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

What will I learn?

Melbourne Business School’s new Master of Finance has been designed to equip you with specialist technical knowledge preparing you for a career in the ever-evolving finance sector.

Why study a Master of Finance with the Melbourne Business School?

Join a new boutique program for a small, high calibre cohort: only 75 students admitted each semester

Integrated with industry: participate in-class simulations or in a Practicum subject, completing a real consulting project in industry, learn from regular industry-guest lectures

Delivering what industry needs: this is an academically rigorous and highly technical program while also emphasizing key skills like ethics and communication

Skill-up for the new frontiers of finance: students can take electives in new subjects like Fintech and Data Analysis

Learn from the best: the University of Melbourne is ranked 16th globally for Finance (QS Rankings by subject, 2019)

The Master of Finance is a specialist finance degree that provides you with comprehensive training and knowledge that goes beyond a finance major in an undergraduate degree.

Melbourne Business School also offers a 2-year Master of Finance (Enhanced) if you’re interested in taking advantage of our many elective and exchange options as part of your degree.

If you have not previously studied finance, you could consider our Master of Management (Finance).

The new Master of Finance degree aims to provide graduates with:

  • A practical career-oriented program
  • 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
  • An applied knowledge of specialised aspects of the finance industry

Graduates of the new Master of Finance (Enhanced) will forge international careers in the finance industry applying their technical skills to the areas of:

  • Investments
  • Banking
  • Corporate advisory
  • Financial analysis

Which department am I in?

Faculty of Business and Economics



Study options

Full Time (2 years)

Tuition fees
A$49,440.00 (26,78,223) per year
AUD $101,352 for the entire course
Application deadline

31 October 2021, 30 April 2022

More details

Start date

28 February 2022, 25 July 2022


The University of Melbourne

Parkville Campus,

Grattan Street,



3010, MELBOURNE, Australia

Entry requirements

For students from United States

Graduate coursework programs normally require the satisfactory completion of an undergraduate degree either from the University of Melbourne, another Australian institution, or a university in another country. English language requirements for Coursework degree: IELTS (academic English Only) - 6.5 overall, with written 6.5 and no band less than 6.0; TOEFL (paper-based test) - 577 + TWE 4.5; TOEFL (internet-based test) - 79 + (Writing 21; Speaking 18; Reading 13; Listening 13); Pearson Test of English (Academic) - 58 + no other communicative skill below 50; Cambridge English: Advanced/ Certificate of Advanced English (CAE) - 176 + no less than 185 in Writing and 169 in each other skill. English language requirements for Master of Philosophy: IELTS (academic English Only) - 7.0 overall, with written 7 and no band less than 6.0; TOEFL (paper-based test) - 600 + TWE 5.0; TOEFL (internet-based test) - 94 + (Writing 27; Speaking 18; Reading 13; Listening 13); Pearson Test of English (Academic) - 65 + written communicative skill of 65 and no other communicative skill below 50; Cambridge English: Advanced/ Certificate of Advanced English (CAE) - 185 + no less than 185 in Writing and 169 in each other skill.

For international students

In order to be considered for entry, applicants must have completed:

an undergraduate degree in a relevant discipline, or equivalent with studies (12.5 points each) in Accounting (level 1), Corporate Finance (level 2), Investments (level 3) and Derivatives (level 3) or their equivalents

TOEFL – you need a score from a minimum of 577+ including a score of at least 4.5 in the Test of Written English for a paper-based test. Or a score of at least 79 and scores of at least 21 for writing, 18 for speaking, 13 for reading, 13 for listening for an internet-based test.

IELTS – you need a score from a minimum of 6.5 or more in the Academic International English Language Testing System (IELTS), with no bands less than 6.0.

Pearson Test of English – you need an overall score from a minimum between 58-64 inclusive and achieve no PTE communicative skills score below 50.

Cambridge English, Advanced/Certificate in Advanced English (CAE) – you need a Cambridge English Score from a minimum 176 with no skill below 169.

Application deadline - 31 October for Semester 1 intake

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