Monash University
Master of Commerce
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 24 months
- Course Type: Master's
Complete advanced coursework and research methodology training for deep and effective doctoral research when you transition to a PhD.
Course overview
This coursework and research program in finance is designed for high-achieving students who intend to pursue a PhD in finance. The course involves undertaking research methodology training and carrying out independent research projects in banking and finance, working closely with a supervisor who will provide you with individual guidance and academic counselling.
The course is the compulsory pathway to the PhD programme in finance. Students intending to pursue the five-year PhD program in finance will be given priority during selection. Upon successful completion of the Master of Commerce, displaying exceptional proficiency, students progress to the PhD program in finance (three years).
Key facts
What you will study
To complete the Master of Commerce, you must earn 96 credit points.
The course is structured in two parts:
Part A. Research Studies
You must complete the following units
- Research Skills
- Corporate Finance and Intermediation Theory
- Empirical Corporate Finance and Banking
- Econometrics for Finance
- Asset Pricing Theory
- Empirical Asset Pricing and Investments
- Research in Finance
Part B. Advanced Research Studies
You must complete the following units and one Level 5 elective unit (six credit points)
- Advanced Asset Pricing
- Advanced Corporate Finance
- Advanced Behavioural Finance
- Research Project 1
- Research Project 2
Note: You may need permission from the owning faculty to enrol in some units taught by other faculties.
Entry requirements
Entry level 1: 96 credit points
Duration: Two years full time, Four years part time
- An Australian bachelor's degree (or equivalent) in a relevant discipline*. A distinction grade average (70%) or above for four units (24 points) in a relevant discipline* at level three is required.
Entry level 2: 48 credit points
Duration: One year full time, Two years part time
- An Australian bachelor honours degree (or equivalent) in a relevant discipline* with a grade average of at least (75%), or equivalent qualification approved by the faculty.
*Relevant disciplines include Accounting, Banking and Finance, Economics, Econometrics and Business Statistics, Health Economics, Management, Marketing and related cognate disciplines including Computer Science, Engineering, Mathematics, Psychology, Sociology and other Social Sciences.
English language requirements
To enter 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.
Extra requirements
Shortlisted applicants will be invited to attend an interview with a panel constituted by the Course Coordinator. Admission is a competitive process.
Completion of the Master of Commerce Supplementary Form is also required and applicants may be requested to attend an interview with the discipline Coordinator.
Recognition of prior learning (RPL)
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
These course outcomes are aligned with the Australian Qualifications Framework level 9 and Monash Graduate Attributes.
Upon successful completion of this course, it is expected that you will:
- Be critical and creative scholars who produce innovative solutions to problems, apply research skills to business challenges and communicate effectively and perceptively.
- Be responsible and effective global citizens who engage in an international world, exhibit cross-cultural competence and demonstrate ethical values.
- Utilise knowledge to design relevant solutions that respond to business, professional and public policy communities.
- Apply conceptual frameworks to analyse complex problems arising in a variety of contexts and be able to apply economic theories and strategies to conduct capital market research and evaluate corporate and financial institution policy outcomes.
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.