For Indian students, the cost of attending university is between 20 and 25 lakh INR. There are several scholarships available for financially disadvantaged meritorious students, ranging to 61 lakh INR.  The MBA programme at the University of Melbourne is a flagship programme, with fees ranging around 45,00,050 INR.

International students enrolling in a full-time programme can choose between university housing (owned by the University of Melbourne) and residential residences. International students can live and learn in the university's six campus houses and three precincts. The weekly rent for University of Melbourne accommodation ranges from 200 to 800 AUD. Those who have not been assigned university housing should contact the Student Housing Service. It assists in locating alternate housing options such as the private rental market, homestays, regional accommodations, and so on.

The total number of students enrolled at the university are 52719, including more than 13,000 international students from over 130 countries around the world. The acceptance rate of the university is 70%.

The Parkville campus is 36 hectares in size and home to five libraries: The Baillieu Library, the Brownless Biomedical Library, the Eastern Resource Centre, the Giblin Eunson Library, and the Law Library. Aside from campuses, the university is linked to three urban innovation precincts: The Melbourne Biomedical Precinct, the Melbourne Arts Precinct, and Melbourne Connect. The campus houses 11 libraries, 12 museums and galleries, and 38 cultural collections. Furthermore, students have the opportunity to participate in a diverse range of cultural activities through 200 affiliated clubs and societies.

Melbourne Business School and the Faculty of Business and Economics, at the University of Melbourne have been awarded a five year joint EFMD Quality Improvement System (EQUIS) accreditation for excellence in business and economics education.

When it comes to employability, the University of Melbourne ranks seventh in the world. Internships, according to the institution, are vital for getting real-world experience. As a result, it has developed relationships with business in order to make internships widely accessible to its students. Many well-known organisations come to the institution for campus placements. Companies post-employment openings on Careers online, the university's career board. Students at this university have an advantage over their peers because they have access to additional roles that allow them to pursue opportunities that are not available elsewhere. The students@Work initiative is designed to assist students in obtaining on-campus employment. Several agencies rank the University of Melbourne as the best university in Australia and New Zealand. Over 1600 student internship partners have been partnered with the university. After completing their study, international students have a wealth of work choices in Australia, with typical annual incomes ranging from 190,000 to 200,000 AUD.