Providing more than $140 billion to the economy each year and recruiting over 450,000 people, the finance industry in Australia is among the largest in the Asia-Pacific region. Four of the safest banks in the world, referred to as the “Big Four” — Commonwealth Bank, Westpac, NAB, and ANZ — which routinely place among the leading financial institutions for stability in the world, are located in the nation.
A postgraduate program aimed at preparing graduates with specialized knowledge in investment, financial analysis, and risk management, an MS in Finance in Australia generally spans 1.5-2 years. Integrating academic coursework with hands-on financial abilities pertinent to global market trends, leading universities in Australia offer this program.
Why Study Masters in Finance Australia?
Pursuing postgraduate Finance courses Australia is a wise decision for the reasons mentioned below:
- Internationally Acknowledged Degrees: Globally recognized finance programs are offered at universities in Australia.
- Varied and Cosmopolitan Setting: Learning is improved via inclusive campuses with international student groups.
- Robust Financial Industry: Students who study Finance in Australia have access to one of the most resilient and well-regulated financial markets in the world.
- Outstanding Graduate Employability Rate: Robust linkages with industry pave the way for internships and employment opportunities following graduation.
- Post-Study Employment Prospects: Overseas graduates benefit from generous post-study work visa policies.
Top Universities for MS in Finance Australia
Listed below are the best universities for Finance in Australia that offer MS programs:
- University of Melbourne
- University of New South Wales
- Monash University
- University of Sydney
- Australian National University
- University of Queensland
- Macquarie University
- University of Western Australia
- University of Technology Sydney
- RMIT University
Top MS in Finance programs in Australia for Indian students
The leading MS in Finance courses in Australia for international students are mentioned below:
- Master of Finance- Australian National University
- Master of Commerce (Finance Specialization)- University of Sydney
- Master of Finance- UNSW Sydney (University of New South Wales)
- Master of Commerce (Finance Specialization)- University of Queensland
- Master of Finance- University of Melbourne
- Master of Applied Finance- Monash University
- Master of Applied Finance- Macquarie University
- Master of Finance- RMIT University
- Master of Finance- University of Western Australia
- Master of Finance- University of Technology Sydney
What is the cost of studying MS in Finance in Australia?
Based on the university and course layout, the cost of studying a Masters in Finance Australia usually ranges from AUD 35,000-AUD 55,000 annually for overseas students. Higher tuition fees may be charged by leading institutions such as the University of Melbourne, UNSW, and the University of Sydney.
Besides tuition, students should set aside money for living expenses, which based on the location and one’s way of life typically ranges from AUD 21,000-AUD 27,000 annually. To assist in alleviating a portion of these expenses, scholarships and monetary assistance may be available.
MS Finance Australia Scholarships
The different MS in Finance in Australia scholarships are as under:
- Melbourne Research Scholarship
- ANU College of Business & Economics Honours Scholarship
- Australia Awards Scholarships
- Deakin Vice-Chancellor's International Scholarship
- International Postgraduate Coursework Full Tuition Scholarship (UNSW)
- Australia's Global University Award (UNSW)
- University of Sydney International Research Scholarship (UsydIS)
- Monash International Merit Scholarship
- Global Excellence Scholarship (University of Western Australia)
- ANU Chancellor's International Scholarship
- Research Training Program (RTP) Scholarship
- UTS Vice-Chancellor's International Postgraduate Coursework Scholarship
Eligibility for Masters in Finance in Australia
The typical Finance Masters Australia requirements are listed below:
- The student needs to hold a completed Bachelor’s degree in a pertinent field (e.g., finance, business, accounting, economics).
- Based on the university, he/she should have secured a minimum GPA of 2.8-3.0 on a 4.0 scale.
- GMAT or GRE test scores may be required by certain universities, especially for competitive programs.
- Non-native English speakers need to prove their fluency in English by appearing for English language proficiency tests like the IELTS (6.5-7.0), TOEFL (79-100), or comparable.
- Although not always required, 1-2 years of pertinent professional experience may be demanded or favored.
- The student needs to submit a statement of purpose outlining his/her interest in finance and professional objectives.
- Submission of 1-2 letters of recommendation from instructors or employers.
- The student may need to possess knowledge of particular subjects like statistics or accounting, as required by specific programs.
- The student needs to pay the application fees in accordance with the university's standards.
Post Finance Masters Australia Career Opportunities
Students, post completing an MS in Finance in Australia can take up any of the jobs mentioned below:
- Financial Advisor
- Quantitative Analyst
- Portfolio Manager
- Economist
- Financial Analyst
- Corporate Treasurer
- Risk Manager
- Investment Banker
- Financial Controller
- Asset Manager
- Investment Consultant
- Actuary
- Financial Planner
FAQs:
How to apply for MS in Finance in Australia?
Applying for a Masters in Finance Australia requires students to fulfill the entry prerequisites of the university, submit an online application along with their academic transcripts, scores of English language proficiency tests, a statement of purpose, letters of recommendation, and a resume.
What are the different Masters in Finance Australia specializations?
MS in Finance in Australia courses include the following specializations: Investment Banking, Risk Management, Corporate Finance, Financial Analytics, and Financial Planning.
Can international students work while studying an MS in Finance in Australia?
Yes, while pursuing a Masters in Finance Australia, international students are permitted to work for a maximum of 48 hours per fortnight during the academic term and unlimited hours during term breaks.
Do MS in Finance courses in Australia entail internships?
Certain Masters in Finance Australia courses may provide internship possibilities, nevertheless, they are not necessarily a required component.
What is the post-study work visa policy for overseas students in Australia?
Post completing an MS in Finance in Australia, overseas students may qualify for a Temporary Graduate visa (subclass 485), enabling them to stay back in the country for 2-4 years based on the degree of study and qualification earned. This enables them to acquire professional experience in their field.
For further assistance or queries students can contact us, Edwise International, and avail our wide range of services for students on destinations like Universities in Australia, study in Australia, study in UK, study in USA, study in Canada, study in Ireland, study in New-Zealand, study in Singapore and many other countries.
