Australia is a popular destination for international students looking to pursue a Masters in Finance. With its world-class universities, vibrant study culture, and innovative curriculum, Australia offers an excellent education experience. According to the QS World University Rankings by Subject 2024, 15 Australian universities are ranked among the top 150 universities in the world for Accounting and Finance.

Best Colleges in Australia for Masters in Finance

Here are some of the best colleges in Australia for Masters in Finance degree:

University of New South Wales (UNSW)

Ranked #20 globally for Accounting and Finance, UNSW offers a Master of Finance program that is developed in close consultation with the finance sector. The program exposes students to the latest thinking and research in finance, taught by industry-leading academics.

University of Melbourne

Ranked #21 globally, the University of Melbourne offers an 18-month Master of Management (Finance) program. The curriculum covers fundamental principles of finance applicable to valuing financial securities, derivatives, risk management, and portfolio creation.

University of Sydney

Ranked #24 globally, the University of Sydney offers a Master of Commerce (Finance) program. The program provides in-depth knowledge of finance principles and applications.

Australian National University (ANU)

Ranked #41 globally, ANU offers a Master of Finance program that develops quantitative and analytical skills for careers in the finance industry.

University of Queensland

Ranked #53 globally, the University of Queensland offers a Master of Commerce (Applied Finance) program. The program covers corporate finance, investment management, and financial risk management.

Why Study Masters in Finance in Australia?

There are several reasons why Australia is an excellent choice for pursuing a Masters in Finance:

  1. Top-ranked universities: As mentioned earlier, Australia is home to many top-ranked universities for Accounting and Finance.
  2. Innovative curriculum: Australian universities offer a cutting-edge curriculum that combines theoretical knowledge with practical applications, preparing students for successful careers in the finance industry.
  3. Experienced faculty: Courses are taught by industry-leading academics and researchers who bring their expertise and real-world experience into the classroom.
  4. Vibrant study culture: Australia offers a vibrant and diverse study environment, with opportunities to engage in extracurricular activities and network with peers from around the world.
  5. Post-study work opportunities: International students who complete their Masters in Finance from best colleges in Australia for Masters in Finance are eligible for a Temporary Graduate visa (subclass 485), allowing them to work in Australia for up to 18 months after graduation.

Eligibility Criteria and Admission Process

Eligibility Criteria:

To be eligible for best colleges in Australia for Masters in Finance, applicants must meet the following requirements:

  1. Bachelor's Degree: A bachelor's degree in a relevant field such as finance, economics, accounting, or commerce with a minimum GPA of 65-75% is typically required.
  2. English Language Proficiency: International students need to meet the English language requirements, which usually involve submitting IELTS scores of 6.5-7.0 or equivalent.
  3. GRE/GMAT Scores: While not mandatory at all universities, some may require GRE or GMAT scores, especially for applicants who do not meet the minimum GPA requirement.
  4. Work Experience: Relevant work experience in the finance industry is generally optional but can give applicants an advantage in the admission process.
  5. Prerequisite Courses: Some universities may require applicants to have completed specific prerequisite courses in finance, accounting, or economics during their undergraduate studies.

Admission Process:

The admission process for best colleges in Australia for Masters in Finance typically involves the following steps:

  1. Application Submission: Applicants need to submit an online application form along with the required documents.
  2. Academic Transcripts: Provide official academic transcripts from all previously attended universities.
  3. English Proficiency Test Scores: Submit valid IELTS, TOEFL, or other accepted English language test scores.
  4. GRE/GMAT Scores: If required by the university, submit valid GRE or GMAT test scores.
  5. Letters of Recommendation: Arrange for 1-2 letters of recommendation from professors or employers.
  6. Statement of Purpose: Write a statement of purpose outlining your academic and professional goals, and how the Masters in Finance program will help you achieve them.
  7. Application Fee: Pay the application fee, which typically ranges from AUD 50 to AUD 100.
  8. Visa Application: After receiving the offer letter, international students need to apply for an Australian student visa.

Program Duration, Tuition Fees, and Salary

The duration of a Masters in Finance program in Australia varies from 18 months to 2 years, depending on the university and program structure.

Tuition fees for a Masters in Finance in Australia range from AUD 34,000 to AUD 73,000 (approximately INR 19 lakhs to INR 40 lakhs).

After completing their Masters in Finance, graduates can expect to earn an average salary of AUD 81,000 per year (approximately INR 44 lakhs).But, salaries can vary depending on the specific job role, industry, and location.

GMAT Requirements

While a GMAT score is not always required for admission to a best colleges in Australia for Masters in Finance in Australia, some universities may consider it as part of the application process, especially for applicants who do not meet the minimum GPA requirement.

Conclusion

Australia offers an excellent opportunity for international students to pursue a Masters in Finance degree from best colleges in Australia for Masters in Finance. With its innovative curriculum, experienced faculty, vibrant study culture, and post-study work opportunities, Australia provides a well-rounded education experience that prepares students for successful careers in the finance industry.