QS Rank:

55

Monash University, Melbourne

Victoria
,Australia

Program Rank

36

Program Name
Master in Banking and Finance

Deadline
May 08th, 2025
Overview

The Master of Banking and Finance at Monash University, Melbourne is designed to elevate your career within the dynamic finance sector. This program provides you with a comprehensive understanding of the banking industry and its critical role in the global economy. As a student, you will explore various facets of banking and finance, including monetary systems, financial management, risk assessment, and portfolio management. Under the guidance of esteemed faculty members who are both academics and industry practitioners, you will engage in a curriculum that is both rigorous and relevant. You'll not only gain theoretical knowledge but also practical skills that are essential in today’s competitive finance landscape.
Throughout the course, emphasis is placed on developing strong analytical, communication, and critical thinking skills, which are paramount in navigating the complexities of modern finance. The program covers a diverse range of topics that includes financial modeling, lending strategies, and comprehensive risk management. The curriculum is continually updated to reflect current trends and challenges in the finance industry, ensuring that you are well-prepared to tackle real-world issues upon graduation.
One of the unique aspects of the Master of Banking and Finance at Monash is the integration of research opportunities into the learning experience. Students have access to cutting-edge resources and databases which allow them to engage in meaningful research activities. This not only enhances your academic experience but also prepares you for potential career paths in academia or specialized roles within financial institutions. Collaboration with faculty on research projects is encouraged, providing a platform to explore innovative ideas and contribute to the field.
The program also emphasizes the importance of industry connections and internship opportunities. Monash University boasts a vast network of partnerships with leading financial institutions and global corporations. These relationships facilitate internships and job placements, giving students a competitive edge in the job market. The university’s dedicated career services team works collaboratively with students to identify suitable internship opportunities, helping you to make valuable connections and gain hands-on experience.
The Master of Banking and Finance not only prepares you for immediate career opportunities but also positions you for long-term success. Graduates of this program can expect to pursue careers in diverse and lucrative fields such as corporate finance, investment banking, asset management, and financial analysis. The program's comprehensive approach enables you to develop the necessary skills and knowledge to excel in these roles. Additionally, alumni from this program have gone on to work for prestigious organizations such as EY, PwC, and Morgan Stanley, showcasing the strong reputation of the program and the employability of its graduates.
With an average base salary of approximately AUD 88,000, graduates can expect a robust return on their investment in education. The program's focus on practical skills, coupled with a strong academic foundation, ensures graduates are not only sought after by employers but also equipped for continuous career development. Alumni testimonials frequently highlight the transformative experience of the program, emphasizing the quality of education, faculty support, and the valuable networking opportunities provided.
The Master in Banking and Finance is structured into several key components, ensuring a well-rounded education. Core courses include Financial Management, Risk Management, and Financial Modelling, alongside elective options that allow for specialization within the banking sector. This flexibility enables students to tailor their education to align with personal career ambitions and interests.
In summary, the Master of Banking and Finance at Monash University provides a robust educational framework that prepares students for successful careers in finance. Its rigorous curriculum, distinguished faculty, strong industry links, and comprehensive career support all contribute to a rich educational experience.
Why Study Master in Banking and Finance at Monash University?
- Access to a comprehensive curriculum that covers all aspects of banking and finance, equipping you with both theoretical knowledge and practical skills.
- Guidance from leading academics and industry experts who bring real-world experience into the classroom.
- Research opportunities that enable you to work closely with faculty and contribute to important financial studies.
- Strong connections with top-tier financial institutions that facilitate internships and job placements.
- A supportive learning environment that prioritizes student success and career advancement.
- A diverse student body with a significant international presence, providing a global perspective on finance.
- An impressive network of alumni who have established successful careers in high-profile finance roles.
Entry into the program requires a bachelor’s degree (or equivalent) with a minimum credit average. Specific entry levels can vary, with requirements ranging from 48 to 96 points depending on your academic background. Additionally, prospective students must demonstrate English proficiency through recognized tests such as IELTS, PTE, or TOEFL, ensuring that all students can engage fully with the program content.
In conclusion, the Master of Banking and Finance at Monash University is more than just a degree; it is a stepping stone to a successful career in finance. With its strong academic foundation, industry connections, and emphasis on skill development, this program is positioned as a leader in financial education.

Total Tuition Fees
$53,000

Duration
24 Months

Median Salary
$70,000
Ranking
#64
The World University Rankings
#55
QS World University Rankings

Intake
Fall ( Sept - Nov )

Intake
Spring ( Apr - June )
Class Profile

Class Size
38

Average Age
28

Average Work Experience
2 Years
Diversity
Asia:
25%Africa:
5%Oceania:
5%Europe:
20%North America:
15%South America:
10%Others:
20%Career Outcomes

Median Earnings After Graduation
$70,000 / year

Graduation Rate
73.48%

Job Placement
70%
Prospective Job Roles
Corporate Finance
Financial Analyst
Investment Banking
Asset Manager
International Finance Analyst
Corporate Finance Manager
Finance
Manager of Finance
Finance Analyst
Banking Lawyer
Top recruiters












Eligibility Criteria
English Proficiency Tests
IELTS
6.5
PTE
58
TOEFL
79
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

Application Fee: 100
Transcript
Passport
TOEFL
PTE
IELTS
Resume
Personal Statement
336
Application Deadlines
Standard Deadline | |
---|---|
Fall | May 8, 2025 |
Spring | Sep 11, 2024 |
Fees and Funding

Tuition Fees
$53,000 / year

Overall Cost
$1,32,488 / year
Funding Options
Department Funding
Scholarships
The Kummargi Yulendj (knowledge is rising) scholarship program is a transformative program that extends beyond financial aid. It opens doors to boundless opportunities including fully funded education experiences globally, priority access to student academic services and priority access to employment opportunities on campus.
John Monash Scholarship
Monash University Foundation
Monash University Vice-Chancellor's Scholarship
Monash University Dean's Scholarship
Monash University International Scholarship
Monash University Scholarships
Monash University Alumni Association
Monash University Melbourne
Monash University International Postgraduate Scholarship
FAQs
- You can enrol in: summer units in August/ winter units in April/May.
- As a full-time coursework student (eg. studying four six-credit-point-units in a standard semester), you'll need to commit to around 48 hours of study each week.
- An international student you can apply directly to Monash for admission into a postgraduate course.
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