Professional Recognition
Professional recognition
Professional recognition is the formal acknowledgement of your professional status, and in some cases, gives you the right to practice in the profession of your choice. Many of our degrees meet the criteria for accreditation, exemption or membership with relevant professional institutions or industry bodies.
If you’re interested in a particular membership, make sure you’re studying the appropriate course as detailed below. Our course advisers can help you make sure that the units you select will qualify you for membership of the organisation that represents your profession. It’s also a good idea to contact professional bodies directly to talk about membership and entrance requirements. Some double degrees may enable you to be eligible for membership of more than one professional body, which may not be listed below.
The Monash Accountancy major in the Bachelor of Business and Commerce program meets the Professional Accounting Accreditation Guidelines in Malaysia. These guidelines cover the technical and professional competency areas and learning outcomes set by professional accounting bodies.
A Monash Accounting undergraduate degree may give you membership or entry to the following bodies:
- Association of Chartered Certified Accountants (ACCA)
- Entry to the ACCA professional qualification with up to 9 fundamental level paper exemptions. Use the exemption calculator to find out if you’re eligible. The Accelerate program is a special arrangement between ACCA and Monash University, which gives you the opportunity to register and start preparing professional level exams with ACCA prior to graduation at discounted registration and exemption fees.
- School Liaison Officer - Dr Lee Mei Yee - lee.mei.yee@monash.edu
- Apply for your ACCA - Accelerate Letter here
- Certified Practising Accountant (CPA) Australia
- Associate membership of and entry to the CPA Program of CPA Australia. Access the list of accredited courses to see what units you need to complete.
- School Liaison Officer - Dr Norita Mohd Nasir - norita.nasir@monash.edu
- Institute of Chartered Accountants in England and Wales (ICAEW)
- For students that are interested to pursue the Institute of Chartered Accountants in England and Wales (ICAEW) qualification, ICAEW will match up to a maximum of 8 Credit Prior Learning (CPLs)/ exemptions from what is accredited by CAANZ. The list of units exempted can be found in the latest CAANZ ccredited Tertiary Courses document.
- School Liaison Officer - Dr Freida Ayodele - freida.ayodele@monash.edu
- Chartered Institute of Management Accountants (CIMA)
- CIMA offers up to 8 (Certificate and Operational level) paper exemptions and students have to only sit for 8 papers starting from the Management level of the CIMA Qualifications framework.
- A-Star programme CIMA offers a fast-track pathway for Bachelor level students who gain a distinction or above-average mark in their undergraduate bachelor degree. The A-Star programme is a unique one-exam pathway for you to become a Chartered Global Management Accountant (CGMA) designation holder. Successful candidates will be invited to attend an intensive workshop conducted by CIMA trainers to help prepare for the Strategic Case Study exam. Upon successful completion of this exam and successful membership application, you will qualify for CIMA membership and earn the professional global designation of Chartered Global Management Accountant CGMA.
- School Liaison Officer - Dr Puspavathy Rassiah - puspavathy.rassiah@monash.edu
- Malaysian Institute of Certified Public Accountants (MICPA)
- MICPA - Entry into the Advanced Stage Examination is for those who have obtained an accredited degree in Bachelor of Business and Commerce and are exempted from the Professional Stage Exemption. The Advanced Stage Examination (ASE) of the MICPA Programme is a unique collaboration between MICPA and the Chartered Accountants Australia and New Zealand (CAANZ) which leads to 2 qualifications and memberships upon completion of the following components: ASE Modules and 3 years of mentored approved work experience with an Approved Training Employer.
- School Liaison Officer - Dr Sa'adiah Munir - saadiah.munir@monash.edu
Graduates of the Bachelor in Actuarial Analytics (BActAna) program benefit from recognition by the following leading professional bodies and industry partners:
Society of Actuaries (SOA), USA
- The SOA offers a form of recognition for certain subjects through its Validation by Educational Experience (VEE) initiative. The VEE recognition validates knowledge in areas not covered directly by SOA exams but deemed essential for a well-rounded actuarial education. These topics are typically best learned in an academic setting.
- SOA offers a maximum of 3 VEEs for eligible university programmes in actuarial science and/or related areas. There are 3 VEE topics to complete on the pathway to an Associateship (ASA)/CERA designation, and the BActAna program has received approval for all the three VEEs, as listed below:
- VEE Accounting and Finance
- VEE Economics
- VEE Mathematical Statistics
- To qualify for VEE credits, students must have completed the BActAna program, achieved the required minimum grades in the mapped units, and passed at least two actuarial exams administered by the SOA, CAS, or CIA within the required timeframe.
- Further details about the SOA VEE approvals for BActAna can be viewed in the SOA VEE Directory.
- School Liaison Officer: Professor Ganeshsree Selvachandran - ganeshsree.selvachandran@monash.edu
- Institute and Faculty of Actuaries (IFoA), UK
- The IFoA offers exemptions from up to six subjects in the Core Principles stage of its qualification pathway to accredited undergraduate actuarial programmes whose curriculum aligns closely with the IFoA syllabus.
