Course director: Mr Michael Vincent
The course
This course is generally open only to candidates who have reached the age of twenty-three years and over.
The course is offered on a part-time basis only and is of six years duration. A part-time candidate is expected to undertake two subjects per semester.
Objectives
* The objectives for the Bachelor of Business (Banking and Finance) are as follows:
* 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
The course is taught off-campus. Saturday study days are held at Caulfield campus, three times throughout each semester. Attendance at these study days is not compulsory. Course administration is the responsibility of the Syme Department of Banking and Finance, 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) by distance education:
* 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 DEA1110, DEB1300, DEB1710, DEB1010)
* 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.
Electives
Candidates can select electives from a wide range of business related subjects offered through the Faculty of Business and Economics and the Distance Education Centre (Gippsland campus) upon approval from the course director.
Application procedures
All applicants should contact the Distance Education Course Administrator, Syme Department of Banking and Finance, Monash University, Caulfield campus, PO Box 197, Caulfield East, Victoria 3145 for application forms and instructions. Telephone (03) 903 2359 Fax (03) 903 2838.
Note: Applicants should clearly state the full name of the course to ensure that the correct material is sent, viz. Bachelor of Business (Banking and Finance) by distance education.
Course structure
Year one
First semester
* DEA1110 Accounting and financial decision making
* DEM1300 Introduction to management
Second semester
* DEK1120 Marketing theory and practice
* DEB1300 Money and capital markets
Year two
First semester
* DEB1010 Commercial law
* DEB2710 Microeconomics
Second semester
* DEB1710 Macroeconomics
* DEE1640 Business mathematics and statistics
Year three
First semester
* DEB2401 Commercial banking and finance
* DEB2171 Business statistics and forecasting
Second semester
* DEB2601 Banking law
* DEA2631 Financial management
Year four
First semester
* DEB2331 Monetary theory and policy
* DEB2801 Lending law
Second semester
* DEM2691 Management of organisational performance
* DEB9011 Elective
Year five
First semester
* DES3141 Issues in competitive advantage
* DEB3841 Lending decisions
Second semester
* DEB3931 Taxation law
* DEB9021 Elective
Year six
First semester
* DEB3651 Treasury management
* DEB3331 International banking and finance
Second semester
* DEM3231 Strategic planning for financial institutions
* DEB9031 Elective