MC201 - Master of Finance

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Plan: MC201EXE15 - Master of Finance
Campus: City Campus


Program details
Purpose of the Program
Articulation and pathways
Entrance requirements
External accreditation and industry links
Student expenses and charges in addition to fees
Library, IT and specialist resources

Program details

Award title: Master of Finance
Award abbreviation: MFin
Total credit points: 192
Career: PGRD
Duration: 2 years full-time or part-time equivalent (or 1.5 years FT or PT equivalent with advanced standing)
Location: Melbourne City campus
Owning school: Economics, Finance and Marketing (625H)
Owning school URL:
ASCED code: 081100
CRICOS code: 077516B

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Purpose of the Program

The Master of Finance will provide you with the practical and theoretical foundations in finance. This program integrates work and learning, and aims to develop specific knowledge and skills in finance, and more generic capabilities in research, analysis and problem-solving, to meet the current and future expectations of finance and related industries.

The program prepares students for financial problems they will encounter in business, equipping them with the skills to identify and explore complex elements and develop innovative solutions.

Over the duration of the program you will experience a variety learning experiences which are designed to assist developing skills as finance professional and as an independent and lifelong learner. Teaching and learning approaches for this program include: lectures and tutorials, problem-based learning, assignments, projects, the use of assessment and feedback tools, activities using the Financial Markets Training Simulator as well as the completion of a major research project. The types of assessment used in the program may take the form of formal examinations, assignments, case studies, projects, and in-class tests.

In the first year of the program, the aim of the courses is to provide students with the fundamental theoretical aspects of finance. This allows students to develop a solid foundation for later studies in finance and will enable them to provide discipline-based solutions within business, professional or public context. In the second year of the program, students will develop a sound knowledge base and acquire a thorough understanding across specific areas of finance. Most units involve a research project component where students must demonstrate their ability to interact with industry, complete an activity in a work context and work in a multidisciplinary team.

The range of occupations available for graduates of this program is varied, but includes banking, stockbroking, funds management, insurance and superannuation industries or in other private sector or government organisations which have a requirement for high level, technical expertise in finance. The capstone course BAFI3178 Portfolio Management will give you the opportunity to critically reflect on this program’s curriculum. The course will promote the integration and synthesis of a range of knowledge and skills gained in the program and the application of these in discipline related real-world scenarios leading to work readiness or entry to graduate studies.

The core research courses of this program are ECON1195 Financial Econometrics (core course) and BAFI3190 Case Studies in Finance (elective). These courses are designed to develop your knowledge of research principles and methods and how to apply them within the contemporary business environment. You will have the opportunity to conduct a research project/proposal and further develop your skills in research methodology.

This program is delivered on-campus.

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Articulation and pathways

1. Students admitted with the equivalent of an Australian Bachelor degree or higher level qualification in business (or a related discipline) will be exempted from completing four (4) Business and Law courses (48 credit points) from the option course list. Students will be required to complete an additional twelve (12) courses (144 credit points) in order to qualify for the degree.

2. Students who successfully complete the RMIT Graduate Certificate in Finance will be exempted from completing the four (4) discipline courses completed in the Graduate Certificate in Finance and will be required to complete an additional twelve (12) courses (144 credit points) in order to qualify for the degree.

3. Students who are admitted with an Australian Bachelor Honours Degree with a major in Finance or a cognate discipline, or equivalent will be exempted from completing the four (4) discipline courses completed in the Graduate Certificate in Finance and an additional four (4) courses (48 credit points). The exemptions will be recorded as either matched courses or block exemptions, and students will be required to complete eight (8) courses (96 credit points) in order to qualify for the degree.

Please refer to the Masters Advanced Standing Credit Procedure for additional information regarding the recency of previous qualifications.

Credit outside of the above arrangements will be assessed consistently with the RMIT University credit policy and procedures. If you wish to apply for a credit transfer/RPL, please refer to Apply for credit.

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Entrance requirements

Academic Entrance requirements

Australian Bachelor degree or equivalent in Business (or a related discipline);


Australian Bachelor degree or equivalent in any discipline;


Successful completion of the RMIT Graduate Certificate in Finance;


Australian Graduate Certificate, Graduate Diploma or Masters degree or equivalent in Business (or a related discipline).


Australian Bachelor Honours Degree with a major in Finance or a cognate discipline, or equivalent.

Entrance requirements for international onshore applicants

All non-Australian residents and overseas full-fee paying students are required to meet RMIT English language requirements. For more information on these requirements and acceptable English Language tests please see

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External accreditation and industry links

This program is part of the CFA Institute's University Affiliation Program. CFA offers membership and scholarship for students, and membership for graduates.

The table below lists the professional bodies who may offer membership to students and/or graduates as a career enabler which could include opportunities for networking and access to discipline specific resources. Application for membership is the student/graduate's responsibility.

Professional Body Accreditation Description Membership and Opportunities

CFA Institute

Program satisfies the requirements of the University Affiliation program
  • Students eligible to apply for a CFA Institute scholarship
  • Students may be eligible for membership category: Regular or Affiliate
  • Graduates may be eligible for membership category: Regular or Affiliate

Financial Services Institute of Australia [FINSIA]

Not Applicable
  • Students eligible for membership category: Student
  • Graduates eligible for membership category: Affiliate
  • Graduates eligible for membership category: Associate [require 3+ years experience]
  • Graduates eligible for membership category: Senior Associate [require 5+ years experience]

Finance and Treasury Association [FTA]

Not Applicable
  • Graduates eligible for membership category: Certified Finance and Treasury Professional
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Student expenses and charges in addition to fees

Once you are enrolled as a student in this program you will need to allow for expenses other than university tuition fees. Additional expenses may relate to the purchase of lecture notes, textbooks, stationery, consumables such as printer paper, fees levied by commercial internet service providers for internet access outside of the university campus, and other relevant costs.

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Library, IT and specialist resources

RMIT Library provides extensive resources, services and study space. All RMIT students have access to scholarly resources including course related material, books, e-books, journals and databases. Computers, printers and group study rooms are available at each Melbourne Library location. You can access the Internet and Library e-resources. You can also access the RMIT University wireless network in the Library. Contact Ask the Library for assistance and further information

Study Support is available for assistance with assignment preparation, academic writing, information literacy, referencing, maths and study skills.

Online learning tools and content

As a student in this program, you may access online learning tools and content for your program and associated courses from the student portal

Services available to you as a student at RMIT University

RMIT University provides a wide range of resources and opportunities to assist your learning and wellbeing so you can achieve your study and career goals. Services are available face to face and online assisting with: 

  • transition to tertiary study and learning 
  • study skills, academic skills including literacy, mathematics and basic sciences if relevant 
  • enabling assistance if you have a disability, long term medical condition or other form of disadvantage which may impact on your learning 
  • career development and employment 
  • living and wellbeing (including advice on health, housing and financial matters) 
  • opportunities for scholarships, leadership and study abroad. 

We also offer a dedicated support service for Aboriginal and Torres Strait Islander students. You can find more information at


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