Faculty of Commerce

Master of Commerce - Master of Applied Finance*

Testamur Title of Degree:

Master of Commerce
Master of Applied Finance (Banking/Investing/Managing)

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.