Master of Banking and Finance

Postgraduate Entry Requirements:

Academic Qualifications: To be eligible for postgraduate programs, international students should hold a bachelor's degree or equivalent qualification from a recognized institution. Minimum 65% in your previous academic qualifications.

English Language Proficiency:

• IELTS: Overall 6.5 or 7.0, depending on the program, with no band less than 6.0.
• TOEFL: Overall 79, with minimum subsection scores of Listening 12, Reading 13, Writing 21, and Speaking 18.
• PTE: Overall 58, with a minimum of 50 in each section.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.

Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.

1. Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.

2. Monash Graduate Scholarship: This scholarship is available to high-achieving domestic and international students who are undertaking a graduate research degree at Monash University. The scholarship provides a living allowance of $29,500 per annum, as well as a range of other benefits.

3. Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.

4. Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.

5. Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.

The Master of Banking and Finance program at Monash University, Caulfield offers graduates a wide range of career opportunities in the banking and finance industry. With the in-depth knowledge and practical skills gained through the program, graduates are well-prepared for various roles in financial institutions, investment firms, consulting firms, government agencies, and corporate finance departments.

1. Financial Analyst: Graduates can pursue careers as financial analysts, where they analyze financial data, assess investment opportunities, and make recommendations to clients or internal stakeholders. They may work in investment banks, asset management firms, or corporate finance departments, conducting research, performing financial modeling, and evaluating investment strategies.

2. Risk Manager: The program equips graduates with the skills to assess and manage risks in the financial sector. They can work as risk managers, identifying potential risks, developing risk management strategies, and implementing risk mitigation measures. Risk management roles can be found in banks, insurance companies, and regulatory agencies.

3. Investment Manager: Graduates can pursue careers as investment managers, responsible for managing investment portfolios on behalf of clients or institutions. They analyze market trends, evaluate investment options, and make investment decisions to maximize returns while managing risks. Investment managers can work in asset management firms, pension funds, or hedge funds.

4. Financial Planner/Advisor: With a strong foundation in finance and investment principles, graduates can become financial planners or advisors, assisting individuals or organizations in managing their finances, setting financial goals, and developing personalized investment plans. They can work in financial planning firms, wealth management companies, or as independent consultants.

5. Corporate Finance Manager: Graduates can pursue roles in corporate finance departments, working on financial analysis, capital budgeting, and strategic financial decision-making for organizations. They may be involved in mergers and acquisitions, financial planning, capital structure optimization, and financial reporting. Corporate finance roles can be found in multinational corporations, consulting firms, or financial institutions.

6. Banking Professional: The program prepares graduates for roles in banking operations, relationship management, or product development within commercial banks or investment banks. They can work in areas such as retail banking, corporate banking, trade finance, or investment banking, dealing with client relationships, loan management, financial product development, and risk assessment.

7. Financial Consultant: Graduates can work as financial consultants, providing expert advice to clients on financial matters, such as investment strategies, risk management, or financial planning. They may work for consulting firms, financial advisory firms, or as independent consultants, assisting clients in making informed financial decisions.

8. Regulatory Compliance Officer: Given the program's focus on financial regulations, graduates can pursue careers in regulatory compliance, ensuring that financial institutions adhere to legal and regulatory requirements. They may work in regulatory bodies, banks, or financial services companies, monitoring compliance, conducting audits, and implementing risk management measures.

9. Research Analyst: Graduates can work as research analysts, conducting financial research, and producing market insights and reports for financial institutions, investment firms, or financial media outlets. They analyze economic trends, company financials, and industry developments to provide valuable information for investment decisions.

10. Entrepreneurial Opportunities: The program equips graduates with the skills and knowledge to start their own financial consulting or investment firms. They can leverage their expertise to provide specialized financial services, investment advice, or develop innovative financial products or solutions.