Have you heard about the incredible opportunities that come with an MS in Finance in Australia?
This dynamic program not only equips you with advanced financial skills but also opens doors to lucrative career paths in one of the world’s strongest economies.
The MS in Finance program in Australia typically spans 1-2 years, offering specialisations in areas like Corporate Finance, Investment Banking, and Financial Technology.
With renowned universities and comprehensive curricula, this program ensures you are well-prepared to tackle the challenges of the global financial market.
Key Highlights of MS in Finance in Australia:
Aspect | Details |
Number of Universities | Over 20 universities offer MS programs in Finance. |
Top Specialisations |
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Top Undergraduate Courses |
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Scholarships |
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Course Duration | 1-2 years |
English Language Proficiency | TOEFL/IELTS required |
Intakes | February, July |
Cost of Study | INR 18,20,000 - INR 27,30,000 (AUD 30,000 - AUD 45,000) per year |
Cost of Living | INR 91,000 - INR 1,21,000 (AUD 1,500 - AUD 2,000) per month |
Why Study MS in Finance in Australia?
An MS in Finance in Australia could be the key to unlocking numerous opportunities and setting you up for long-term success.
Here’s why investing in this program in Australia is a smart choice:
1. Career Growth and Industry Demand
- Australia boasts a strong and resilient economy, making it a hub for financial services. The finance sector is one of the largest contributors to the Australian economy, providing ample job opportunities for graduates.
- According to the Australian Government's Job Outlook, employment for financial analysts is expected to grow significantly over the next 5years.
- Additionally, the average starting salary for finance professionals is quite attractive, ranging from INR 54,60,000 to INR 91,00,000 (AUD 90,000 to AUD 150,000) per year. This makes an MS in Finance in Australia a valuable investment for your future.
2. Specialisation Opportunities:
- The MS in Finance programs in Australia offer a wide range of specialisations, allowing you to tailor your studies to your career goals.
- Whether you're interested in corporate finance, investment banking, financial technology, or risk management, Australian universities provide comprehensive and specialised courses that cater to your interests.
3. Renowned Universities and Industry Connections
- Australia is home to several top-ranked universities renowned for their finance programs. Institutions like the University of Melbourne, the University of Sydney, and the University of New South Wales are globally recognised for their academic excellence and strong industry connections.
- These universities collaborate with leading financial institutions, providing students with valuable networking opportunities, internships, and real-world experience.
4. Research Opportunities and Focus Areas
- Australian universities are at the forefront of financial research, offering students the chance to engage in cutting-edge projects and studies. This focus on research ensures that you are exposed to the latest trends and developments in the finance industry.
- Additionally, many programs emphasise practical learning, integrating case studies, simulations, and industry projects into the curriculum.
5. Cultural and Social Advantages
- Living and studying in Australia offers a unique cultural experience. Known for its high quality of life, Australia provides a safe and welcoming environment for international students.
- The country is rich in diversity, with people from all over the world, which means you'll have the chance to meet and network with a diverse group of peers.
- Moreover, Australia’s vibrant cities, stunning landscapes, and friendly locals make it an enjoyable place to live and study. The laid-back lifestyle, coupled with a strong support system for international students, ensures that your time in Australia is both productive and enjoyable.
What are the Top Universities for MS in Finance in Australia?
Fact: According to QS World University Rankings by Subject 2024: Business & Finance, #5 Universities in Australia are ranked among the top 50 Universities in the World. |
Australia is renowned for its high-quality education system, and its universities are no exception when it comes to finance programs. Pursuing an MS in Finance in Australia offers numerous benefits, including access to world-class facilities, industry connections, and strong alumni networks.
Here are some of the top universities in Australia that offer MS programs in Finance, along with their QS World Ranking 2025 and average tuition fees:
University | QS World Ranking 2025 | Average Tuition Fee (INR/year) |
University of Melbourne | #13 | INR 27,30,000 (AUD 45,000) |
University of Sydney | #18 | INR 25,48,000 (AUD 42,000) |
University of New South Wales (UNSW) | #19 | INR 24,37,000 (AUD 40,000) |
Australian National University (ANU) | #30 | INR 23,26,000 (AUD 38,000) |
Monash University | #37 | INR 24,37,000 (AUD 40,000) |
University of Queensland (UQ) | #40 | INR 23,26,000 (AUD 38,000) |
University of Western Australia (UWA) | #77 | INR 22,15,000 (AUD 36,500) |
University of Adelaide | #82 | INR 22,15,000 (AUD 36,500) |
University of Technology Sydney | #88 | INR 57,500 (AUD 1021) per credit |
RMIT University | #123 | INR 25L (AUD 45,120) |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the top specialisations for MS in Finance in Australia?
Thinking about specialising in finance? Australia offers a variety of MS specialisations that are highly sought after in the industry.
Let's dive into some of the most popular and in-demand specialisations available in MS in Finance programs within the country.
1. Corporate Finance
- Focus: Capital structure, funding, investment decisions, and valuation.
- Industry Demand: High demand in large corporations and consultancy firms.
