Master of Applied Finance

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Overview

Pursuing a career in Finance can be a challenging yet rewarding career. A Master of Applied Finance from the University of Newcastle will equip you with the knowledge and skills you need to become a leader in the global business environment. This program will provide graduates with superior financial knowledge opening up a range of career opportunities.

The Master of Applied Finance program offered by the University of Newcastle is suitable for professionals looking to add a finance specialisation to their qualifications or employment experience. The program of study is focused on developing high-level analytical skills that are relevant across the finance sector, and can also be used to inform decision making across other areas of business. Master of Applied Finance students are armed with the technical knowledge and practical skills required to succeed in finance.

The Master of Applied Finance is one of the few programs that recognises relevant professional experience and may result in credit being granted for up to four courses. This means you could complete your Masters in 8 courses! To learn more about what your professional experience can provide you with please visit the Professional Credit section.

The University of Newcastle provides flexible study options. Courses are run in trimesters and students are provided with an opportunity to study at a pace which suits their personal and professional lives.

Domestic Student Program and Fee Summary
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Note: This Program and Fee Summary is intended to provide an overview of the Program Requirements. It is the prospective student’s responsibility to investigate the Program and Enrolment Terms and Conditions carefully prior to applying.

Program Intake
  • Trimester 1
  • Trimester 2
  • Trimester 3
Tuition Fees
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Note: Fees are indicative and may be subject to annual increase. Overall program fee may vary based on course selection.

Please click here to view program course fees.

Number of Courses
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Note: 1 course is equal to 10 units of study.

8 - 12 depending on professional experience (RPL)

Program Code

12374

View full program details

International Student Program and Fee Summary
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Note: This Program and Fee Summary is intended to provide an overview of the Program Requirements. It is the prospective student’s responsibility to investigate the Program and Enrolment Terms and Conditions carefully prior to applying.

Program Intake
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Note: Trimester 2 is the only intake for 2016. Current students will not be affected.

  • Trimester 2
Tuition Fees
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Note: Fees are indicative and may be subject to annual increase. Overall program fee may vary based on course selection.

Please click here to view program fees.
Number of Courses
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Note: 1 course is equal to 10 units of study.

8 - 12 depending on professional experience (RPL)
CRICOS

083518E

Program Code

12374

View full program details

Interested in this program?

Applications Close

Monday, 22nd August 2016

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Call 1800 882 121

Outside Australia call +61 2 4921 6595

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Is It For You?

Are you looking to establish or further your career in finance? In the competitive and fast paced world of finance, employers are looking for highly qualified candidates. Achieving a Master of Applied Finance will demonstrate your ability and dedication, and increase your employability for financial management positions.

The Master of Applied Finance focuses on developing a deeper knowledge and skills relating to the operation of financial markets, financial risk management and corporate treasury strategies. You will acquire knowledge of key institutions within the finance industry, develop analytical skills for the evaluation of investment opportunities, and gain an understanding of derivative instruments.This postgraduate qualification can be the key to your future career success.

The Master of Applied Finance has been strategically developed to build a conceptual understanding of key issues in finance, while providing students with the opportunity to develop practical skills by applying their knowledge to real-world problems. This program will improve your career potential, while providing you with the flexibility to study at a pace that suits the demands of your life.

Upon graduation you will have a comprehensive understanding and ability to analyse financial data and operate in the world of finance - a key to business success in both the public and private sectors.

Career Opportunities

The Master of Applied Finance is a thorough qualification that provides graduates with the fundamental understanding and practical skills to operate in the financial services sector. With your enhanced knowledge and capabilities, you will be able to produce high quality financial analysis; a commodity in demand in the current business environment.

The theory and financial management skills you have acquired through the Master of Applied Finance will equip you with the ability to handle complex situations. This knowledge can increase your value as an employee and see you fast-track to senior positions, increase your salary potential and advance your career.

