Masters in Finance and Banking in Australia

Masters in Finance and Banking in Australia

Pursuing MS in Finance in Australia for International students offers them an array of courses to select based on their interests and career objectives. Most Australian universities accept a typical bachelor's degree qualification from recognized colleges as an eligibility requirement for these programs. This opens doors for students to specialize in various areas during their postgraduate programs, making it a prudent choice for those looking to advance their career prospects in the banking and finance sectors. One enticing aspect for international students considering Masters in Finance in Australia is the prospect of securing lucrative job opportunities through campus placements. The finance industry, with global players actively seeking talent, attracts top universities in Australia, making it an attractive option for students worldwide. Moreover, as the medium of instruction is English, students from any part of the world can confidently pursue a banking and finance career in Australia, further enhancing the country's appeal as a prime educational destination. At the end, students can expect the following course learning outcomes after completing their Masters in Banking and Finance in Australia

• Showcase expertise in a comprehensive understanding of global financial principles and practices, incorporating research methodologies specific to finance.
• Utilize critical thinking and technical expertise to effectively resolve real-world financial challenges.
• Exhibit proficient communication abilities and a collaborative approach in a team setting.
• Independently initiate, strategize, and execute significant projects, meeting predetermined objectives within the finance domain.
• Justify financial choices and assessments, addressing intricate problems while considering their ethical and societal implications.
• Possesses advanced comprehension within a structured and cohesive body of knowledge regarding banking and finance law. This encompasses the acquisition and application of legal knowledge and skills related to financial products, services, instruments, and sophisticated financial strategies. Understand how key legal concepts underpinning these transactions can be employed to align with commercial objectives.
• Demonstrate advanced cognitive, technical, and communication skills, enabling critical analysis, evaluation, and effective conveyance of information. Generate innovative ideas and solutions to intricate issues, both theoretically and practically, within the subjects studied in banking and finance law.
• Apply acquired knowledge and skills to showcase independence, well-honed judgment, adaptability, and responsibility as a practitioner or learner within the realm of banking and finance law.

GoAustralia is the leader among the Australian overseas education consultancies in India, our 250+ Australian education experts are certified and well-trained. We can help you explore a smooth admission process to a top Australian University. Get in touch with us soon!

Masters Courses in Finance and Banking in Australia

The Masters in Finance Courses Australia is an advanced academic program at the postgraduate level, providing students with the essential knowledge and skills required for a career in the accounting and finance sector. The program encompasses a diverse array of subjects, including financial accounting, management accounting, corporate finance, and investment banking.

There are a variety Postgraduate Finance courses in Australia for international students :

• Master of Finance
• Master of Applied Finance
• Master of Financial Management
• Master of Accounting and Finance
• Master of Investment Banking
• Master of Risk Management

These Finance Masters Programs in Australia are thoughtfully designed to equip students with the specialized knowledge and skills necessary to excel in their chosen areas within the finance domain. Recognized and valued by employers, these programs pave the way for successful careers in the finance industry.

Typically spanning two years, the MSc Accounting and Finance in Australia courses combine coursework and research, providing students with a comprehensive learning experience. With guidance from experienced academics and industry professionals, students also have the opportunity to gain practical exposure through internships and work placements.

Application timelines for Masters in Finance programs in Australia vary across universities. Nonetheless, most universities offer two intakes annually, in February and July. The February intake is highly favored as it aligns with the start of the academic year, allowing students to commence their studies promptly. On the other hand, the July intake caters to those who require additional time for application preparation or prefer to begin their studies later in the year.

For prospective students, it's important to note that application deadlines for Masters in Finance programs in Australia vary by university.

• February intake : Typically falls between October and November
• July intake : Generally falls between May and June

To know additional information, get in touch with our GoAustralia experts.

Below is the list of top courses for Masters in Finance and Banking in Australia.

Finance and Banking Curriculum in Australia

The MSc Finance in Australia syllabus is designed to facilitate entry into the banking and finance industry, even for individuals new to this field. It offers a comprehensive understanding of the banking and finance sector, enhancing knowledge about financial institutions and providing practical opportunities to apply this knowledge.

