Course details

Summary

Finance is a relatively new and rapidly growing discipline that examines the acquisition and allocation of financial resources. Where financial accounting measures past performance, Finance as a discipline is forward-focused. It is largely about future planning for firms or investors.

Finance consists of three interrelated subject areas:

• corporate finance studies how firms raise and efficiently utilise funds obtained from lenders and shareholders
• financial markets and institutions explores how the financial system facilitates the transfer of funds from savers and lenders to borrowers
• investment analysis studies how investors choose securities and asset classes for their investment portfolios.

All of these areas assess the trade-off between risk and reward and the valuation of both financial and capital assets.

Qualification structure and duration

Part I of the MSc usually consists of coursework while Part II usually consists of a thesis or dissertation. Coursework must be satisfactorily completed in Part I before the student can proceed to Part II. The requirements vary depending on your choice of subject, as some subjects require only Part II.

Duration

• Part I and Part II must be completed in two years full-time; up to four years part-time.
• Part I must be completed full-time in one year.
• Part II is completed full-time in one to two years or, with the Dean of Science's permission part-time in up to four years.

Career opportunities

Today it would be rare for a person to rise to the position of chief financial officer (CFO) without a strong grounding in both Accounting and Finance. There are also many other career opportunities for Finance graduates, with typical jobs including: financial analyst, money market and foreign exchange dealer, loan analyst, equity analyst, risk analyst/manager, portfolio manager, financial planner, investment banker and small-business manager.

Entry criteria

Candidates must have completed one of the following:

• Bachelor of Science
• Bachelor of Science with Honours*
• Bachelor of Speech and Language Pathology with Honours
• Postgraduate Diploma in Science*
• Postgraduate Diploma in Engineering Geology
• or any bachelor's degree and a qualifying programme.

* Students who have qualified for a Bachelor of Science with Honours or Postgraduate Diploma in Science in a subject may be admitted to a MSc Part II (by thesis-only) in that subject.

Other English language requirements: TOEFL PBT with a minimum score of 575 and TWE with a minimum score of 4.5; CCEL EAP Level 2 with a minimum B+ grade; CAE or CPE score of 176 with a minimum of 169 in reading, writing, listening and speaking; Pearson Test of English (Academic) - PTE with an overall score of 64 and no PTE communicative skills score below 58.