Faculty of Business and Economics Postgraduate Courses in Banking and Finance 2014

Banking and Finance

Master of Applied Finance Master of Banking and Finance

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www.monash.edu/business-economics

Monash is ranked in the top 1% of world universities* , and is ranked 18th in the world for Accounting ** and Finance.
* The Times Higher Education, World University Rankings, 2012-2013 ** QS World University Rankings by Subject, 2013

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A world-class reputation

Monash University has an enviable reputation for teaching and research excellence across business disciplines. This reputation is built on our innovative and progressive approach to course delivery, and the strong links we have forged with commerce and industry both in Australia and overseas making Monash degrees truly international. Monash creates leaders who adapt and thrive in a rapidly changing business world. We are consistently ranked among the leading universities in the world, and our degrees are globally recognised, giving our graduates an extra edge to help them succeed in the international job market.

An internationally-recognised business education

The Faculty of Business and Economics has been awarded international business school accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the Brussels based European Quality Improvement System (EQUIS), and the Association of MBAs. Monash University is the first Group of Eight university to have achieved the esteemed triple crown business school accreditations by AACSB, EQUIS and AMBA. These globally-recognised accreditations place the university in the elite ranks of less than one per cent of business schools worldwide with triple crown accreditation. These accreditations establish the faculty as one of the worlds leading higher education institutions in business education. Further details on our accreditations can be found at: www.monash.edu/business-economics

A degree that will take you places

The Faculty of Business and Economics offers an extensive choice of graduate business programs for students of varying backgrounds and aspirations. Whether you want to get ahead in your career, develop your expertise, or move into research and gain a PhD, Monashs business programs can give you a distinct advantage. Whats more, the range of full-time and part-time options means that its easy to structure your study around your lifestyle.

The rapid pace of change in todays business environment requires constant professional growth. Our business programs are designed to ensure that you are at the leading edge of your chosen field of endeavour.
Professor Colm Kearney Dean, Faculty of Business and Economics

The vision of the Faculty of Business and Economics is to be recognised as one of the worlds leading academies of scholarship in business, economics, and related disciplines, with the standing of our flagship activities verified by the most esteemed international arbiters of quality.

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Master of Applied Finance

The Master of Applied Finance is a practical degree which focuses on the financial services sector, giving graduates the skills to analyse, evaluate and make financial decisions. In this degree you will develop advanced technical skills in quantitative and qualitative finance. The course is designed for early career professionals who have a background in finance and want to advance their skills and knowledge in financial services. This degree uses contemporary examples and teaching methods, such as Monash Universitys Accounting and Finance Simulated Teaching and Research Laboratory (STARLab), to equip you with the practical skills you need to excel in the finance industry.

Extend your technical finance skills

Course code CRICOS code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units Entry requirements

3818 065011D 1 year full time, 2 years part time Semester 1, Semester 2 On campus (Caulfield) Graduate Certificate in Business (24 points) Domestic: $24,700 International: $35,200 48 8 (6 core units, 2 units from a prescribed list) An Australian bachelor degree with a major in finance or an equivalent qualification. Applicants will be ranked accordingly based on their entire academic record, and a 65% average is preferred with due consideration given to relevant employment experience.

Day and evening classes

Learn from industry professionals

Core units
> Advanced security analysis > Global financial markets > Corporate treasury management > Funds management > Case studies in finance > Financial econometrics Plus two units from the following list (or any other graduate level finance-related unit, subject to the approval of the course director): > Global banking institutions and issues > Financial statement analysis and business valuation > Money market dealing > Institutional asset and liability management > Credit risk modelling > Advanced financial planning > Mergers and acquisitions > Financial planning > Options, futures and risk management > International study program in banking and finance > Applied financial econometrics > Business forecasting For more information on units go to: www.monash.edu/study

Course benefits
> The Master of Applied Finance is an industry-focused degree that offers flexible learning options such as day and evening classes, to help you balance work and study commitments. > The course has a wide range of elective options, so you can design a program that suits your interests and allows you to move into specific areas in finance and business. > The course includes units taught by industry professionals, who draw on contemporary practice, to ensure your studies focus on current concepts and issues that are happening in the world today. > This degree can be combined with other masters degrees, enabling you to graduate with two masters degrees. Double degrees available include the Master of Applied Finance/ Master of Applied Econometrics and Master of Applied Finance/ Master of Business (Accounting).

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As you naturally progress within a career, I thought it would be sensible to continue to advance my formal education. Therefore a Masters degree was a logical step. The Master of Applied Finance course stood out to be best suited to my career aspirations, because it offered direct subjects from a banking context; including lending, credit risk and treasury management. I was also able to select subjects, which meant I could specialise in particular areas and gain specific skills.

