Bachelor of Business (Economics and Finance)

What you'll study

This Bachelor Degree (AQF Level 7) falls under Field of Education 08 - Management and Commerce, specifically 081101 - Banking and Finance. Graduates typically gain skills in financial analysis, economic modelling, investment strategies, and business decision-making. While exact subjects are set by the provider, students can expect to cover micro and macroeconomics, corporate finance, econometrics, financial markets, and international trade. The course is taught in English, requiring strong proficiency. Practical skills such as data interpretation and risk assessment are emphasised, preparing students for the global finance sector. RMIT is a government university known for its industry connections and work-integrated learning approaches. Note that this course does not include a mandatory work component, but students may seek part-time work under student visa conditions.

Duration and study mode

According to the CRICOS register, the Bachelor of Business (Economics and Finance) has a duration of 3 years (156 weeks). It is a single qualification—no dual degree or foundation studies. The language of instruction is English. Students are expected to enrol full-time to maintain their student visa. RMIT may offer flexible study modes such as on-campus or blended learning; check directly with the provider for the latest delivery options. The course is not a VET program (no national code). International students must account for the course duration when planning their visa and financial capacity.

Fees (indicative)

Tuition fees are set by Royal Melbourne Institute of Technology and are indicative as per the CRICOS register. For this course, the total tuition fee is A$141,120 over 3 years. Non-tuition fees (e.g., materials, services) are estimated at A$1,119. The estimated total cost is A$142,239. These figures do not include Overseas Student Health Cover (OSHC), living expenses, or the visa application charge. Melbourne's cost of living is around A$1,700–2,000 per month for accommodation, food, and transport. Always confirm current fees on RMIT's official website at www.rmit.edu.au. Fees are subject to change and vary by intake.

Entry requirements (general guidance)

For international students, RMIT typically requires an overall IELTS score of 6.0–6.5 with no band below 5.5–6.0 (or equivalent English test results). Applicants should have completed Australian Year 12 or an equivalent overseas qualification. Prior study in mathematics or economics is advantageous. Foundation or pathway programs may be available for students who don't meet direct entry—contact RMIT for options. Meeting minimum entry does not guarantee admission; the provider assesses each application. Always check the specific entry requirements for your country on RMIT's website.

Work component

This course does not include a mandatory work component. However, student visa holders (Subclass 500) can work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks. Work must not interfere with study. Some students choose to undertake internships or placements independently. Note that work rights are subject to visa conditions and may change—always refer to the Department of Home Affairs for current rules.

Delivery locations

The course is delivered at RMIT University - 124 Latrobe Street, Melbourne, VIC 3000. Melbourne is Australia's second-largest city with a diverse student population of over 200,000 international students. The city has more than 50 CRICOS-registered providers offering business degrees. Public transport is excellent—the campus is well-served by trams, trains, and buses. Living costs in Melbourne are moderate: rent averages A$250–350 per week for shared accommodation, groceries around A$80–120 per week, and transport about A$50 per week. RMIT's central location provides access to major financial districts and networking opportunities.

Student visa

To study this course, you need a Student visa (Subclass 500). Key requirements: genuine temporary entrant (GTE) declaration, sufficient financial capacity to cover tuition, living costs, and OSHC. OSHC is mandatory for student visa holders—typical costs are A$500–600 per year for single cover. Work rights: 48 hours per fortnight during term, unlimited during breaks. You must maintain enrolment in a CRICOS-registered course and attend classes. Always consult a registered migration agent (MARA) or the Department of Home Affairs for personalised advice. HeadStart Academy does not provide immigration advice.

Why study Business and Finance in Melbourne?

Melbourne is consistently ranked as one of the world's most liveable cities and is a hub for finance and business. With over 50 CRICOS-registered providers offering business courses, including several Group of Eight universities, students have ample choice. The city's economy is diverse, with strong sectors in banking, insurance, and corporate services. Studying here allows you to network with industry professionals and access internships. The cost of living is competitive compared to Sydney, and public transport is affordable. Melbourne's multicultural environment also makes it welcoming for international students. When choosing a course, consider provider reputation, location, and course content. This Bachelor of Business (Economics and Finance) at RMIT combines theoretical rigour with practical application.

Ready to start your journey? Research CRICOS-registered providers and apply directly to RMIT. Use HeadStart Academy as your free guide—no fees, trusted data from the official CRICOS register.

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