2. Investment Banking
- Focus: Mergers and acquisitions, capital raising, and trading.
- Industry Demand: Strong demand for banks and financial institutions.
3. Financial Technology (FinTech)
- Focus: Blockchain, digital currencies, and technology-driven financial services.
- Industry Demand: Growing demand in tech-driven finance companies and start-ups.
4. Risk Management
- Focus: Identifying, assessing, and mitigating financial risks.
- Industry Demand: Essential in banks, insurance companies, and regulatory bodies.
5. International Finance
- Focus: Global financial markets, exchange rates, and international investment.
- Industry Demand: High demand for multinational corporations and global financial institutions.
What are the different types of MS in Finance in Australia?
Australia offers a range of MS programs in Finance to cater to different learning styles and career goals.
Here’s a breakdown of the different types available:
1. Full-Time Programs
- Duration: Typically 1-2 years.
- Suitability: Ideal for students who can commit to full-time study and want to complete their degree quickly.
2. Part-Time Programs
- Duration: 2-4 years.
- Suitability: Suitable for working professionals who want to study while continuing their careers.
3. Thesis-Based Programs:
- Focus: Research and development of a thesis on a specialised finance topic.
- Suitability: Best for those interested in academia or research-oriented careers.
4. Coursework-Based Programs:
- Focus: Classroom learning, projects, and practical assignments.
- Suitability: Ideal for students looking to enter the industry immediately after graduation.
What is the Course Curriculum of MS in Finance in Australia?
The course curriculum for an MS in Finance in Australia is designed to provide a comprehensive understanding of financial principles and practices.
Here’s a general overview:
1. Core Subjects
- Financial Accounting
- Corporate Finance
- Investment Analysis
- Risk Management
- International Finance
2. Elective Options
- Financial Technology (FinTech)
- Mergers and Acquisitions
- Behavioural Finance
- Advanced Derivatives
- Wealth Management
3. Thesis or Project Requirements:
- Many programs require the completion of a thesis or a capstone project, allowing students to explore a particular area of finance in depth.
4. Practical Components
- Internships: Many programs include internships with leading financial institutions, providing hands-on experience.
- Research Projects: Opportunities to work on real-world financial problems and develop innovative solutions.
What are the Admission Requirements for MS in Finance in Australia?
Pursuing an MS in Finance in Australia is a fantastic opportunity to advance your career in the financial sector. To ensure a smooth application process, it’s important to understand the admission requirements.
Let’s break down the key requirements into academic prerequisites, necessary documents, and visa obligations.
Academic Requirements:
To be eligible for an MS in Finance program in Australia, you generally need to meet the following academic criteria:
- Undergraduate Degree: A bachelor’s degree in finance, business, economics, or a related field from a recognised institution.
- Minimum GPA: Most universities require a minimum Grade Point Average (GPA) of around 3.0 on a 4.0 scale or its equivalent.
- Prerequisite Courses: Some programs may require you to have completed specific courses in accounting, economics, and statistics.
- Standardised Tests: Depending on the university, you may need to submit scores from standardised tests like the GMAT or GRE. However, this requirement is not universal and varies by institution.
Documents Requirements:
When applying for an MS in Finance, you will need to provide several key documents:
- Academic Transcripts: Official transcripts from all previously attended institutions.
- English Language Proficiency: Proof of English proficiency through tests like IELTS (minimum score usually around 6.5) or TOEFL (minimum score usually around 90).
If you want to score high in the IELTS exam, sign up and start preparing today!
- Resume/CV: A detailed resume highlighting your academic and professional background.
- Statement of Purpose: An essay explaining your motivations for pursuing an MS in Finance, your career goals, and why you chose the specific university.
- Letters of Recommendation: Typically, two to three letters from professors or employers who can vouch for your academic and professional abilities.
- Passport Copy: A copy of your valid passport for identification purposes.
Visa Requirements:
As an international student, you will need to secure a student visa to study in Australia:
- Visa Required: International students planning to study for more than three months in Australia typically require a Student Visa (subclass 500).
- Confirmation of Enrolment (CoE): An official document from your university confirming your admission and enrolment in the MS program.
- Genuine Temporary Entrant (GTE) Requirement: A statement that you intend to stay in Australia temporarily for study purposes.
- Financial Requirements: Proof that you have sufficient funds to cover tuition fees, living expenses, and travel costs. This generally amounts to around AUD 20,290 per year for living costs.
- Health Insurance: Overseas Student Health Cover (OSHC) for the duration of your stay.
- English Language Proficiency: Evidence of meeting the English language requirements set by the Department of Home Affairs.
- Character Requirements: A police certificate or proof of good character.
Additional Requirements:
Some universities may have additional requirements or recommendations, such as:
- Work Experience: Relevant professional experience in finance or a related field can strengthen your application, especially for competitive programs.
- Interview: Some institutions might conduct an interview as part of the selection process.
- Portfolio: If you have done significant projects or research in finance, submitting a portfolio can be advantageous.
What is the Cost of Studying MS in Finance in Australia?