This Masters in Finance in Australia curriculum covers critical aspects such as portfolio management, lending and risk management, money markets, and financial management. It aims to equip students with practical skills like critical thinking and effective communication, which are immediately applicable as they begin to build their careers in the dynamic banking and finance sector.

To earn a Master of Finance, students need to successfully complete 16 units of study, totaling 200 credit points. This comprises four foundation units (50 credit points), eight core units (100 credit points), and a choice between one specialization or four elective units (50 credit points). Depending on their previous qualifications and relevant work experience, students might be eligible for exemptions from specific units.

The core units are vital components of the program and cover a range of key areas, you can find the common subjects in Masters in Finance course structure in Australia

• Accounting Systems and Reporting
• Economics
• Business Modelling and Analysis
• Corporate Financial Management
• Modern Finance Issues
• Business and Entity Valuations
• Capital Markets
• Derivatives and Risk Management
• Portfolio Management
• Alternative Investments
• Ethics and Behavioral Finance Research
• Fixed Income Securities

Students are required to complete all core units, ensuring a well-rounded understanding of various aspects of finance and banking. However, exemptions may be considered for individuals with relevant prior qualifications or work experience, subject to evaluation and approval by the Course Director and Postgraduate Director in the respective institutions. GoAustralia can give you a clear idea of the course structure, curriculum, syllabus and subjects in the specialization that you choose.

English Requirements for Masters in Finance and Banking in Australia

For individuals aspiring to study in Australia, showcasing proficiency in the English language by meeting the Minimum English Language Requirements for Masters in Finance in Australia is essential. These assessments evaluate an applicant's competence in comprehending, communicating, reading, and writing in English, ensuring their effective engagement in an academic environment. Below are the Accepted English tests for Masters in Finance in Australia and their respective minimum scores.

• IELTS - Most Master of Finance programs in Australia typically require a minimum overall IELTS score of 6.5, with no individual band falling below 6.0. However, it's important to note that these standards may slightly vary depending on the specific university and program.
• PTE Academic (Pearson Test of English Academic): Typically, the minimum accepted PTE Academic score for Masters in Finance programs hovers around 58 to 65. However, slight variations may exist depending on the specific university requirements.
• Cambridge English: Advanced (CAE): The minimum accepted CAE score often falls within the bracket of 176 to 184, indicating a proficiency level corresponding to C1 Advanced.
• Cambridge English: Proficiency (CPE): The Minimal English Scores for Master in Finance in Australia for CPE score typically ranges from 176 to 200, signifying a C2 Proficiency level.

It's important to highlight that the precise minimum scores may vary not only between universities but also across various specializations within the same university. Moreover, some institutions might have distinct requirements or may consider alternative English language proficiency tests. Hence, it is imperative for prospective students to meticulously review the admission criteria of the specific Master of Finance program they intend to apply for and confirm the stipulated English language proficiency scores. And you can do it with GoAustralia. We can provide you with all the information about English Language requirements for the University that you wish to study in.

The English language requirement for MS in Finance and Banking in Australia is given below:

PTE Requirements for Masters in Finance and Banking in Australia

The Pearson Test of English (PTE) is widely accepted by all universities in Australia as an alternative English language proficiency assessment. The PTE Academic test is a computer-based English language test that is taken in a single sitting and lasts for approximately 3 hours. It is scored on a scale of 0 to 90, with a higher score indicating a higher level of English proficiency. A score of 65 or higher is generally required for admission to most Australian universities. It evaluates a candidate's English communication abilities in an academic environment. The assessment is divided into four key sections: reading, writing, listening, and speaking.

The Minimum PTE Score Requirement for Master of Finance in Australia can vary based on the specific university and specialization. However, most universities typically mandate minimum overall PTE scores for Master of Finance in Australia is 65, with no individual band falling below 59.

When applying to a Master of Finance program in Australia, it is crucial to know about their precise PTE score requirements. This ensures that students meet the university's expectations and enhances their prospects of successful application. You can check the PTE scores for Master of Finance in Australia with GoAustralia as we are well-informed of the latest score requirements at each university in Australia.

