The Master of Finance is a specialist finance degree that provides you with comprehensive training and knowledge that goes beyond a finance major in an undergraduate degree.
This is a practical career-oriented program providing you with a detailed knowledge of the operations and activities of financial markets both domestic and internationally. You will gain an understanding of financial management principles and their application to financial policy.
This program covers at least 70% of all 3 levels of the CFA Program Candidate Body of Knowledge topics, the CFA Institute ethical and professional standards and other CFA Program Partner requirements.
Throughout the program you are encouraged to participate in opportunities to connect with industry and improve your employability.
Requirements
Entry Requirements
Admission criteria
To be considered for entry into this course, you must have completed:
the Graduate Management Admissions Test (GMAT) or Graduate Records Examination (GRE), unless you have completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GMAT or GRE exemption.
If you have satisfied all the requirements for a Master of Finance offer, except for the Derivative Securities subject, you may be made an offer conditional upon completing an online intensive version of this subject prior to commencement of the course. Learn more about bridging subjects.
If you do not have a prior degree majoring in finance you are excluded from entry to this degree. Instead, you are encouraged to consider the Master of Management (Finance).
Meeting the published entry requirements for this course does not guarantee selection.
Where our admission criteria includes a minimum Weighted Average Mark (WAM) and/or specific subject criteria, these are based on University of Melbourne grades and subjects. If you've studied elsewhere, we'll assess your relevant prior studies and equivalent grades. Your final WAM may be adjusted depending on your previous institution's accreditation, subject grading, and pass marks.
Don't meet the prerequisite subject requirements?
You may have the option to enrol in specific single subjects through the University's Community Access Program, even if you are not enrolled in a course. Completing these prerequisite subjects may qualify you for entry into this course. This option is not available to student visa holders or applicants. Learn more about single subject study.
You can use our graduate coursework grade conversion eligibility calculator to get an indication of whether you are eligible for this course based on your previous studies and Weighted Average Mark (WAM).
All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test. If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:
English language test score requirements
If you need to undertake an English language test, you must meet one of the scores* below:
IELTS
7.0
with no band less than 6.5
TOEFL
94+
with writing 24; speaking 20; reading 19; listening 20
PEARSON
72+
with written communicative skill of 65 and no other communicative skill below 64
CAMBRIDGE
185+
with no skill less than 176
*Accepted tests: IELTS (Academic English Only); TOEFL Internet-based test; Pearson Test of English Academic; Cambridge English: Advanced/Certificate of Advanced English (CAE). If a test displays N/A, it means it is not accepted for this course.
About selection
When assessing applications, the Selection Committee will consider your previous studies and academic performance.
The Selection Committee may request additional information to clarify any aspect of an application, according to the University’s Academic Board rules regarding selection instruments.
Meeting the published entry requirements for this course does not guarantee selection.
English Program Requirements
All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test. If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:
English language test score requirements
If you need to undertake an English language test, you must meet one of the scores* below:
IELTS
7.0
with no band less than 6.5
TOEFL
94+
with writing 24; speaking 20; reading 19; listening 20
PEARSON
72+
with written communicative skill of 65 and no other communicative skill below 64
CAMBRIDGE
185+
with no skill less than 176
*Accepted tests: IELTS (Academic English Only); TOEFL Internet-based test; Pearson Test of English Academic; Cambridge English: Advanced/Certificate of Advanced English (CAE). If a test displays N/A, it means it is not accepted for this course.
Career
Graduates of the new Master of Finance will forge international careers in the finance industry applying their technical skills to the areas of:
Investments
Banking
Corporate advisory
Financial analysis
As a graduate of the Master of Finance you’ll 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
A critical thinker, aware of the contribution of financial theory to sound financial decision making in practice
An effective communicator of financial concepts and ideas to both specialist and non-specialist audiences
An effective team member 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
Professional Recognition
This program covers at least 70% of all 3 levels of the CFA Program Candidate Body of Knowledge topics, the CFA Institute ethical and professional standards and other CFA Program Partner requirements. Recognition as a CFA Affiliated University signals to students, employers and the marketplace that the university curriculum is closely tied to professional practice and is well suited to preparing students to sit for the CFA exams.
CFA Institute®
The University of Melbourne is a participant in the University Affiliation Program of the CFA Institute, the global association for investment professionals that awards the prestigious CFA designation. The Master of Finance covers at least 70% of all three levels of the CFA program candidate body of knowledge (CBOK) topics, the CFA Institute ethical and professional standards, and other CFA program partner requirements. Recognition as a CFA Affiliated University signals to students, employers and the marketplace that the university curriculum is closely tied to professional practice and is well suited to preparing students to sit for the CFA exams.
As part of the affiliation, students in the Master of Finance are eligible for scholarships, access to CFA Institute curriculums, journals, webcasts, and other educational resources.
CPA PROGRAM
CPA program graduates who enrol in the Master of Finance can receive credit for one of the following subjects:
If you are interested in pursuing a research pathway, you’ll need to have completed university level subjects in Calculus and Linear Algebra. If you have not previously studied these subjects, you may apply to the Master of Finance Program Director for permission to take Calculus 1 (MAST10005) and or Linear Algebra (MAST10007) as electives in your final semester of study. Permission will only be granted where your academic performance in the degree up to that point has been of a very high standard. Application to the Doctoral program will require you to maintain a very high level of academic success for the full duration of the Master of Finance.
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