Pursuing an MS in Finance in Australia is a significant investment, offering excellent education and career opportunities. However, it's crucial to understand the costs involved in order to plan effectively.
Let's break down the average tuition fees, additional costs, and the overall cost of living.
Average Tuition Fees
The average tuition fees for MS programs in Finance at Australian universities can vary based on the institution, program type, and specialisation.
Here are some general estimates:
Type Of University | Tuition Fees in AUD | Tuition Fees in INR |
Public Universities | AUD 28,000 - AUD 40,000 | INR 15.6L - INR 22.5L |
Private Universities | AUD 34,000 - AUD 46,000 | INR 19L - INR 26L |
Note: The fees mentioned in the table are approximate and may vary depending on the university and currency exchange rates.
What is the Cost of Living in Australia?
Living expenses in Australia can vary significantly based on your location and lifestyle.
Here's an estimated range for the cost of living for international students:
Expense Category | Estimated Monthly Cost (INR) | Estimated Monthly Cost (AUD) |
Accommodation | INR 16,800 - 33,600 | AUD 300 - 600 |
Food | INR 11,200 - 16,800 | AUD 200 - 300 |
Transportation | INR 4,480 - 5,600 | AUD 80 - 100 |
Utilities | INR 5,600 - 11,200 | AUD 100 - 200 |
Miscellaneous | INR 5,600 - 11,200 | AUD 100 - 200 |
Total Monthly Estimate | INR 43,680 - 78,400 | AUD 780 - 1,400 |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are some scholarships available for an MS in Finance in Australia?
When considering pursuing an MS in Finance in Australia, exploring scholarship opportunities can significantly alleviate financial burdens and enhance your academic journey.
Scholarships not only provide financial support but also recognise academic excellence and potential.
Here are some notable university-specific scholarships:
Scholarship Name | Value (INR) | Type |
University of Sydney International Research Scholarships | INR 22,40,000 (AUD 40,000) per year | Merit-based |
Monash University International Merit Scholarships | INR 18,48,000 (AUD 33,000) one-off payment | Merit-based |
University of Melbourne Graduate Research Scholarships | INR 20,16,000 (AUD 36,000) per year | Research-based |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the Jobs after MS in Finance in Australia?
Graduates with an MS in Finance from Australia are well-positioned for lucrative careers across diverse industries. Equipped with advanced financial knowledge and leadership skills, they excel in roles ranging from investment banking and corporate finance to management consulting and financial analysis.
Thinking about what the career scope is after an MS in Finance in Australia?
- Graduates with an MS in Finance from Australia are well-equipped for a diverse array of career opportunities across various industries.
- The program not only enhances financial acumen but also develops leadership skills crucial for roles in the consulting, finance, marketing, and technology sectors.
- Students gain expertise in financial analysis, strategic planning, risk management, and corporate finance, preparing them for senior management positions and entrepreneurial ventures.
Ever thought about how much average salary you can expect?
The average salary for MS in Finance graduates in Australia varies based on specialisation, industry, and job role. Factors such as experience, location, and the reputation of the business school also influence salary levels significantly.
Here's a detailed look at salary ranges across top job roles:
Job Role | Average Salary (INR) | Average Salary (AUD) |
Financial Analyst | INR 28,00,000 (AUD 50,000) | INR 28,00,000 (AUD 50,000) |
Investment Banker | INR 40,00,000 (AUD 72,000) | INR 40,00,000 (AUD 72,000) |
Risk Manager | INR 34,00,000 (AUD 61,000) | INR 34,00,000 (AUD 61,000) |
Management Consultant | INR 36,00,000 (AUD 64,000) | INR 36,00,000 (AUD 64,000) |
Financial Controller | INR 32,00,000 (AUD 57,000) | INR 32,00,000 (AUD 57,000) |
Corporate Treasurer | INR 38,00,000 (AUD 68,000) | INR 38,00,000 (AUD 68,000) |
Equity Analyst | INR 30,00,000 (AUD 54,000) | INR 30,00,000 (AUD 54,000) |
Portfolio Manager | INR 42,00,000 (AUD 75,000) | INR 42,00,000 (AUD 75,000) |
Financial Planner | INR 26,00,000 (AUD 46,000) | INR 26,00,000 (AUD 46,000) |
Business Analyst | INR 32,00,000 (AUD 57,000) | INR 32,00,000 (AUD 57,000) |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
Top Recruiters
Graduates with an MS in Finance from Australia are highly sought after by leading companies and organisations globally. These employers value the rigorous academic training and practical skills gained through Australian universities.
Here are some of the top recruiters across various fields:
Recruiter | Field |
Macquarie Group | Investment Banking |
Commonwealth Bank | Corporate Finance |
PwC Australia | Consulting |
KPMG Australia | Audit and Advisory |
ANZ Banking Group | Retail Banking |
Westpac Banking Corp | Financial Services |
Deloitte Australia | Financial Advisory |
EY Australia | Professional Services |
BHP Group | Mining and Resources |
Telstra Corporation | Telecommunications |