Bachelor of Finance - 2019

This degree offers you the opportunity to complete a professional, highly focussed qualification in finance. It is quantitatively oriented and provides both depth and breadth in finance. You will learn about and apply theory and concepts in finance to enable you to critically evaluate and make decisions regarding capital investment, mergers and acquisitions, foreign exchange, valuation of financial securities and firms, money market dealing, financial forecasting, bonds and stocks and gain a comprehensive exposure to options, future and other derivatives. With this qualification you can aspire to a large number of roles in finance, including group finance director, commodities trader, derivatives trader, investment banker, project finance analyst, trade finance specialist, stockbroker, chief financial officer, mergers and acquisitions specialist, commercial banker, credit analyst, risk manager, corporate finance analyst, finance director, investment advisor, derivative or commodities trader, investment banker or corporate treasurer.

Double degrees

The Bachelor of Finance can be taken in combination with the following course:

• Bachelor of Commerce

Completing a double degree course will allow you to graduate with two degrees, Bachelor of Finance and the degree awarded by the partner faculty. The requirements for the award of each of the degrees is the same whether the award is earned through a single or double degree course. You should refer to the relevant double degree handbook entry for the specific requirements.

These course outcomes are aligned with the Australian Qualifications Framework level 7 and Monash Graduate AttributesAustralian Qualifications Framework level 7 and Monash Graduate Attributes (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

Upon successful completion of this course it is expected that you will be able to:

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. demonstrate broad knowledge and technical skills in the area of their specialisation and be able to provide discipline based solutions relevant to the business, professional and public policy communities that we serve
4. be able to analyse and interpret financial data, demonstrate the use of fundamental financial models and empirical techniques and formulate and present investment and financing decisions and justifications thereof, to comply with the Australian Business Dean's Council endorsed Finance Learning Standards of knowledge, application, judgment, communication and teamwork and reflection
5. construct conceptual frameworks and use these to analyse complex issues in the corporate sector, government and the professions.

Some specific or additional units may be required for professional recognition. Refer to the Monash Business School professional recognition (http://www.monash.edu/business/future-students/undergraduate-study-options/after-you- graduate/professional-recognition) page for more information.

The course develops through the four themes of foundation commerce knowledge, specialist discipline knowledge, capstone experience, and elective study.

Part A. Foundation commerce knowledge

These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision-making in organisations. The units consider the impact on the business, professional and public policy communities.

Part B. Specialist discipline knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of finance to provide discipline based solutions to commerce. Units contained within the discipline may meet the requirements for professional accreditation bodies.

Part C. Capstone experience

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

Part D. Elective study

This will enable you to further develop your knowledge of finance, or commerce more broadly, or to select any units from across the University in which you are eligible to enrol including to complete a major or minor from another course.

If you are enrolled in a double degree course, these elective units are used in fulfilling part of the requirements of the other course.

The course comprises 144 points, of which 96 points must be focused on finance and 48 points are used to provide additional depth or breadth.

The course develops through three themes: Part A. Foundation commerce knowledge (24 points), B. Specialist discipline knowledge and Part C. Capstone experience (72 points), and Part D. Elective study (48 points).

Elective study may be at any level, in choosing units you must ensure that you complete no more than 10 level 1 units (60 points) and at least 6 units (36 points) at level 3, of which at least 4 units (24 points) must be from those offered by the Faculty of Business and Economics at the Clayton campus.

The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2019handbooks/maps/map-b2034.pdf) provides guidance on unit enrolment for each semester of study.

Units are 6 points unless otherwise specified.

Part A. Foundation commerce knowledge (24 points)

You must complete:

• ECC1000 Principles of microeconomics
• ECC1100 Principles of macroeconomics
• ETC1000 Business and economic statistics
• ETC2410 Introductory econometrics

Part B. Specialist discipline knowledge and Part C. Capstone experience (72 points)

You must complete:

• ACC1100 Introduction to financial accounting or ACC1200 Accounting for managers
• BFC2140 Corporate finance 1
• BFC2340 Debt markets and fixed income securities
• BFC2751 Derivatives 1
• BFC3140 Corporate finance 2
• BFC3170 Management of financial intermediaries
• BFC3240 International finance
• BFC3241 Equities and investment analysis
• BFC3340 Derivatives 2
• BFC3540 Modelling in finance
• BFX3999 Finance and society*
• ETC3460 Financial econometrics

* Capstone unit.

Part D. Elective study (48 points)

These are free elective units and may be used to develop further depth and breadth in finance or could be units chosen from other business areas or study from across the University (including to complete a major or minor from another course), as long as you have the prerequisites and there are no restrictions on admission to the units. The units may be at any level, however, no more than 10 units (60 points) are to be completed at level 1 in the course.

Enrolment in Faculty of Business and Economics units at campuses other than the campus of enrolment is subject to there being spare capacity after students from that campus have enrolled. You should also be aware of travel and timetabling limitations.

Free electives can be identified using the browse units tool and indexes of units in the current edition of the Handbook. Majors and minors can also be identified using the Handbook indexes. The level of the unit is indicated by the first number in the unit code; undergraduate units are those that commence with the numbers 1-3. You may need permission from the owning faculty to enrol in some units taught by other faculties.

For students in a double degree course, some units required for the other degree can also be credited as electives towards the Finance degree.

Successful completion of this course may provide a pathway to the one year honours program B3701 Bachelor of Commerce (Honours). To be eligible to apply for entry into the Bachelor of Commerce (Honours), you must have achieved a distinction grade average (70%) or above in 24 points of studies at level 3. In addition, some particular units may need to be taken for admission to honours.