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Master’s in Finance in Australia: Top Universities, Eligibility, Courses & Fees

A Master’s in Finance in Australia is a postgraduate qualification designed for students seeking advanced knowledge in areas such as financial markets, investment management, corporate finance, financial analysis and risk management. The programme duration commonly ranges from around 1.5 to 2 years, depending on the university, previous academic background and course structure. Some universities offer accelerated one-year pathways to applicants with relevant prior study in finance, while students from other academic backgrounds may need to complete a longer programme. 

Why Study Master’s in Finance in Australia?

Pursuing a Master’s in Finance in Australia can be a strong option for students who want to build their career in the finance sector. Here are a few key reasons.

Here are a few key reasons.

  • Globally recognised education: Australia has several highly ranked universities, and its higher-education system is well established for international students.

  • Diverse specializations: Depending on the university, students may study areas such as investment management, financial markets, corporate finance, risk management, financial modelling and related fields.

  • Multicultural environment: Australia offers a multicultural study environment, student support services and qualifications valued by employers internationally.

  • Exposure to global finance: Australian programmes can provide an understanding of both Australian and international financial markets.

  • Industry-focused learning: Finance programmes can combine financial theory, quantitative techniques, financial markets and practical applications.

  • Career opportunities: Depending on their skills, experience and the specific role, graduates may pursue careers in areas such as financial analysis, investment analysis, funds management, financial advisory, risk management and corporate finance.

Top Finance Courses in Australia for International Students

Australia is one of the strongest destinations for finance. Though, the best course depends on your academic background and career goal. Here are some of the top courses available for international students.


Masters of Finance


Master of Financial Analysis or related financial-analysis programmes 


Master of Commerce-finance with a Finance specialisation 


Master of Banking and Finance


Finance-related master’s programme, depending on the university 

Cost of Studying MS in Finance in Australia for Indian Students

Here is an estimated breakdown of tuition and living cost for Indian students who are planning to study Master's in finance in Australia.

Key Highlights

  • Tuition fees: AUD 40,000–66,000 per year

  • Total tuition for a 1-year master's: AUD 40,000–66,000+

  • Total tuition for a 1.5–2-year programme: AUD 60,000–140,000+

  • Accommodation (shared/student housing): AUD 900-1,800

  • Food & Groceries:: AUD 400-700/ month

  • Public transport: AUD 100-250/ month

  • Utilities and internet: AUD 100-200/ month

  • Mobile phone: AUD 30-60/ month

  • Personal/ Leisure expenses: AUD 200-400/ month

Top Universities / Colleges for Master’s in Finance in Australia

University of Melbourne


UNSW Sydney


Monash University


University of Queensland


University of Sydney


University of Technology Sydney (UTS)


Scholarships to Study Master’s in Finance in Australia

International students pursuing a Master’s in Finance in Australia can explore several types of scholarships. Here are some of the popular scholarships available.

ScholarshipsBenefitsBasis of selection
Merit-based scholarships Partial tuition-fee reduction or, in some cases, larger awards Academic performance, usually based on previous qualifications
Government scholarships May cover tuition, living expenses, travel and other costs Academic merit, leadership, development goals and nationality
International student scholarships Partial tuition-fee discounts or grants International status, academic merit and university-specific criteria
Research scholarships May include a tuition-fee offset, living stipend and/or allowances Research potential and admission to an eligible research master’s or doctoral programme
University-specific scholarships Tuition-fee contribution, stipend or other financial support Depends on the university and programme
Regional scholarships and incentives May include tuition-fee discounts or other financial incentives Eligibility for the specific regional scholarship, university or campus
Country-specific scholarships Tuition or other financial assistance Citizenship or residency in an eligible country

Eligibility Criteria and Admission Requirements to Study Finance Master’s in Australia

Here's an overview of what Australian universities typically look for when admitting students into a Master's in Finance program. But, the requirements vary by university.

Eligibility Criteria and Admission Requirements

  • A relevant bachelor's degree: Applicants generally need a recognised bachelor’s degree or equivalent qualification. However, a finance-related bachelor’s degree is not always mandatory.

  • Minimum grade: Universities generally specify a minimum GPA, percentage or equivalent academic standard. For Indian students, universities assess the academic record according to their own country-specific equivalency and grading requirements.

  • Prerequisite subjects: A bachelor's degree in Finance, Accounting, Commerce, Economics, Business, Management or a related field may be suitable for many finance-related master's programmes. However, requirements vary.

  • English language requirements: International students generally need to demonstrate English-language proficiency for university admission. A common requirement for finance master’s programmes is around IELTS 6.5 overall, often with minimum component scores. Universities may also accept alternatives such as TOEFL iBT or PTE Academic, subject to their individual requirements.

  • GMAT or GRE: A GMAT/GRE score is not a universal requirement for a Master’s in Finance in Australia. Requirements depend on the university and programme. Therefore, students should check the requirements of each university rather than assuming that GMAT or GRE is required for all finance master’s courses.

  • Work Experience: Work experience is not mandatory for every Master’s in Finance programme. However, it may be required or considered for certain entry pathways, particularly accelerated or professionally oriented programmes.

  • Additional documents: International documents may asked to submit Academic transcripts and degree certificates, Proof of English-language proficiency, updated CV/resume (where required), Statement of purpose or other supporting statement (where required), GMAT/GRE score (if applicable), Evidence of relevant work experience (if applicable), Passport identification page and evidence of any prerequisite subjects or qualifications.

Job Prospects in Australia After Pursuing Master’s in Finance

A Master’s in Finance in Australia can prepare graduates for careers in the finance sector. But, the career outcomes depend on the student’s specialisation, prior experience, technical skills and professional certifications.

Job RolesResponsibilities
Financial Analyst Analysing financial data, company performance, investments and market trends
Financial Adviser Developing financial plans and providing personal financial advice, subject to Australian financial-services education, examination, licensing, authorisation and registration requirements
Risk Analyst Identifying, assessing and monitoring financial and operational risks
Investment Banking Analyst Supporting valuations, mergers and acquisitions and capital-market transactions
Finance Manager Managing financial planning, reporting, budgeting and investment decisions, generally after gaining relevant experience
Corporate Finance Analyst Supporting budgeting, financial modelling, valuations and business decisions
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