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QS Rank #19 Spring 2028 Intake

Master in Economics, University of Melbourne

Melbourne, Australia

Application Deadlines
  • Spring 202801 Aug '27
Cost Breakdown

Return on Investment

66%
Median Package of University ₹80,45,857
Total Expenses ₹1,10,53,124

Program & University Overview

About the Program

The Master of Economics at University of Melbourne, delivered through Melbourne Business School, offers advanced training in economics and econometrics for students with prior training in the field who want to practise as professional economists. Students develop expertise in the fundamental principles influencing markets and organisations, evaluate the impact of cultural and environmental factors on economic policy, and learn to critically interpret economics research literature, joining a business school network of over 60,000 alumni across 100+ countries. Total cost is approximately ₹1,10,53,124 for Indian students over 24 Months. Graduates move into roles across public policy, banking, and economic consulting, or pursue further PhD study.

24 Months Duration
Management Program

About the University

Founded in 1853, University of Melbourne is Australia's second-oldest university and consistently ranks among the world's top institutions. Located in Melbourne, it enrols a large, research-intensive student body across a wide range of disciplines, with particular strength in engineering, health sciences, and biomedical research.

Life at Campus

Explore student life at University of Melbourne's Parkville campus, home to Melbourne Business School and a global network of over 60,000 alumni.

Admission requirements

Admission Criteria

Min english score required

  • TOEFL iBT 79
  • IELTS (Academic) 6.5
  • GPA 3.00

Min aptitude test required

  • GRE Required
  • GMAT Optional

Application Process

  1. Prepare all your documents
  2. Write your Statement of Purpose
  3. Request Letters of Recommendation
  4. Update your resume/CV
  5. Connect with GradRight for free

Admission Guidance & Support

Get a Faster Admit

Don’t just apply; apply where you belong. Use GradRight’s AI platform to compare programs with other top-tier options based on real student outcomes, costs, and your unique profile.

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Get Affordable Funding

Access India’s first loan bidding marketplace to get competitive, low-interest education loan offers from 15+ top lenders, tailored to your aspirations.

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Secure Your Health

Navigate international health insurance requirements with ease. Get comprehensive, uni-compliant coverage that protects your health and your budget.

Check Insurance Plans

Get a Faster Admit

Don’t just apply; apply where you belong. Use GradRight’s AI platform to compare programs with other top-tier options based on real student outcomes, costs, and your unique profile.

Compare Programs

Get Affordable Funding

Access India’s first loan bidding marketplace to get competitive, low-interest education loan offers from 15+ top lenders, tailored to your aspirations.

Compare Loan Offers

Secure Your Health

Navigate international health insurance requirements with ease. Get comprehensive, uni-compliant coverage that protects your health and your budget.

Check Insurance Plans

Campus Profile

57.08% Male
42.92% Female
14.00 Student-Teacher Ratio

Frequently Asked Questions

Is Economics from University of Melbourne worth it for Indian students?

Based on current data, Economics at University of Melbourne has a total cost of ₹1,10,53,124 and an estimated ROI (including loan interest) of 66% over a 24-months program. University of Melbourne's median graduate package is ₹80,45,857.

What are the admission requirements for Economics at University of Melbourne?

University of Melbourne requires a minimum TOEFL iBT score of 79 or an IELTS score of 6.5, along with a GPA of 3.00. GRE is required and GMAT is not required for this program.

Total Expenses

₹1,10,53,124
Tuition Fees ₹78,13,124
Cost of Living ₹32,40,000

ROI (including loan interest)

66%
Median Package of University ₹80,45,857
Total Expenses ₹1,10,53,124
Tailored loan options at competitive rates
1:1 Guidance

Connect with a University Representative

How it works:

  • Session request is created for this program
  • University representative reviews your request
  • 1:1 eligibility review session scheduled
Get Personalized Guidance

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Application Deadlines
Cost Breakdown

Total Expenses

₹1,10,53,124
Tuition Fees ₹78,13,124
Cost of Living ₹32,40,000

Returns On Education

66%
Median Package of University ₹80,45,857
Total Expenses ₹1,10,53,124
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