structured Clinical Examinations.
You will also be expected to bring your clinical experience and passion for training the next generation of clinical psychologists at Monash University. You will be centrally involved in the delivery of the Doctorate of Psychology (Clinical) program, support the operation of specialty clinics at MPC, and be a valued contributor to the clinical team. The opportunity to see clients within the MPC to maintain active clinical practice and access to peer supervision networks at the MPC will also be available.
Coursework Scholarships Manager -
The Coursework Scholarships Manager plays a key role in managing all aspects of coursework scholarship administration within Student and Education Business Services to ensure the alignment of policies and institutional strategic goals.
In this role, you will be responsible for the coursework scholarship budget and targets, timely selection and accurate offering of scholarships, meeting reporting requirements, and implementing continuous process and system improvements. Your communication and negotiation expertise is required for stakeholder engagement and team leadership.
Executive Assistant (Australian Centre for Financial Studies) -
The Monash Business School is seeking an Executive Assistant to join a highly motivated team within the Australian Centre for Financial Studies. ACFS is an independent research center that brings together industry, government, and academia to provide thought leadership on issues of concern for the financial sector and the broader community. Your expertise is required to provide a range of professional administrative support services to the Executive Director, Australian Centre for Financial Studies, and to the broader team.
Research Fellow (Inflammatory Diseases) -
A Research Fellow in this new project will be required to characterize and validate a glucocorticoid-induced transcriptional regulator as a potential alternative to glucocorticoids (steroids) for the treatment of autoimmune diseases.
The project will identify gene targets of the regulator in mouse and human B lymphocytes using ChIP-seq and RNA-seq technology and will involve testing the ability of the regulator to ameliorate the behaviors of B cells that contribute to autoantibody-mediated autoimmune diseases.
PSW Opportunity
Post Study Work Steam Renames to Post Higher Education Work Steam.
- Bachelor degree holders including honours can get upto 2 years of post study stay
- Master by course work and extended (with a duration exceeding 2 years) can stay upto 2 years
- Masters by research (with a duration exceeding 2 years) and PhD holder can stay upto 3 years
- The Maximum eligible age to apply for PSW will be reduced to 35 years of age from 50 years of age for all applicants
Due to the Australian Indian Economic Cooperation and Trade Agreement signed by the 2 countries, according to which:
- Indian students completing bachelor degree including honours can stay upto 2 years
- Bachelor degree with First class honours in STEM including ICT can stay upto 3 years
- Masters by coursework in extended researched (with a duration exceeding 2 years) can stay upto 3 years
- PhD students can stay upto 4 years
Admission Requirement / Eligibility Criteria
- All Monash undergraduate courses require you to have successfully completed a minimum of an Australian Year 12 qualification (or equivalent) and achieve the required academic entry score.
FOR INDIA
All India Senior School Certificate
Entry Score - 72.50%
- Overall average of the best four academic subjects (excluding Monash University approved non-academic subjects) and results indicated as ‘pass’ awarded on the official final 'Marks Statement' issued by the Central Board of Secondary Education.
Indian School Certificate Examination
Entry Score - 67.50%
- Overall average of the best four academic subjects (excluding Monash University approved non-academic subjects) and results indicated as ‘pass certificate awarded’ awarded on the official final 'Statement of Marks' issued by the Council for the Indian School Certificate Examinations.
FOR SRI LANKA
Sri Lankan General Certificate of Education (Advanced Level)
Entry Score - 10
- Total score of a maximum of the best 3 A Level subjects taken in one examination sitting*
- Score A Level grades as follows: A = 5, B = 4, C = 3, S = 1, F = 0
- The official final GCE A Level official statement issued by the Democratic Socialist Republic of Sri Lanka must be submitted.
*A minimum of 3 subjects are taken in one examination sitting.
For More Information Please Contact To Our PSA Counselor.
- Course Code: 113701J
- Course Type: Full Time
- Course Level: Bachelors/UG Degree
- Duration: 04 Year
-
Total Tuition Fee:
212800 AUD
Average Cost of Living: 29710 AUD /year
Application Fee: 125 AUD
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