Monash University

Undergraduate - Area of study

Students who commenced study in 2013 should refer to this area of study entry for direction on the requirments; to check which units are currently available for enrolment, refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your area of study.

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This area of study entry applies to students commencing this course in 2013 and should be read in conjunction with the relevant course entry in the Handbook. Any units listed for this area of study relate only to the 'Requirements' outlined in the Faculty of Business and Economics component of any bachelors double degrees.

Managing facultyFaculty of Business and Economics


  • Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.


Graduates will be able to seek employment in finance and business fields dealing with life, general or health insurance, superannuation, risk management and financial consulting. Many actuaries and actuarial graduates work on investment operations for asset managers, brokers and banks. There are a range of government-related jobs in regulatory control, workers' compensation, education and others. Some actuaries work with large companies on long-term strategic planning.


To complete the actuarial studies major in the Bachelor of Commerce and the Bachelor of Economics or related double degrees, students must complete:

(a.) Three units (18 points):

  • ETC1010 Data modelling and computing
  • ETC2430 Actuarial statistics
  • ETC2520 Probability and statistical inference for economics and business

(b.) five units (30 points) from the following list:

  • AFC2000 Financial institutions and markets
  • AFC2140 Corporate finance
  • AFC2340 Debt markets and fixed income securities
  • ETC3420 Bayesian modelling and risk analysis
  • ETC3460 Financial econometrics
  • ETC3510 Modelling in finance and insurance, or MTH3251 Financial mathematics
  • ETC3530 Contingencies in insurance and pensions
  • MTH3241 Random processes in the sciences and engineering

Contact details

Relevant courses

Single degrees

  • 0179 Bachelor of Commerce
  • 4419 Bachelor of Commerce (Dean's Scholars Program)
  • 0023 Bachelor of Economics

Double degrees

  • 0542 Bachelor of Arts and Bachelor of Commerce
  • 4403 Bachelor of Arts (Global) and Bachelor of Commerce
  • 0170 Bachelor of Arts and Bachelor of Economics
  • 4417 Bachelor of Biomedical Science and Bachelor of Commerce
  • 3823 Bachelor of Commerce and Bachelor of Aerospace Engineering
  • 3830 Bachelor of Commerce and Bachelor of Business Information Systems
  • 1319 Bachelor of Commerce and Bachelor of Economics
  • 0548 Bachelor of Commerce and Bachelor of Engineering
  • 0546 Bachelor of Commerce and Bachelor of Laws
  • 3834 Bachelor of Commerce and Bachelor of Mechatronics Engineering
  • 1469 Bachelor of Commerce and Bachelor of Science
  • 1185 Bachelor of Music and Bachelor of Commerce
  • 2630 Bachelor of Pharmacy and Bachelor of Commerce