MS Finance in Australia: Colleges, Fees, Courses, Admission, Eligibility

Article Summary

• An MS Finance in Australia is a postgraduate AQF Level 9 degree that usually takes 1.5–2 years to complete. Top universities such as University of Melbourne, UNSW Sydney, University of Sydney, and Monash University offer globally recognised programs covering areas like financial markets, investment analysis, and risk management.
• The average tuition fee ranges from AUD 30,000 to AUD 50,000 per year, while students must show minimum living funds of AUD 29,710 annually for the Student Visa (Subclass 500). Graduates can apply for the Temporary Graduate Visa (Subclass 485) to stay and work in Australia after completing their degree.
• Career opportunities after an MS Finance in Australia are strong, with roles such as Financial Analyst, Investment Manager, and Finance Manager offering average salaries between AUD 70,000 and AUD 130,000+ annually. Major financial hubs like Sydney and Melbourne provide the best job prospects in banking, consulting, and corporate finance.

An MS Finance in Australia is a postgraduate degree at AQF Level 9 under the Australian Qualifications Framework (AQF). You can complete this degree in 1.5 to 2 years full-time, and in this course, you will study core subjects like financial markets, investment analysis, risk management, etc.

Universities in Australia charge around AUD 30,000 to AUD 50,000 per year (INR 19 Lakhs to 32 Lakhs) for this course. And after graduation, you can earn a median salary of around AUD 70,000 to 90,000 per year, which is approximately INR 45 lakh to 59 lakh. 

Another benefit is that after completing your degree, you can apply for the Temporary Graduate Visa (Subclass 485), which will allow you to live and work in Australia for up to 2 years after a master’s degree. 

But the problem is that many students feel confused about choosing the right university and understanding eligibility rules. So in this blog, we will give you all the information on the top universities, eligibility, visa rules, PR, scholarships, cost, etc. So let’s go!

MS in Finance in Australia: Quick Overview

An MS in Finance in Australia will make you enter a government-regulated system under the Australian Qualifications Framework (AQF). This degree sits at AQF Level 9, which means you will learn advanced finance skills for jobs and future study.

This degree is best for you if you have a background in commerce, maths or economics and want roles like analyst or finance advisor. Here is a quick overview for you before we get into details. 

Course Name	MS Finance
Qualification Level	AQF Level 9, Master’s Degree (Coursework)
Common Duration	1.5 years to 2 years
Typical Annual Tuition for an International Student	AUD 30,000 to AUD 50,000 per year (INR 19 Lakhs to 32 Lakhs)
Academic Entry Requirement	Bachelor’s degree with GPA 5.0/7.0 or 60% WAM
English Requirement	IELTS 6.5 to 7.0 overall
Visa Category	Student Visa (Subclass 500)
Student Visa Fee	AUD 2,000 (INR 1,31,040)
Post-Study Work Rights	Temporary Graduate Visa (Subclass 485)
Work Rights During Study	48 hours per fortnight, unlimited during breaks
Graduate Employment Rate	88.1% full-time employment (4-6 months)
Graduate Median Salary	AUD 70,000 to 90,000 per year (INR 45 Lakhs to 59 Lakhs)
Primary Career Roles	Financial Analyst, Fund Manager, Investment Adviser
Minimum Living Cost Proof	AUD 29,710 per year (INR 19,46,095)

Why Study MS Finance in Australia? 

Australia has a well-developed financial sector that contributes heavily to its economy. So, considering an MS in finance in Australia is actually a solid option for both in terms of education and careers. Let’s look at some more benefits. 

Strong Finance Job Market

Australia has one of the most stable finance sectors in the Asia-Pacific region. This means you will enter a market that actively needs skilled finance professionals. Top employers regularly hire from Australian universities and even give internships. 

High Return on Investment

An MS in Finance in Australia has a solid ROI because of high salaries and career growth. So, postgraduate students can earn competitive salaries. Graduates from top universities can also get global opportunities in other cities like London, Singapore, and New York.

Post-Study Work Opportunities

Australia has post-study work options through the Temporary Graduate Visa (Subclass 485). This can allow you to stay and work after completing your degree. And this also gives you enough time to build your career or explore long-term settlement options.

