Commerce and Actuarial Science

The Bachelor of Commerce and Bachelor of Actuarial Science at Monash University is a comprehensive double degree program designed to equip students with a strong foundation in business principles alongside specialized actuarial skills. This innovative course combines rigorous coursework in commerce, including areas such as accounting, economics, finance, and management, with the highly quantitative and analytical training required for a career in actuarial science. The program aims to develop students' abilities to analyze complex financial data, assess risk, and make informed decisions in a variety of business contexts. Throughout the duration of the course, students gain practical experience through case studies, industry projects, and internships, which prepare them for the dynamic demands of the professional world. The actuarial component provides in-depth knowledge of probability, statistics, financial mathematics, and actuarial modeling, positioning graduates to undertake professional examinations and pursue careers in insurance, superannuation, consulting, and finance sectors. Monash University’s strong industry connections and emphasis on real-world application enable students to develop both theoretical understanding and technical skills necessary for success in the rapidly evolving financial landscape. The program also offers opportunities for international study exchanges and networking events, broadening students' professional horizons. Graduates of this double degree are well-equipped to enter the workforce or pursue further studies, including postgraduate qualifications in commerce or actuarial science. With a focus on analytical thinking, problem-solving, and ethical decision-making, the Bachelor of Commerce and Bachelor of Actuarial Science at Monash University prepares students to become future leaders in finance, risk management, and business analytics.

Graduates may satisfy educational requirements of various professional registrations and memberships.

• Year 12 or equivalent
• Units 3 and 4: a study score of at least 30 in English (EAL) or 25 at Some other English, and a study score of at least 25 in Mathematical Methods (Almost Any ) or Specialist Mathematics

The Bachelor of Commerce at Monash University offers a diverse range of specialization options including Finance, which prepares students for careers in financial services, banking, investment management, and corporate finance. The program's financing component is designed to equip students with essential financial knowledge and skills needed to succeed in competitive global markets. Students typically engage with core courses such as Principles of Finance, Financial Markets and Institutions, Investment Analysis, and Corporate Finance, which provide foundational understanding of how financial systems operate, the principles of asset valuation, risk management, and financial decision-making.

To support students' practical understanding, the program may include opportunities such as internships, industry projects, and case studies that simulate real-world financial scenarios. Monash University invests in state-of-the-art facilities and resources, offering access to financial databases, trading rooms, and computer labs, which enhance the learning experience.

Financing studies also encompass learning about financial regulation, ethical standards, and compliance issues within the financial industry. Students gain insights into regulatory frameworks governing Australian and international financial markets, preparing them for ethical challenges in the financial sector. The program emphasizes quantitative skills, including financial modeling, statistical analysis, and the use of financial software like Excel, Bloomberg, and other analytical tools.

The program facilitates pathways for students to undertake honors or postgraduate studies in finance or related fields, which can lead to careers in investment banking, financial analysis, asset management, and financial consultancy. Scholarships and financial aid options are available for eligible students to assist with tuition fees and living expenses. Overall, the financing component of the Commerce program at Monash University is designed to produce graduates who are well-versed in financial principles, equipped with analytical and practical skills, and prepared to contribute effectively to the financial sector locally and internationally.

The Bachelor of Commerce at Monash University is a comprehensive undergraduate degree designed to provide students with a solid foundation in business and commerce principles. The program offers a diverse range of specializations, including accounting, economics, finance, management, marketing, and data analysis, enabling students to tailor their studies to their career interests and goals. The curriculum combines theoretical knowledge with practical skills, ensuring graduates are well-prepared for the dynamic and competitive global marketplace. Throughout the course, students have the opportunity to engage in internships, industry projects, and exchange programs, which enhance their real-world understanding and employability.

The Bachelor of Commerce typically spans three years of full-time study, although flexible study options are available. The program emphasizes analytical thinking, problem-solving, and ethical decision-making, which are essential competencies in contemporary business environments. Monash University’s strong links with industry partners facilitate student placement and networking opportunities, fostering connections that can be valuable in future career pursuits. The faculty members are experts in their fields, often involved in cutting-edge research and consulting, bringing current industry insights directly into the classroom.

For students interested specifically in actuarial science, Monash offers a dedicated program that combines mathematics, statistics, economics, and finance to prepare students for careers in risk assessment, insurance, and financial services. The actuarial program meets the requirements of professional actuarial organizations, providing exemptions from certain professional exams, which significantly accelerates the pathway to becoming a qualified actuary. The curriculum is rigorous, and students are encouraged to develop strong quantitative skills, along with communication and problem-solving abilities.

Both programs benefit from Monash's modern facilities, comprehensive resources, and supportive academic environment. Graduates from these degrees are highly sought after by employers worldwide, thanks to the program’s emphasis on practical application, industry engagement, and internationally recognized accreditation. Whether pursuing a career in commercial enterprise or actuarial consulting, Monash University's courses are designed to equip students with the knowledge, skills, and networks necessary for success in the evolving global economy. The university also offers numerous support services, including career advising, mentoring, and professional development workshops, to assist students in achieving their academic and career objectives.