Masters in Finance in Australia
There are many courses currently being offered by top universities and colleges all around the world, but postgraduate courses are the ones which are considered by a student looking to make a successful career. Where bachelor’s courses focus on student’s education in the basics of the subject, post-graduate or master’s programs are created to teach students advanced theory with a large focus on its practical applications.
In order to have a great career in the future students must make sure that the course that they choose for their masters is necessary and relevant with respect to the current business environment. One such course whose field of study has remained a constant in any company or business is Finance. Masters of Finance is a course of study which is focused on one of the key sub-section of business, alongside Accounts and Business Administration.
A post-graduate course gets most of its credibility from the college or university offering it. Choosing the right institute to get their course done from will help boost their employability along with helping them gain the highest grade of education that they deserve. Australia has come up to be one of the countries which are house to some of the top institutes in the world for Masters in Finance in Australia. In the following, we would look into the benefits of studying in Australia and how one can go about applying for it.
What is Masters in Finance?
Finance has remained a field of study integral to any business ever since the first form of currency came into existence. In its simplest form the professionals of this field study flow of money in and out of an entity. The movement of money is the inflow and expenditure that takes place and the entities involved can be as small as an individual or family and as large as corporates and governments. Finance deals with monitoring, analyses, and advisement of an organizations cash flow and makes suggestions which help them make beneficial decisions which helps them see profits.
The field is divided into three sub-section based on the size of the entity; personal finance, corporate finance, and public (government) finance. Personal finance deals with an individual or family’s finances. The professional will be required to evaluate the income and expenditure and make suggestions to help save more. Also, they will help them in making decisions with respect to things like investments, credit, banking, and retirement plans.
Corporate finance deals with things at a larger scale. The professional will be required to monitor larger amounts of money and assets. They will be tasked with helping make transactions, secure investments and help the company make smart investments themselves. Government or public finance is focused on financial aspects that are related to the local government. This may involve things like audits and taxes. Each one of these fields has important applications. The undergraduate programs are taught to cover all aspects of the field. The Master’s programs are focused on studying more technical aspects of the course and may also have the option to specialize in one topic.
Benefits of Studying Masters in Finance in Australia
There are many countries out there which are known for having some of the best universities in the world. They have been a safe haven for many international students from all over the world. Australia has been on the top of that list for many years now and shows no sign of budging. Following are some of the benefits of pursuing education from Australia
A higher degree of education
Along with being famous for the Great Barrier Reef and the many beaches that adorn the island nation, the country has been known for having some of the oldest universities in the world. Some of these universities were established during the colonial period and are still standing at the forefront of research and education. Australian Universities have an education system which has been in the development phase since the beginning of the 1900s and has developed into a very strong structure.
Great job opportunities
As one of the developed and advanced nations in the world, the country has become a blooming ground for many multi-national corporations and start-ups. This means there are or jobs than bodies to fill it. In order to fill this gap, Australia has eased its laws regarding international students looking for work. There are many opportunities in Australia all of which are now available to international students.
Australia has been home to an immigrant from all over the world for many years now. On top of this, international students have been traveling to the country to get an education and choose to settle down. The campus environment is very diverse a student from more than 40 countries travel here. Students planning to leave home to come here feel right at home.
The one thing that is considered while companies hire employs, other than academic prowess, is one’s experiences and the amount of exposure they have had along the years. This exposure gives employers an idea about the different situations that the students have been into, making them more prepared to face obstacles. Travel to a foreign nation and pursuing an education while tending to yourself helps students gain large amounts of valuable exposure.
In order to make it easier for international students the country has many organizations in place which provide numerous options in order to provide the students with options to procure financial support. Other than these organizations, many of the universities in the country have their own scholarships which they provide to academically gifted students.
Student Visa Policy
Once you have decided to attend school in Australia, the next step is to procure the necessary documentation which will allow you to visit the foreign nation in order to pursue an education. Once a college sends you the acceptance letter you can apply for a visa. you must meet the following criteria
Genuine Temporary Entrant (GTE) :
The GTE functions is generally in the form of a letter or essay. The purpose of the letter is to demonstrate to the government the necessity for you to visit Australia temporarily to pursue an education. You must mention your home country circumstances, immigration history, and future plans.
Financial Requirements – in order to be considered for students visa, students need to show proof of finances. In order to be awarded a visa, one must be able to pay to cover tuition and living cost. According to the recent census, your finances should come up to about 21,000 AUS, minus tuition and travel.
English Proficiency Test –
You must have met the acceptable standards in one of the English Proficiency tests like IELTS or TOFLE.
the student will be required to clear a standard medical test which will be conducted by a doctor certified by the local embassy.
