Bachelor of Business (Banking and Finance) by distance education BBus(Bkg&Fin)

Important information
The course
Objectives
Professional accreditation
Venue
Credit for work done elsewhere
Electives
Application procedures
Course structure

Important information

Course code: 0391

Course director: Mr Michael Vincent

This course is principally designed for students seeking a career in the banking and finance industry or who are already employed in the banking and finance industry and are seeking a relevant tertiary qualification on a part-time basis. In addition to a core of business foundation subjects, the course provides a specialist study in a number of key functional areas of relevance to financial institutions and markets. Three elective subjects may be taken during the second half of the course. This course is generally open only to candidates who have reached the age of twenty-three years and over.

The course is offered on a part-time basis only and is of six years duration. A part-time candidate is expected to undertake two subjects per semester.

Objectives

The objectives for the Bachelor of Business (Banking and Finance) are as follows:
to provide a course of direct relevance to careers in business and specifically in the banking and finance industry, which should allow the graduate to make an early contribution;
to provide thorough exposure to a wide range of disciplines to ensure that the graduate achieves a comprehensive business training and develops a broad perspective on business and its role beyond his/her specialised area of interest;
to provide an education that emphasises the changing nature of business theory and practice, thereby encouraging the student to become an independent learner cognisant of his/her needs for continuing education;
to develop skills in communication and interpersonal behaviour, allowing the student to work effectively both in a team and independently;
to develop the capacity to synthesise and apply knowledge from a number of separate disciplines when analysing specific problems;
to establish a suitable basis for postgraduate study.

On completion of this course a student should be able to:

explain the main features of the Australian financial system, and of the international financial system, including institutional arrangements, financial instruments and the relevant legal framework;
use mathematical and computing aids in financial applications such as interest calculations, pricing financial instruments and measurement of financial risk;
analyse the different risks and returns faced by financial institutions and other participants in financial markets; and assess the effectiveness of alternative management systems;
satisfy the educational requirements of the Australian Institute of Banking and Finance;
access research materials from various sources, identify relevant financial areas which would justify further research and plan appropriate research strategies.

Professional accreditation

The degree satisfies the educational requirements for senior associate membership of the Australian Institute of Banking and Finance. Holders of the degree who have not completed the two years employment in the banking and finance industry required for senior associate membership are eligible for associate membership in the interim.

Venue

The course is taught off-campus. Saturday study days are held at Caulfield campus, three times throughout each semester. Attendance at these study days is not compulsory. Course administration is the responsibility of the Syme Department of Banking and Finance, Caulfield campus.

Credit for work done elsewhere

In addition to part one, section four of the degree regulations, the following credit transfers have been standardised for the Bachelor of Business (Banking and Finance) by distance education:

holders of the AAIB award from the Australian Institute of Banking and Finance are eligible for credit for up to six subjects to be determined by the course director;
members of the Institute of Chartered Secretaries and Administrators will be granted credit for three subjects;
holders of a recognised Certificate of Business Studies from a TAFE college are eligible for credit for up to a maximum of four subjects in the course, to be determined by the course director;
holders of a relevant associate diploma (with Year-12 entry) from a TAFE college may be eligible for credits up to a maximum of eight subjects.

Electives

Candidates can select electives from a wide range of business related subjects offered through the Faculty of Business and Economics and the Distance Education Centre (Gippsland campus) upon approval from the course director.

Application procedures

All applicants should contact the off-campus programs administrator, Syme Department of Banking and Finance, Monash University, Caulfield campus, PO Box 197, Caulfield East, Victoria 3145 for application forms and instructions. Telephone (03) 9903 2359 Fax (03) 9903 2838.

Note: Applicants should clearly state the full name of the course to ensure that the correct material is sent, namely Bachelor of Business (Banking and Finance) by distance education.