Bachelor of Banking and Finance

Undergraduate Entry Requirements

Application Fee: AUD $100

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.

English Language Proficiency:

• IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
• TOEFL: Overall score of 80 with a minimum of 19 in each section.
• PTE (Pearson Test of English): Overall score of 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.

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.

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.

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.

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.

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.

Graduates of the Bachelor of Banking and Finance program from Monash University are well-equipped to pursue diverse and rewarding careers in the finance industry. This program prepares students with a strong foundation in financial theory, practical skills, and industry insights, positioning them for success in various roles within banking, finance, and related sectors.

Investment Banker: Graduates can pursue careers as investment bankers, advising corporations, governments, and other entities on financial strategies, mergers, acquisitions, and capital raising activities. They analyze market trends, assess risks, and provide strategic financial advice to optimize client investments.

Financial Analyst: Financial analysts play a crucial role in evaluating investment opportunities, analyzing financial data, and preparing reports for decision-makers. Graduates with strong analytical skills can excel in roles such as equity analyst, credit analyst, or financial planner, helping clients and organizations make informed financial decisions.

Risk Manager: Risk management is essential in the finance industry to mitigate financial uncertainties and optimize risk-return profiles. Graduates can work as risk managers, assessing and managing risks related to investments, operations, and regulatory compliance for financial institutions and corporations.

Corporate Treasurer: Corporate treasurers manage organizations' financial activities, including cash flow management, liquidity planning, and financial risk management. Graduates with expertise in financial markets and treasury operations can pursue roles in corporate finance departments of multinational corporations.

Commercial Banker: Graduates can pursue careers in commercial banking, where they work with individuals and businesses to provide financial products and services such as loans, mortgages, and credit lines. They assess creditworthiness, manage client relationships, and support financial solutions tailored to client needs.

Financial Consultant: As financial consultants, graduates provide personalized financial advice to individuals and businesses, helping clients achieve financial goals, manage investments, plan for retirement, and navigate tax strategies. They may work independently or within financial advisory firms.

Asset Manager: Asset managers oversee investment portfolios on behalf of institutional or individual investors. Graduates can specialize in managing assets such as stocks, bonds, real estate, or alternative investments, aiming to optimize returns while managing risks according to client objectives.

Financial Regulator or Compliance Officer: With a strong understanding of financial regulations and ethical standards, graduates can pursue roles in regulatory bodies or compliance departments of financial institutions. They ensure adherence to regulatory requirements, monitor financial transactions, and assess compliance risks.

Financial Technology (Fintech) Specialist: Given the rapid growth of fintech innovations, graduates can explore roles in fintech companies, focusing on digital banking solutions, blockchain technology, payment systems, or financial software development. They leverage technological advancements to streamline financial processes and enhance customer experiences.

Further Education: The Bachelor of Banking and Finance degree also serves as a solid foundation for further academic pursuits. Graduates may pursue postgraduate studies in finance, economics, business administration, or specialized areas such as quantitative finance or financial engineering to deepen their expertise and enhance career prospects.