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postgraduate

Degree

Master of Banking and Finance (Coursework)

Course code: #C000101C

postgraduate

Degree

Master of Banking and Finance (Coursework)

Quick facts

  • Annual tuition (2024)

    $43,200 AUD

  • Application fee

    Free

  • Duration

    2 years

  • PSW

    3 years

  • Min GPA

    50 out of 100

  • CRICOS code

    087880K

Options
Internship

These items are optional and you can choose them as you wish after applying for the course.

Deadlines

Term start& deadline Deadline
Fall-February 05-February-2024 2024-02-05
Winter-July 08-July-2024 2024-07-08
Fall-February 05-February-2025 2025-02-05
Winter-July 08-July-2025 2025-07-08

Overview

Master of Banking and Finance

It’s an indisputable fact that money makes the world go round. Consequently, some of the most important, exciting and rewarding jobs are in the banking and finance sector. 

A career in this dynamic field has the potential to take you around the world and make a considerable impact on people across the globe.

Macquarie’s highly practical Master of Banking and Finance is designed to meet employer needs and will develop your theoretical knowledge alongside your practical capabilities

You’ll develop your knowledge and skills in financial principles, analysis and modelling, econometrics and statistics. 

You’ll be able to undertake electives in fintech, environmental finance, capital markets and business valuation.

If you haven't decided on your specialisation, you can begin your studies without selecting one. 

You can choose a specialisation from the following list after your study commences.

  • Environmental Finance
  • Financial Management
  • FinTech

Key features

  • Broaden your knowledge and skill set
  • Study in the state-of-the-art facilities (Access real-time and simulation data in Finance Decision Lab and gain hands-on experience in financial decision-making.)
  • Study when it suits you
  • Study at a globally recognised institution

Estimate your cost

Residency
Count of person

$55,824

Total costs

yearly

Details


Cost of living 1 person $10,920
Accommodation 1 bed room $12,624
Tuition 1 person $43,200

Hourly wage

Min wage

23.23 AUD / 1 hour

in Australia every student can work 48 hour per fortnight

Required documents

  • Certified copies of Academic/Official Transcripts
  • Certified copies of award certificates or completion certificates from previously completed studies
  • Certified copies of Language Proficiency (If Applicable)
  • Certified copy of Passport or Visa Documents

Language requirements

GRE
not required
GMAT
not required

IELTS

6.5
6
listening
6
writing
6
speaking
6
reading

TOEFL

83
12
listening
21
writing
18
speaking
13
reading

PTE

58
52
listening
52
writing
52
speaking
52
reading

Cambridge

180
169
listening
169
writing
169
speaking
169
reading
Language pathway (conditional offer) is available

Duolingo overall 115 with no band less than 110*

*Duolingo English Test (DET) is accepted as a COVID measure for applicants from mainland China only up until 30 November 2023.

The following online English tests are no longer recognised as of 1 May 2023:

  • IELTS Indicator / IELTS Online
  • TOEFL iBT Home Edition
  • PTE Academic Online

Students who do not meet the English language requirements but are otherwise eligible for a program of study may be issued an offer that includes an English preparation program at the Macquarie University English Language Center (i.e., a packaged offer). 

International students with a packaged offer can apply for a single student visa covering their English preparation program and course of study at Macquarie University.

Entry Requirement  (Overall)Number of estimated weeks to reach required IELTS score (Overall)
IELTSTOEFL iBT

Pearson

(PTE)

5.56.06.57.07.5
4.0443030-4040-5050+50+50+
4.5523520-3030-4040-5050+50+
5.0604110-2020-3030-4040-5050+
5.566491-1010-2020-3030-4040-50
6.07350 1-1010-2020-3030-40
6.58358  1-1010-2020-30
7.010065   1-1010-20

Academic background and requirement

2 years:

  • AQF level 7 bachelor's qualification or recognised equivalent

 

1.5 years:

  • AQF level 7 bachelor's qualification in a related field or recognised equivalent

or

  • AQF level 7 bachelor's qualification or recognised equivalent and two years relevant approved work experience, professional certification or other recognised prior learning

Related fields for prior qualifications

Accounting, Actuarial Studies, Banking, Economics, Finance, Insurance, Valuation

Relevant experience

Professional work experience includes roles requiring technical or specialist expertise or managerial / decision-making functions with broad knowledge or skills in key concepts or principles in finance, banking, actuarial studies, accounting or economics.

 

Assumed knowledge

None.

Recommended studies

None.

China:  60%

India:   50%

 

Masters qualifying programs

The programs will equip you with the necessary digital, information and academic literacies and the numeracy skills required for postgraduate studies in Australia.

Upon completing your chosen program, you can articulate into a range of master's degrees in the Macquarie Business School and the Faculty of Science and Engineering.

Career opportunities

  • Corporate finance manager
  • Credit risk analyst
  • Finance manager
  • Financial adviser or analyst
  • Fund manager
  • Investment adviser
  • Mortgage broker
  • Risk management specialist
  • Stockbroker
  • Superannuation adviser or analyst

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