Matthew Green

Manager Risk and Regulation Deloitte UK

Career outcomes
The Master of Applied Finance gives you the skills to work across the financial sector in many roles. Graduates of this course move into careers as analysts, brokers, merchant bankers, dealers in many large financial institutions and consultancy firms.

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Master of Banking and Finance

The Master of Banking and Finance is a contemporary degree for students who want to develop their knowledge and skills in banking and finance. As well as developing sound financial skills, this degree will help develop your managerial and decision-making skills, giving you the expertise to work in domestic and international finance markets. The course is designed for early career finance professionals and those who dont have a strong background in finance, and would like to pursue opportunities in the financial services sector. The degree focuses on the areas of capital markets, derivative products, portfolio management, business finance and financial management.

Course code CRICOS code Duration Intake Campus Exit points 2014 fee (A$) Credit points Number of units Entry requirements Students with a non-business related undergraduate degree Number of units: 16 Core units > Introductory accounting > Law and business decisions > Economics > Quantitative methods Specialisation 7 mastery units Electives 5 electives from a prescribed list Specialisation 7 mastery units Electives

4435 079580M 2 years full time, 4 years part time Semester 1, Semester 2 On campus (Caulfield) Graduate Certificate in Business (24 points) Graduate Diploma in Business (48 points) Domestic: $24,700 International: $35,200 96 16 An Australian bachelor degree or equivalent, and achieved a Weighted Average Mark (WAM) of 60% or an equivalent GPA as determined by the Faculty. Applicants will be ranked and selected based on their entire academic record. Students who have completed an Honours degree in a non-business discipline Number of units: 12 Core units > Introductory accounting > Law and business decisions > Economics > Quantitative methods Specialisation 7 mastery units Electives 1 elective from a prescribed list Specialisation 7 mastery units Electives 1 elective from a prescribed list Students who have completed an Honours degree with a major in business Number of units: 8 Core units Due to previous studies, these students are not required to complete the core units

Students who have completed an undergraduate degree with a major in business Number of units: 12 Core units Due to previous studies, these students are not required to complete the core units

5 electives from a prescribed list

Specialisation mastery units

> Options, futures and risk management > Financial management > Australian capital markets > Portfolio management and theory > International finance > Money market dealing or Institutional asset and liability management > Case studies and research in banking and finance

Electives
Choose from the following list (or any other graduate level finance-related unit, subject to the approval of the course director): > Climate change and emissions trading > Introduction to risk principles > Financial planning > Bank lending > Financial accounting > Management accounting > Risk financing and treasury management > Case studies in risk management > Principles of risk transfer > Credit risk modelling > Global banking institutions and issues > Financial statement analysis and business valuation > Money market dealing > Funds management > Advanced financial planning > International studies in banking and finance For more information on electives go to: www.monash.edu/study

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Banking and finance has always fascinated me, new rules and regulations, takeovers, mergers and management changes, the process through which savings are channelled into productive activities, all these activities always intrigued me. So it was a natural next step to build on my undergraduate studies with a Masters degree. Undertaking a masters degree really tests you and prepares you to be able to put yourself in any situation and come out with success. I believe that my degree has provided me with the skills to see the big picture.

Saumya Sharma

Operational Risk & Compliance Manager ANZ Bank

Course benefits
The Master of Banking and Finance is an industry-focused degree that offers flexible learning options such as day and evening classes, to help you balance work and study commitments. The course offers a wide range of elective options, so you can design a program that suits your interests and allows you to move into specific areas in banking, finance and business. This degree may satisfy the educational components for enrolment in the CFA Program.

Career outcomes
The strong reputation of our Master of Banking and Finance program means that graduates are sought after by banks, insurance companies and other financial institutions, financial consultancy firms, large corporations both in Australia and overseas, and by government regulatory bodies.

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Postgraduate study options

The Faculty of Business and Economics has one of the most extensive postgraduate offerings in the country, giving you more degree choices, and the opportunity to tailor your studies to your specific career goals. Certificate and diploma
Graduate Certificate in Business is a four-unit course that may be undertaken as a stand-alone award or as a pathway to a graduate diploma or masters degree. It is designed to give you an introduction to a variety of business disciplines, however you can tailor the unit selection to your specific area of interest. Students who successfully complete the certificate may be eligible for admission into a masters degree. Graduate Diploma in Business is an eight-unit course, designed for students who wish to extend their knowledge in general business principles. This is a flexible program that allows you to take a number of broad business units, or a sequence of units relating to a specific discipline.

