Master of Finance (MC-FIN)

Overview

Entry requirements

1. In order to be considered for entry, applicants must have completed:

• an undergraduate degree in a relevant discipline, or equivalent, with studies in Business Finance, Investments and Corporate Finance (37.5 points), or their equivalents;
• a personal statement outlining why they wish to be considered for the course; and
• the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GMAT or GRE exemption.

Meeting these requirements does not guarantee selection.

2. In ranking applications, the Selection Committee will consider:

• prior academic performance; and
• the GMAT or GRE score unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GMAT or GRE exemption; and
• the personal statement.

3. The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Academic Board rules on the use of selection instruments.

4. The minimum English language requirements for this course are Band 6.5.

Notes:

1. Students who successfully complete the Graduate Diploma in Finance may be eligible to progress to the Master of Finance with 100 points credit.
2. Students who discontinue from the Master of Finance but have successfully completed the requirements of the Graduate Diploma in Finance will be eligible to receive the Graduate Diploma in Finance as an exit award.

Inherent requirements (core participation requirements)

The Faculty of Business and Economics welcomes applications from students with disabilities. It is University and Faculty policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student’s participation in the Faculty’s programs.

The BCom and Masters degrees of the Faculty of Business and Economics equip graduates with the knowledge and technical skills necessary to understand and participate in the modern business world. The degrees include the following academic requirements for study:

(1) The ability to explain and evaluate concepts, theories, institutional arrangements and operations of modern mixed economies;
(2) The ability to critically evaluate the economy, commerce and business in the broader social and political context;
(3) The ability to explain and apply concepts across a range of commerce and business disciplines in solving business and policy problems; and
(4) The ability to contribute positively to the development of organisations and society in relation to business, government and the commercial professions.

All students of the Faculty’s courses must possess intellectual, ethical, and emotional capabilities required to participate in the full curriculum and to achieve the levels of competence required by the Faculty. Candidates for the BCom degree and for FBE Masters degrees must have abilities and skills in communication; in conceptual, integrative, and quantitative dimensions; and in behavioural and social dimensions.

I. Communication: The student must be able to communicate effectively and efficiently in oral and/or written form. A student must have the ability to clearly and independently communicate knowledge and application of a discipline, principles or practices during assessment tasks, and in some discipline streams.

II. Intellectual‐Conceptual, Integrative and Quantitative Abilities: The student is expected to have the ability to develop problem‐solving skills and demonstrate the ability to establish study plans and priorities. These abilities include measurement, calculation, reasoning, analysis, and synthesis. Problem solving requires all of these intellectual abilities. Students should also have the ability to comprehend complex disciplinary and cross disciplinary information related to the BCom and Masters degrees.

III. Behavioural and Social Attributes: A student must possess behavioural and social attributes that enable them to participate in a complex learning environment and the emotional health required for full utilisation of his/her intellectual abilities. Students are required to take responsibility for their own participation and learning. They also contribute to the learning of other students in collaborative learning environments, demonstrating interpersonal skills and an understanding of the needs of other students. Assessment may include the outcomes of tasks completed in collaboration with other students. Integrity, concern for others, interpersonal skills, interest, and motivation are all personal qualities that are deemed necessary for students enrolled in FBE courses.

Students who feel their disability will prevent them from participating in tasks involving the inherent academic requirements of the BCom and FBE Masters courses are encouraged to contact the Disability Liaison Unit. Adjustments can be provided to minimise the impact of a disability, but students should participate in the course in an independent manner.

Professional accreditation

This program covers 70% of all 3 levels of the CFA Program Candidate Body of Knowledge topics, the CFA Institute ethical and professional standards and other CFA Program Partner requirements.

Course structure

The degree is designed to be completed in two years of full time study and requires completion of 200 points. The first year has six core subjects of 12.5 points each and two 12.5 point elective subjects. The second 100 points of the program comprises four core subjects of 12.5 points each and elective subjects (worth 50 points in total).

Subject options

Year 1

Core subjects: Students must take a total of six core subjects

Choose all five of the following core subjects:

Note: FNCE90016 International Financial Management can be taken in Year 2 of the Master of Finance instead of in Year 1.

Choose one of the following two core subjects:

Elective subjects

Two elective subjects selected from:

Other Honours or Masters subjects as approved by the Academic Director of the program.

Please note:

If FNCE90056 Investment Management and FNCE90018 Corporate Financial Policy or equivalent subjects have not previously been taken, these must be included in the course of study (and preferably taken in the first semester). Your offer letter will note whether or not you are required to complete these subjects. 

Students who intend to apply for the finance PhD program - and who have satisfied all other entry requirements for the Master of Commerce (Finance), including GMAT requirements, but who have not already fulfilled the requirement to take Calculus and Linear Algebra, may apply for permission to take MAST10005 Calculus 1 or MAST10007 Linear Algebra as an elective in their second semester of study. Permission will only be granted where a student’s academic performance in their current program indicates a strong likelihood that they may be granted entry into the Master of Commerce (Finance) if their performance were to be maintained at that same level in subsequent semesters of study.

Year 2

Core subjects

Choose both of the following core subjects:

Capstone subjects

Choose both of the following capstone subjects:

Elective subjects

Choose elective subjects worth 50 points. (Students may complete up to 37.5 points of Year 1 electives as part of this requirement).

Year 2 electives:

Please note:

Students who include a Winter Semester subject as their final subject in the Master of Finance course may not be eligible to graduate from the program until after results are released in December of the same year.

Assessment

Students must pass all subjects to qualify for the Master of Finance; 100 points in the first year and 100 points in the second year.

Duration

A full-time student should complete the course in four consecutive semesters (two years) taking four subjects in each semester. A part-time student should complete the course in eight consecutive semesters (four years) taking two subjects in each semester. Part-time candidates should note that most subjects are offered during normal business hours.

Last updated: 18 December 2020