Master of Actuarial Studies
3.9 /5
- Public University
Faculty of Business and Economics
Talk to ExpertMaster of Actuarial Studies at Monash University Overview
Master of Actuarial Studies
at Monash University
The Monash University offers a really good Master of Actuarial Studies program at the PG level, which lasts for 2 years. To get admission to the program, students must meet the requirements for the course which include having a valid score on tests like IELTS. The Monash University tuition fee for the first year of the Master of Actuarial Studies is AUD 45,500. Also, the students should budget well for living expenses, which has:
- Accommodation (rent or hostel)
- Food
- Books
- Other important utilities
Duration | 2 years |
Tuition & Fees | ₹26.04 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Course Level | PG Degree |
Mode of Course | Full Time |
Master of Actuarial Studies
Table of contents
Master of Actuarial Studies at Monash University Fees
Master of Actuarial Studies
at Monash University
Students interested in pursuing a Master of Actuarial Studies from Monash University must fulfil the associated monetary requirements that come with the course. The fee structure includes the payment of the first-year tuition fee. Students must also plan for some other costs they may incur associated with living in Australia such as rent, food, medical, travel and other expenditures. The cost may vary as per the lifestyle being pursued by the students and some other fees that may be charged by Monash University over the duration of studies. The first year tuition fee for Master of Actuarial Studies is around AUD 45,500. For a more detailed fee breakdown regarding the Master of Actuarial Studies from Monash University, refer the table given below:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 26,03,510 |
Calculated at the exchange rate of 1 AUD = INR 57.22 | Tuition & expenses were last updated on 3ʳᵈ October 2024Download exam sample paper
IELTS
IELTS
Duolingo
PTE
Master of Actuarial Studies at Monash University Entry Requirements
Master of Actuarial Studies
at Monash University
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 65%
- Read less
- Applicants must hold an Australian bachelor degree (or equivalent qualification) in a technical, mathematical or scientific discipline with a Weighted Average Mark (WAM) of 65% or an equivalent GPA determined by the faculty and must have passed an introductory statistics unit or equivalent
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
PTE
- No specific cutoff mentioned
Sign-up to view details
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
IELTS
- Marks - 6.5/9
- with no band less than 6.0
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
Duolingo
- No specific cutoff mentioned
Sign-up to view details
Master of Actuarial Studies at Monash University Rankings
Master of Actuarial Studies
at Monash University
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #4 | |
| #57 | |
| #76 |
Master of Actuarial Studies at Monash University Placements
Master of Actuarial Studies
at Monash University
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes |
Monash UniversityStudents Ratings & Reviews
3.9/5
24 Verified ReviewsStudent Views (Based on Reviews)
- 69% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Multi-dimensional
Stressful
Internships3.3
Part time work3.3
Post study jobs3.5
Quality of faculty4.3
Student Life4.1
Value for money3.5
Public transportation4.2
Safety4.5
Indian Food4.3
Permanent Immigration3.6
R
Rishiraj Sinharay
Master of Data Science - Batch of 2023
Offered by Monash University
4.6
A truly rewarding and holistic international experience.
Tips: The course is demanding as in it demands time and genuine effort. Especially in units like Statistics and Machine Learning. Those are the toughest units. It is easier if you prepare before each class and start working on the assignments on time. Unlike colleges in India, you need to put in a lot of self studying hours to understand concepts. Your professors and tutors are there to help you with questions and doubts. But at the end of the day it feels good because you know you put in effort and it worked out and you genuinely learned something.
I enrolled through IDP so I got a small scholarship of 10000 AUD. Monash as a university is very exciting. There is always some fun event going on which is open for all.
Likes (Indian Food): Clayton is full of Indian and Asian restaurants. You would never miss Indian food. Plus there are numerous options. Even in the city, there are multiple options to try different cuisines. Everything is available. There are numerous Indian stores in Clayton for Indian groceries as well.
Dislikes (Internships): There is some competition as opportunities are less but its still possible to land internships. The university has career services in Monash Connect. You can book appointments and consult with them regarding how to approach the job market. But Monash itself focuses a lot on research, so if you network well, it can lead to internships within the university. Various clubs organise networking events for students and there are private organisations in the city who organise networking events too.
Total Monthly ExpenseAUD 2500
Prepping time for classes35 hours/Week
Expected Annual SalaryAUD 75000
(1) 1 person found this helpfulA
Anonymous
Bachelor of Engineering (Honours) and Bachelor of Computer Science - Batch of 2026
Offered by Monash University
4.2
Learning, growing and loving the uni life.
Tips:
Before joining, students should be prepared for being comfortable stepping out of their comfort zones. The people are actually very nice over here and love to have short talks. The cultural shift was noticeable - especially the independence and direct communication - but I adjusted over time. I received a 10,000 AUD partner scholarship, which was directly deducted from my one-year fee. Overall, I'm happy with my course, the university, and the experience here in Australia.
Dislikes (Public transportation): The V line services often experience disruptions, delays and planned works which can be quite inconvenient. On weekends and public holidays the frequency of trains tends to drop leading to long gaps between services. The campus is connected to the city via train and bus.
