Master of Finance - 2017

Please note: This course has recently undergone a major change. Please refer to Transition Arrangements for more information.

Course summary

Course summary - 2017

Level: Postgraduate
Qualification: Masters Degree
Number of units: 12 units to complete
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Standard hours

Mon - Fri: 8am - late

Sat & Sun: 9am - 5pm

All times in Australian Eastern
Standard Time (AEST) or Australian Eastern Daylight Time (AEDT)

The Master of Finance will provide you with the practical and theoretical foundations to become a literate analytical practitioner and researcher in finance. This program integrates work and learning, and aims to develop specific knowledge and skills in finance, and more generic capabilities in research, analysis and problem-solving, to meet the current and future expectations of finance and related industries.

Over the duration of the course you will experience a variety learning experiences which are designed to assist developing skills as finance professional and as an independent and lifelong learner. Teaching and learning approaches for this course include: lectures and tutorials, problem-based learning, assignments, projects, the use of assessment and feedback tools, activities using the Financial Markets Training Simulator as well as the completion of a major research project. The types of assessment used in the course may take the form of formal examinations, assignments, case studies, projects, and in-class tests.

The range of occupations available for graduates of this course is varied, but includes banking, stockbroking, funds management, insurance and superannuation industries or in other private sector or government organisations which have a requirement for high level, technical expertise in finance. The capstone unit International Finance  will give you the opportunity to critically reflect on this course’s curriculum. The unit will promote the integration and synthesis of a range of knowledge and skills gained in the course and the application of these in discipline related real-world scenarios leading to work readiness or entry to graduate studies. 

The course is designed to develop graduate outcomes, which aim to enhance general (analytical, problem solving, communication) and specific knowledge required to meet the current and future needs and expectations of society and the workplace. At the successful completion of this course you will have developed the knowledge and skills to be able to work as finance industry professionals.

On successful completion of this course you will be able to:

  1. demonstrate a broad, critical and practical understanding of contemporary issues and practices in business
  2. apply concepts, principles, theories and methods in the area of finance, risk management, legal practice and corporate governance to contribute to the implementation of the financial goals of an organisation
  3. critically analyse and evaluate financial models to resolve problems using various solutions drawn from theories
  4. pursue continuous personal development and knowledge and skills relating to a business career
  5. engage with business activities in a socially responsible and ethical manner
  6. communicate ideas, intentions and outcomes clearly, and negotiate issues and resolve conflicts in bilateral and team settings using appropriate communication modes for specialists and non-specialist audiences
  7. collaborate with others effectively, including in teams, in the workplace, and in culturally or linguistically diverse contexts
  8. apply research principles and methods to design innovative options and solutions for, and make reasoned judgements about, problems and issues in contemporary business practice
  9. apply and integrate professional theory with practice in authentic Work Integrated Learning (WIL) contexts, professional contexts and industry settings.

Upon successful completion of the Master of Finance graduates will meet the education requirements for membership of FINSIA.

Academic Entrance requirements
Australian Bachelor degree or equivalent in Business (or a related discipline) that includes quantitative studies; or

Successful completion of the RMIT Graduate Certificate in Finance; or

Australian Graduate Certificate, Graduate Diploma or Masters degree or equivalent in Business (or a related discipline) that includes quantitative studies.

Entrance requirements for international onshore applicants
All non-Australian residents and overseas full-fee paying students are required to meet RMIT English language requirements. For more information on these requirements and acceptable English Language tests please see www.rmit.edu.au/international/english-equivalent.

The Master of Finance is comprised of twelve (12) core units as follows:

Stage A:

  • MFIN1070 Financial Statement Analysis
  • MFIN1113 Principles of Finance
  • MFIN1095 Quantitative Methods in Finance
  • MPAC60 Economic Analysis for Business

Stage B:

  • MFIN1059 Corporate Finance
  • MFIN2081 Options, Futures and Risk Management
  • MFIN2077 Investment Analysis
  • MFIN1075 International Finance

Stage C:

  • BUSM4449 Business Research Design
  • MFIN1065 Fixed Income Securities and Credit Analysis
  • MFIN3180 Alternative Securities
  • MFIN3178 Portfolio Management

To meet the requirements of the Master of Finance award, students must satisfactorily complete 12 core units.

The Master of Finance has two early exit points.

To meet academic requirements for the Graduate Certificate in Finance, students must successfully complete stage A (4 units).
To meet academic requirements for the Graduate Diploma in Finance, students must successfully complete stages A and B (8 units).

