Master of Banking and Finance (CRICOS course code 079580M) is a Masters Degree (Coursework) delivered by Monash University (Monash) over 2 years. This CRICOS-registered course is designed for students seeking advanced knowledge in banking and finance, covering areas such as financial markets, risk management, and investment analysis. As a coursework master's degree, it combines theoretical foundations with practical applications, preparing graduates for senior roles in the financial sector. Monash University, a government-owned institution (CRICOS 00008C), offers this program at multiple campuses in Victoria. International students benefit from Australia's ESOS Act protections, ensuring quality education and consumer rights. Whether you aim to work in banking, corporate finance, or fintech, this degree provides a comprehensive pathway. HeadStart Academy provides this information as a free resource, using data from the official CRICOS register (April 2026).
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The Master of Banking and Finance falls under the field of education '08 - Management and Commerce', specifically '0811 - Banking, Finance and Related Fields' (code 081101). At the AQF Level 9 (Masters Degree by Coursework), students develop advanced analytical and decision-making skills. Typical learning outcomes include the ability to critically evaluate financial theories, apply quantitative methods to financial problems, and assess risk in global markets. While specific syllabi vary, graduates are expected to demonstrate mastery of contemporary banking and finance concepts, including corporate finance, investment management, and financial regulation. This level of study also emphasizes research skills and ethical practice, preparing students for leadership roles or further academic pursuits such as a PhD.
This course has a CRICOS-registered duration of 2 years (104 weeks). It is delivered full-time in English. It is a single qualification (not a dual degree) and does not include a foundation studies component. The language of instruction is English, reflecting Monash University's commitment to accessible international education. As a coursework master's, students attend lectures, tutorials, and seminars, with assessment through exams, assignments, and projects. The 2-year duration allows for in-depth study and may include opportunities for industry engagement.
The indicative tuition fee for the Master of Banking and Finance is A$123,394. Non-tuition fees are listed as A$0 on the CRICOS register, but students should budget for incidental costs such as textbooks and equipment. The estimated total is A$123,394. However, this does not include Overseas Student Health Cover (OSHC), living costs, or the student visa application charge. Living costs in Victoria (Melbourne) are approximately A$21,041 per year (student visa financial capacity requirement), including housing, food, and transport. Always confirm current fees on Monash University's website: www.monash.edu.au. HeadStart Academy emphasizes that these figures are indicative and sourced from the CRICOS register as at April 2026, subject to change.
International students typically need an English proficiency test such as IELTS with an overall band score of 6.5 to 7.0. Additionally, applicants are expected to hold a bachelor's degree (AQF Level 7 or equivalent) in a relevant discipline, such as business, finance, or economics. Previous academic performance and work experience may also be considered. Foundation or pathway options are not listed for this course; students who do not meet entry requirements should consult Monash University for alternative pathways. HeadStart Academy recommends checking the institution's website for precise, up-to-date requirements.
This course does not include a mandatory work component. There is no internship or placement integrated into the curriculum. However, students may seek part-time employment during their studies under their student visa conditions. International students on a Student Visa (Subclass 500) can work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks. Work rights are subject to visa conditions and Department of Home Affairs policies.
Monash University delivers the Master of Banking and Finance at three locations in Victoria: 750 Collins St Docklands (Docklands), Monash Caulfield (Caulfield East), and Monash Clayton (Clayton). All are in the Melbourne metropolitan area. Melbourne is home to over 50 CRICOS-registered providers offering thousands of courses. The city has a vibrant student population, excellent public transport (trains, trams, buses), and a cost of living around A$21,041 per year for a single student. Each campus offers modern facilities, libraries, and student services. The Docklands campus is in the financial district, while Caulfield and Clayton are established university precincts.
International students must apply for a Student Visa (Subclass 500) to study this course. The visa requires Genuine Temporary Entrant (GTE) evidence, sufficient financial capacity (tuition + living costs + OSHC), and Overseas Student Health Cover (OSHC). OSHC covers medical services, hospital visits, and ambulance transport. As of 2025, single OSHC is around A$600–$700 per year. Work rights: up to 48 hours per fortnight during term, unlimited during breaks. Family members on accompanying visas may have work restrictions. HeadStart Academy is not a migration agent; consult a MARA-registered agent or the Department of Home Affairs for personal advice. ESOS Act protections ensure your rights as an international student.
Melbourne is Australia's second-largest city with over 5 million residents, including 250,000 international students. It consistently ranks as one of the world's most livable cities. For banking and finance students, Melbourne offers a thriving financial hub with major banks, fintech startups, and corporate headquarters. The cost of living is moderate: indicative weekly rent for a shared apartment is A$200–$350, groceries A$70–$100, and public transport A$50–$70. The city has excellent multicultural communities, world-class food, and arts scenes. However, consider the climate (temperate with four seasons) and the competitive job market. Victoria has over 400 CRICOS-registered providers, offering diverse options for networking and internships.
Follow these three steps to secure your place: 1. Research CRICOS-registered providers: Use HeadStart Academy or the official CRICOS register to confirm that Monash University (00008C) and this course (079580M) meet your goals. 2. Apply directly to your chosen institution: Submit your application through Monash University's online portal. Provide academic transcripts, English test scores (IELTS 6.5–7.0), and any required documents. Note application deadlines and intake dates (typically February and July). 3. Receive your Confirmation of Enrolment (CoE) and apply for your Student visa (Subclass 500): Once Monash issues your CoE, lodge your visa application through the Department of Home Affairs. Include OSHC, financial evidence, and GTE statement. Processing times vary; apply early.
Ready to start your journey? Use HeadStart Academy to explore more CRICOS-registered courses and compare providers. Visit Monash University's website to apply now.
Master of Banking and Finance is a CRICOS-registered programme at Monash University (Monash). 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.