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Master of Finance (Enhanced) (MC-FINENH)
Masters (Coursework)Year: 2024 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 | 2024 — 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 in an academically rigorous, practically orientated and globally relevant manner.
Entry requirements
Start Year Intake 2024
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).
Notes:
- 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
Mid-Year Intake 2024
1. In order to be considered for entry, applicants must have completed:
- an undergraduate degree with a major in finance, or with a major sequence in Finance, which includes the following subjects: Financial Accounting, Corporate Finance, Investments and Derivative Securities or equivalent.
- 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.
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 7 is required (with no individual band less than 6.5)
Notes:
- To meet prior study requirements, students must have completed, as part of their undergraduate studies, the following subjects: Financial Accounting (ACCT10002), Corporate Finance (FNCE20005), Investments (FNCE30001) and Derivative Securities (FNCE30007) or equivalent.
- Applicants without a prior degree majoring in Finance will be excluded from entry to this degree. Subject to meeting entry requirements, applicants are encouraged to apply for the Master of Management (Finance)
- 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)
Inherent requirements are the abilities, knowledge and skills needed to complete this course that must be met by all students. For information on the inherent requirements specific to this course contact the course/program coordinator. In some circumstances reasonable adjustments may be available to enable students to meet these requirements while still preserving the academic integrity of the university's learning, assessment and accreditation processes. For more information on how to seek these adjustments refer to the Student Equity and Disability Support website: https://services.unimelb.edu.au/student-equity/home
Intended learning outcomes
On successful completion of the degree, students will have achieved the following 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 (On Campus - 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 1 (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 |
FNCE90081 | Applied Research Project | Semester 1 (On Campus - Parkville) |
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 (On Campus - 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 | Semester 2 (On Campus - Parkville) |
12.5 |
BUSA90473 | Business Practicum |
Summer Term (Off Campus)
July (Off Campus)
|
12.5 |
BUSA90485 | Global Business Practicum |
January (Off Campus)
June (Off Campus)
November (Off Campus)
|
12.5 |
MGMT90146 | Strategic Management |
Summer Term (On Campus - 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 2024 | 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