Masters in Finance in Australia: Courses & Scope

6 mins

Due to its internationally known educational institutions, range of educational opportunities, and reduced cost of living, Australia is rapidly becoming a famous study abroad destination. Australia offers master's degrees in Finance: master of commerce (M.Com), master of Finance (M.Fin), and master of business. It covers various financial topics, covering theoretical and practical perspectives. In Australian institutions that offer master's degrees in Finance, a full-time program can be finished in one to one and a half years, while students can complete a part-time program in two to three years.


Most institutions demand a bachelor's degree in business, Finance, or a closely related field to be admitted. Students are more likely to be admitted to their chosen institution if they have IELTS or TOEFL scores over 7.0 or 90, respectively. Famous Australian institutions with master's in finance programs charge between 37,000 and 68,000 AUD in tuition. This cost varies from 20 to 37 lakh Indian rupees for students from India who want to pursue a master's degree in Finance in Australia. An accounting and finance student can expect an annual income of around 60,000 USD after graduation.


To learn more about the academic structure, the many types of MS degrees given by the best-ranked colleges, the most popular MS courses, postgraduate scholarships available, entrance requirements, and opportunities for international students, read the article below.

Why pursue a finance degree in Australia?

Every year, Australia welcomes thousands of international students. It would help if you pursue your master's degree in Finance in Australia for the following reasons:

  • Australia's banking and finance sector is well-established and comprises the following.
  • Including money management, taxation, the securities market, and financial planning in this course.
    The programs taught the most recent curriculum and were created in conjunction with experts in the Australian financial sector.
  • Victoria University, The Australian National University, The University of Sydney, The University of Melbourne, La Trobe University, and other top Australian institutions offer master's degrees in Finance.
  • Australia's banking industry is expanding quickly, which expands job opportunities for graduates seeking financing.
  • If you pursue a Ms in Finance in Australia, you will have the opportunity to discover how the global financial market functions.
  • The average annual salary for a professional in the financial industry in Australia with medium experience is AU$ 93,000, which is significantly more than the compensation of a professional with an equivalent profile in India.

Courses offered for MS in Finance in Australia.

Master of Business (MBA), Master of Finance (M.Fin), and Master of Commerce are the three main master's degrees in Finance that are typically provided in Australia. However, Australian students majoring in Finance also have the option of earning an MA or MS degree. Each of these degrees has a unique concentration centered on distinct financial courses.


The following describes the Master of Finance, Master of Business in Finance, and Master of Commerce in Finance course structures:

  • M.Com/M.Fin: The Master of Commerce with a major in Finance and the Master of Finance covers both theoretical and practical facets of Finance. As opposed to the Master of Finance, which is entirely focused on the finance discipline, the Master of Commerce also incorporates courses from the commerce field.
  • Master of Business: Financial management is the focus of this curriculum. Corporate Finance, security analysis, portfolio management, and trading and risk management are a few courses offered in the Master of Business's finance concentration.

Some Australian institutions offer applied Finance as a separate specialization, which deals with the practical application of Finance. Some of the courses offered in the Master of Applied Finance program include Equity Valuation and Analysis, Fixed Income Securities, Advanced Funds Management, Derivatives, and Ethical Principles in Finance & Accounting.


Top Universities for MS in Finance in Australia

The area of Finance and its specialized sections provide a wide variety of master's degrees, ranging from an MA to an MS. Here are the best institutions in Australia where you can pursue a master's in Finance, along with the most popular postgraduate finance programs and their concentrations:   

UniversityDuration   Course
University of Tasmania1.5 yearsMaster of Finance
Monash University-

Master of Financial Mathematics

Master of Advanced Finance

Swinburne University of Technology18 MonthsMaster of Finance and Banking
University of Sydney-Master of Commerce – Finance
University of Adelaide 2 yearsMaster of Management (Finance)
RMIT University1 yearMaster of Finance
Monash University1 yearMaster of Banking and Finance
University of Adelaide1 yearMaster of Applied Finance
University of Queensland1 yearMaster of International Economics and Finance
   University of New South Wales1 year

Master of Financial Analysis

Master of Business Administration- Finance

La Trobe University2 years Master of Accounting and Financial Management
   Victoria University2 yearsMaster of Business – Finance

 

According to the three most widely respected rankings on a worldwide scale, the top 5 institutions in Australia for master's programs are:

  • University of Melbourne: This institution is Australia's CEO factory. Their MBA program is ranked number one in Australia and number 27 in the entire globe. They own the oldest academic library on the continent, with 3.6 million items in their collections.
  • Australian National University: This university boasts stellar alums and students' most effective retention rate. Students can participate in advanced PG classes where Students can do research from the previous six months.
  • University of Sydney: The University of Sydney is one of eight significant Australian research universities. Seven Australian Prime Ministers, two Australian governors-general, nine state governors, four chief justices, and 24 judges of the High Court of Australia have all received their education there.
  • University of Queensland: This university, ranked among the top 100 in the world, is also a member of Group 8 institutions. Outstanding educators are an added benefit.
  • UNSW Sydney: The University of New South Wales is a public research institution that consistently receives a significant proportion of the state's top 500 applicants.

Admission Requirements for MS in Finance in Australia

  • A bachelor's degree
  • The necessary IELTS, TOEFL, and PTE scores
  • The necessary work experience or professional certifications are needed for the professional development master programs, which are courses to help you hone your professional abilities.
  • You could be requested a GRE or GMAT score in some subjects, such as business management.
  • You would require testimonials from your past employers or instructors.
  • There could be an interview for degrees that focus on research (through Skype)
  • A resume or cover letter

Scholarships for MS in Finance in Australia

The Australian government offers several financial programs to international students. The two main scholarship programs for master's students are:

Australia Grants Scholarships

These are available to international students from particular emerging nations. After receiving it, recipients must stay in their native country and work there for at least two years.

Endeavor Scholarships

These scholarships support educational exchanges between partners from a limited number of nations.


Both of these scholarships pay for the entire cost of tuition, travel, maintenance, OSHC (Overseas Student Health Cover), and an initial grant for the startup. Buddy4Study gives guidance and support for further information about scholarships for Indian students.

The Scope of MS in Finance in Australia

Numerous Australian colleges offer a few master's degrees in Finance to match the need in the employment sector. Students can search for employment in industries including banks and insurance companies, corporate management, brokerage firms, investment services, and international financial management after earning a master's degree in Finance in Australia. 

Therefore, in a period of rapid growth and strong demand, it is preferable to get a master's degree in Finance that will enable you to advance your career and earn more money. Depending on experience, talents, and the professional path selected, an accounting and finance graduate in Australia can expect to earn an average of 58,000 USD annually.

The following are the responsibilities and tasks of high-paying finance-related professions in Australia:

  • Financial Manager: A finance manager is responsible for managing financial data, keeping an eye on accounts, researching market trends, determining how to increase profitability, and creating financial projections.
  • Finance Executive: This managerial position includes duties like examining the budgets of all departments within an organization, assessing financial reports, and forecasting financial risks.
  • Inventory Accountant: As the name implies, an inventory accountant oversees the clients' financial inventories. It entails documenting the employer's transactions.
  • Financial Operations Manager: This person oversees a department's financial operations.
  • Manager of Financial Reporting: A financial reporting manager is responsible for ensuring the accuracy and conformity of all financial reports submitted by employers.

Since the master's in Finance can be earned in one to one and a half years and is accepted worldwide, students opt to study there. You can also apply for a temporary Australian visa, such as the Skilled Graduate Temporary Visa, or you can do so immediately if you want to start working in Australia after finishing your studies.

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