Master of Finance in Australia

Master of Finance in Australia

Master of Finance in Australia
Ramala BhandariSun Mar 13 2022

Master of Finance in Australia is a 1-2 year course that prepares students for career opportunities in superannuation funds, banks, insurance companies, treasury,  mutual funds, stockbroking etc.

Finance graduates can get job roles such as foreign exchange dealers, financial analysts, futures and options traders, accountants, portfolio managers, finance managers, risk analysts and financial advisers etc. upon successful completion of their degree. 

The salary of these job positions ranges from AUD 50,000 per year to AUD 100,000 and more. 

Follow this guide to know everything about Master of Finance in Australia including top universities, tuition fees, entry requirements and jobs upon graduation. 

Why Study Master of Finance in Australia? 

  • GRE/GMAT Scores is not needed in most universities. 
  • You can finish this course in a shorter time period- 1 to 1.5 years in many institutes. 
  • According to QS Ranking for masters ranking in finance, 4 out of the top 100 finance schools in the world are from Australia. 
  • Endless opportunities after graduation. 

Top Universities to study Master of Finance in Australia

These are the best universities to pursue a Master of Finance in Australia. 

  • University of Sydney
  • University of Melbourne
  • Macquarie University
  • Griffith University
  • University of Technology Sydney
  • University of Adelaide
  • Australian National University
  • Monash University
  • RMIT University

Masters in Finance in Australia Fees

The cost of studying for a Master of Finance degree in Australia ranges from AUD 35,000 to 50,000 annually. 

University

Course Duration

Annual tuition fees in AUD

University of Melbourne

1.5 years

49,440

Swinburne University of Technology

1 year

38,300

University of South Australia

2 years

35,900

University of Western Australia

2 years

43,800

University of Adelaide

2 years

47,500

University of Technology Sydney

1.5 years

45,360

Australian Catholic University

1.5 years

46,650

RMIT University

2 years or 1.5 years accelerated

42,240

University of Tasmania

1.5 years

35,950

Griffith University

2 years

33,500

Monash University

1 to 2 years

48,100

Bond University

1 year 4 months

33,700

Master of Finance in Australia Admission Requirement

Master of Finance Admission Process

The admission process for the Master of Finance program in Australia requires you to prepare the following documents and apply for the program. 

  •  All Bachelor and +2 level documents (transcripts, character and provisional certificates)
  • A valid English Test Scores
  • Statement of Purpose (SOP)
  • Application fees
  • Passport
  • Letter of Recommendation if asked
  • Proof of Experience if asked 
  • Proof of Scholarships if any

University Specific Master of Finance Admission Requirements

University of Melbourne

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 24 in writing, 18 in speaking and 13 in reading and listening. 
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree encompassing subjects like accounting, corporate finance, investments etc. with a minimum of 75%. 
  • GRE/GMAT score is also required unless students have a Bachelor's degree from Australia or New Zealand.
  • Intake: February, July

Swinburne University of Technology

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 21 in writing, 18 in speaking, 13 in reading and 12 in listening. 
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree or a graduate certificate in a relevant degree.

University of South Australia

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 18 in each band
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree or graduate diploma or graduate certificate in business, commerce, marketing etc. 
  • Intake: February, August

University of Western Australia

  • Course Name: Master of Applied Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
  • Academic Requirements: A Bachelor's degree in a relevant area with a minimum of 50%. If the Bachelor's degree is in an irrelevant field, a minimum of 2 years of experience in the finance area or a graduate diploma or certificate in finance is required. 