Coursework programs
Most of our coursework degrees comprise 12 units. Full-time students normally undertake four units per semester and part-time students normally undertake two units per semester. In some courses, you are able to exit your masters degree early with a graduate certificate (four units) or a graduate diploma (eights units). In some disciplines, you are eligible to enrol in a graduate or postgraduate diploma and, after completion of eight units, articulate into a relevant masters degree. Many of our coursework programs also offer a research stream, which serves as a prerequisite for undertaking a PhD. For more information on our postgraduate programs go to www.monash.edu/study

Research degrees (Masters Research and PhD)

The Faculty of Business and Economics has developed a strong reputation for excellence in research across a diverse range of business interests. Our research has the scale, capability and business links to influence national agendas and shape business and professional practice. We strive to provide an excellent environment for the personal and intellectual development of our postgraduate research students, who make a significant contribution to the research effort of the faculty. Our research degrees include a Master of Philosophy and Doctor of Philosophy. We also offer: > A Postgraduate Diploma in Economics and Commerce, which provides a fourth year of study, equivalent to an honours year, for students wishing to undertake a higher degree by research but do not have the research background required to meet the admission criteria. > A Master of Business (Honours), which provides a pathway for high achieving accounting, banking and finance coursework masters students to articulate into the universitys higher degrees by research program. If you are considering undertaking a research degree, please contact our Faculty Research Office on (613) 9905 2483 or email buseco-research.degrees@monash.edu You can also find more information on research in the faculty and how to apply to undertake a research degree at: www.monash.edu/business-economics/research The Faculty of Business and Economics offers a variety of pathway programs to assist students who dont meet course entry requirements. For more information on course eligibility and entry requirements, please contact our student services team on (613) 9903 1400 or (613) 1300 784 990, or email enquiries.caulfield@monash.edu

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Courses offered by the Faculty

Accounting
Graduate Diploma in Accounting Master of Professional Accounting Master of Professional Accounting (Advanced) Master of Business (Accounting)

Business

Graduate Certificate in Business Graduate Diploma in Business Master of Business Master of Business Law Master of Business (Science and Technology)

Banking and Finance

Master of Applied Finance Master of Banking and Finance

Economics and Econometrics

Graduate Diploma in Applied Econometrics Master of Applied Econometrics Graduate Diploma in Economic Studies Master of Economics Master of Business Economics Graduate Certificate in Pharmacoeconomics Graduate Diploma in Health Economics and Policy

Marketing

Master of Advanced Marketing Master of Marketing

Management

Graduate Diploma in Human Resource Management Master of Human Resource Management Master of Management

Policy and Trade

Master of Public Policy and Management Master of Diplomacy and Trade

International Business
Master of International Business

Business Administration
Monash MBA Monash Executive MBA

Double masters degrees

Master of Applied Finance/ Master of Applied Econometrics Master of Applied Finance/ Master of Business (Accounting) Master of Business/ Master of Professional Accounting Master of International Business/Master of European and International Studies Master of Journalism/ Master of Business Master of Professional Accounting/ Master of Business Law Master of Business (Accounting)/Master of Business Law

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Information for prospective students

Student development
The Faculty of Business and Economics offers a range of student development activities to enhance your academic studies, develop your skills and transform your career path. These include: > Orientation for postgraduate students > Academic Development and Enhancement Program for Tertiary Studies (ADEPT) workshops > Personal and professional development programs > Postgraduate PAL (Peers, Ambassadors and Leaders) program > Mentoring programs > Career readiness programs For more information on our extracurricular programs and to get involved, visit: www.monash.edu/business-economics

Higher Education Loan Program (HELP)

Loans have been introduced under the Higher Education Loan Program (HELP), which incorporate previous loan schemes including the Higher Education Contribution Scheme (HECS), the Postgraduate Education Loan Scheme (PELS) and the Bridging for Overseas Trained Professionals Loan Scheme (BOTPLS). The HELP scheme provides an interest-free, income contingent loan facility for eligible students enrolled in: accredited undergraduate and postgraduate award programs including higher degrees by research; bridging courses for overseas trained professionals to enable them to meet the entry requirements for their profession in Australia; and courses to enable students to meet the requirements for entry into an awards program. For further information visit: www.goingtouni.gov.au

For more information on credit and exemptions for previous postgraduate study, please email enquiries.Caulfield@monash.edu or phone (613) 9903 1400.

