Applied Econometrics and Advanced Finance - B6043

Applied Econometrics and Advanced Finance

Master's degree/Master's degree

Are you a finance professional looking to progress your career pathways in quantitative finance? This double degree grows your understanding of global financial markets and investment – along with your specialist skills in financial modelling, forecasting, big data and analytics giving you a unique edge in investment banking, portfolio management, risk management and quantitative trading and research.

Over the course of this two-year double degree, you’ll advance your training in econometrics and quantitative analysis to solve finance and economic challenges. This includes building on your ability to critically analyse, solve problems and develop innovative solutions to a range of contemporary business issues – especially those that influence the finance industry.

The program will sharpen your understanding of financial markets and investments, valuation, trading and risk management, as well as ethics, environmental and corporate social responsibility. You’ll also have the chance to explore in-depth investment banking, asset management and financial technology and sustainability.

With so much of the industry influenced by quantitative data and modelling, you’ll gain a critical edge through specialist training across in-demand econometric skills, including empirical modelling, forecasting data analysis and more. Learning from and working with global leaders in the field, you’ll complete the two-year program more capable of working with the numbers – and using them to make a positive impact in business.

Ready to take a rewarding career in finance to the next level?

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At a glance

Course Details

Location
  • On-campus at Caulfield: Full time & part time
Duration
  • 2 years (full time)
  • 4 years (part time)
Start date
 First semester (February) and Second semester (July)
Qualification
 Master of Advanced Finance, Master of Applied Econometrics
Fees

Information about fees

Course Handbook

Over the course of the program you’ll become more familiar with the latest econometric, statistical and data analytics tools. More specifically, how you can use these tools to apply data-driven solutions in areas including empirical economics and finance, risk analysis, forecasting, health economics, energy, and climate change.

The course will further your expertise in one of the following themes:

  • Macro and financial econometrics
  • Micro and health econometrics
  • Data analytics for energy and climate

At the same time the Master of Advanced Finance will give you insights into the industry – and provide you with the opportunity to explore areas as diverse as fintech, environmental finance and big data.

CFA Affiliation

Monash University is part of the CFA Institute University Affiliation Program and the Master of Advanced Finance is recognised by the CFA Institute, the global association for investment professionals that awards the Chartered Financial Analyst® (CFA) designation.

This means the Master of Advanced Finance course covers a minimum of 70 percent of all three topic levels of the CFA Program Candidate Body of Knowledge, thus assisting students in preparing for the CFA exams.

Please select a specialisation for more details:

Entry Requirements

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

Minimum Entry Requirements (Domestic students)

Qualifications

An Australian bachelor degree (or equivalent) with a major or minor* in finance with at least a high credit (65%) average or equivalent Grade Point Average (GPA) and must have passed a 1st year statistics or mathematics unit or equivalent.

or

An Australian bachelor degree (or equivalent) and having passed the level I CFA examination or equivalent membership of a recognised professional finance program.

*A minor is at least four units (equivalent to 24 Monash credit points).

English requirements

Applicants must also meet the English language requirements.

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

The course structure and progression map can be viewed in the Handbook.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code B6043.

Apply

Semester two (July)

Apply directly to Monash using course code B6043.

Apply

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.

Full fee

Fees are per 48 credit points which represents a standard full-time course load for a year. The fees for 2026 are:

A$38,000

Fee assistance

As a full fee-paying student, you may be eligible to apply for the optional FEE-HELP to assist you to pay all or part of your tuition fees.

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.