Which is better for jobs and ROI in Australia – MFin at University of Melbourne or MBF at Macquarie?

Question

S Raghav · Accepted Answer

If the goal is to break into competitive finance roles&mdash;like investment banking, asset management, or consulting&mdash;there&rsquo;s a noticeable gap in post-grad outcomes between these two programs.
&bull; Melbourne MFin grads land analyst roles at firms like Goldman Sachs, EY, and NAB, with average starting salaries around AUD 90,000, not including bonuses &bull; Macquarie MBF grads often go into risk, compliance, or financial analyst roles in industry or government, with average salaries closer to AUD 72,000&ndash;75,000 &bull; ROI is stronger at Melbourne, especially within 2&ndash;3 years, due to faster career progression in high-paying sectors &bull; Macquarie suits students looking for technical finance roles or industry transitions, but has less presence in investment banking or global finance &bull; Melbourne&rsquo;s brand and corporate links often give it the edge in competitive graduate programs and top-tier interviews
Both programs have value&mdash;but for high-paying, competitive finance roles, Melbourne delivers more traction.
For more details you can read this blog on "Melbourne MFin"

Divakshi Arora · Answer

When it comes to ROI and competitive finance jobs in Australia, the Master of Finance at University of Melbourne has a clear edge over Macquarie&rsquo;s MBF. Melbourne consistently ranks higher and its grads often secure roles in top-tier investment banks, Big 4 advisory, and asset management firms in Sydney and Melbourne.
According to Melbourne Business School&rsquo;s outcomes, MFin grads report an average base salary of AUD 85,000&ndash;95,000, with roles in corporate finance, risk, and consulting. The university&rsquo;s location and strong alumni network also open up more internship pipelines.
Macquarie&rsquo;s MBF, while respected, tends to place graduates in mid-tier banks, regulatory bodies, and internal finance roles, where starting salaries are typically in the AUD 70,000&ndash;78,000 range. It&rsquo;s a solid program, but if the goal is high-ROI jobs in competitive finance sectors, Melbourne offers stronger placement and upward mobility.