Masters in Finance in Australia

Australia is rapidly emerging as a popular study destination for its globally recognized institutions, diversity of education and lower costs of living. The country offers a plethora of master’s degree programs in varied specialisations from Management to Engineering. Studying in Australia can equip you with the ideal knowledge and skillset required to explore an array of careers in the corporate industry globally. Choosing the right academic institution for a postgraduate degree in Finance can be an exhausting task. So, here is a blog detailing the key essentials of pursuing a masters in Finance in Australia, the eligibility criteria you need to fulfil as well as the top universities you can choose from.

Must Read: Australia Student Visa

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Masters in Finance in Australia: Overview

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A masters in Finance is a postgraduate level degree offered by numerous universities in Australia. Duration of the course may vary from one to two years depending upon the university one chooses. Like other higher educational degrees, a masters in Finance helps students delve deeper into the vast world of Finance by providing them with a deep-embedded insight into corporate financial markets, finance ethics and regulations, theories and analytics of Finance, amongst others. It also incorporates practical training programs as well as masters thesis to encourage students to discover the domain of research.

There are different master’s programmes with different specializations offered in universities in Australia for students from varied backgrounds to explore. Here are the most popular types of master’s degrees in finance:

• Master of Finance
• Master of Finance Planning
• Master of Banking and Finance
• Master of Commerce
• Master of Finance and Marketing
• Master of Finance and International Banking
• Master of Actuarial Science 
• Master of Business 
• Master of Applied Finance

Masters in Finance in Australia: Eligibility Criteria

The eligibility criteria for a masters in Finance in Australia may differ as per one university to another. However, most of the prerequisites remain the same. Given below are some of the basic requirements that you need to fulfil in order to apply for a master’s program in Finance in Australia: 

• Candidates must have a bachelor’s degree with the minimum percentage/GPA required to apply for the university. 
• IELTS or TOEFL scores if required by the particular university. 
• GRE scores
• Statement of Purpose (SOP) and Letters of Recommendation (LORs)

Masters in Finance in Australia: Top Universities 

There is a multitude of master’s degrees offered in the field of Finance and its specialised branches and ranging from MA, MBA to MS. When it comes to pursuing a masters of Finance in Australia, here are the major postgraduate programs in Finance and its concentrations as well as top universities you can choose from:

Course	University	Duration
Master of Finance	University of Tasmania	1.5 years
Master of Financial Mathematics Master of Advanced Finance	Monash University	–
Master of Finance and Banking	Swinburne University of Technology	18 Months
Master of Commerce – Finance	University of Sydney	–
Master of Management (Finance)	University of Adelaide	2 years
Master of Finance	RMIT University	1 year
Master of Banking and Finance	Monash University	1 year
Master of Applied Finance	University of Adelaide	1 year
Master of International Economics and Finance	University of Queensland	1 year
Master of Financial Analysis Master of Busines Administration- Finance	University of New South Wales	1 year
Master of Accounting and Financial Management	La Trobe University	2 years
Master of Business – Finance	Victoria University	2 years

Subjects Covered

Topics illustrated in a postgraduate course in Finance may vary from university to university but some of the major subjects remain the same. Here is a list of disciplines generally taught in a masters in Finance in Australia: 

• Financial Management
• Investment Banking
• Financial Modeling
• Investment Analysis and Portfolio Management
• Derivatives and Risk Management
• International Finance
• Quantitative Methods in Finance I and II
• Financial Statement Analysis
• Fixed Income Analysis
• Financial Intermediation in Emerging Markets
• Advanced Financial Management
• Corporate Valuation and Financial Strategy
• Corporate Governance

Cost of Studying Masters in Finance in Australia

When it comes to calculating the cost of studying Masters in Finance in Australia, you need to consider tuition fees, living costs and various other miscellaneous expenses. The tuition fees for master’s degree courses in Finance at Australian University can vary as per the course and university and on average, it can estimate somewhere between 19,038 USD to 67,661 USD [14,22,000 INR-50,54,000 INR]. For living costs, they can largely differ as per the city you are staying in as well as whether you are opting for on-campus accommodation or off-campus accommodation along with other factors. You can calculate the living costs in Australia with the help of our exclusive Cost of Living Calculator which calculates total expenses as per your preferences.

Note: The aforementioned costs are only for indicative purposes and can differ as per varied factors.

Scholarships

Here is a list of scholarships for studying in Australia. Scholarships mentioned are either sponsored by the Australian government or are university-specific.  

• Australia Research Training Program (RTP) Scholarship
• Sydney Scholars India Equity Scholarship 
• University of Sydney International Research Scholarship(USydIS)
• International Merit Scholarships
• ANU Chancellor’s International Scholarship 

Let’s have a look at more scholarships:

Name of Scholarship	Amount
International High Achievers Scholarship	AUD 10,000 (INR 5.7 lakh)
International Scientia Coursework Scholarship	AUD 20,000 (INR 11.4 lakh) at tuition fees.
Australia’s Global University Award	AUD 10,000 (INR 5.7 lakh)

To know more, check out Cost of Studying in Australia!

Career Paths After Masters in Finance in Australia

Candidates can work in the following paths to after completing masters in Finance in Australia: 

• Credit Unions and Private Banks
• Corporate Management
• Insurance Companies
• Brokerage Firms
• Personal Financial Planning for Individuals 
• Personal Financial Planning for Private Organisations 
• International Financial Management
• Investment Services
• Financial Planning Services
• Commercial and Investment Banks

Moreover, here is a list of varied career profiles you can apply on the successful conclusion of your masters in Finance in Australia:

• General and Operations Manager 
• Budget Analyst
• Financial Analyst 
• Personal Financial Advisor 
• Loan Officer
• Financial Manager
• Financial Examiners

Top Recruiters

Let’s look at some of the most popular companies for graduates in Masters in Finance-

• Goldman Sach
• Amazon
• Procter & Gamble
• Commonwealth Bank
• ANZ
• Westpac Group Australia
• Macquarie Group
• Morgan & Stanley
• Optiver
• Honeywell

FAQs

We hope that this blog helped you understand the various aspects of pursuing a masters in Finance in Australia. If this postgraduate course intrigues you and you are thinking to opt for it, you can reach out to our Leverage Edu experts and we will help you select a best-suited university as per your preferences and career ambitions. Get in touch at 1800 57 2000 for a free 30-minute counselling session.