The Master of Applied Finance is accredited by the Australian Securities and Investments Commission (ASIC) and prepares graduates for a challenging but highly rewarding career in financial services and managerial finance. The program equips students with essential analytical skills and financial management expertise to pursue a career in financial planning, securities analysis, stock brokering, funds management, banking and foreign exchange management just to name a few. This knowledge and skills underpin roles including:

  • Business Analyst
  • Business Relationship Manager
  • Finance Manager
  • Financial Analyst
  • Financial Planner
  • Investment Banker
  • Management Consultant
  • Portfolio Analyst
  • Stockbroker

Professional Credit

On Your Terms

Do you have qualifications or experience beyond the minimum entry requirements for a Masters Degree? If so, you may be able to complete your degree in reduced time and at reduced cost.

The Newcastle Business School will consider your relevant professional experience and you could reduce your study by up to a third! Recognition of Prior Learning (RPL) may result in credit granted for up to four courses.

RPL may be granted to you when you demonstrate competencies aligned to the learning outcomes of selected courses. You can do this as part of your application by providing a statement and supporting documentation outlining relevant business or organisational experience.

Please refer to the learning outcomes for each course below and additional instructions on how to apply to have your professional experience assessed for credit.

Managing Under Uncertainty

Learning Outcomes - GSBS6001 Managing Under Uncertainty

  • Explain how human behavioral and social factors influence decision-making in organisations
  • Use relevant sources to construct and support a written academic argument
  • Critically evaluate the limitations of rational decision-making process models applied in organisations
  • Demonstrate ability to reflect on own decision-making in an organisational setting, as well as the decision-making of others.

Foundations of Business Analysis

Learning Outcomes - GSBS6002 Foundations of Business Analysis

  • Communicate the importance of evidence-based decision-making in a business or organisational setting
  • Demonstrate an ability to identify important issues or problems within a business or organisation, and design an appropriate research project to investigate
  • Develop skills in collecting and analysing data, using a range of techniques
  • Explain how the outcomes of research can be used to solve complex business or organisational problems
  • Demonstrate ability to effectively communicate research findings in writing.

Corporate Finance

Learning Outcomes - GSBS6130 Corporate Finance

  • Appreciate the importance of finance and risk in personal/business decisions
  • Communicate with clarity the investment, financing and dividend decision processes of the firm
  • Demonstrate an understanding of the role cash flow estimates and analysis have in these decision processes
  • Utilise financial mathematical models to solve investment problems
  • Display an understanding of capital asset pricing model
  • Identify the basic instruments of corporate funding and have an elementary understanding of the issues underlying capital structure theory and practice
  • Demonstrate an understanding of the concept of risk management and its importance to management.

Accounting and Financial Management

Learning Outcomes - GSBS6200 Accounting and Financial Management

  • Demonstrate knowledge of the main principles behind the preparation and interpretation of financial statements
  • Analyse the cash flow, financial performance and financial position of a business using published financial statements
  • Explain the ways in which accounting contributes to financial management and apply this knowledge
  • Apply cost-volume-profit analysis
  • Apply cost accounting concepts in management decision making
  • Construct and analyse budgets
  • Demonstrate knowledge of the application of capital budgeting methods and describe the sources of financing.

Applying for Professional Credit

Applicants must be able to demonstrate that they have achieved these learning outcomes (for one or more of the courses listed above), through education and/or experience ABOVE the minimum requirements for direct admission to the Master of Applied Finance.

A completed RPL application form and supporting documentation should be submitted along with your application for admission:

OPTION 1 – For students applying directly online at www.gradschool.edu.au/apply

OPTION 2 – International students wishing to study on campus at the University of Newcastle.

  • RPL application and supporting documentation should be emailed with your application for admission to ia@newcastle.edu.au

NOTE: If you have previous completed postgraduate educational qualifications (Graduate Certificate, Graduate Diploma or Masters), you should apply for direct credit.

Get Started

Applying to the University of Newcastle has never been easier! For most programs, you can complete an easy, online application form. Applying only takes around 10 minutes, and there is no fee for direct applications. You can upload all of your certified supporting documentation online. Below is an overview of what is required. You should prepare any required documentation before commencing the online application. If you have questions about the application process or the requirements for your program, please contact us. When you are ready, begin your application. 

Admission to the Master of Applied Finance program is available to applicants who can demonstrate a suitable combination or education and/or work experience. The table below outlines the number of years experience required, depending on your previous educational qualifications.