Total Monthly ExpenseAUD 2200
Prepping time for classes50 hours/Week
Expected Annual SalaryAUD 70500
A
ANUJ RANJAN
Bachelor of Software Engineering (Honours) - Batch of 2027
Offered by Monash University
3.5
It is a great college and international exposure is great.
Tips: Monash offers great academics and a diverse campus, but tuition and living costs are high. Adjusting was tough at first due to a new academic style and independent culture, but the diverse, friendly campus made it easier to settle. I did not get any scholarships.
Likes (Indian Food): There are plenty of food options from my country of origin available around the Clayton area. Grocery stores and supermarkets also stock Indian items and ingredients. I often prefer cooking at home, but it's great to have affordable and authentic options when I want to have something great.
Dislikes (Value for money): It is very expensive to study at Monash University, and while the faculty members and teaching are good, I don't think that the extremely high tuition or around AU$ 200,000 is justified. The value does not match the investment as it places a very big burden on student and parents.
Total Monthly ExpenseAUD 1250
Prepping time for classes34 hours/Week
Expected Annual SalaryAUD
R
Raiwat Kumar
Bachelor of Science and Bachelor of Computer Science - Batch of 2026
Offered by Monash University
3.6
A balanced journey, growth, challenges, and opportunities as an international student.
Tips: Student should know that while this college offers a wide range of opportunities both academic and extra curricular requires self initiative, professors and staff are supportive but you need to be protective about attending events seeking, help and building your network time management is key, especially if you're juggling studies with part time work. Also don't expect things to be handed to you. You will get the most out of the experience if you actively participate in what's happening on campus. The transition was challenging at first especially as an international student and there was definitely a cultural shift. People are more individualistic and open in how they communicate. The education system is also different focusing more on independent learning, critical thinking and research based assignments. At the same time, their cultural diversity on campus helps me quickly. I made friends from different countries and which really helped open my mind and help me feel more included. I received the international student merit-based scholarship. The process involves submitting my academic transcript and personal statement during my application. It wasn't a full scholarship, but it offered a partial tuition fee, which was helpful in reducing final pressure.
Total Monthly ExpenseAUD 2775
Prepping time for classes23 hours/Week
Expected Annual SalaryAUD 23375
V
Varun Shroff
Master of Data Science - Batch of 2026
Offered by Monash University
3.9
Good facilities and teaching staff, but somewhat expensive.
Tips: Students should know that it won’t be easy to study at this university. You will be in a new country and a new environment and you’ll have to do a lot of the work on your own so it won’t be easy at first. But once you get used to it you’ll do really well and your life will change. You’ll also learn to be more disciplined, which will help you a lot.
Likes (Safety): There are guards security personnel and cameras that make you feel safe. The staff and people around you are also really good and easy to approach, and we have Monash Connect where we can go and talk about any problems with them whether academic or even personal.
Dislikes (Indian Food): There aren’t enough vegetarian options available especially for the morning 8 am classes. It makes it difficult for people who are vegetarians because it’s difficult to cook their own meals every day. If there were some vegetarian choices I think it would be really helpful.
Total Monthly ExpenseAUD 2500
Prepping time for classes20 hours/Week
Expected Annual SalaryAUD 65150
View All 26 Reviews
Master of Actuarial Studies at Monash University Highlights
Master of Actuarial Studies
at Monash University
- Master of Actuarial Studies is offered by Faculty of Business and Economics under Monash University, Australia.
This a Masters level program of a course duration of 2 Years.
Download the brochure to read more details of this course.
Master of Actuarial Studies at Monash University Scholarships
Master of Actuarial Studies
at Monash University
Scholarship information is not available. You can apply to non-college specific scholarships available for
Australia.
View all 35 scholarships
Resources for you
Learn the process in simple steps with these guides handpicked for you
Explore courses offered by Monash University
Select the Degree you are Interested in
Select the Stream you are Interested in
Business & Management Studies
IT & Software
Medicine & Health Sciences
Engineering
Science
Nursing
Humanities & Social Sciences
Law
Teaching & Education
Accounting & Commerce
Design
Architecture & Planning
Mass Communication & Media
Arts ( Fine / Visual / Performing )
Hospitality & Travel
Data Science
Banking, Finance & Insurance
Other Courses offered by Monash University
View Other 355 Courses
About the author
A tech enthusiast, Kartik has graduated with a Bachelor of Computer Application from the IMS Ghaziabad 2023 batch. Kartik loves to learn about Cybersecurity and Cybercrime. Also, his hobbies are such as traveling, trekking, cooking, and more. Moreove...Read Full Bio
Study in AustraliaUniversities in AustraliaUniversities in MelbourneMonash UniversityMaster of Actuarial StudiesMaster of Actuarial Studies at Monash University Popular & recent articles
Master of Actuarial Studies
at Monash University
View more articles
Master of Actuarial Studies at Monash University Contact Information
Master of Actuarial Studies
at Monash University
Address
Scenic Blvd, Clayton, Victoria 3800, Australia
Melbourne ( Victoria)
Phone
Go to College Website ->