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MBA in Finance in Australia

An MBA in Finance is a specialized postgraduate program that concentrates on the regulations and conventions of finance within the business context. A comprehensive understanding of financial management, investment analysis, risk assessment, and strategic decision-making is provided through the 1.5 to 2-year programme. Australia is ideal for finance education due to its growing financial sector and internationally renowned colleges. 

The degree mixes theoretical knowledge with real-world application across various sectors through case studies and internships. In addition, a diverse classroom environment, contacts to business, and internship possibilities are advantageous to students. 

Why Study MBA in Finance in Australia:
 

Studying for an MBA in Finance in Australia offers several advantages and is essential for aspiring finance professionals. Here are some key reasons why pursuing the course in Australia is beneficial:

1. Robust Financial Sector: Australia boasts a stable and thriving financial sector, offering many opportunities for finance professionals. The country is home to central banks, investment firms, and multinational corporations, providing a vibrant ecosystem to learn and gain practical experience.

2. Global Recognition and Quality Education: Australian universities are globally recognized for their high education and academic excellence standards. Studying in Australia ensures students receive a quality education respected and valued worldwide.

3. Industry Connections and Networking: Studying in Australia opens doors to a vast network of industry professionals, enabling students to connect with leading finance experts, potential employers, and alums networks. This facilitates valuable industry insights, internships, and job opportunities.

4. Diverse Learning Environment: Australia's multicultural society and diverse student population provide a rich and inclusive learning experience. Interacting with peers from different backgrounds enhances cultural awareness, fosters teamwork, and develops global perspectives.

5. Internship and Job Opportunities: Australia provides internships and post-study work options, allowing students to gain practical experience and kick-start their finance careers. The country's strong economy and vibrant business environment offer numerous employment prospects across various finance sectors.

6. Exposure to Global Financial Markets: Australia has close ties to the Asia-Pacific region, a central hub for international finance. Studying in Australia provides exposure to global financial markets and insights into the area's economic dynamics, preparing students for international finance roles. 

Course Highlight of MBA in Finance in Australia:
 

A postgraduate programme called the MBA in Finance aims to give students a solid grounding in financial concepts and strategic decision-making. It gives students the abilities they need to succeed in various financial jobs and negotiate the complex world of finance.

Course

Duration

Average Fees

Course Type

General Eligibility

Exams Required

MBA in Finance

1.5-2 years

Varies by university

Full-time/Part-time

Bachelor's degree in any discipline

GMAT/GRE, English language proficiency (IELTS/TOEFL)


The MBA in Finance is aware of the essential viewpoints and concepts that individuals from various academic backgrounds can contribute to the study of finance. Therefore, students with different undergraduate degrees can pursue the program and leverage their unique disciplinary knowledge and skills to excel in finance.
A bachelor's degree in any discipline requires applicants to meet the general qualifying requirements. Additionally, candidates must pass the GMAT and GRE tests and provide evidence of their English language ability through the IELTS or TOEFL.
Types of Specialization for MBA in Finance in Australia:
In Australia, the field of finance offers various specialized Master's degree programs in addition to the MBA in Finance. These programs focus on specific finance areas and provide specialized technical knowledge and skills. Some of the types of specialization available in the country include:

  1. Master of Applied Finance: Practical application of financial concepts, focusing on skills in financial modeling, risk management, investment analysis, and portfolio management.
  2. Master of Financial Analysis: Advanced financial analysis techniques, including financial modeling, valuation, financial statement analysis, and investment decision-making, preparing students for economic study and research careers.
  3. Master of Financial Management: Skills in financial planning, corporate finance, financial risk management, and financial strategy, suitable for managerial roles in finance departments.
  4. Master of Professional Accounting with a specialization in Finance: Combines accounting with a focus on finance, providing a comprehensive understanding of financial accounting, management accounting, auditing, and financial analysis.
  5. Masters in International Finance: International investment, foreign exchange, global risk management, and international financial institutions are covered in the Master of international finance programme.
  6. Masters of Corporate Finance: With knowledge in capital budgeting, mergers and acquisitions, financial planning, and corporate governance, a master's degree in corporate finance is appropriate for corporate finance departments and financial consultancy organizations.
  7. Master of Investment Management: Prepares students for investment decision-making professions by emphasizing investment methods, portfolio management, asset allocation, and risk assessment.
  8. Master of Quantitative Finance: Combines finance with mathematical and statistical techniques for financial analysis, derivative pricing, risk modeling, and financial engineering, suitable for quantitative finance and risk management roles.
  9. Master of Risk Management: Explores identification, assessment, and management of financial risks, covering credit risk, market risk, operational risk, and enterprise risk management, preparing students for risk management roles within organizations.

Best Universities for MBA in Finance in Australia:
 

Here is a quick overview of the best colleges in Australia for an MBA in Finance.

