620
Avg. GMAT
25
Avg. Age
65K UAD
Avg. Cost of Study
15
Avg. Months Duration
80K UAD
Avg. Salary
Is Australia good for Masters in Finance?
There has never been a greater need for qualified finance professionals in a world economy that is becoming more integrated. Aspiring people earn a Master’s in Finance in Australia to deepen their understanding of financial principles, explore intricate market dynamics, and make wise strategic judgements. Australia, renowned for its robust economy, dynamic business climate, and top-notch educational system, is an alluring location for people looking to develop their financial abilities and start profitable careers in finance.
The MiF programs in Australia are made to give students a thorough understanding of financial theories, analytical methods, and business procedures. These programs promote the development of crucial skills necessary in the dynamic world of finance by fusing demanding coursework, real-world case studies, financial analysis, and industry participation.
Students receive knowledge in corporate finance, risk assessment, investment analysis, and financial management, preparing them to handle financial difficulties in the real world with assurance and competence.
The dynamic financial environment of Australia, illustrated by significant cities like Sydney, Melbourne, and Brisbane, provides the perfect setting for studying postgraduate finance courses. These locations may be home to leading financial institutions, global enterprises, and a bustling business community, providing a wealth of networking opportunities, internships, and career progression. Exposure to various financial industries, such as banking, investment management, insurance, and fintech, benefits students and helps them better comprehend the nuances of the financial sector for finance graduates.
Australian universities and business schools are also well-known for their academic brilliance and relevance to industry. Respected professors, who frequently have extensive industrial experience, offer practical knowledge and guide students through the complexity of financial decision-making. Additionally, by encouraging critical thinking, innovation, and research in the classroom, these schools help students stay on the cutting edge of new financial trends and technologies.
- Renowned Education System
- Prime Hub for Career Opportunities
- Language Proficiency
- Best Study Cities
- Top Universities
- Better Economy
- Income & Opportunities
Types of MiF Offered in Australia
Full-time MiF Courses
Full-time MiF programs typically span one or two years, providing an immersive educational experience for students committed to concentrating solely on their studies. This format is ideal for individuals seeking an in-depth exploration of financial concepts without the distractions of other commitments. With a comprehensive curriculum delivered relatively condensed, full-time MiF courses allow students to delve deeply into financial theories, analytical methodologies, and practical applications.
Part-time MiF Courses
For those who desire to balance their educational pursuits with work or other responsibilities, part-time MiF courses are an excellent option. These programs typically extend over two to three years, offering flexibility that can accommodate busy schedules. This format acknowledges that students may have professional obligations or personal commitments that they need to accommodate while still aspiring to enhance their financial expertise. Part-time MiF programs allow students to learn at a manageable pace, making it possible to apply acquired knowledge directly to their current roles.
Online MiF Courses
Online MiF courses leverage distance learning platforms to bring education to students’ fingertips, making it an attractive choice for those who wish to study from the comfort of their homes or who are geographically distant from traditional university campuses. These programs offer the convenience of setting your own study schedule, allowing for effective time management. Online MiF courses are especially beneficial for individuals who require flexibility due to work, family responsibilities, or other commitments.
Blended MiF Courses
Blended MiF programs offer the best of both worlds by combining online and offline learning advantages. Students engage with course materials and lectures online, allowing them to adapt their learning to their schedules. Additionally, they can interact in person with professors and peers during designated on-campus sessions. This format is tailored for those who seek a balance between the convenience of virtual learning and the interpersonal engagement fostered by traditional classroom environments.
Program Costs + Living Expenses: MiF in Australia
UAD 42,000
Avg. Tuition Fee
+
UAD 20,000
Avg. Living Cost
+
UAD 630
Avg. Visa Charges
Avg. Cost of Study
The masters in Finance Australia expenses are the most crucial consideration for overseas students. The costs are mostly determined by two elements: your tuition costs and your living expenses. Let’s analyse them
Student fees
The cost of an MS or MSc in finance in Australia may vary depending on the type of university. The annual indicative fees, however, should fall between 27,536 and 57,242 Australian dollars.