Global Recognition of Degree

An Australian MS Finance degree is accepted worldwide, and many top schools are accredited by bodies like the Association to Advance Collegiate Schools of Business and the EFMD Quality Improvement System. This means your degree is valuable in multiple countries.

Types of MS Finance Programs in Australia

When you plan an MS in Finance in Australia, you need to understand that not all finance degrees are the same, and each program is designed for a specific career path. If you pick the wrong one, it can affect your job outcomes. So here are some common types of finance programs in Australia. 

Program Type	Focus	Outcome
Master of Finance (MFin)	Advanced theory, markets, econometrics	Investment banking, research
Master of Applied Finance	Practical finance, CFA prep	Corporate finance, banking
Quantitative Finance	Maths, coding, risk models	Quant roles, trading
Financial Planning	Wealth, tax, retirement	Financial advisors
Finance & Investment Management	Portfolio, ESG, asset pricing	Fund managers

Top Universities for MS Finance in Australia

In Australia, employers care about which university you studied at, and big companies like to hire students from the Group of Eight universities. So here is the list of universities that have MS Finance courses in Australia, along with their rankings:

University	QS World University Ranking 2026
University of Melbourne	#19
The University of New South Wales (UNSW Sydney)	#20
The University of Sydney	#25
Monash University	#36
Australian National University (ANU)	#32
The University of Queensland (UQ)	#42
University of Technology Sydney (UTS)	#96
RMIT University	#125

University of Melbourne: Master of Finance

Now let’s start with one of the most recognised programs. The Master of Finance at the University of Melbourne is delivered through Melbourne Business School. This course is practical and career-focused. This university is ranked #19 globally in the QS World University Rankings 2026, which already makes it one of the strongest options for international students. 

The program also has strong CFA alignment, and it covers at least 70% of all three levels of the CFA Program Candidate Body of Knowledge, including ethical and professional standards. This will give you an advantage if you plan to take the CFA exams later.

The cohort size is kept small, which means you will get more direct interaction with faculty and industry mentors. This is called a boutique cohort model. There is also a consulting practicum where you can work on projects in cities like Melbourne, Sydney, or even overseas. The duration is 1.5 years full-time for the standard program, or 2 years full-time if you choose the enhanced version with extra electives and exchange options.

UNSW Sydney: Master of Finance

Now let’s talk about UNSW because this one is very strong in finance. The Master of Finance at UNSW Sydney is provided by Australia’s #1-ranked Business School. The program is designed to build skills in banking, corporate treasury, financial advisory, and funds management.

UNSW is ranked in the global top 30 for Accounting and Finance and is #1 in Australia for this subject. So, this is a big deal if you are targeting finance roles. The program duration is flexible. It can be completed in 1 to 2 years, depending on your background. Also, classes are held at the Kensington campus in Sydney, and you get multiple intakes across Term 1, Term 2, and Term 3.

You can choose from three specialisations: Funds Management, Corporate Finance and Investment Banking, or Financial Technology (FinTech). If you have already completed all three levels of the CFA exam, you may get a 12 Units of Credit exemption from the program. UNSW also provides career support through its Career Accelerator. 

University of Queensland: Master of Finance and Investment Management

Now let’s look at the Master of Finance and Investment Management at the University of Queensland, which is designed to combine finance knowledge with industry-level skills. The university is ranked #42 globally in the QS World University Rankings 2026 and is also in the top 100 globally for Accounting and Finance.

This program will prepare you for areas like financial advice, investment analysis, and consultancy. Interestingly, the program also has strong CFA alignment, and international students need to complete the GMAT with a minimum score of 550. Some exemptions may apply for graduates from recognised universities.

There are two intakes every year. For entry, you need a bachelor’s honours degree or a bachelor’s degree in a relevant field with a GPA of at least 4.5 on a 7-point scale. Another option is having a relevant degree plus 2 years of full-time work experience. You can also enter through the Graduate Certificate in Finance and Investment Management from UQ.

Also Read: List of Universities In Australia for Indian Students 2026

Eligibility for MS Finance in Australia

Now, let’s understand what the MS in Finance in Australia eligibility is because all universities check your academic background and the Genuine Student (GS) requirement. Also, your undergraduate degree needs to match the Australian system. In simple words, it should be equivalent to an Australian AQF Level 7. On top of that, universities prefer students who come from a related background and who are comfortable with numbers. So yes, competition is quite high here. Now, let’s go step by step and understand each part properly.

