University of Melbourne
Master of Finance
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 12 months
- Course Type: Master's
Get equipped with specialist technical knowledge that prepares you for a career in the ever-evolving finance sector.
Course overview
Melbourne Business School’s new Master of Finance has been designed to equip you with specialist technical knowledge that goes well beyond an undergraduate degree, preparing you for a career in the ever-evolving finance sector.
The Master of Finance degree aims to provide graduates with detailed knowledge of the operations and activities of financial markets, an understanding of financial management principles and their application to financial policy, a comprehensive understanding of Australian and international financial markets, a comprehensive knowledge of various asset classes and the operation of the markets in these asset classes, and an applied knowledge of specialised aspects of the finance industry.
CSP Subsidised Fees Available
This program has a limited quota of Commonwealth Supported Places (CSP). The indicative CSP price is calculated based on first year fees for EFT. The actual fee may vary if there are choices in electives or majors.
Key facts
July, 2026
What you will study
The degree requires a completion of 150 points, comprised of:
- Four compulsory subjects
- At least four core subjects
- Two capstone subjects
- Up to two elective subjects
Students must complete the following four compulsory subjects:
- Quantitative Analysis of Finance I
- Economics of Finance
- Financial Statement Analysis
- Financial Markets and Instruments
Entry requirements
Academic requirements
To be considered for entry into this course, you must have completed both of the following:
- An undergraduate degree with a major in finance or with a major sequence in finance that includes the following subjects:
- Financial Accounting (ACCT10002) or equivalent.
- Corporate Finance (FNCE20005) or equivalent.
- Investments (FNCE30001) or equivalent.
- Derivatives Securities (FNCE30007) or equivalent.
- The Graduate Management Admissions Test (GMAT) or Graduate Records Examination (GRE), unless you have completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GMAT or GRE exemption.
If you have satisfied all the requirements for a Master of Finance offer, except for the Derivative Securities subject, you may be made an offer conditional upon completing an online intensive version of this subject prior to commencement of the course.
If you do not have a prior degree majoring in finance you are excluded from entry to this degree. Instead, you are encouraged to consider the Master of Management (Finance).
English language requirements
All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test.
If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:
- IELTS (Academic) – 7.0 overall, with no band less than 6.5.
- TOEFL IBT – minimum score of 94, with writing 24; speaking 20; reading 19; listening 20.
- PTE – minimum score of 72, with written communicative skill of 65 and no other communicative skill below 64.
- Cambridge – minimum score of 185, with no skill less than 176.
Recognition of Prior Learning
Prior studies may be credited towards your degree and potentially reduce the duration of your course. This is known as Advanced Standing (also known as credit or recognition of prior learning). Contact the university for more details.
Outcomes
Career outcomes
Graduates of the new Master of Finance will forge international careers in the finance industry applying their technical skills to the areas of:
- Investments
- Banking
- Corporate advisory
- Financial analysis
Learning outcomes
As a graduate of the Master of Finance you’ll be:
- Knowledgeable across a variety of finance specialisations including financial markets, corporate finance, investment management, quantitative finance and financial technology.
- Skilled in analysing and solving complex financial problems.
- A critical thinker, aware of the contribution of financial theory to sound financial decision making in practice.
- An effective communicator of financial concepts and ideas to both specialist and non-specialist audiences.
- An effective team member through participation in collaborative exercises.
- Adept at retrieval and manipulation of financial information and data from a variety of sources.
- Aware of the importance of applying high ethical standards in professional practice.
Fees and CSP
Estimated first-year fee in 2025: From $8,944 (Commonwealth Supported Place)
Indicative first-year fee in 2026: $37,984 (domestic full-fee paying place)
Indicative total course fee in 2026: $58,876 (domestic full-fee paying place)
Unless otherwise noted, the indicative total course fee shown above assumes a study load of 1 EFTSL (equivalent full-time student load) commencing semester one of the listed year, except for courses with a duration of less than 1 EFTSL.
Fees are subject to annual review by the University, with any new rates effective from the beginning of each calendar year.
A student’s fee may vary depending on:
- The number of subjects studied per term.
- The choice of major or specialisation.
- Choice of subjects.
- Credit from previous study or work experience.
- Eligibility for government-funded loans.
You may also need to pay the student services and amenities fee.
Commonwealth Supported Places
The Australian Government allocates a certain number of CSPs to the universities each year, which are then distributed to students based on merit.
If you're a Commonwealth Supported Student (CSS), you only need to pay some of your tuition fees. The student contribution amount is the balance once the government subsidy is applied. This means your costs are much lower.
Limited CSP spaces are offered to students enrolled in selected postgraduate courses.
Your student contribution amount is:
- Calculated per the subjects you're enrolled in.
- Dependent on the study areas they relate to.
- Reviewed and adjusted each year.
HECS-HELP loans are available to CSP students to pay the student contribution amount.
FEE-HELP loans are available to assist eligible full-fee paying domestic students.