MC201 - Master of Finance

The Master of Finance degree requires the completion of 192 credit points (CP) comprising of the following:

• 8 Economics and Finance Compulsory courses (96 CP)
• 1 Capstone course (12 CP)
• 1 Business Research course (12 CP)
• 6 Elective courses (4 courses must be selected from the options list below, 2 can be any Postgraduate University elective) (72CP)

Information about University Postgraduate elective courses is available on the University Electives web page.

Please note: All courses listed may not be available each Semester, this is important to note when planning your enrolments. You must ensure that you satisfy the academic requirements of your program in order to graduate.  

Masters Advanced Standing 

Your eligibility for masters advanced standing was assessed as part of the admissions process in line with the RMIT Credit Policy. Masters advanced standing will have been included in your offer letter if you were assessed as eligible and will show in your offer letter as course exemptions with MX grades.  

If you have received masters advanced standing as part of the admissions process, you are required to complete twelve (12) courses (144 credit points) in order to qualify for the degree. Please refer to this program map for details.  

If you have not received masters advance standing as part of the admissions process, you are required to complete sixteen (16) courses (192 credit points) in order to qualify for the degree. Please refer to this program map for details. 

If you have not received masters advanced standing but believe you might be eligible, please contact Business Connect. 

Capstone Courses

Capstone Courses are compulsory courses designed to consolidate the learning undertaken throughout the program and should be taken in your final semester of study. Applications for credit transfer or recognition of prior learning will not be accepted for Capstone courses.

The capstone course for this program is:

• BAFI3178 Portfolio Management

Global Intensives, Student Exchange, and Cross-campus Study

As one of your elective choices (12 credit points only), you may want to consider enriching your student experience by undertaking global study and work (offered by the College of Business and Law) as part of your RMIT program. Please visit the Global Study and Work webpage for more information. International study and work opportunities at RMIT include:

• Global intensives (study tours)
• Student exchange
• Cross-campus study in Vietnam

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Year One of Program

Semester 2 2022 Program changes

The four (4) Business Enabling courses below have been removed from Year 1 of the program structure effective from Semester 2, 2022.

• BUSM1162 Management 1 - Managing People
• BUSM3886 Business and Government in the Global Context
• ISYS1028 Global Business and Social Technology: A Case Study Approach
• ACCT2127 Accounting for Management Decisions

The Business Enabling courses are replaced with four (4) additional courses from the current options list. Please refer to the bottom of the program structure below for the options course list, which include the following 2 new optional courses:

• BAFI3284 Frontiers in Financial Technology and Innovations
• BAFI3255 Crypto Finance

Students who received exemptions for the four (4) Business Enabling courses, prior to Semester 2 2022:

These courses will be recognised as part of your program, and no further action is required. You may continue your program enrolment as planned.

Students who have successfully completed or received exemptions for up to three of the four (4) Business Enabling courses, prior to Semester 2 2022, will need to complete additional courses as detailed below:

• Students who completed one Business Enabling course, must complete an additional three courses (36 credit points) from the options list.
• Students who completed two Business Enabling courses, must complete an additional two courses (24 credit points) from the options list.
• Students who completed three Business Enabling courses, must complete one additional course (12 credit points) from the options list.

Please refer to this program map for details. 

Please also note the following changes:

• If you have completed ECON1095 Quantitative Methods in Finance, you do not need to complete BAFI3288 Quantitative Financial Methods and Modelling as this is a replacement course.

• If you have completed ECON1560 Blockchain and Cryptofinance, this will continue to be counted as an optional elective (12 credit points). This course will no longer be offered as an optional elective from semester 2 2022.

• If you have completed BUSM4483 Postgraduate Business Internship, this will continue to be counted as an optional elective (12 credit points). This course will no longer be offered as an optional elective from semester 2 2022.

• If you have completed BUSM4609 Postgraduate Business Internship (24cp), this will continue to be counted as two optional electives (24 credit points). This course will no longer be offered as an optional elective from semester 2 2022.

Pre-2022

Students who commenced the program prior to 2022, please refer to the following transition rules:

Program Changes Effective Semester 2, 2021

• ECON1113 Economic Analysis for Business was replaced by BAFI3261 Global Financial Markets and Institutions.

• If you have completed ECON1113 Economic Analysis for Business prior to Semester 2, 2021, you do not need to complete BAFI3261 Global Financial Markets and Institutions.

• If you have completed BAFI3190 Research Issues in Finance, you do not need to complete BAFI3190 Case Studies in Finance as this is a course title change only.

Program Changes Effective Semester 1, 2021

Addition of two (2) new Core courses

• BAFI3257 Corporate Financial Management

• ECON1195 Financial Econometrics*

ECON1195 Financial Econometrics replaced BUSM4448 Business Research Design as the Research Component course.

Addition of two (2) new Elective options

• BAFI3252 Modelling in Finance
• ECON1560 Blockchain and Cryptofinance

Addition of one (1) Elective course, allowing students to complete two (2) Elective options (totalling 24 credit points)

Removal of three (3) Core courses

• BAFI1059 Corporate Finance
• BAFI2077 Investment Analysis
• BUSM4448 Business Research Design

Removal of three (3) Elective options

• ECON1236 Applied Macroeconomics
• ECON1237 Applied Microeconomics
• ECON1238 Econometric Techniques

Course code and title change

• ECON1239 Principles of Finance to BAFI3258 Managerial Finance
• BAFI1075 International Finance to BAFI1075 Global Funds Management

1. If you have completed ECON1239 Principles of Finance, you do not need to complete BAFI3258 Managerial Finance as this is a Course Title change only;
2. If you have completed BAFI1059 Corporate Finance, this can count as an Elective;
3. If you have completed BAFI2077 Investment Analysis, this can count as an Elective;
4. If you have completed BAFI1059 Corporate Finance and BAFI2077 Investment Analysis, you do not need to complete BAFI3257 Corporate Financial Management and 1 Elective;
5. If you have completed BUSM4448 Business Research Design, you do not need to complete ECON1195 Financial Econometrics.
6. If you have completed BAFI1075 International Finance, you do not need to complete BAFI1075 Global Funds Management as this is a Course Title change only.

Semester One: Complete the following Four (4) Courses:

Semester Two: Complete the following Three (3) Courses:

Select and Complete One (1) 12 credit point course form the option courses listed at the end of the program structure:

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Year Two of Program

Semester One: Complete the following Three (3) Courses:

Select and Complete One (1) 12 credit point course from the Option Courses listed at the end of the program structure

Semester Two: Complete Two (2) Courses from the Option Courses listed at the end of the program structure:

Select and Complete Twenty-Four (24) credit point courses from any: (may include a Global Study Tour)

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Option Course List

Postgraduate elective options

You must select at least 4 courses from the 'List of Option Courses' below.

The other 2 electives can be any University Postgraduate elective and can include a Global Study Tour.

List of Option Courses:

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