Master of Banking and Finance - 2019

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 you 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.

This degree is accreditated by relevant Australian professional bodies. Refer to the Monash Business School professional recognitionprofessional recognition (https://www.monash.edu/business/future-students/graduate-study-options/after-you-graduate/professional-recognition) page.

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).

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

Note: If you are eligible for credit for prior studies you 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/2019handbooks/maps/map-b6004.pdf) provides guidance on unit enrolment for each semester of study.

Units are 6 credit points unless otherwise stated.

Part A: Advanced preparatory studies (24 points)

You must complete:

a. Four units (24 points):

• ACC5903 Accounting for business
• BFC5925 Financial management theory
• ECC5953 Economics
• ETC5900 Business statistics

Part B: Mastery knowledge (48 points)

You must complete:

• BFC5130 Case studies in banking and finance
• BFC5280 Institutional asset and liability management
• BFC5914 Bank lending
• BFC5915 Options, futures and risk management
• BFC5916 International banking
• BFC5926 Financial institutions and markets
• BFC5935 Portfolio management and theory
• BFC5936 Financial modelling

Part C: Application studies (24 points)

You must 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 as long as you have the pre-requisite and there are no restrictions on admission to the units.

You are recommended to complete electives from the following list:

• ACF5130 Financial statement analysis and business valuation
• ACF5950 Introduction to financial accounting
• ACF5955 Management accounting
• BEX5200 Climate change and carbon management strategies
• BFC5913 Financial planning
• BFC5380 Credit risk modelling
• BFF5021 Case studies in risk management
• BFF5230 Global financial markets
• BFF5270 Funds management
• BFF5580 Mergers and acquisitions
• BFF5902 Introduction to risk management
• BFF5977 Risk financing and treasury management
• BFX5260 Treasury and financial markets
• BFX5860 International study program in banking and finance

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

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