Masters in Finance in Australia: Top Universities, Eligibility, Fees, Placements, and Salary
Masters in Finance in AustraliaMasters in Finance in Australia is an internationally recognized, postgraduate degree with a length of 1-2 years. A Masters in Finance in Australia designed for students who wants to continue a career in corporate finance, investment banking, asset management, risk analysis and financial consulting.
Some of the most desirable Australian universities for applicants wishing to complete a Masters in Finance degree includes University of Melbourne, UNSW Sydney, Monash University, University of Queensland and Australian National University (ANU).
Tuition fees at the leading Australian universities for international students runs from about $22,000 - $45,000, during the year of study and the costs depends on the university, location, and program structure. The cost of living, is $12,000 - $18,000 and cover accommodation, food, health insurance, and transport.
Graduating students with a Masters in Finance in Australia can pursues careers in global financial firms, multinational corporations, consultancy, and investment firms. Beginning salaries for entry-level finance professionals ranges from $70,000 - $100,000 depending on job role, experience, and industry sectorald.
Masters in Finance in Australia: Course Highlights
The masters in finance in australia are a highly regarded postgraduate course which providing advanced financial skills, global exposure, and strong industry-specific skill to foster successful finance careers globally.
Particular | Details |
Course Name | Master of Finance |
Level | Postgraduate |
Duration | 1.5 to 2 years |
Course Type | Full-time |
Application Mode | Online via university portals or platforms like Study Link or directly on university websites |
Entrance Tests | IELTS/TOEFL (mandatory), GMAT or GRE (optional—depends on university) |
Annual Tuition Fees | Approximately USD 23,100 – 42,900 |
Living Expenses | Approximately USD 13,200 – USD 16,500 per year, depending on city and lifestyle |
Top Universities | • University of Melbourne • University of Sydney • University of New South Wales (UNSW) • Monash University • University of Queensland |
Popular Specializations | • Corporate Finance • Financial Technology (FinTech) • Investment Banking • Risk Management • Financial Analysis |
Top Recruiters | • Deloitte • KPMG • PwC • Ernst & Young (EY) • JP Morgan • Macquarie Group |
Masters in Finance in Australia – Important Dates and Events
Admissions for Masters in Finance in Australia follows multiple intakes. Students must tracking key dates like application deadlines, semester start, and visa timeline for hassle-free admissions.
Event | Timeline (2025–2026) |
Application Start (Feb 2025 Intake) | August – September 2025 |
Application Deadline (Feb Intake) | October – November 2025 |
Application Start (July 2026 Intake) | January – March 2026 |
Application Deadline (July Intake) | April – May 2026 |
Visa Application Start | 3–4 months before course commencement |
Application Start & End Dates for Top Universities
Masters in Finance in Australia in top Australian universities for finance release application timelines months in advance. Early applications ensure better chances of acceptance and adequate time for visa approval. Here is an tentative and timeline for application start and end dates.
University | Application Start | Application Deadline |
University of Melbourne | September 2025 | November 2025 |
UNSW Sydney | August 2025 | October 2025 |
Monash University | September 2025 | November 2025 |
Australian National University (ANU) | August 2025 | November 2025 |
University of Queensland (UQ) | September 2025 | November 2025 |
Visa Application Timeline
Visa approval is a crucial step for international students who wants to pursue Masters in Finance in Australia . The Subclass 500 visa process requires applying months before the semester starts to avoid last-minute delays.
Step | Tentative Timeline |
Obtain CoE (Confirmation of Enrolment) | After receiving university offer and paying initial fees |
Visa Application Submission | 3–4 months before course start date |
Visa Processing Time | 4–12 weeks (depends on case) |
Final Visa Grant | At least 1 month before semester start |
Masters in Finance in Australia Fees
The cost of pursuing a Masters in Finance in Australia includes tuition fees, living expenses, and other academic costs. Scholarships and financial aid options help reduce overall costs.
