What is the total cost of doing an MFin at University of Melbourne, including tuition and living expenses?

Question

S Raghav · Accepted Answer

The tuition cost alone doesn&rsquo;t show the full picture, living in Melbourne while pursuing an MFin adds up quickly. Here's a breakdown of the total cost:
&bull; Tuition (2025): AUD 94,488 total &bull; Tuition (2026): AUD 102,276 total (if starting that year) &bull; Living Expenses: AUD 2,500&ndash;3,000/month ,  ~AUD 30,000&ndash;35,000 over 12&ndash;18 months &bull; Health Insurance (OSHC): ~AUD 700&ndash;800 for program duration &bull; Books & Materials: Up to AUD 1,500&ndash;2,000 depending on subjects
Estimated Total: AUD 110,000 to 120,000, depending on intake year, lifestyle, and housing choices. Students who qualify for the 100-point version or advanced standing could pay less in tuition. Part-time jobs and internships can help offset monthly living costs, but budgeting realistically from the start is essential.
For more details you can read this blog on "Melbourne MFin "

Divakshi Arora · Answer

The total cost of doing an MFin at the University of Melbourne in 2025 for international students is approximately AUD 110,000 to 120,000, including both tuition and living expenses. The official tuition fee for 2025 is listed as AUD 94,488 for the entire program. For 2026, it increases to AUD 102,276.
Living in Melbourne typically costs around AUD 2,500 to 3,000 per month, depending on housing, food, transport, and lifestyle. Over 12&ndash;18 months, that adds up to AUD 30,000&ndash;35,000. Additional costs like Overseas Student Health Cover (OSHC) and academic materials can bring in another AUD 1,000&ndash;2,000.
Students who share housing, cook at home, and use public transport can stay on the lower end of the budget. The university also notes that prior study or work experience may reduce the course load, and therefore the cost, through advanced standing.