B2033 · Monash University · UG specialist
Bachelor of Actuarial Science
Faculty of Business and Economics
- Minimum ATAR
- 88
- Full time
- 3 years
- Part time
- 6 years
- Credit points
- 144
- Campus
- Clayton
- Mode
- On campus
Overview
Actuarial science will prepare you for a career as an actuary. To provide professional actuarial advice in Australia, and in most other developed countries, you must become a fellow of the local actuarial profession. This involves developing basic technical skills, learning how to apply these skills in a general setting, developing deep specialist knowledge and completing a professional course following several years' relevant work experience. You will have the opportunity to gain industry-based experience as part of the specialisations in this course: Actuarial studies and Actuarial analytics. You will be able to seek employment in international finance and business fields dealing with life, general or health insurance, superannuation, risk management and financial consulting. Many actuaries and actuarial graduates work on investment operations for asset managers, brokers and banks. There are a range of government-related jobs in regulatory control, workers' compensation, education and others. Some actuaries work with large companies on long-term strategic planning.
First-year units
Level 1 units every student in this course takes or chooses from.
- ACC1100Introduction to financial accountingThis unit introduces you to fundamental accounting concepts and rules to provide a foundation for further study within the accounting discipline. Emphasis is placed on developing meaningful understanding of both accounting terminology and t…
- ECC1000Principles of microeconomicsThis unit introduces the core principles of microeconomics and how they explain decision-making by individuals, firms and governments. You will learn key tools such as supply, demand and market equilibrium, and apply them to everyday econom…
- ECC1100Principles of macroeconomicsThis unit introduces you to macroeconomics, from the leading schools of thought and the microeconomic underpinnings to policy analysis. You will develop a broad understanding of the various indicators of macroeconomic performance of a count…
- ETC1000Business and economic statisticsIn this unit, you will learn how to analyse and interpret data to support evidence-based decision-making in business and economics. You will explore methods for summarising data, including tables, charts, and measures of central tendency an…
Course structure
Open a major, minor or specialisation to see its units.
Rules for completing this course
In choosing your units, you must ensure that you complete no more than 10 units (60 credit points) at Level 1 and at least six units (36 credit points) at Level 3, including four units (24 credit points) at Level 3 offered by the Faculty of Business and Economics. You will complete complete one specialisation in the Bachelor of Actuarial Science (B2033). Some majors, minors and specialisations include the same units. Where this occurs, up to 12 credit points may be shared between: - two majors; or - a major and a minor; or - a specialisation and a major or minor. Note: Units can only count toward one minor. They cannot be shared across multiple minors.
Part A. Core studies
24 cpYou must complete the following units
Part B. Discipline studies
36 cpYou must complete the following units
Part C. Specialist studies
36 cpYou must complete one of the following specialisations
- SpecialisationActuarial studies6 units36 cp
- SpecialisationActuarial analytics6 units36 cp
Part D. Elective studies
48 cpYou must complete 48 credit points of elective studies. Notes: - You must complete at least six Level 3 units (36 credit points) in this course. If you complete less than than six Level 3 units in Part B and Part C, you must complete additional Level 3 units in Part D to meet this requirement. - If you are progressing through Parts A, B and C at a standard required for Actuaries Institute exemptions, you can use 24 credit points of the 48 credit points to complete Level 5 units from your area of interest as an accelerated pathway into Master of Actuarial Studies. You can also complete units from the other specialisation to gain additional analytics/actuarial knowledge. If you choose the Actuarial analytics specialisation, you can utilise the elective studies to do the remaining actuarial exemption units from Part C to maximise you future career options. - If you are in a double degree course, some units required for the other degree are credited as electives towards this Actuarial Science degree. - Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations.