The University of Melbourne Programs: Tuition fees, Ranking, Scholarships, Application Deadlines & Entry Requirements

Master [Economics] From The University of Melbourne

Melbourne, VictoriaLocation
UniversitySchool type
Estd1853established year
52745enrollment
Public
7.0/10

Master (Economics)

2 years
Full Time
On Campus

Field of Study

A$46,752/Yr

A$46,752 /Yr
  • Master of Economics at the University of Melbourne is offered as a 2-years program.
  • This program is ranked #1 in Economics and Econometrics in Australia.
  • It is an on-campus program offered on a full-time basis only.
  • The Master of Economics is designed for students with prior training in economics or a similar discipline with a strong analytical/mathematical component, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors.
  • Graduates of the Master of Economics will have detailed knowledge of the most recent research in the disciplines of economics and econometrics and will have developed the skills needed to make their own contributions to that research.
  • Graduates will leave as critical thinkers in microeconomics, macroeconomics, and econometrics.
  • The MEcon program consists of 200 credits.

Important Dates

EventApplication Date
Application Deadline For 2024 Intake Apr 30, 2024

Tuition Fees

Year1st Year Fees
Tuition FeesA$46752 (AUD 46752)

Other Expenses

HeadAvg Cost Per Year
Housing and BoardA$23890 (AUD 23890)
Total CostA$23890 (AUD 23890)

Eligibility & Entry Requirement

Academic Eligibility: 

  • Students must have a 4-year undergraduate degree in economics, including calculus-based economics subjects and an econometrics subject or mathematical/analytical nature including calculus, linear algebra, and statistics subjects or equivalent from a recognized institution.
  • A weighted average mark of at least H2A (75% – 3.3/4.0 or C+ average) from accredited institutions is required for unconditional admission.

Indian Student Eligibility:

  • Students must complete a 4-year undergraduate degree with first class in a relevant field from a recognized institution
  • Or, students completed a master's degree with first-class in a relevant field from a recognized institution.

Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.


Scores Required

79 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

64 / 90

Avg. Score in

PTE

321 / 340

Avg. Score in

GRE updated

3.3 / 4

Minimum gpa

GPA


Required Document List

The following required documents are:

  • Resume/CV: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
  • Two Letter of Recommendation: Letter of recommendation (combination of professional and academic recommenders) which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
  • Statement of PurposeThis statement must describe your qualifications and the objectives of your intended educational program.
  • Personal Statement: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • Official Transcripts: Applicants who have attended and/or received degrees from institutions outside the US must provide certified copies and certified English translations of transcripts or records of all previous post-secondary education and of all degrees conferred.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Career and Placement after Course

Possible career opportunities are:

  • Economist
  • Data Scientist
  • Professor of Economics
  • Senior Financial Analyst
  • Data Analyst

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Melbourne Research ScholarshipScholarship per studentA$ 67,744/Yr$67,744Level Of StudyDoctorateTypeCollege-Specific
MSD International Scholarships 2020Scholarship per studentVariable AmountLevel Of StudyMasterTypeCollege-Specific
Melbourne Graduate Research ScholarshipsScholarship per studentVariable AmountLevel Of StudyDoctorateTypeCollege-Specific
Rotary Foundation Scholarships- Global GrantsScholarship per studentVariable AmountLevel Of StudyMasterTypeCompany-Sponsored
Heinrich Boll ScholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeCompany-Sponsored
Gyandhan ScholarshipScholarship per studentA$ 1,222/Yr$1,222Level Of StudyMasterTypeMerit-Based


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