Master of Financial Management

Course 839-AA (2008)

Note: This is an archived Handbook entry from 2008. Search for this in the current handbook

Year and Campus:	2008
Fees Information:	Subject EFTSL, Level, Discipline & Census Date
Level:	Graduate/Postgraduate

 ContactGraduate School Office, Faculty of Economics and Commerce 

Course Overview:	Graduates of the Master of Financial Management should have the capacity to work in professional practice by applying the specialist financial knowledge that this course aims to provide. The course is designed for students with a pre-existing Bachelor of Commerce (or equivalent) to undertake a broader and more comprehensive training in finance than is feasible within an undergraduate degree.
Objectives:	In particular this course aims to provide graduates with: Extensive applications of finance theory; Detailed knowledge of the operations and activities of financial markets; A practical and career-oriented program; An understanding of financial management principles and their application to corporate financial policy; A comprehensive understanding of Australian and international financial markets; A comprehensive knowledge of derivative assets and the operation of the markets in these assets; and An applied knowledge of various specialised aspects of the finance industry. On successful completion of this course, students should be able to: Identify and apply fundamental principles of finance; Identify, critically evaluate and interpret financial decision problems; Analyse new and ever changing financial issues; Analyse and synthesise financial data within a constantly evolving financial environment; Describe the significance and value of their knowledge gained to the wider community (including business and the financial industry); and Apply a knowledge of computer systems and software where appropriate to the study of finance. On successful completion of this course, students should be able to demonstrate the following attributes and skills: Oral and written communication; Time management, particularly in relation to competing deadlines; Team work, which should be fostered through self-directed project work; Using computer systems and software; Problem solving; and Analysis and synthesis of information.
Course Structure & Available Subjects:	The degree is designed to be completed in two years of full time study and requires completion of 200 points. The first year has five core subjects of 12.5 points each and three elective subjects (worth 37.5 points in total). The second 100 points of the program comprises six core subjects of 12.5 points each and two elective subjects (worth 25 points in total).
Subject Options:	YEAR 1 Core Subjects: Students must take a total of five core subjects. Select ONE of the following two subjects: Subject Study Period Commencement: Credit Points: 316-806 Quantitative Analysis of Finance I Semester 1 12.50 316-449 Financial Econometrics Semester 2 12.50 Select ONE of the two following subjects: Subject Study Period Commencement: Credit Points: 306-660 Accounting for Decision Making Semester 1, Semester 2, Summer 12.50 306-610 Financial Statement Analysis Semester 1 12.50 Select ALL of the following three subjects: Subject Study Period Commencement: Credit Points: 316-807 Economics of Finance Semester 2 12.50 333-810 Financial Spreadsheeting Semester 2 12.50 333-816 Financial Markets and Instruments Semester 1 12.50 Select three electives subjects from: Subject Study Period Commencement: Credit Points: 333-811 Treasury Management Semester 2 12.50 333-815 Fundamentals of Portfolio Management Semester 2 12.50 333-635 Public Sector Financial Management Semester 2 12.50 333-819 Project Finance Semester 1 12.50 333-820 Property Investment, Development Finance Semester 1 12.50 Other fourth year (level four), Masters (level six) or Postgraduate Diploma (level eight) subjects as approved by the Academic Director of the program. Please Note If 333-301 Investments and 333-302 Corporate Finance or equivalent subjects have not previously been taken, these must be included in the course of study (and preferably taken in the first semester). No more than 25 points (usually two subjects of 12.5 points each) can be chosen from subjects at third year (level three) and are subject to the approval of the Academic Director of the program. YEAR 2 Core Subjects: Students must take all six core Year 2 subjects: Subject Study Period Commencement: Credit Points: 333-630 Derivative Securities Semester 1, Semester 2 12.50 333-631 Mergers and Value Enhancing Strategies Semester 1, Semester 2 12.50 333-615 International Business Finance Semester 2 12.50 333-632 Case Studies in Finance Semester 2 12.50 316-633 Quantitative Analysis of Finance II Semester 1 12.50 325-664 Strategic Management Semester 1, Semester 2 12.50 Elective Subjects: Select elective subjects worth 25 points from: Subject Study Period Commencement: Credit Points: 325-640 Marketing Management Semester 1, Semester 2, Summer 12.50 Master of Applied Finance electives available to 2nd Year students: Subject Study Period Commencement: Credit Points: 333-671 Finance Law Semester 1 6.25 333-675 Funds Management Semester 2 6.25 333-677 Technical Analysis and Trading Semester 1 6.25 333-678 Financial Engineering Semester 1 6.25 333-685 Marketing Financial Analysis and Control Summer 6.25 333-686 Bank Lending Practices and Techniques Semester 2 6.25 333-691 Financial Planning and Advising Semester 1, Semester 2 6.25 Please Note No more than 25 points of fourth year (level four) or Postgraduate Diploma (level eight) subjects can be included in the second year of the degree with one exception. In the case of students who have entered the Postgraduate Diploma in Finance or Master of Financial Management as mid-year students and taken 333-630 Fixed Interest and Options Markets or 333-618 Advanced Derivative Securities as part of the Diploma, inclusion of an additional 12.5 points of fourth year (level four) or Postgraduate Diploma (level eight) subjects in the Master of Financial Management will be permitted. Master of Financial Management 2nd Year students will be permitted to enrol in Master of Applied Finance elective subjects that are accredited as part of their course structure (please refer to the Master of Applied Finance subjects listed under the Master of Financial Management course structure in this Handbook). Students enrolling in Master of Applied Finance 6.25 point subjects, and who are not enrolled in this course, must take two 6.25 point subjects or be aware of the need to do more than the standard course load in their course in order to complete their program. Students who include a Winter semester subject as one of their final subjects in the Master of Applied Finance course may not be eligible to graduate from the program until after results are released in December of the same year.
Entry Requirements:	The minimum entry requirement is an undergraduate degree of good academic standard with some studies in finance (or its equivalent) which indicates an ability to complete the Master of Financial Management.
Core Participation Requirements:	For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry. It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability
Graduate Attributes:	None

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