B2052
B2052 - Bachelor in Actuarial Analytics
Course Map Planning Guide (For Students Commencing in 2026)
It is your responsibility to ensure that you chose the correct units, and this web page will give you all the information you need to do this. It will take you through each component of your degree and explain the decisions you need to make.
The Basics
At Monash we call our degrees “courses”. You are enrolled in a course called the Bachelor in Actuarial Analytics. It has a course code: B2052.
To graduate from this course you need to complete a total of 24 units. Most students do this by taking 4 units each semester for 6 semesters (two semesters each year for three years). It is very important that you choose your units carefully because you have to meet the rules of the degree. If you get to the end of three years and have chosen the wrong units you won’t be able to graduate and will have to do another semester of study.
Your degree has four sections:
- Part A. Foundation commerce knowledge
- Part B. Specialist discipline knowledge
- Part C. Capstone experience
- Part D. Free elective study
You must complete 4 units in Part A, 15 units in Part B, 1 unit in Part C and 4 units in Part D (giving you a total of 24 units). Each part has its own rules. The following sections take you through each part in detail, explaining exactly what you need to do to meet the rules.
Part A: Foundation commerce knowledge (4 Units)
You must complete the following four units (24 credit points).
| ACW1120 | Corporate finance 1 |
| BFW1001 | Foundations of finance |
| BFW2140 | Corporate finance 1 |
| ECM1953 | Principles of economics |
Part A summary
You must complete Foundation commerce knowledge = 4 units.
Part B: Specialist discipline knowledge (15 units)
You must complete the following fifteen units (90 credit points).
| ETM1005 | Programming for business applications |
| ETM1015 | Calculus 1 |
| ETM1020 | Calculus 2 |
| ETM1030 | Mathematical statistics |
| ETM2100 | Principles of statistical inference |
| ETM2110 | Risk and survival modelling |
| ETM2200 | Time series analysis and stochastic processes |
| ETM2550 | Actuarial mathematics 1 |
| ETM2860 | Economic modelling 1 |
| ETM3800 | Text analytics for business |
| ETM3860 | Economic modelling 2 |
| ETW2440 | Business modelling and analytics methods |
| ETW2500 | Unsupervised learning for business |
| ETW3482 | Data mining and predictive modelling |
| ETW3483 | Applied analytics |
Part B summary
You must complete Specialist discipline knowledge = 15 units.
Part C: Capstone experience (1 Unit)
You must complete the following unit
| ETM3550 | Actuarial mathematics 2 |
Part C summary
You must complete the capstone experience = 1 unit.
Part D. Free Elective Study (4 units)
This is the most adventurous part of the Bachelor in Actuarial Analytics because the choice is yours! Here you have 4 units of “electives'' which means that you can choose what you want to study. There is an option for a minor in this part of your course. We strongly recommend that students go through the Handbook for detailed information on the structure and requirements for each minor.
You must complete four units (24 credit points) of free elective study, of which one unit (6 credit points) must be at Level 3.
List of recommended electives are below.
| BEW3110 | Work experience program |
| BFW2120 | Introduction to financial technology |
| BFW2341 | International financial management |
| BFW2401 | Commercial banking and finance |
| BFW2751 | Derivatives 1 |
| BFW3121 | Investments and portfolio management |
Part D summary
You must complete 4 units with at least 1 unit at level 3.
How will my unit selection impact on my exchange program
During your course, you can opt to study a semester or two at any one of Monash's partner universities or study at a Monash campus in Australia for one semester.
You are encouraged to plan for this early in your course, preferably in your first semester, as you will need some flexibility in your course structure if deciding to study in Australia or a partner university.
Studying at a Monash Australia campus is the most convenient as you will find that some units you need for the course are also offered in Australia. Apart from the Faculty conditions, you would also need to check if the units you need are offered while you are in Australia.
If you prefer to study at a partner university, the choice of units you can take at the partner university will be dependent if you are substituting it with a Monash compulsory core unit, unit contributing to your specialisation, or free elective unit. There are faculty policies in determining how the partner university's subjects are assessed and approved:
- For compulsory core units, an equivalency assessment will be made where the partner university subject will need to share an 80% or greater overlap in learning outcomes, content and assessment.
- Units required for your specialisation offers some flexibility in equivalency assessment and will be determined by the Faculty. This will be approved if the partner university subject is judged to have sufficient equivalent content and equates to six Monash credits on its own or in combination with another host subject.
- The most frequently used type of unit by students who exchange to a partner university are free electives. These units offer flexibility in your choice of study while overseas and can be anything judged suitable for credit at an appropriate learning volume.