Expense Type | Average Annual Cost (USD) |
Tuition Fees | $22,000 – $45,000 |
Accommodation | $6,500 – $13,000 |
Food & Groceries | $2,600 – $4,500 |
Transport | $1,000 – $1,600 |
Health Insurance | $400 – $650 |
Miscellaneous | $1,300 – $2,000 |
Why Choose Masters in Finance in Australia?
A Masters in Finance in Australia offers global exposure, high employability, competitive salaries, and access to industry-focused training with top international financial institutions.
Benefit | Details |
Global Exposure | Study with international peers and faculty for a diverse learning experience. |
Career Opportunities | Access global roles in investment banking, corporate finance, and consulting. |
Networking | Participate in seminars, alumni events, and internships with top companies. |
Research & Practical Skills | Gain real-world knowledge through case studies and live financial projects. |
Check: MBA in Australia
Masters in Finance in Australia Qualifications
Masters in Finance in Australia applicants need a bachelor’s degree, English proficiency proof (IELTS/TOEFL), and strong academic performance to qualify for top finance universities in Australia.
Requirement | Details |
Academic Degree | Bachelor’s in finance, business, or related field (65–70% minimum). |
English Proficiency | IELTS 6.5–7.0 overall or TOEFL iBT 90–100. |
Work Experience | Optional but beneficial for competitive admissions. |
Additional Requirements | Statement of Purpose (SOP), Letters of Recommendation (LOR), and updated resume. |
Masters in Finance in Australia Eligibility Criteria
Eligibility for Masters in Finance in Australia depends on academic performance, English proficiency, and professional experience. Requirements vary for fresh graduates and experienced finance professionals.
Category | Eligibility Criteria |
Fresh Graduates | Bachelor’s degree in finance, commerce, or business with at least 65–70% marks. |
Experienced Professionals | Bachelor’s degree plus 1–3 years of relevant work experience preferred (may waive GMAT/GRE in some cases). |
English Proficiency | IELTS 6.5–7.0 overall or TOEFL iBT 90–100. |
Academic Background | Strong foundation in accounting, mathematics, and economics is highly recommended. |
Masters in Finance in Australia Application Process
Masters in Finance in Australia admission application process involves selecting universities, submitting online applications, preparing supporting documents, paying application fees, and tracking admission results for 2025–26 intakes.
Step | Process |
1 | Choose universities and check entry requirements. |
2 | Prepare documents: SOP, LOR, transcripts, resume, and test scores. |
3 | Apply online and pay the application fee. |
4 | Attend interviews (if required) and await offer letters. |
GMAT/GRE Requirements
While not mandatory for all universities, GMAT or GRE scores can strengthen applications, especially for highly ranked business schools in Australia.
University | GMAT/GRE Requirement |
University of Melbourne | GMAT 600+ preferred |
UNSW Sydney | GMAT/GRE optional but recommended |
Monash University | GMAT may be required for non-finance backgrounds |
ANU | GMAT/GRE optional |
UQ | GMAT/GRE considered but not compulsory |
SOP, LOR, and Resume
A strong SOP, LOR, and resume are essential for admission in Masters in Finance in Australia . These documents highlight academic strengths, leadership, and career aspirations.
Document | Key Requirement |
SOP (Statement of Purpose) | 1,000–1,500 words explaining career goals and reasons for choosing the program. |
LOR (Letter of Recommendation) | 2–3 letters from professors or employers. |
Resume | Updated resume showcasing academics, internships, and relevant projects. |
University-Specific Admission Steps
Each university has unique admission steps for Masters in Finance in Australia including online portals, interview rounds, and document verification before final offer letters are issued.
University | Admission Steps |
University of Melbourne | Online application, SOP, GMAT (if required), document upload, and offer letter. |
UNSW Sydney | Apply via UNSW portal, submit academic records and English scores. |
Monash University | Submit documents through Monash Connect portal, attend interview (if required). |
ANU | Upload documents, pay application fee, and receive conditional/unconditional offer. |
UQ | Apply via UQ Future Students portal and track updates online. |
Top Entrance Exams for Masters in Finance in Australia
To secure admission in Masters in Finance in Australia students may need to submit scores of exams like GMAT, GRE, IELTS, or TOEFL for eligibility.
