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Requisite map

The 2021 handbook lists no units for B2030 itself. Pick an area of study to see its units.

Overview

In this double degree you will learn to apply your thinking in a commercial capacity and develop the skills required to solve complex problems, while developing a depth of expertise in actuarial science.

This gives you a unique skill set. For example, actuarial science provides the foundational understanding of finance and economics, but combined with majors in economics or finance you will have substantive knowledge across all three.

Actuarial science 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 local actuarial profession. This involves developing basic technical skills, learning how to apply these skills in a general setting, developing deep specialist knowledge and completing a professional course following two years' relevant work experience.

Course structure

Course rules

Note: Several units are listed in both components of the degree. The second instance of each unit must be replaced by another unit from the Faculty of Business and Economics or across the University providing the prerequisite are met and there are no restrictions on admission to the units. You may also be able to use these replacement units to take a 12 or 24 point project, international experience or internship, or undertake a minor in a different commerce discipline from your major.

Commerce component96 credit points

Part A. Commerce specified study

48 credit points

Core units

36 credit points

You must complete 36 credit points from the following units. You must complete ACC1100 or ACX1100. You must complete BTC1110 or BTX1010. You must complete ETC1000 or ETX1100.

Additional commerce unit

6 credit points

You must complete one elective unit (6 credit points) from the Faculty of Business and Economics

Capstone, project, international or internship experience unit

6 credit points

You must complete 1 unit from one of the following lists, unless you are completing a major in Accounting. If you are completing the Accounting major you do not complete this section, as ACC3100 and ACC3200 meet this requirement.

Capstone unit

6 credit points

You must complete one of the following units

Consulting project

6 credit points

You must complete one of the following units

International experience

6 credit points

You must complete one of the following units

Internships

6 credit points

You must complete one of the following units

Part B. Commerce listed major

48 credit points

You must complete one major from the list below. Depending on the major chosen, you may have already studied one of the required units as part of your commerce specified study. If so, you must complete an additional commerce unit to bring the combined commerce study to at least 96 points from the Faculty of Business and Economics. If you are intending to undertake an honours year, you should ensure you complete the specific units required for honours in your chosen major area of study. Refer also to the table of majors and minors.

Actuarial science component96 credit points

Part A. Foundation commerce knowledge

24 credit points

You must complete 24 credit points from the following units. You must complete ACC1100 or ACX1100. You must complete ETC1000 or ETX1100.

Part B. Specialist discipline knowledge and Part C. Capstone experience new node

72 credit points

Capstone unit

6 credit points

You must complete the following unit

ETC3530Contingencies in insurance and pensionsNo reviews yet6 cp

Specialist discipline units

66 credit points

You must complete 66 credit points from the following units. You may choose only one of BFC2140 or BFX2140. If you choose ENG1005 or ETC2440 or MTH1030, note that only one of these units can be included in your 66 credit points.

The handbook's description of this structure

Double degree courses include the features of the component degree courses, except that electives may be reduced.

Commerce

B2001 Bachelor of Commerce is a comprehensive course, structured in three equal parts. In the double degree course you complete the following two parts:

Part A. Commerce specified study

This will provide you with a broad foundation for your study of commerce and expose you to several commerce disciplines. This will contribute breadth to your knowledge of commerce and address the graduate course outcomes. It will also give you the opportunity to learn more about each discipline before finalising your choice of major.

Part B. Commerce listed major (excludes Actuarial studies)

This will provide you with a focused program of study that will develop your expertise in one discipline area. You will develop, apply and communicate an advanced level of understanding of the concepts and theoretical frameworks that constitute the knowledge base of your major area of study. Due to the double degree structure, the Actuarial studies major is not available in this course.

Actuarial Science

B2033 Bachelor of Actuarial Science is a specialist course that develops through the themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience and elective breadth/depth study.

Part A. Foundation commerce knowledge

These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.

Part B. Specialist discipline knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of actuarial science to provide discipline based solutions to commerce. Units contained within the discipline may meet the requirements for professional accreditation bodies.

Part C. Capstone experience

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

You must complete 192 points, of which 96 points are from the Bachelor of Commerce (including all the requirements in Part A and B for the single degree) and 96 points are from the Bachelor of Actuarial Science (including all the requirements in Part A, B and C for the single degree).

Units are 6 points unless otherwise stated.

Areas of study

Majors (10)

Entry requirements

Guaranteed ATAR and selection rank

90; International: UERT Year 12/Foundation Band 5 (90-92.49); UERT Post-Secondary Band 3 (Distinction)

Other applicants

All applicants must satisfy the equivalence of the VCE subject prerequisites.

VET Diploma or Advanced Diploma graduates:
Applicants will require a minimum 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. Programs that involve competency-based assessment without grades or marks will not be sufficient to meet admission requirements.

Monash College entry requirements:
Diploma of Business (Commerce stream) Part 2 average: 70%
Monash University Foundation Year average: 76.25%

Higher education studies:
Applicants will be require a minimum 70% average to be considered for selection. Preference will be given to applicants whose prior studies are related to the course. A minimum of two single units must be completed in order to meet minimum admission requirements.

English language

Monash Minimum: Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test

Pathways

Refer to the Course description for each partner course

More information

Progression to further studies

Refer to the Course description for each partner course.

Professional accreditation

Refer to the Course description for each partner course.

Other information

In this double degree you will learn to apply your thinking in a commercial capacity and develop the skills required to solve complex problems, while developing a depth of expertise in actuarial science.

This gives you a unique skill set. For example, actuarial science provides the foundational understanding of finance and economics, but combined with majors in economics or finance you will have substantive knowledge across all three.

Actuarial science 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 local actuarial profession. This involves developing basic technical skills, learning how to apply these skills in a general setting, developing deep specialist knowledge and completing a professional course following two years' relevant work experience.

Common questions

How long is Bachelor of Commerce and Bachelor of Actuarial Science?

4 years full time, 192 credit points. At 24 credit points a semester, that is 8 semesters of full-time study.

What majors can I take in Bachelor of Commerce and Bachelor of Actuarial Science?

10 majors in 2021, including Accounting, Behavioural commerce, Business analytics, Econometrics, Economics, Finance, Management studies and Marketing science.

What ATAR do I need for Bachelor of Commerce and Bachelor of Actuarial Science?

The guaranteed ATAR listed for 2021 entry is 90.

Where can I study Bachelor of Commerce and Bachelor of Actuarial Science?

At Clayton.

How do I plan my Bachelor of Commerce and Bachelor of Actuarial Science units?

Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.

Course details

Qualification: Bachelor Degree
AQF level: Level 7
Credit points: 192
Full time: 4 Years
Part time: 8 Years
Maximum time: 10 years

Faculty: Faculty of Business and Economics
CRICOS code: 097258E
Abbreviation: BCom/BActSci
Award titles: Bachelor of CommerceBachelor of Actuarial Science
Handbook years: 202020212022 2023 2024 2025 2026 2027