Master of Finance in Australia: Best Institutes & Fees in 2025
A Master of Finance in Australia (also known as M.Fin) is a post-graduate degree program that aims to develop an advanced level of knowledge in the domain of finance. The duration of this program in Australian universities is 1.5-2 years.
After the completion of the program, students learn to manage money, assets, and investments in the public and private sectors. In this blog, we have discussed the top reasons for pursuing a Master of Finance course, along with top universities, course structure, entry requirements, and more.
- Top Reasons to Pursue Master of Finance in Australia
- Top 10 Universities in Australia for Master’s in Finance
- Course Structure & Subjects in Master of Finance in Australia
- Master of Finance in Australia: Eligibility Criteria
- English Language Test Requirements
- Documents Checklist for University Admission Process
- How to Apply for MFin in Australia?
- Career After Master of Finance in Australia
- Career after MiM in Australia for Indian Students
- Key Takeaways by AdmitX
- FAQs
Top Reasons to Pursue Master of Finance in Australia
A Master’s in Finance in Australia offers international students, including Indians, detailed knowledge and a comprehensive understanding about
- Operations and activities of the Australian and global financial markets.
- Financial management principles
- Application of management principles to financial policies
- Asset classes and the operations of the market in these asset classes
- Financial industries include international finance, financial econometrics, financial engineering, financial planning, etc.
Top 10 Universities in Australia for Master’s in Finance
The following are the top 10 universities offering the master of finance in Australia, along with their QS world university rankings, total tuition fees, degree name, and duration.
| University | QS World University Rankings by Subject 2024 (Accounting & Finance) | Total Tuition Fee 2024-25 | Degree Name | Duration |
|---|---|---|---|---|
| University of New South Wales | 20 | AUD 56,000 | Master of Finance | 1 Year |
| University of Melbourne | 24 | AUD 94,488 | Master of Finance | 1.5 Year |
| University of Sydney | 28 | AUD 58,800 | Master of Commerce | 1.5 Year |
| Monash University | 35 | AUD 56,800 | Master of Advanced Finance | 1-1.5 Year |
| Australian National University | 42 | AUD 106,740 | Master of Finance | 2 Years |
| University of Queensland | 61 | AUD 53,760 | Master of Finance & Investment Management | 1 Year |
| University of Technology Sydney | 90 | AUD 76,440 | Master of Finance | 1.5 Year |
| RMIT University | 100 | AUD 92,160 | Master of Finance | 2 Years |
| Deakin University | 101 | AUD 46,200-92,400 | Master of Finance | 1-2 Years |
| Macquarie University | 101 | AUD 43,200 | Master of Finance | 1 Year |
Course Structure & Subjects in Master of Finance in Australia
The entire duration of the master’s in finance in Australian universities is around 1-2 years, depending on the coursework. It requires students to earn a specified number of credits or units to earn the degree. The number of credits or units might vary depending on the university, and it ranges between 48 credits to 150 credits. It comprises
- Core SubjectsÂ
- Compulsory subjects
- Elective subjects
- Capstone research project
Core Subjects
Depending on the university, students can choose 4-6 core subjects given below. The availability of a particular subject may also depend on the university.
- Risk Management
- Investment Management
- Data Analysis for Finance
- Corporate Restructuring & Valuation
- Machine Learning in Finance
- Ethics in Finance
- International Market
- Corporate Finance
Compulsory Subjects
Depending on the university, students get the opportunity to study the following subjects.
- Quantitative Analysis for Finance
- Economics of Finance
- Financial Analysis
- Financial Markets and Instruments
- Advanced Financial Modeling
- Behavioural Finance
- Portfolio Theory and its Applications
- Derivative Securities
Elective Subjects
Depending on the university, students can choose 2-3 elective subjects given below. The availability of a particular subject may also depend on the university.
- International Financial Management
- Treasury Management
- Project Finance
- Property Development
- Global Business Practicum
- Emerging Market Finance
- Strategic Management
- Quantitative Analysis for Finance
Capstone Research Project
International students are allowed to work on case studies or certain project work with the collaboration of professional finance practitioners to identify the current issue of interest. The topics are allotted by the faculty of business or commerce in the concerned institute.
Master of Finance in Australia: Eligibility Criteria
Depending on the university, the entry requirements for a master of finance in Australia might vary. Below, we have listed the general eligibility criteria to qualify for the admission process.
- A bachelor’s or bachelor’s honours degree in accounting, commerce, business, finance, or economics as a major with a WAM or average grade of 65-75%.
- Applicants must have studied at least 4-5 subjects at the undergraduate level, as given below.
- Finance & Financial Management
- Business Studies
- Accounting & Accounting Management
- Advanced Mathematics or Mathematical Analysis
- Calculus
- Probability
- Statistics
Standardised Test Requirements
Depending on the university, international applicants must have a GMAT or GRE score.
| Standardised Test | Minimum Score |
|---|---|
| GMAT Focus | More than 650 |
| GRE | 290-320 |
English Language Test Requirements
- Indian students must take one of the following tests and have a minimum score or band to prove proficiency in the English language.
