Masters (MS) in Finance in Australia: Universities, Eligibility, Fees, Placements, and Salary

Masters in Finance is a widely sought-after professional degree course in Australia. The course offers advanced-level learning in the domain of Finance to undergraduate students who already have a fair understanding of the subject. In addition, the course is also a suitable fit for those who have a keen desire to know more about financial matters and their implications on businesses.

Australia promises a bright scope for MS Finance graduates in terms of lucrative placement opportunities and salary packages upon course completion. Besides this, the universities in Australia offer a variety of specialised courses under the MS in Finance course for students with varied interests in different areas of the subject. The article below elaborates on the various top universities offering MS in Finance in Australia, their eligibility criteria for students, course fees, and other aspects of the course.

Why Study Masters in Finance in Australia?

Australia is one of the highly searched destinations abroad for pursuing MS in Finance. The country is home to several leading professionals in the world of finance and also offers plenty of opportunities for research-led learning at its universities. Given below are some other reasons why studying Masters in Finance in Australia is a wise choice for international students:

1. The subjects covered in the course curriculum of MS Finance at Australian universities equip students with the desired skills to understand the finer intricacies of finance.

2. Australia offers international students a host of scholarship options to make the course easily affordable.

3. A majority of the universities offering the Masters of Finance course in Australia feature among the top universities in

   QS World University Rankings.

Finance Courses in Australia

Australian universities offer a diverse range of courses in the field of Finance to students hailing from different parts of the world. These courses aim to provide students with in-depth knowledge and insights into various facets of finance, including financial ethics, corporate finance markets, and diverse financial theories.

The Master of Finance courses offered at different universities in Australia provide students with the option to specialize in a particular area of interest and excel in it. The duration of the course varies between 1 to 2 years, depending on the university. Some of the specializations offered under the Master of Finance program at most Australian universities are:

1. Master of Finance and Marketing

2. Master of Applied Finance

3. Master of Finance

4. Master of Business

5. Master of Finance Planning

6. Master of Actuarial Science

7. Master of Banking and Finance

8. Master of Finance and International Banking

9. Master of Commerce

Eligibility Criteria for Masters of Finance in Australia

Every university in Australia provides its own specific set of eligibility criteria for students aspiring for admission into the MS in Finance course. However, some standard and commonly acceptable admission requirements for the course are listed below for your reference:

1. Bachelor’s or Undergraduate degree in Corporate Finance, Accounting, Investments, or a related field of study

2. A minimum score of 280-340 in the GRE and 625-700 in the GMAT

3. A minimum score range of 6-7 in IELTS

4. A valid passport and student visa to Australia

5. Prior work experience in the field (preferred though not mandatory)

In addition to the above, you would be required to keep the following documents handy for submission with your application for admission:

1. Statement of Purpose (SOP)

2. Academic High School Transcripts

3. Proof of funds

4. Updated CV

5. Letter of Recommendation from a previous institution or employer (as the case may be)

6. Personal essay highlighting your intent to study MS in Finance in Australia

Also read- Types of offer letter- conditional vs unconditional

Cost of Studying MS in Finance in Australia for Indian Students

Indian students traveling to Australia for Masters in Finance are required to pay an average tuition fee of approx. 34,000-70,000 AUD per annum. The tuition fee for the course is exclusive of all other expenses that the student is likely to incur on accommodation, shopping, food, and additional costs of living in Australia.

Also, note that the Masters in Finance Australia fees are likely to vary from one university to another; hence, it is advisable to enquire at the university you apply to about the exact course fee structure.

Top Colleges / Universities for Masters in Finance in Australia

Australia proudly hosts several high-ranked universities (as per QS World University Rankings) that offer Masters in Finance to numerous international students every year. Listed below are some of the top universities in Australia for Masters in Finance. The next intake information for these universities for the MS in Finance course is also detailed against each institution.

1. The University of New South Wales (UNSW Sydney) - April

2. The University of Melbourne - Feb

3. The University of Sydney - Feb

4. Monash University - Sep

5. Australian National University (ANU) - Sep

6. The University of Queensland - Feb

7. University of Technology Sydney - Sep

8. Macquarie University - Sep

9. RMIT University - Sep

10. Deakin University - Sep

Source: https://www.topuniversities.com/university-rankings/university-subject-rankings/2022/accounting-finance

Scholarships for Masters in Finance in Australia for International Students

Australia highly encourages students from different parts of the world to realise their dream of studying abroad. The country and its universities offer a multitude of scholarship options to international students, making the courses more affordable and attractive to them. MS in Finance in Australia is no exception to this. Following are the most popular scholarship funding options available for the course at different Australian universities:

Career Scope for MSc Finance Graduates

Completing the two-year degree course in Masters in Finance from a reputable university in Australia is highly likely to open a whole world of career prospects before the course graduates. Some of the highly bagged finance jobs in Australia include the following:

1. Personal Financial Advisor

2. Financial Examiner

3. General and Operations Manager

4. Financial Manager

5. Budget Analyst

6. Loan Officer

7. Financial Analyst

Upon completion of a Masters course in Finance from an Australian university, various job roles may become available. The average salary of a course graduate in Australia is around 67,000 AUD (approximately). However, this figure may differ depending on the employer, years of experience, and the individual's skill set upgrades.

FAQs

1. What is the course duration of Masters of Finance in Australia?

The average duration of an MS in Finance course at an Australian university may vary between 1 and 2 years, depending on the course curriculum designed by the particular university, among other reasons.

2. Are there any scholarships available for MS in Finance in Australia?

Yes! Masters in Finance course offered at Australian universities invites scholarship applications from numerous international students every year. Some of the most popular scholarship funds available for the course are:

1. University of Sydney International Research Scholarship (USydIS)

2. ANU Chancellor’s International Scholarship

3. Australia Research Training Program (RTP) Scholarship

4. International Merit Scholarships

5. Sydney Scholars India Equity Scholarship

3. What subjects are covered in the Masters of Finance course in Australia?

Some of the core subjects taught as part of the MS Finance curriculum taught at major universities in Australia include:

1. Investment Analysis and Portfolio Management

2. Financial Statement Analysis

3. Financial Management

4. Quantitative Methods in Finance I and II

5. Investment Banking

4. What is the career scope after Masters in Finance in Australia?

Graduates of MS Finance from an Australian university are highly likely to find jobs in the following industries/sectors:

1. Corporate Management

2. Banks

3. Brokerage companies

4. Insurance firms

5. Investment services

6. International Financial Management

5. What is the average salary of a finance professional in Australia?

The average annual pay scale in the finance industry in Australia starts at around 78,657 AUD.

6. How can Indian students apply for Masters in Finance in Australia?

For admission into an Australian university to pursue MS in Finance, the applicant must have a relevant Bachelor's degree in a related field of study and valid and acceptable IELTS test scores as proof of English language proficiency. Besides this, a valid passport and student visa to Australia are also necessary for entry into Australia.

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