In this double degree you can combine a specialist commerce degree in actuarial science, economics or finance with a science degree that will enable you to work across different areas of mathematics and apply commercial thinking in scientific environments.
A variety of combinations are possible - pair actuarial science, economics or finance with pure or applied mathematics, statistics or financial and insurance mathematics. Or combine economics with atmospheric science, environmental science or ecology and conservation biology for a future focused on sustainable development.
You will develop a strong understanding of mathematics and science in a research capacity and a commercial capacity, across data analytics, forecasting, business modelling, risk management and financial product development.
Some specific or additional units may be required for professional recognition. Refer to the Monash Business School professional recognitionprofessional recognition (http://www.monash.edu/business/future-students/undergraduate-study-options/after-you-graduate/professional-recognition) page for more information regarding accreditation for each of the Bachelor of Commerce specialisations.
The requirements below detail what you must study in order to complete this double-degree course and receive the awards.
Units are 6 points unless otherwise specified. You must complete 192 points:
1. 96 points must be completed in Parts A, B and C as described below in B2004 Bachelor of Commerce Specialist component.
2. 96 points must be completed in Parts A and B as described below in S2000 Bachelor of Science component, of which:
- at least 30 points and no more than 36 points of level 1 units must be completed
- at least 60 points must be completed at levels 2 and 3
- at least 24 points must be completed at level 3
- you must complete the level one sequences at stage one before enrolling in level two science units
Commerce specialist component
Bachelor of Commerce Specialist is a specialist course that develops through the themes of foundation commerce knowledge and specialist discipline knowledge.
Part A. Foundation commerce knowledge (24 points)
These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.
You must complete:
- ECC1000 Principles of microeconomics
- ECC1100 Principles of macroeconomics
- ETC1000 Business and economic statistics
- ETC2410 Introductory econometrics
Part B. Specialist discipline knowledge and Part C. Capstone experience (72 points)
The specialist discipline knowledge units will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions to commerce. Units contained within the discipline specialisation may meet the requirements for professional accreditation bodies. The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.
You must complete the specialist discipline knowledge and capstone experience requirements for one of the following specialisations:
Bachelor of Science is a comprehensive course and it will provide you with a broad, general science education, as well as specialist training in one or more science disciplines.
Part A. Science specified study (48 points)
Although the requirements in Part A appear to exceed 48 points, a level 1 sequence is typically counted towards your major (Part B) and not towards Part A.
You must complete:
Level 1 sequences
a. At least two level 1 approved science sequences (24 points).
Normally, the units in a level 1 sequence are required for the completion of a related minor or major. The choice of level 1 sequences will influence your choice of level 2 and level 3 units and will lay the foundation for your major.
Mathematics and statistics unit
b. You are not required to complete the level one mathematics or statistics unit for the Science component as you complete a corresponding mathematics requirement in your partner course, ETC1000, which is equivalent to STA1010. You can still choose to complete a level one sequence in mathematics.
Additional level 1 units
c. Any additional level 1 units required to take the total level 1 science listed units to either 30 or 36 points. Level 1 science listed units are chosen from units listed under any major, extended major or minor offered in the Bachelor of Science or from the following:
- SCI1200 Humans, evolution and modern society
- SCI1300 Climate change: From science to society
- SCI1400 From Galileo to GPS: How astronomy shapes our lives
- SCI1800 The sustainable planet
Level 2/3 units
d. One unit (6 points) from:
- SCI2010 Scientific practice and communication
- SCI2015 Scientific practice and communication (advanced).
e. Any additional units required to make the total level 2 and 3 Bachelor of Science listed units to at least 60 points (inclusive of the unit in d. and the units in your major in Part B), with at least 24 points at level 3, chosen from:
- SCI3910 Schools science project
- SCI3920 Science industry placement
- SCI3930 Career skills for scientists
- units listed under any major, extended major or minor offered in S2000 Bachelor of Science
Part B. Science listed major (48 points)
You must complete one science listed major from those listed below. A major requires eight units with no more than two units at level 1 (12 points) and at least three units (18 points) at level 3. You may replace the major with an extended major by using the elective units available in Part A.
It is recommended that you consider completing level 2 units in more than one area of science to maximise your choice of major at level 3.
If you intend to undertake an honours year you should ensure you complete the specific units required as a pre-requisite for honours in your chosen major area of study.
Minors, majors and extended majors
Note: Psychology is taught by the Faculty of Medicine, Nursing and Health Sciences.
Refer also to the table of minors and majors by campus which details if an area of study is available as a minor, major or extended major.
You may be eligible to exit this double degree course early and graduate with one of the single awards once you have successfully completed a total of a 144 points, including all of the requirements for the relevant single degree component.
- 144 points to exit with the Bachelor of Commerce Specialist
- 144 points to exit with the Bachelor of Science
You may be eligible to apply for a one-year honours course once you have successfully completed this double degree, or have completed all of the requirements for one of the single degrees including a total of 144 points. The following honours courses apply:
- B3701 Bachelor of Commerce (Honours)
- S3701 Bachelor of Science (Honours)
You are usually eligible to apply for honours if you achieve a distinction grade average (70 percent) or above in 24 points of studies in relevant units at level 3. In addition, some majors require particular units to be taken for admissions to honours. The details are provided with the requirements for each major to which this applies. Science students should refer to the honours prerequisites table.
Students successfully completing the Bachelor of Science may proceed to:
- S5003 Postgraduate Diploma in Science (Malaysia only)
- S6000 Master of Science (from 2019)
- S6001 Master of Financial Mathematics*
- S6002 Master of Environment and Sustainability**
- S6003 Master of Mathematics (from 2019)