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Top Universities for MS in Finance in Australia for International Students

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:

 

AspectDetails
Number of UniversitiesOver 20 universities offer MS programs in Finance.
Top Specialisations
  • Corporate Finance
  • Investment Banking
  • Financial Technology
  • Risk Management
Top Undergraduate Courses
  • Bachelors in Finance
  • Bachelors in Economics
  • Bachelors in Business Administration
Scholarships
  • University of Sydney International Research Scholarships
  • Monash University International Merit Scholarships
  • University of Melbourne Graduate Research Scholarships
Course Duration1-2 years
English Language ProficiencyTOEFL/IELTS required
IntakesFebruary, July
Cost of StudyINR 18,20,000 - INR 27,30,000 (AUD 30,000 - AUD 45,000) per year
Cost of LivingINR 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:

 

UniversityQS World Ranking 2025Average Tuition Fee (INR/year)
University of Melbourne#13INR 27,30,000 (AUD 45,000)
University of Sydney#18INR 25,48,000 (AUD 42,000)
University of New South Wales (UNSW)#19INR 24,37,000 (AUD 40,000)
Australian National University (ANU)#30INR 23,26,000 (AUD 38,000)
Monash University#37INR 24,37,000 (AUD 40,000)
University of Queensland (UQ)#40INR 23,26,000 (AUD 38,000)
University of Western Australia (UWA)#77INR 22,15,000 (AUD 36,500)
University of Adelaide#82INR 22,15,000 (AUD 36,500)
University of Technology Sydney#88INR 57,500 (AUD 1021) per credit
RMIT University#123INR 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 UniversityTuition Fees in AUD Tuition Fees in INR
Public UniversitiesAUD 28,000 - AUD 40,000INR 15.6L - INR 22.5L 
Private UniversitiesAUD 34,000 - AUD 46,000INR 19L - INR 26L 

NoteThe 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 CategoryEstimated Monthly Cost (INR)Estimated Monthly Cost (AUD)
AccommodationINR 16,800 - 33,600AUD 300 - 600
FoodINR 11,200 - 16,800AUD 200 - 300
TransportationINR 4,480 - 5,600AUD 80 - 100
UtilitiesINR 5,600 - 11,200AUD 100 - 200
MiscellaneousINR 5,600 - 11,200AUD 100 - 200
Total Monthly EstimateINR 43,680 - 78,400AUD 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 NameValue (INR)Type
University of Sydney International Research ScholarshipsINR 22,40,000 (AUD 40,000) per yearMerit-based
Monash University International Merit ScholarshipsINR 18,48,000 (AUD 33,000) one-off paymentMerit-based
University of Melbourne Graduate Research ScholarshipsINR 20,16,000 (AUD 36,000) per yearResearch-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 RoleAverage Salary (INR)Average Salary (AUD)
Financial AnalystINR 28,00,000 (AUD 50,000)INR 28,00,000 (AUD 50,000)
Investment BankerINR 40,00,000 (AUD 72,000)INR 40,00,000 (AUD 72,000)
Risk ManagerINR 34,00,000 (AUD 61,000)INR 34,00,000 (AUD 61,000)
Management ConsultantINR 36,00,000 (AUD 64,000)INR 36,00,000 (AUD 64,000)
Financial ControllerINR 32,00,000 (AUD 57,000)INR 32,00,000 (AUD 57,000)
Corporate TreasurerINR 38,00,000 (AUD 68,000)INR 38,00,000 (AUD 68,000)
Equity AnalystINR 30,00,000 (AUD 54,000)INR 30,00,000 (AUD 54,000)
Portfolio ManagerINR 42,00,000 (AUD 75,000)INR 42,00,000 (AUD 75,000)
Financial PlannerINR 26,00,000 (AUD 46,000)INR 26,00,000 (AUD 46,000)
Business AnalystINR 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:

 

RecruiterField
Macquarie GroupInvestment Banking
Commonwealth BankCorporate Finance
PwC AustraliaConsulting
KPMG AustraliaAudit and Advisory
ANZ Banking GroupRetail Banking
Westpac Banking CorpFinancial Services
Deloitte AustraliaFinancial Advisory
EY AustraliaProfessional Services
BHP GroupMining and Resources
Telstra CorporationTelecommunications

