Master of Actuarial Science (Enhanced)
at University of Melbourne, Melbourne

4.0 /5

(42 Reviews)

Shiksha popularity ranking

#3 in Mathematics in Australia

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Public University
Faculty of Business and Economics

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Master of Actuarial Science (Enhanced)
at
University of Melbourne
Overview

International students can pursue Master of Actuarial Science (Enhanced) at PG level at The University of Melbourne. The duration of the course at the university is 2 years. The course is among the top-ranked courses in the International students must meet the entry requirements such as complete academic qualification, a valid test score in exams such as IELTS, TOEFL and PTE to be eligible for the course. The The University of Melbourne tuition fee for international students for Master of Actuarial Science (Enhanced) is around AUD 56,992 (INR 3,899,393) for first-year. Students must manage additional costs such as:

Rent
Hostel fees
Food, books
supplies
Utilities, etc.

Duration	2 years
Tuition & Fees	₹37.94 Lakh Get Fees details
International Students Admission Website	Go to Website
Course Level	PG Degree
Mode of Course	Full Time

Master of Actuarial Science (Enhanced)

Table of contents

Overview
Fees
Entry Requirements
Rankings
Placements
Highlights
Scholarships

Master of Actuarial Science (Enhanced)
at
University of Melbourne
Fees

To get admission in Master of Actuarial Science (Enhanced) at The University of Melbourne students need to cover tuition fees and living costs. The fee structure varies based on whether the student is domestic or international. For international students the tuition fee for the first year is AUD 56,992 (INR 3,899,393). In addition to these students should budget for

Other living expenses
including
housing
food
transportation
books and personal expenses

These costs can differ based on lifestyle and personal choices. Students can plan their stay accordingly. Since the cost of living varies from student to student it’s important to plan accordingly. For a breakdown of the The University of Melbourne Master of Actuarial Science (Enhanced) fees refer to the table mentioned below.

1st year tuition fees

Fees components	Amount (for 1 year)
Tuition & fees	INR 37,94,282

Calculated at the exchange rate of 1 AUD = INR 66.57569 | Tuition & expenses were last updated on 3ʳᵈ March 2025

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Master of Actuarial Science (Enhanced)
at
University of Melbourne
Entry Requirements

Requirements for 12th grade Lock Icon

No specific cutoff mentioned

Graduation Lock Icon

No specific cutoff mentioned
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
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.
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GPA

Percentage

CGPA

TOEFL

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

PTE

No specific cutoff mentioned

IELTS

Marks - 6.5/9
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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Which exams out of the above do I need to give?

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Master of Actuarial Science (Enhanced)
at
University of Melbourne
Rankings

Course Ranking

University Ranking

Rank	Rank Publisher
#33	Life Sciences THE (Times Higher Education), 2026
#38	Biological Sciences QS, 2026
#201	Physics ARWU (Shanghai Ranking), 2025

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Master of Actuarial Science (Enhanced)
at
University of Melbourne
Placements

Particulars	Statistics (2021)
Internship Available	Yes

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The University of Melbourne
Students Ratings & Reviews

4/5

32 Verified Reviews Info Icon

Student 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

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

Reviewed on 16 Sep 2026Read more

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

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

Reviewed on 27 Feb 2026Read more

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

Reviewed on 12 Feb 2026Read more

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

Reviewed on 8 Feb 2026Read more

View All 42 Reviews

Master of Actuarial Science (Enhanced)
at
University of Melbourne
Highlights

Master of Actuarial Science (Enhanced) is offered by Faculty of Business and Economics under The University of Melbourne, Australia.
This a Masters level program of a course duration of 2 Years.
Download the brochure to read more details of this course.