B2030 Bachelor of Commerce and Bachelor of Actuarial Science

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 four parts. In the double degree course you complete:

Part A. Core studies

These studies 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. Major studies (excludes Actuarial studies)

Your major studies 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.

Part C. Capstone studies

This is designed to consolidate the knowledge and skills acquired throughout the study of your major.

Actuarial Science

B2033 Bachelor of Actuarial Science is a specialist course, structured in four parts. In the double degree course you complete:

Part A. Core studies

These studies 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. Discipline studies

These studies 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. Specialist studies

These units let you focus more deeply on advanced areas of actuarial science. They develop your expertise in applying specialised knowledge and approaches to complex commerce problems, preparing you for professional practice or further study. Units contained within this component may meet the requirements for professional accreditation bodies.

Course progression map

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

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

You will complete one specialisation in the Bachelor of Actuarial Science and one major in the Bachelor of Commerce. Where you have space in your degree you may complete a second major with no more than two units contributing towards both of your chosen majors or towards both a major and the specialisation.

Where there is double up of units across the two single degrees, these units must be replaced by another unit. Up to six of these may be replaced by a unit from across the University, providing the prerequisites 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 credit point project, international experience or internship, or undertake a minor in a different discipline from your major.

You can enrich your degree to hone your academic and professional skills with a range of Flagship Rich Educational Experiences (FREE), including the Research, Experimentation and Discovery, Monash Innovation Guarantee, Global Immersion Guarantee. and Volunteering These flagship rich educational experience units may be credited in place of your specified commerce elective 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.

Commerce component (96 credit points)

You must complete 96 credit points, including all of the requirements in Parts A, Part B and Part C, for the Bachelor of Commerce.

If you undertake both the Actuarial Studies specialisation (within the Actuarial Science component) and the Econometrics major, you cannot select ETC3460, as this unit is completed in Part C Specialist Studies – Actuarial Studies specialisation within the Actuarial Science component. Additionally, you may not select ETC2440, ETC2520, or ETC3550 from the Econometrics major, as these units are completed in Part B Discipline Studies within the Actuarial Science component.

If you undertake both the Actuarial Studies specialisation (within the Actuarial Science component) and the Mathematical Foundations of Econometrics major (within the Commerce component), you cannot select ETC3430 or ETC3460 in the major, as these units are completed as part of the Actuarial Science component.

If you undertake the Mathematical foundations of econometrics major you cannot not complete ETC2440 as you will undertake this unit in Part B Discipline studies within the Actuarial Science component. Instead, you must complete both ETC3410 and ETC3450 from the additional core units of the major.

Actuarial Science component  (96 credit points)

You must complete 96 credit points, including all of the requirements in Parts A, Part B, and Part C, for the Bachelor of Actuarial Science.