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 The University of Melbourne is a popular destination among international PG students interested in starting Master of Commerce (Actuarial Science) from abroad. The program lasts for a duration of 18 months. The Master of Commerce (Actuarial Science) program is considered part of the top ranked courses in Australia. Candidates interested in pursuing the course must meet the eligibility criteria and secure valid scores in exams such as IELTS. The interested students should fill the form as soon as possible because the application window opens for a short time only. The first year tuition fee for Master of Commerce (Actuarial Science) at The University of Melbourne is around AUD 45,824. Students must also plan for some other additional costs over the duration of studies such as rent, groceries, books, health insurance, etc.
Duration | 18 months |
Tuition & Fees | ₹32.61 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 contents
Master of Commerce (Actuarial Science) at University of Melbourne Fees
Master of Commerce (Actuarial Science)
at University of Melbourne
When planning for the Master of Commerce (Actuarial Science), applicants should consider the financial aspects involved. Every student must pay the first-year tuition fee of AUD 45,824. Additionally it is also important to account for living expenses such as accommodation, food, and utility costs. Such expenses may vary according to living styles and other fees added by The University of Melbourne. To know about the complete breakdown of The University of Melbourne Master of Commerce (Actuarial Science) fee structure and all other cost-element-wise expenditures for an elaborate cost overview, please check the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 32,61,082 |
Calculated at the exchange rate of 1 AUD = INR 57.22 | 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
17 Verified ReviewsStudent Views (Based on Reviews)
- 26% 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 money3.4
Public transportation4.5
Safety4.5
Indian Food4.6
Permanent Immigration3.8
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
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 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 23 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 334 Courses
About the author
Anushree is a Graduate in Bachelor's degree in Journalism and Mass Communication and takes keen interest in content creation. She has affinity for writing and travelling around the world takes the top spot on her bucket list. Bringing out the creativ...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 ->