Living expenses
The living costs incurred by foreign students while studying in the country are also covered by your tuition. These expenses will vary depending on your lifestyle and where you reside. You must typically invest between 800 and 1,700 AUD to obtain a MiF.
Scholarships Available: MiF in Australia
To support students with their high expenses, universities in Australia offer scholarships that can help manage the cost of studying. In addition to university scholarships, other sources such as government and external organizations provide financial aid for students pursuing higher education in Australia. Here is a list of scholarships available for studying MS in Finance in Australia:
ANU Chancellor’s International Scholarship
Eligibility: Based on academic merits.
Benefits: Covers 25% or 50% of tuition fees.
ANU College of Business & Economics Honors Scholarship
Eligibility: Based on academic records, international students enrolled full-time in an Honors program offered by the College.
Benefits: AUD 15,000.
International Student Award, UNSW
Eligibility: Must be enrolled full-time in an undergraduate or postgraduate degree program.
Benefits: 15% reduction in tuition fees.
International Postgraduate Coursework Full Tuition Scholarship
Eligibility: Available to students pursuing a postgraduate degree with a strong academic background.
Benefits: Varies (specific details not provided).
Thomas A Plein Endowed Scholarship, University of Queensland
Eligibility: Open to students enrolled full-time in programs within the Business, Economics, and Law Faculty, with good academic records.
Benefits: AUD 3,000.
These scholarships aim to assist students in pursuing their finance studies at various Australian universities.
Eligibility Criteria: MiF in Australia
Although the prerequisites and qualifying requirements vary in each university, so do the required minimum exam results. However, every university adheres to the fundamental academic requirements for admission to the Melbourne Master of Finance program or any other location. Below are these requirements:
- Bachelor's Degree
a bachelor’s degree in a relevant field with at least a weighted average of H2A (75%), or its equivalent, and 12.5 points in each of accounting (level 1), corporate finance (level 2), investments (level 3), and derivatives (level 3), or in a field that is sufficiently related. One must complete the WAM and fulfil the minimal requirements.
- Above Average Grades
Consistently good grades are essential to be considered for admission in Australia. Due to the high level of competition, it is crucial to demonstrate strong academic performance throughout your undergraduate studies.
- Aptitude Test Scores
The majority of Australian universities that offer an MSc in finance will accept GRE or GMAT exam results. The scores are taken into consideration by the university selection committee for evaluation. Below are the minimum scores for both tests:
GRE: 280-340
GMAT: 625-700
- Language Requirements
International students from non-speaking countries must meet the language score requirements for graduate courses. Minimum scores are required for those attempting to fulfil the requirements for one of the standard exams recognised by the university’s academic council.
IELTS: 6.0-7.0
TOEFL: 90-100
- Documents Required
You must also meet the requirements listed above in order to apply to Australian universities for a master’s degree in finance. Some of the documents you may send are listed below:
- Official High School Transcripts
- Bachelor’s Degree
- Language test scores
- GRE or GMAT scorecards
- Personal Essay
- Statement of Purpose
- A letter of recommendation
- Resume or CV
- Work experience certificate (if any)
- Proof of your financial resources
- Copy of your passport
It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.
What is the salary in Australia after Masters in Finance?
Employed within 3 months of graduation
Avg. Salary
Most Sought-after Jobs
Investment Banker
Finance Manager
Financial Controller
Portfolio Manager
Accounting Manager
Senior Financial Analyst
Even though the job market for finance grads is very competitive, postgraduates in the field can make outstanding incomes. Master’s degree holders in Australia can select a career in one of the following industries, or they can apply for CFA employment.
The Master of Finance (MiF) program is a prestigious course highly valued for its potential to unlock diverse career pathways in Australia. The curriculum typically encompasses subjects like financial assessment, investment banking, and managing risks. Graduates holding a MiF degree are strongly sought after by employers within the financial services sector, spanning banks, investment enterprises, and insurance firms. They also have prospects in sectors like consulting, accounting, and government.
As per data from the Australian Bureau of Statistics, the mean annual salary for financial analysts in Australia stands at approximately $93,000. The earnings range for financial analysts can fluctuate based on their experience, competencies, and the particular industry they are engaged in.
