Master of Commerce - Master of Applied Finance*
Testamur Title of Degree: |
Master of Commerce |
Abbreviation: |
MCom-MAppFin |
Home Faculty: |
Commerce |
Duration: |
2 years or part-time equivalent |
Total Credit Points: |
84 |
Delivery Mode: |
On Campus |
Starting Session(s): |
Autumn/Spring |
Location: |
Wollongong |
UOW Course Code: |
1588 |
CRICOS Code: |
061860F |
*Please note that this course is currently under review and there may be changes for students commencing from Spring Session 2009. Please contact the Faculty for further information.
Overview
This double degree program allows students to undertake complementary study in related fields and gives them the opportunity to develop generalist business skills in commerce and expertise in applied finance.
The Master of Commerce is ideal for those who want to change their career to the commerce sector. Businesses and industries today are looking for graduates who have a broad commerce perspective and this course provides the fundamental skills which will allow non-Commerce graduates to obtain a qualification in preparation for a career in either small or large scale business contexts.
The Master of Applied Finance is designed for business graduates who wish to substantially develop their advanced, applied and comprehensive knowledge of either banking, investing or managing at the graduate level. The core part of the program provides students with an advanced understanding of financial decision-making in one of three areas. The banking specialisation has a focus on bank management and lending, the investing specialisation addresses investment analysis and portfolio management, and the managing specialisation is concerned with the financial decisions made by corporate managers.
Entry Requirements / Assumed Knowledge
Applicants must have a Bachelor degree from a recognised tertiary institution or equivalent.
Professional Recognition
The Master of Applied Finance (Banking/Investing/Managing) is recognised by the Financial Services Institute of Australasia (FINSIA) and is recognised by CPA Australia as a Specialist Masters Degree.
Course Program
Students will undertake 48 credit points (8 subjects) from the Master of Commerce schedule plus a further 36 credit points (6 subjects) from the Master of Applied Finance schedule as listed below:
Subjects |
Session |
Credit Points | ||
Master of Commerce | ||||
Year 1 | ||||
ACCY901 |
Accounting Foundations For Professionals |
Autumn/Spring |
6 | |
ECON910 |
Economics for Professionals |
Autumn/Spring |
6 | |
MARK922 |
Marketing Management |
Autumn/Spring |
6 | |
MGMT901 |
Fundamentals of Management |
Autumn/Spring |
6 | |
Plus EITHER | ||||
FIN922 |
Investment Management |
Autumn |
6 | |
AND | ||||
FIN924 |
Financial Statement Analysis for Business |
Autumn |
6 | |
OR | ||||
FIN923 |
Portfolio Management |
Spring |
6 | |
AND | ||||
FIN926 |
Advanced Managerial Finance |
Spring |
6 | |
AND |
two (2) Commerce 900-level subjects (excluding subjects contained in the Master of Applied Finance schedule apart from those listed above) |
|||
Master of Applied Finance (Banking) | ||||
Year 2 |
||||
LAW970 |
Banking and Financial Institutions Law |
Autumn |
6 | |
FIN925 |
Banking Theory and Practice |
Autumn |
6 | |
FIN955 |
International Banking |
Spring |
6 | |
FIN956 |
Bank Lending and Securities |
Spring |
6 | |
Plus two (2) electives selected from the following: |
||||
FIN927 |
Entrepreneurial Finance |
Autumn |
6 | |
STAT920 |
Stochastic Methods in Finance |
Autumn |
6 | |
FIN928 |
Multinational Financial Management |
Spring |
6 | |
FIN957 |
Portfolio Simulation |
Spring |
6 | |
ECON940 |
Statistics for Decision Making |
Spring |
6 | |
Master of Applied Finance (Investing) | ||||
FIN957 |
Portfolio Simulation |
Spring |
6 | |
Plus five (5) electives taken from the following: |
||||
LAW970 |
Banking and Financial Institutions Law |
Autumn |
6 | |
FIN925 |
Banking Theory and Practice |
Autumn |
6 | |
FIN927 |
Entrepreneurial Finance |
Autumn |
6 | |
STAT920 |
Stochastic Methods in Finance |
Autumn |
6 | |
FIN955 |
International Banking |
Spring |
6 | |
FIN956 |
Bank Lending and Securities |
Spring |
6 | |
FIN928 |
Multinational Financial Management |
Spring |
6 | |
ECON940 |
Statistics for Decision Making |
Spring |
6 | |
Master of Applied Finance (Managing) | ||||
FIN927 |
Entrepreneurial Finance |
Autumn |
6 | |
FIN928 |
Multinational Financial Management |
Spring |
6 | |
Plus four (4) electives taken from the following: |
||||
LAW970 |
Banking and Financial Institutions Law |
Autumn |
6 | |
FIN925 |
Banking Theory and Practice |
Autumn |
6 | |
STAT920 |
Stochastic Methods in Finance |
Autumn |
6 | |
FIN955 |
International Banking |
Spring |
6 | |
FIN956 |
Bank Lending and Securities |
Spring |
6 | |
FIN957 |
Portfolio Simulation |
Spring |
6 | |
ECON940 |
Statistics for Decision Making |
Spring |
6 |
Students who hold a recognised degree in business or commerce may be permitted to substitute the core subjects in the Master of Commerce with other subjects approved by the course coordinator.
Other Information
Students intending to study the Master of Applied Finance (Investing) or (Managing) are advised to seek academic advice prior to enrolling in subjects.