Bachelor of Business (Economics and Finance)
- Local students
- International students
- Program code: BP251
2013 Clearly-in ATAR:
- Campus: City campus
This highly-specialised and dynamic program trains you to perform high-level financial and economic analysis at management level in both public and private sectors.
Economics as a discipline is constantly evolving to help us understand how and why we allocated resources. It analyses important issues such as poverty, inflation, unemployment, taxes, pollution, crime, finance, inequality, international competition, consumer behaviour, world trade and economic growth.
As a student in this program you will have options to study online, undertake an industry placement or study abroad with a focus on the European Union.
3 years full-time or 6 years part-time
Program structure and features
Learning and teaching
To simulate trading in money and foreign exchange markets, you will have access to the Treasury Training Facility - the only one of its type in Australia, and one of the largest tertiary-based facilities in the world.
You will trade with a live market data feed from Bloomberg, and experience first-hand what professionals in the world's leading banks and investment firms do with the same tools and information.
RMIT's Swanston Academic Building features wireless connection to printers, the web and specialist learning resources, interactive lecture and tutorial spaces, lectorial theatres, small-group rooms and other innovative learning spaces as well as retail and social spaces.
RMIT offers a variety of learning and teaching approaches including lectures, seminars, studios, workshops, presentations, group discussions and syndicate work. You will have access to online resources through the myRMIT student portal.
Ongoing assessment throughout the semester includes examinations, essays, reports, oral classes, presentations, group projects, research projects, laboratory projects and practical assignments.
The program is structured to allow you to supplement specialised studies in economics and finance with four courses to suit your career or personal development goals.
The program consists of 24 courses (each 12 credit points) and includes:
- 8 compulsory common business core courses
- 12 business discipline major courses
- 4 flexible courses.
The 4 flexible courses can be selected from two options:
- minor courses (any discipline, including business)
- 4 electives.
Business minors can be selected from:
- information systems
- human resource management
- international business
- logistics and supply chain management
- sustainable enterprise.
Other minors (PDF 142KB 10p) can be selected from many disciplines offered across RMIT.
When planning your studies, you are advised to check which elective and minor courses (PDF 142KB 10p) are offered each year.
The following program structure(s) is an example of what students are currently studying in this program.
You will have the opportunity to directly apply your academic skills to a work context in a number of work-integrated learning courses such as Quantitative Analysis.
Guiding the development of the College of Business, both nationally and internationally, is an Industry Advisory Board of high-profile executives chaired by Gerhard Vorster, Chief Strategy Officer, Deloitte. The Board creates a strategic bridge between the latest in technology and design thinking and business..
RMIT University is committed to providing you with an education that strongly links formal learning with professional or vocational practice.
Graduates will be capable of managing enterprises in the public and private sectors. You will gain knowledge and skills in the core areas of business, economics and finance, and the capability to apply these skills in multidisciplinary environments.
This program prepares you for a range of occupations and industries, such as banking, stockbroking, funds management, insurance and superannuation, and in other private sector or government organisations requiring high-level, technical expertise in financial or economic analysis.
Professional recognition and accreditation
Graduates who successfully complete the relevant financial planning elective courses will be eligible to enter the Certified Financial Planner (CFP) Program offered by the Financial Planning Association of Australia.
Graduates who undertake additional specified courses can have these counted towards partially fulfilling the academic requirements for Associate Membership of CPA Australia.
Various courses offered within the program have been included in the ASIC Training Register as satisfying the minimum training requirements in line with Regulatory Guide 146 (RG146) for authorised representatives and other persons to provide financial product advice.
The above professional accreditations have certain other requirements such as a period of relevant industry experience and training programs that would need to be met after graduation.
You can gain credit points towards your studies by doing a two-week study tour, an exchange for one semester or one year, or an international work placement. Study tours depart during the Australian summer or winter vacations to destinations in Asia, Europe and North America.
These intensive tours can be credited towards your program and provide you with a unique experience combining travel and foreign culture with studies on the European Union.
This program is also delivered in Singapore in partnership with the Singapore Institute of Management.
You can also study the Bachelor of Business (Economics and Finance) at RMIT Vietnam.
You must meet the university entry requirements for this type of program.
Program entry requirements
Current Year 12: Units 3 and 4—a study score of at least 25 in any English (except EAL) or at least 30 in English (EAL).
How to apply
- Check the application dates to see when to apply.
- Ensure you meet all of the entry requirements (see above section).
- Choose your application method and apply.
- If applicable, complete the selection tasks for your program (see above section).
- For the best chance of success, submit your application by the deadline for timely applications.
If circumstances have interrupted or disadvantaged your access to education, RMIT offers equity access schemes that allow selection officers to give applicants extra consideration, which may improve your prospects of studying at RMIT.
Tuition fees vary according to program and are adjusted annually.
In a Commonwealth supported place (CSP) your tuition fee is shared between you and the Commonwealth Government - if you meet the eligibility criteria.
As a Commonwealth supported student, you may be able to either:
- pay all or part of your student contribution up front and receive a 10% discount, or
- defer your tuition fees through the HECS-HELP loan scheme.
RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds. Learn more about RMIT Scholarships.
There may be other additional expenses and administrative fees associated with your studies.
Graduates of the following programs may be eligible to apply for exemptions:
- Diploma of Business Administration
- Diploma of Financial Planning
- Diploma of Information Technology
- Diploma of Logistics
- Diploma of Management
- Advanced Diploma of Accounting
- Advanced Diploma of Advertising
- Advanced Diploma of Business (Public Relations)
- Advanced Diploma of International Business
- Advanced Diploma of Legal Practice
- Advanced Diploma of Marketing
- Associate Degree in Business
- Associate Degree in Legal Practice (Paralegal).
Please refer to information about advanced standing for business degrees.
An Honours year program is available to exceptional students.
Economics, Finance & Marketing
Although RMIT endeavours to ensure the accuracy of this information, there is no guarantee it will remain accurate all year. Applicants are advised to confirm program details with the appropriate school before making an application.