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Monash University

Melbourne - Aus

QS Rank

-/-

Tuition Fees

₹29.01L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹28.79L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹26.29L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility
RMIT University

Melbourne - Aus

QS Rank

-/-

Tuition Fees

₹25.22L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹24.97L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹24.62L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹24.21L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹22.15L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹20.88L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹19.96L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹19.16L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹18.85L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹18.52L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹18.13L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹18.10L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹17.50L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹16.59L/yr

Admission Requirements

IELTS:

6

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹13.05L/yr

Admission Requirements

IELTS:

6.5

Know more Check Eligibility
Charles Sturt University

Melbourne - Aus

QS Rank

-/-

Tuition Fees

₹11.99L/yr

Admission Requirements

IELTS:

6

Know more Check Eligibility

QS Rank

-/-

Tuition Fees

₹10.95L/yr

Admission Requirements

IELTS:

6

Know more Check Eligibility
1

Top Universities for MS in Finance in Australia for International Students

Q. Is work experience required for admission to MS in Finance in Australia?

Ans. Work experience is not always mandatory but can enhance your application. Some programs may prefer candidates with relevant professional experience in finance or related fields to enrich classroom discussions and practical applications.

Q. Are there scholarships available for international students pursuing MS in Finance in Australia?

Ans. Yes, many Australian universities offer scholarships specifically for international students pursuing MS programs in Finance. Scholarships such as the University of Sydney International Research Scholarships and Monash University International Merit Scholarships support international students financially. They cover tuition fees and sometimes living expenses, making the MS in Finance program more accessible.

Q. What are the English language requirements for MS in Finance programs in Australia?

Ans. Most universities require international applicants to demonstrate proficiency in English through tests like IELTS or TOEFL. Typically, a minimum score is required, varying slightly between institutions.

Q. What is the typical duration of an MS in Finance program in Australia?

Ans. MS in Finance programs in Australia usually span 1 to 2 years, depending on whether you pursue full-time or part-time study. Full-time programs generally take 1 year to complete, while part-time options can extend up to 2 years.

Q. Are there internship opportunities during an MS in Finance in Australia?

Ans. Many universities in Australia facilitate internship placements as part of their MS in Finance programs. Internships provide valuable practical experience and networking opportunities, enhancing students' employability upon graduation.

Q. What career paths can I pursue after completing an MS in Finance in Australia?

Ans. Graduates can explore diverse career paths, including investment banking, corporate finance, financial analysis, risk management, and consulting. The MS in Finance equips students with analytical skills and strategic thinking essential for leadership roles in these fields.

Q. Can international students work part-time while studying MS in Finance in Australia?

Ans. Yes, international students with a valid student visa can work part-time (usually up to 20 hours per week) during their studies. This opportunity allows students to gain work experience and supplement their living expenses.

Q. What is the cost of living like for international students pursuing MS in Finance in Australia?

Ans. The cost of living varies depending on the city but generally includes accommodation, food, transportation, and other personal expenses. Cities like Sydney and Melbourne are more expensive compared to regional areas, but budgeting wisely can help manage expenses effectively.

Q. Are there opportunities for networking and industry exposure during MS in Finance in Australia?

Ans. Australian universities often organise networking events, guest lectures, and industry workshops where students can connect with professionals in the finance sector. These opportunities provide insights into industry trends and potential career paths.

Q. Which are the best universities for MS in Finance in Australia?

Ans. The best universities for MS in Finance in Australia include the University of Melbourne, the University of Sydney, the University of New South Wales, and Monash University. These universities are globally recognised for their finance programs and offer comprehensive curricula and strong industry connections.

Q. What is the average Masters in Finance Australia fees?

Ans. The average fees for Masters in Finance in Australia range from INR 18,20,000 to INR 27,30,000 per year, which is approximately AUD 30,000 to AUD 45,000. Additionally, the cost of living is around INR 91,000 to INR 1,21,000 per month, approximately AUD 1,500 to AUD 2,000.