University of Adelaide

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 21 in writing, 18 in speaking and 13 in reading and listening. 
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree in a relevant area with a minimum of the upper second division.  
  • Intake: February, July

University of Technology Sydney

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 21 in writing, 
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree or a graduate certificate in finance or other closely related areas. 
  • Intake: February, July

Australian National University

  • Course Name: Master of Applied Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
  • Academic Requirements: A Bachelor's degree in cognate disciplines like accounting, actuarial studies, business information systems, finance, marketing, statistics, mathematics etc. with a minimum GPA of 5.0 on a 7.0 scale

RMIT University

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 21 in writing, 18 in speaking,13 in reading and 12 in listening. 
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree in any area for a 2 years course. Applicants need to have a Bachelor's degree in finance or other relevant areas for a 1 or 1.5-year course.  
  • Intake: February, July

University of Tasmania

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
  • Academic Requirements: A Bachelor's degree in accounting, finance or business. 

Griffith University

  • Course Name: Master of Finance
  • Cut-off English Test Scores: 
    • IELTS: Overall 6.5, minimum 6.0 in each band.
    • TOEFL: Overall 79, minimum 19
    • PTE: Overall 58, minimum 50 in each band. 
  • Academic Requirements: A Bachelor's degree in finance or other related areas from Australian University or its international equivalent with a minimum of 4.0 GPA on a 7.0 scale. 
  • Intake: February, July

Scholarship

University

Scholarship

Value and Eligibility

Monash University

Achieving Potential Scholarships

Value: Up to AUD 15,000

Number: 500 per year

Achieving Potential Scholarships for Excellence

Value: Up to AUD 40,000

Number: 35 per year

Deakin University

Vice-Chancellor’s Academic Excellence Scholarship

Eligibility: ATAR Score of 95 and more

Value: 100% of tuition fee waiver and AUD 5,000 per year as stipend. 

Deakin Student Support Scholarship

Value: $5,000 paid per year as cash or towards tuition or a combination

Deakin Student Support Scholarship

Value: up to $10,000 per year

Deakin Achieving Potential Scholarship

Value: Up to 50% waiver in tuition fees

Deakin Sanctuary Scholarships

Value: $5,000 paid per year as cash or towards tuition or a combination

Deakin International Merit Scholarship (South Asia- Onshore)

Value: 20 or 25% discount on your tuition fees

University of Melbourne

Gates Cambridge Scholarships

Up to 100% fee waiver

Melbourne Mobility Awards

Up to AUD 6,000

University of Technology Sydney

Global Exchange Scholarship

AUD 1000

Koch & Frances Inclusion and Diversity Scholarship

AUD 18,000

Graduate Academic Excellence International Scholarship

25% waiver on tuition fees

UTS Vice-Chancellor’s International Graduate Scholarship

A full waiver on UTS Tuition fees

Scope of Finance in Australia post Master degree

The scope of a master of finance degree in Australia is tremendous. One can work in several finance-related roles in the following financial institutions. 

  • Banks
  • Investment institutions
  • 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
  • Capital market dealers
  • Financial planning consultancies.

Job Title

Range

Average

Financial Analyst

AU$65k - AU$112k (Estimated *)

AU$84,127

Financial Advisor

AU$57k - AU$161k (Estimated *)

AU$88,992

Business Analyst, Finance/Banking

AU$54k - AU$94k (Estimated *)

AU$71,651

Accountant

AU$46k - AU$96k (Estimated *)

AU$65,278

Senior Financial Analyst

AU$94k - AU$147k (Estimated *)

AU$117,478

Financial Planner

AU$48k - AU$129k (Estimated *)

AU$73,871

Financial Controller

AU$72k - AU$150k (Estimated *)

AU$107,186

Treasury Analyst

AU$73k - AU$128k (Estimated *)

AU$96,998

Marketing Manager

AU$56k - AU$107k (Estimated *)

AU$76,884

Financial Manager

AU$55k - AU$100k (Estimated *)

AU$74,001

Office Manager

AU$51k - AU$102k (Estimated *)

AU$68,329

Operations Analyst

AU$58k - AU$86k (Estimated *)

AU$70,416

Financial Accountant

AU$70k - AU$123k (Estimated *)

AU$92,021

Finance Manager

AU$73k - AU$142k (Estimated *)

AU$102,073



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