Australia is one of the most popular destinations among international students to study Masters in Finance. It's home to some of the top universities that offer advanced courses and learning environments so students acquire required knowledge in financial analysis, investment management, corporate finance, and global financial markets. Packed with modern facilities and experienced faculty, students gain all the theoretical and practical knowledge they need to excel in this field.

This blog provides necessary details regarding all the major topics related to Finance degree in Australia.

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What is a Masters in Finance?

The primary focus of this course is to teach all the fundamental and specialized aspects to advance in the world of Finance. The curriculum covers all the essential niche topics like risk management, financial modeling, data analytics, portfolio management, and investment strategies. It takes about 1 to 2 years depending on the university and study time (full-time or part-time).

Students get access to real-world examples, finance research, and on-site experience, allowing them to have a competitive advantage and possibly be hired by financial institutions, multinational companies, and fintech hubs in Australia. A strong economy and finance-oriented markets make Australia a perfect country to start in.

Best universities for Masters in Finance in Australia.

Some of the world's top universities that teach the latest and most market-oriented masters in finance programs can be found in Australia. These universities not only hold top rankings in the global index but also provide quality education and research excellence and strong graduate outcomes. Students enrolled in these institutes also enjoy additional benefits like modern labs, industry-led programs, networking events, and internships, which help them immensely for their upcoming careers.

The given list shows some of the universities that offer masters in finance courses:

  • Monash University
  • University of Adelaide
  • University of Wollongong (UOW)
  • University of Tasmania (UTAS)
  • University of Technology Sydney (UTS)
  • Griffith University
  • University of Canberra (UC)
  • James Cook University Australia (JCU)
  • Curtin University
  • La Trobe University

These universities offer strong ties and frequent collaboration with top financial companies to make sure students get firsthand experience with practical and training phases. The graduates are known to have the desired skill sets and are highly sought after by employers around the world.

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Eligibility Requirements for International students

To be able to study in Australia, there are certain eligibility requirements set by the Australian government that applicants must meet. Language proficiency, strong academics, work experience, and much more show the capability of handling hard courses and contributing effectively in academic discussions.

Some of the criteria for a Masters in Finance in Australia are listed below:

  1. Bachelor’s degree in a relevant field.
  2. Must score the minimum score requirement. (usually 60%+)
  3. English language proficiency test scores. (IELTS/PTE)
  4. GMAT/GRE results (if applicable).
  5. Employment document and pay slips (if applicable)
  6. Letter of recommendation from reputed teachers.
  7. Statement stating your visit purpose and future goals.
  8. Latest CV.

Cost of Studying a Masters in Finance in Australia

The following cost information is divided into the factors: Education cost and Personal cost.

1. Education-related Cost:

The tuition fee usually costs around AUD 35,000 to AUD 60,000 per year y depending on the university, course type, and location. It usually covers lectures, course materials, laboratory access, and academic resources required for the program. Some universities charge extra fees for registration, examination, or special modules.

2. Personal Cost:

Students must consider private spending like living expenses, study materials, technical equipment, and many more, adding up to AUD 21,000 - AUD 25,000+ per year. Location plays a huge role, as Sydney and Melbourne are quite expensive as compared to Adelaide and Brisbane.

Key points:

  1. Masters program education fee: AUD 35,000 - AUD 60,000 / year.
  2. Additional expenses: AUD 21,000 - AUD 25,000+/year.
  3. Expenses can differ because of University, course type, location, etc.
  4. Expensive cities: Sydney, Melbourne (high cost of living)
  5. Affordable cities: Adelaide, Brisbane

The given amount may seem high, but proper planning and expense monitoring can reduce the cost. The potential careers and other benefits make it worth it.

Scholarships for International Students

International students planning to apply for Masters in finance in Australia can also seek various scholarship opportunities. The Australian government and universities offer different financial aids to help students with education and living costs. They offer full or partial scholarships that cover certain aspects or the full cost of the education along with accommodation.

Some of the scholarships for international students are given below:

  1. Australia Awards Scholarships: These are government-funded scholarships awarded to international students from developing countries. They cover tuition fees, living expenses, travel, and health insurance. It is available for postgraduate and higher education programs.
  2. Destination Australia Scholarships:

    This scholarship supports both national and international students studying in regional parts of Australia. Funded by the government to promote offshore education and migration.

  3. Government-funded postgraduate research scholarship.

    Made for postgraduate research degrees, which covers tuition fees and partial living costs. It attracts students interested in research to areas aligned with national priorities.

  4. Regional scholarships.

    Regional scholarships are offered to encourage students to study in less populated areas of Australia. They provide incentives like living allowances, tuition fee reductions, and many more to promote local economics outside major metropolitan cities.

  5. Merit-based scholarships

    It is awarded to students with exceptional academic performance or achievements. Merit-based scholarships cover full or partial tuition fees based on students' records and are often competitive.

NOTE: All of the above scholarships are highly competitive and have their own acceptance criteria.

Career Opportunities After a Masters in Finance

A masters in finance in Asutralia opens career opportunities to a wide variety of high-paying jobs. Some of the career opportunities are given below:

  1. Financial Analyst.
  2. Investment Banker.
  3. Risk Manager.
  4. Corporate Finance Executive.
  5. Fintech Analyst.
  6. Financial Consultant

Conclusion

To study Masters in Finance in Australia is one of the best decisions an international student can make in terms of education and career. With access to world-class education, advanced courses, and a thriving market, Australia ticks all the lists to build a successful future in finance.

From education structure to scholarships, students are offered many benefits to make their dream education a reality.

AusStudies, with its expert guidance, can help students reach their dream destination. Our goal is to make the abroad process simple, stress-free, and successful for students

Visit us today to start your exciting journey.

FAQ

World-class education, industry-led knowledge, global recognition with strong career growth makes Australia's Masters in Finance worth it.

It takes around 1-2 years to complete a Masters in Finance in Australia depending on the part-time or full-time study schedule.

Yes, different scholarships are available for international students to help with education and living costs.

Work experience to apply for Australia is optional, but it does make the application strong and competitive.

Yes, the masters in finance programme is one of the most popular and globally recognized degrees out there.
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