Master of Economics – University of Melbourne
ME University of Melbourne logo
Master's Degree Finance Full Time

Master of Economics

at University of Melbourne · Melbourne, Victoria

CRICOS course code

065396D

CRICOS provider code

00116K

This course is registered on the Commonwealth Register of Institutions and Courses for Overseas Students. Verify it yourself at cricos.education.gov.au before paying any fee.

Duration

2 years

Tuition (whole course)

A$128,084 total

Per year

A$64,042/yr

Intake

Semester 1 (Feb/Mar), Semester 2 (Jul)

About this program

The Master of Economics at the University of Melbourne is a comprehensive two-year coursework degree designed to deepen your understanding of advanced economic theories, quantitative methods, and policy analysis. This program is ideal for those with a strong interest in finance, policy-making, data analysis, or economic research, and it provides a critical foundation in both microeconomics and macroeconomics, econometrics, and specialised electives ranging from financial markets to public policy and international economics.

Australian master’s qualifications like this typically require the completion of a specified number of units of study amounting to set credit points. Throughout the degree, you'll engage with core subjects and a wide array of electives, allowing you to tailor your learning to match your career goals. Many students will have the option to undertake a capstone research project or thesis in their final year, which hones analytical and investigative skills essential for advanced economic analysis or doctoral study.

This program is structured across semesters, balancing theoretical coursework with applied learning. It develops skills in critical thinking, quantitative data analysis, economic modelling, and communication of complex ideas, key capabilities sought by employers in the finance and economic sectors. The degree also encourages participation in research seminars, industry presentations, and networking events, leveraging the University's strong links with government agencies, financial institutions, and policy organisations in the vibrant Melbourne business and research community.

Suited for graduates with a background in economics, finance, mathematics, or related fields, the Master of Economics offers a pathway to respected roles in both the private and public sectors. International students benefit from Australia’s work rights during study (up to 48 hours per fortnight) and may be eligible for post-study work opportunities through the Temporary Graduate visa (subclass 485). For detailed admission requirements and English language equivalencies, consult the university's official page.

Entry requirements

English: International applicants must evidence English proficiency. IELTS Academic 6.0–6.5 overall is the common undergraduate and coursework-postgraduate standard, rising to 7.0–7.5 for teaching, nursing, medicine, law and social work. TOEFL iBT, PTE Academic, Cambridge C1 Advanced and the university’s own English programmes are accepted as equivalents; the Department of Home Affairs sets a separate English threshold for the Student visa itself.
International students: Registered on CRICOS for international students. A Confirmation of Enrolment (CoE) for this course supports a Student visa (subclass 500) application; Overseas Student Health Cover is required for the full duration.

Career outcomes

  • Economist
  • Policy Analyst
  • Data Analyst or Econometrician
  • Consultant (economic, financial, public policy)
  • Financial Analyst
  • Market Researcher
  • Roles in government, central banks, consulting firms, and major Australian financial institutions

Frequently asked questions

How long is the Master of Economics at University of Melbourne?

It typically takes 2 years, with intakes in Semester 1 (Feb/Mar), Semester 2 (Jul).

How much is the tuition?

Tuition is around A$128,084 total. Fees change yearly, confirm with an advisor.

What are the career outcomes?

EconomistPolicy AnalystData Analyst or EconometricianConsultant (economic, financial, public policy)Financial AnalystMarket ResearcherRoles in government, central banks, consulting firms, and major Australian financial institutions

Guides for this subject and the application

All guides →

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