Last Updated on September 8, 2022 by Alvina Ibe
Banking and Finance
Expert master degree
Understand the changing financial world and be part of what comes next with a Master of Banking and Finance.
The Master of Banking and Finance will help you break into the banking or finance industry, even if you are new to it. You’ll gain a thorough understanding of the banking and finance sector, expand your knowledge of financial institutions and take advantage of practical opportunities to apply your knowledge.
In this degree, you’ll cover portfolio management and lending and risk management, as well as money markets and financial management.
Your degree will also come together to form a practical skill set – including critical thinking and communication skills – which you can put to use straight away as you build your career in the dynamic banking and finance sector.
At a glance
|Location||On-campus at Clayton: Full time|
|Note:||International students located in China can commence at Monash Suzhou and then transition to Melbourne, Australia once travel restrictions are eased.|
|Duration||1, 1.5 or 2 years full-time depending on prior qualifications. See entry requirements.|
|Start date||Semester one (February), Semester two (July) and October Intake|
|Qualification||Master of Banking and Finance|
By connecting research and practice, the Master of Banking and Finance enables you to develop a deep understanding of the core role of the global banking industry, and provides practical opportunities to apply your knowledge.
The course positions you for a successful career by developing your theoretical knowledge and strengthening your critical thinking, communication and market research skills.
Graduates typically find work in banks, insurance companies or other institutional settings, in both Australia and internationally.
You need to satisfy the following entrance requirements to be considered for entry to this course.
Minimum Entry Requirements (International students)
|Entry level 1:|
96 points to complete
Duration: 2 years full-time, 4 years part-time
|An Australian bachelor degree (or equivalent) and achieved a weighted average mark (WAM) of 60 or an equivalent grade point average (GPA) as approved by the faculty. Applicants will be ranked and selected based on their entire academic record.|
|Entry level 2:|
72 points to complete
Duration: 1.5 years full-time, 3 years part-time
|An Australian bachelor degree (or equivalent) in a cognate discipline with a WAM of 60, or equivalent qualifications and experience approved by the faculty.ORAn Australian graduate certificate (or equivalent) in a cognate discipline with a WAM of 60, equivalent or qualifications and |
|Entry level 3:|
48 points to complete
Duration: 1 year full-time, 2 years part-time
|An Australian bachelor honours degree (or equivalent) in a cognate discipline with a WAM of 60, or equivalent qualification and experience approved by the faculty, which has not been used as a basis for entry to another course within the Monash Business School.|
English entry requirements
|IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0||Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50||TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21||Equivalent approved English test|
University entrance requirements
Minimum entrance requirements for admission to Monash University Australia.
The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies.
These studies will introduce you to core commerce disciplines and the impact they have within organisations. The units cover various disciplines and further your understanding of complex business environments.
These units will provide you with a comprehensive study of banking and finance disciplines and the impact they have on decision-making in banks and institutions.
The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development. You will be able to demonstrate your banking and finance knowledge and be able to apply these skills in banks and business enterprises.
Making the application
Semester one (February)
Apply directly to Monash using course code B6004
Semester two (July)
Apply directly to Monash using course code B6004
Accelerate your studies with our October intake. Find out how to apply and more. [https://www.monash.edu/study/oct-intake-2021].
Current Monash students
You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.
Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful.
Self assess for credit eligibility
Check for study credit using the “Credit search” link on the Credit for prior stuy page
Fees are subject to change annually.
NotePlease note: The fee information displayed is based on the 2021 rates and should only be used as a guide.
Fees are per 48 credit points which represents a standard full-time course load for a year.
We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course.
International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.
CRICOS code: 079580M