Bachelor of Actuarial Science (CRICOS course code 097257F) is a Bachelor Degree delivered by Monash University (Monash) over 3 years. This CRICOS-registered program equips students with the mathematical and statistical skills to assess and manage risk in finance, insurance, and superannuation. As an international student, studying actuarial science opens doors to a high-demand profession in Australia’s growing financial sector. Monash University, a Government university with CRICOS code 00008C, offers this course at its Clayton campus in Melbourne, Victoria. With over 1,500 CRICOS-registered providers across Australia, choosing a program listed on the official CRICOS register ensures your qualification is recognised and your student rights are protected under the ESOS Act. This page provides comprehensive details on tuition fees, entry requirements, and student visa essentials to help you plan your study journey.
| Metric | Value |
|---|
Bachelor of Actuarial Science (CRICOS course code 097257F) is a Bachelor Degree delivered by Monash University (Monash) over 3 years. This course is classified under the field of education 08 – Management and Commerce (specifically 0811 – Banking, Finance and Related Fields, and 081103 – Insurance and Actuarial Studies). It is a single qualification with no dual award or foundation studies component. The language of instruction is English, and there is no mandatory work component. The course is delivered at Monash Clayton in CLAYTON, VIC. As a CRICOS-registered course, it meets Australian Government quality standards and allows international students to apply for a Student visa (Subclass 500). The indicative tuition fee is A$177,963, with no additional non-tuition fees listed on the CRICOS register. Please note that Overseas Student Health Cover (OSHC), living costs, and visa application charges are not included. Always check the provider’s website for the most current fee information.
As a Bachelor Degree at AQF Level 7, this program provides a broad and coherent body of knowledge in actuarial science, including probability, statistics, financial mathematics, and risk modelling. Graduates develop cognitive and technical skills to analyse data, solve complex problems, and communicate actuarial findings. The curriculum typically covers topics like life contingencies, general insurance, investments, and enterprise risk management. While specific subjects are set by the provider, students can expect a balance of theory and practical application, often using industry-standard software. This course prepares graduates for professional roles in insurance companies, banks, consulting firms, and government agencies. It also serves as a pathway to further studies or professional accreditation with bodies such as the Actuaries Institute.
The course duration on the CRICOS register is 3 years (156 weeks). It is delivered full-time in English. This is a single qualification (not a dual or combined degree). There is no foundation studies component. Students are expected to attend classes at the Monash Clayton campus, with possible online components subject to provider policy. The standard study load for a Bachelor Degree is typically 8 units per year, totalling 24 units. International students must maintain full-time enrolment to comply with visa conditions.
The indicative tuition fee for this course is A$177,963. Non-tuition fees are listed as A$0 on the CRICOS register. Therefore, the estimated total cost is A$177,963. These fees are set by the provider and are subject to change. They do not include Overseas Student Health Cover (OSHC), which is mandatory for international students and costs approximately A$500–A$700 per year for single cover. Additionally, living costs in Melbourne (including accommodation, food, and transport) are estimated at around A$21,000–A$25,000 per year. The visa application charge for a Student visa (Subclass 500) is currently A$1,600 (as of April 2026). Always verify current fees with Monash University directly before applying.
International students must meet English language requirements: typically IELTS 6.0–6.5 overall with no band below 5.5–6.0 (or equivalent). Prior academic qualifications equivalent to an Australian Year 12 are expected, with strong performance in mathematics. Some applicants may need to complete a foundation or pathway program. Monash University offers its own foundation year (Monash College) or accepts qualifications from other CRICOS-registered providers. Meeting minimum requirements does not guarantee admission; selection is competitive. For specific entry criteria, refer to the Monash University website or contact their international admissions office.
This course does not include a mandatory work component. However, international students on a Student visa (Subclass 500) may undertake part-time work: 48 hours per fortnight during term and unlimited hours during scheduled holidays. Work must not interfere with studies. Optional internships or industry placements may be available through the university, but are not compulsory.
This course is delivered at Monash Clayton, located in CLAYTON, VIC, a suburb of Melbourne. Clayton is approximately 20 km southeast of Melbourne’s city centre and is well-served by public transport, including buses and the Cranbourne/Pakenham train lines. Melbourne is home to over 50 CRICOS-registered providers and a large international student population (around 250,000). Living costs in Melbourne are moderate: indicative weekly rent for a shared apartment is around A$250–A$400, groceries about A$80–A$150, and a public transport weekly pass roughly A$45 (with student concessions available). The Clayton campus offers modern facilities, libraries, and student support services.
To study this course, international students need a Student visa (Subclass 500). Key requirements include: Confirmation of Enrolment (CoE) from Monash University, genuine temporary entrant (GTE) evidence, sufficient funds for tuition, living costs, and OSHC, and meeting health and character requirements. Student visa holders can work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks. OSHC must be arranged before visa grant. For detailed guidance, visit the Department of Home Affairs website or consult a registered migration agent (MARA).
Victoria, particularly Melbourne, is a top destination for international students. It combines world-class education with a vibrant multicultural lifestyle. Melbourne is consistently ranked among the world’s most liveable cities, offering diverse food, arts, sports, and excellent public transport. For actuarial science students, Melbourne’s strong financial services sector provides internship and job opportunities. However, living costs are higher than in regional areas. Consider your budget and preferences. With over 200 CRICOS-registered providers in Victoria alone, you have ample choices. Visit our /states/vic page for more insights.
Follow this 3-step process to apply for the Bachelor of Actuarial Science at Monash University:
Ready to apply? Follow our 3-step guide below.
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.