Academic Requirements

First, let’s talk about your academics because this is the base of your application. Universities want to check whether your previous study is relevant and whether your performance has been consistent.

To get eligible, you need a Bachelor’s degree in Finance, Economics, or a quantitative field like Mathematics or Physics. Your degree needs to match Australian standards in terms of level and relevance.

When it comes to GPA, different universities have different minimum scores. The University of Melbourne requires a minimum of 65% to 70% based on their internal equivalent system. The Australian National University (ANU) requires a minimum GPA of 5.0 out of 7.0 for its 2-year program. UNSW Sydney expects a 65% WAM, which means Weighted Average Mark.

Apart from this, some universities also check if you have already studied certain subjects. So basically, your degree, your marks, and your subject background all work together here.

English Language Requirements

Now, let’s understand the English test part. You cannot skip this unless you meet specific exemption rules. 

For IELTS Academic, you need an overall score of 6.5, and no band should be less than 6.0. But the University of Queensland requires a higher score of 7.0 overall.

If you are taking the PTE Academic test, your score should fall between 58 and 64. Most Group of Eight universities usually expect a score of 64, with no section below 60.

For the TOEFL iBT exam, the required score ranges between 79 and 100. Again, the University of Queensland has a higher requirement and asks for a score of 100 for this program. So even a small difference in scores can matter depending on the university you choose.

Work Experience

Now, work experience is not always compulsory, but in some cases, it becomes very important. If your degree is not related to finance, which is called a non-cognate background, universities like Monash or the University of Queensland usually require at least 2 years of full-time relevant work experience.

For senior professionals, there is a different pathway. The Australian National University allows entry if you have 10 years of experience at ANZSCO Skill Level 1, even if your GPA is lower than the standard requirement. Internships do help, but universities prefer full-time work experience after graduation when they give entry credit.

Financial Proof

Now let’s talk about money, because this is a mandatory part of your visa process. For a Subclass 500 Visa, you need to show that you can cover your expenses properly. Your annual living expenses should be 29,710 AUD, which is 1,940,000 INR.

For tuition, the indicative cost for the first year ranges between 51,200 AUD and 62,000 AUD, which converts to 3,348,000 INR to 4,054,000 INR. You also need to show travel costs of 2,500 AUD, which is 163,500 INR. So yes, along with admission, you also need to prove that you can afford to study and live in Australia without any financial issues.

GMAT & GRE Requirements 

Different universities follow different rules when it comes to GMAT and GRE. Some use these scores to rank international students, while others only look at them if your academic profile is borderline. So if your GPA is strong, you may not need GMAT at all. But if your profile is average, then a good GMAT score can improve your chances.

University	GMAT	GRE	Alternative
University of Melbourne	630+ (Mandatory)	312+ (Equivalent)	Waived for Aus/NZ degree
University of Queensland	550 (Minimum)	Not Specified	Mandatory for International
UNSW Sydney	Optional (600+)	Optional	Only for borderline GPAs
Monash / ANU	Not Required	Not Required	Entry via GPA 5.0/7.0

GMAT & GRE Waivers

Now, let’s understand waivers, because a lot of students ask about this. Universities do give waivers, but only in specific situations. If you have completed your undergraduate degree in Australia or New Zealand, you might get a waiver. Also, if you hold a professional certification like CFA Level 1 or higher, universities may consider waiving the test requirement. So waivers are possible, but they are not guaranteed for everyone.

Documents Required

You need documents to study MS Finance in Australia. If you submit fake or unverified documents, you can face an immediate 5-year ban under Public Interest Criterion 4020. So it is always better to keep everything genuine and properly prepared. Now let’s go through what you need.

• SOP (Statement of Purpose)
• LORs (Letters of Recommendation)
• Resume or CV
• Academic Transcripts
• English Language Proficiency Certificate
• Passport

Also Read: Student Dependent Visa Australia 2026: Requirements and Application Process

Admission Process for MS Finance in Australia

The application process for an MS in Finance in Australia follows a strict sequence, and it is also checked by the Department of Home Affairs under the Genuine Student (GS) rule. So make sure you are following a proper process. Here is what it looks like. 

