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QS Rank:

verified

13

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University of Melbourne

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Victoria

Australia

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Program Rank

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28

The University of Melbourne, Australia's second oldest university, offers an Actuarial Studies program within its Faculty of Business and Economics. Located in Melbourne, a vibrant global city, the university is highly ranked globally. This on-campus program provides a strong foundation in actuarial science, preparing students for careers in risk management and financial analysis.
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Duration

48 Months

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Median Salary

$58,000

Ranking

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#25

US World and News Report

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#33

The World University Rankings

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#13

QS World University Rankings

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Intake

Fall ( Sept - Nov )

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Spring ( Apr - June )

Class Profile

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Class Size

150

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Average Age

20

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Average Work Experience

0 Years

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International Students

28

Career Outcomes

Graduates of the Actuarial Studies program are highly sought after, with a strong job placement rate. They are well-prepared for roles in financial services, risk management, and data analysis, working for leading national and international companies.
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Median Earnings After Graduation

$58,000 / year

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Job Placement

97%

Prospective Job Roles

Financial Analyst

Risk Analyst

Data Scientist

Consultant

Actuary

Top recruiters

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Eligibility Criteria

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At least 3.5 / 4.0 undergraduate GPA is expected.

English Proficiency Tests

  • TOEFL

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  • IELTS

    6.5

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  • PTE

    58

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  • Duolingo

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Application Requirements

Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

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Application Fee: 120

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    Transcript

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    English Proficiency Test

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    Academic LOR

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    Resume

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    General LOR

Application Deadlines

Rolling AdmissionRegular
FallN/AN/A
SpringN/ANov 30, 2025
SummerN/AMar 31, 2026

Fees and Funding

Undergraduate tuition fees differ based on enrolled subjects each academic semester. The stated tuition range is for international students.
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Tuition Fees

$57,928 / year

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Overall Cost

$77,928 / year

Funding Options

Merit Scholarship

Scholarships

Merit-based scholarships (AUD 7,500) - Students with above a 3.9 GPA and a 1500 on the SAT or 31 on the ACT can typically earn a one-time scholarship of between AUS $5,000 and $10,000.
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    Merit-based scholarships

FAQs

  • A student can complete Actuarial Studies at University of Melbourne with in 36.
  • The application fee to pursue Actuarial Studies at University of Melbourne is AUD 100 for international students.
  • The annual tuition fee to pursue Actuarial Studies at University of Melbourne is AUD 46944.
  • The Actuarial Studies at University of Melbourne has 6 semesters.
  • The submission of these scores mainly depends on the type of degree/ course selected at the University of Melbourne. For example, the GMAT test is required to take admission to an abroad graduate management program, the LSAT is required during an abroad Law School admission process, and more. Therefore, check University of Melbourne requirements before submitting a score.
  • Actuarial Studies can help Indian/ international students gain: 1. Quality and Practical Education 2. Global Recognition 3. International Exposure 4. Amazing Job Opportunities 5. Experience of Lifetime and more
  • If a student fulfils all the eligibility criteria and admission requirements of University of Melbourne, they can easily pursue Actuarial Studies. The basic eligibility criteria include the following: 1. A GPA above 3 2. Well-written Statement of Purpose 3. An impressive Letter of Recommendation 4. A Work Experience Certificate (if required) 5. A Statement of Financial Proof 6. Academic Transcripts 7. Valid Visa, etc.
  • An MS degree at University of Melbourne can usually be completed in 2 years. However, many universities offer a 1-year master’s specialisation as well. You can explore the official University of Melbourne website to check the course/ degree duration.
  • One can apply for scholarships to pursue their international education at University of Melbourne by: 1. Looking for country-specific scholarships by contacting the specific scholarship institutions. 2. Applying to or finding out if any subject-specific scholarships are available from the university website/ department.

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