Banking and Finance

Monash University

About Banking and Finance

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 will 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 will 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.

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 and internationally.

Entry Requirements

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). 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 bachelor degree (or equivalent) in a cognate discipline with a WAM of 60, or equivalent qualifications and experience approved by the faculty.

An Australian graduate certificate (or equivalent) in a cognate discipline with a WAM of 60, equivalent or qualifications and /experience approved by the faculty.

A four-year Australian bachelor honours degree (or equivalent) with a WAM of 60 or equivalent qualification and experience approved by the faculty

Successful completion of a Monash University Graduate Certificate of Business

Entry level 3:
48 points to complete
Duration: 1 year full-time, 2 years part-time

An Australian bachelor honours degree (or equivalent) in a cognate discipline with a WAM of 60, or equivalent qualification and experience approved by the faculty, 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 50

TOEFL 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.

English Program Requirements

You can meet English entry requirements if you have completed an English subject in your prior secondary studies that is equivalent to an Australian Year 12 level (score requirements also apply). Acceptable English subjects for international qualifications are detailed in the prerequisite subject requirements section below. Other English subjects may be accepted and are assessed on a case by case basis.

English Requirements

Min IELTS: 7
Min TOEFL: 94

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Course Summary

Study level

Postgraduate

Discipline

Business and Management

Cricos

079580M

Duration

2 years

Study mode

On Campus

Fee*

A$50,000 per year

University Summary

AU Ranking: 6

QS Ranking: 55

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