Bachelor of Business (Banking and Finance)

• General information
• Aims
• Professional recognition
• Entry requirements
  • Victorian Certificate of Education (VCE)
  • Comparable qualifications
  • Special entry - mature age
• Special requirements
  • Selection
  • PC requirement
• Course structure
  • Course plan
• Electives
• Assessment
• Credits/exemptions
• Further information
• Completed applications

General information

Course code: 0391 * Caulfield campus * HECS fees applicable * No attendance required.
International students (non Australian citizens and residents) may apply for entry on a full-fee paying basis. The annual fee based on a part-time load for an international student is approximately $6000 or $1500 per subject.
Local students (Australian citizens and residents) may also apply for entry on a full-fee paying basis. The annual fee based on a part-time load is $5525 or $1381 per subject. These costs are subject to change - please check with enrolment officer.

Aims

The Department of Accounting and Finance offers the opportunity for people unable to attend formal tertiary institutions the unique study option to gain this highly sought after degree course by distance education.
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 to financial institutions and markets. 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 graduates 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 the student 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 arrangements, financial instruments and the relevant legal framework;
• use the 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 Banking and Finance;
• access research materials from various sources, identify relevant financial areas which would justify further research and plan appropriate research strategies.

Professional recognition

This degree satisfies the educational requirements for senior associate membership of the Australian Institute of Banking and Finance. Holders of the degree who have not completed the two years employment in the banking and finance industry required for senior associate membership are eligible for associate membership in the interim.

Entry requirements

Victorian Certificate of Education (VCE)

Satisfactory completion of VCE with English, Units 3 and 4, at a minimum of C level and Units 3 and 4 of any mathematics at a minimum of D level. A 10 per cent bonus for Units 3 and 4 in any one of accounting, chemistry, economics, geography, legal studies, literature, physics, additional mathematics studies, or in a language other than English (LOTE) with a grade average of D.

Comparable qualifications

Applicants may also satisfy entry requirements with qualifications equivalent to the VCE, eg TAFE qualifications (the first year of a TAFE associate diploma or equivalent TAFE qualification) or comparable Year 12 qualifications, including International Baccalaureate or other approved tertiary study.

Special entry - mature age

Applications are also invited from mature age applicants who, although they may not hold the required Year 12 qualification, may meet entry requirements by undertaking prior studies on a single subject basis.

Special requirements

Selection

Selection will be based on many factors besides the normal application form. Applicants are required to submit an up-to-date resume and two (past/current) written work references with their completed application form. Where possible, a letter from their current employer expressing support for their application and attesting to their general maturity, motivation and commitment.
This is a demanding course and students will require a disciplined plan of study and a high level of personal commitment and determination. Students will need to devote eight to ten hours per week for each subject to complete the reading, exercise questions and assignments.
This program is generally only open to applicants except in exceptional circumstances who have reached the age of twenty-three and over by 1 January 2000.

PC requirement

To complete the subjects successfully at a high standard, it is becoming increasingly essential to have access to a computer (486 processor-based system, 8MbRAM and 10Mb free hard disk space, Windows 3.1 or later) as a portion of the learning is by way of interactive disks. We are progressively moving towards delivering subject study material by electronic software and expect to have the majority of subjects on disks by the end of 1998.
Students in second year undertaking ETF1640 (Business mathematics and statistics) will need to have access to an IBM-compatible microcomputer and a spreadsheet package eg Excel, and will require a Cannon F402 calculator.
The priority closing date for this degree is 15 October 1998.

Course structure

The course is offered on a part-time basis only and is of six years duration by distance education. Students are expected to undertake two subjects per semester, and pass the equivalent of twenty-four semester subjects to be awarded the degree. The duration of each semester is thirteen weeks.

Course plan

The sequence of subjects for distance education study is set out below.

Electives

Candidates can select from a wide range of business-related subjects offered through the Faculty of Business and Economics, or other subjects as approved by the course director.

Assessment

Assessment is by a combination of assignments and final examination for each subject. Examination weighting ranges from 60 per cent to 70 per cent and generally a pass is required in the final examination to pass the subject.

Credits/exemptions

The following credit transfers have been standardised:

• holders of a relevant associate diploma (with Year 12 entry) from a TAFE college may be eligible for credits up to a maximum of eight subjects.
• Other qualifications deemed acceptable by Monash University upon application.

To apply for exemptions, applicants must complete the 'Application for credit transfer' and provide full documentation, ie subject syllabuses and official transcripts of results.

Further information

For more detailed information and advice, contact Ms Melissa Stoffregen, administrator, Flexible Learning Programs, Department of Accounting and Finance, telephone (03) 9903 2359 or fax (03) 9903 2838, email melissa.stoffregen@buseco.monash.edu.au.

Completed applications

Completed applications are to be forwarded to Melissa Stoffregen, Flexible Learning Programs, Department of Accounting and Finance, Monash University - Caulfield campus, PO Box 197, Caulfield East, Victoria, 3145 by 15 October 1999.

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