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 honoring. As set forth by the Shiksha Popularity Ranking 2025, university's Master of Actuarial Science stands tall at #4.
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 University of Melbourne tuition fees 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 | ₹33.43 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 content
- Overview
- Fees
- Curriculum
- Entry Requirements
- Rankings
- Placements
- Highlights
- Scholarships
Master of Actuarial Science at University of Melbourne Fees
Master of Actuarial Science
at University of Melbourne
The first-year The University of Melbourne fees for Master of Actuarial Science is around AUD 45,824.
However, it varies as per the lifestyle of students.
For a detailed breakdown of the cost of attending the university for Master of Actuarial Science, check out the below table:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 33,42,581 |
Calculated at the exchange rate of 1 AUD = INR 58.65 | Tuition & expenses were last updated on 17ᵗʰ April 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
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
- Minimum Requirements :
- An undergraduate or postgraduate degree with the equivalent of a major in mathematically based subjects equivalent of a major in mathematically based subjects, for example, studies in mathematics, statistics, physics, engineering.
- Probability and Statistics or subjects in probability and statistics at an equivalent level; and
- A personal statement outlining why they wish to be considered for the course.
- Applicants who successfully complete the Graduate Diploma in Actuarial Science may be eligible to progress to the Master of Actuarial Science with 100 points credit.
- Minimum Requirements :
Convert your CGPA to GPA
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GPA
Percentage
CGPA
Out of 10
PTE
- No specific cutoff mentioned
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Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
IELTS
- Marks - 6.5/9
- Read less
- IELTS: 6.5 (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
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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 (2021) |
|---|---|
| Internship Available | Yes |
The University of MelbourneStudents Ratings & Reviews
4.1/5
19 Verified ReviewsStudent Views (Based on Reviews)
- 23% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Stressful
Friendly
Internships3.7
Part time work3.9
Post study jobs3.7
Quality of faculty4.3
Student Life4.3
Value for money3.6
Public transportation4.5
Safety4.6
Indian Food4.7
Permanent Immigration3.7
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
M
Manya Kalra
Bachelor of Arts in Economics - Batch of 2026
Offered by The University of Melbourne
3.7
Finding part-time work can be challenging if you live in the city.
Tips: My transition was rather very personal and socially based. Things get very overwhelming when you leave the shadow of your parents and manage everything alone. Making friends was really difficult for me, and my studies consequently got affected. But over time, you realise that you won't get loyal friendships here. One of the funniest culture shocks was the Unisex Washrooms. Rest, people aren't conservative here, but I suggest you be safe from junkies, since they attack a lot. I couldn't get any scholarship from Unimelb despite getting 92.5% in 12th grade - CBSE. But from other students I know as of July 2023, you can get a grant of 10,000 AUD. Personally, UniMelb is too strict and stressful with studies. There aren't a lot of options if you're seeking courses like fashion studies. I'd suggest Monash for business-oriented subjects. The classes aren't interactive or individual-focused focused especially if you have an Asian tutor.
Likes (Public transportation): If you reside in the city, trams are super convenient, and student accommodation is well-located near the university. Myki cards with a concession cost $5 and are affordable, but many students don't use them often. There are also free tram zones that don't require a Myki card at all! If you need to travel from the suburbs, trains and buses are also super convenient, costing AUD 10 per trip.
Dislikes (Part time work): It is fairly difficult to secure on-campus jobs. Finding part-time work can be challenging if you live in the city. I've been searching for a job myself for the past year, although I did have a part-time job for three months during my first semester. Managing part-time work alongside academics is not difficult at all.
Total Monthly ExpenseAUD 900
Prepping time for classes10 hours/Week
Expected Annual SalaryAUD
(1) 1 person found this helpfulA
Anonymous
Master of Management (Finance) - Batch of 2025
Offered by The University of Melbourne
4.8
The environment is quite rigorous and research-oriented.
Tips: Before joining the University of Melbourne, it's important to understand that the academic environment is quite rigorous and research-oriented. Students should be prepared for a fast-paced semester system and should plan their study schedule according. Also, living in Melbourne can be expensive, especially near the CBD or the main city, so budgeting and early accommodation planning are crucial. I received a 25% scholarship based on my Bachelor's merit. The university also offers several other scholarships based on several eligibility criteria. Overall, I'm very satisfied with the University of Melbourne and Australia.
Total Monthly ExpenseAUD 3100
Prepping time for classes25 hours/Week
Expected Annual SalaryAUD 65000
A
Anonymous
Master of Biotechnology - Batch of 2026
Offered by The University of Melbourne
4.3
The University of Melbourne is quite academically oriented.
Tips: The University of Melbourne is quite academically oriented when compared to other universities in Melbourne. So, most probably you might hear your friends from another university saying that they don't have exams. But it's quite important to think that exams are a more preferable mode of analysis and can give value to our degree. It also makes sure that we won't steer away from our studies. I was automatically granted a scholarship of 10000 AUD off my fee, but as mentioned, it was assigned to me based on my track record back in India.
Likes (Safety): The campus is extremely safe for students. There are phone booths around the campus, and they provide easy access to security if you’re ever feeling unsafe. The staff of campus buildings are generally very supportive. And the campus security guards do a good job of making the university safe for everyone.
Dislikes (Permanent Immigration): The job market right now is changing drastically, and many courses are being taken off from the PR options, but I believe the university provides enough resources for us to find jobs and utilise the most of it. Ultimately, I wish to get a job in Australia itself, as biotechnology has a great market.
Total Monthly ExpenseAUD 1800
Prepping time for classes20 hours/Week
Expected Annual SalaryAUD
View All 26 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
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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
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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
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