FAQs about MiF in Australia
Are there any prerequisites for applying to a MiF program in Australia?
Yes, most MiF programs in Australia have certain prerequisites. Applicants are generally required to have an undergraduate degree in finance, economics, or a related field. Some programs may also require relevant work experience.
What are the career prospects after completing a MiF program in Australia?
After completing a MiF program in Australia, graduates can pursue various career paths in the finance industry. They may work as financial analysts, investment managers, risk analysts, financial consultants, or pursue roles in corporate finance or banking sectors.
Are there any scholarships available for MiF programs in Australia?
Yes, some Australian universities offer scholarships and financial aid for international students pursuing MiF programs. These scholarships may be based on academic merit, financial need, or other criteria. Prospective students should check with their chosen universities for available scholarship opportunities.
Can MiF graduates in Australia apply for post-study work visas?
Yes, many international students who complete their MiF programs in Australia may be eligible to apply for a post-study work visa. This visa allows graduates to work in Australia for a certain period after completing their studies, providing them with valuable work experience in the country.
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Visa & Stay Prospects: MiF in Australia
The following forms are frequently available as proof of enrollment for your Australian student visa application:
- Students approved for full-time courses listed on CRICOS (Commonwealth Register of Institutions and Courses for Overseas Students) are given a CoE or confirmation of enrollment.
- CoEs and packaged courses: If you are requesting more than one course, your visa application must include all of the required CoE codes; otherwise, your student visa will only cover the time necessary to complete the designated CoE.
- You may submit applications for two or more connected courses. There shouldn’t be more than two months between the start of the two courses. When the first course concludes, there is an exemption to the gap time.
- Letter of Support: You can provide your letter of support as proof of enrollment if you are admitted to a full-time study or training programme sponsored by the Australian Minister of Foreign Affairs and Trade scholarship schemes.
- In a similar vein, you may submit an application for a student visa along with your letter of support if you are supported by the Australian Department of Defence.
- Students planning an exchange degree from Australia can submit this with their application under the Acceptance Advice of Secondary Exchange Students (AASES) category.
- Educator’s letter: PG students are required to produce a letter from their professor confirming their requirement to remain in Australia while their thesis is being marked.
Visa Requirements
The prerequisites for obtaining a visa to pursue an MSBA program in Australia differ based on your nationality. Nonetheless, for the most part, students from various countries are required to possess a valid passport, an acceptance letter from a university, and evidence of financial backing. Additional documents such as a police clearance certificate and a medical exam report might also be necessary.
Visa Fees
The fees associated with obtaining a student visa for pursuing an MSBA in Australia also fluctuate according to your nationality. Generally, these fees tend to fall within the range of $500 to $1,000.
Staying in Australia after Completing the Course
Upon successfully finishing your MSBA studies in Australia, you might be eligible to extend your stay in the country for a certain duration in order to explore employment opportunities. The duration of this extension hinges on the specific type of visa you hold.
Post-Study Work Visa
International students who complete a Master’s degree from an Australian university can apply for a post-study work visa (subclass 485). This visa category permits you to remain in Australia and engage in full-time work for a period of up to 18 months.
Job Prospects
The professional outlook for graduates holding an MSBA in Australia is promising. The nation houses numerous multinational corporations and financial entities that are swiftly embracing data-centric decision-making methodologies. Consequently, there’s an escalating demand for proficient data analysts across Australia.
Cost of Living
While the cost of living in Australia can be relatively high, it is in line with other developed countries. The average monthly cost of living in Sydney is around $2,000.
Top College for MiF in Australia
University of Technology Sydney
The Master of Finance provides a comprehensive range of skills and expertise expected of leading practitioners in the banking and finance sectors. The course enhances students’ professional skills in finance, banking and investment management, and provides an avenue for those seeking to move into this area.
The core subjects within the course builds a robust foundation. Students can either choose a major comprising six subjects or choose any six subjects from a wide selection of electives. Students can choose their own path by specialising in investment management, corporate finance, banking, financial technology, or sustainable finance and ESG. All subjects are designed for active learning using case studies, simulations and use of real market data.
Important Points:
