Banking and Finance - B6004

Banking and Finance

Expert master degree

Understand the changing financial world and be part of what comes next with a Master of Banking and Finance.

The Master of Banking and Finance will help you break into the banking or finance industry, even if you are new to it. You’ll gain a thorough understanding of the banking and finance sector, expand your knowledge of financial institutions and take advantage of practical opportunities to apply your knowledge.

In this degree, you’ll cover portfolio management and lending and risk management, as well as money markets and financial management.

Your degree will also come together to form a practical skill set – including critical thinking and communication skills – which you can put to use straight away as you build your career in the dynamic banking and finance sector.

At a glance

Course Details

Location
  • On-campus at Clayton: Full time
Note:

International students located in China can commence at Monash Suzhou in Semester 1, 2021 and then transition to Melbourne, Australia once travel restrictions are eased.

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

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.

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

Entry Requirements

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

Minimum Entry Requirements (International students)

Qualifications

Entry level 1:
96 points to complete

Duration: 2 years full-time, 4 years part-time

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

An Australian undergraduate degree (or equivalent) in a cognate discipline with a WAM of 60, or qualifications/experience or satisfactory substitute that the faculty consider to be equivalent

OR

An Australian graduate certificate (or equivalent) in a cognate discipline with a WAM of 60, or qualifications/experience or satisfactory substitute 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

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 to another course within the Monash Business School.

English entry requirements

Level A
IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0 Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21 Equivalent approved English test

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

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.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B6004

Apply

Semester two (July)

Apply directly to Monash using course code B6004

Apply

Closing date

Applications for semester two close 24 July 2020.

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

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.

A$45,800

Scholarships

We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Other costs and fees

For information on other study costs and fees, see other study costs.

Enrolment Obligations

International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.

CRICOS code: 079580M