This paper is a case study to examine how a research university can become more "world-class" without expansion of Ph.D. programs and with curriculum reform pursuing late specialization. The balance between undergraduate level and graduate level is one of the most important issues for higher education institutions, especially for highly-specialized research universities. In 2008 the University of Melbourne undertook an education reform called "the Melbourne Model." The reform introduced the general education component to its undergraduate education and delayed specialized education until the graduate level. Although the university is one of the higher education institutions which pursue greater presence in academic rankings, it expanded not its most academic programs, Graduate Research Degree programs, but lather practical programs, Graduate Coursework Degree program. Closely looking at the facts, we found the followings; specialized education is still the central component of undergraduate the education; some Graduate Coursework Degree programs function as preparatory education to Graduate Research Degree programs; teaching load is more preferentially allocated to Graduate Research Degree programs though less to the Graduate Coursework Degree programs. The conclusion is that the world-class research university expanded its practical graduate programs in order to successfully transform itself into an institution with bigger graduate schools while retaining its academic excellence.