Masters in Accounts & Finance in Australia: Top Universities, Courses, Cost, Requirements, Eligibility & Scholarships

Australia is emerging as one of the leading study-abroad destinations,  currently hosting over 610,000 international students, including more than 120,000 Indians in 2025. Finance is one of the most demanded disciplines, driven by globally ranked business schools, practical industry exposure, and excellent post-study work opportunities. 

The cost of studying Masters in Finance in Australia ranges between AUD 35,000 (INR 20L) and AUD 65,000 (INR 37L) per year, depending on the globally ranked university and specialization. With over 40 universities offering finance-related master’s programs, students benefit from study in Australia, through its strong financial services sector, which contributes nearly $140 billion annually to the economy and employs hundreds of thousands of professionals. 

In the sections ahead, we will cover top universities, eligibility, tuition fees, scholarships, cost of living, career scope, and everything you need to know about pursuing a Master’s in Finance in Australia. 

Which are the top universities for Masters in Finance in Australia?

Australia consistently ranks among the top 5 study-abroad destinations globally, with more than 36 Australian universities featured in the QS World University Rankings 2026. The Australian universities are well-regarded for their strong research output, global faculty, and links with major financial institutions. 

Looking for budget-friendly options? Check out our guide on the Cheapest Universities in Australia for International Students to save on tuition without compromising on quality. 

Top 10 Universities in Australia for Masters in Finance 

Public universities are at the forefront of finance education, contributing to over 70% of international student enrolments in Australia. These institutions often appear in the world’s top 50 for Accounting & Finance. 

On the other hand, Private universities are smaller in number as compared to public universities, but they are known for industry-focused learning, smaller class sizes, and global partnerships. These universities works towards the growing share of enrolments, especially among students who prefer personalized academic support and flexible study options. 

Read Also: Top 11 Level 1 Universities in Australia 

What are the top Masters in Finance specializations in Australia?

Specializations allow students to align their finance education toward career goals. Programs like Applied Finance and FinTech are growing fast due to industry demand. According to a recent survey in Australia, jobs in Financial Technology and Risk Analysis are expected to grow by 15% by 2028. 

Students can choose from a variety of specializations based on their career interests. Some of the most popular options are: 

• Master of Applied Finance – Focuses on investment, portfolio management, and corporate finance, ideal for roles in investment banking and advisory. 

• Master of Banking and Finance – Covers global banking systems, risk management, and financial markets, preparing students for careers in banking and financial services. 
• Master of Financial Analysis – Emphasizes quantitative skills, valuation, and reporting, suitable for careers in auditing, equity research, and financial consulting. 
• Master of Financial Technology (FinTech) – Blends finance with technology, focusing on blockchain, digital payments, and AI-driven finance solutions. 
• Master of International Economics and Finance – Explores global financial systems, trade, and policies, perfect for roles in multinational firms or economic advisory. 
• Master of Actuarial Science – Uses mathematics, statistics, and risk modeling to assess financial risks, widely applied in insurance and pensions. 
• Master of Business (Finance major) – Offers a broader business perspective with finance as a core, suitable for leadership and corporate management roles. 

These specializations allow students to focus on niche areas like investment banking, quantitative finance, corporate advisory, or financial technology. 

Discover the Best Courses to Study in Australia and plan your international education journey today! 

What is the course curriculum of Masters in Finance in Australia?

The curriculum blends theory with applied learning. Most programs are 1.5–2 years full-time, with options for accelerated pathways. Universities often include capstone projects, trading simulations, and internships with major banks. 

Most universities also include practical simulations, industry projects, or internships to ensure real-world learning. 

What is the admission process for Masters in Finance in Australia?

Admissions follow a two-intake system (February & July), though some universities offer trimester-based intakes. The process is straightforward, with an average acceptance rate of 35–40% at top universities. 

Steps in the Admission Process 

1. Shortlist universities and check entry requirements - Compare programs, tuition fees, and entry requirements. Check minimum GPA, English test scores, and whether GRE/GMAT is needed. 
2. Apply online through the university portal - Fill out the online application form on the university’s official website or apply through their authorized agents. 
3. Pay the application fees - Most universities charge a small non-refundable application fee. Keep the receipt for future reference. 
4. Upload required documents - Submit scanned copies of your transcripts, SOP, LORs, English test scores, and resume. Make sure they are clear and certified. 
5. Receive your offer letter - If you meet the criteria, you will receive either a conditional (pending documents) or unconditional offer letter. 

Read More: Conditional vs Unconditional Offer Letter 

1. Accept the offer and pay the deposit - Pay the tuition deposit (if required) to confirm your admission. The university will then issue a Confirmation of Enrolment (CoE). 
2. Apply for student visa - With the CoE, apply for your student visa online. You’ll need proof of funds, health insurance (OSHC), and medical checks. 
3. Prepare for travel and enrolment - Arrange accommodation, book your flight, and complete orientation before classes begin. 

