University of Melbourne
Master of Management (Accounting and Finance)
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 24 months
- Course Type: Master's
Suitable for business/commerce students who wish to add accounting and finance to their portfolio.
Course overview
Melbourne Business School's Master of Management (Accounting and Finance) provides foundation and advanced studies in the disciplines of accounting and finance. Advanced levels of knowledge and skill in the two disciplines of accounting and finance are developed through a combination of core and elective subjects which will prepare graduates for entry into either the finance or accounting professions.
CSP Subsidised Fees Available
This program has a limited quota of Commonwealth Supported Places (CSP). The indicative CSP price is calculated based on first year fees for EFT. The actual fee may vary if there are choices in electives or majors.
Key facts
July, 2026
What you will study
The Master of Management (Accounting and Finance) program consists of 16 semester-length subjects comprising:
- Three discipline core finance subjects
- Seven discipline core accounting subjects
- Three finance electives
- Two general electives
- One capstone subject
Students complete all of the following subjects:
Finance
- Investment Management
- Corporate Financial Policy
- Derivative Securities
Accounting
- Financial Statement Analysis
- Corporate Reporting
- Strategic Cost Management
- Strategic Performance Management
- Financial Accounting Theory and Practice
- Auditing and Assurance Services
- Information Processes and Control
Entry requirements
Academic requirements
To be considered for entry into this course, you must have one of the following:
- Have completed an undergraduate degree (or equivalent) in accounting, finance or a business/commerce degree with an accounting major/specialisation.
- Have completed an undergraduate degree (or equivalent) with a minor sequence of study in both accounting and finance.
If you do not have a prior degree with the required study in accounting and/or finance, you are encouraged to consider the Master of Management (Accounting) instead.
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 study 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 overall, with no band less than 6.5.
- TOEFL IBT – minimum score of 94, with writing 24; speaking 20; reading 19; listening 20.
- PTE – minimum score of 72, with written communicative skill of 65 and no other communicative skill below 64.
- Cambridge – minimum score of 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
Career outcomes
On graduating from this program, you may be employed in roles such as:
- External auditor
- Taxation accountant
- Management trainee
- Financial analyst
Learning outcomes
You will learn a number of essential skills, including the ability to:
- Obtain, analyse, synthesise and evaluate evidence for management decision making in accounting and finance.
- Apply strategic and critical thinking in relation to business and commerce related issues and in developing solutions to problems in organisations and in society.
- Be an effective decision maker in business and commerce.
Fees and CSP
Estimated first-year fee in 2025: From $16,992 (Commonwealth Supported Place)
Indicative first-year fee in 2026: $37,984 (domestic full-fee paying place)
Indicative total course fee in 2026: $79,767 (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.
Commonwealth Supported Places
The Australian Government allocates a certain number of CSPs to the universities each year, which are then distributed to students based on merit.
If you're a Commonwealth Supported Student (CSS), you only need to pay some of your tuition fees. The student contribution amount is the balance once the government subsidy is applied. This means your costs are much lower.
Limited CSP spaces are offered to students enrolled in selected postgraduate courses.
Your student contribution amount is:
- Calculated per the subjects you're enrolled in.
- Dependent on the study areas they relate to.
- Reviewed and adjusted each year.
HECS-HELP loans are available to CSP students to pay the student contribution amount.
FEE-HELP loans are available to assist eligible full-fee paying domestic students.