Master of Finance

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.

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

Indicative annual fee in 2025: $36,992 (domestic full-fee paying place)

Indicative total course fee in 2025: $57,338 (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 study load) commencing semester one of the listed year, except for courses with a duration of less than 1 EFTSL.

Commonwealth Supported Places (CSP) are available for this course.

A student’s annual fee may vary in accordance with:

• The number of units studied per term.
• The choice of major or specialisation.
• Choice of units.
• Credit from previous study or work experience.
• Eligibility for government-funded loans.

Student fees shown are subject to change. Contact the university directly to confirm.

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'll only need to pay a portion of your tuition fees. This is known as the student contribution amount – 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 unit 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 with the cost of a university course.