Top Business Schools in Australia
There are many schools which offer some great Masters in Finance in Australia. However, there are those which are best among the best. Following are some of the best business schools for Masters in finance in Australia:
- Melbourne Business School
- Australian Graduate School of Management, University of New South Wales
- University of Sydney
- Adelaide Graduate School of Business, The University of Adelaide
- University of South Australia Business School
- University of Queensland Business School
Melbourne Business School
If you plan to get into a business school in Australia, you ought to consider Melbourne Business School foremost. Ranked 1st among all the business schools in Australia by The Economist, Melbourne Business School boasts an alumni network of over 10,000 members globally. Situated in Carlton, Victoria, Australia, MBS is regarded as the first school in Australia to offer an internationally ranked MBA program. Some of the most notable alumni of the school are –
Margaret Jackson – Australian Executive
Ahmed Fahour – Australian Businessman
Bill Shorten – Member of Australian Parliament
Roman Quaedvleig – Commissioner of Australian Border Force
Programs that the Melbourne Business School offer are:
- Master of Business Administration (M.B.A)
- Master Business Analytics
- Master Analytics Management
- Master of Commerce (M.Com) Marketing
- Master of Management (M.Mgmt)
Australian Graduate School of Management, University of New South Wales
Considered one of Australia’s most prominent business schools, the Australian Graduate School of Management, University of New South Wales, has been recognized globally for its research-based approach towards all the major programs that one can explore. Located in Sydney, New South Wales, Australia, the school’s MBA program has been regarded as the best in Australia by the Financial Times for several years.
Following are the programs that the school offers –
MBA Programs –
- MBA Full-Time Program
- MBA Part-Time Program
- Master of Law/ MBA (Law)
Online MBA Programs –
- MBAX (Change)
- MBAX (Social Impact)
- MBAX (Finance)
- MBAX (Technology)
- MBAX (Law)
Graduate Certificate Programs –
- Graduate Certificate in Change Management
- Graduate Certificate in Digital Innovation
- Graduate Certificate in Leadership
- Graduate Certificate in Management
- Graduate Certificate in Strategic Management
- Graduate Certificate in Technology Management
University of Sydney
The University of Sydney, founded in 1850, is considered one of the most renowned universities globally. Being the oldest and one of the most eminent universities in Australia. Also, the University boasts of top-notch research facilities owing to which it ranks 2nd in Australia and 1st globally. Moreover, the on-campus lake and lush green spaces make the accommodation on the university campus quite an experience.
The undergraduate courses that one can get enrolled in at the university –
- Bachelor of Science
- Bachelor of Music
- Bachelor of Pharmacy
- Bachelor of Economics (Honors)
- Bachelor of Arts
- Bachelor of Psychology
- Bachelor of Arts (Honors)
- Bachelor of Economics
- Bachelor of Commerce
- Bachelor of Oral Health
- Bachelor of Visual Arts
- Bachelor of Social Work
- Bachelor of Commerce (Honors)
- Bachelor of Nursing (Honors)
- Bachelor of Advanced Computing
Adelaide Graduate School of Business, The University of Adelaide
Australia’s third oldest university, established in 1874, the University of Adelaide is one of Australia’s most remarkable research universities. Located in Adelaide, South Australia. The university boasts four campuses, three of which are in South Australia. Also, the university consists of five significant faculties, all of which are mentioned below.
- Faculty of Engineering, Computer, and Mathematical Sciences
- Faculty of Health and Medical Sciences
- Faculty of Arts
- Faculty of Professions
- Faculty of Sciences
Adelaide Graduate Business School began as the university’s attempt to found Australia’s best entrepreneurship institution. The courses one can explore at the school are mentioned below.
- Adelaide of Business Administration
- Adelaide Master of Business Administration – Singapore
- Master of Accounting and Finance – Melbourne Campus
- Master of Applied Finance
- Master of Commerce by coursework
- Master of Finance
- Master of Finance – Melbourne Campus
- Master of Finance and Business Economics
- Master of International Trade and Development
University of South Australia
It won’t be inaccurate to say that Australia is the land of options for higher education universities. And when it comes to pursuing degrees in Finance and Business, then the University of South Australia is an option worth opting for.
Located in Adelaide, South Australia, the University of South Australia is one of the best universities of Australia that comes in the top one per cent worldwide. Also, it has been awarded an overall five stars for excellence in the QS Stars Ratings 2020. Moreover, the university is ranked number 1 in South Australia for Business and Management. Furthermore, the University of South Australia is ranked first in Australia for Business and Management.
Courses concerning Finance that one can explore at the University of South Australia –
- Bachelor of Business (Finance)
- Bachelor of Commerce (Accounting)
- Bachelor of Business (Economics, Finance and Trade) (Pathway to Master of Finance (Financial Planning)
- Bachelor of Business (Economics, Finance and Trade)
- Bachelor of Business (Economics, Finance and Trade) (Pathway to Master of Finance)
- Bachelor of Business (Financial Planning)
- Bachelor of Commerce (Accounting)
- Master of Finance
- Master of Finance (Financial Planning)
- Master of Business Administration (Finance)
University of Queensland Business School
Situated in Brisbane, Australia, the University of Queensland Business School of the University of Queensland is one of the most popular research-oriented universities in Australia. One can explore seven core areas of the research at the University of Queensland Business School such as Accounting, Business Information Systems, Finance, Marketing, Management, Tourism and Strategy.
There are a ton of opportunities that one can explore at the university in the domain of Finance. Following are the course one can opt for to develop a detailed understanding of the field –
- Bachelor of Advanced Business (Honours)
- Bachelor of Business Management
- Bachelor of Commerce
- Master of Business
- Master of Commerce
Overall, Australia holds immense potential concerning higher education and is increasingly becoming a popular place for international students to pursue higher education. And especially when it comes to Finance. So now when you have read the entire blog, feel free to explore! We have more such content for you!
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