Subject focus: Finance and Accounting in Australia and New Zealand

Study Options’ monthly course spotlights are designed to give you more detail on the range of programmes available at Australian and New Zealand universities within a subject area.  The fourth feature in our series covers finance and accounting and we've chosen to profile a few key programmes, below.

At postgraduate level commerce and business subjects can be studied in different ways, depending on the student’s academic and professional background - the programmes featured allow the student to specialise within finance and accounting.  Studying finance overseas will give you a new perspective on global business; Australia and New Zealand have a lot of trade with the Asian economies, as well as booming economies themselves.

There are a wide range of different programmes available in finance and accounting, so if the profiled courses aren't quite the right fit for you, contact the Study Options team for advice. 

Economics, Commerce, Business and Management

Master of Management at the University of Melbourne

Taught by one of Australia and Asia’s leading international universities for academic reputation and research output, the Masters of Management provides you with various pathways into executive management. 

The suite of programmes under this degree offers you an enhanced learning environment in the classroom, delivering the following streams:

  • Master of Management (Accounting and Finance) 
  • Master of Management 
  • Master of Management (Accounting)
  • Master of Management (Finance)
  • Master of Management (Marketing)
  • Master of Management (Human Resources)

The Master of Management suite of programmes is designed for recent graduates from all disciplines, those with minimal or no work experience, and early career starters. The programmes are designed to develop a sound business/management foundation and perspective, and provide the ability to develop specialised knowledge in an area of choice through elective subjects.

Classes are not limited to on-campus learning experiences. Workplace involvement programmes are hosted either in Australia, in some of the region’s most prominent corporations, or overseas, in cities such as Mumbai, Singapore, and Hong Kong. Internships are offered at a variety of leading organisations and industry sectors, formulated to introduce students to the complexities and opportunities to be faced in the working world. The business skills obtained in an internship are the results of students successfully replicating coursework in a real-world environment. The hands-on experience improves employability, as well as provides leverage on the prospects of peer and mentor associations, promoting networks of early career professionals. 

The Master of Management degree can either be completed over an 18-month or two-year duration. Entry requirements are the same for both options. 

Application deadlines

International applications must be submitted by: 

  • 31 October for Semester One (February) entry
  • 30 April for Semester Two (July) entry

Late applications may be accepted, however students are advised to apply as early as possible to avoid visa delays.

For more detail about entry requirements and how to apply, please contact a Study Options student advisor

Programme Details

Tuition Fees per year (2015): AU$36,448

Master of Finance at the University of Otago, New Zealand

(180 Otago points/90 ECTS; 12 months of study)

The University of Otago’s Business School is both AACSB and EQUIS accredited, and the School is ranked in the top 100 of universities worldwide for the field of Accounting and Finance (QS Subject Rankings, 2014). 

The Master of Finance consists of two semesters of coursework beginning each year in February and ending in November, this is followed by an Applied or Research Project.  The research option allows a pathway to PhD study, while the Applied Project will produce graduates well prepared for working in commercial and investment banks, brokerage and investment firms, insurance companies, treasury departments of non-financial corporations, regulatory agencies, consulting and accounting firms.

Students choose seven of the following courses:

  • ACFI 459 Advanced Research Methods 20 points
  • BSNS 401 The Environment of Business and Economics 20 points
  • FINC 402 Advanced Corporate Finance 20 points
  • FINC 403 Studies in Capital Markets 20 points
  • FINC 405 Mathematical Finance 20 points
  • FINC 406 Advanced Empirical Finance 20 points
  • FINC 410 Advanced International Financial Management 20 points
  • FINC 411 Financial Risk Management 20 points
  • FINC 460 Advanced Fixed Income Securities 20 points

Plus one of the following project courses:

  • BSNS 501 Applied Project 40 points  Or  BSNS 580 Research Project 40 points

Career Opportunities

As a graduate of the MFinc, if you complete the Applied Project (BSNS 501) option you will have a wide range of career opportunities in commercial and investment banks, brokerage and investment firms, insurance companies, treasury departments of non-financial corporations, regulatory agencies, consulting and accounting firms. If on the other hand you complete the Research Project (BSNS 580) you will also have the ability to design and pursue a large project of independent research. There are a wide range of roles you may find yourself working in such as personal financial advisors, financial managers, financial analysts, financial services sales agents, insurance underwriters, credit risk management analysts and mergers and acquisitions analysts. Salaries can range from NZ$70,000 to well over NZ$150,000 depending on your position and the organisation you work for.

For more information about this programme at the University of Otago, please contact Study Options.

Programme Details

Entry Requirements: Graduates of quantitatively-literate Bachelors’ Degrees majoring in subjects such as mathematics, physics, engineering, economics and finance, and holding a B+ average in relevant courses or with acceptable practical experience.

Tuition Fees: NZ$ 40,200

Start: Semester 1 (February)