10 Videos,15 Photos
Master of Actuarial Science
4.1 /5
- Public University
Faculty of Business and Economics
Talk to ExpertMaster of Actuarial Science at University of Melbourne Overview
Master of Actuarial Science
at University of Melbourne
The University of Melbourne has been pioneering Master of Actuarial Science at PG level. The program has a duration of 18 months. This particular course is directed towards individuals who seek a higher level of the educational cycle. The program is considered one of the best in the country, which is responsible for the program's excellent quality and honouring. For the course, applicants must satisfy evaluation based on eligibility criteria among which entrance scores obtained in tests such as IELTS are imperative for attaining admission. The The University of Melbourne tuition fee for the first year to pursue this course is AUD 45,824. Added should be living expenditures, rent, hostel fees, boards, books and supplies, utilities, or any other expense for the course. This complete budgeting plan ensures that the students go through their college life hassle-free.
Duration | 18 months Get Curriculum |
Tuition & Fees | ₹34.90 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Actuarial Science
Table of contents
Master of Actuarial Science at University of Melbourne Fees
Master of Actuarial Science
at University of Melbourne
For enrolling at The University of Melbourne, for Master of Actuarial Science, students must pay the tuition and living cost. Moreover, The University of Melbourne Master of Actuarial Science fee structure can vary from domestic to international students.
International students must pay the AUD 45,824 for the first year. Along with this, they must be ready for other costs of living such housing, food, transportation, books and supplies, and other miscellaneous expenses. Check out The University of Melbourne Master of Actuarial Science on the fee breakup, from the table mentioned below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 34,89,962 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 17,45,611 |
| Total approximate fees | INR 17,45,611 |
Calculated at the exchange rate of 1 AUD = INR 57.22 | Tuition & expenses were last updated on 23ʳᵈ November 2025Master of Actuarial Science at University of Melbourne Curriculum
Master of Actuarial Science
at University of Melbourne
Latest curriculum for Master of Actuarial Science at University of Melbourne can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in MS at University of Melbourne
Download exam sample paper
IELTS
IELTS
TOEFL
PTE
Master of Actuarial Science at University of Melbourne Entry Requirements
Master of Actuarial Science
at University of Melbourne
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- No specific cutoff mentioned
- Read less
- Students must have completed an undergraduate or postgraduate degree with a major in mathematically based subjects, such as studies in mathematics, statistics, physics, engineering (or equivalent) and have completed the subjects MAST20004 Probability and MAST20005 Statistics or subjects in probability and statistics at an equivalent level
Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 81/120
- with writing 19; speaking 19; reading 16; listening 16
Sign-up to view details
Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
PTE
- Marks - 64/90
- with writing 60; speaking 60; reading 60; listening 60
IELTS
- Marks - 6.5/9
- Read less
-
with writing 6.0; speaking 6.0; reading 6.0; listening 6.0
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
-
Conditional Offer
- Yes
- If the offer is conditional, then the applicant needs to meet the conditions of the offer before accepting it
Sign-up to view details
Master of Actuarial Science at University of Melbourne Rankings
Master of Actuarial Science
at University of Melbourne
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #34 | |
| #35 | |
| #151 |
Master of Actuarial Science at University of Melbourne Placements
Master of Actuarial Science
at University of Melbourne
| Particulars | Statistics (2025) |
|---|---|
| Internship Available | Yes |
The University of MelbourneStudents Ratings & Reviews
4.1/5
19 Verified ReviewsStudent Views (Based on Reviews)
- 32% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Stressful
Fun loving
Internships3.8
Part time work3.8
Post study jobs3.7
Quality of faculty4.4
Student Life4.4
Value for money3.5
Public transportation4.5
Safety4.5
Indian Food4.7
Permanent Immigration3.8
V
Vinayak Kapoor
Master of Management (Accounting and Finance) - Batch of 2026
Offered by The University of Melbourne
4.3
A challenging but transformative experience.
Tips: Before joining students should know that the academic environment is a bit challenging but rewarding as well. The university offers so many opportunities beyond academics like clubs, committees, leadership roles, industry networking and getting involved really helps you settled in and grow. I got an internship after landing a business and economics scholarship which recognised my academic background and leadership background as well. I'm satisfied with my course and I love Melbourne. The city is really beautiful and you get so many volunteering opportunities every single day.
Total Monthly ExpenseAUD 2500
Prepping time for classes22 hours/Week
Expected Annual SalaryAUD
A
Anonymous
Bachelor of Science in Data Science - Batch of 2025
Offered by The University of Melbourne
3.8
Academically challenging but good.
Tips: There is a bit of a cultural shift when you come from India but you will adjust within a few weeks/ months. Getting a scholarship as an international Bachelor student is quite tough and I wasn't able to get any. I am satisfied with my university but I do feel like it is quite expensive for what it offers and I am not sure how much return I am going to get out of it.
Likes (Public transportation): Public transport is quite accessible and is very well connected. It is however not very affordable as you have to pay 10 dollars (600 INR) even if you have to travel two stops ahead. But it is very well connected to the city and suburbs and you don't really need a car if living in the city.
Dislikes (Value for money): It is quite a lot and I believe the ROI is not much. The salaries you get compared to what an international student pays don't justify it. But again, it is one of the best universities in the world so you pay for the quality and the experience it offers.
Total Monthly ExpenseAUD 3025
Prepping time for classes40 hours/Week
Expected Annual SalaryAUD 65150
K
Kasturi Morade
Master of Management (Marketing) - Batch of 2026
Offered by The University of Melbourne
4.4
My university is academically oriented and has amazing faculty.