Total number of units to complete: 12 units Required Elective Optional
Unit name Code Provider Availability
Financial Statement Analysis
MFIN1070 RMIT - Sess 2 -
Principles of Finance
MFIN1113 RMIT Sess 1 - Sess 3
Quantitative Methods In Finance
MFIN1095 RMIT Sess 1 - Sess 3
Economic Analysis for Business
MPAC60 RMIT - Sess 2 -
Corporate Finance
MFIN1059 RMIT Sess 1 - Sess 3
Options, Futures and Risk Management
MFIN2081 RMIT - Sess 2 -
Investment Analysis
MFIN2077 RMIT Sess 1 - Sess 3
International Finance
MFIN10751 RMIT - Sess 2 -
Business Research Design
BUSM4449 RMIT Sess 1 Sess 2 -
Fixed Income Securities and Credit Analysis
MFIN1065 RMIT Sess 1 Sess 2 Sess 3
Alternative Securities
MFIN3180 RMIT Sess 1 - Sess 3
Portfolio Management
MFIN3178 RMIT - - Sess 3

1 Capstone unit

Students who successfully complete the Graduate Certificate in Finance will articulate to the Master of Finance with advanced standing of the following four (4) Business enabling units:

• Management 1 - Managing People
• Business and Government in the Global Context
• Global Business and Social Technology: A Case Study Approach
• Accounting for Management Decisions

Credits will be assessed consistent with the principles of the RMIT University's Credit Policy.

If you wish to apply for RPL or Credit, please complete the below PDF form and attach it to your course application.

If you have already submitted your course application, please send your RPL/Credit application directly to RMIT at business-student@rmit.edu.au

RMIT_Credit_RPL_Application_Form.pdf (661 KB)

You can pay fees in one of two main ways:

Eligible OUA students can access the government loan scheme known as FEE-HELP. You pay back the loan through your taxes once your income reaches a minimum threshold.

Who can access it?

  • Australian citizens who will undertake, in Australia, at least one unit of study contributing to their course
    OR
  • Permanent humanitarian visa holders who will be resident in Australia for the duration of their unit
    OR
  • Permanent visa holders who are undertaking bridging study for overseas-trained professionals, and will be resident in Australia for the duration of their study

Find out more about FEE-HELP

You can pay your fees upfront - in full at the beginning of a unit - using:
  • Credit card (Visa and MasterCard)
  • Cheque
  • Money order

You should make cheques and money orders payable to 'Open Universities Australia' and send them to:
Open Universities Australia
GPO Box 5387
Melbourne 3001
Australia

The Master of Finance/Graduate Certificate in Finance has undergone a major change in 2017. Please refer to the information below for Transition Arrangements.

  1. Students that have completed Stage A in the old program structure (the 4 Business Enabling Courses) should enrol directly in the new stage B.
  2. If you have completed Stage A in the old program structure, plus MFIN1059 Corporate Finance and MFIN1065 Money Markets and Fixed Income Securities, you must complete MFIN1070 Financial Statement Analysis, MFIN1113 Principles of Finance, MFIN1095 Quantitative Methods in Finance and MPAC60 Economic, Analysis for Business before completing the remaining courses in the new program structure.
  3. If you have completed Stages A and B in the old program structure, you must complete MFIN1113 Principles of Finance, MPAC60 Economic Analysis for Business, MFIN2077 Investment Analysis and MFIN2081 Options, Futures and Risk Management before completing the remaining courses in the new program structure.
  4. If you have completed Stages A and B in the old program structure, plus MFIN1075 International Finance and MFIN2081 Risk Management and Financial Engineering, you are required to complete MFIN1113 Principles of Finance and MPAC60 Economic Analysis for Business in your next semester. You will also need to complete MFIN2077 Investment Analysis, BUSM4449 Business Research Design, MFIN3180 Alternative Securities and MFIN3178 Portfolio Management.
  5. If you have completed Stages A, B and C in the old program structure, You are not required to complete MFIN1113 Principles of Economics and MPAC60 Economic Analysis for Business. You are now required to complete MFIN2077 Investment Analysis, BUSM4449 Business Research Design, MFIN3180 Alternative Securities and MFIN3178 Portfolio Management.
  6. If you have not yet completed BAFI3222 Research Project in Finance, you are no longer required to and should complete MFIN3180 Alternative Securities AND MFIN3178 Portfolio Management instead.
  7. For students who have completed one or more optional courses in in the old program structure that are now core courses in the new structure, individual transition plans will be developed.
  8. For students who are not progressing in the normal sequence, individual transition plans will be developed.

For further information about this change, students can contact Business Central via email to business-student@rmit.edu.au.

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