Master of Accounting
The Master of Accounting program at Monash University offers a compreh...
Bachelor of Commerce and Bachelor of Actuarial Science
Melbourne
INTAKE: Jul & Feb
Program Overview
Monash University, established in 1958, is globally recognized for its commitment to academic excellence and innovation. The Bachelor of Commerce (BCom) and Bachelor of Actuarial Science program at Monash combines comprehensive business education with specialized training in actuarial science. This dual-degree program prepares students for careers in finance, insurance, risk management, and other sectors requiring advanced quantitative analysis and financial expertise.
Curriculum: The BCom and Bachelor of Actuarial Science program at Monash University features a rigorous curriculum that integrates core business subjects with specialized actuarial science courses. Students study fundamental business disciplines such as accounting, economics, management, and marketing, alongside actuarial topics including probability theory, financial mathematics, risk management, and insurance principles. The curriculum emphasizes analytical skills, quantitative methods, and practical applications through case studies and real-world projects.
Research Focus: Monash University is renowned for its research excellence across various fields, including actuarial science, finance, and economics. The BCom and Actuarial Science program encourages students to engage in research activities, collaborate with faculty on research projects, and explore emerging trends in risk assessment, financial modeling, and actuarial practices. Research opportunities enable students to develop critical thinking abilities, apply theoretical concepts to practical scenarios, and contribute to advancements in actuarial science theory and methodology.
Industry Engagement: Monash University maintains strong connections with industry leaders globally, providing BCom and Actuarial Science students with extensive industry engagement opportunities. The program includes guest lectures, industry seminars, and partnerships with financial institutions, insurance companies, and consulting firms. Internships and industry placements allow students to gain hands-on experience, apply their skills in real-world settings, and build professional networks crucial for career advancement.
Global Perspective: With campuses in Australia, Malaysia, China, India, and Italy, and partnerships with universities worldwide, Monash University offers a global perspective. The BCom and Bachelor of Actuarial Science program emphasizes global financial markets, international regulatory frameworks, and cross-cultural business practices. Students are encouraged to participate in international exchanges, study abroad programs, or global internship opportunities to enhance their understanding of global business environments and develop international competencies.
Location
Melbourne
Score
IELTS 6.5
Tuition Fee
AUD 49200
Undergraduate Entry Requirements
Application Fee: AUD $100
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
- TOEFL: Overall score of 80 with a minimum of 19 in each section.
- PTE (Pearson Test of English): Overall score of 58 with a minimum of 50 in each section.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.
Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.
Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.
Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.
Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.
Graduates of the Bachelor of Commerce (BCom) and Bachelor of Actuarial Science program at Monash University possess a unique blend of business acumen and specialized skills in actuarial science, making them highly sought-after in various industries that require advanced quantitative analysis, risk assessment, and financial management expertise.
Actuary: BCom and Actuarial Science graduates can pursue careers as actuaries, specializing in risk assessment, financial modeling, and statistical analysis. They work in insurance companies, financial institutions, consulting firms, and government agencies, calculating financial risks, designing insurance policies, and advising on strategic financial decisions.
Risk Analyst: Graduates can work as risk analysts, assessing financial risks, identifying potential threats, and developing risk mitigation strategies for organizations. They analyze market trends, evaluate investment portfolios, and use statistical models to predict and manage financial risks effectively.
Investment Analyst: With expertise in financial analysis and investment principles, graduates can become investment analysts, evaluating investment opportunities, conducting market research, and providing investment recommendations to clients or organizations. They analyze financial data, assess market conditions, and monitor economic trends to maximize investment returns.
Financial Consultant: BCom and Actuarial Science graduates can work as financial consultants, providing strategic financial advice to individuals, businesses, or government entities. They offer expertise in investment planning, retirement planning, tax strategies, and risk management, helping clients achieve their financial goals and optimize financial performance.
Insurance Underwriter: Graduates can pursue careers as insurance underwriters, evaluating insurance applications, assessing risks, and determining insurance premiums. They analyze applicant information, review policy terms, and use actuarial models to calculate risks associated with insuring individuals or businesses.
Quantitative Analyst (Quant): With strong quantitative skills and knowledge of financial markets, graduates can work as quantitative analysts, developing mathematical models, algorithms, and statistical tools to analyze financial data and predict market trends. They work in investment banks, hedge funds, and asset management firms to support trading strategies and investment decisions.
Financial Risk Manager: BCom and Actuarial Science graduates can specialize as financial risk managers, overseeing risk management processes, policies, and procedures within organizations. They identify, assess, and mitigate financial risks related to market fluctuations, credit risks, operational risks, and regulatory compliance.
Business Analyst: Graduates can work as business analysts, bridging the gap between business objectives and technical solutions in organizations. They analyze business processes, gather requirements, and recommend improvements to enhance operational efficiency, streamline workflows, and achieve strategic goals.
Data Analyst: With proficiency in data analysis and statistical modeling, graduates can pursue careers as data analysts, extracting insights from large datasets to inform business decisions. They utilize data visualization tools, conduct predictive analysis, and generate reports to support strategic planning and operational efficiency.
Corporate Finance Analyst: BCom and Actuarial Science graduates can work in corporate finance roles, assisting organizations in financial planning, budgeting, and capital investment decisions. They analyze financial statements, assess profitability metrics, and provide financial forecasts to support corporate strategies and business growth.
