Are you ready to take your financial career to new heights? Look no further than the land down under – Australia! The country is not only renowned for its stunning landscapes and unique wildlife but also for offering world-class education, especially in the field of finance. In this comprehensive blog, we’ll unravel the highlights and insights you need to know about pursuing a Masters in Finance in Australia.
Australia is home to prestigious universities that offer top-notch finance programs. We will dive deep into the programs they offer, exploring vital details such as program fees, duration, and university options. Whether you’re aiming for a prestigious institution or seeking a program that aligns with your budget, we’ve got you covered.
But before you pack your bags and head to the land of kangaroos, understanding the admission procedure is crucial. We’ll walk you through the entire process, ensuring you’re well-prepared to secure your spot in your dream finance program. Eligibility requirements, language proficiency tests, and cost of living in Australia – we’ll provide insights into everything you need to know before you leap.
Financing your education is a significant concern for many students. That’s why we’ll explore the tuition fees and available scholarships. Discover the scholarship opportunities and their amounts, helping you make an informed financial decision.
Once you’ve earned your Master’s degree in Finance in Australia, what’s next? We’ll delve into the exciting world of placements, jobs, and salaries, giving you a clear view of your potential career path. Whether you aim to work in Australia or use your degree globally, we’ll provide valuable insights.
In this blog, we’ve covered everything from the program highlights to career prospects, ensuring you have all the information you need to embark on your journey toward a Masters in Finance in Australia. Let’s take the first step together towards a brighter financial future!
Topics covered
Overview of Masters in Finance in Australia
In this section, we will provide you with information about why you should consider studying in Australia (finance degree). Here are the top 10 reasons why study a Master in Finance in Australia:
- Australian universities are globally renowned for their high-quality education, making a degree from Australia respected worldwide.
- Australia has a robust financial industry, with a stable economy and a strong regulatory framework, providing ample opportunities for practical experience and networking.
- Australia is a multicultural country, offering an enriching environment for international students, fostering cross-cultural awareness and global perspectives.
- Australia’s post-study work visa options make it easier for international graduates to gain practical work experience in the field of finance.
- Australian universities maintain high academic standards and offer a range of specializations within finance, allowing students to tailor their education to their career goals.
- Students can engage in cutting-edge research in finance, further enhancing their knowledge and skills.
- Australia’s high standard of living and beautiful natural landscapes provide an excellent quality of life for students.
- Australian universities often have strong industry connections, enabling students to build valuable professional networks.
- Studying in an English-speaking country can improve your language skills and employability.
- A Master’s in Finance from Australia can open doors to a wide range of career opportunities in finance, including investment banking, financial analysis, and more.
Types of Master’s Degree in Finance in Australia
In Australia, universities offer a diverse range of Master’s degree programs in the field of Finance, catering to students from all corners of the globe. These programs are designed to impart comprehensive knowledge and insights into various aspects of finance, including financial ethics, corporate finance markets, and a range of financial theories.
The Master of Finance programs in Australia allow students to specialize in their areas of interest and excel in them. The duration of these programs typically varies from 1 to 2 years, depending on the university. Some popular specializations under the Master of Finance umbrella at Australian universities include
Master of
- Actuarial Science
- Applied Finance
- Banking and Finance
- Business
- Commerce
- Corporate Finance
- Finance and International Banking
- Finance and Marketing
- Finance Planning
- Financial Statement Analysis
- International Finance
- Investment Banking
- Investments and Portfolio Management
- Quantitative Analysis of Finance
- Risk Management
These programs equip students with the skills and knowledge required to excel in the dynamic world of finance, making them well-prepared for various career opportunities in the financial sector.