 

Educational Qualification Number of years relevant industry experience
3 Year Bachelors (in a related field of study) Zero
3 Year Bachelors (in a non-related field of study) One
No previous educational qualifications Seven (including 2 in a management position)

 

Don’t have the required entry criteria for the Master of Applied Finance? You may be eligible for admission into the Graduate Certificate in Applied Finance. The Graduate Certificate is 4 courses and is a pathway into the Master. Once you have completed the Graduate Certificate you can apply for the Master of Applied Finance and seek credit for the 4 courses you have already completed. 

For information regarding the Graduate Certificate in Applied Finance please visit the program page.

If you would like your professional qualifications and/or work experience to be considered, please provide certified copies of all relevant qualifications, a detailed CV, and a statement of service or signed letters from employers confirming your role, duties and period of employment.

Applicants should also provide a statement detailing how your professional experience prepares you to undertake postgraduate study.

PLEASE NOTE: All applications for recognition of prior learning based on experience and professional development will be assessed by the program convenor. The information outlined above is indicative only.

If you do not have a University of Newcastle Student Identification number, or wish to include details of studies completed at another institution, you may also be required to submit the following:

Identification Documents

If you do not already have a University of Newcastle Student Number, you must provide 100 points of ID. You must supply either a copy of your passport, birth certificate or you citizenship certificate as part of your 100 points.

70 Points Passport
Birth Certificate (not extract)
Citizenship Certificate
40 Points Current Australian Drivers Licence
Student Identification card issued by an educational institution
Pension or Government Health Care Card or Public Service ID Card
Government Issued Licence (eg boat, pilot)
University staff photo identification card
35 Points Letter from a current employer * Must be on official company letterhead and contain both the employer and employee’s signatures and the name and address of the employee
25 Points Medicare card / Credit card
Financial institution cash card or passbook
Council rates notice
Electricity, gas or telephone bill
2 Tax assessment notice
Foreign Driver's Licence
Membership card (e.g. club, union, trade/professional body, library, video library)
Rental receipt or statement from landlord or real estate agent
Marriage certificate
Divorce decree
Name and address verified from electoral role
Deed Poll registered with the relevant authority

Citizenship and Visa Details

Applicants who were born overseas and are now residing in Australia will need to provide details of their citizenship, residency and visa details.

  • If you were born overseas and have gained Australian citizenship, you will need to provide a certified copy of your Australian passport or citizenship certificate.
  • If you were born overseas and currently hold an Australian visa, you need to confirm your details of your visa type/class, and provide a copy of your visa. Depending on how your visa was issued, you may provide a copy of the page from your passport showing the visa stamp, or a copy of the Department of Immigration confirmation of your electronic visa. If you do not have access to either of these documents, please include a copy of your passport.

Applicants who were born overseas and are now residing in Australia will need to provide details of their citizenship, residency and visa details.

  • If you were born overseas and have gained Australian citizenship, you will need to provide a certified copy of your Australian passport or citizenship certificate.
  • If you were born overseas and currently hold an Australian visa, you need to confirm your details of your visa type/class, and provide a copy of your visa. Depending on how your visa was issued, you may provide a copy of the page from your passport showing the visa stamp, or a copy of the Department of Immigration confirmation of your electronic visa. If you do not have access to either of these documents, please include a copy of your passport.

Educational Qualifications

If you are applying for admission on the basis of studies completed at an institution other than the University of Newcastle, you will need to provide certified copies of official transcripts.

For each qualification that you list on your application, you must provide a certified copy of your transcript.

Overseas educational qualifications will be assessed for equivalence according to standards provided by the National Office of Overseas Skills Recognition.

Evidence of English Proficiency

All applicants, whether domestic or international, for admission to any University of Newcastle program must provide evidence that their English language ability meets the minimum requirements for admission. Applicants should review the University of Newcastle English Proficiency Policy

Typically, applicants will provide certified copies of one of the following documents:

  • International English Language Testing System (IELTS) or Test of English as a Foreign Language (TOEFL) results.
  • Evidence of previous studies undertaken overseas in an English Speaking country
  • Evidence of previous studies undertaken in English in a non-English speaking country, and confirmation from institution that studies were conducted and examined solely in the English language.

If you are not able to provide these documents, please provide details of any employment undertaken in an English speaking environment. Your application will be reviewed and we contact you regarding your options for demonstrating English proficiency.