University

World Ranking

Average Fees (Range)

Programs Offered

Admission Deadlines

Additional Information

University of Melbourne

33

 

AUD$76,908

MBA, Master of Finance

Rolling admissions

Renowned for its finance programs and solid global reputation.

University of Sydney

41

AUD$66,600 - $67,560

MBA, Master of Commerce (Finance)

30 November

It offers a comprehensive range of finance courses and boasts world-class faculty.

Australian National University (ANU)

30

AUD$61,488

MBA, Master of Finance

30 April

Recognized for its excellence in finance education and research.

University of New South Wales (UNSW)

45

AUD$104,760

MBA, Master of Commerce (Finance)

30 November

Offers a rigorous finance curriculum and strong industry connections.

University of Queensland

50

AUD$84648

MBA, Master of Commerce (Finance)

30 November

Noted for its comprehensive finance programs and top-notch faculty.

Monash University

57

AUD$100,000 

MBA, Master of Applied Finance

Varies

Offers a diverse range of finance programs with an industry-focused curriculum.

(Please note that the average fees mentioned are indicative of the year 2023. It is recommended to visit the official websites of the universities for the most accurate and up-to-date information on fees and admissions. )

Course Curriculum for MBA in Finance in Australia:
 

Students will thoroughly grasp financial management concepts, investment analysis, risk management, and strategic financial decision-making via the curriculum for an MBA in Finance in Australia. The curriculum typically combines required and optional courses, allowing students to customize their customized fit their interests. Corporate finance, financial markets, investment management, and financial accounting are some subjects covered in introductory courses. 

Elective subjects may include financial modeling, derivatives, international finance, mergers and acquisitions, and entrepreneurship. Students may also have the chance to participate in group projects, case studies, and industrial internships to apply their learning in real-world situations and build practical skills necessary for a future in finance.

Eligibility Criteria for MBA in Finance in Australia:
 

Here is a quick check-list:

  1. A bachelor's degree in a relevant field from a recognized university.
  2. Minimum GPA requirement (varies by university).
  3. English language proficiency (IELTS/TOEFL).
  4. Relevant work experience (varies by university and program).
  5. GMAT/GRE scores (varies by university and schedule).
  6. Letters of recommendation.
  7. Statement of purpose.
  8. Resume/CV.
  9. Interviews may be required for some universities.

Admission Requirements for MBA in Finance in Australia
 

To pursue an MBA in Finance in Australia, there are specific admission requirements that students need to fulfill. These requirements may vary slightly depending on the university and program. However, here are the standard admission requirements for the course:

1. Bais requirements: Applicants must have completed a bachelor's degree in a relevant subject, such as economics, business administration, finance, or a closely related discipline, with a minimum grade point average (GPA) of 3.0 on a 4.0 scale or an equal.
    - Minimum IELTS score: A minimum overall score of 6.5 with a minimum score of 6.0 in each band is usually required.

   - Minimum TOEFL score: Typically, a minimum score of 79 on the internet-based test (iBT) or equivalent is required.

2. Standardized Tests:

   - Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) scores may be required by some universities.

   - Minimum GMAT/GRE scores vary by institution, but a competitive score is usually preferred.

3. Work Experience:

   - Some MBA programs may require relevant work experience, typically 1-5 years.

   - Work experience requirements may vary depending on the program's focus and the university's emphasis on practical learning.

4. Documents Required:

   - Completed application form: Students must submit an online application form provided by the university.

   - Transcripts: Official transcripts of previous academic records, including the bachelor's degree.

   - Resume/CV: A detailed resume or curriculum vitae outlining the educational background, work experience, and achievements.

   - Statement of Purpose (SOP): A written essay explaining the student's motivation, goals, and reasons for pursuing an MBA in Finance.

   - Letters of Recommendation: Typically, two to three letters of recommendation from academic or professional referees who can attest to the student's abilities and potential.

5. Visa Requirements:

   - International students must apply for a student visa (Subclass 500) to study in Australia. The visa application process includes providing proof of acceptance into a recognized course, financial capacity, health insurance, and meeting health and character requirements.

It is important to note that specific admission requirements can vary among universities and programs. Therefore, prospective students are advised to check the official websites of their desired universities for the most accurate and up-to-date information on admission requirements and procedures.

Admission Process for MBA in Finance in Australia:
 

The following stages are commonly included in the admissions procedure for students interested in an MBA in Finance in Australia:

1. Investigate and Shortlisting: Students should extensively study the MBA in Finance programmes offered by institutions and make a shortlist of those that fit their preferences regarding programme requirements, faculty, reputation, and location.

2. Verify Eligibility: Review the admission requirements and ensure you fulfill them, including the academic requirements, the English language requirement, and any other requirements, such as work experience or standardized test results.

