Graduate Certificate in Finance - 2016

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

This page is for past year, View 2017 course details.

Course summary

Course summary - 2016

Level: Postgraduate
Qualification: Graduate Certificate
Number of units: 4 units to complete

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The Graduate Certificate in Finance is a stand-alone award that offers a pathway for further learning leading to the Master of Finance or can be an early exit point for those enrolled in the Master of Finance. The course aims to broaden knowledge and skills for students entering with a qualification in an unrelated discipline, while students from a related discipline will deepen their existing knowledge and skills.

The course will provide you with the practical and theoretical foundations to become a literate analytical practitioner and researcher in finance. This course 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 program 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 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 or higher level qualification in any discipline that includes quantitative studies

Alternate entry
No prior academic qualifications but significant work experience (8-10 years)

English Language Requirements:

For information on English Language Requirements and acceptable English Language tests please see:

International students currently residing in Australia on an international student visa, will not be eligible for the program

Please note: As the unit BAFI3222 Research Project in Finance (24 credit points) is being rested for 2016, the recommended study pattern for the Master of Finance is as follows:

The Master of Finance is comprised of eleven (11) core units and one (1) elective unit as follows:

Stage A:

  • MFIN1059 Corporate Finance
  • MFIN1065 Money Markets and Fixed Income Securities
  • MFIN1095 Quantitative Methods in Finance
  • MFIN1070 Financial Statement Analysis

Stage B:

  • MFIN1075 International Finance
  • MFIN2081 Risk Management and Financial Engineering
  • MFIN1195 Financial Econometrics
  • MFIN2467 Legal Aspects of Company Finance

Stage C:

  • BUSM4449 Business Research Design
  • MFIN1113 Financial Economics
  • *MPAC60 Economic Analysis for Business
  • *RMIT postgraduate Business elective

* For students who are completing Stage C in 2016, it is advised that you enrol in MPAC60 Economic Analysis for Business and an RMIT postgraduate Business elective in place of BAFI3222 Research Project in Finance as this unit is not available until 2017.

To qualify for the RMIT Graduate Certificate in Finance students must complete 4 compulsory units.

The Master of Finance has two early exit points.

Students may exit with a Graduate Certificate in Finance after the successful completion of the first four (4) units
Students may exit with a Graduate Diploma in Finance after the successful completion of the first eight (8) units

Total number of units to complete: 4 units Required Elective Optional
Unit name Code Provider Availability
Corporate Finance
MFIN1059 RMIT Sess 1 - Sess 3
Money Markets And Fixed Income Securities
MFIN1065 RMIT Sess 1 - -
Financial Statement Analysis
MFIN1070 RMIT - Sess 2 -
Quantitative Methods In Finance
MFIN1095 RMIT Sess 1 - Sess 3

Students who successfully complete the Graduate Certificate in Finance will articulate to the Master of Finance with advanced standing, and will be required to complete seven (7) units in order to qualify for the degree.

Credits and exemptions will be assessed consistent with the principles of the RMIT University’s Credit Policy.

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
  • Permanent humanitarian visa holders who will be resident in Australia for the duration of their unit
  • 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

Please note: The Master of Finance has undergone a change due to changes in the Australian Qualification Framework. Students who started their degree prior to 2015 can continue with the pre2015 course. All students beginning their studies from 2015 will need to study the new course structure.