| Course Overview
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Graduates of the Master of Financial Management should have the capacity to work in professional practice by applying the specialist financial knowledge that this course aims to provide. The course is designed for students with a pre-existing Bachelor of Commerce (or equivalent) to undertake a broader and more comprehensive training in finance than is feasible within an undergraduate degree. |
| Graduate Category |
Postgraduate |
| Graduate Attributes |
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| Objectives |
In particular this course aims to provide graduates with:
- Extensive applications of finance theory;
- Detailed knowledge of the operations and activities of financial markets;
- A practical and career-oriented program;
- An understanding of financial management principles and their application to corporate financial policy;
- A comprehensive understanding of Australian and international financial markets;
- A comprehensive knowledge of derivative assets and the operation of the markets in these assets; and
- An applied knowledge of various specialised aspects of the finance industry.
On successful completion of this course, students should be able to:
- Identify and apply fundamental principles of finance;
- Identify, critically evaluate and interpret financial decision problems;
- Analyse new and ever changing financial issues;
- Analyse and synthesise financial data within a constantly evolving financial environment;
- Describe the significance and value of their knowledge gained to the wider community (including business and the financial industry); and
- Apply a knowledge of computer systems and software where appropriate to the study of finance.
On successful completion of this course, students should be able to demonstrate the following attributes and skills:
- Oral and written communication;
- Time management, particularly in relation to competing deadlines;
- Team work, which should be fostered through self-directed project work;
- Using computer systems and software;
- Problem solving; and
- Analysis and synthesis of information.
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| Generic Skills |
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| Career Options |
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| Subjects
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| Stream Description
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The degree is designed to be completed in two years of full time study and requires completion of 200 points. The first year has five core subjects of 12.5 points each and three elective subjects (worth 37.5 points in total). The second 100 points of the program comprises six core subjects of 12.5 points each and two elective subjects (worth 25 points in total). |
| Stream Structure |
YEAR 1
Core Subjects: Students must take a total of five core subjects.
Select ONE of the following two subjects:
Select ONE of the two following subjects:
Select ALL of the following three subjects:
Select three electives subjects from:
Other fourth year (level four), Masters (level six) or Postgraduate Diploma (level eight) subjects as approved by the Academic Director of the program.
Please Note
If 333-301 Investments and 333-302 Corporate Finance or equivalent subjects have not previously been taken, these must be included in the course of study (and preferably taken in the first semester).
No more than 25 points (usually two subjects of 12.5 points each) can be chosen from subjects at third year (level three) and are subject to the approval of the Academic Director of the program.
YEAR 2
Core Subjects: Students must take all six core Year 2 subjects:
| Subject |
Semester |
Credit Points |
| 333-630
Derivative SecuritiesThis subject covers derivative markets and derivative securities. It discusses pricing, risk management and regulatory aspects of derivative securities. Topics include: forwards and futures markets, options markets, arbitrage and trading securities, ...
|
1, 2 |
12.500 |
| 333-631
Mergers and Value Enhancing StrategiesThis subject covers mergers and acquisitions and other value enhancing policies. Topics to be covered include: valuation techniques, mergers and acquisitions (introduction, motives, corporate control, strategic issues, offensive and defensive strateg...
|
1, 2 |
12.500 |
| 333-615
International Business FinanceForeign exchange market microstructure; tests of parity relationships; measurement and management of foreign exchange exposure; international asset pricing models; international cost of capital and capital structure; international capital budgeting; ...
|
2 |
12.500 |
| 333-632
Case Studies in FinanceThis is a capstone subject for the program consisting of selected case studies covering portfolio analysis, financial management, derivatives and risk management, mergers and acquisitions, raising capital and other topical issues.
|
2 |
12.500 |
| 316-633
Quantitative Analysis of Finance IIThe focus of the subject is on the application of more advanced quantitative techniques to analyse and model financial data. Special emphasis is given to maximum-likelihood estimation and testing procedures under alternative distributional assumption...
|
1 |
12.500 |
| 325-664
Strategic ManagementThis subject is about the strategic management process - how managers develop and implement strategies in organisations - and how that process itself is changing. It focuses on three main issues: (1) how different industry conditions support differen...
|
1, 2 |
12.500 |
Elective Subjects:
Select elective subjects worth 25 points from:
Master of Applied Finance electives available to 2nd Year students:
| Subject |
Semester |
Credit Points |
| 333-671
Finance LawThe subject deals with a range of general law issues relating to finance including contract, property and security, as well as the sections of the trade practices legislation concerning misleading and deceptive conduct. Particular topics include fund...
|
1 |
6.250 |
| 333-675
Funds ManagementThe investment management process, review of fundamental concepts, market efficiency, capital market characteristics and risk premia, setting investment objectives, strategic and tactical asset allocation, active/passive management, property, bond an...
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Semester 2 |
6.25 |
| 333-677
Technical Analysis and TradingTechnical trading analysis including pattern analysis and trends, stochastics, momentum market profiles, price-time analysis, elementary statistical evaluation of these methods.
|
1 |
6.250 |
| 333-678
Financial EngineeringFinancial engineering principles, valuation techniques, tax and regulatory issues involved in product development, analysis of specific products such as: Victorian Equity Trust, Tascorp Equity Bonds, Market Index Deposits, Converting Preference Share...
|
Semester 1 |
6.25 |
| 333-685
Marketing Financial Analysis and ControlOverview of marketing financial analysis management issues; product management – profitability, pricing strategies, new product development; controlling costs; estimating revenue; customer analysis – profitability, value analy...
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Summer |
6.25 |
| 333-686
Bank Lending Practices and TechniquesCharacteristics of alternative loan facilities; bank loan pricing principles; principles of credit evaluation; banker-client relationships; approaches to security and collateral; methods of monitoring borrower solvency; and workout situations.
|
2 |
6.250 |
| 333-691
Financial Planning and AdvisingThis subject focuses on the role of the professional financial adviser in personal financial planning. Topics will be drawn from: risk and return analysis; investment asset classes; features of different investment products; taxation issues relating ...
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1, 2 |
6.250 |
Please Note
No more than 25 points of fourth year (level four) or Postgraduate Diploma (level eight) subjects can be included in the second year of the degree with one exception. In the case of students who have entered the Postgraduate Diploma in Finance or Master of Financial Management as mid-year students and taken 333-630 Fixed Interest and Options Markets or 333-618 Advanced Derivative Securities as part of the Diploma, inclusion of an additional 12.5 points of fourth year (level four) or Postgraduate Diploma (level eight) subjects in the Master of Financial Management will be permitted.
Master of Financial Management 2nd Year students will be permitted to enrol in Master of Applied Finance elective subjects that are accredited as part of their course structure (please refer to the Master of Applied Finance subjects listed under the Master of Financial Management course structure in this Handbook).
Students enrolling in Master of Applied Finance 6.25 point subjects, and who are not enrolled in this course, must take two 6.25 point subjects or be aware of the need to do more than the standard course load in their course in order to complete their program.
Students who include a Winter semester subject as one of their final subjects in the Master of Applied Finance course may not be eligible to graduate from the program until after results are released in December of the same year.
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| Duration |
A full-time student should complete the course in four consecutive semesters (two years) taking four subjects in each semester. A part-time student should complete the course in eight consecutive semesters (four years) taking two subjects in each semester. |
| Further Study |
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| Admission Requirements
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The minimum entry requirement is an undergraduate degree of good academic standard with some studies in finance (or its equivalent) which indicates an ability to complete the Master of Financial Management. |
| Faculty |
Economics and Commerce |