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Courses and Details

Program Code 12374
Graduate Level Postgraduate Coursework
Locations
  • Newcastle (City Precinct)
  • On Campus + Online
  • Sydney Elizabeth Street
CRICOS Code 083518E
Contributing Schools and Faculties
Admission Instructions:

How to apply as a:

Program Award Rules and Schedules
Mode of delivery Combination of Online and Face to Face + Face to Face
Program Plans

Description

The Master of Applied Finance provides graduates from diverse undergraduate disciplines with training and analytical skills in finance. Students will gain core financial management skills, an understanding of Australian and international financial markets, knowledge of derivative assets and markets, analytical skills for interpreting and analysing developments in finance practice, and applied knowledge of various specialised aspects of the finance industry.

Admission Requirements

There are two pathways into the Master of Applied Finance.

Direct entry into the Masters Program (120 units) will be available for applicants who have:

  • 3 year Bachelors Degree in the discipline; or
  • 3 year Bachelors Degree not in the discipline + 1 year relevant business experience; or
  • At least 7 years business experience, including 2 years in a management position.

Students entering via this pathway are able to complete 4 courses per trimester, and are able to complete courses in any sequence they wish, that is consistent with course prerequisites. Applicants with an Honours degree in the cognate area or equivalent relevant qualifications at level 8 or above will be given appropriate recognition of prior learning.

The alternate pathway is through the Graduate Certificate (40 units) which will be available for applicants who have:

  • 3 year Bachelors Degree not in the discipline; or
  • 3 year Diploma in the discipline; or
  • 3 year Diploma not in the discipline + 1 year relevant business experience; or
  • 2 year Diploma in the discipline + 2 years relevant business experience; or
  • 2 year Diploma not in the discipline + 3 years relevant business experience; or
  • At least 5 years business experience.

Students entering via this pathway will be required to:

  • Complete the Graduate Certificate over a minimum of two trimesters (typically 20 units per trimester); and
  • Successfully complete a Business Academic Skills Program (BASP) which will be of 6 weeks duration.  The BASP will be non-fee based and can be completed concurrently with courses in the Graduate Certificate.

Only after the successful completion of the Graduate Certificate and the academic skills program will students be eligible to formally enrol in the Masters Program.

Minimum English Language Proficiency Requirements

Applicants who do not speak English as a first language must demonstrate that they meet the University's English proficiency requirement. Further information regarding English language proficiency requirements can be found at the English Language Proficiency for Admission Policy at http://www.newcastle.edu.au/about-uon/governance-and-leadership/policy-library/document?RecordNumber=D15/15438

Requirements and Structure

The Master of Applied Finance requires completion of twelve courses (120 units): ten core courses (100 units) and two courses (20 units) from Directed Courses.

Grading of Degree

A Master degree shall be conferred as an Ordinary Degree, except that, in cases where a candidate has achieved a Grade Point Average of 6.0 or above, the degree will be conferred ‘With Distinction’.

Course Information

Core Courses

Complete the following core courses to fulfil the requirements of this program.

Code Name Availability Units
GSBS6001 Managing Under Uncertainty Trimester 1 - 2016 (Singapore) (Singapore)
Trimester 1 - 2016 (City Precinct)
Trimester 1 - 2016 (Sydney Elizabeth Street)
Trimester 1 - 2016 (GradSchool)
Trimester 2 - 2016 (City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (GradSchool)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
Trimester 3 - 2016 (GradSchool)
10 units
GSBS6002 Foundations of Business Analysis Trimester 1 - 2016 (Singapore) (Singapore)
Trimester 1 - 2016 (City Precinct)
Trimester 1 - 2016 (Sydney Elizabeth Street)
Trimester 1 - 2016 (GradSchool)
Trimester 2 - 2016 (City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (GradSchool)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
Trimester 3 - 2016 (GradSchool)
10 units
GSBS6200 Accounting and Financial Management Trimester 1 - 2016 (Singapore) (Singapore)
Trimester 1 - 2016 (City Precinct)
Trimester 1 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (GradSchool)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6130 Corporate Finance Trimester 1 - 2016 (City Precinct)
Trimester 1 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (GradSchool)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6140 Investment Analysis Trimester 2 - 2016 (City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6144 Financial Institutions Management Trimester 1 - 2016 (City Precinct)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6142 Derivatives and Risk Management Trimester 2 - 2016 (City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6145 International Financial Management Trimester 2 - 2016 (City Precinct)
Trimester 2 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6143 Applied Portfolio Management Trimester 2 - 2016 (City Precinct) 10 units
GSBS6506 Financial Statement Analysis Trimester 1 - 2016 (City Precinct)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
10 units

Directed Courses

Choose 20 units from the following directed courses.