Exam | Purpose | Minimum Score (Typical) |
GMAT | Tests analytical and quantitative skills | 600+ (varies by university) |
GRE | Alternative to GMAT for finance programs | 310–320 |
IELTS | English language proficiency test | 6.5–7.0 overall |
English proficiency alternative to IELTS | 90–100 |
GMAT Preparation Strategy
Effective GMAT preparation involves a structured plan including regular mock tests, concept revision, and focused practice in quantitative and verbal reasoning sections.
Strategy | Action Plan |
Study Duration | 3–4 months of preparation recommended |
Mock Tests | Take 1 test weekly to track progress |
Quantitative Skills | Focus on data sufficiency and problem-solving |
Verbal Skills | Improve reading comprehension and critical reasoning |
IELTS/TOEFL Tips
Achieving a high IELTS or TOEFL score requires consistent language practice, vocabulary building, mock tests, and familiarity with test formats and timing.
Tip | Action |
Practice Listening | Listen to English podcasts daily |
Writing Skills | Write essays within time limits |
Speaking | Practice with a partner or online tools |
Reading | Focus on skimming and scanning techniques |
GMAT Waiver Finance Programs
Some universities in Australia waive the GMAT requirement for applicants with strong academic records, relevant work experience, or exceptional undergraduate performance.
University | GMAT Waiver Criteria |
University of Melbourne | Waived for high GPA or relevant experience |
UNSW Sydney | Waiver for finance/business graduates with strong grades |
Monash University | Waived for applicants with 2+ years of experience |
University of Queensland | May waive for excellent academic history |
Masters in Finance in Australia Cutoff
Top Australian universities offering Masters in Finance have competitive cutoffs for GMAT, GRE, IELTS, and TOEFL. Meeting these benchmarks improves your admission chances significantly.
Exam | General Cutoff Range |
GMAT | 600 – 650+ |
GRE | 310 – 320 |
IELTS | 6.5 – 7.0 overall |
TOEFL iBT | 90 – 100 |
GMAT Cutoffs of Top Australian B-Schools
Leading business schools in Australia set GMAT cutoffs to evaluate a student’s quantitative, analytical, and problem-solving abilities for admission to finance programs.
University | GMAT Cutoff (Approx.) |
University of Melbourne | 650+ |
UNSW Sydney | 600 – 650 |
Monash University | 600+ |
University of Queensland | 600 – 630 |
Australian National University (ANU) | 600 – 620 |
IELTS/TOEFL Score Cutoffs
English proficiency is essential for international students. Top universities specify IELTS/TOEFL cutoffs to ensure students can handle academic requirements effectively.
University | IELTS Cutoff | TOEFL iBT Cutoff |
University of Melbourne | 7.0 overall | 94+ |
UNSW Sydney | 6.5 – 7.0 | 90 – 94 |
Monash University | 6.5 overall | 90+ |
University of Queensland | 6.5 – 7.0 | 90 – 94 |
ANU | 6.5 overall | 90+ |
Masters in Finance in Australia Syllabus
The Masters in Finance syllabus in Australia combines core finance modules with electives and specializations, ensuring students gain both theoretical knowledge and practical industry exposure.
Semester | Key Subjects |
Semester 1 | Corporate Finance, Financial Accounting, Quantitative Analysis |
Semester 2 | Investment Management, Risk Management, Financial Markets |
Semester 3 | Econometrics, Derivatives, Research Methods |
Semester 4 | Thesis/Capstone Project, Electives, Internships |
Core Courses
Core courses focus on foundational and advanced financial concepts, equipping students with critical skills needed for investment banking, risk analysis, and corporate finance roles.