- Some universities can provide a waiver on a case-to-case basis.
| Test | Minimum Score |
|---|---|
| TOEFL | 90-100 |
| IELTS Academic | 6.5-7.0 |
| PTE | 63-70 |
Work Experience
Depending on the university, work experience of a minimum of 2-3 years in the following fields can strengthen the application.
Documents Checklist for University Admission Process
The following documents are required for admission into the Master of Finance in Australia.
- Previous academic documentsÂ
- Undergraduate marksheets for each semester
- Undergraduate degree certificate
- Passing certificate
- Transfer certificate
- Course completion certificate
- Proof of English Language Proficiency (IELTS/TOEFL/PTE, etc.) or MOI certificate
- University application fee (AUD 100-150 or INR 5,400-8,100)
- 1 Statement of Purpose or Personal Statement
- 1-2 Letter of Recommendation
- GMAT/GRE scorecard (if required)
- 1 CV/Resume
- Work experience certificate
- Passport
- Proof of funds to cover the tuition and living expenses (depending on the university)
- Health and medical fitness report
How to Apply for MFin in Australia?
Indian students can follow the steps below to apply for a master of finance in Australia.
- Enlist the Australian universities offering Master of Finance courses from the table that we have provided above.
- Visit their official websites and check the important details such as syllabus, entry requirements, career outcome, class profile, application dates, etc.
- Depending on the above factors listed and personal preferences, shortlist 5-6 universities.
- Considering their application dates, start applying for the program on their official websites.
- Register on the university websites.
- Complete the university application form.
- Upload the documents
- Pay the application fee.
- Review and submit the application form.
- Print out the confirmation receipt.
- Wait for the university’s response.Â
- It takes 4-6 weeks for most of the universities to come up with results.
- Upon successful completion of the application process, you will get a conditional offer letter by email.
- Accept the offer letter as instructed by the university and pay the first installment of the tuition fees.
- Fulfill the other requirements given the conditional offer letter.
- After completing the requirements, you will get a confirmation of enrollment from the university through email.
- Now, you can proceed with your student visa application.
Career After Master of Finance in Australia
Indian students who have completed the MFin in Australia can be employed in various industries, such as Goldman Sachs, Black Rock, PIMCO, Google, Apple, Microsoft, PayPal, Reserve Bank of Australia, etc.
The average salary of MFin graduates in Australia ranges from AUD 80,000-300,000 or INR 43 Lakh-1.16 Crore per year, depending on experience, skills, employer, location, etc.
Career after MiM in Australia for Indian Students
Indian students who have completed the MFin in Australia can be employed in various industries, such as Goldman Sachs, Black Rock, PIMCO, Google, Apple, Microsoft, PayPal, Reserve Bank of Australia, etc.
The average salary of MFin graduates in Australia ranges from AUD 80,000-300,000 or INR 43 Lakh-1.16 Crore per year, depending on experience, skills, employer, location, etc.
| Job Posts | Average Annual Salary |
|---|---|
| Fund Manager | AUD 86,000-300,000 (INR 46 Lakh-1.16 Crore) |
| Financial Planner | AUD 81,000-100,000 (INR 43 Lakh-54 Lakh) |
| Risk Manager | AUD 100,000-200,000 (INR 54 Lakh-1.08 Crore) |
| Investment Banker | AUD 100,000-200,000 (INR 54 Lakh-1.08 Crore) |
| Financial Analyst | AUD 80,000-100,000 (INR 43 Lakh-1.08 Crore) |
Key Takeaways by AdmitX
A master of finance degree program in Australia equips Indian students to enhance their skills in financial analysis, risk management, investment management, etc.
The aim is to understand the Australian and global financial markets, enabling students to leverage their potential to address the real-world problems relevant to money and asset management.
Australian universities are world-renowned for incorporating the principles of finance through classroom teaching, capstone projects, and internship programs.
FAQs
Which university is best for finance in Australia?
The University of New South Wales, University of Melbourne, University of Sydney, Monash University, etc., are some of the best universities for pursuing a master’s in finance in Australia.
Why study finance in Australia?
Australia is a globally recognised country for pursuing a master of finance program since it is home to expert financial professionals and the best universities that deliver research-oriented finance programs, have a well-developed economy and promote innovative practices in financial services.
Can I get PR in Australia after completing a master of finance?
Since the occupation earned after completing the post-graduate finance course in Australia is in the medium and long-term skill shortage list, graduates are entitled to apply for a PR on visa subclasses 190 and 491.
What is the salary after a Master of Finance in Australia?
The average salary of an MFin graduate in Australia is around AUD 80,000-300,000 or INR 43 Lakh-1.16 Crore per year, depending on experience, skills, employer, location, etc.Â
What GPA do I need for a Master of Finance in Australia?
To pursue an MFin program in Australia, Indian students are required to have a minimum of 65-75% at the undergraduate level.
