Master of Commerce (Actuarial Science)
4.1 /5
- Public University
Faculty of Business and Economics
Talk to ExpertMaster of Commerce (Actuarial Science) at University of Melbourne Overview
Master of Commerce (Actuarial Science)
at University of Melbourne
The University of Melbourne is a popular destination among international PG students interested in pursuing Master of Commerce (Actuarial Science) from abroad. The program can be pursued over a duration of 18 months. The The University of Melbourne Master of Commerce (Actuarial Science) program is considered part of the top ranked courses in Australia. Shiksha Popularity Ranking 2025 for The University of Melbourne, ranks the course at #4. Candidates interested in pursuing the course must satisfy the specified eligibility criteria and secure valid scores in exams such as IELTS. Interested candidates are required to submit respective admission applications as soon as the admission window opens as there are limited seats to be filled.
The first year tuition fee for Master of Commerce (Actuarial Science) at The University of Melbourne is around AUD 45,824.
Duration | 18 months |
Tuition & Fees | ₹33.43 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Course Level | PG Degree |
Mode of Course | Full Time |
Master of Commerce (Actuarial Science)
Table of content
- Overview
- Fees
- Entry Requirements
- Rankings
- Placements
- Highlights
- Scholarships
Master of Commerce (Actuarial Science) at University of Melbourne Fees
Master of Commerce (Actuarial Science)
at University of Melbourne
The students planning to enrol in the Master of Commerce (Actuarial Science) at The University of Melbourne, will need to factor in both tuition fees and living expenses.
For international students, the tuition fee for the first year is AUD 45,824. On top of that, students should also budget for essential living expenses like housing, food, transportation, books, and personal costs, which can vary based on individual lifestyle and spending habits.
Since living expenses differ from student to student, it's a good idea to plan finances accordingly. To get a complete breakdown of The University of Melbourne Master of Commerce (Actuarial Science) fees, check out the table below.
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 3ʳᵈ March 2025Download exam sample paper
IELTS
IELTS
PTE
Master of Commerce (Actuarial Science) at University of Melbourne Entry Requirements
Master of Commerce (Actuarial Science)
at University of Melbourne
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 75%
- Applicants must have completed :
- An undergraduate or postgraduate degree in actuarial science or similar with a weighted average mark of at least H2A (75%)
- Applicants must have completed :
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
PTE
- No specific cutoff mentioned
Sign-up to view details
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
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
Sign-up to view details
Master of Commerce (Actuarial Science) at University of Melbourne Rankings
Master of Commerce (Actuarial Science)
at University of Melbourne
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #34 | |
| #35 | |
| #151 |
Master of Commerce (Actuarial Science) at University of Melbourne Placements
Master of Commerce (Actuarial Science)
at University of Melbourne
| Particulars | Statistics (2021) |
|---|---|
| Internship Available | Yes |
The University of MelbourneStudents Ratings & Reviews
4.1/5
19 Verified ReviewsVibe of Campus
- Academically oriented
- Multi-dimensional
- Stressful
- Friendly
Student Views
- 23% students never faced discrimination in this university
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.
Reviewed on 19 Sep 2025Read more
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.
Reviewed on 19 Sep 2025Read more
A
Anonymous
Master of Management (Finance) - Batch of 2025
Offered by The University of Melbourne
2.9
Diverse and different university experience.
Tips: Moving to Melbourne was a big change but a great cultural experience. The city is diverse and welcoming, though at the university, most of my classmates were from Asian countries, with very few Australian classmates. which was a cultural shift for me. I received the FBE graduate scholarship of approx. $25,000 AUD fee remission by applying directly at the university.
Likes (Indian Food): You can usually find lots of restaurants with different cuisines. One time meal costs anywhere from $23 to $35, depending upon the restaurant, cuisine, etc.
I usually prefer a blend of both, cooking at home 5-6 days and eating outside 1-2 days a week.
Dislikes (Value for money): Studying at the University of Melbourne felt like an interesting cultural experience, but academically and financially, it did not meet my expectations. The tuition fees are extremely high, and I didn't feel the value provided was justified at all. Many subjects were just plain theory rather than practical, leaving me less prepared for employment than I had hoped.
Reviewed on 24 Sep 2025Read more
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.
Reviewed on 23 Jul 2025Read more
Y
Yashita Malhotra
Bachelor of Commerce - Batch of 2025
Offered by The University of Melbourne
3.5
Life at UniMelb as an international student.
Tips: I received a scholarship. Initially, I felt a bit overwhelmed, and it took time to adjust to the new culture. However, things improved once I became more familiar with the place. The university is truly welcoming of multiculturalism.
Likes (Public transportation): The public transportation in Melbourne is said to be one of the most well-structured in the world. There are three options: trams, trains, or buses. It's easy to travel to any suburb, and intercity trains are affordable and easy to use.
Dislikes (Permanent Immigration): The chances of permanent immigration are very low in this country. The skills in demand are limited, and fields like PR and commerce, as well as related areas, don't contribute to them. Additionally, it's difficult to find an employer who can sponsor you to stay.
Reviewed on 30 Jul 2025Read more
View All 26 Reviews
Master of Commerce (Actuarial Science) at University of Melbourne Highlights
Master of Commerce (Actuarial Science)
at University of Melbourne
- Master of Commerce (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 Commerce (Actuarial Science) at University of Melbourne Scholarships
Master of Commerce (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 333 Courses
About the author
Akash Gaur
Study Abroad Expert
Akash takes keen interest in writing content. He is particularly drawn towards putting his thoughts into words and is what he enjoys the most. Currently working as part of the Study Abroad team at Shiksha, he keeps a sharp focus on education policie...Read Full Bio
Study in AustraliaUniversities in AustraliaUniversities in MelbourneUniversity of MelbourneMaster of Commerce (Actuarial Science)Master of Commerce (Actuarial Science) at University of Melbourne Popular & recent articles
Master of Commerce (Actuarial Science)
at University of Melbourne
View more articles
Master of Commerce (Actuarial Science) at University of Melbourne Contact Information
Master of Commerce (Actuarial Science)
at University of Melbourne
Address
The University of Melbourne
Grattan Street, Parkville
Victoria 3010
Australia
Melbourne ( Victoria)
Phone
Go to College Website ->