Australia's universities offer many degrees and majors, like engineering, English, medicine, and math. Contact your preferred universities to know more and see if you meet their requirements. Australia has various landscapes, from the vast Outback with unique wildlife to endless undeveloped coastlines if you like the beach.
Top MFin colleges in Australia
Australia has many well-known universities with excellent finance programs. Here are some of the best MFin colleges in Australia:
RMIT University
RMIT University has a Master of Finance program that helps students learn advanced financial knowledge and skills in a practical way. They focus on real-world examples and case studies to give students a strong foundation in finance.
University of Sydney
The University of Sydney offers a Master of Finance program with a global perspective. It covers various financial topics like corporate finance, investment management, and risk management. This program prepares students for leadership roles in finance.
Australian National University
The Australian National University (ANU) provides a Master of Finance program that emphasizes financial economics, quantitative analysis, and policy. It equips students to analyze complex financial problems and make informed decisions. ANU's program is research-oriented.
Melbourne Business School
Melbourne Business School, linked with the University of Melbourne, offers a Master of Finance program that focuses on finance theory, quantitative analysis, and financial modeling. This program suits those interested in careers in investment banking, asset management, and financial risk management. It's known for its challenging curriculum and industry connections.
University | Program duration | Fees (AUD) | Avg. Salary (AUD) |
RMIT University | 2 years | $42,240 | $75,000 |
University of Sydney | 1.5 years | $52,500 | $65,000 |
Australian National University | 2 years | $45,360 | $58,000 |
Melbourne Business School | 18 months | $57,242 | $60,000 |
Eligibility
To get into MFin colleges in Australia, you typically need a bachelor's degree in finance, accounting, economics, or business. Some schools might accept degrees from other areas if you've taken relevant courses.
Many MFin programs like students to have some work experience in finance or a related field. A few need 2-3 years of experience, but they can make exceptions for outstanding applicants.
If English isn't your first language, you'll need to prove your English skills with tests like TOEFL or IELTS.
Most universities want you to submit GMAT or GRE scores with your application. Some also look at your grades and may ask for a minimum GPA.
TEST | MINIMUM SCORE |
GMAT | 600 - 650 or above |
GPA | 3.0 - 3.5 or above |
IELTS | 7.0 or above |
TOEFL | 90 - 100 or above |
Documents Required
To apply for MFin colleges in Australia, international students typically need to provide the following documents:
To apply, you need copies of your school records, like your degrees.
If you're from another country, you must show your English skills with a test like IELTS, TOEFL, or PTE.
You should give a detailed resume showing your education, work, and other qualifications.
Some schools might want letters from bosses, teachers, or professionals who can talk about your skills.
You might have to write a statement explaining why you want to study MFin and what you want to do in your career.
If you're an international student, you need a copy of your passport to prove who you are.
International students must provide the right visa papers needed to study in Australia according to the government.
Cost & Fees
Studying in MFin colleges in Australia can have different price tags, and these prices can differ because of several factors. These factors include the specific university you choose, where in Australia you study, and how you live while studying. It's not just about tuition fees; there's more to think about. You also need to budget for things like housing, meals, getting around, and utility bills.
Expenses | Average Cost (AUD$) |
Tuition Fees | 45,000 - 65,000 per year (Average) |
Accommodation | 250 - 500 per week |
Food | 70 - 100 per week |
Transport | 130 - 180 per month |
Utility | 200 - 300 per month |
Job and Placement Opportunities
Studying an MFin degree in Australia can lead to many job opportunities. MFin colleges in Australia offer specializations in finance. Graduates can work as:
Financial Analysts: They study financial data to help businesses make investment decisions.
Investment Bankers: They guide businesses and government entities in funding decisions.
Risk Managers: They identify and manage financial risks.
Asset Managers: They invest and manage clients' funds for maximum returns.
Financial Advisors: They create financial plans for individuals and organizations.
Average Salary for MFin Graduates
Graduates MFin colleges in Australia earn high salaries, which vary based on their university and specialization. Recent surveys show average salaries between AUD 80,000 and AUD 120,000 annually.
Specializations like Investment Management and Corporate Finance offer higher pay. Salaries also depend on work experience and skills, providing good financial sector growth opportunities.
Here are some average salaries by job role:
Investment Banking: AUD 120,000 - AUD 140,000 per year.
Corporate Finance: AUD 100,000 - AUD 120,000 per year.
Asset Management: AUD 90,000 - AUD 110,000 per year.
Risk Management: AUD 80,000 - AUD 100,000 per year.
Financial Analysis: AUD 70,000 - AUD 90,000 per year.
Conclusion
Choosing to pursue an MFin in Australia can be a wise decision for those seeking a world-class education in finance. With its top-ranking MFin colleges in Australia, diverse culture, and strong job prospects, Australia has established itself as a prime destination for international students looking to excel in the finance sector. The eligibility criteria and document requirements may vary slightly from one institution to another, so it's essential to research each university's specific prerequisites.
