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

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Yocket Editorial Team
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Australia is gradually emerging as one of the most popular study destinations for higher studies. The business courses in Australia are particularly in demand along with other UG and PG courses. One such domain or course is MSc finance. Pursuing a masters in finance in Australia is a lucrative career option with great potential. Finance Australia degree is tailor-made that will give a very deep and niche knowledge in the finance methodology.

Being home to some exceptional universities, Australia is recognised for its academic excellence, vibrant study culture, and tech-based innovative curriculum. So, if you are interested in studying finance masters in Australia this blog will give you all information about the best universities in Australia for masters in finance along with its admission requirements, costs, procedure, career opportunities and much more.

Table of Contents:

Why Study Masters in Finance in Australia?

MS in Finance in Australia provides you the tools that will shape the future of finance. You will also benefit from guidance from experienced finance professionals and research-leading teaching approaches. Some of the reasons why to study finance masters are:

  • Top Universities: There are many best universities for masters degree in finance in Australia, out of which most of them are ranked by different surveys. According to a popular QS Rankings, 18 universities are among the world's Top 323 accounting and finance subject rankings. And it is worthwhile to say that 5 have been placed in the Top 50 QS universities.
  • Academics: You will be equipped with the essential skills to excel in the global financial marketplace. The program examines the fundamental principles of finance applicable to valuing financial securities and corporations, derivatives of risk management purposes, and exploring diversification methods to create investment portfolios etc.
  • Scholarship Opportunities: Various universities offer a wide range of scholarships to their future students to assist them with their costs of studying. There are also different funding opportunities offered by the Australian and overseas governments and other industrial partners and affiliates that you can take advantage of.

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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:

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:

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:

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.

Also Read

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Education System in Australia

Public Universities in Australia

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Study In Australia After 12th

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Frequently Asked Questions About Masters in Finance in Australia

Is finance a good career in Australia?

How much does a Masters in Finance cost Australia?

Which university is the best for a Master in Finance and accounting?

What is masters financial analysis?

What are the job areas of finance graduates?

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