Monash University -
Master of Banking and Finance
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 24 months
Gain valuable insights about the global banking industry, the role it plays in shaping our future – and the opportunities it offers for an exciting career.
Course Overview
This comprehensive master's degree will provide you with a thorough understanding of the banking and finance industry. Designed for people with limited prior knowledge in finance and looking to enter the industry, the course is ideal if you want to build strong skills in banking and finance, develop your knowledge of financial institutional issues and gain practical experience in applying your acquired knowledge.
Guided by leading academics and experts in the field, you’ll study banking systems, money markets, financial management, financial modelling, lending and risk management and portfolio management – while strengthening your critical thinking, communication and market research skills to help lead the finance industry towards tomorrow.
Key Facts
November, 2025
What you will study
To complete the Master of Banking and Finance, you must complete 16 units (96 credit points). It consists of Part A. Advance Preparatory 4 units (24 credit points), Part B. Mastery Knowledge 8 units (48 credit points) and Part C. Application Studies 4 units (24 credit points).
Master's entry points
Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:
- If you are admitted at entry level 1 you complete 96 credit points, comprising Part A, Part B and Part C.
- If you are admitted at entry level 2 you complete 72 credit points, comprising Part B and Part C.
- If you are admitted at entry level 3 you complete 48 credit points, comprising Part B.
Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.
Complete the following units:
- Accounting for Business (six credit points)
- Financial Management Theory (six credit points)
- Economics (six credit points)
- Business Statistics (six credit points)
Entry requirements
Entry level 1: 96 points to complete
Duration: Two years full-time, four years part-time
- An Australian bachelor degree (or equivalent) and achieved at least a credit (60%) average or an equivalent grade point average (GPA).
Entry level 2: 72 points to complete
Duration: 1.5 years full-time, three years part-time
Applicants must have one of the following:
- An Australian bachelor's degree (or equivalent) in a cognate discipline with at least a credit (60%) average or equivalent qualification and experience approved by the faculty.
- An Australian graduate certificate (or equivalent) in a cognate discipline with at least a credit (60%) average or equivalent qualification and experience approved by the faculty.
- A four-year Australian bachelor honours degree (or equivalent) with at least a credit (60%) average 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: One year full-time, two years part-time
- An Australian bachelor's honours degree (or equivalent) in a cognate discipline with at least a credit (60%) average 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 language requirements
For entry to Monash University, you must meet the minimum English language requirements. You can do this by completing one of the qualifications listed on their website.
If you've completed several measures of English proficiency over a period of time, the highest valid measure will be accepted as long as it's been taken within the required time limitations.
University entrance requirements
Minimum entrance requirements apply for admission to Monash University Australia.
Recognition of Prior Learning
You may be able to get credit for your course based on prior formal, non-formal or informal learning. To apply, you will need to provide supporting documentation outlined by the university. Contact the university for more information.
Outcomes
Learning outcomes
- Be critical and creative scholars who:
- Produce innovative solutions to problems.
- Apply research skills to business challenges.
- Communicate effectively and perceptively.
- Be responsible and effective global citizens who:
- Engage in an internationalised world.
- Exhibit cross-cultural competence.
- Demonstrate ethical values.
- Have a comprehensive understanding of their discipline and be able to provide discipline-based solutions relevant to the business, professional and public policy communities we serve.
- Demonstrate a mastery of banking and finance and be able to apply theoretical and practical knowledge and skills in banks and business enterprises.
Fees and FEE-HELP
Average 2025 first-year fee: $37,100 (domestic full-fee paying place)
All costs are calculated using current rates and are based on a study load of 24 credit points (normally four units) per semester or 48 credit points (normally eight units) per year.
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.
FEE-HELP loans are available to assist eligible full-fee paying domestic students with the cost of a university course.