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Actuarial Studies

Monash University

24 months
45500 AUD/year
30200 AUD/year
Tuition fee
Apply date
Start date


In the Actuarial Studies program at Monash University you’ll develop your proficiency in advanced analytical and mathematical systems – and learn to apply your knowledge in the complex worlds of economics, econometrics, business modelling and finance. 

Visit the official programme website for more information


The course covers specific areas of actuarial practice, and includes exemptions for Parts I and II of subjects of the Institute of Actuaries of Australia. As part of the degree, you can choose a wide range of elective units, across the fields of econometrics, actuarial practice, economics, business modelling and finance, which will give you the flexibility to tailor the course to your personal interests and career goals.

The Actuarial Studies program at Monash University  gives you access to some of Australia's renowned actuarial educators and practising actuaries with extensive industry experience, to ensure your studies focus on current concepts and issues that are relevant to business today. You’ll also spend time growing as a business professional, enhancing your communication, leadership and judgement skills.


In the Master of Actuarial Studies you will acquire advanced expertise in statistics, econometrics, finance, economics and mathematics.

As well as developing essential mathematical skills, the course also focuses on developing your wider business awareness skills including, communication, critical thinking, actuarial judgement and professionalism.

Programme Structure

Courses include:

  • Actuarial practice 
  • Statistical thinking
  • Contingencies in insurance and pensions
  • Macroeconomic policy
  • Managerial economics 
  • Probability and statistical inference for economics and business
  • Applied insurance methods

Key information


  • Full-time
    • 24 months
  • Part-time
    • 48 months

Start dates & application deadlines

More details
  • International students can apply for a place anytime throughout the year.


96 alternative credits


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

Other requirements

General requirements

  • CRICOS code: 082326K  

Entry level 1: 96 points to complete

  • An Australian bachelor degree or an equivalent qualification in a technical, mathematical or scientific discipline with a Weighted Average Mark (WAM) of 65% or an equivalent GPA determined by the faculty and must have passed an introductory statistics unit or equivalent. 
Entry level 2: 60 points to complete
  • An Australian undergraduate degree (or equivalent) and an Australian graduate certificate in a cognate discipline with a WAM of 65% in both qualifications or qualifications, experience or satisfactory substitutes that the faculty consider to be equivalent.

Tuition Fee

To alway see correct tuition fees
  • International

    45500 AUD/year
    Tuition Fee
    Based on the tuition of 45500 AUD per year during 24 months.
  • National

    30200 AUD/year
    Tuition Fee
    Based on the tuition of 30200 AUD per year during 24 months.
  • Fees for domestic students: Commonwealth supported place (CSP)

Living costs for Melbourne

1501 - 2659 AUD /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Actuarial Studies
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