The Bachelor of Actuarial Science and Master of Actuarial Studies (CRICOS course code 113701J) is a Masters Degree (Coursework) delivered by Monash University (Monash) over 4 years. This dual qualification combines undergraduate and postgraduate study in actuarial science, preparing you for high-level roles in finance, insurance, and risk management. Monash University, a government-funded institution (CRICOS 00008C), is one of Australia's leading research universities, with its main campus in Clayton, Victoria. This course is ideal if you aim to become a professional actuary and want to fast-track your education with a seamless pathway from bachelor's to master's. As a CRICOS-registered course, it meets Australian Government standards for international student enrolment, and you'll benefit from the protections of the ESOS Act. At HeadStart Academy, we source all data from the official CRICOS register (April 2026) to help you make informed decisions. Explore the details below to see if this program aligns with your career goals.
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Bachelor of Actuarial Science and Master of Actuarial Studies (CRICOS course code 113701J) is a Masters Degree (Coursework) delivered by Monash University (Monash) over 4 years. This course falls under the field of Education 08 - Management and Commerce, specifically 0811 - Banking, Finance and Related Fields, with a focus on Insurance and Actuarial Studies (081103). As a dual qualification, you graduate with both a bachelor's and a master's degree upon completion, saving time compared to studying them separately. The course is delivered entirely in English and is CRICOS-registered, ensuring it meets the quality standards required for international student visas. Australia has over 1,500 CRICOS-registered providers offering more than 26,000 courses, and this course is part of that trusted system.
Actuarial science combines mathematics, statistics, and financial theory to analyse risk and uncertainty in insurance, finance, and other industries. In this dual-degree program, you'll build a strong foundation in probability, calculus, and econometrics, then advance to topics like actuarial modelling, risk management, and financial mathematics. The master's component deepens your expertise with courses in advanced actuarial practice, regulation, and data analytics. Graduates typically pursue careers as actuaries, risk analysts, or investment strategists. While exact syllabus details are set by Monash University, this field equips you with skills to make data-driven decisions in complex financial environments.
The CRICOS register lists the duration of this course as 4 years (208 weeks). You'll study full-time on campus, with English as the language of instruction. This is a dual qualification, meaning you earn both a bachelor's and a master's degree in the same period—typically a '3+2' or '4-year integrated' structure. This integrated approach allows you to progress seamlessly from undergraduate to postgraduate study without separate applications. As an international student, you must maintain full-time enrolment to comply with your student visa conditions. Monash University may also offer part-time options under certain circumstances, but full-time study is standard.
The indicative tuition fee for this course is A$244,541, with non-tuition fees listed as A$0 on the CRICOS register. That brings the estimated total to A$244,541. Please note: these fees are indicative only, sourced from the CRICOS register as at April 2026, and are subject to change. Additional costs not included in this estimate are Overseas Student Health Cover (OSHC), living expenses, and the visa application charge. For the most current fee information, visit Monash University's fee page at www.monash.edu.au. Living costs in Melbourne (including Clayton) are approximately A$500–700 per week for rent, groceries, and transport, but these vary by lifestyle.
Academic entry requirements typically include completion of Australian Year 12 (or equivalent) with high scores in mathematics, plus meeting the English language requirement. For this course, the indicative IELTS score is 6.5–7.0 overall (with no band below 6.0). Other equivalent English tests (e.g., TOEFL, PTE) are accepted. Since this is a dual degree, you may also need to meet the prerequisites for both the bachelor's and master's components. Foundation studies or pathway programs are not listed for this course, but Monash College may offer alternative entry routes. Always confirm specific requirements with Monash University directly, as entry criteria can change.
This course has no work component. That means there is no mandatory internship, placement, or work experience integrated into the program. However, while studying, you can take advantage of Australia's student visa work rights: 48 hours per fortnight during term and unlimited hours during scheduled breaks (subject to visa conditions). Many students use this opportunity to gain part-time experience in related fields, but it is not required for course completion.
This course is delivered at Monash Clayton, located in Clayton, VIC. Clayton is a suburb in Melbourne's south-east, about 20 km from the city centre. It's a major student hub, home to Monash's largest campus with excellent public transport links via buses and the Cranbourne/Pakenham train lines. Melbourne has a diverse student population of over 250,000 international students, with many CRICOS-registered providers in the city. Living in Clayton offers a mix of affordable housing (weekly rent ~$250–400 for shared accommodation), Asian grocery stores, and easy access to the city. The campus itself boasts modern facilities including libraries, labs, and student support services.
To study this course in Australia, you need a Student visa (Subclass 500). This visa allows you to stay in Australia for the duration of your course (4 years) and includes work rights: 48 hours per fortnight during semester, unlimited during holidays. You must also meet the Genuine Temporary Entrant (GTE) requirement and maintain Overseas Student Health Cover (OSHC) for the entire period. Financial capacity evidence is required—you must show you can cover tuition, living costs (at least A$29,710 per year for a single student), OSHC, and travel. ESOS Act protections apply to all CRICOS-registered courses, ensuring education quality and student welfare. For detailed visa guidance, consult the Department of Home Affairs or a registered migration agent (MARA). HeadStart Academy does not provide immigration advice.
Applying for the Bachelor of Actuarial Science and Master of Actuarial Studies at Monash University involves three key steps: 1. Research CRICOS-registered providers: Use the CRICOS register to confirm that Monash University (CRICOS 00008C) and the course (CRICOS 113701J) are registered. Filter by course level (Masters Degree), field (Actuarial Studies), and location (Victoria). 2. Apply directly to your chosen institution: Visit Monash University's official website (www.monash.edu.au) to check entry requirements, English test scores, and application deadlines. Submit your application through the Monash online portal, providing academic transcripts and English proficiency evidence. 3. Receive your Confirmation of Enrolment (CoE) and apply for your Student visa (Subclass 500): Once accepted, Monash will issue a CoE. Use this to lodge your visa application with the Department of Home Affairs, including proof of OSHC, financial capacity, and GTE statement. Visa processing times vary, so apply early.
Clayton is a vibrant, multicultural suburb with a strong student community. Home to Monash University's largest campus, it offers a quieter alternative to Melbourne's CBD while still being well-connected. The area has numerous Asian supermarkets, restaurants, and parks, and the Monash Clayton campus provides on-site accommodation, libraries, and sports facilities. However, if you prefer nightlife and city buzz, you might find Clayton more suburban. Consider your lifestyle: Clayton suits those who want a campus-focused experience with easy access to Melbourne by train or bus (about 30–40 minutes to Flinders Street). Rent is generally cheaper than the city centre, and the student population ensures plenty of social activities. For actuarial students, being at a Go8 university like Monash offers strong industry connections and career services.
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Bachelor of Actuarial Science and 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.