Course director: Ms Katherine Avram
The course
This course is principally designed for students seeking a career in the banking and finance industry or who are already employed in the banking and finance industry and are seeking a relevant tertiary qualification on a part-time basis. In addition to a core of business foundation subjects, the course provides specialist study in a number of key functional areas of relevance for financial institutions management. Three elective subjects may be taken during the second half of the course. For electives, see under `Choice of elective subjects for Bachelor of Business students' at the end of this section.
Objectives
The objectives of this course are:
* to provide a course of direct relevance to careers in business and specifically in the banking and finance industry, which should allow the graduate to make an early contribution
* to provide thorough exposure to a wide range of disciplines to ensure that the graduate achieves a comprehensive business training and develops a broad perspective on business and its role beyond his/her specialised area of interest
* to provide an education that emphasises the changing nature of business theory and practice, thereby encouraging the student to become an independent learner cognisant of his/her needs for continuing education
* to develop skills in communication and interpersonal behaviour, allowing students to work effectively both in a team and independently
* to develop the capacity to synthesise and apply knowledge from a number of separate disciplines when analysing specific problems
* to establish a suitable basis for postgraduate study.
On completion of this course a student should be able to:
* explain the main features of the Australian financial system, and of the international financial system, including institutional arrangement, financial instruments and the relevant legal framework
* use mathematical and computing aids in financial applications such as interest calculations, pricing financial instruments and measurement of financial risk
* analyse the different risks and returns faced by financial institutions and other participants in financial markets; and assess the effectiveness of alternative management systems
* satisfy the educational requirements of the Australian Institute of Bankers
* access research materials from various sources, identify relevant financial areas which would justify further research and plan appropriate research strategies.
Professional accreditation
The degree satisfies the educational requirements for senior associate membership of the Australian Institute of Bankers.
Venue
Day and evening classes are offered at the Caulfield campus.
Credit for work done elsewhere
In addition to part one, section four of the degree regulations, the following credit transfers have been standardised for the Bachelor of Business (Banking and Finance):
* holders of the AAIB award from the Australian Institute of Bankers are eligible for credit for up to six subjects to be determined by the course director (these will usually include ACC1110, FIN1300, FIN1710, FIN1010)
* members of the Institute of Chartered Secretaries and Administrators will be granted credit for three subjects. Holders of a recognised Certificate of Business Studies are eligible for credit for up to a maximum of four subjects in the course, to be determined by the course director
* holders of a TAFE Associate Diploma in Business Studies (with Year 12 entry) are eligible for credit for up to a maximum of eight subjects.
Course structure
Year one
First semester
* FIN1010 Commercial law
* FIN1710 Macroeconomics
* ECM1640 Business mathematics and statistics
* ACC1110 Accounting and financial decision making
Second semester
* FIN1300 Money and capital markets
* MGM1300 Introduction to management
* FIN2710 Microeconomics
* MKT1120 Marketing theory and practice
Year two
First semester
* FIN2401 Commercial banking and finance
* FIN2171 Business statistics and forecasting
* FIN2601 Banking law
* MGM2691 Management of organisational performance
Second semester
* FIN2801 Lending law
* ACC2631 Financial management
* FIN2331 Monetary theory and policy
* FIN9011 Elective
Year three
First semester
* FIN3651 Treasury management
* FIN3841 Lending decisions
* FIN3931 Taxation law
* FIN9021 Elective
Second semester
* SYM3141 Issues in competitive advantage
* FIN3331 International banking and finance
* MGM3231 Strategic planning for financial institutions
* FIN9031 Elective