Master of Actuarial Science
4.0 /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
Offered at the PG level of study by the The University of Melbourne, Master of Actuarial Science is one of the top choices among international students around the globe. Students can do this course over a period of 18 months. Plus, candidates must meet the minimum score requirements for aptitude test and English proficiency exams such as IELTS, TOEFL and PTE for admissions to the university for Master of Actuarial Science. Also, they must submit all the required documents. When it comes to the expenses of studying this program, the cost is divided into two parts, annual tuition cost and the cost of living. The annual The University of Melbourne tuition fee for Master of Actuarial Science is around AUD 60,992 (INR 4,173,073). Also, the cost of living sums up to be around AUD 30,507 (INR 2,087,289). Note that this amount does not include:
- Housing
- Transportation
- Food
- Books and supplies
- Other miscellaneous expenses
Duration | 18 months Get Curriculum |
Tuition & Fees | ₹40.74 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
The first-year tuition fee for the Master of Actuarial Science at the The University of Melbourne is AUD 60,992 (INR 4,173,073). Moreover, the fee structure for the Master of Actuarial Science comprises the first-year tuition fees, supplement charges, facility requirements, and other additional charges offered by the The University of Melbourne.
Apart from the tuition cost and university charges, students should also keep in mind the extra expenses to stay at the university or any nearby accommodation. They are required to manage the finances for various factors like rent, food, transportation, utility, and other personal expenses, which can vary as per the individual, however, the average cost of living is AUD 30,507 (INR 2,087,289).
Check the detailed information on the The University of Melbourne Master of Actuarial Science on the fee breakup, from the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 40,74,426 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 21,80,571 |
| Total approximate fees | INR 21,80,571 |
Calculated at the exchange rate of 1 AUD = INR 66.80263 | Tuition & expenses were last updated on 21ˢᵗ October 2026Master 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
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 81/120
- with writing 19; speaking 19; reading 16; listening 16
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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
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
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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 |
|---|---|
| #33 | |
| #38 | |
| #201 |
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
4/5
32 Verified ReviewsStudent Views (Based on Reviews)
- 29% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Stressful
Friendly
Internships3.7
Part time work3.8
Post study jobs3.6
Quality of faculty4.3
Student Life4.2
Value for money3.4
Public transportation4.3
Safety4.3
Indian Food4.4
Permanent Immigration3.5
A
Anonymous
Master of Data Science - Batch of 2024
4.9
University of Melbourne Review
Tips: Be prepared for cultural shock. Making friends can be hard sometimes. Once you have a circle and good classmates, it gets easy with time. Make the most of your student life, apart from studies lot of opportunities to participate in student unions and events.
Likes (Indian Food): A lot of food options in the city, from India and vegetarian options. The city is filled with cuisines to try and explore. I prefer cooking most so I can spend less and save more. But depends on how good you are at cooking. Also, even if you don’t cook, you can always find spots that are cheap to eat out.
Dislikes (Internships): There are plenty of internships on the university’s career website, and easy to find unpaid opportunities in the city as well via LinkedIn. Sometimes networking helps a lot in getting internships. Connect with your seniors and professors to check in if they have any leads.
Total Monthly ExpenseAUD 2975
Prepping time for classes26 hours/Week
Expected Annual SalaryAUD 73650
A
Anonymous
Graduate Diploma in Built Environments (Advanced) - Batch of 2026
4.2
Research oriented university with vibrant campus life
Tips: The education system is very different from our country's. Everything is on the computer. My course only had one exam, and the rest were assignments. Yes, I availed myself of a scholarship. I didn't avail myself of it separately. It was automatically provided with my application. There are other scholarships that had to be availed related to the course and electives we are taking.