Top Universities for Masters in Finance in Australia
Here are some of the top Universities for Masters in Finance in Australia:
| University | Program Offered | Tuition Fees (AUD) |
| Australian National University | Master of Finance; Master of Applied Finance; Master of Applied Accounting Master of Financial Management; Master of Financial Management and Law; Master of Financial Management; Master of Financial Economics; among others | $48,035.00 |
| Curtin University | Master of Commerce (Finance); Master of Actuarial and Financial Science | $31,704 |
| Queensland University of Technology | Master of Business (Applied Finance) | $32,600 per year full-time (96 credit points) |
| University of Adelaide | Master of Accounting and Finance; Master of Applied Finance; Master of Finance; Master of Finance and Business Economics | $49,900 |
| University of New South Wales | Master of Applied Finance | $58,000 |
| University of Queensland | Master of Finance & Investment Management; Master of International Economics and Finance; Master of Commerce; Master of Financial Mathematics | $48,160 – $51,200 |
| University of South Australia | International Master of Business Administration (Finance); Master of Business Administration (Finance) | $39,600 – $43,800 |
| University of Sydney | Master of Commerce; Master of Commerce (Extension) | $52,500 – $54,000 |
| University of Technology, Sydney | Master of Finance; Master of Finance (Extension); Master of Financial Analysis | $24500 |
| University of Wollongong | Master of Applied Finance (Investing); Master of Applied Finance (Investing and Financial Services); Master of Applied Finance (Financial Services); | $50,544 |
Also, read: Top Masters Courses in Australia & Top Universities in Australia for Indian Students
Eligibility for Masters in Finance in Australia
Australia, known for its excellent educational institutions, offers diverse opportunities for pursuing a Master’s in Finance. While specific requirements may vary among universities, there are fundamental eligibility criteria that students must meet to secure admission.
Bachelor’s Degree
- A relevant bachelor’s degree with a weighted average mark of at least H2A (75%) or its equivalent is typically required.
- Specific coursework, including subjects in accounting, corporate finance, investments, and derivatives, is often mandated, with minimum completion criteria.
English Language Proficiency
- International applicants from non-English speaking nations must demonstrate their language proficiency.
- Accepted language tests include IELTS (6.0-7.0) and TOEFL (90-100).
Also, read the IELTS requirement for Australia
GRE or GMAT Scores
- Many universities in Australia accept GRE or GMAT scores for evaluation.
- Minimum score ranges typically fall within GRE (280-340) and GMAT (625-700).
Work Experience
- While work experience is not universally required, having two to three years of relevant experience can enhance your application.
Passport & Student Visa
- International students must possess a valid passport and an Australian student visa.
Additional Documents Required
In addition to meeting the above criteria, applicants should prepare a comprehensive application package, including:
- Official transcripts from high school and the bachelor’s degree
- Language test scores
- GRE or GMAT scorecards
- A personal essay
- Statement of Purpose
- Letter of recommendation
- Resume or CV
- Work experience certificate (if applicable)
- Proof of financial resources
- Copy of your passport
By satisfying these eligibility requirements and submitting the necessary documents, aspiring students can embark on their journey to pursue a Master’s in Finance in Australia, a land of educational excellence and global opportunities.
Want to know about the cost involved in studying Masters in Finance in Australia? Refer to our Cost of Studying in Australia for International Students blog post!
Admission Procedure to Study Masters in Finance in Australia
Here are some of the general steps you need to follow to secure a seat for studying Masters in Finance in Australia:
University Selection
Begin your journey by researching and creating a list of the top universities in Australia that offer Master in Finance programs. You can explore university websites or refer to trusted sources to compile your list.
Entry Requirements
Visit the official websites of the universities on your list to gather information about their specific entry requirements. These requirements may include academic qualifications, English language proficiency tests, and any additional criteria.
Application Process
Pay close attention to application deadlines, which can vary from one university to another. Make sure you submit your application well in advance, at least three to six months before the deadline to allow ample time for document preparation.
Application Submission
Pay the required application fees and meticulously fill out the application form. Ensure that you submit all the necessary documents and meet the submission deadline to increase your chances of acceptance.
Interview Invitation
If you receive an interview invitation from the university, be prepared to showcase your motivation and suitability for the Master’s in Finance program. Ace the interview to strengthen your application.
Acceptance and Visa Application
Upon receiving your acceptance letter, it’s time to arrange the necessary funds for your studies. This will be crucial for your student visa application, allowing you to embark on your educational journey Down Under.
Remember that each university may have its unique application process, so always refer to their official websites for the most accurate and up-to-date information on Masters in Finance admissions in Australia. Planning and attention to detail are the keys to a successful application process.
