Graduate Diploma in Finance (CRICOS course code 060584G) is a Graduate Diploma delivered by Royal Melbourne Institute of Technology over 1 year. This course is designed for students who want to deepen their understanding of finance and banking, building on prior tertiary study or professional experience. Located in Melbourne, Victoria, RMIT is a government university registered on CRICOS (provider code 00122A). As a CRICOS-registered provider, RMIT can enrol international students under Australia’s ESOS Act protections. This page provides indicative fees, entry guidance, and visa information to help you plan your study in Australia.
Graduate Diploma in Finance (CRICOS 060584G) is classified under the field of education '08 - Management and Commerce', specifically '0811 - Banking, Finance and Related Fields' and '081101 - Banking and Finance'. At AQF Level 8, this Graduate Diploma equips students with advanced knowledge and skills in finance, including financial analysis, investment management, and risk assessment. Graduates typically pursue roles in banking, financial planning, corporate finance, or further study such as a Master's degree. The course is offered by Royal Melbourne Institute of Technology (RMIT), a leading Australian university with a strong industry focus. RMIT’s main campus is at 124 Latrobe Street, Melbourne, placing students in the heart of Australia’s financial hub. Melbourne is home to over 200 CRICOS-registered providers offering thousands of courses, making it a popular destination for international students. According to the official CRICOS register (April 2026), RMIT remains a trusted provider under the ESOS Act, which ensures tuition protection and student rights.
While specific syllabi are set by RMIT and subject to change, Graduate Diploma programs in Banking and Finance typically cover financial markets, corporate finance, financial modelling, and investment strategies. Students learn to apply financial theories to real-world scenarios, using analytical tools and data interpretation. The course aims to develop critical thinking and decision-making skills essential for the finance sector. Field 081101 (Banking and Finance) emphasises both theoretical foundations and practical applications. As this is a Graduate Diploma (AQF Level 8), it assumes prior learning at bachelor level or equivalent professional experience. Graduates are expected to demonstrate specialised knowledge and autonomy in professional practice.
The Graduate Diploma in Finance is a 1-year program (52 weeks) according to the CRICOS register. The language of instruction is English. This is a single qualification, not a dual program. Study modes may include full-time on-campus attendance, with possible flexible options—check with RMIT for current delivery methods. Melbourne offers a vibrant student lifestyle, with excellent public transport access to RMIT’s city campus via tram, train, and bus. Typical living costs in Melbourne are around AUD 500–700 per week for rent, plus groceries and transport. These estimates are a guide only; actual costs vary.
The indicative tuition fee for this course is A$48,960, with non-tuition fees of A$373, giving an estimated total of A$49,333. These fees are set by Royal Melbourne Institute of Technology and sourced from the CRICOS register as at April 2026. They are subject to change—always confirm current fees directly with RMIT via their website (www.rmit.edu.au). Additional costs not included are Overseas Student Health Cover (OSHC), living expenses, and the visa application charge. OSHC is mandatory for student visa holders and typically costs AUD 500–700 per year for single cover. Financial capacity evidence is required for your visa application.
Indicative English language requirement for this level is IELTS 5.5–6.0 overall, or equivalent. However, specific entry criteria are set by RMIT. Typically, a Graduate Diploma requires completion of a bachelor degree or equivalent in a relevant field, or significant professional experience. Some providers offer pathway options such as a Graduate Certificate leading to the Diploma. For detailed entry requirements, consult RMIT’s official website. Remember, meeting minimum English scores does not guarantee admission; providers assess holistically.
CRICOS data indicates there is no mandatory work component included in this course. However, as a student visa (Subclass 500) holder, you may work up to 48 hours per fortnight during scheduled study periods and unlimited hours during recognised breaks, subject to visa conditions. This provides valuable part-time work experience while studying in Melbourne.
This course is delivered at RMIT University - 124 Latrobe Street, Melbourne, VIC 3000. Melbourne’s central business district is Australia’s second-largest student city, with over 500,000 international students across multiple universities. The campus is within walking distance of Melbourne Central station and State Library, with easy access to cafes, libraries, and student services. Melbourne consistently ranks as one of the world’s most liveable cities, offering a multicultural environment and strong job market for finance graduates.
International students must apply for a Student visa (Subclass 500) to study this course. Key requirements include: genuine temporary entrant (GTE) criterion, sufficient funds (tuition, living costs, OSHC), and English proficiency. OSHC is mandatory—you must hold approved health cover for the entire visa duration. Visa conditions include work limitations as above. For detailed advice, consult a registered migration agent (MARA) or the Department of Home Affairs. HeadStart Academy does not provide immigration advice.
Melbourne offers a world-class education ecosystem with over 200 CRICOS-registered providers. The city is a financial hub, home to major banks and fintech startups, providing networking and career opportunities. Living costs are moderate compared to Sydney, with typical weekly rent A$300–500 for shared accommodation, groceries A$80–150, and a monthly transport pass around A$175. However, consider your personal preferences for climate, lifestyle, and proximity to family. Melbourne experiences four seasons, with cool winters and warm summers. The city is known for its multicultural food scene and sporting events. If you thrive in a dynamic urban environment, Melbourne is an excellent choice for finance studies.
Finance is a competitive field. This Graduate Diploma can enhance your career prospects, but it’s important to research the specific curriculum, faculty, and industry links at RMIT. Check if the program is accredited by professional bodies like the CFA Institute or FINSIA. Also consider your long-term goals: does this lead to a Master's degree or immediate employment? Melbourne’s finance sector hires graduates from many universities; your network and internship experience matter. Use HeadStart Academy’s free resources to compare courses across providers.
Follow these three steps to secure your place in Graduate Diploma in Finance at RMIT:
1. **Research CRICOS-registered providers**: Use HeadStart Academy to filter by course level (Graduate Diploma), field (Banking and Finance), and location (Melbourne). Confirm RMIT (CRICOS 00122A) meets your needs.
2. **Apply directly to your chosen institution**: Visit RMIT’s website (www.rmit.edu.au) to review entry requirements, English test scores, and application deadlines. Submit your academic transcripts, English results, and supporting documents through RMIT’s online portal. Application fees may apply.
3. **Receive your Confirmation of Enrolment (CoE) and apply for your Student visa (Subclass 500)**: Once RMIT approves your application, you’ll receive a CoE. Use this to lodge your visa application with the Department of Home Affairs. Include proof of funds, OSHC, and GTE statement. Processing times vary, so apply early.
Ready to start your finance career? Explore RMIT’s Graduate Diploma in Finance and apply today. Use HeadStart Academy’s free tools to compare courses and find the right fit for Australia.
View the full Royal Melbourne Institute of Technology profile →
Graduate Diploma in Finance is a CRICOS-registered programme at Royal Melbourne Institute of Technology. Use this register extract [CRICOS register, Apr 2026] to cross-check codes, duration and indicative fees before you apply.
This page is general information only and not migration advice. Confirm Student visa (Subclass 500) requirements with the Department of Home Affairs.