Tips: Coming to University of Melbourne has brought a lot of changes in my personality and the way I perceive things. I have become so much compassionate, humble, kind and friendly. The university gives you an opportunity to meet people from all around the world who have different faith systems and that teaches you to become respectful and patient. Being here has also made me realise the importance of teamwork and professionalism. I have learned how to express myself more confidently and speak up to address any issues in a way that is mature and polite. This cultural transition has made me independent and self-aware.
I received the Business and Economics Scholarship from my university. This was an auto-granted scholarship that was based on my academic performance. The scholarship covers 50% of my tuition fees.
I am highly satisfied with my university, course and Australia. I wouldn't want it any other way. My university is academically oriented and has amazing faculty. They are some of the best people in their field.
Australia is a beautiful country. The people are kind, non racists, warm and welcoming. I found it very easy to adapt to the culture here because it is so open, relaxed and diverse.
For my course, it is slightly a little theoretical, but it provides valuable insights. I like most of my subjects that genuinely interest me. Subjects like consumer and consumption, branding, project management, managerial decision analytics and branding really fascinate me. I also love how the assignments allow you to apply concepts in real case studies.
Total Monthly ExpenseAUD 1850
Prepping time for classes25 hours/Week
Expected Annual SalaryAUD
S
Sparsh Sethi
Master of Social Policy - Batch of 2026
Offered by The University of Melbourne
5
Supportive college environment.
Tips: Do not come here expecting to land a part-time working gig as soon as you arrive. Things like that don't happen easily and take a lot of time. You eventually handle yourself after finding some initial difficulty adjusting to the cultural and ethnic changes in the city. Overall, Melbourne is one of the most accommodating places I've ever been to.
Likes (Quality of faculty): Students can have the time of their lives here. There's literally everything here that a student can ask for. With over two hundred clubs and societies, UniMelb forms one of the biggest student communities in the country, students are given the freedom to explore themselves.
Dislikes (Student Life): The faculty has complete knowledge about their subject, and even beyond that, they're the perfect mix of teacher and mentor. They also know how to maintain their boundaries from students and aren't very over-friendly or in your face with regards to your personal life.
Total Monthly ExpenseAUD 2300
Prepping time for classes10 hours/Week
Expected Annual SalaryAUD 85000
S
Sparsh Sethi
Master of Social Policy - Batch of 2026
Offered by The University of Melbourne
4.7
The university is quite expensive.
Tips: Do not expect to land a part-time role as soon as you arrive. It can take a lot of time. The education culture of Australia is experience-based, so it'll involve a lot of group discussions and class participation. Hence, it is essential to do the required readings before class in order to make the most of your learning experience.
Likes (Indian Food): There is a variety of options for Indian as well as any other country's food, so you won't get that feeling of homesickness. Since I've come here, I've had the best of experiences trying out different cuisines like Chinese, Japanese, Italian, Argentinean, and whatnot.
Dislikes (Value for money): I feel like the course is expensively priced, and it costs more than double what it does to a domestic student. Although I'm sure the courses provide value for money, I still feel they're at a price that might not be comfortable for everyone to bear.
Total Monthly ExpenseAUD 2300
Prepping time for classes10 hours/Week
Expected Annual SalaryAUD 85000
View All 25 Reviews
Master of Actuarial Science at University of Melbourne Highlights
Master of Actuarial Science
at University of Melbourne
- Master of Actuarial Science is offered by Faculty of Business and Economics under The University of Melbourne, Australia.
This a Masters level program of a course duration of 18 Months.
Download the brochure to read more details of this course.
Master of Actuarial Science at University of Melbourne Scholarships
Master of Actuarial Science
at University of Melbourne
Resources for you
Learn the process in simple steps with these guides handpicked for you
Explore courses offered by University of Melbourne
Select the Degree you are Interested in
Select the Stream you are Interested in
Other Courses offered by University of Melbourne
View Other 334 Courses
Similar courses in different Universities
University of Canberra
Canberra, AustraliaPublic
Federation University Australia
Ballarat, AustraliaPublic
University of Wollongong - Australia
Wollongong, AustraliaPublic
Federation University Australia
Ballarat, AustraliaPublic
James Cook University - Brisbane
Brisbane, AustraliaPublic
University of Tasmania
Hobart, AustraliaPublic
The University of Queensland
Brisbane, AustraliaPublic
Deakin University
Burwood, AustraliaPublic
University of South Australia
Adelaide, AustraliaPublic
Western Sydney University, Sydney City Campus
Sydney, AustraliaPublic
About the author
With over 6 years of overall work experience in Content Writing, Chandra Shekhar has worked on various content writing profiles like Technical and Education-based. He has been involved in writing for higher education and abroad studies for more than ...Read Full Bio
Study in AustraliaUniversities in AustraliaUniversities in MelbourneUniversity of MelbourneMaster of Actuarial ScienceMaster of Actuarial Science at University of Melbourne
Master of Actuarial Science
at University of Melbourne
Campus
Aerial View
The University of Melbourne picture
Master of Actuarial Science at University of Melbourne Popular & recent articles
Master of Actuarial Science
at University of Melbourne
View more articles
Master of Actuarial Science at University of Melbourne Contact Information
Master of Actuarial Science
at University of Melbourne
Address
The University of Melbourne
Grattan Street, Parkville
Victoria 3010
Australia
Melbourne ( Victoria)
Phone
Go to College Website ->