Shortlist Universities

You need to start by selecting universities that are officially registered on CRICOS. This will make sure that your course is approved for international students. You should also check if the university is a low-risk or “Level 1” provider, as this can make visa processing smoother.

Prepare Exams

You need to take an English proficiency test such as IELTS, PTE, or TOEFL. These scores are mandatory for all international students. For top universities like the University of Melbourne, you may also need GMAT or GRE scores. Your results need to be sent directly from the test provider to the university.

Submit Applications

Next, you need to submit your application through the official university portal. This will require all your academic and supporting documents in the correct format. Missing or unclear documents can delay your application or lead to rejection. So keep that in mind. 

Receive Offers

After this, if you meet the eligibility criteria, then the university will issue a Letter of Offer. And to confirm your admission, you have to pay the required tuition deposit. After payment, the university will issue your Confirmation of Enrolment (CoE), which is a mandatory document for your visa.

Apply for a Student Visa

After receiving your CoE, you have to apply for the Subclass 500 Student Visa. At this stage, you need to submit financial and health-related documents as required by the government, like minimum living funds of AUD 29,710, a valid Overseas Student Health Cover (OSHC), a genuine student statement, etc.

Application Timeline

You need to plan your timeline carefully because delays can affect both your admission and visa approval. Here is an overall timeline; you can follow it according to your intake.

Stage	Timeline
Step 1: Research & Exams	10 to 12 months before intake
Step 2: University Application	8 to 10 months before intake
Step 3: Offer Acceptance & Deposit	6 months before intake
Step 4: Visa Lodgement	3 to 4 months before intake
Step 5: Travel to Australia	2 to 4 weeks before orientation

Cost of Studying MS Finance in Australia

Okay, so let’s break this down properly because the MS in Finance in Australia costs more than just tuition, because the Australian Government requires you to show proof of funds for multiple things when you apply for the Subclass 500 Student Visa. 

This will include your tuition, a fixed minimum living cost, and even your return airfare. On top of that, you also need to buy Overseas Student Health Cover (OSHC) for your full course duration.

So, if you don’t understand all these parts clearly, your visa can even get rejected. Now, let’s go step by step so everything makes sense.

Tuition Fees

Let’s start with tuition because this is the biggest chunk. In Australia, universities calculate fees using EFTSL, which means Equivalent Full-Time Student Load. One EFTSL equals one full year of study. So your total fee depends on how many EFTSLs your program has. Universities have already confirmed their international fee structures. Here is the breakdown:

Category	Cost (AUD)	Cost (INR)
University of Melbourne	AUD 60,992	INR 39,95,254
University of Melbourne	AUD 91,488	INR 59,92,282
UNSW Sydney	AUD 62,000	INR 40,61,760
UNSW Sydney	AUD 86,000 to 1,29,000	INR 56,34,720 to 84,52,080
RMIT University	AUD 1,00,800	INR 66,04,416
RMIT University	AUD 74,880	INR 49,06,445
Student Visa (Subclass 500)	AUD 2,000	INR 1,31,040
Overseas Student Health Cover (OSHC)	AUD 700 to 900	INR 45,864 to 58,968

Living Costs

Next, you have to calculate your living costs carefully. The Department of Home Affairs requires you to show proof of AUD 29,710, which equals around INR 19,16,900, for one year of living expenses. This is mandatory for a Student Visa Subclass 500. But actual yearly expenses usually range between AUD 21,000 and AUD 27,000 (INR 11,65,000 to INR 15,00,000). Here is the detailed cost table:

Expense Category	Cost (AUD)	Cost (INR)
Accommodation (Monthly)	AUD 450 to AUD 1,800	INR 25,000 to INR 1,00,000
Groceries (Monthly)	AUD 500 to AUD 1,000	INR 27,700 to INR 55,500
Public Transport (Monthly)	AUD 30 to AUD 70	INR 1,600 to INR 3,800
Health Insurance (Yearly)	AUD 500 to AUD 1,000	INR 27,700 to INR 55,500
Mandatory Living Proof (Yearly)	AUD 29,710	INR 16,48,900

Total Budget Example

Now let’s combine everything so you can actually see the full picture. A proper budget includes your tuition, minimum living costs, visa costs, OSHC, and travel.

