Masters in Finance in Australia: Best Universities, Admission Requirements, Costs & More for MSc Finance Australia

Course Curriculum For Masters in Finance in Australia

A Masters of finance degree in Australia is quantitatively oriented that provides both depth and breadth in finance, and will enhance your analytical and problem-solving abilities and develop your understanding of the principles of finance. MSc finance Australia is designed to be completed in 18 to 24 months of full-time study and requires completion of 150 points. The program comprises 4 compulsory subjects with at least 4 core subjects with 2 capstone subjects along with up to 2 elective subjects. The course curriculum includes subjects such as:

1. Quantitative Analysis Of Finance
2. Economics Of Finance
3. Financial Statement Analysis
4. Financial Markets And Instruments
5. Corporate Restructuring And Valuation
6. Applied Investment Management
7. Applied Risk Management
8. International Financial Management

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List of Top Universities For Masters in Finance in Australia

You will have a range of options for the best universities in Australia for a Masters degree in finance. These universities are recognised for their best teaching style, well-equipped course curriculum by experienced faculties etc. To help you in choosing the best from many options, here we have listed some top universities in Australia for masters in finance degree:

1. University of New South Wales
2. The University of Melbourne
3. Australian National University
4. The University of Queensland
5. RMIT University

Let's discuss each university one by one below:

1.     University of New South Wales

The UNSW master of finance degree is offered by the Business School of the university in face-to-face learning based. The program is a one-year full-time course that commences in the university in its three different terms i.e Term 1, 2 and 3. The course has been developed in close consultation with the finance sector and exposes you to the latest thinking and research in finance. The instructions are taught by industry-leading academics and researchers via the latest theories and practical techniques.

The University of New South Wales World Ranking 2024	19
QS Rankings For Accounting and Finance 2024	20
Average Annual Fees	50,200 AUD
Program Offered	Master of Applied Finance Master of Finance Master of Financial Analysis Master of Financial Mathematics Master of Financial Technology

2.     The University of Melbourne

The University of Melbourne is ranked in the top 2 for accounting and finance in Australia offers 18 months full-time and 3 years part-time mode. The university admits only a limited number of students each university in this course. The program emphasizes key practical skills through our in-class simulations or in a Practicum subject, completing a real consulting project in industry and learning from regular industry-guest lectures.

University of Melbourne World Ranking 2024	14
QS Rankings For Accounting and Finance 2024	24
Average Annual Fees	37,536 AUD
Program Offered	Master of Finance Master of Finance (Enhanced) Master of Management (Finance) Master of Banking and Finance Law Master of Management (Accounting and Finance)

3.     Australian National University

A Master of Finance degree at the Australian National University equips you with the necessary skills to excel in the global financial marketplace. The program is offered in 2 years full-time mode of a minimum 96 units. The program will demonstrate an in-depth understanding of corporate finance, securities trading, investments, portfolio construction, derivative pricing and risk management. It will be a challenge to solve financial problems, which are essential to work in the fast-paced world of finance.

Australian National University World Ranking 2024	34
QS Rankings For Accounting and Finance 2024	=42
Average Annual Fees	46,176 AUD
Program Offered	Master of Finance Master of Applied Finance Master of Financial Management and Law Master of Financial Management Master of Financial Economics

4.     The University of Queensland

The University of Queensland offers a masters degree in international economics and finance that advances the understanding of economics across business and the public sector. This will develop specialized knowledge of extensive implications and opportunities arising from the process of international economic and financial integration. The program is founded upon a platform of microeconomics, macroeconomics and statistics, and economic principles may be applied to issues in the international economy.

University of Queensland World Ranking 2024	43
QS Rankings For Accounting and Finance 2024	=61
Average Annual Fees	43,000 AUD
Program Offered	Master of International Economics and Finance Masters in Financial Mathematics

5.     RMIT University

RMIT Masters of Finance degree is offered as 2 years full time and 18 months accelerated mode of study. The program is quantitatively oriented and provides both depth and breadth in finance, and it will enhance your analytical and problem-solving abilities and develop your understanding of the principles of finance. It will explore your understanding of finance, financial modelling, econometrics, trading, research and the analysis of financial markets.

RMIT University World Ranking 2024	140
QS Rankings For Accounting and Finance	=100
Average Annual Fees	43,200 AUD
Program Offered	Master of Finance Master of Business (Economics, Finance & Marketing)

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List of Finance Universities Without GRE in Australia

If you are applying for a Masters degree in Finance in Australia without a GRE score, then you need not worry much about your admission. As there are several finance universities that do not require GRE tests as their mandatory documents in the applications. Some of them includes:

• Deakin University
• Curtin University
• Edith Cowan University
• La Trobe University
• Macquarie University
• University of Tasmania

Eligibility Criteria and Requirements For Masters in Finance in Australia

Although the eligibility criteria and requirements are different for different universities, and so with the minimum test scores. However, every university follows the basic academic standard for admission to master of finance melbourne or other location. These requirements are given below:

1. Bachelor's Degree
2. English Language Proficiency
3. GRE or GMAT Scores
4. Work Experience
5. Passport & Student Visa

Let's discuss each requirement below:

1.     Bachelor's Degree

A bachelor's degree in a relevant discipline with a weighted average mark of at least H2A (75%), or equivalent with studies of 12.5 points each in accounting (level 1), corporate finance (level 2), investments (level 3) and derivatives (level 3) or equivalent field. One must meet the minimum WAM requirements and complete at least two of the above subjects.