3. Application Submission: Fill out the university's online application form. Send in any necessary paperwork, such as transcripts, a résumé or CV, a statement of purpose, letters of recommendation, and your English language exam results. Some colleges may require standardized exam scores like the GMAT or GRE.

4. Application Review: The university's admissions committee will examine your grades, employment background, test results, and reference letters while assessing your application.

5. Interview (if applicable): Certain colleges may conduct interviews as part of the hiring process. A video conference, phone call, or in-person interview are all options.

6. Offer of Admission: If chosen, the institution will issue an offer letter outlining the terms and circumstances of admission, the start date of the programme, the cost of tuition, and any additional criteria or prerequisites.

7. Acceptance and Confirmation: To guarantee their enrollment in the programme, students must accept their admission offer by the deadline and pay any necessary fees or deposits.

8. Visa Application: International students must apply for a student visa (Subclass 500) to study in Australia. In addition, you must submit the proper papers, satisfy your character and health requirements, and demonstrate that you have the requisite resources and health insurance to do this.

Cost of Studying MBA in Finance in Australia

The cost of studying for an MBA in Finance in Australia includes tuition fees, pre-arrival costs such as English language proficiency exams (like IELTS), visa fees, and other living expenses. 

The tuition fees can vary depending on the university, program duration, and whether the student is international or domestic. Therefore, it is essential to note that the following information is approximate and can vary.

Cost Components

Approximate Amount (AUD)

Tuition Fees

AUD 60,000 - AUD 90,000 per year (international students). Lower fees may apply to domestic students.

Pre-arrival Costs

Varies

IELTS Exam Fees

AUD 340

Visa Application Fee

AUD 620

Health Insurance

AUD 600 - AUD 800 per year

Living Expenses

Varies

Accommodation

AUD 200 - AUD 400 per week

Food, Transportation, Miscellaneous

AUD 18,000 - AUD 25,000 per year


Budgeting for these costs and planning accordingly is essential to ensure a comfortable and financially viable study experience in Australia. Students are advised to check the official websites of their preferred universities for detailed and up-to-date information on tuition fees and other related costs.

Scholarship for Studying MBA in Finance in Australia
 

Here are some of the best scholarships available for pursuing an MBA in Finance in Australia:

Scholarship Name

Eligibility

Deadline

Scholarship Amount (AUD)

Australia Awards Scholarships

Varies by program and country of citizenship

Varies by country

Full tuition, living expenses, and more

Endeavour Postgraduate Scholarship

International students

November (annually)

Up to AUD 272,500 for two years

Australian Government Research Training Program

Domestic and international students

Varies by university

Tuition fees and stipend

The University of Melbourne Graduate Research Scholarship

Domestic and international students

October (annually)

Stipend, tuition fee offset, and more

Monash Business School International Pathway Scholarship

International students

Varies by intake

Up to AUD 10,000

UNSW Business School International Scholarships

International students

Varies by intake

Up to AUD 10,000

Job Scope After Studying MBA in Finance in Australia:
 

Upon completing an MBA in Finance in Australia, students can access various job opportunities in multiple sectors. Graduates specializing in finance can pursue roles in corporate finance, investment banking, consulting, financial planning, and more. Here are some job roles and their average salaries:

Job Role

Average Salary (AUD)

Financial Analyst

AUD 70,000 - AUD 100,000 per year

Investment Banker

AUD 100,000 - AUD 150,000 per year

Financial Manager

AUD 100,000 - AUD 150,000 per year

Risk Manager

AUD 90,000 - AUD 130,000 per year

Financial Consultant

AUD 80,000 - AUD 120,000 per year

Asset Manager

AUD 90,000 - AUD 140,000 per year

Treasury Analyst

AUD 70,000 - AUD 100,000 per year

Business Analyst

AUD 80,000 - AUD 120,000 per year

These approximate figures can vary depending on industry, experience, and location. It is important to note that salaries may also be influenced by individual skills, qualifications, and the company's size and reputation. Graduates with an MBA in Finance often find lucrative positions in multinational corporations, financial institutions, consulting firms, and government agencies. Australia's demand for finance professionals remains strong, providing graduates with numerous career opportunities in a dynamic and competitive market.