Core Subject | Description |
Corporate Finance | Capital structure, cost of capital, and valuation techniques |
Financial Accounting | Principles of financial reporting and analysis |
Risk Management | Identifying and managing market and credit risks |
Investment Management | Portfolio theory and asset pricing models |
Electives & Specializations
Electives and specializations allow students to tailor their degree by focusing on advanced topics like fintech, global markets, or quantitative finance.
Specialization | Focus Area |
Fintech | Technology-driven financial services |
Quantitative Finance | Mathematical and statistical modeling |
Global Financial Markets | International investments and trade |
Corporate Treasury | Cash flow, liquidity, and capital planning |
Best Universities/Colleges for Masters in Finance in Australia
Australia is home to globally ranked universities offering top finance programs with cutting-edge curriculum, strong industry connections, and excellent research opportunities.
University/College | Highlight |
University of Melbourne | QS Top 40, renowned for finance research |
UNSW Sydney | AACSB accredited, strong employer reputation |
Monash University | Industry-aligned curriculum and internships |
ANU | Research-focused finance programs |
University of Queensland | High graduate employability rate |
Public Universities (QS Ranking + Seats)
Top public universities offering Masters in Finance are recognized for their quality education, strong alumni networks, and global QS rankings.
Public University | QS Global Ranking (2025) |
University of Melbourne | 14 |
University of Queensland | 43 |
Australian National University (ANU) | 30 |
University of Sydney | 18 |
University of Western Australia | 72 |
Note: Seats are limited and vary by intake.
Private B-Schools (QS Ranking + Seats)
Private business schools in Australia offer specialized finance programs with flexible learning options and strong connections to global financial hubs.
Private B-School | QS Global Ranking (2025) |
Macquarie Business School | 90th+ (business category) |
Melbourne Business School | Top 50 globally for MBA/finance |
Bond University Business School | Ranked for finance excellence |
Kaplan Business School | Emerging top finance programs |
Torrens University | Industry-focused finance curriculum |
Masters in Finance in Australia vs Masters in Finance in Other Countries
Choosing Australia over other countries like the USA or UK offers competitive tuition fees, globally ranked universities, and post-study work opportunities with strong industry links.
Feature | Australia | USA | UK |
Duration | 1–2 years | 2 years | 1 year |
Average Tuition (USD) | $22,000 – $45,000 | $40,000 – $60,000 | $35,000 – $55,000 |
Post-Study Work Visa | Up to 4 years | 1–3 years | 2 years |
Top Universities | Melbourne, UNSW | Harvard, MIT | LSE, Oxford |
Living Costs (USD) | $15,000 – $20,000 | $18,000 – $25,000 | $15,000 – $22,000 |
Masters in Finance in Australia Scholarships
Top universities in Australia offers scholarships for Masters in Finance to international students, reducing tuition cost and encouraging academic excellence and financial accessibility.
Scholarship | Offered By | Amount (USD) |
Melbourne Graduate Scholarship | University of Melbourne | $5,000 – $15,000 |
UNSW Business School Scholarship | UNSW Sydney | Up to $10,000 |
Monash International Scholarship | Monash University | $10,000 – $15,000 |
ANU Global Diversity Scholarship | ANU | $5,000 – $10,000 |
UQ International Excellence Scholarship | University of Queensland | 25% tuition waiver |
Scholarship Deadline for 2025
Scholarship deadlines vary by university, but most require applications to be submitted alongside the admission form for early consideration.
Scholarship | Deadline (2025 Intake) |
Melbourne Graduate Scholarship | October 2025 |
UNSW Business School Scholarship | September 2025 |
Monash International Scholarship | November 2025 |
ANU Global Diversity Scholarship | October 2025 |
UQ International Excellence Scholarship | November 2025 |
Career Scope After Masters in Finance in Australia
Graduates of Masters in Finance in Australia enjoy strong career prospects in global banking, consulting, financial planning, and entrepreneurship with lucrative salaries.
