Everything you must know about Masters in Finance in Australia

Over 7,10,000 international students had enrolled in Australian universities as of 2023. If you, too, are planning to study in Australia, like several other students pursuing a master’s course in Finance can unlock excellent job opportunities. So, let’s dive in to know more about this course, popular universities in Australia offering this course, and more.

Key Highlights

• Reasons to pursue  Finance courses in Australia
• MS in Finance in Australia: A course overview
• Best universities in Australia for Masters in Finance
• Masters in Finance Australia fees
• Eligibility requirements for top universities in Australia for Masters in Finance
• Career prospects after MSc Finance in Australia

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Reasons to pursue Finance courses in Australia

Australia is home to well-ranked universities that offer master’s courses in Finance with various specialisations, such as Investment Banking, Risk Management, Financial Planning, etc. As per Quacquarelli Symonds (QS) World University Rankings 2024, subject: Accounting & Finance, 5 Australian universities are featured in the top 50 in the global rankings. Moreover, factors like a vibrant student life, growth-conducive learning environment, and job-oriented curriculum make Australia an excellent choice for pursuing courses like MS in Finance and Masters in Finance or Master of Finance. These courses cover different aspects of the Finance stream. For instance, Masters in Finance provides insight into the financial principles, practices and the industry.  Let’s understand the MS in Finance in detail.
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MS in Finance in Australia: A course overview

A Master of Science (MS/MSc) in Finance is a post-graduate and research-based program that offers in-depth knowledge of theoretical and practical aspects of modern Finance. The course equips students with the necessary knowledge and skills required to analyse financial information and make well-informed decisions even during volatile economic conditions. The course duration varies from 1-2 years. Some subjects covered are:

• Economics of Finance
• Applied Risk Management
• Quantitative Analysis of Finance
• Financial Statement Analysis
• Investment Analysis and Portfolio Management

In Australia, most B-schools offer Finance degrees across specialisations. Some of the most popular master’s programs that make students job-ready are:

• MBA in Finance :

  This popular post-graduate degree program offers a comprehensive understanding of financial management, financial analysis, and investment strategies. The duration of the program is 1-2 years. This course also aims to build students’ communication, leadership, and critical thinking skills.

• Master of Finance in Australia :

  Master of Finance offers specialised knowledge in Banking, Financial Advisory, Corporate Treasury, Funds Management, and more. The duration of the course is 1-1.5 years.

• Master of Accounting and Finance in Australia: A Master of Accounting & Finance covers Management Theory, Business Maths, Auditing, Taxation, Financial Instruments, Capital Markets, etc.

Also Read: Level 1 universities in Australia for achieving academic excellence

All these programs are offered by professors who are also industry experts, using modern teaching methodologies. The coursework includes classroom learning, guest lectures, case studies, etc.

Some other popular universities offering master’s in Finance are:

• The University of Melbourne
• Monash University
• Deakin University
• The Australian National University (ANU)
• The University of New South Wales

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Masters in Finance Australia fees

The annual tuition cost of pursuing a master’s degree program from a popular study abroad destination like Australia will be ∼AUD 35,000 to ∼AUD 70,000 (∼INR 19,37,000 to ∼INR 38,75,000). However, this cost may differ from one university to another.

Eligibility requirements for top universities in Australia for Masters in Finance

Some of the general eligibility criteria that students need to meet are as follows:

• A bachelor’s degree in commerce, finance, or equivalent discipline from a recognised university.
• Academic transcripts (degrees and certificates)
• Any of the English language scores:
  • Test of English as a Foreign Language (TOEFL)
  • International English Language Testing System (IELTS)
• Graduate Record Examinations (GRE)/Graduate Record Admission Test (GMAT)
• Letters of Recommendation
• Statement of Purpose
• Work experience (not mandatory)

Career prospects after MSc Finance in Australia

Post-completion of the course, students can explore rewarding job offers in the financial sector. Some job positions offered to Finance graduates are as follows:

• Financial Analyst
• Management Consultant
• Accountant
• Financial Controller
• Business Analyst

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Based on the skills and job profile chosen, the salary offered to Finance graduates in Australia ranges from ∼AUD 70,000 to ∼AUD 1,50,000 (∼INR 38,75,000 to ∼INR 83,03,000) annually.

So, if you are planning to enrol in MS in Finance at a prestigious Australian university but are facing financial challenges, opt for educational loans for studying abroad purposes. At Avanse Financial Services, we offer hyper-personalised education loans with multiple benefits like 100% finance, quick loan sanctions, and flexible repayment options. To know about the loan documentation process, education loan interest rate, and other interesting details, contact us today.