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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:
- Demonstrate a broad, critical and practical understanding of contemporary issues and practices in business.
- 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.
- Critically analyse and evaluate financial models to resolve problems using various solutions drawn from theories.
- Pursue continuous personal development and knowledge and skills relating to a business career.
- Engage with business activities in a socially responsible and ethical manner.
- 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.
- Collaborate with others effectively, including in teams, in the workplace, and in culturally or linguistically diverse contexts.
- Apply research principles and methods to design innovative options and solutions for, and make reasoned judgements about, problems and issues in contemporary business practice.
- 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.
English Language Requirements:
For information on English Language Requirements and acceptable English Language tests please see:
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:
- MFIN1059 Corporate Finance
- MFIN1065 Money Markets and Fixed Income Securities
- MFIN1095 Quantitative Methods in Finance
- MFIN1070 Financial Statement Analysis
- MFIN1075 International Finance
- MFIN2081 Risk Management and Financial Engineering
- MFIN1195 Financial Econometrics
- MFIN2467 Legal Aspects of Company Finance
- 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 meet the requirements of the Master of Finance award, students must satisfactorily complete 11 compulsory core units and 1 RMIT postgraduate Business elective.
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
The Master of Finance is comprised of 16 units, however, students who have been admitted into the Master of Finance will receive advanced standing from the following 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
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 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 email@example.com
RMIT_Credit_RPL_Application_Form.pdf (661 KB)
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
- Credit card (Visa and MasterCard)
- Money order
You should make cheques and money orders payable to 'Open Universities Australia' and send them to:
Open Universities Australia
GPO Box 5387
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.