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Master of Finance (Enhanced) (MC-FINENH)
Masters (Coursework)Year: 2023 Delivered: On Campus (Parkville)
About this course
Contact
Currently enrolled students:
- General information: https://ask.unimelb.edu.au
- Contact Stop 1
Future Students:
- Further information: mbs.unimelb.edu.au
- Submit an enquiry
Director
Andre Gygax
Overview
Award title | Master of Finance (Enhanced) |
---|---|
Year & campus | 2023 — Parkville |
CRICOS code | 0100877 |
Fees information | Subject EFTSL, level, discipline and census date |
Study level & type | Graduate Coursework |
AQF level | 9 |
Credit points | 200 credit points |
Duration | 24 months full-time or 48 months part-time |
The Master of Finance (Enhanced) (MC-FINENH) is designed for students with a Bachelor of Commerce, or equivalent, with extensive previous finance studies to undertake a broader and more comprehensive training in finance than is feasible within an undergraduate degree. The course aims to equip graduates with the necessary technical skills and knowledge for a professional career in a finance industry characterised by increasing complexity and change. The course will cover advanced material on financial markets and financial decision making which is academically rigorous, practically orientated and globally relevant.
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 (12.5 points each) in Accounting (level 1), Corporate Finance (level 2), Investments (level 3) and Derivatives (level 3) 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. Applicants are required to satisfy the university’s English language requirements for graduate courses. For those applicants seeking to meet these requirements by one of the standard tests approved by the Academic Board, performance band 6.5 is required overall (writing band no less than 6.5, other bands no less than 6.0).
Note:
- Students who discontinue from the Master of Finance (Enhanced) but have successfully completed 100 points of the Master of Finance (Enhanced) including completion of the four compulsory subjects, will be eligible to receive the Graduate Diploma in Finance as an exit award.
- Students who discontinue from the Master of Finance (Enhanced) but have successfully completed the requirements of the 150 point Master of Finance will be eligible to receive the Master of 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 prsevent them from participating in tasks involving the inherent academic requirements of the BCom and FBE Masters courses are encouraged to contact Student Equity and Disability Support. Adjustments can be provided to minimise the impact of a disability, but students should participate in the course in an independent manner.
Intended learning outcomes
- Describe the key features of the global financial system.
- Demonstrate a deep understanding of the fundamental principles of finance across a variety of specialisations including financial markets, corporate finance, investment management, quantitative finance and financial technology.
- Explain the role of finance and the finance industry in the broader economy.
- Identify, source, manipulate and analyse data and other information necessary for making financial decisions.
- Analyse and solve complex financial problems.
- Critically evaluate alternative financial theories, propositions and arguments.
- Communicate financial concepts and ideas to both specialist and non-specialist audiences.
- Apply financial concepts, theories and methodologies to formulate sound financial policies for individuals, corporations, governments and other agencies.
- Assess recent developments in the finance industry and professional practice.
Generic skills
- Oral and written communication
- Problem solving
- Application of theory to practice
- Team work
- Critical thinking
- Evaluation of data
Graduate attributes
On successful completion of this degree graduates will be:
- Knowledgeable across a variety of finance specialisations including financial markets, corporate finance, investment management, quantitative finance and financial technology.
- Skilled in analysing and solving complex financial problems.
- Critical thinkers aware of the contribution of financial theory to sound financial decision making in practice.
- Effective communicators of financial concepts and ideas to both specialist and non-specialist audiences.
- Effective team members through participation in collaborative exercises.
- Adept at retrieval and manipulation of financial information and data from a variety of sources.
- Aware of the importance of applying high ethical standards in professional practice.
Course structure
The Master of Finance (Enhanced) requires successful completion of 200 points which includes four compulsory subjects, at least four core subjects and two capstone subjects. The course can be taken over four semesters of full-time study (or eight semesters of part-time study). The first semester of study comprises the four compulsory subjects. The capstone subjects are usually taken in the second and third semesters of study. The Master of Finance (Enhanced) (MC-FINENH) degree extends the Master of Finance (MC-FINANCE) degree by allowing students to undertake an additional 50 credit points comprising international exchange, research project and or additional electives in a fourth semester of study.
Semester 1
(50 credit points)
Students must complete the following four compulsory subjects:
Code | Name | Study period | Credit Points |
---|---|---|---|
ECON90033 | Quantitative Analysis of Finance I |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
ECON90034 | Economics of Finance |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
ACCT90002 | Financial Statement Analysis |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90047 | Financial Markets and Instruments |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Semesters 2, 3 & 4
(50 credit points each semester)
Students must complete at least four of the following finance subjects:
Code | Name | Study period | Credit Points |
---|---|---|---|
FNCE90012 | Corporate Restructuring and Valuation |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90084 | Fintech: Foundations and Applications | Semester 2 (On Campus - Parkville) |
12.5 |
FNCE90080 | Applied Investment Management | Semester 2 (On Campus - Parkville) |
12.5 |
FNCE90083 | Data Analysis for Finance | Semester 1 (On Campus - Parkville) |
12.5 |
FNCE90082 | Applied Risk Management |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90057 | Ethics In Finance | June (Online) |
12.5 |
Students must complete the following two capstone subjects:
Code | Name | Study period | Credit Points |
---|---|---|---|
FNCE90085 | Communicating Current Issues in Finance |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
FNCE90013 | Case Studies in Finance |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Students may choose up to six of the following elective subjects:
Code | Name | Study period | Credit Points |
---|---|---|---|
FNCE90016 | International Financial Management |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90046 | Treasury Management |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90048 | Project Finance |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90049 | Property Development and Investment | Semester 1 (On Campus - Parkville) |
12.5 |
FNCE90064 | Emerging Markets Finance | Not available in 2023 | 12.5 |
BUSA90473 | Business Practicum |
Summer Term (On Campus - Parkville)
Semester 1 (Off Campus)
June (Off Campus)
|
12.5 |
BUSA90485 | Global Business Practicum |
Summer Term (Off Campus)
June (Off Campus)
November (Off Campus)
|
12.5 |
FNCE90081 | Applied Research Project | Semester 1 (On Campus - Parkville) |
12.5 |
MGMT90146 | Strategic Management |
Summer Term (Dual-Delivery - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
ECON90010 | Quantitative Analysis of Finance II | Semester 1 (On Campus - Parkville) |
12.5 |
BUSA90525 | Business and Economics Internship |
Summer Term (Off Campus)
Semester 1 (Off Campus)
Semester 2 (Off Campus)
|
12.5 |
FNCE90086 | Behavioural Finance | Not available in 2023 | 12.5 |
FNCE90087 | Sustainable Investment | Semester 2 (On Campus - Parkville) |
12.5 |
Or any other subject consistent with the course learning outcomes, as approved by the Program Director.
Last updated: 27 March 2024