Applied Econometrics and Advanced Finance - B6043
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?
At a glance
Course Details
Location |
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Duration |
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Start date |
First semester (February) and Second semester (July) |
Qualification |
Master of Advanced Finance, Master of Applied Econometrics |
Entry Requirements
You need to satisfy the following entrance requirements to be considered for entry to this course.
Minimum Entry Requirements (International 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 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 | or | Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50 | or | TOEFL iBT: 0 - 120 scale: 1 - 6 scale: | or |
Courses that require English Level A only: Other approved English tests (minimum entry scores apply) Courses with English Level B, C, D, E and F: Other approved English tests (higher entry scores apply than specified) |
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
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. The fees for 2026 are:
A$59,900
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: 112897M
International course guides
If you are an international student and wish to find out more about our courses, entry requirements, studying at Monash and more, please download our international course guides below.
International Study Grants
