B6004 - Master of Banking and Finance - 2017

This comprehensive master's degree will provide you with a thorough understanding of the banking and finance industry. Designed for people who have limited prior knowledge in finance and are looking to enter the industry, the course is ideal if you want to build strong skills in banking and finance, develop your knowledge of financial institutional issues and gain practical experience in applying your acquired knowledge.

These course outcomes are aligned 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 (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

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

1. be critical and creative scholars who:
   • produce innovative solutions to problems
   • apply research skills to business challenges
   • communicate effectively and perceptively
2. be responsible and effective global citizens who:
   • engage in an internationalised world
   • exhibit cross-cultural competence
   • demonstrate ethical values
3. 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
4. demonstrate a mastery of banking and finance and be able to apply theoretical and practical knowledge and skills in banks and business enterprises.

The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies. All students complete Part B. Depending upon prior qualifications, you may receive credit for Part A or Part C or a combination of the two.

Part A. Advanced preparatory

These studies will introduce you to core commerce disciplines and the impact they have within organisations. The units cover various disciplines and further your understanding of complex business environments.

Part B. Mastery knowledge

These units will provide you with a comprehensive study of banking and finance disciplines and the impact they have on decision-making in banks and institutions.

Part C. Application studies

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development. You will be able to demonstrate your banking and finance knowledge and be able to apply these skills in banks and business enterprises.

The course comprises 96 points structured into three parts: Part A. Advanced preparatory studies (24 points), Part B. Mastery knowledge (48 points) and Part C. Application studies (24 points).

• Students admitted at Entry level 1 complete 96 points, comprising Part A, Part B and Part C.
• Students admitted at Entry level 2 complete 72 points, comprising Part B and Part C.
• Students admitted at Entry level 3 complete 48 points, comprising Part B.

Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.

The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2017handbooks/maps/map-b6004.pdf) will assist you to plan to meet the course requirements, and guidance on unit enrolment for each semester of study.

Units are 6 credit points unless otherwise stated.

Part A: Advanced preparatory studies (24 points)

Students complete:

a. Three units (18 points):

• ACC5903 Accounting for business
• ECC5953 Economics
• ETC5900 Business statistics

b. One unit from the following:

• BTC5904 Law and commercial decisions
• MGF5020 Business ethics in a global environment

MGF5921 Foundations in human resource management

MKX5955 Marketing and the international consumer

Part B: Mastery knowledge (48 points)

Students complete:

• BFC5130 Case studies and research in banking and finance
• BFC5260 Money market dealing or BFC5914 Bank lending
• BFC5280 Institutional asset and liability management
• BFC5915 Options, futures and risk management
• BFC5916 International banking
• BFC5925 Financial management theory
• BFC5926 Australian capital markets
• BFC5935 Portfolio management and theory

Part C: Application studies (24 points)

Students complete four units (24 points) at either level 4 or 5. Elective units may be chosen from the Faculty of Business and Economics or across the University so long as you have the pre-requisite and there are no restrictions on admission to the units.

Students are recommended to complete electives from the following list:

• ACF5950 Introductory accounting
• ACF5955 Management accounting
• BEX5200 Climate change and carbon management strategies
• BFF5021 Case studies in risk management
• BFF5050 Global banking institutions and issues
• BFF5270 Funds management
• BFF5380 Credit risk modelling
• BFF5390 Advanced financial planning
• BFF5580 Mergers and acquisitions
• BFF5902 Introduction to risk principles
• BFF5913 Financial planning
• BFF5977 Risk financing and treasury management
• BFX5860 International study program in banking and finance

Electives can also be identified using the browse unitsbrowse units (http://www.monash.edu.au/pubs/handbooks/units/search) tool and indexes of unitsindexes of units (http://www.monash.edu.au/pubs/handbooks/units/) in the current edition of the Handbook. The level of the unit is indicated by the first number in the unit code. You may need permission from the owning faculty to enrol in some units taught by other faculties.

Students may exit this course early and apply to graduate with one of the following awards, provided they have satisfied the requirements for that award during their enrolment in the master's course:

• Graduate Certificate in Business after successful completion of 24 credit points of study with a minimum of 18 credit points at level 4 or above.
• Graduate Diploma in Business after successful completion of 48 credit points of study with a minimum of 36 credit points at level 4 or above.