Master of Banking and Finance Law

What you will study

Students must complete 100 credit points in total. Each subject is valued 12.5 credit points.

Entry Requirements

To be considered for entry into this course, you must have completed one of the following:

• A degree in law (LLB, JD or equivalent) leading to admission to practice with a University of Melbourne equivalent score of at least 70.
• A degree in law (LLB, JD or equivalent) leading to admission to practice, or equivalent and two years of documented relevant professional experience.
• An undergraduate degree in a relevant discipline and two years of documented relevant professional experience.
• An undergraduate degree in a relevant discipline; and successful completion of four subjects in a cognate graduate diploma and one year of documented relevant professional experience.

Disciplines directly related to this course include banking and finance.

Professional experience relevant to this course may include roles in fields including banking, financial policy, or financial compliance.

Meeting the published entry requirements for this course does not guarantee selection.

Where the admission criteria include a minimum Weighted Average Mark (WAM) and/or specific subject criteria, these are based on University of Melbourne grades and subjects. If you've studied elsewhere, the university will assess your relevant prior studies and equivalent grades. Your final WAM may be adjusted depending on your previous institution's accreditation, subject grading and pass marks.

English Language Requirements

All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous studies taught and assessed entirely in English or an approved English language test. If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:

• IELTS (Academic) – 7.0, with no band less than 6.5
• TOEFL – 94+, with writing 24; speaking 20; reading 19; listening 20
• Pearson – 72+, with the written communicative skill of 65 and no other communicative skill below 64
• Cambridge – 185+, with no skill less than 176

Recognition of Prior Learning

Prior studies may be credited towards your degree and potentially reduce the duration of your course. This is known as Advanced Standing (also known as credit or recognition of prior learning). Contact the university for more details.

Outcomes

Learning Outcomes

As a student in the Master of Banking and Finance Law, you’ll develop an advanced understanding of the complex body of knowledge in the field of banking and finance law, including:

• The legal and regulatory architecture of the Australian and international financial sector across a range of subject areas.
• Key legal issues governing relationships between financial services providers and their customers, and the theory and practice of prudential and market integrity/consumer protection regulation of financial services.
• The impact of globalisation, e-commerce and regulatory reform on the provision of financial services in Australia and internationally.

You’ll also develop skills in critical analysis and the ability to interpret and transmit your ideas to specialist and non-specialist audiences, including clients.

Fees and FEE-HELP

Indicative first-year and total course fee in 2026: $49,984 (domestic full-fee paying place)

Unless otherwise noted, the indicative total course fee shown above assumes a study load of 1 EFTSL (equivalent full-time student load) commencing semester one of the listed year, except for courses with a duration of less than 1 EFTSL.

Fees are subject to annual review by the University, with any new rates effective from the beginning of each calendar year.

A student’s fee may vary depending on:

• The number of subjects studied per term.
• The choice of major or specialisation.
• Choice of subjects.
• Credit from previous study or work experience.
• Eligibility for government-funded loans.

You may also need to pay the student services and amenities fee.

FEE-HELP loans are available to assist eligible full-fee paying domestic students.