B2030 Bachelor of Commerce and Bachelor of Actuarial Science

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.

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

Refer to the Course description for each partner course

Refer to the Course description for each partner course.

Refer to the Course description for each partner course.

You can enrich your degree to hone your academic and professional skills with a range of flagship rich experiences, including the Monash Immersion Guarantee and Global Immersion Guarantee - Study Abroad (monash.edu). These flagship rich experience units may be credited in place of your additional commerce unit if approved by the faculty, or alternatively utilising your replacement units. There are both 6 and 12 credit point unit options available.

If you are enrolled in a double degree it may be possible to use 6 credit points from each degree to do the Global Immersion Guarantee (12 credit points). For information on eligible double degree combinations please see Global Immersion Guarantee - Study Abroad (monash.edu).

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.