Monash University
Master of Applied Econometrics and Master of Applied Finance
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 24 months
- Course Type: Master's
This double degree grows your understanding of global financial markets and investment.
Course overview
Are you a finance professional looking to progress your career pathways in quantitative finance? This double degree will grow your understanding of global financial markets and investment and your specialist skills in:
- Financial modelling
- Forecasting
- Big data and analytics
It will give you a unique edge in investment banking, portfolio management, risk management, quantitative trading and research.
Over the course of this two-year double degree, you’ll advance your training in econometrics and quantitative analysis to solve finance and economic challenges. This includes building on your ability to critically analyse, solve problems and develop innovative solutions to a range of contemporary business issues – especially those that influence the finance industry.
The program will sharpen your understanding of financial markets and investments, valuation, trading and risk management, as well as ethics, environmental and corporate social responsibility. You’ll also have the chance to explore in-depth investment banking, asset management and financial technology and sustainability.
With so much of the industry influenced by quantitative data and modelling, you’ll gain a critical edge through specialist training across in-demand econometric skills, including empirical modelling, forecasting data analysis and more. Learning from and working with global leaders in the field, you’ll complete the two-year program and be more capable of working with the numbers and using them to positively impact business.
Ready to take a rewarding career in finance to the next level?
Key facts
What you will study
To complete the Master of Applied Econometrics and Master of Applied Finance double degree, you must complete 16 units (96 credit points). It consists of a Master of Advance Finance component (48 credit points) and a Master of Applied Econometrics component (48 credit points).
Part A. Mastery knowledge
a. Core units (30 credit points)
You must complete the following
- Financial Statement Analysis and Business Valuation (six credit points)
- Funds Management (six credit points)
- Case Studies in Finance (six credit points)
- Advanced Foundations of Finance (six credit points)
- Quantitative and Data Analysis in Python (six credit points)
b. Specialist studies (18 credit points)
You must complete three units (18 credit points) from one of the following specialist studies.
Investment banking
You must complete the Mergers and acquisitions (six credit points) and two further units (12 credit points) from this specialist study.
- Applied Corporate Finance (six credit points)
- Infrastructure and Project Finance (six credit points)
- Applied Derivatives (six credit points)
- Mergers and Acquisitions (six credit points)
- Macroeconomics (six credit points)
Asset management
You must complete Applied derivatives (six credit points) and two further units (12 credit points) from this specialist study.
- Applied Derivatives (six credit points)
- Treasury and Financial Markets (six credit points)
- Financial Machine Learning (six credit points)
- Fixed Income Investments (six credit points)
- Macroeconomics (six credit points)
Financial technology and sustainability
You must complete Fintech (six credit points) and Sustainable Finance (six credit points) and one further unit (six credit points) from this specialist study.
- Fintech (six credit points)
- Climate Change and Carbon Management Strategies (six credit points)
- Sustainable finance (six credit points)
- Financial machine learning (six credit points)
Entry requirements
Applicants must have one of the following:
- An Australian bachelor's degree (or equivalent) with a major or minor* in finance with at least a high credit (65%) average or equivalent Grade Point Average (GPA) and must have passed a first year statistics or mathematics unit or equivalent.
- An Australian bachelor's degree (or equivalent) and having passed the Level 1 CFA examination or equivalent membership of a recognised professional finance program.
*A minor is at least four units (equivalent to 24 Monash credit points).
English language requirements
For entry to Monash University, you must meet the minimum English language requirements. You can do this by completing one of the qualifications listed on their website.
If you've completed several measures of English proficiency over a period of time, the highest valid measure will be accepted as long as it's been taken within the required time limitations.
University entrance requirements
Minimum entrance requirements apply for admission to Monash University Australia.
Recognition of Prior Learning
You may be able to get credit for your course based on prior formal, non-formal or informal learning. To apply, you will need to provide supporting documentation outlined by the university. Contact the university for more information.
Outcomes
Learning outcomes
Master of Applied Econometrics
- Be critical and creative scholars who:
- Produce innovative solutions to problems.
- Apply research skills to business challenges.
- Communicate effectively and perceptively.
- Be responsible and effective global citizens who:
- Engage in an internationalised world
- Exhibit cross-cultural competence
- Demonstrate ethical values
- Demonstrate broad knowledge and technical skills in the area of their specialisation and be able to provide discipline-based solutions relevant to the business, professional and public policy communities that we serve, in particular:
- Applied econometrics graduates demonstrate specialist knowledge of modern econometric techniques needed for empirical or methodological research to pursue a career in government or business and develop the essential postgraduate skills to pursue a higher-degree-research program possibly.
- Applied econometrics graduates also demonstrate specialist knowledge in subjects related to econometrics to progress towards professional careers in private, public or institutional sectors as economists or consultants.
- Have advanced knowledge to master's level in the specialisation.
Master of Advanced Finance
- Be critical and creative scholars who:
- Produce innovative solutions to problems.
- Apply research skills to business challenges.
- Communicate effectively and perceptively.
- Be responsible and effective global citizens who:
- Engage in an internationalised world.
- Exhibit cross-cultural competence.
- Demonstrate ethical values.
- Show a comprehensive understanding of their discipline and be able to provide discipline-based solutions relevant to the business, professional and public policy communities we serve.
- Demonstrate judgement, creativity and application of advanced quantitative finance theories and methods in an ethical manner in financial markets, related intermediaries and finance divisions of large corporation.
Fees and FEE-HELP
Average 2025 first-year fee: $37,100 (domestic full-fee paying place)
All costs are calculated using current rates and are based on a study load of 24 credit points (normally four units) per semester or 48 credit points (normally eight units) per year.
A student’s annual fee may vary in accordance with:
- The number of units studied per term.
- The choice of major or specialisation.
- Choice of units.
- Credit from previous study or work experience.
- Eligibility for government-funded loans.
Student fees shown are subject to change. Contact the university directly to confirm.
FEE-HELP loans are available to assist eligible full-fee paying domestic students with the cost of a university course.