Scholarships to study Masters in Finance in Australia
Following are some of the scholarships you can consider for studying Masters in Finance in Australia:
| Scholarship Name | Grant Amount |
| Global Excellence Scholarships | 2500 AUD |
| International Scientia Coursework Scholarship | 20000 AUD |
| UNSW Business School International Pathways Award | 15000 AUD |
| Griffith Remarkable Scholarship | Various benefits |
| ANU-CSC Scholarship | Various benefits |
| Rotary Foundation Global Scholarship Grants for Development | 400000 USD |
| Malaysia Australia Colombo Plan Commemoration (MACC) Scholarships | 10000 AUD |
| Curtin Humanitarian Scholarship | 5000 AUD |
| Dr Chau Chak Wing Scholarship (KTP Master Degree) | 10000 AUD |
| Dr Chau Chak Wing Scholarship (SILC Pathway) | 10000 AUD |
| BeArt-Presets Academic Scholarship Program | 5000 USD |
| VisaEnvoy Scholarships | 4000 AUD |
| ACES Scholarships | 3500 USD |
| Fulbright U.S. Student Program | Various benefits |
| Joint Japan World Bank Graduate Scholarship Program | Various benefits |
| Australia Awards Scholarships | Various benefits |
| GyanDhan Scholarship | 100000 INR |
| Education Future International Scholarship | 1000000 INR |
| ServiceScape Scholarship | 1000 USD |
| The Smooth Movers Scholarship | 1000 USD |
Job opportunities after Masters in Finance
Australia has emerged as a favored destination for students pursuing a Masters in Finance due to its world-renowned education system and promising job prospects. The degree can be completed in just one to 1.5 years, and it’s globally recognized, making it an attractive option for international students.
Diverse Career Paths
Upon graduating with a Masters in Finance, students have a plethora of placement opportunities to explore:
- Banks and Insurance Companies: Graduates can play integral roles in financial institutions, managing and analyzing assets, risk, and investments.
- Corporate Management: Firms of all sizes require financial expertise for strategic decision-making, budgeting, and planning.
- Brokerage Firms: Becoming financial analysts or investment advisors can be a lucrative path within brokerage firms.
- Investment Services: This sector beckons graduates to analyze market trends and manage portfolios as investment banking analysts or portfolio managers.
- International Financial Management: Global financial organizations seek professionals well-versed in international finance for diverse roles.
Attractive Salaries
Finance graduates in Australia can expect an average annual income of 67,500 AUD, with variations based on experience and chosen career paths.
Work Opportunities in Australia
Students can leverage temporary Australian visas, like the Skilled Graduate Temporary Visa, for job prospects immediately after completing their education.
A Masters in Finance in Australia opens doors to diverse, rewarding financial careers, making it an ideal choice for those seeking success in the finance industry.
Final thoughts!
Pursuing a Master in Finance in Australia offers a world-class education in a diverse and thriving environment. Australian universities provide a wide range of specialized programs, and the country’s strong financial industry ensures practical experience and networking opportunities. The post-study work visa makes it easier to gain real-world exposure.
Scholarships are available to ease financial concerns. With diverse career paths and attractive salaries, this degree sets the stage for a successful financial career. In short, Australia presents a compelling destination for those looking to elevate their financial education and prospects.
Still in ambiguity? Why not talk to our highly experienced counselors at iDreamCareer?
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With iDreamCareer’s guidance, Shreya pursued NEET preparation alongside US pre-medicine program applications due to her medical history. Her exceptional time management and unwavering commitment led to impressive acceptance offers and scholarships from renowned institutions like the University of Pittsburgh, Virginia Commonwealth University, the University of Connecticut, Temple University, Stony Brook University, Drexel University, and Wayne University. After careful deliberation, she selected the University of Pittsburgh to fulfill her aspirations.
Masters in Finance Australia: FAQs
Australia is a top choice for finance education due to its globally recognized institutions, strong financial industry, and post-study work opportunities. The multicultural environment enriches your experience, while high academic standards and various specializations enable you to tailor your education to your career goals.
Popular specializations include Actuarial Science, Investment Banking, Risk Management, and Corporate Finance, providing diverse career prospects.
Eligibility typically demands a relevant bachelor’s degree, English proficiency (IELTS or TOEFL), and optionally, GRE or GMAT scores. Certain coursework may also be required.
Admission involves selecting a university, meeting entry requirements, submitting applications with required documents, potential interviews, and securing a student visa upon acceptance.
Yes, international students can utilize temporary visas, such as the Skilled Graduate Temporary Visa, for job opportunities in Australia immediately after completing their education.
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