- Our BActAna programme at MUM has been granted the maximum number of exemptions available at this level. Eligible students may receive exemptions for the following six Core Principles subjects:
- CS1: Actuarial Statistics
- CS2: Risk Modelling and Survival Analysis
- CM1: Actuarial Mathematics for Modelling
- CM2: Economic Modelling
- CB1: Business Finance
- CB2: Business Economics
- To qualify for these exemptions, students must meet the exemption thresholds set by the IFoA for each subject These exemptions can be formally applied for and claimed upon successful completion of the BActAna programme.
- School Liaison Officer: Professor Ganeshsree Selvachandran - ganeshsree.selvachandran@monash.edu
- Casualty Actuarial Society (CAS), USA
- The Casualty Actuarial Society (CAS) is a globally recognised professional body dedicated to credentialing and professional education for actuaries. Its members are experts in property and casualty insurance, reinsurance, finance, risk management, and enterprise risk management. The CAS is committed to nurturing the next generation of actuaries and offers the CAS University Recognition Program to support academic institutions that demonstrate excellence in property and casualty and general insurance education.
- Our BActAna program has been awarded Silver Level recognition under the CAS University Recognition Program, placing us among a select group of internationally recognised universities offering high-quality actuarial science programs. This recognition reflects our program’s coverage on general insurance and its alignment with industry needs, in addition to preparing students for key CAS professional examinations — Exam 1, Exam 2, Exam MAS-I, Exam MAS-II, and Exam 5 in the latest CAS curriculum.
- BActAna students who have successfully obtained exemptions from the IFoA for CS1, CS2, CM1, CB1, and CB2 may also receive equivalent waivers from the CAS for Exam 1, Exam 2, Exam MAS-I, VEE Economics, and VEE Accounting and Finance, subject to fulfilling certain requirements set by the CAS.
- To qualify for VEE credits or exemptions from the CAS, students must have completed the BActAna program, achieved the required minimum grades in the mapped units, and passed at least two actuarial exams administered by the SOA, CAS, or CIA within the required timeframe, and meet any additional requirements set by the CAS.
- Further details about the CAS Silver Level recognition for the BActAna can be viewed here: CAS University Recognition List
- School Liaison Officer: Professor Ganeshsree Selvachandran - ganeshsree.selvachandran@monash.edu
- SAS – Monash University Malaysia Academic Specialization in Actuarial Analytics
- The SAS® Academic Specialization Program supports universities in integrating SAS tools into their curriculum to better prepare students for data-driven careers.
- Graduates of the BActAna program are eligible for Tier 1 SAS Academic Specialization and will receive a SAS Academic badge co-branded with the Monash University Malaysia logo.
- For more information on the SAS Academic Specialization Program and a list of recognized programs, please refer here.
- School Liaison Officer: Professor Ganeshsree Selvachandran - ganeshsree.selvachandran@monash.edu
The Banking & Financial Management Major in the Bachelor of Business and Commerce program may give you membership or entry to the following programs:
Chartered Financial Analyst (CFA) program of the CFA Institute
- The CFA University Affiliation Program recognizes academic institutions that incorporate at least 70% of the CFA® Program Candidate Body of Knowledge (CBOK) with emphasis on the CFA Institute Code of Ethics and Standards of Professional Conduct into their curriculums. Through cooperation with universities around the world, CFA Institute seeks to promote ethics-based investment education in university degree programs aimed at developing investment professionals.
- Our undergraduate students at Monash benefit from the CFA UAP designation most directly by being eligible for a limited number of scholarships that waive registration fees and a portion of the enrollment fee for the relevant CFA exam.
- School Liaison Officer - Dr Mohammed Shaiban - mohammed.shaiban@monash.edu >
- School Liaison Officer - Professor Chaiporn Vithessonthi - chaiporn.vithessonthi@monash.edu
- For more information about CFA UAP, refer here.
- Chartered Market Technician (CMT) Association Academic Partner Program
- The Chartered Market Technician® (CMT) credential is the preeminent, global designation for practitioners of technical analysis. The designation is awarded to those who demonstrate mastery of a core body of knowledge of investment risk in portfolio management settings.
- The Academic Partner Program helps academic institutions to:
- Augment technical analysis curriculum with CMT Association’s globally recognized body of knowledge.
- Prepare students for market facing and customer facing roles in the financial services industry.
- Signals that the institution maintains the highest standards of academic rigor, professional practice and a commitment to students’ career readiness and applied learning.
- Our undergraduate students at Monash benefit from the Academic Partner Program scholarships if they take CMT Program Level 1 and Level 2 examinations.
- For more information about the CMT Academic Partner Program, refer here.
The Business Analytics Major in the Bachelor of Business and Commerce program gives you recognition by the the following industry partners:
- SAS Academic Specialization Program
- The SAS® Academic Specialization Program allows universities to integrate SAS into their curricula and prepare students for analytics careers.
- Graduating students in the Business Analytics major will be eligible for a Tier 1 SAS Academic Specialisation and will earn a SAS Academic badge with co-branded logo of Monash University Malaysia. View the co-branded badge here.
- For more information on SAS Academic Specialization and for the full list of recognised programs, refer here.