Graduate Diploma in Actuarial Science (CRICOS course code 081745K) is a Graduate Diploma delivered by The University of Melbourne (UniMelb) over 1 year. This AQF Level 8 qualification falls under the field of Management and Commerce, specifically Business and Management (080399). Australia offers over 26,433 CRICOS-registered courses across 1,556 providers, and this course at UniMelb is a trusted option for international students. The University of Melbourne is a government university (CRICOS 00116K) located in Parkville, VIC. As a CRICOS-registered course, it meets Australian standards for international education, and students are protected under the ESOS Act. HeadStart Academy provides this profile using official CRICOS data as at April 2026 to help you make an informed choice.
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The Graduate Diploma in Actuarial Science is designed to equip students with advanced skills in quantitative analysis, risk assessment, and financial modeling. Graduates typically develop expertise in probability, statistics, and actuarial techniques applicable to insurance, superannuation, and investment industries. This field combines business acumen with mathematical rigor, preparing students for roles such as actuarial analyst or risk manager. The course covers core areas like stochastic processes, survival models, and actuarial practice. While the specific syllabus is set by UniMelb, this diploma offers a pathway to further study or professional certification with bodies like the Actuaries Institute Australia.
The CRICOS register lists a duration of 1 year (52 weeks) for this course. Language of instruction is English. It is a single qualification (not a dual award). No foundation studies or VET components are included. Students typically study full-time on campus, although some online components may be available – check with UniMelb. The structured timeline helps international students plan their visa duration and accommodation.
Tuition fee: A$60,992 (indicative). Non-tuition fee: A$150. Estimated total: A$61,142. These figures are sourced from the CRICOS register and are subject to change by the institution. Additional costs not included: Overseas Student Health Cover (OSHC), living expenses (rent, food, transport), and the student visa application charge. For current fees, always refer to UniMelb’s official website. Living in Melbourne typically requires A$450–600 per week for rent, groceries, and transport.
English language: IELTS 5.5–6.0 overall (or equivalent). Prior qualifications: A bachelor's degree (or equivalent) in a related field (e.g., mathematics, statistics, finance) is generally expected. This is a postgraduate course, so undergraduate study is required. Foundation or pathway options are not specified for this course; contact UniMelb for details. Note that meeting minimum requirements does not guarantee admission, as places are competitive.
No work component. This course does not include a mandatory internship or work placement. However, international students on a Subclass 500 visa can work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks, subject to visa conditions.
The course is delivered at The University of Melbourne – Parkville, VIC. Parkville is a major education precinct in Melbourne, just minutes from the city centre. Melbourne is home to over 400 CRICOS-registered providers, making it one of Australia’s largest student cities. The campus is well-served by public transport (trains, trams, buses) and offers world-class facilities. Living costs in Melbourne are higher than the national average, but the city provides a vibrant multicultural environment.
To study this course, you need a Student visa (Subclass 500). Key requirements: Genuine Temporary Entrant (GTE) criterion, OSHC, proof of financial capacity, and English proficiency. Visa conditions allow work of up to 48 hours per fortnight during study periods and unlimited hours during scheduled breaks. You must maintain enrolment in a CRICOS-registered course and comply with visa conditions. For detailed advice, consult a registered migration agent (MARA) or the Department of Home Affairs.
Follow these steps to apply for Graduate Diploma in Actuarial Science at The University of Melbourne (UniMelb): 1. Research CRICOS-registered providers using HeadStart Academy to compare courses, levels, and locations. Ensure the institution is registered on CRICOS (check at cricos.teqsa.gov.au). 2. Apply directly to UniMelb: Meet entry requirements (qualifications and English), submit an online application, and provide supporting documents (transcripts, passport, English test scores). Check application deadlines on UniMelb’s website. 3. Receive your Confirmation of Enrolment (CoE) from UniMelb, then apply for your Student visa (Subclass 500) via the Department of Home Affairs. Include OSHC and evidence of funds.
Melbourne consistently ranks among the world’s most liveable cities, with a strong job market, diverse culture, and excellent transport. It has the largest student population in Australia outside Sydney, with over 400 CRICOS providers. For actuarial science, Melbourne hosts major financial and insurance corporations, offering networking and career opportunities. However, living costs are above average: rent for a one-bedroom apartment near the city centre is around A$350–500 per week; groceries and transport add another A$150–200. Consider your budget and lifestyle preferences. HeadStart Academy has detailed guides on studying in Victoria.
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Graduate Diploma in Actuarial Science is a CRICOS-registered programme at The University of Melbourne (UniMelb). Use this register extract [CRICOS register, Apr 2026] to cross-check codes, duration and indicative fees before you apply.
This page is general information only and not migration advice. Confirm Student visa (Subclass 500) requirements with the Department of Home Affairs.