For the University of Melbourne, your first-year tuition is AUD 60,992. When you add the minimum living requirement of AUD 29,710, visa fee of AUD 2,000, OSHC estimate of AUD 800, and return airfare estimate of AUD 2,500, your total comes to approximately AUD 96,002, which is INR 62,91,491. Keep in mind that actual living costs in Melbourne can be higher than the minimum requirement.

Also Read: MBA Fees in Australia 2026: University-Wise Tuition Cost, Living Expenses & Total Budget

Scholarships for MS Finance in Australia

Scholarships can help reduce a big chunk of your cost if you plan MS Finance in Australia early. Most scholarships come either from the Australian Government or from universities themselves. Here are some of the scholarship options you should know about.

Scholarship Name	Benefit	Eligibility
Australia Awards (AAS)	Full tuition, living stipend, airfare, and OSHC	Indian citizens with 2+ years’ work experience must return to India for 2 years post-degree
UNSW International Excellence	15% fee remission for the full duration of the MS Finance	International students with a full offer, based on academic merit and leadership
Melbourne Graduate Merit Scholarship	25% to 50% fee remission for the duration of the course	Indian students with a high undergraduate GPA in a quantitative field
Monash International Leadership	100% course fees paid (excludes OSHC and living costs)	Top-tier academic performance, 4 awards per year, requires a separate application
UQ Master of Finance Outstanding Women	AUD 20,000 (INR 13,12,000) one-off payment	Female international students enrolled in the Master of Finance and Investment Management
Sydney Vice-Chancellor’s Scholarship	Up to AUD 40,000 (INR 26,24,000) for one year	International coursework students, based on academic ranking, automatic assessment
Destination Australia	AUD 15,000 (INR 9,84,000) per year	Enrolment at a regional campus requires maintaining residency in a designated regional area

Jobs and Salary After MS Finance in Australia

The career outcomes after an MS Finance in Australia are strong because finance is one of the highest-paying industries. Now let’s take a look at some popular roles and their salaries. 

High-Demand Job Roles After MS Finance

After completing your MS Finance, you can enter multiple high-paying roles across banking, consulting, and corporate finance. These roles exist across industries, which means your degree is flexible. 

Role	Average Annual Salary (AUD)	Average Annual Salary (INR)
Financial Analyst / Investment Analyst	85,000 to 1,30,000	INR 55.6 Lakhs to 85.1 Lakhs
Finance Manager	98,000 to 1,57,000	INR 64.2 Lakhs to 1.02 Crores
Financial Controller	1,20,000 to 1,75,000	INR 78.6 Lakhs to 1.14 Crores
Investment / Fund Manager	1,04,000 to 2,00,000+	INR 68.1 Lakhs to 1.31 Crores+
Management Consultant (Finance)	85,000 to 1,33,120	INR 55.6 Lakhs to 87.2 Lakhs

Best Cities for Finance Jobs

Your job opportunities and salary also depend on where you work in Australia. Some cities have better exposure and higher salaries, while others have more job openings in finance.

Sydney

Sydney is the financial hub of Australia. It has the highest concentration of investment banks, financial institutions, and global firms, which is why salaries here are usually the highest.

Melbourne

Melbourne focuses more on corporate finance, consulting, and superannuation funds. It has stable roles and strong long-term career growth.

Brisbane

Brisbane is growing in sectors like energy, mining, and infrastructure finance. It is a good option if you want to enter project finance or resource-based industries.

Regional Australia

Regional areas, especially in Western Australia, provide high salaries in mining-related finance roles. But these jobs are specialised and usually not entry-level positions.

Also Read: Top Earners: Highest Paying Marketing Jobs In Australia 2025

Part-Time & Post-Study Work Rights After MS Finance in Australia

When you study MS Finance in Australia, your work rights are controlled by two visas. These are the Subclass 500 Student Visa and the Temporary Graduate Visa (Subclass 485). These rules allow you to earn money during your studies and then transition into full-time work after graduation. Let’s break down everything. 

Part-Time Work During Study

While studying, you are allowed to work part-time to support your living expenses. But the Australian Government ensures that your studies remain your main priority. Here are the rules. 