2.     English Language Proficiency

International students from non-speaking nations are required to satisfy the language score requirements for the graduate courses. Those seeking to meet the requirements by one of the standard tests approved by the university academic board need to have minimum scores:

• IELTS: 6.0-7.0
• TOEFL: 90-100

3.     GRE or GMAT Scores

GRE or GMAT test scores are accepted by most of the universities offering MSc finance Australia. The university selection committee considers the scores for evaluation purposes. The minimum scores of both tests are given below:

• GRE: 280-340
• GMAT: 625-700

4.     Work Experience

Having a work experience of at least two or three years in a relevant field can give you an edge in the university. The university does not recommend having work experience for admission.

5.     Passport & Student Visa

A copy of your passport and Australian student visa is a must to study masters in finance in Australia for international students. Having an Australian visa is also required in every university in the country. If you don't have one, make sure to apply for the visa at least three months before the prior date of travel.

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Documents Required For Masters in Finance in Australia

Along with fulfilling above qualifications, you will also need to submit some certain documents for the universities in Australia for masters in finance. Here are some of the documents you can submit:

1. Official High School Transcripts
2. Bachelor's Degree
3. Language test scores
4. GRE or GMAT scorecards
5. Personal Essay
6. Statement of Purpose
7. A letter of recommendation
8. Resume or CV
9. Work experience certificate (if any)
10. Proof of your financial resources
11. Copy of your passport

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Admission Process For Masters in Finance in Australia

The application process for a masters degree in finance in Australia accepts two intakes of Round 1 and Round 2. The exact deadlines vary from university to university. You must check the deadlines at the university official website. Make sure to submit the application at least three or six months prior to getting enough time for document arrangement. Here is a step guide you can follow for application:

1. First make a list of some best universities for masters in finance in Australia or you can refer to the above university.
2. Visit their official website and capture the entry requirements.
3. Pay the application fees and fill up the application.
4. Ensure to submit all your related documents before the deadline.
5. Attend the interview if you get any invite from the University.
6. Once you are accepted, arrange your funds to apply for the student visa.

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Cost of Studying Masters in Finance in Australia

The most important thing you must keep in mind as an international student is masters in finance Australia fees. The fees are majorly based on two factors, your tuition fees and living expenses. Let's understand them

Tuition Fees

The costs for studying an MS or MSc finance Australia may differ with the kind of universities. However, the annual indicative fees should range between 27,536 AUD to 57,242 AUD.

Cost of Living

Your cost of attendance also includes the living expenses of international students in the country. These costs will depend on your type of lifestyle and the location you are staying in. On average, you have to spend around 800 to 1,700 AUD to pursue Master of Finance Sydney. These costs also go high with other cities.

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Scholarships For Masters in Finance in Australia

To help you in managing high expenses, the universities in Australia provide scholarships to students to manage their study in the university. Some of the other sources like government or external also provide financial aid for students to continue their higher education in Australia. Here is a list of some scholarships you can refer to study MS in finance in Australia:

Scholarship Name	Eligibility	Benefits
ANU Chancellor's International Scholarship	Scholarships are offered on the basis of academic merits.	25% or 50% tuition fees
ANU College of Business & Economics Honors Scholarship	International students enrolled into a full time basis in an Honors program offered by the College and based on their academic records	15,000 AUD
International Student Award, UNSW	Must have been enrolled into a full time undergraduate or postgraduate degree program.	15% tuition fees
International Postgraduate Coursework Full Tuition Scholarship	Students studying to postgraduate degree in the university with good academic achievements.	Varies
Thomas A Plein Endowed Scholarship, University of Queensland	Students enrolled into a full time program in Business, Economics and Law Faculty with good academic records.	3,000 AUD

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Career Opportunities After Masters in Finance in Australia

Post completing your Masters in Finance in Australia, you will be knowledgeable across a variety of finance specializations including financial markets, investment management, financial technology and quantitative finance. Graduates with a finance degree will forge many international careers in the finance industry with their technical skills in areas of:

• Investments
• Banking
• Corporate advisory
• Financial analysis

Here are some of the job profiles of a master of banking and finance in Australia graduates along with their average salary.

Job Profile	Average Salary
Investment Banker	88,919 AUD
Finance Manager	89,836 AUD
Financial Controller	85,000 AUD
Portfolio Manager	92,885 AUD
Accounting Manager	81,262 AUD
Senior Financial Analyst	89,220 AUD

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Australia universities promise academic excellence to their students both in terms of their quality of education and career prospects. They have a long tradition of their graduates moving into many successful careers in the finance industry. Therefore, pursuing Masters in Finance in Australia is a greatly lucrative option for business international students. If you are looking for the best universities or need any assistance in your visa and application process, do connect with our Yocket Professionals.

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