Master of Management (Finance)

Course MC-MGMTFIN (2010)

Note: This is an archived Handbook entry from 2010.

Year and Campus: 2010 - Parkville
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Level: Graduate/Postgraduate
Duration & Credit Points: 200 credit points taken over 24 months full time. This course is available as full or part time.

Coordinator

Professor Bill Harley

Contact

Graduate School of Business and Economics Student Centre
Level 4, 198 Berkeley Street
Telephone: +61 3 8344 1670
Online Enquiries: http://www.gsbe.unimelb.edu.au/future/unity_forms/contact.html
Web: www.melbournegsm.unimelb.edu.au

Course Overview: The Master of Management (Finance) provides advanced competencies, professional skills and knowledge in the finance discipline which will prepare graduates for entry into the finance profession. The first year of the program provides students with a foundation in the various business and management disciplines, while simultaneously building a strong knowledge base in the discipline of finance. In the second year of the program, students have the opportunity to enhance their skill-set with more advanced studies in the finance discipline.
Objectives: 1. Learning Goal

Graduates of this degree will be adept at analysing and evaluating evidence in management decision making in an area of commerce specialisation.

Learning objectives to achieve this goal

On successful completion of this degree students will be able to:

  • Describe and explain the fundamental principles influencing markets and managing organisations; and
  • Evaluate the impact of a variety of cultural and environmental factors on the organisation and in the market.

2. Learning Goal

Graduates of this degree will be strategic and critical thinkers in relation to business, commerce and public policy related issues and in developing solutions to problems in organisations and in society.

Learning objectives to achieve this goal

On successful completion of this degree students will be able to:

  • Explain and critically analyse factors that influence decision making in firms and the economy;
  • Identify strategic issues and solutions in relation to financial problems and activity within firms; and
  • Apply knowledge of theory to analyse real and hypothetical problems in different markets both domestically and internationally.

3. Learning Goal

Graduates of this degree will be effective decision makers in business, commerce and public policy.

Learning objectives to achieve this goal

On successful completion of this degree students will be able to:

  • Apply basic mathematical techniques to analyse business and economic data;
  • Evaluate the applicability of various theories and techniques to business and economics related problems;
  • Employ a range of tools of analysis’ pertinent to the evaluation of evidence in business and public sectors;
  • Use evidenced based research techniques to support decisions; and
  • Apply ethical principles and corporate governance strategies to address real world issues and problems.

4. Learning Goal

Graduates of this degree will be competent in professional knowledge and skills in the finance discipline in preparation for entry into the finance profession.

Learning objectives to achieve this goal

On successful completion of this degree students will be able to:

  • Analyse factors affecting financial markets;
  • Evaluate and manage risks and returns in financial markets;
  • Explain the impact of a range of financial factors that influence the firm or asset that affect decision making;
  • Interpret and evaluate financial data in making investment decisions including the accounting information that supports these decisions; and
  • Apply appropriate theories and statistical tools of analysis to financial decision making.
Course Structure & Available Subjects: The Master of Management (Finance) consists of 16 semester-length subjects comprising four foundation subjects to be taken in the first semester of study, four compulsory subjects, four finance subjects to be taken from a list of seven constrained core subjects, and four free electives to be taken from the Master of Management elective subject listing.
Subject Options:

Four foundation subjects:

Subject
Study Period Commencement:
Credit Points:
Semester 1, Semester 2
12.50
Semester 1, Semester 2
12.50
Semester 1, Semester 2
12.50
Semester 1, Semester 2
12.50

Four compulsory subjects:

Subject
Study Period Commencement:
Credit Points:
Summer Term, Semester 1, Semester 2
12.50
Semester 1, Semester 2
12.50
Semester 1, Semester 2
12.50
Semester 1, Semester 2
12.50

Four subjects to be selected from:

Subject
Study Period Commencement:
Credit Points:
Semester 1, Semester 2
12.50
Semester 1
12.50

Four electives:

Four free electives to be taken from the Master of Management elective subject listings.
Entry Requirements:

1. The Selection Committee will evaluate the applicant's ability to pursue the course successfully using the following criteria:

• An undergraduate degree in any discipline, or equivalent; and

• The applicant's submitted statement of intent in seeking entry; and

• Performance on the GMAT unless the applicant has met one of the approved conditions for GMAT exemption.

2. The Selection Committee may conduct interviews and tests and call for referee reports and employer references to elucidate any of the matters referred to above.
Core Participation Requirements:

For the purpose of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this course are articulated in the Course Description, Course Objectives and Generic Skills of this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/
Graduate Attributes: On successful completion of this degree, graduates should be:
  • Ethical practitioners through a knowledge of corporate governance processes and implementation;
  • Adept at analysing and evaluating evidence in management decision making in an area of commerce specialisation;
  • Problem solvers in Finance through the application of appropriate Finance theories, techniques, principles and data;
  • Strategic and critical thinkers in relation to business and commerce related issues and in developing solutions to problems in organisations and in society;
  • Adept at using a variety of financial analysis tools including statistical reasoning and financial computer software;
  • Competent in professional knowledge and skills in the finance discipline;
  • Able to synthesize finance and business related ideas, theories and data in developing solutions to financial problems and in decision making;
  • Adept in research skills including the retrieval of information from a variety of financial sources;
  • Effective team members through collaborative exercises in tutorials and assessment;
  • Critically evaluative of evidence in support of an argument, decision or proposition;
  • Effective decision makers in finance and commerce;
  • Excellent communicators of finance and commerce related ideas, theories and solutions to peers and the wider community; and
  • Adept at developing solutions to problems through teamwork and collaboration.
Generic Skills: On successful completion of this degree students should have enhanced their skills in:
  • Critical evaluation of evidence in support of an argument or proposition;
  • Problem identification and solving in finance through the application of appropriate financial theories, principles and data;
  • Communication of finance and commerce related ideas, theories and solutions to peers and the wider community;
  • Ability to synthesize ideas, theories and data in developing solutions to finance problems;
  • Ethical practice through a knowledge of corporate governance processes and implementation;
  • Research skills including the retrieval of information from a variety of sources;
  • Statistical reasoning in finance though application of financial theories to real world cases;
  • Teamwork through collaborative exercises in tutorials and assessment; and
  • The use of financial computer software.
Notes: Duration

Full-time students will take four subjects per semester for four semesters (approximately two years). Part-time students will usually enrol for eight semesters taking two subjects per semester.

Assessment

Students must pass all sixteen subjects to qualify for the Master of Management (Finance).

Graduate Diploma in Management

Students enrolled in any Master of Management programs who are either unable, or who choose not to continue with their studies, may be eligible to exit with a Graduate Diploma in Management. Students must have successfully completed a total of eight subjects, and be in good standing to be eligible to be awarded the Graduate Diploma in Management.

Graduate Certificate in Management

Students enrolled in any Master of Management programs who are either unable, or who choose not to continue with their studies, may be eligible to exit with a Graduate Certificate in Management. Students must have successfully completed a total of four subjects, and be in good standing to be eligible to be awarded the Graduate Certificate in Management.

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