Master of Actuarial Studies (CRICOS course code 082326K) is a Masters Degree (Coursework) delivered by Monash University (Monash) over 2 years. This course is designed for students seeking advanced skills in actuarial science, risk management, and financial mathematics. Delivered in Melbourne, Victoria, the program equips graduates for careers in insurance, banking, superannuation, and investment. As a CRICOS-registered course (provider code 00008C), it meets Australian standards for international student enrolment. All CRICOS-registered providers adhere to the ESOS Act, ensuring quality education and legal protections. HeadStart Academy sources all data from the official CRICOS register (April 2026) to give you trustworthy, up-to-date information free of referral fees.
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This course falls under the field of 'Insurance and Actuarial Studies' (081103), a subfield of Banking, Finance and Related Fields. At Masters level, students develop advanced expertise in actuarial modelling, statistical methods, financial economics, and risk assessment. The curriculum typically covers topics such as probability theory, stochastic processes, actuarial mathematics, and investment management. Graduates learn to analyze complex financial data, quantify risks, and design insurance and pension products. While specific subjects are set by the provider, the CRICOS registration confirms the course meets Australian Qualification Framework (AQF) Level 9 standards, ensuring a high level of academic rigour. This program is ideal for those aiming to become accredited actuaries or pursue senior roles in financial services.
The course duration is 2 years (104 weeks), with English as the language of instruction. It is a single qualification (no dual award) and does not include a foundation studies component. Full-time study is typical for international students holding a Student visa (Subclass 500), who must maintain enrolment in a CRICOS-registered course. Monash University offers this program at two campuses: 750 Collins St Docklands and Clayton in Melbourne. The structured duration allows students to immerse themselves in actuarial theory and practical applications, with access to industry-standard software and databases.
Tuition for the Master of Actuarial Studies is A$123,394, with non-tuition fees listed as A$0 on the CRICOS register. The estimated total is A$123,394, but this does not include Overseas Student Health Cover (OSHC), living costs, or visa application charges. For context, international students in Melbourne should budget approximately A$1,500–A$2,000 per month for rent, food, and transport. Always check Monash University's official website for the most current fees, as institutions set tuition and it is subject to change. CRICOS data is a reliable starting point, but confirm with the provider before applying.
English language proficiency is typically required at IELTS 6.5–7.0 overall (or equivalent). Applicants should hold a bachelor's degree in a related discipline (e.g., mathematics, statistics, finance). Prior study in actuarial science may be beneficial. Some students may need to complete pathway programs or foundation studies if prerequisites are not met—check with Monash University directly. All applications are assessed by the provider, and meeting minimum requirements does not guarantee admission. For visa purposes, the Genuine Temporary Entrant (GTE) criterion applies.
There is no mandatory work component in this course. However, international students on a Student visa (Subclass 500) can work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks. This provides opportunities to gain industry experience or part-time work in Melbourne's thriving financial sector. Remember, work rights are tied to visa conditions, and it's essential to comply with Department of Home Affairs regulations.
The course is delivered at two locations in Victoria: 750 Collins St Docklands (Docklands, VIC) and Monash Clayton (Clayton, VIC). Both campuses are well-connected by public transport. Melbourne is a major student hub with over 150,000 international students and more than 1,500 CRICOS-registered providers across Australia. Living costs in Melbourne are moderate compared to Sydney, with typical weekly rent for a shared apartment around A$250–A$400, groceries A$80–A$120, and a Myki card for unlimited public transport at about A$45 per week. These are indicative and subject to change.
International students require a Student visa (Subclass 500) to study this course in Australia. Key requirements include: Confirmation of Enrolment (CoE) from Monash University, genuine temporary entrant (GTE) statement, sufficient financial capacity, and Overseas Student Health Cover (OSHC) for the duration of your stay. OSHC covers medical and hospital costs—Mandatory for student visa holders. You can work up to 48 hours per fortnight during course sessions and unlimited during scheduled breaks. Always check current visa conditions on the Department of Home Affairs website or consult a registered migration agent (MARA).
1. Research CRICOS-registered providers – Use HeadStart Academy to filter by course level (Masters Degree), field (Actuarial Studies), and city (Melbourne). All listed providers are CRICOS-registered, ensuring quality and legal protections under the ESOS Act.
2. Apply directly to Monash University – Meet entry requirements including English test scores (IELTS 6.5–7.0) and submit your academic transcripts. Check application deadlines and prepare a personal statement if required. Applications are made through the provider's portal.
3. Receive your CoE and apply for your Student visa – Once Monash issues your Confirmation of Enrolment, apply for a Subclass 500 visa via the Department of Home Affairs. Include your CoE, OSHC evidence, and financial documents. Processing times vary, so apply early.
Melbourne is consistently ranked as one of the world's most liveable cities, with a vibrant multicultural community and a strong job market in finance and insurance. It hosts over 10 CRICOS-registered providers offering actuarial programs. The city boasts excellent public transport (trains, trams, buses) connecting campuses to the CBD. If you thrive in a dynamic urban environment with access to industry internships and networking events, Melbourne is an ideal choice. Remember, the ESOS Act protects your rights as an international student—including refund policies and support services.
Ready to apply? Use HeadStart Academy to compare CRICOS-registered courses and start your journey at Monash University.
Master of Actuarial Studies is a CRICOS-registered programme at Monash University (Monash). Use this register extract [CRICOS register, Apr 2026] to cross-check codes, duration and indicative fees before you apply.
This page is general information only and not migration advice. Confirm Student visa (Subclass 500) requirements with the Department of Home Affairs.