In addition to understanding the PTE requirements, here are some helpful tips for prospective applicants to Master of Finance programs in Australia:

• Initiate the application planning process early to have ample time to collect all necessary documents and craft compelling personal statements and recommendation letters.
• Research the diverse Master of Finance programs available in Australia and select those that align with your specific interests and career objectives.
• Ensure you meet the eligibility prerequisites of the programs you intend to apply for.

Get in touch with us for more information regarding the PTE scores to study at top Australian Universities.

Check the PTE Score range for each University for MS in Finance and Banking in Australia in the list below:

Salary for Masters in Finance and Banking in Australia

The Starting salary for Masters in Finance in Australia graduates is shaped by a variety of factors such as the industry they enter, the specific company they join, and their individual professional experience. The graduates can reasonably expect to commence their professional journey with an annual average salary after Masters in Finance in Australia from approximately AUD 70,000 to AUD 100,000.

To provide a more detailed overview, here's a breakdown of anticipated starting salaries across various industries for Master of Finance graduates:

• Investment Banking: Graduates stepping into roles within the investment banking sector usually command a starting salary in the competitive range of AUD 90,000 to AUD 120,000/year.
• Commercial Banking: As for those entering commercial banking, the typical starting salaries fall within the bracket of AUD 70,000 to AUD 90,000 annually.
• Financial Planning: Those embarking on a career in financial planning can expect to begin their professional journey with a starting salary ranging from approximately AUD 60,000 to AUD 80,000 annually.
• Accounting: For Master of Finance graduates venturing into the field of accounting, the starting salary typically ranges from around AUD 60,000 to AUD 70,000 per annum.
• Consulting: Graduates setting foot in consulting roles generally commence their careers with a starting salary ranging between AUD 70,000 and AUD 90,000.

On average, Freshers salary after Masters in Finance in Australia can be approximately AUD 90,000. This figure notably surpasses the average annual salary of all graduates in Australia, which typically stands at around AUD 65,000. To know more about the average annual salary of Masters in Finance and banking graduates in Australia, the scope of the Finance industries and the return on Fee invested reach out to our GoAustralia experts. We can clear all your doubts!

Job Role of MS in Finance and Banking in Australia

The Master of Finance and Banking graduates are highly sought after in Australia due to the robust scope and demand within the financial sector, a pivotal component of the Australian economy that engages a substantial workforce, employing over 1 million individuals.

Several compelling factors contribute to the increasing demand for these graduates. Firstly, Australia's expanding economy fuels a surge in demand for financial services. Secondly, substantial government investments in infrastructure and diverse projects create fresh prospects for finance professionals. Lastly, the financial landscape in Australia is evolving in complexity, prompting businesses to seek adept finance professionals proficient in navigating this intricate domain.

Find some of the Job opportunities after Masters in Finance in Australia below

• Financial Analyst: Involved in collating, analyzing, and interpreting financial data to aid informed business decisions.
• Investment Banker: Collaborates with businesses to secure capital and provides guidance on mergers and acquisitions.
• Commercial Banker: Works closely with businesses, offering loans and various financial services.
• Personal Banker: Provides financial advice and services like loans, mortgages, and investment products to individuals.
• Financial Planner: Assists both individuals and businesses in setting and accomplishing their financial objectives.
• Accountant: Prepares and analyzes financial statements, offering tax advice as well.
• Auditor: Reviews and validates the financial statements of businesses.
• Risk Analyst: Evaluates and manages the financial risks faced by businesses.
• Compliance Officer: Ensures businesses adhere to all relevant laws and regulations.
• Portfolio Manager: Invests funds on behalf of clients, whether individuals or institutions.
• Trader: Engaged in buying and selling financial securities such as stocks and bonds.

The broad array of opportunities showcases the promising future for graduates in the Master of Finance and Banking programs in Australia. The dynamic nature of the financial sector ensures a multitude of avenues for specialization and career advancement. Apply with GoAustralia so that you study at the Top University of your dreams and achieve the best for your future.