Likes (Permanent Immigration): One of the biggest draws of studying at the University of Melbourne is how well-structured the post-study pathways are out here. Australia uses a straightforward, points-based immigration system which makes the transition from a UniMelb degree to a post-study work visa feel incredibly clear-cut. The government actively hunts for skilled professionals to fill gaps in major industries, so graduation from a top institution right in the heart of Victoria gives you a massive competitive edge in the local job market. Honesty, the main reason I'd consider making the permanent move is the sheer quality of life and the work-life balance they have out here. Securing permanent residence doesn't just mean a stable career—it unlocks full access to their healthcare system and social services and sets up a direct path to citizenship. Living in a city like Melbourne while building a career under PR is a huge step up.
Dislikes (Internships): In my course, we have one unit dedicated to internships, but it is optional, and we only have to find it. There are industry nights that are conducted by student societies (Urban Collective in my case), but they happen once a year only. There are internships available, but they are very hard to get.
0Reviewed on 12 Jun 2026Read more
A
Anonymous
Master of Social Work - Batch of 2025
3.5
A breakthrough institution.
Tips: Definitely a lot of cultural change. I do feel there is an underlying racism in Australia although I didn't quite see that commonly translated in my University thankfully. I applied for several scholarships, which covered a significant portion of my tuition fees. Some scholarships are also available once students start the course as they are determined by academic merit.
Likes (Post study jobs): For social work, there are several companies willing to offer jobs that enable students to comfortably apply for a temporary graduate visa which can also be applied for without having a job.
In social work, jobs are clinical and non-clinical in nature. Salary packaging starts from 70000.
Dislikes (Value for money): I thought the tuition fees were a bit exorbitant compared to the QS/World ranking of my department/University. I do feel the academic rigour could also be slightly more, as the subjects were more descriptive than practical. There was a lot of spoonfeeding in terms of how to do assignments which followed rigid criteria instead of allowing some room for creativity.
Total Monthly ExpenseAUD 3500
Prepping time for classes30 hours/Week
Expected Annual SalaryAUD 72325
A
Anonymous
Master of Data Science - Batch of 2025
3.9
The university doesn't offer dedicated placement offers.
Tips: I personally haven't received any scholarship throughout my degree. People who are planning to join the university, especially for the Data Science course should make sure their math and statistics foundation is pretty good because students have to take at least 2 statistics subjects each semester.
Likes (Safety): Me and my friends haven't come across any trouble during our time at the university. The university has well-equipped facilities to ensure the students are safe in and out of the campus, they have dedicated lines for harassment, racism, and other safety issues. I personally haven't experienced any bad situations during my time in Melbourne for about 2 years.
Dislikes (Post study jobs): The university doesn't offer dedicated placement offers, it is best recommended for students to start looking out for jobs at the start of their final year. There are quite a few companies that offer a sponsor visa and it is hard for international students. People can get into roles like Data & AI consultant, Data Scientist, ML engineer, GenAI engineer, and Data analyst. Freshers can expect 70,000-80,000 as a starting salary.
Total Monthly ExpenseAUD 1700
Prepping time for classes20 hours/Week
Expected Annual SalaryAUD 74425
A
Anonymous
Master of Environmental Science - Batch of 2025
4.6
Multicultural and respectful community.
Tips: I think all the classes happen in a more practical way than theory and that's the most amazing part about it! There is not much exam pressure! There are easy subjects and sometimes putting in the best effort helps and it's very multicultural. Too good.
Likes (Post study jobs): I think all the universities here have a good amount of career fairs that help students get jobs. They have good connections and world class facilities that help in overall development. I think it also means you have to put in your effort in searching for opportunities by doing volunteering or unpaid internships as they count as very important experience.
Dislikes (Student Life): The socialising is amazing, but sometimes after the class there are not many class events. If they could have more involved sessions, it would be great! I think finding your community could take time but it gets easier when you join clubs and chapters and part time jobs.
Total Monthly ExpenseAUD 900
Prepping time for classes27 hours/Week
Expected Annual SalaryAUD 68250
View All 42 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.
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at University of Melbourne
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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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