What are the academic requirements for Masters in Finance in Australia? 

Most universities expect a relevant bachelor’s degree, which provides evidence of readiness for postgraduate study. Below are the common academic and test score requirements: 

• Bachelor’s degree in Finance, Business, Accounting, Economics, or a related field with 65–75% marks or equivalent GPA. 
• English proficiency: IELTS (6.5–7.0 overall) or TOEFL (90–100). Some universities also accept PTE. 
• GMAT/GRE scores: GMAT (625–700) or GRE (280–340). Required by a few top universities, but not all. 
• Work experience: 1–2 years in finance is preferred but not mandatory. Fresh graduates are also eligible. 

What documents are required for Masters in Finance in Australia? 

When applying, you must submit certain documents to support your application. These show your academic history, skills, and financial readiness. 

• Academic transcripts & degree certificates – proof of your previous studies. 
• English test scores (IELTS/TOEFL/PTE) – official score reports. 
• GRE/GMAT scorecards – only if the university asks for them. 
• Statement of Purpose (SOP) – explains your career goals and why you want to study in Australia. 
• Resume/CV – highlights your education, skills, and work experience. 
• Letters of Recommendation (LORs) – from professors or employers who know your academic/professional abilities. 
• Proof of funds – at least AUD 24,505 (INR 14,06,801) per year as per Australian government rules, shown through bank statements, loan letters, or scholarship letters. 
• Valid passport & visa documents – required for your Subclass 500 student visa. 

Read Also: Key Requirements for Studying in Australia 

What is the cost of studying Masters in Finance in Australia?

Tuition fees for a Masters in Finance in Australia vary significantly depending on the type of university, ranking, and location. On average, students can expect to pay between AUD 35,000 and 65,000 per year (INR 20–37 lakhs). International students contribute more than AUD 47 billion annually to the Australian economy, making education one of the country’s largest service exports. 

Below is a breakdown of the basic expenses international students can expect when studying Masters of Finance in Australia: 

What is the cost of living in Australia for international students?

Living expenses in Australia are a crucial part of the total budget for international students. However, actual costs vary depending on the city—Sydney and Melbourne are generally more expensive compared to Adelaide, Perth, or Brisbane; which all offers relatively affordable housing and food options. 

On average, students spend between AUD 1,100–2,300 per month (INR 63,000–1.32L). Students can also work 20 hours per week during semesters and full-time during holidays, which helps offset expenses. 

Read Also: Accommodation in Australia for Students & Professionals 

What are the top scholarships for Masters in Finance in Australia?

Australia offers scholarships worth AUD 300 million annually to international students. These scholarships reduce financial pressure and often recognize academic merit, leadership, and community involvement. Some programs cover up to 100% tuition, while government-funded options like the Australia Awards also provide living allowances, airfare, and health coverage. 

Competition is high in universities like Melbourne, Sydney, and UNSW reserve merit-based awards for top 5–10% of applicants. Nearly 40% of international students in Australia receive some form of financial support, making fully-funded scholarships a practical option for deserving candidates. 

What are the top jobs after Masters in Finance in Australia?

Graduates of Masters in Finance programs in Australia enjoy high employability rates, with showing over 90% of finance graduates employed within 6 months of graduation. Salaries range between AUD 80,000 to 120,000 (INR 45.9L to 68.8L) annually, depending on specialization, location, and experience. 

With Australia being a regional hub for Asia-Pacific financial services, MBA Jobs in Australia also provide opportunities to work in Singapore, Hong Kong, and London through global firms that recruit heavily from Australian universities. 

Also Read: Work in Australia 2025 

Who are the top recruiters for Masters in Finance graduates in Australia? 

Australia is one of the leading financial services sector that contributes over AUD 140 billion to GDP annually and employs more than 450,000 professionals. The industry is dominated by the Big 4 consulting firms and Australia’s “Big Four” banks, but global investment firms also recruit heavily. 

Wondering what roles await after graduation? Discover high-paying Career Opportunities in Australia that make studying here a rewarding choice. 

Top universities often have career fairs, alumni networks, and direct tie-ups with companies like JP Morgan, Deloitte, and Macquarie Group, giving graduates access to both domestic and international opportunities.  

Finance graduates also benefit from Australia’s Post-Study Work Visa (2–4 years), which allows them to gain professional experience immediately after graduation. 

Top Recruiters: 

• Big 4 Consulting: Deloitte, PwC, EY, KPMG 

• Major Banks: Commonwealth Bank, ANZ, NAB, Westpac, Macquarie Group 

• Global Investment Banks: JP Morgan, Goldman Sachs, Morgan Stanley, HSBC 

• Consulting & Asset Management: BlackRock, Boston Consulting Group (BCG), Accenture, Vanguard 

If you are still unsure about your options, you can book a free counseling session with upGrad and seek professional guidance! We’d be happy to help you figure this out.