Monash University

Postgraduate - Course

Students who commenced study in 2014 should refer to this course entry for direction on the requirements; to check which units are currently available for enrolment, refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course.

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This course entry applies to students commencing this course in 2014 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics

Managing facultyBusiness and Economics
Abbreviated titleMBkg&fin
CRICOS code079580M
Total credit points required96
Standard duration of study (years)2 years FT, 4 years PT
Study mode and locationOn-campus (Caulfield)
Admission, fee and application details
Contact details

Caulfield Student Services, telephone: +61 3 9903 1400, fax: +61 3 9903 1357, email:


  • Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.


This course aims to provide students who do not have a major in finance with theoretical knowledge and skills in the banking and finance disciplines.


These course outcomes are aligned with the Australian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate AttributesAustralian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate Attributes (

Upon successful completion of this course it is expected that graduates will:

(a.) be critical and creative scholars who:

  • produce innovative solutions to problems
  • apply research skills to business challenges
  • communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

  • engage in an internationalised world
  • exhibit cross-cultural competence
  • demonstrate ethical values

(c.) have a comprehensive understanding of their discipline and be able to provide discipline-based solutions relevant to the business, professional and public policy communities we serve

(d.) demonstrate a mastery of banking and finance and be able to apply theoretical and practical knowledge and skills in banks and business enterprises.

Credit for prior studies

Students may be eligible for up to 48 credit points for previous graduate level or honours level studies in business. Credits or exemptions up to 24 credit points may be granted for previous undergraduate studies in business or an honours degree in a non-business discipline. Students with a prior business degree may elect to do the 96 credit point program but may be required to apply for exemptions from units which cover banking and or finance topics previously studied.

Professional recognition

Refer to the faculty's Professional recognition of coursesProfessional recognition of courses ( page in this Handbook.


This course consists of business foundation units, specialisation mastery units and electives.


Students must complete:

(a.) four business foundation units* (24 points):

(i.) three compulsory units:

(ii.) one unit from the following list:

  • BTF5903 Law and business decisions
  • MGF5870 Organisational and business dynamics
  • MGF5921 Foundations in human resource management
  • MKX5955 Marketing and the international consumer

(b.) seven specialisation mastery units (42 points):**

  • BFF5260 Money market dealing or BFF5280 Institutional asset and liability management
  • BFF5310 Case studies and research in banking and finance***
  • BFF5915 Options, futures and risk management
  • BFF5925 Financial management theory
  • BFF5926 Australian capital markets
  • BFF5935 Portfolio management and theory
  • BFF5973 International finance or BFF5916 International banking and finance

* Business graduates may receive credit for these units.

** The capstone unit and other designated specialisation mastery units incorporate the application of research principles, including research methods applicable to the banking and finance discipline.

*** Capstone unit available in 2015.

(c.) five 5000-level banking and finance electives from the following list or other related units as approved by the course coordinator (30 points):

  • ACF5130 Financial statement analysis and business valuation
  • ACF5953 Financial accounting
  • ACF5955 Management accounting
  • BFF5021 Case studies in risk management
  • BFF5031 Principles of risk transfer
  • BFF5050 Global banking institutions and issues
  • BFF5260 Money market dealing
  • BFF5270 Funds management
  • BFF5280 Institutional asset and liability management
  • BFF5380 Credit risk modelling
  • BFF5390 Advanced financial planning
  • BFF5580 Mergers and acquisitions
  • BFF5901 Climate change and emissions trading
  • BFF5902 Introduction to risk principles
  • BFF5913 Financial planning
  • BFF5914 Bank lending
  • BFF5977 Risk financing and treasury management
  • BFX5860 International study program in banking and finance

Alternative exit(s)

Students wishing to exit the Master of Banking and Finance early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

  • 1679 Graduate Certificate in Business after successful completion of 24 points of study
  • 3848 Graduate Diploma in Business after successful completion of 48 points of study.


Master of Banking and Finance