Master of Finance

Professional recognition

This program is not accredited by professional bodies. However, some professional bodies may offer qualification recognition on a case by case basis. Students and/or graduates should contact the professional body of interest directly to seek advice on recognition of their qualification.

The information below lists the professional bodies who may offer membership to students and/or graduates as a career enabler which could include opportunities for networking and access to discipline specific resources. Application for membership is the student/graduate's responsibility.

Financial Services Institute of Australia [FINSIA]

• Students eligible for membership category: Student
• Graduates eligible for membership category: Affiliate
• Graduates eligible for membership category: Associate (require 3+ years experience)
• Graduates eligible for membership category: Senior Associate (require 5+ years experience)

www.finsia.com

Finance and Treasury Association [FTA]

Graduates eligible for membership category: Certified Finance and Treasury Professional

www.financetreasury.com.au

An extensive network of industry connections supports this program. Business practitioners, lecturers from industry, guest speakers and industry-relevant projects underpin the work integrated learning components of this program. An industry advisory board ensures current standards and practice are reflected in this program.

Career objectives

The degree 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 degree you will have developed the knowledge and skills to be able to work as finance industry professionals.

Higher education

You must meet one of the following 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 Proficiency Requirements

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

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 subjects:

• 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 degree application.

If you have already submitted your degree application, please send your RPL/Credit application directly to RMIT via RMIT Connect

RMIT Credit RPL Application Form (661 KB)

The Master of Finance will provide you with practical and theoretical foundations 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.

The program prepares students for financial problems they will encounter in business, equipping them with the skills to identify and explore complex elements and develop innovative solutions. Over the duration of the course you will experience a variety of learning experiences which are designed to assist in developing skills as a finance professional and 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. The types of assessment used in the course may take the form of formal examinations, assignments, case studies, projects, and online tests.

In the first year of the program, the aim of the courses is to provide students with the fundamental theoretical aspects of finance. This allows students to develop a solid foundation for later studies in finance and will enable them to provide discipline-based solutions within a business, professional or public context. In the second year of the program, students will develop a sound knowledge base and acquire a thorough understanding across specific areas of finance. Most units involve a research project component where students must demonstrate their ability to interact with industry, complete an activity in a work context and work in a multidisciplinary team.

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 a high level, technical expertise in finance.

The capstone unit Portfolio Management will give you the opportunity to critically reflect on this program’s curriculum. The course will promote the integration and synthesis of a range of knowledge and skills gained in the program and the application of these in discipline related real-world scenarios leading to work readiness or entry to graduate studies.

Recommended Study Pattern

The Master of Finance is comprised of twelve (12) core subjects 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

Award Requirements

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

Exit Points

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) subjects:

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

Students may exit with a Graduate Diploma in Finance after the successful completion of the first eight (8) subjects:

• MFIN1070 Financial Statement Analysis  
• MFIN1113  Principles  of  Finance
• MFIN1095 Quantitative Methods in Finance
• MPAC60 Economic Analysis for Business
• MFIN1059  Corporate Finance
• MFIN2081 Options, Futures and Risk Management
• MFIN2077 Investment Analysis
• MFIN1075 International Finance

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. 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
2. 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
3. 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
4. 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
5. 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
6. 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
7. 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.