University of Melbourne
Master of Management (Finance)
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 24 months
- Course Type: Master's
The degree is recognised by the CFA Institute.
Course overview
The Master of Management (Finance) will equip you with the professional skills and knowledge to prepare you for the finance profession. The program provides you with a foundation in the various business disciplines and builds a strong base of knowledge in the discipline of finance. As the program progresses, you will focus on advanced studies in finance that enhance your skills in financial analysis.
This degree is ideal for anyone holding an undergraduate degree in an area outside of business/commerce whose goal may be to assume a managerial position in the field of finance.
The program is offered as a one and a half year full time option (part-time equivalent available for domestic students) if you have previously completed a undergraduate degree in business, commerce or a related discipline.
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
200 Point Program
The Master of Management (Finance) 16-subject program consists of:
- Five foundation subjects (three foundation subjects and one constrained-choice foundation subject to be completed in the first semester of study, and one constrained-choice foundation subject to be completed in the second semester of study)
- Three discipline core subjects
- Four finance elective subjects
- Three general elective subjects
- One capstone subject (to be taken in the final semester of study)
150 Point Program
The Master of Management (Finance) 12-subject program consists of:
- One foundation subject
- Three discipline core subjects
- Four finance elective subjects
- Three general elective subjects
- One capstone subject (to be taken in the final semester of study)
Students must complete all three of the following subjects as well as two subjects from the selective group:
- Accounting for Decision Making
- Financial Management
- Quantitative Methods for Business
Selective group
Complete two of the following:
- Managerial Economics
- Human Resource Fundamentals
- Managing Behaviour in Organisations
- Managing for Value Creation
Entry requirements
Academic requirements
To be considered for entry into this course, you must have completed an undergraduate degree (or equivalent) in any discipline apart from finance*.
*If you have a prior degree in finance, you are excluded from entry to this degree. Instead, you are encouraged to consider the Master of Finance or the Master of Management (Accounting and Finance).
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).
If you have an undergraduate degree in business/commerce or a related discipline, or an undergraduate degree in any discipline with appropriate business breadth study or a business minor, you may be awarded up to 50 points of Advanced Standing.
There is a pre-approved Advanced Standing arrangement for students who complete the Graduate Certificate of Business prior to commencing this master's program. To receive maximum Advanced Standing (credit) to enter the 150 point program, you must undertake the following subjects within the Graduate Certificate:
- ACCT90040 Accounting Analysis and Decisions
- ECON90076 Empirical Method for Business
- FNCE90075 Managerial Finance
You must choose the remainder of your subjects from this list:
- ECON90077 Econ of Markets and Organisation
- MKTG90038 MKTG Value Creation Strategies
Contact the university for more details.
Outcomes
Career outcomes
Graduates have gone on to some successful and varied careers. These are just some examples:
- Assistant manager
- Senior consultant
- FX trader
Learning outcomes
You will leave the degree with a number of essential skills, including the ability to:
- Obtain, analyse, synthesise and evaluate evidence in management decision making in an area of commerce specialisation.
- 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.