English language proficiency

Monash University has minimum English entry requirements for all students, to ensure that all applicants for degrees have the English skills to perform well in their studies. Applicants can meet the English language proficiency requirements if > You have achieved a satisfactory level of performance in an English subject at Year 12 or equivalent level. This means a study score of at least 25 in units 3 and 4 in any VCE English subject. All other students should visit: www.monash.edu.au/international for entry requirements details. > You have studied in an institution where English is the language of instruction and assessment for the entire institution and have satisfactorily completed the equivalent of one and a half years full-time (three standard full-time semesters) of either a university undergraduate award program, or a program that has been assessed as being taught at an equivalent level to Monash University undergraduate study Alternatively, you have studied in an institution where English is the language of instruction and assessment for the entire institution and have satisfactorily completed the equivalent of one full-time year (two standard full-time semesters) of postgraduate study. Documentary evidence in the form of a letter or transcript is required from the institution at which the study was undertaken. > You have undertaken an English language proficiency test within two years prior to your study commencement date and have achieved the following results: IELTS minimum test score of 6.5 with no individual band score less than 6.0. TOEFL minimum test score of 550 with a Test of Written English score of at least 4.5. Internet based TOEFL overall 79, Writing: 21, Listening: 12, Reading: 13, Speaking 18. Cambridge English Certificate in Advanced English (CAE) Minimum test score required: A grade of A Cambridge Certificate of Proficiency in EnglishMinimum test score required: A grade of C You have successfully completed the Monash University English Language Bridging Program, or equivalent programs, at the appropriate level. For further information about English language requirements at Monash University visit: www.adm.monash.edu.au/admissions/ postgrad/pg-english-requirements.html

Off campus programs

Off campus learning is a flexible mode of study based on independent learning materials and learning support systems that allow students to study with little or minimum attendance at a university campus. Some of our postgraduate courses are offered in off-campus mode to help you balance your study goals with other commitments. To find out more about our off-campus courses and application procedures please email: enquiries.Caulfield@monash.edu

Fees
To study at Monash University you must pay tuition fees to the university. Tuition fees vary for different courses. Indication tuition fees are detailed in the course tables of this guide. However, please check Monash course finder www.monash.edu/study/coursefinder and www.monash.edu/fees Postgraduate coursework programs are full-fee places. The tuition fees quoted are for 48 credit points unless otherwise stated in the course tables and only applicable to a course commencing in the year stated in the table. Tuition fees for course commencement in coming years will be different. Monash University reserves the right to adjust annual tuition fees for future years of your course. However, Monash University undertakes that any adjustment factor for those continuing students will not exceed six per cent per annum. Any adjustment will be applied on the first day of January each year for teaching periods within the census date thereafter.

Postgraduate scholarships and awards

Monash University offers a wide range of postgraduate scholarships to help you pursue postgraduate study. Scholarships are available for coursework and research degrees. For more information visit: www.monash.edu/study/scholarships

International Student Visas

International students should visit: www.monash.edu.au/international which contains important information regarding how to apply as an international student, Australian Government requirements and conditions for study in Australia, living costs, course fees, health insurance, working while you study, work rights for your husband or wife and schooling for your children. Further information about visa applications can be obtained from: www.liveinaustralia.com/student-visa and www.immi.gov.au/students

Credit (advanced standing) for previous study

Credits/exemptions may be considered for previous tertiary-level study or postsecondary study (including TAFE and Open Universities Australia) in Australia or overseas. Applications for credits/ exemptions must clearly indicate units for which advanced standing is requested and must be accompanied by a legally certified copy of your academic transcript and unit syllabus, usually from the course handbook. Each application is assessed on a case-by-case basis. It is essential that units submitted for credit/ exemption fit the philosophy and principles of this course of study. Units studied more than 10 years ago will not be considered for credit/exemption.

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Apply Now
Application closing dates
Entry in Semester 1 31 January 2014 Entry in Semester 2 30 June 2014 Semester Dates 2014 Semester 1 3 March - 30 May Semester 2 28 July - 24 October

To apply go to: www.monash.edu/study

Further information
Postgraduate Student Services Office Faculty of Business and Economics
Monash University Building N, Level 4 27 Sir John Monash Drive Caulfield East, Victoria 3145, Australia Telephone: 61 3 9903 1400 or 61 3 1300 784 990 Email: enquiries.caulfield@monash.edu www.monash.edu/business-economics

Contacts for international students International Recruitment Services

Monash University 871 Dandenong Road Caulfield East 3145, Australia Telephone: 61 3 9627 4852 Email: study@monash.edu www.monash.edu/study/international Special note about the Gippsland campus Monash University and the University of Ballarat are exploring a proposition to create an expanded, regionally-focused university. Should the proposition be approved, the campus is expected to offer a range of courses that bring together the strengths of both Monash University and the University of Ballarat from 1 January 2014. If the proposition is approved, new students will be admitted into a full range of expanded courses of the proposed new university and Monash University will not be admitting new students (except from agreed pathways) into courses at the Gippsland campus. As course offerings may change, please visit www.monash.edu to ensure you have the latest information on what courses will be available. Australian Qualifications Framework (AQF) From 2015, Monash University postgraduate courses will align with the AQF, an initiative that ensures Australian qualifications are nationally consistent and internationally comparable. This may result in some changes to course structure.

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CRICOS provider: Monash University 00008C Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check the Monash University website for updates (www.monash.edu.au). All information reflects prescriptions, policy and practice in force at time of publication. Published July 2013.