B6004 Master of Banking and Finance
Faculty of Business and Economics
Master of Banking and Finance (B6004) is a 2 years full-time, 96-credit-point, master's degree (coursework) course from the Faculty of Business and Economics, taught at Clayton. Map your units semester by semester with the MonMap planner.
- Credit points
- 96
- Duration
- 2 years full time
- 4 years part time
- Campus
- Clayton
- On campus
This is the 2020 handbook entry. See the 2027 entry.
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Requisite map
Overview
This comprehensive master's degree will provide you with a thorough understanding of the banking and finance industry. Designed for people who have limited prior knowledge in finance and are looking to enter the industry, the course is ideal if you want to build strong skills in banking and finance, develop your knowledge of financial institutional issues and gain practical experience in applying your acquired knowledge.
Course structure
Part A: Advanced preparatory24 credit points
Part B: Mastery knowledge48 credit points
- BFC5130Case studies in banking and financeNo reviews yet6 cp
- BFC5280Institutional asset and liability managementNo reviews yet6 cp
- BFC5914Bank lendingNo reviews yet6 cp
- BFC5916International bankingNo reviews yet6 cp
- BFC5926Financial institutions and marketsNo reviews yet6 cp
- BFC5935Portfolio management and theoryNo reviews yet6 cp
- BFC5936Financial modellingNo reviews yet6 cp
Banking and Finance unit
6 credit pointsPart C: Application studies24 credit points
- ACF5130Financial statement analysis and business valuationNo reviews yet6 cp
- ACF5950Introduction to financial accountingNo reviews yet6 cp
- ACF5955Management accountingNo reviews yet6 cp
- BEX5200Climate change and carbon management strategiesNo reviews yet6 cp
- BFC5380Credit risk modellingNo reviews yet6 cp
- BFF5270Funds managementNo reviews yet6 cp
- BFF5580Mergers and acquisitionsNo reviews yet6 cp
- BFF5902Introduction to risk managementNo reviews yet6 cp
- BFF5977Risk financing and treasury managementNo reviews yet6 cp
- BFX5260Treasury and financial marketsNo reviews yet6 cp
- BFX5860International study program in banking and financeNo reviews yet6 cp
- BTC5914Scandal: Risk, ethics, and consequences in finance lawNo reviews yet6 cp
- BTF5910Corporate sustainability regulationNo reviews yet6 cp
- ETF5500High dimensional data analysisNo reviews yet6 cp
- ETF5922Data visualisation and analyticsNo reviews yet6 cp
- ETF5952Quantitative methods for risk analysisNo reviews yet6 cp
- FIT9136Algorithms and programming foundations in PythonNo reviews yet6 cp
- MGF5020Business ethics in a global environmentNo reviews yet6 cp
The handbook's description of this structure
The course is structured in three parts. Part A. Advanced preparatory, Part B. Mastery knowledge and Part C. Application studies. All students complete Part B. Depending upon prior qualifications, you may receive credit for Part A or Part C or a combination of the two.
Part A. Advanced preparatory
These studies will introduce you to core commerce disciplines and the impact they have within organisations. The units cover various disciplines and further your understanding of complex business environments.
Part B. Mastery knowledge
These units will provide you with a comprehensive study of banking and finance disciplines and the impact they have on decision-making in banks and institutions.
Part C. Application studies
The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development. You will be able to demonstrate your banking and finance knowledge and be able to apply these skills in banks and business enterprises.
Master's entry points
- If you are admitted at Entry level 1 you complete 96 points, comprising Part A, Part B and Part C.
- If you are admitted at Entry level 2 you complete 72 points, comprising Part B and Part C.
- If you are admitted at Entry level 3 you complete 48 points, comprising Part B.
Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.
Course progression map
The course progression map provides guidance on unit enrolment for each semester of study.
The course comprises 96 points structured into three parts: Part A. Advanced preparatory (24 points), Part B. Mastery knowledge (48 points) and Part C. Application studies (24 points).
- If you are admitted at Entry level 1 you complete 96 points, comprising Part A, Part B and Part C.
- If you are admitted at Entry level 2 you complete 72 points, comprising Part B and Part C.
- If you are admitted at Entry level 3 you complete 48 points, comprising Part B.
Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.
Units are 6 credit points unless otherwise stated.
Part A: Advanced preparatory (24 points)
You must complete:
a. Four units (24 points):
- ACC5903 Accounting for business
- BFC5925 Financial management theory
- ECC5953 Economics
- ETC5900 Business statistics
Part B: Mastery knowledge (48 points)
You must complete:
- BFC5130 Case studies in banking and finance
- BFC5280 Institutional asset and liability management
- BFC5914 Bank lending
- BFC5915 Options, futures and risk management or BFF5340 Advanced derivatives
- BFC5916 International banking
- BFC5926 Financial institutions and markets
- BFC5935 Portfolio management and theory
- BFC5936 Financial modelling
Part C: Application studies (24 points)
You complete four units (24 points) at either level 4 or 5. Elective units may be chosen from the Faculty of Business and Economics or across the University as long as you have the prerequisite and there are no restrictions on enrolment in the units.
You are recommended to complete electives from the following list as long as the prerequisites are met and there are no other restrictions on enrolment:
- ACF5130 Financial statement analysis and business valuation
- ACF5950 Introduction to financial accounting
- ACF5955 Management accounting
- BEX5200 Climate change and carbon management strategies
- BFC5380 Credit risk modelling
- BFF5270 Funds management
- BFF5580 Mergers and acquisitions
- BFF5902 Introduction to risk management
- BFF5977 Risk financing and treasury management
- BFX5260 Treasury and financial markets
- BFX5860 International study program in banking and finance
- BTC5914 Scandal: Risk, ethics and consequences in finance law
- BTF5910 Corporate sustainability regulation
- ETF5500 High dimensional data analysis
- ETF5922 Data visualisation and analytics
- ETF5952 Quantitative methods for risk analysis
- FIT9136 Algorithms and programming foundations in Python
- MGF5020 Business ethics in a global environment
Learning outcomes
These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.
Upon successful completion of this course it is expected that you will be able to:
- 1
be critical and creative scholars who:
- produce innovative solutions to problems
- apply research skills to business challenges
- communicate effectively and perceptively
- 2
be responsible and effective global citizens who:
- engage in an internationalised world
- exhibit cross-cultural competence
- demonstrate ethical values
- 3
have a comprehensive understanding of their discipline and be able to provide discipline-based solutions relevant to the business, professional and public policy communities we serve
- 4
demonstrate a mastery of banking and finance and be able to apply theoretical and practical knowledge and skills in banks and business enterprises.
Entry requirements
English language
Monash minimum: Level A, that is: IELTS: 6.5 overall (no band lower than 6.0); or TOEFL Paper-based test: 550 with a TWE of 4.5; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test
More information
Professional accreditation
This degree is accreditated by relevant Australian professional bodies. Refer to the professional recognition website.
Other information
This comprehensive master's degree will provide you with a thorough understanding of the banking and finance industry. Designed for people who have limited prior knowledge in finance and are looking to enter the industry, the course is ideal if you want to build strong skills in banking and finance, develop your knowledge of financial institutional issues and gain practical experience in applying your acquired knowledge.
Common questions
How long is Master of Banking and Finance?
2 years full time, 96 credit points. At 24 credit points a semester, that is 4 semesters of full-time study.
Where can I study Master of Banking and Finance?
At Clayton.
How do I plan my Master of Banking and Finance units?
Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.