Master of Finance

Be exposed to the latest finance thinking and research, and gain advanced analytical and technical skills for a successful business career.

  • Overview
  • Program structure
  • Entry requirements
  • How to apply
  • Student experience
  • How do I?

Why choose this master’s degree?

  • A specialist degree designed for graduates with a major in Finance
  • Challenging program taught by industry leading academics and researchers, developed in close consultation with the finance sector
  • Gain a competitive advantage in your financial career, with the latest theories and practical techniques
  • Acquire advanced level finance knowledge
  • Choose to specialise in an area based on your professional development needs and career path
  • Eligibility for Associate membership with the Financial Services Institute of Australasia (FINSIA) 
  • Provides sufficient knowledge to enable you to sit for the CFA exams.

Who is this degree for?

  • Graduates with an bachelor degree majoring in finance
  • Professionals seeking to increase their finance knowledge with an advanced finance degree

Job and career prospects

The degree will open up many career opportunities including:

  • Banking professionals
  • Corporate treasury
  • Financial advisors
  • Financial brokers
  • Funds management
  • International finance
  • Investment banking

The Master of Finance is a 1 year degree program consisting of 8 courses (48 UOC); 4 core advanced finance courses, plus 4 elective courses.

Core courses

MFIN6201 Empirical Techniques and Applications in Finance

Reviews probability and statistical techniques commonly used in quantitative finance. Topics include common univariate and multivariate continuous distributions, parametric and non-parametric estimation techniques. Advanced topics include: unobserved components and their applications to non-Markov processes, estimation techniques based on Expectation Maximising Algorithm. Applications of these tools include rational stochastic asset price bubble and the measurement of financial market risk premia. Introduced to appropriate software for such exercises.

Course outline
MFIN6205 Financial Risk Management for Financial Institutions

This course is an advanced course in the management of financial service firms and the development of risk management systems. It will deal with advanced methods of measuring financial risk within financial institutions such as value at risk and other models. Methodologies for dealing with these risks will also be investigated, including regulatory controls, capital management, risk rating of loans, securitisation and methods of dealing with credit products.

Course outline
MFIN6210 Empirical Studies in Finance

The course provides a concise synthesis of the recent available literature on empirical studies in corporate finance within a logical, analytical structure. Material covered includes agency theory, initial public offers, venture capital, capital structure, corporate takeovers, and other forms of corporate restructuring and governance. Special attention will be given to selected topics in group and lab work.

Course outline
MFIN6214 Financial Theory and Policy

Gives an advanced treatment of the main theoretical foundations of finance, including investment decision making, utility theory, portfolio theory, asset pricing and option pricing theory, real options, capital market efficiency, agency theory, cost of capital and capital structure, dividend policy and corporate governance. Special treatment is given to unsolved problems or anomalies in finance. Provides a treatment of the main developments in finance theory over the past 40 years, and provides the theoretical foundations for subsequent finance study within the Master of Finance degree.

Course outline

Elective courses

Choose four from any of the following streams:

  • Corporate Finance
  • Finance (General)
  • Funds Management
  • International Finance
  • Investment Banking

To be eligible for the program, you must have:

The UNSW English Language requirements also apply to this program.

Applicants who do not meet all of the entry criteria need not apply.

Recognition of Prior Learning 

If you've successfully completed the CFA program (from Australia), you may be granted one course exemption.

Students who are not graduates of Australian or NZ universities

For students who have studied at overseas universities, the normal minimum academic requirement is the equivalent of a credit average grade (65%) from an Australian university, as determined by the UNSW Postgraduate Coursework Entry Calculator. Details on assessment will be determined by your grading system so it is important that this is attached with your transcript when you apply.

Note: For applicants from non-211 China universities for UNSW Business School Postgraduate Coursework programs, 88 cut off is equivalent to an 85% Australian scaled average using the calculator.

We will use the National Office of Overseas Skills Recognition (AEI-NOOSR). They are the government body that provides official information on the comparability of overseas qualifications with Australian qualifications using the Australian Qualifications Framework (AQF) as our benchmark.

In those countries where an equivalent grade has not been established, the following will be taken into consideration:

  • The standard and content of the undergraduate program completed, and
  • The standard of the institution from which the qualifications were obtained
  • Indian universities award different types of bachelor and master degrees, with different requirements in terms of length of study. At a minimum, applicants would be required to have a 3-year bachelor degree or professional bachelor degree.
  • Iranian universities award different types of bachelor degrees, with different requirements in terms of length of study. At a minimum, applicants would be required to have a 4-year bachelor degree.

You can apply for this program online:

There are two intakes per year:

  • Semester 1 (March) intake, apply by November 30
  • Semester 2 (July) intake, apply by May 30

Late applications may be accepted after the closing dates subject to the availability of places. Please note that whilst we endeavour to process applications as quickly as possible, due to time constraints it cannot be guaranteed that a late application will be processed in time for Semester commencement.

Find out more about applying for a postgraduate degree at UNSW.

We know you're busy balancing postgraduate study with your personal and other work commitments. So UNSW Australia Business School's dynamic learning spaces, facilities and student support helps you make the most of every day on campus.

Expand your professional network

Your postgraduate cohort is more than a valuable future business network – you'll make lifelong friends in class and at a range of social events. Join a student club – there are more than 180 social, cultural, sports and professional clubs to choose from. The Graduate Student Association is a great place to start.  Find out more

All the support you need to achieve

If it has been a while since you last studied, you may need to brush up on your skills. We'll help with study skills workshops and Career Mentoring programs. Our Meet the Executive series offers unique behind the scenes business insights and the Business School's LEAD Business Leadership program, as well as many other orientation, leadership and mentor programs, can open the door to new opportunities. Find out more

Stay active on campus

Exercise boosts your mental wellbeing and can help you deal with exam or assignment pressures. It's easy to stay fit with state of the art sporting facilities on campus, including a 50m indoor pool, fitness centre, squash courts and a range of competitive sports teams.

Everything you need in one place

The UNSW Kensington campus is like a village hub, with cafes, bars, banks, a post office, medical and dental centres as well as retail outlets. It's a short bus trip to Sydney's CBD, many beautiful beaches, the SCG and Centennial Park, and movie theatres at Fox Studios.

Make the most of every opportunity

Your postgraduate degree is a unique chance to get a new perspective on life. So get involved – as well as student clubs and social activities there are internships, volunteer projects, competitions and international exchanges on offer. It's a great way to further develop your leadership, project management or specialist skills.

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Quick facts for students

Program code
8406
Award
Masters Degree (Coursework)
Assumed Knowledge
Finance
Total Units of Credit (UOC)
48
Study Mode
Face to face
Duration
1 year full-time, 2 years part-time
Commencing semesters
Semester 1 - March
Semester 2 - July
Course fee*
$3,900
Program fee (total)*
$31,200
* Fees are indicative only
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