Women in Finance and Economics Scholarship
For students who identify as a woman commencing studies in accountancy, economics, finance or financial planning; worth up to $5,000 paid as a contribution towards tuition fees.
Not applicable
AU$37,440 (2023 annual)
AU$43,200 (2023 annual)
In the new world of finance, there is strong demand for highly skilled, analytical thinkers who have a proven ability to innovate.
The quantitatively oriented Master of Finance provides both depth and breadth in finance. Designed to enhance your analytical and problem-solving abilities and develop your understanding of the principles of finance, it explores finance, financial modelling, econometrics, trading, research and the analysis of financial markets.
Using real-time market data, you’ll participate in trading simulations and workshops for multi-asset portfolio and risk analysis, hedging, and money market and foreign exchange instruments trading. All of this takes place in purpose-built facilities in Melbourne CBD.
This transformative approach prepares you for life and work.
The degree is tailor-made to give students a very deep and niche knowledge in finance methodology. It’s strongly industry partnered so I was talking to people already working in the industry, not just reading from a textbook.
Gain practical experience before you graduate by learning in the RMIT Trading Facility, the only one of its type in Australia.
Benefit from the guidance of experienced finance professionals and a research-led teaching approach.
Combine overseas travel and cultural experiences with coursework completed in intensive mode.
Guided by experienced finance professionals and a research-led teaching approach, you’ll gain a competitive edge in the finance world by advancing your skills in financial modelling, fintech and trading simulations. There are also opportunities for collaborative projects and deep engagement with contemporary issues in finance and related industries through regular seminars and workshops.
It all combines to give you an in-demand set of skills required to navigate this new world of finance.
You will undertake problem-based learning, whichis designed to engage you in analytical thinking, research and provision of solutions using real-world case studies. Most subjects in the Master of Finance are presented in regular three-hour classes, together with some periods of intensive teaching at the Melbourne City campus.
Intensive teaching may involve classes over a number of Saturdays per subject in any semester, although two Saturdays per subject should be regarded as normal. A detailed teaching timetable will be available at the commencement of each semester.
In the Master of Finance, you will benefit from dynamic design and delivery which includes classroom teaching, opportunities for research and collaborative research projects, simulations in RMIT’s custom-built trading facility, and opportunities for deep engagement with contemporary issues in finance and related industries through seminars and workshops.
You will simulate trading in money and foreign exchange markets using the RMIT Trading 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 Refinitiv Eikon, which is one of the most comprehensive databases of real-time and time-series data of global financial markets widely used by industry practitioners. You will experience first-hand what professionals in the world’s leading banks and investment firms do with the same tools and information to analyse news, data and conduct market research.
Ongoing assessment throughout a subject may include essays, reports, presentations, group projects, research projects, quizzes and tests, blog journals, practical assignments and examinations.
The types of classes you have will depend on the course you’re studying. Classes are offered in various formats designed to provide meaningful engagement with staff, industry and peers and provide for access and use of spaces where learning can be applied and active, including an array of specialised equipment.
Most RMIT courses do not include passive large-scale classes such as lectures, instead the content traditionally provided in lectures is made available online. This may be in the form of readings, videos or other on-demand learning materials. This content will also support the basis of interactive learning that takes place in on-campus classes.
Guiding the development of the College of Business, both nationally and internationally, is an Industry Advisory Board of high-profile executives.
The Board creates a strategic bridge between the latest in technology and design thinking and business.
In addition, the School of Economics, Finance and Marketing Advisory Board consists of high-profile industry representatives who ensure the School's links with industry standards and practice remain current.
Industry experts are invited as guest lecturers to expose you to current industry developments in finance. The School also extends links with industry by appointing adjunct professors from time to time who are selected based on their industry achievements.
Work-connected and industry-relevant options available for this course include:
Students in this degree also have the opportunity to participate in industry-led competitions.
The RMIT Finance Trading Competition allows Economics and Finance (both undergraduate and postgraduate) students in the EFM test out their trading skills in the financial markets in the competition. The competition is a unique experience for students and is held in the state-of-the-art RMIT trading facility. Students gain real world trading experience in our state-of-the art trading room, have fun, work as a team and gain professional development skills. The competition is sponsored by industry partner Refinitiv, a subsidiary of London Stock Exchange Group.
Each year the Chartered Financial Analysts' Institute (CFA) runs its CFA Research Challenge where teams of finance students from universities all over the world test out their financial analytical skills in competition.
The CFA Institute Research Challenge provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. Students are tested on their analytical, valuation, report writing, and presentation skills. They gain real-world experience as they assume the role of a research analyst.
Global intensives are a unique feature of thie Master of Finance.
