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.
Postgraduate - Course
This course entry applies to students commencing this course in 2019 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics.
Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.
Admission and fees
Course progression map
Master by coursework
2 years FT, 4 years PT
This course normally takes 2 years full-time to complete but if you have relevant entry qualifications you may receive credit and be able to complete the course in 1.5 years or 1 year full-time, or part-time equivalent.
You have a maximum of 6 years to complete this course including any periods of intermission and suspension, and must be continuously enrolled throughout.
Mode and location
Master of Banking and Finance
Graduate Certificate of Business
Graduate Diploma of Business
Refer to 'Alternative exits' entry below for further requirements and details.
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:
- be critical and creative scholars who:
- produce innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
- be responsible and effective global citizens who:
- engage in an internationalised world
- exhibit cross-cultural competence
- demonstrate ethical values
- 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
- 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):
- Accounting for business
- Financial management theory
- Business statistics
Part B: Mastery knowledge (48 points)
You must complete:
- Case studies in banking and finance
- Institutional asset and liability management
- Bank lending
- Options, futures and risk management
- International banking
- Financial institutions and markets
- Portfolio management and theory
- 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:
- Financial statement analysis and business valuation
- Introduction to financial accounting
- Management accounting
- Climate change and carbon management strategies
- BFC5913 Financial planning
- Credit risk modelling
- Case studies in risk management
- Global financial markets
- Funds management
- Mergers and acquisitions
- Introduction to risk management
- Risk financing and treasury management
- Treasury and financial markets
- 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.