Bachelor of Actuarial Science
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.
Behind every economic or commercial decision is a certain level of risk. How do businesses assess that risk so that they can make the best possible decisions, stay resilient and seize the right opportunities? By calling on the analytical minds of actuaries.
They’re the keen quantitative thinkers who assess risk, forecast futures and solve crucial business challenges. So it’s no surprise that this skill set is one of the most in-demand in the world of business and finance.
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 |
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: 097257F
- Course Type: Full Time
- Course Level: Bachelors/UG Degree
- Duration: 03 Year
-
Total Tuition Fee:
167700 AUD
Average Cost of Living: 29710 AUD /year
Application Fee: 125 AUD
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