You can enhance your learning experience by combining an overseas travel and cultural experience with coursework completed in intensive mode and have this credited towards your degree as a general elective. Study tours typically depart during the Australian summer or winter breaks and are usually undertaken in the final semester of your degree.
If you are planning to include a study tour, you are advised to check that you have the required number of student electives or credit points available.
RMIT offers a range of opportunities for our students to study abroad through global work, exchange and study experiences with over 165 partner universities worldwide.
* Students who are granted advanced standing, and who undertake subjects in all scheduled teaching periods may be able to complete the course in 12–16 months.
For further information about advanced standing see Credits and Masters exemptions.
Depending on your previous studies and experience you could also be eligible for credit towards your course. Credit granted may reduce the amount of study you need to complete.
For more information please see RMIT’s credit transfer and recognition of prior learning policy.
For further information about advanced standing see Credits and Masters exemptions.
The knowledge and skills you will acquire throughout this degree and how they can be applied in your career are described in the learning outcomes.
View the learning outcomes for each stream:
This degree comprises 14 core subjects and two general elective subjects (or 11 core and one elective with advanced standing).
There are a range of finance and economics-related elective subjects available or students may take any approved postgraduate elective from within RMIT.
In the final stage of this degree you will undertake a substantial research project. You will be required to identify a current finance research issue and demonstrate your ability to interact with industry, complete an activity in a work context, and work in a multidisciplinary team.
Explore a complex problem, and test and evaluate potential solutions with industry and community stakeholders in the subject Fixed Income Securities and Credit Analysis, which is the designated Work Integrated Learning (WIL) subject in this degree. This subject will provide you with opportunities to apply your academic skills to a work-based context via simulated trading.
Choose a plan below to find out more about the subjects you will study and the course structure.
Note: International student visa holders can only study full-time.
Master of Finance graduates are equipped with the skills and practical knowledge required to excel in the finance sector, in corporate roles and within the public sector.
Graduates may work in the financial sector or in the treasury/finance functions of large or small corporations. Many move into high-demand positions like financial investment advisors and managers, financial brokers and fund managers.
Titles for finance jobs can include:
Course accreditation or membership offered by professional bodies signals to employers the quality and relevance of RMIT's courses and opens up career pathways and networks.
Professional bodies accredit or recognise courses as meeting professional and academic standards deemed to be essential for a new graduate entering into that profession. An accredited course will either enable the graduate to enter directly into a professional qualifications program or provide the graduate with exemptions or credit towards a post university professional qualification.
This type of accreditation is where a statutory body must approve a course of study in order for a graduate to practise in that profession.
Professional bodies or associations are representative organisations of professions that provide membership and other career development support to its members. Many professional bodies offer membership opportunities for students and new graduates with benefits such as career advice, networking within the profession and access to resources not available through the university. The aim of these benefits is to assist with your transition from university into the profession.
Current course accreditations and information about membership and development opportunities for students and graduates.
Course satisfies the requirements for the University Affiliation Program.
You need to satisfy all of the following entry requirements to be considered for entry into this degree.
*If your qualification was completed more than 10 years ago you will need to provide evidence of ongoing professional work and/or professional development in the same discipline as the program for which you are seeking entry to be granted advanced standing.
^Upon successful completion of the Graduate Certificate you will have the opportunity to progress to the Master degree.
There are no prerequisite subjects required for entry into this qualification.
A selection task is not required for entry into this qualification.
You must meet the University's minimum English language requirements to be eligible for a place in this program.
You need to satisfy all of the following requirements to be considered for entry into this degree.
You must have successfully completed an Australian Bachelor degree (or equivalent overseas qualification) or higher level qualification in any discipline.
You must have successfully completed:
OR
*Qualification must have been completed within the last 10 years.
^ Upon successful completion of the Graduate Certificate you will have the opportunity to progress to the Master degree.
There are no prerequisite subjects required for entry into this qualification.
A selection task is not required for entry into this qualification.
To study this course you will need to complete one of the following English proficiency tests:
For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.
Don't meet the English language test scores? Complete an English for Academic Purposes (EAP) Advanced Plus Certificate at RMIT English Worldwide.
The Graduate Certificate in Finance is a pathway to the Master of Finance.
Upon successful completion of the Graduate Certificate in Finance you can continue your studies in the Master of Finance and receive 48 credit points worth of credit (equivalent to one semester of full-time study) for courses completed in the Graduate Certificate in Finance.
