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It really depends on what kind of finance you’re after and how long you plan to stay in Australia.
• For quant roles or risk-focused jobs, UNSW’s Master of Financial Analysis or Master of Commerce (Finance) is a better fit. Their grads often end up in roles like financial risk analyst, regulatory reporting, and data-driven finance roles in Big 4 and banks.
• UNSW also has strong ties to Sydney’s finance scene, which is where most of the high-paying jobs are. Average salaries fall in the AUD 75,000–90,000 range post-Master’s.
• ROI-wise, costs are similar to Melbourne (AUD 60–65K total), but UNSW offers slightly better industry exposure and internship programs, especially through their co-op partnerships.
• Macquarie University is more applied and industry-driven. Not as academically prestigious, but better connected to commercial banking, wealth management, and superannuation roles. Salaries start around AUD 65,000–80,000, but job placement is often faster for practical roles.
If you want global recognition + research depth, go Melbourne. If your goal is to break into Sydney’s finance market and prefer applied learning, UNSW or Macquarie might get you there faster.
For more details you can read this blog on "Best MFin Colleges in Australia"