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6 results found

Master of Business Administration / Master of Applied Finance

The University of Newcastle, Australia, Australia

This combined degree program allows students to undertake studies in the more general business disciplines of the Master of Business Administration while also studying th specific Applied Finance courses of the Master of Applied Finance. The Master of Business Administration program is designed to provide students with a range of analytic, strategic and leadership skills which will prepare them for increasingly competitive careers in business management in the corporate and public sectors. The program offers a grounding in fundamental business areas such as accounting, finance, organisational behaviour, economics, marketing and management. Analytic and problem solving skills are emphasised through an applied understanding of the theoretical framework within which today's managers must operate, as well as the acquisition of practical skills in teamwork, writing, presentation and time-management. The ability to cope with rapid organisational and technological change is developed through an understanding of organisational behaviour, information systems and organisational change and development. The Master of Applied Finance provides graduates from diverse undergraduate disciplines with training and analytical skills in finance. Students will gain core financial management skills, an understanding of Australian and international financial markets, knowledge of derivative assets and markets, analytical skills for interpreting and analysis developments in finance practice, and applied knowledge of various specialised aspects of the finance industry. ...Read more
  • DURATION
    2 years
  • FEES
    INR 45.89L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    MAY 2024

Master of Business Administration (Finance)

University of South Australia, Australia

The UniSA Master of Business Administration (MBA) has been developed for experienced managers and enterprising leaders. It has a strong practical focus on senior managemet decision-making and embeds the latest in management and leadership research. Abe Chandra MBA.jpgAs part of your studies, you will gain real-world insights through access to academic and industry experts, benefit from a curriculum informed by world-class research and further your professional practice to maximise your career progression. You will have the opportunity to engage with a diverse cohort of highly experienced peers from a wide range of industry backgrounds in an engaging learning environment. Deepen your expertise in fields such as strategy, marketing, finance, leadership, international business, ethics, governance and sustainability, and gain invaluable learnings you can apply in real time to transform your career. You will also have the opportunity to study the Company Directors Course embedded within your MBA through a unique partnership with the Australian Institute of Company Directors - UniSA is the only university with a partnership of this kind in Australia. ...Read more
  • DURATION
    1 year 6 months
  • FEES
    INR 31.58L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    MAR 2024

Master of Business Administration (Finance)

Flinders University, Australia

The Master of Business Administration (Finance) provides a comprehensive foundation in core business principles, with a specialisation in finance. With sustainability buit-in to every topic, industries 4.0 and 5.0 will come to life beyond the concepts. This specialisation is designed to prepare leaders to learn the latest concepts which can be applied to finance roles immediately. You will deepen your knowledge of advanced financial management and how to use this to drive business results. You will learn how to take advantage of technology to better manage a company's accounts and capital, make critical investments and business decisions. This MBA course has industry engagement embedded, with a total of up to 36 weeks of experience available through Work Integrated Learning and industry programs. Finance managers plan, organise, direct, control and coordinate the financial and accounting activities within organisations. ...Read more
  • DURATION
    2 years
  • FEES
    INR 41.77L/yr
  • EXAMS
    IELTS-6.0
  • INTAKE SESSION
    MAR 2024

Master of Finance/Master of Business Administration

Bond University, Australia

The Master of Finance is a quantitatively rigorous program which integrates innovative subjects that highlight Bond Business School's excellence in experiential and case-ased teaching. The classes combine theoretical knowledge in Finance with practical insights delivered through case studies and guest lectures. Team building is encouraged through group projects and communication skills are enhanced through class presentations. The small class sizes in the Master of Finance allow for personalised attention and unparalleled access to Bloomberg terminals at our Bond FinTech Hub. The program equips students to think critically, communicate professionally, work collaboratively, make ethical and responsible business decisions, and work effectively in a global business context characterised by change and uncertainty. The Bond MBA is a generalist management program. Designed to blend industry-relevant research with practical applications and challenges, the intended learning outcomes are centred on the three pillars of leadership, global business and entrepreneurship, developing graduates who can think critically and strategically in this context. The program is designed to provide graduates with the core underlying technical skills that inform effective decision making, framed around the development of the interpersonal, cross-cultural and communication skills that are required to lead in the implementation of these decisions ...Read more
  • DURATION
    -
  • FEES
    INR 56.54L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    MAY 2024

Master of Business Administration/Master of Applied Finance

Western Sydney University, Australia

This double degree is unique in that it equips graduates with the skills and knowledge to engage with contemporary business environments, and in particular executive carers in finance, banking and investment sectors. It provides students with the opportunity to acquire technical knowledge necessary to function in an evolving and increasingly sophisticated financial environment with an emphasis on the practical application of these techniques. The design of the degree reflects consultation with a range of stakeholders including industry and professional associations; the applied finance components have been developed by individuals who are actively involved in the financial sector. The design comprises business foundation and core subjects which provide students with key skills such as business communication and analysis, as well as a general knowledge of the basics of business e.g., Accounting, Economics, and Statistics. Students complete: four foundation subjects, twelve core subjects, 20 credit points from an alternate pool of subjects and a 20 credit point capstone subject, for a total of 200 credit points. This program has multiple intakes each year and is suitable for graduates holding a bachelor degree in any discipline from a recognised university. Applicants will find having a background in Business or Commerce advantageous. ...Read more
  • DURATION
    2 years 6 months
  • FEES
    INR 46.43L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    APR 2024

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