If you have successfully completed one of the following qualifications within the last 10 years with a major in a business or related discipline, you may be eligible for advanced standing as follows:
Qualification level | Masters exemptions offered | Remaining program duration* |
---|---|---|
Bachelor degree (AQF level 7) | 48 credit points (equivalent to one semester of full-time study) | 144 credit points (equivalent to three semesters of full-time study) |
Bachelor degree (Honours) (AQF level 8) | Up to 96 credit points (equivalent to two semester of full-time study) | 96 credit points (equivalent to two semesters of full-time study) |
Graduate Certificate (AQF level 8) | 48 credit points (equivalent to one semesters of full-time study) | 144 credit points (equivalent to three semesters of full-time study) |
Graduate Diploma (AQF level 8) | Up to 96 credit points (equivalent to two semesters of full-time study) | 96 credit points (equivalent to two semesters of full-time study) |
Master degree (AQF level 9) | Up to 96 credit points (equivalent to two semesters of full-time study) | 96 credit points (equivalent to two semesters of full time study) |
The Australian Qualifications Framework (AQF) is the national policy for Australian qualifications in vocational and higher education.
Applicants with a bachelor degree (honours), graduate certificate, graduate diploma or masters qualification majoring in a different discipline may also be eligible for credit transfer of up to 48 credit points (equivalent to one semester full time study).
Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.
Upon successful completion of this masters degree, you may be eligible to undertake further studies in related programs at RMIT University, including postgraduate research programs, subject to the program's entrance requirements.
When you successfully complete the Graduate Certificate in Finance you are guaranteed entry into the Master of Finance with 1 semester of advanced standing (equivalent to 48 credit points).
Alternatively, you can gain entry into this degree from a range of RMIT undergraduate programs.
If you have successfully completed one of the following qualifications within the last 10 years with a major in a business or related discipline, you may be eligible for advanced standing as follows:
Qualification level | Advanced standing | Remaining program duration |
---|---|---|
Bachelor degree (AQF level 7) | 48 credit points (equivalent to one semester full time study) | 144 credit points (equivalent to three semesters full time study) |
Bachelor honours degree (AQF level 8) | 96 credit points (equivalent to two semesters full time study) | 96 credit points (equivalent to two semesters full time study) |
Graduate certificate (AQF level 8) | 48 credit points (equivalent to one semester full time study) | 144 credit points (equivalent to three semesters full time study) |
Graduate diploma (AQF level 8) | 96 credit points (equivalent to two semesters full time study) | 96 credit points (equivalent to two semesters full time study) |
The Australian Qualifications Framework (AQF) is the national policy for Australian qualifications in vocational and higher education.
When you are submitting an application, please indicate that you want to be considered for credit.
Applicants with a bachelor honours degree, graduate certificate, graduate diploma or masters degree qualification majoring in a different discipline may also be eligible for credit transfer of up to 48 credit points (equivalent to one semester full time study).
When you are submitting an application, please indicate that you want to be considered for credit and provide detailed course syllabus (also known as course outline), outlining volume of learning, course content and weekly topics, learning objectives/outcomes, assessment types and weightings, and reference to the learning resources.
Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.
Upon successful completion of this degree, you may be eligible for entry into an RMIT Masters by Research or Doctoral (PhD) program.
Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.
*Fees are adjusted on an annual basis and these fees should only be used as a guide.
This program is offered on a full-fee paying basis only. If you are offered a place, you will need to pay the full tuition costs of your program. However, eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
For information on how to pay your fees or how to apply for a refund, please see Paying your fees and applying for refunds.
In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student.
The SSAF is calculated based on your enrolment load and the maximum fee for 2023 is $326.
For more information about calculating your actual SSAF see Paying SSAF.
You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.
Eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
You may be eligible to apply to defer payment of the Student services and amenities fee (SSAF) through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.
If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.
You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying). The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.
For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.
You may be eligible to apply for income tax deductions for education expenses linked to your employment.
See the Australian Taxation Office (ATO) for more information.
For students who identify as a woman commencing studies in accountancy, economics, finance or financial planning; worth up to $5,000 paid as a contribution towards tuition fees.
RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.
The annual tuition fee for 2023 is AU$43,200.
The total indicative tuition fee for 2023 commencement is AU$87,360 (full 2 year program plan MC201P15).
For students who meet the entry requirements for the 1.5 years program (program plan MC201EXE15), the total indicative tuition fee for 2023 commencement is AU$65,280.
If you do not meet the entry requirements, you will be offered a place in the full two year program.
In addition to tuition fees you also need to pay for:
You also need to account for your living expenses. Estimate the cost of living in Melbourne.
Find out more details about how fees are calculated and the expected annual increase.
Find information on how to apply for a refund as a continuing international student.
RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.
Use our Frequently Asked Questions to learn about the application process and its equity access schemes, find out how to accept or defer your offer or request a leave of absence, discover information about your fees, refunds and scholarships, and explore the various student support and advocacy services, as well as how to find out more about your preferred program, and more.
Acknowledgement of Country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Luwaytini' by Mark Cleaver, Palawa.
Acknowledgement of Country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.