Bachelor of Actuarial Science (CRICOS course code 084686C) is a Bachelor Degree delivered by Monash University (Monash) over 3 years. This course is designed to equip students with the quantitative and analytical skills needed to assess financial risk, design insurance products, and analyse business data. As a CRICOS-registered course under Monash University (CRICOS 00008C), it meets Australian Government standards for international student enrolment. Whether you aim to become an actuary or pursue a career in finance, data science, or risk management, this degree provides a rigorous foundation in mathematics, statistics, and economics. All data on HeadStart Academy is sourced from the official CRICOS register (April 2026), ensuring you access accurate, up-to-date information.
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The Bachelor of Actuarial Science (084686C) is a three-year undergraduate degree offered by Monash University, a leading public research university in Victoria. As a CRICOS-registered course (course code 084686C), it is approved for international student enrolment under the Education Services for Overseas Students (ESOS) Act. The course is classified under the field of education 081103 – Insurance and Actuarial Studies, which is part of the broader Management and Commerce field (08). Students develop expertise in probability, financial mathematics, actuarial modelling, and data analytics. Graduates are prepared for professional accreditation with the Actuaries Institute Australia and for roles in insurance, banking, superannuation, and consulting. Monash University is one of over 1,500 CRICOS-registered providers in Australia, offering more than 26,000 courses to international students.
The Bachelor of Actuarial Science covers the core principles of actuarial science, including understanding financial markets, evaluating insurance liabilities, and applying statistical methods to real-world problems. The curriculum typically includes subjects such as calculus, linear algebra, probability theory, financial mathematics, actuarial modelling, and economics. Students also explore related areas like data science, risk management, and investment analysis. While the specific syllabus is set by Monash University, graduates of this level are expected to demonstrate advanced analytical and problem-solving skills, quantitative reasoning, and the ability to communicate complex information effectively. The course is taught in English, with a focus on both theoretical foundations and practical applications through case studies and projects.
According to the CRICOS register, the Bachelor of Actuarial Science has a duration of 3 years (156 weeks). This is a full-time, single qualification course with no dual qualification or foundation studies component. The language of instruction is English. Students are expected to attend classes on campus at Monash Clayton. The course does not include a mandatory work component, although students may undertake casual work under their student visa conditions. Monash University also offers flexible study options, but the standard duration for this course is three academic years.
The indicative tuition fee for the Bachelor of Actuarial Science is A$166,184 for the entire program, as recorded on the CRICOS register. Non-tuition fees are listed as A$0, but students should budget for additional costs such as textbooks, equipment, and campus services. The estimated total course cost is A$166,184. Please note: this does not include Overseas Student Health Cover (OSHC), living expenses, or the visa application charge. Living costs in Melbourne (Victoria) are estimated at around A$21,041 per year for a single student, including accommodation, food, and transport. Always confirm current fees with Monash University at www.monash.edu.au, as fees are subject to change. HeadStart Academy does not charge any referral fees; all data is sourced from the official CRICOS register.
For international students, the minimum English language requirement is IELTS 6.0–6.5 overall, with no band below 5.5–6.0. Equivalent scores for other English tests (e.g., TOEFL, PTE) are accepted. Entry also requires completion of senior secondary education equivalent to Australian Year 12, with strong performance in mathematics. Some students may enter via foundation or pathway programs offered by Monash College or other providers. Specific academic prerequisites vary, so applicants should check Monash’s official entry requirements. Note that meeting the minimum does not guarantee admission. For visa purposes, students must demonstrate genuine temporary entrant (GTE) status and sufficient financial capacity. HeadStart Academy is not a registered migration agent; consult a MARA agent for personalised advice.
This course does not include a mandatory work component. However, international students on a Student visa (Subclass 500) are permitted to work up to 48 hours per fortnight during study periods and unlimited hours during scheduled breaks. Work experience or internships are not a requirement of this degree, but students may seek extracurricular opportunities to enhance their employability. Monash University offers career services to help students find work placements and graduate roles.
The Bachelor of Actuarial Science is delivered at the Monash Clayton campus in Clayton, Victoria. Clayton is a suburb located about 20 km southeast of Melbourne’s central business district. The campus is well-served by public transport, including buses and the Cranbourne-Pakenham train line. Melbourne is home to over 150 CRICOS-registered providers and a vibrant international student community of over 200,000. Living costs in Melbourne are higher than the national average, with indicative weekly rent for a shared apartment around A$250–A$350. The city offers a diverse cultural scene, excellent healthcare, and world-class universities.
To study this course, you will need a Student visa (Subclass 500). This visa allows you to stay in Australia for the duration of your course plus a short period after. Key conditions include: maintaining enrolment in a CRICOS-registered course, meeting attendance requirements, and holding Overseas Student Health Cover (OSHC) for the entire stay. Student work rights are 48 hours per fortnight during term time and unlimited during scheduled holidays. You must also satisfy the Genuine Temporary Entrant (GTE) requirement and demonstrate sufficient funds for tuition, living costs, and dependents (if any). For detailed advice, consult the Department of Home Affairs or a registered migration agent.
Applying for the Bachelor of Actuarial Science at Monash University is straightforward. Follow these three steps: 1. **Research CRICOS-registered providers** – Use the official CRICOS register or HeadStart Academy to filter courses by level, field, and location. Confirm that Monash University (CRICOS 00008C) and this course (084686C) meet your needs. 2. **Apply directly to Monash University** – Submit your application through Monash’s online portal. Provide academic transcripts, English test results, and any other required documents. Check application deadlines and entry requirements carefully. 3. **Receive your Confirmation of Enrolment (CoE) and apply for your Student visa** – Once accepted, Monash will issue a CoE. Use this to apply for a Student visa (Subclass 500) online via the Department of Home Affairs. Include OSHC and evidence of funds. For visa help, consult a MARA agent.
Victoria is Australia’s second most popular study destination, with Melbourne consistently ranked among the world’s best student cities. The state has over 150 CRICOS-registered providers and a diverse economy. Actuarial science graduates find opportunities in Melbourne’s thriving finance, insurance, and consulting sectors. The city offers a multicultural environment, excellent transport, and a high quality of life. However, living costs are higher than in other states, with average weekly rent for a one-bedroom unit around A$450. Public transport is extensive, and students often use concession cards. Consider your budget, lifestyle preferences, and career goals when choosing Victoria.
Ready to apply? Start your journey by exploring CRICOS-registered courses on HeadStart Academy. For personalised advice, consult a registered migration agent.
Bachelor of Actuarial Science 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.