Banking and Finance - B6004

Banking and Finance

Expert master degree

The Master of Banking and Finance is a comprehensive master's degree that will give you a thorough understanding of the banking and finance industry.

The course develops your expertise across key areas of contemporary banking, such as portfolio management, money markets, financial management, bank lending, and risk management.

By connecting research and practice, the Master of Banking and Finance enables you to develop a deep understanding of the core role of the global banking industry, and provides practical opportunities to apply your knowledge.

The course positions you for a successful career by developing your theoretical knowledge and strengthening your critical thinking, communication and market research skills.

Our flexible course delivery also allows you balance work and study commitments. The Master of Banking and Finance can be undertaken full or part time, with day and evening classes available.

Graduates typically find work in banks, insurance companies or other institutional settings, in both Australia an internationally.

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At a glance

Course Details

  • On-campus at Clayton: Full time
Duration 1, 1.5 or 2 years full-time depending on prior qualifications. See entry requirements.
Start date Semester One (February), Semester Two (July)
Qualification Master of Banking and Finance
Course Handbook

Entry Requirements

You need to satisfy the following entrance requirements to be considered for entry to this course.

Minimum Entry Requirements (International students)


Entry level 1: 96 points to complete
Duration: 2 years full-time, 4 years part-time

Must have completed an Australian bachelor degree (or equivalent) and achieved a weighted average mark (WAM) of 60% or an equivalent grade point average (GPA) as determined by the faculty Applicants will be ranked and selected based on their entire academic record.

Entry level 2: 72 points to complete
Duration: 1.5 years full-time, 3 years part-time

Applicants must have completed an Australian undergraduate degree (or equivalent) or an Australian graduate certificate (or equivalent) in a cognate discipline with a WAM of 60% in either qualifications, or qualifications/experience or satisfactory substitutes that the faculty consider to be equivalent, or A four year Australian undergraduate honours degree or equivalent with a WAM of 60% or qualification/experience or satisfactory substitute that the faculty considers to be equivalent
Entry level 3: 48 points to complete
Duration: 1 year full-time, 2 years part-time
Applicants must have completed an Australian undergraduate honours degree (or equivalent) in a cognate discipline with a WAM of 60%, or qualification/experience or a satisfactory substitute that the faculty considers to be equivalent, which has not been used as a basis for entry

English entry requirements

IELTS: 6.5 overall (no band lower than 6.0); or

TOEFL Paper-based test: 550 with a TWE of 4.5; orTOEFL Internet-based test:score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B6004

Semester two (July)

Apply directly to Monash using course code B6004

Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer...

Self assess for credit eligibility

Check for study credit using the "Credit search" link on the Credit for prior study page


Fees are subject to change annually.

International fee

Fees are per 48 credit points which represents a standard full-time course load for a year.



We offer over 200 types of scholarships, valued at up to $70,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Enrolment Obligations

International students enrolling in a CRICOS-registered course can study no more than 25% of their course by distance and/or online learning. Students cannot enrol exclusively in distance and/or online learning study in any compulsory study period. See standard 9.4 of The National Code 2007.

CRICOS code: 079580M

The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies.  All students complete Part B.  Depending upon prior qualifications, you may receive credit for part A or part C or a combination of the two.