COVID-19 update: This course will start online and continue on campus later. Read more

What will I learn?

Understand the changing financial world and be part of what comes next with a Master of Banking and Finance.

The Master of Banking and Finance will help you break into the banking or finance industry, even if you are new to it. You’ll gain a thorough understanding of the banking and finance sector, expand your knowledge of financial institutions and take advantage of practical opportunities to apply your knowledge.

In this degree, you’ll cover portfolio management and lending and risk management, as well as money markets and financial management.

Your degree will also come together to form a practical skill set – including critical thinking and communication skills – which you can put to use straight away as you build your career in the dynamic banking and finance sector.

By connecting research and practice, the Master of Banking and Finance enables you to develop a deep understanding of the core role of the global banking industry, and provides practical opportunities to apply your knowledge.

The course positions you for a successful career by developing your theoretical knowledge and strengthening your critical thinking, communication and market research skills.

Graduates typically find work in banks, insurance companies or other institutional settings, in both Australia an internationally.

Which department am I in?

Monash Business School

CRICOS

079580M

Study options

Full Time (1 year)

Tuition fees
A$45,800.00 (24,51,820) per year
Start date

25 October 2021, 28 February 2022, 25 July 2022

Venue

Monash University

Clayton Campus,

Wellington Road,

MONASH UNIVERSITY,

Victoria,

3800, MELBOURNE, Australia

Entry requirements

For students from United States

Relevant Bachelor degree or equivalent. English language requirements: IELTS Academic: 6.5 (Reading: 6.0, Listening: 6.0, Writing: 6.0, Speaking: 6.0); TOEFL paper-based: 550 (Test of written English: 4.5); TOEFL internet: 79 (Reading: 13, Listening: 12, Writing: 21, Speaking: 18); Pearson Test of English (Academic): 58 (No PTE communicative skills score below 50); Cambridge English: Advanced (CAE): 176 (No skill score below 169); Cambridge English: Proficiency (CPE): 176 (No skill score below 169).

For international students

Entry level 1: An Australian bachelor degree (or equivalent) and achieved a weighted average mark (WAM) of 60 or an equivalent grade point average (GPA) as determined by the faculty. Applicants will be ranked and selected based on their entire academic record.

Entry level 2: An Australian undergraduate degree (or equivalent) in a cognate discipline with a WAM of 60, or qualifications/experience or satisfactory substitute that the faculty consider to be equivalent

OR

An Australian graduate certificate (or equivalent) in a cognate discipline with a WAM of 60, or qualifications/experience or satisfactory substitute that the faculty consider to be equivalent

OR

A four-year Australian undergraduate honours degree (or equivalent) with a WAM of 60 or qualification/experience or satisfactory substitute that the faculty considers to be equivalent.

Entry level 3: An Australian undergraduate honours degree (or equivalent) in a cognate discipline with a WAM of 60, or qualification/experience or a satisfactory substitute that the faculty considers to be equivalent, which has not been used as a basis for entry to another course within the Monash Business School.

Level A

IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0

Pearson Test of English (Academic): 58 Overall score, No PTE communicative skills score below 50

TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21

Paper-based TOEFL 550 Test of written English: 4.5

Cambridge English: Advanced (CAE) 176 No skill score below 169
Cambridge English: Proficiency (CPE) 176 No skill score below 169

*There may be different IELTS requirements depending on your chosen course.

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