• Working Hours: Maximum 48 hours per fortnight during study sessions
• Holiday Work: Unlimited working hours during official university breaks
• Minimum Wage: AUD 24.95 per hour (INR 1,637 approx.)
• Research Students: If you are enrolled in a research-based master’s, you get unlimited work rights throughout the year

Post-Study Work Rights

After completing your MS Finance, you can stay back and work in Australia using the Temporary Graduate Visa (Subclass 485). This is the most important step if you want international work experience.

• Eligibility Age Limit: Under 35 years (up to 50 for research degrees)
• Duration: 3 years of full-time work rights for Master’s graduates
• Purpose: Gain professional experience and improve employability

Regional vs Metro Advantage

Australia encourages students to study outside major cities like Sydney, Melbourne, and Brisbane. If you choose a regional area, then it will give you extra benefits.

• Extra Stay: Additional 1 to 2 years through a second post-study visa
• PR Points: Extra 5 points for migration
• Cities: Adelaide, Perth, Canberra, Gold Coast

PR Pathway After MS in Finance in Australia

Now getting Permanent Residency (PR) in Australia is possible, but it is competitive because it depends on your points, job role, and work experience. The process is managed by the Department of Home Affairs under the skilled migration system. Here is all that you need to know. 

Skilled Independent Visa (Subclass 189)

This is a points-based visa that will allow you to live and work anywhere in Australia without employer sponsorship. It is one of the most preferred options for international graduates. Finance roles like Finance Manager and Management Consultant are commonly targeted under this pathway.

• Minimum Points: 65 (realistically 90 to 95+ for 2026 invites)
• Key Factors: Age, English score (IELTS 8+), work experience
• Advantage: No employer or state sponsorship required

Employer-Sponsored Visa

If you secure a job in Australia, your employer can sponsor your visa. This is often easier if you work in specialised finance roles where demand is high. This pathway works well for students who gain experience during their post-study work period and move into full-time roles.

• Visa Options: Subclass 186 and Subclass 494
• Salary Requirement: Minimum AUD 73,150 per year (TSMIT)
• Condition: You need to have a valid job offer from an approved employer

Also Read: How to Settle in Australia? Complete Guide for Students & Migrants

MS in Finance: Australia vs UK vs Canada

When you compare an MS in Finance in Australia with the UK and Canada, you need to check three things: visa rules, total cost, and post-study work options. Don’t worry. We have done the work for you. Here is the quick overview. 

Factor	Australia	United Kingdom	Canada
Course Duration	1.5 to 2 years	1 year	1 to 2 years
Typical Annual Tuition	AUD 60,992 to 62,000 (INR 39.9 Lakhs to 40.6 Lakhs)	GBP 37,000 to 63,000 (INR 39.5 Lakhs to 67.4 Lakhs)	CAD 35,000 to 87,000 (INR 21.3 Lakhs to 53 Lakhs)
Living Cost Proof	AUD 29,710 per year (INR 19.4 Lakhs)	GBP 13,347 (London) / GBP 10,224 (outside)	CAD 20,635 per year (INR 12.5 Lakhs)
Post-Study Work Visa	Temporary Graduate Visa (Subclass 485)	Graduate Route Visa	Post-Graduation Work Permit (PGWP)
Post-Study Work Duration	Up to 2 years (Master’s)	2 years (before Jan 2027), 18 months after	Up to 3 years
Work During Study	48 hours per fortnight	20 to 24 hours per week	24 hours per week
Student Visa Fee	AUD 2,000 (INR 1,12,000 to 1,28,000)	GBP 524 (INR 56,000 to 65,000)	CAD 150 (INR 9,400)

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If you are planning to study MS Finance in Australia, then you need to think beyond just getting admission. You should focus on timing, documents, and strategy. So you should start early and make sure to use your student time properly. Try to get internships, even small ones, because Australian employers care about local experience too. If you build experience early, your chances of getting a full-time job increase a lot.

Keep learning and stay connected with the Study Abroad page on Leverage Edu for more helpful and student-friendly blogs. And if this helped you, don’t forget to share, rate, and drop a comment. Your support helps more students find the good stuff. For personalized guidance, you can also call 080 6901 2014.