Career Path | Average Salary (USD/year) |
Investment Banker | $80,000 – $120,000 |
Financial Analyst | $70,000 – $90,000 |
Risk Manager | $85,000 – $110,000 |
Management Consultant | $90,000 – $120,000 |
Entrepreneur | Varies by venture success |
Management Consulting
Management consulting roles involve advising companies on strategy, financial planning, and operational efficiency, with graduates earning competitive packages in leading global firms.
Role | Average Salary (USD/year) |
Associate Consultant | $85,000 – $100,000 |
Senior Consultant | $100,000 – $130,000 |
Strategy Analyst | $80,000 – $110,000 |
Finance/Banking
Finance and banking careers include positions in investment banks, asset management, and corporate finance, with high demand for skilled finance graduates.
Role | Average Salary (USD/year) |
Investment Banker | $90,000 – $120,000 |
Portfolio Manager | $100,000 – $140,000 |
Financial Planner | $75,000 – $95,000 |
Entrepreneurship
Graduates with entrepreneurial ambitions benefit from Australia’s thriving startup ecosystem, financial hubs, and mentorship opportunities to launch their own ventures.
Focus Area | Support/Opportunities |
Fintech Startups | Access to accelerators and incubators |
Venture Capital | Strong funding ecosystem for startups |
Business Networks | Alumni and corporate mentorship |
Top Recruiters/Placement Companies
Graduates of Masters in Finance in Australia are recruited by top multinational banks, consulting firms, and financial institutions offering diverse roles with excellent career growth.
Company | Industry |
JP Morgan | Investment Banking |
Goldman Sachs | Asset Management & Finance |
Deloitte | Financial Consulting |
KPMG | Risk Advisory & Tax |
PwC | Financial Advisory |
Macquarie Group | Investment & Wealth Management |
ANZ Banking Group | Corporate Banking |
Masters in Finance in Australia Salary Package
The salary for finance graduates in Australia varies depending on the role, company, and experience. On average, finance professionals receive competitive salaries post-graduation.
Role | Average Salary (USD/year) |
Financial Analyst | $70,000 – $90,000 |
Risk Manager | $85,000 – $110,000 |
Investment Banker | $90,000 – $120,000 |
Corporate Finance Manager | $95,000 – $130,000 |
Average Salary in Australia
Finance graduates in Australia earn high salaries due to the country’s strong economy, global banking presence, and demand for financial expertise across industries.
Role | Average Salary (USD/year) |
Finance Graduate | $65,000 – $80,000 |
Senior Analyst | $90,000 – $120,000 |
Portfolio Manager | $100,000 – $140,000 |
Average Salary for Indian Students
Indian graduates of Masters in Finance in Australia enjoy competitive pay packages, especially when employed in leading Australian banks and multinational financial firms.
Role | Average Salary (USD/year) |
Entry-level Analyst | $65,000 – $75,000 |
Mid-level Finance Role | $80,000 – $100,000 |
Senior Finance Manager | $110,000 – $140,000 |
Frequently Asked Questions
Ques: What is the duration of a Masters in Finance in Australia?
Ans: The duration of a Masters in Finance in Australia is typically 1–2 years, depending on the university and whether the program is full-time or accelerated.
Ques: What is the average cost of studying Masters in Finance in Australia?
Ans: The total cost, including tuition and living expenses, ranges from $38,000 to $65,000 per year, depending on the university and city of residence.
Ques: Which exams are required for admission to Masters in Finance in Australia?
Ans: Most universities require IELTS or TOEFL for English proficiency. Some top business schools may also ask for GMAT or GRE scores.
Ques: What are the top universities for Masters in Finance in Australia?
Ans: Top universities include University of Melbourne, UNSW Sydney, Monash University, University of Queensland, and Australian National University (ANU).
Ques: What is the average salary after completing Masters in Finance in Australia?
Ans: Graduates earn an average salary of $70,000 – $120,000 per year, depending on their job profile, company, and previous experience.