Australia is a good destination for studying finance. This is because of the thriving financial sector that Australia has. As a result, this gives room for a wide range of job opportunities and pathways in this career path. Studying finance in Australia will equip you with the right skills and knowledge that will prepare you for a thriving career in finance. You will gain a good grasp of soft skills as well as technical skills that are useful in this field. Additionally, Australia is recognised for its academic excellence globally. Therefore, the certificate you acquire at this university will be useful in any location around the world.

Studying finance in Australia can bring a big shift in your career. However, you must have the requirements and qualifications that are needed by the university you are applying to. Additionally, you need to make sure that you are eligible to study at that university.

This piece contains the list of requirements and qualifications that are needed for studying finance in Australia.

Requirements to Study Bachelor’s of Finance in Australia

  1. Complete your Secondary Education

    You must have completed your secondary education before you can study finance in Australia. Additionally, you should have a strong foundation in subjects such as mathematics, accounting and English in your high school results. Therefore, you must have completed 12 years of education or equivalent. However, this can differ across universities in Australia.

  2. English Proficiency Test

    You must write an English Language proficiency test if English is not your first language. Additionally, you must show proof of your English proficiency test. It can be tests such as IELTS, or TOEFL. This test can vary based on the university you apply to. Additionally, each school will have the minimum score you should have in the English test. The minimum score for IELTS is 6.0.

  3. Have Academic Transcripts

    You must submit an academic transcript of your previous education. This transcript must contain all your courses and grades that you have studied. Additionally, this transcript must be an official one and it must be written in English.

  4. Have Reference Letters

    You must submit at least two reference letters during your application. This reference letter should be from a teacher or an employer. Therefore, reference letters from friends or family will be rejected.

  5. Personal Statement

    Some schools in Australia may require you to write a personal statement. This is an essay that explains why you want to study finance in Australia and your career plans. Additionally, you should check the school’s website to know the amount of words that you need to write in your essay.

Requirements to Obtain a Masters in Finance in Australia

  1. Obtain a Bachelor’s Degree

    You must have a bachelor’s degree before you can study master’s in finance in Australia. This bachelor’s degree must be a 4-year program from a recognised university. Additionally, this bachelor’s degree must be in a business administration field or a related field. You can have a bachelor’s degree in fields such as finance, commerce or business. Additionally, you must submit your academic transcript showing all the grades and courses you offered.

  2. Write the GMAT or GRE

    You will be required to write a GMAT or GRE before you get admitted to study finance in Australia. Additionally, each university has an average score for each of these tests. Therefore, you should make sure that you meet the eligible score for these tests.

  3. English Proficiency Test

    You must write an English Language proficiency test if English is not your first language. Additionally, you must show proof of your English proficiency test. The minimum score for IELTS is 6.5. However, the test and test scores can vary depending on your country and Australian university.

  4. Write a Statement of Purpose

    You must write a statement of purpose explaining your qualifications, your plans as well as the reason for choosing to study finance in Australia. Additionally, this essay must be 1-2 pages long.

  5. Letters of Recommendation

    You must submit at least three recommendation letters during your application. These letters must be obtained from an employer or a previous lecturer. Therefore, recommendation letters from a friend or family will be rejected.

  6. Submit your CV

    Your CV should contain all the relevant work experiences as well as all the relevant certifications you have in this field.

How to Apply

You can apply to study finance in Australia through the university’s website. Additionally, you need to go through the school’s website and verify the requirements needed by your school of interest. Therefore, you can apply for the undergraduate program as well as the postgraduate degree.

Duration

The duration for studying finance in Australia can vary based on the program of your choice and the University. The Undergraduate program that will offer a bachelor’s degree lasts for a minimum of 3-4 years of full-time study. However, a postgraduate program that will offer a master’s degree takes 1 to 2 years of full-time study.

Tuition Fee

The tuition fee for studying finance in Australia varies based on each University and the program. Overall, the average tuition fee for the bachelor’s program is 20,000 AUD to 80,000 AUD annually. Additionally, the average tuition fee for a master’s program is 63,000 to 96,000 AUD. However, international students will be required to pay higher than this for both programs.

Universities in Australia that Offer Finance

  1. Australian National University, Canberra
  2. University of New South Wales, Sydney
  3. University of Melbourne, Melbourne
  4. Monash University, Clayton
  5. University of Sydney, Sydney
  6. University of Queensland, St Lucia
  7. Macquarie University, Sydney
  8. University of Technology Sydney, Sydney
  9. University of Western Australia, Crawley
  10. Queensland University of Technology, Brisbane
  11. Griffith University, Brisbane
  12. Deakin University, Geelong
  13. University of Adelaide, Adelaide
  14. University of Wollongong, Wollongong
  15. Curtin University, Perth
  16. RMIT University, Melbourne
  17. La Trobe University, Melbourne
  18. University of South Australia, Adelaide
  19. University of Newcastle, Callaghan
  20. Western Sydney University, Penrith
  21. University of Tasmania, Hobart
  22. Swinburne University of Technology, Hawthorn
  23. Flinders University, Adelaide
  24. University of New England, Australia, Armidale
  25. James Cook University, Townsville
  26. Bond University, Gold Coast
  27. University of Southern Queensland, Toowoomba
  28. University of Canberra, Canberra
  29. Edith Cowan University, Joondalup
  30. Victoria University, Melbourne
  31. Murdoch University, Murdoch
  32. Central Queensland University, North Rockhampton
  33. Southern Cross University, Lismore
  34. Charles Sturt University, Bathurst
  35. Federation University Australia, Ballarat
  36. University of the Sunshine Coast, Sippy Downs
  37. Australian Catholic University, North Sydney
  38. Charles Darwin University, Darwin
  39. University of Notre Dame Australia, Fremantle

In Conclusion, studying finance in Australia can come with effective screening procedures for most universities. Therefore, you must make your plans ahead and prepare every necessary document that is required. Additionally, you must confirm via the school’s website before applying. Finally, if you have any further questions or need assistance, please contact us.

Good luck!

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