• Australia

MBA Finance in Australia: Universities, Eligibility, Scholarships and Job Opportunities

  • views1249 Reads
  • read time3 min Read
  • By:CANAM Group
  • Updated On:Oct 20,2023 01:52 PM IST

Does capital assets, investment, stocks and risk evaluation seem like they’re your line of trade? If that makes you want to study Finance in Australia, read on for in-depth information on the program, alternative programs, admission requirements, scholarship options, job prospects and more.

MBA Finance in Australia.webpMBA in Finance in Australia is a 1.5 to 2-year long program offered at multiple institutes across the states of Australia. The program takes the students through business, management and financial topics of time, value of money, risk, return, capital budgeting, capital structure and financial decision making. 

Practical experience is the cornerstone of an Australian MBA program, where students undergo an internship or a business project unit. The hands-on experience provides students with a chance to be a part of teams where they solve real-world problems.

Finance as a field can have different approaches, hence postgraduate programs like Master of Applied Finance, Master of Commerce in Finance, Master of Financial Technology in Finance, Master of Business in Finance can alternatively offer similar skills and understanding of the field than an MBA in Finance. 

Universities for MBA Finance in Australia

Australian universities offering Master of Business Administration in Finance are listed below. 

Universities Offering Alternative Finance Programs

Alternative masters programs in finance and the universities offering them are listed below. 

UniversityProgram
The University of Newcastle Master of Applied Finance
University of New South Wales MCom (Extension) – Major Finance
Master of Finance
Master of Financial Analysis
University of WollongongMaster of Applied Finance (Investing)
Master of Applied Finance in Financial Services
Bond University Master of Finance
Griffith University Master of Finance
Master of Financial Technology in Finance
Deakin University Master of Finance
RMIT UniversityMaster of Business in Economics, Finance and Marketing
Master of Finance
The University of Western Australia Master of Applied Finance
Master of Commerce - Finance 
Swinburne University Master of Finance

Eligibility Criteria for MBA in Finance in Australia

The common admission requirements for MBA Finance programs in Australia are discussed within this section. Universities may have specific and different requirements for students. So, updated guidelines and international education experts can be consulted before making an application.  

1. Minimum Level of Education - Bachelor’s Degree or equivalent 

2. Minimum CGPA -  50%.

3. One of Minimum English Language Proficiency Scores:

4. IELTS – 6.5 

5. PTE  – 50-60

6. TOEFL – 79

Documents Required for MBA in Finance in Australia 

Application for MBA programs in Australian universities can be made with the following documents.

1. Academic transcripts

2. Undergraduate certificates

3. English language test reports

4. CV or Resume

5. Statement of purpose

6. Letter of recommendation 

NOTE: Every university has different document requirements; therefore the exact requirement must be confirmed before making an application.  

Scholarships for MBA in Finance in Australia

Multiple university scholarships can be availed by international students to study MBA Finance in Australia and external scholarships or sponsorships. Some of the university scholarships are given below. 

University of South Australia International Merit Scholarship 

International students with a GPA of 5.0 or equivalent in the previous studies receive a 15% reduction in their tuition fee for the complete duration of the course upon meeting the criteria.  

Vice Chancellor’s Academic Excellence Postgraduate Scholarship

International students fulfilling the criteria receive a 50% reduction on tuition fee for the complete duration of the program at Western Sydney University.  

Western Sydney University, Sydney City Campus International Student Scholarship 

International post graduate students with academic achievements are awarded $6,000 and $3,000 for up to two years upon satisfying all admission requirements.

Tasmanian International Scholarship

The University of Tasmania automatically offers eligible international applicants for postgraduate programs, a reduction of 25% of the tuition fee for the complete duration of the course.  

Job opportunities After MBA Finance in Australia

MBA Finance graduates from Australia get employed in various roles in the national and international enterprises across the world. Some job roles and their descriptions listed below.   

1. Financial Advisor – offers assistance in business model’s feasibility, plan outlining and timelines for profitability routes. 

2. Investment Banker – help raises capital by issuing stock, floating bonds, accusations and mergers.  

3. Investment Analyst – evaluates financial and investment information for buying, selling and holding recommendations for bonds, stocks and options.

4. Analytics Manager – develops strategies for effective data analysis and reporting and work closely with leaders across product, sales, and marketing teams to support and implement high-quality, data-driven decisions.

5. Finance Manager – advise senior managers on profit making ideas, ensure business processes, administration, and financial management and leads planning and forecasting business activities with partners. 

6. Management Consultant – plans and advises businesses to solve organizational issues, create value, maximize growth and improve business performance. 

7. Strategy Manager – reviews aspects of the organization to determine strengths, weaknesses, operational effectiveness, and improvement opportunities.

8. Product Manager – defines strategy, connects design knowledge, and customer needs to develop feasible and valuable products.   

9. Commercial Manager – takes responsibility for budget, sourcing services and resources and managing costs involved in different projects.  

MBA Finance graduates are employed in companies across finance, software, hospitality, banking, retail, media and many other industries and government departments. 

Conclusion 

International students with graduation in different fields can opt for an MBA program in Finance in Australia. The program focuses on finance from the management perspective. However, some other finance programs touch upon similar topics and develop similar skills where the approach to finance is different. Students should choose the right program for themselves to study abroad with the help of expert advisors at Canam. Visit the nearest office or connect virtually .

Also read: How to Plan Your Australian Education

FAQ

The fee for the program ranges from AUD 33,000 to AUD 52,000 (approximately) per year.
MBA Finance graduates can fill the roles of business managers, analysts, strategists and advisors in companies across industries and in government departments.   
To pursue an MBA in Finance in Australia, students must have a valid GMAT score. They must contact their study abroad consultant to know the eligibility criteria of each university and college in Australia.  
The minimum score requirements are:

1. IELTS – 6.5 (with no band less than 6)
2. TOEFL – 80 (With at least 18 in listening, 18 in reading, 20 in writing, 20 in speaking)
3. PTE – 58 (with no score less than 50)

Yes, university and external scholarships are available for students to study MBA in Australia. Some universities and colleges consider every new international applicant for scholarships while some require students to apply to the scholarships within a stipulated time-frame. Applicants must get in touch with their study abroad consultant to check the procedures of scholarships at each university before applying.   

Get great articles direct to your inbox

The latest news, articles, and resources, sent straight to your inbox every month.

World class education waiting for you.

Events, webinar, college / university visits and more.

Popular university and colleges for Studying abroad.

Popular English Language Proficiency Exams

Curated content to keep you updated on the latest education trends, news and more.

A little effort to provide an authentic and reliable content for keen readers!!