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.
Upon completing their degree, 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.
The salary of these job positions ranges from AUD 50,000 per year to AUD 100,000 and more.
Follow this guide to learn about the Master of Finance in Australia, including top universities, tuition fees, entry requirements and jobs upon graduation.
Why Study a Master of Finance in Australia?
- GRE/GMAT Scores are not needed in most universities.
- In many institutes, you can finish this course in a shorter period- 1 to 1.5 years.
- 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
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Talk to an ExpertMasters 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 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 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 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 an 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 |
