Bachelor of Actuarial Science and Master of Actuarial Studies
Monash University
CRICOS Code:
Course Type:







Priority 2 (Medium)
Places nearly full (not over-allocated)|Visa Approval Time: 4-8 weeks queuing for processing
Data updated: 2025-11-13
2026
- Total Tuition Fee244,541 AUD
- Fee Per Academic Year61,135 AUD
- Course Duration4.0 Year (208 weeks)
- Last Updated07-11-2025
Overview
Introduction
This course will prepare you for a career as an actuary. To provide professional actuarial advice in Australia, and in most other developed countries, you must become a Fellow of the actuarial profession. This involves developing basic technical skills, learning how to apply these skills in a general setting, developing deep specialist knowledge and completing several years of work experience. This double degree will allow you to complete the Foundation Program and the university component of the Actuary Program under the Accreditation Agreement with the Actuaries Institute and is designed for getting the maximum number of exemptions within the shortest time. You will have the opportunity to gain industry-based experience as part of the specialisations in the bachelor component of this course: Actuarial studies and Actuarial analytics. You will be able to seek employment in international finance and business fields dealing with life, general or health insurance, superannuation, risk management and financial consulting. Many actuaries and actuarial graduates work on investment operations for asset managers, brokers and banks. There are a range of government-related jobs in regulatory control, workers' compensation, education and others. Some actuaries work with large companies on long-term strategic planning.
Key Dates
2025
2026
School Application Steps
Follow the process below, prepare materials in order, and track the progress of each stage.
- 1
Prepare Materials (School Application)
- Organize academic and language materials based on the list of target courses and schools.
- If the requirements are not yet met, you can apply for a language pathway program/packaged course (ELICOS/internal test) first.
- Name the electronic versions of documents uniformly (in English) for easy reuse in subsequent visa applications.
Documents for Adult Applicants
- 2
Briefing on School-Arranged Interview (if applicable)
- Submit application materials, including transcripts, passport, and English proficiency proof, to the State Department of Education.
- School review: The Department of Education recommends schools based on the student's situation, and the school arranges an interview after its review.
- Interview notification: An email will specify the interview time, method (usually Zoom or Teams), and preparation details.
- Interview content: A conversation in English including self-introduction, interests, academic situation, future plans, and a comprehensive assessment of learning habits, adaptability, reasons for coming to Australia, etc. The duration is approximately 15-30 minutes.
- 3
Submit School Application
- Submit the application through the school's official website or an agent's portal and pay the application fee (if any).
- Submit supplementary documents as required and track the admission progress (Conditional/Unconditional Offer).
- After meeting the conditions, pay the tuition deposit and complete the acceptance procedure (Accept Offer).
- 4
Obtain CoE and Arrange OSHC
- The school issues the CoE (Confirmation of Enrolment).
- Purchase/confirm OSHC to cover the entire visa period (including dependents, if any).
- 5
Visa Document Preparation (Subclass 500)
- Organize documents for finances, GTE, English proficiency, and medical examination, ensuring consistency with the chosen course.
- Check the letterheads, dates, translation formats, and certification requirements of visa documents.
Scholarship
Language Requirements
IELTS Score
PTE Score
2026 year(s)
Listening
6.0
Speaking
6.0
Reading
6.0
Writing
6.0
Overall
6.5
School Level
The school's visa assessment level determines the risk level for students applying for a visa and is a significant reference.
For example, if a school's visa assessment level is 2, the applicant will face more restrictions and be required to provide more written evidence, such as proof of language proficiency and financial capacity.

Course Campuses
- VIC
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