University of Melbourne Finance

• The Difficulty level is not high—it can be classified as easy for those who have previous management experience and medium for those who have no experience. Most lessons are entry-level and provide an overview of the field of study.
• Lessons are theoretical, and some professors can choose to have practical elements in the course curriculum.
• Positive is that most of the batch are international students of various cultures so you get many perspectives and views, and it's very good for international learning. Negative is that it is very Asian-dominated, and the Australians tend to stick to themselves so intermingling is hard but not impossible.
• You can choose your own schedule for classes; you have 4 subjects in a semester so you can do 1 subject a day and go 4 days to classes or 2 a day and go 2 days to classes. there are various slots; each class is 3 hours long and can be from 8 in the morning till 9 pm at night.
• There is an average of 100 students in a class, and 50% will likely be Indian.

• The fees for the 2025 Master of Management are AUD 119,684.
• This includes the whole course; however, there is a % increase in the tuition fees every year, so my fees are slightly more for the semesters of 2025 than they were in 2024. The tuition fees are course-based—the amount you are charged is the annual course fee listed per Equivalent Full-Time Student Load enrolled for the year. You also have to pay for overseas student health cover, which is separate but the cost depends on which provider you choose.
• You can choose how to pay the fees, either for all 4 semesters all at once or at the beginning of every semester.
• My average monthly expenses for living here are around AUD 3500.

• The subjects and their objectives are quite appreciative. All of the subjects (or at least the ones I have taken) have a component called ‘workshop’. Here’s where you essentially put your learnt skills to work. Here is where you work on academic exercises provided by other respectable schools such as Harvard University and MIT Sloan. It’s fun and can be quite challenging at times.
• People who major in accounting and finance have, more often than not, found the course to be very practice-demanding. In my opinion, it’s fun because it’s hard. We have to complete 200 credits (12.5 * 16 subjects) in a supposed span of four semesters. It’s rather hard to think of any negatives; it's tight and challenging but at the end of the day, it's fun.
• The timetable is mostly up to us—we get to set it before the semester starts. A subject has a 3-hour class per week (usually a lecture component of 1.5 hours and a workshop component of 1.5 hours). On average, a class has about 300 students enrolled. The University of Melbourne does not have a lot of Indian students. We have like 15 Indians out of 300 or so students in accounting and finance. The rest are mostly Chinese.
   

• The tuition is $6000 per paper (and it increases by 10% every year). They have student accommodations here but it's $450 (average) per week. The university does not charge anything extra.
• It's per semester-wise and we could also apply for credit (but it is under the university's discretion).
• I spend around $100 for groceries and restaurants, and my rent is $285 per week and I spend somewhere between $5 and $15 for transportation per week as I live very close to the CBD.
   

As per the study experience is concerned, it was one of the best that I have ever seen. There is study pressure because the approach to study or the way we are taught here is poles apart from what we are taught back in India. Back in India, we do get a lot of spoon feeding like you have your tuition material, you have a lot of easy material to digest basically and over here, 99% of it is self taught. You have to be on top of the things from the very first week.

AUD$93,939