Master of Banking and Finance

2 Year On Campus Masters Program

Macquarie University

Program Overview

The Master of Banking and Finance is a practical, career-focused degree designed for students who want to build strong expertise for careers across banking, investments, corporate finance, risk management and financial services, including those with limited previous study in finance. Students develop knowledge in financial principles, quantitative analysis, econometrics, investments and financial institutions while tailoring the degree through specialist study aligned with their career interests.

Curriculum Structure

Year 1 – Building Core Financial Knowledge

In the standard two-year pathway, students first establish the analytical and financial foundations required for advanced banking and finance study through subjects such as Principles of Accounting, Principles of Finance and Econometrics and Business Statistics. These units develop an understanding of financial decision-making, accounting information, statistical analysis and economic data, preparing students to analyse financial markets and organisations more confidently.

Year 2 – Advanced Banking, Investment and Professional Practice

Students progress to advanced subjects including Banking and Financial Intermediation, Corporate Finance and Investments, applying financial theory to areas such as banking operations, investment decisions, corporate funding and financial risk. The curriculum also includes Current Issues in Banking and Finance and allows students to deepen their expertise through a specialisation such as Banking, FinTech, Financial Management or Sustainable Finance, alongside eligible postgraduate electives.

The degree can be completed in 1, 1.5 or 2 years full-time, depending on the student's previous qualifications, relevant study and professional experience; the curriculum above describes the standard two-year pathway.

Focus Areas

Learning Outcomes

Develop advanced and integrated knowledge of banking and finance; apply technical and professional financial skills; critically analyse complex financial issues; undertake independent research to solve contemporary banking and finance problems; collaborate effectively in diverse professional environments; adapt to changing financial markets; and apply ethical and sustainable practices within the banking and finance sector.

Professional Alignment (Accreditation)

Macquarie Business School is accredited by the Association to Advance Collegiate Schools of Business (AACSB), an international benchmark for business education that Macquarie states is held by only the top 6% of business schools worldwide. The university notes that its AACSB-accredited business courses are internationally recognised by employers and academic institutions for meeting high standards in teaching, research and curriculum.

Reputation (Employability & Rankings)

Macquarie University is ranked #126 globally and #11 in Australia in the QS World University Rankings 2027, and is within Australia's top 10 for graduate outcomes and employer reputation in the same ranking. For employability, Macquarie also reports being Sydney's #1 university for postgraduate employment, based on the QILT Graduate Outcomes Survey 2024, giving banking and finance students a strong environment for building career-ready skills and employer connections.

Experiential Learning (Research, Projects, Internships etc.)

At Macquarie University, the Master of Banking and Finance program is designed to provide students with a robust blend of theoretical knowledge and practical skills that are essential for success in the financial sector. The program emphasizes experiential learning, allowing students to engage in real-world projects, utilize cutting-edge technology, and collaborate with industry professionals. This hands-on approach not only enhances your understanding of banking and finance but also prepares you for the challenges of the industry.

Here are some of the key experiential learning opportunities and facilities available to you in this program:

- State-of-the-art Trading Room: Gain practical experience using industry-standard software and tools, including Bloomberg terminals, which are essential for financial analysis and trading.

- Group Projects: Collaborate with peers on real-world case studies and projects that simulate the challenges faced in the banking and finance sectors, fostering teamwork and problem-solving skills.

- Internship Opportunities: Benefit from connections with leading financial institutions and organizations, providing you with the chance to undertake internships that enhance your resume and professional network.

- Field Trips: Participate in excursions to financial institutions and corporate offices, giving you firsthand insight into the workings of the finance industry.

- Research Laboratories: Access dedicated research facilities where you can engage in projects that contribute to the field of banking and finance, supported by faculty expertise.

- Macquarie University Library: Utilize extensive resources, including databases, journals, and financial publications, to support your studies and research.

- Industry Partnerships: Leverage relationships with industry leaders and alumni who can provide mentorship, networking opportunities, and insights into current trends in banking and finance.

These experiential learning components are designed to ensure that you not only learn the theory but also apply it in practical settings, making you a well-rounded candidate for future employment in the finance sector.

Progression & Future Opportunities

Pursuing a Master of Banking and Finance at Macquarie University opens the door to a wealth of career opportunities in the financial sector. Graduates often find themselves in roles such as Financial Analyst, Investment Banker, Risk Manager, or Compliance Officer. With a strong foundation in banking and finance, you’ll be well-equipped to navigate the complexities of the financial world and make a significant impact.

Here’s how Macquarie University supports your journey towards a successful career:

- Career Services: The university offers tailored career support, including resume workshops, interview preparation, and networking events with industry professionals.
- Employment Statistics: Macquarie boasts an impressive employment rate, with over 90% of graduates securing employment within six months of graduation. The average starting salary for graduates in this field is around AUD 80,000, reflecting the high demand for skilled professionals.
- University–Industry Partnerships: Macquarie has established strong connections with leading financial institutions, such as Westpac and Macquarie Group, providing students with valuable internship opportunities and real-world experience.
- Long-term Accreditation Value: The program is accredited by professional bodies such as CPA Australia and CFA Institute, enhancing your qualifications and making you more competitive in the job market.
- Graduation Outcomes: Graduates from the Master of Banking and Finance program are highly regarded by employers, with many advancing to senior positions within just a few years of entering the workforce.

Further Academic Progression: After completing your Master’s degree, you may choose to further enhance your expertise by pursuing a PhD in Finance or related fields. This can lead to opportunities in academia, research, or high-level consultancy roles, allowing you to contribute to the advancement of knowledge in the financial sector. Additionally, you could consider obtaining professional certifications such as the Chartered Financial Analyst (CFA) designation, which is highly respected in the industry and can further elevate your career prospects.