Code Name Availability Units
GSBS6150 Individual Financial Planning Trimester 1 - 2016 (City Precinct)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
10 units
GSBS6410 Economics of Competitive Advantage Trimester 1 - 2016 (Singapore) (Singapore)
Trimester 2 - 2016 (City Precinct)
Trimester 3 - 2016 (GradSchool)
10 units
GSBS6484 Corporate Governance and Social Responsibility Trimester 1 - 2016 (Singapore) (Singapore)
Trimester 1 - 2016 (City Precinct)
Trimester 1 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (Sydney Elizabeth Street)
Trimester 2 - 2016 (GradSchool)
Trimester 3 - 2016 (City Precinct)
Trimester 3 - 2016 (Sydney Elizabeth Street)
10 units

Additional Information

All students can access additional learning development mechanisms provided by the Centre for Teaching and Learning at http://www.newcastle.edu.au/current-staff/teaching-and-research/teaching-resources/supporting-students

Aboriginal and Torres Strait Islander students can draw on the assistance and support provided by the Indigenous Student Support and Development service through The Wollotuka Institute.

Professional Accreditation

Additional Requirements

This program meets the RG146 knowledge and skills requirements of the Australian Securities and Investments Commission (ASIC) in the following areas: Financial Planning, Securities, Derivatives, Managed Investments, Foreign Exchange, Superannuation, Deposit products and non-cash payment facilities, Generic Knowledge and Skills. Students wishing to gain ASIC RG146 compliance need to complete the courses listed below: GSBS6140 Investment Analysis GSBS6142 Derivatives and Risk Management GSBS6143 Applied Portfolio Management GSBS6144 Financial Institutions Management GSBS6145 International Financial Management GSBS6150 Individual Financial Planning

Why study with us?

The Master of Applied Finance focuses on developing a deeper knowledge and skills relating to the operation of financial markets, financial risk management and corporate treasury strategies. You will gain an understanding of derivative instruments, develop analytical skills for the evaluation of investment opportunities, and acquire knowledge of key institutions within the finance industry.This postgraduate qualification can be the key to your future career success.

Credit Transfer

If you wish to apply for credit for studies completed at another institution, or if you are changing programs within the University and wish to transfer your credit to the new program, go to http://www.newcastle.edu.au/service/credit-transfer/ and click on ‘How to Apply for Credit’.

International Students

All International Students enrolled in the program will be provided with an orientation to familiarise them with the rules, expectations, facilities and services offered by the University. Please visit http://www.newcastle.edu.au/international/while-you-are-here/orientation to find out more about the support services available to international students.

International students will be supported by the University and the Newcastle Business School’s current support mechanisms.  Students studying offshore will be supported by staff travelling overseas to approved locations to provide intensive face to face instruction.

Special Needs

Domestic students with a disability or chronic illness will have their needs met by the NBS in liaison with the Student Support Unit. Aboriginal and Torres Strait Islander students will draw on the assistance and support provided by the Indigenous Higher Education Centre, Umulliko. Students from rural and isolated areas and those from socio-economically disadvantaged backgrounds will be supported through existing University support structures.

Study a Language

All domestic students can now enrol in an undergraduate Diploma in Languages alongside their main degree program. This diploma will enhance proficiency in another language or languages, and will increase international career opportunities. Subject to course availability, this additional program will generally add an extra year to studies, and students will graduate with a Diploma in Languages as well as their other degree. Please note that all language courses are held on campus (face to face) at Callaghan.

International students cannot enrol concurrently in the Diploma in Languages alongside their primary program unless they can complete both programs within the duration of their primary program CoE. For more information please contact the ESOS Student Compliance Unit ESOS@newcastle.edu.au.

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