Master of Banking and Finance
3.9 /5
- Public University
Monash Business School
Talk to ExpertMaster of Banking and Finance at Monash University Overview
Master of Banking and Finance
at Monash University
Monash University offers courses at PG level. The course lasts for a duration of 1 to 2 years. It is among the top-ranked courses in the country. To be eligible for the course, the students must fulfil the eligibility criteria, which includes valid score in exams such as IELTS, TOEFL and PTE. The Monash University tuition fee for Master of Banking and Finance for the first year is AUD 45,800. Also, the students have to make budget for the other costs which includes
- Rent
- Hostel fees
- Food
- Books
- Supplies
- Utilities, etc.
Duration | 1 - 2 years Get Curriculum |
Tuition & Fees | ₹32.50 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Banking and Finance
Table of contents
Master of Banking and Finance at Monash University Fees
Master of Banking and Finance
at Monash University
For enrolling at the Monash University, for Master of Banking and Finance, students must pay the tuition and living cost. Moreover, the Monash University Master of Banking and Finance fee structure can vary from domestic to international students.
International students must pay the AUD 45,800 for the first year. Along with this, they must be ready for other costs of living such housing, food, transportation, books and supplies, and other miscellaneous expenses. The average Monash University cost of living for international students is AUD 14,532. Check out Monash University Master of Banking and Finance on the fee breakup, from the table mentioned below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 32,50,096 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 10,04,554 |
| Insurance | INR 34,847 |
Calculated at the exchange rate of 1 AUD = INR 57.22 | Tuition & expenses were last updated on 29ᵗʰ September 2025Master of Banking and Finance at Monash University Curriculum
Master of Banking and Finance
at Monash University
Latest curriculum for Master of Banking and Finance at Monash University can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in MIM at Monash University
Download exam sample paper
IELTS
IELTS
TOEFL
PTE
Master of Banking and Finance at Monash University Entry Requirements
Master of Banking and Finance
at Monash University
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 60%
- Read less
- Applicants who satisfy the below condition will complete the degree in 1 year:
- An Australian undergraduate honors degree (or equivalent) in a cognate discipline with a WAM of 60, or qualification/experience or a satisfactory substitute that the faculty considers to be equivalent
- Applicants who satisfy the below condition will complete the degree in 1.5 years:
- An Australian undergraduate degree (or equivalent) in a cognate discipline with a WAM of 60, or qualifications/experience or satisfactory substitute that the faculty considers to be equivalent OR
- An Australian graduate certificate (or equivalent) in a cognate discipline with a WAM of 60, or qualifications/experience or satisfactory substitute that the faculty considers to be equivalent OR
- A four-year Australian undergraduate honors degree (or equivalent) with a WAM of 60 or qualification/experience or satisfactory substitute that the faculty considers being equivalent.
- Applicants who satisfy the below condition will complete the degree in 2 years:
- An Australian bachelor degree (or equivalent) and achieved a weighted average mark (WAM) of 60 or an equivalent grade point average (GPA)
- Applicants who satisfy the below condition will complete the degree in 1 year:
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
TOEFL
- Marks - 79/120
- with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21
Sign-up to view details
Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
PTE
- Marks - 58/90
- With minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50
IELTS
- Marks - 6.5/9
- with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0
Sign-up to view details
Master of Banking and Finance at Monash University Application Process
Master of Banking and Finance
at Monash University
Step one
Prepare documents for application
SOP
- Statement of Purpose (Written by Student)
CV
- Up-to-date CV (if last qualification was more than 6 months old)
Step two
Additional documents required
- Individual semester wise mark-sheets Year 10 onwards till highest qualification
- Provisional /Final Degree Certificate
- Work Experience Documents (if applicable)
- English Language Scores
- Copy of passport
Step three
Start your online application
Step four
Application fees for this course
AUD 100 = INR 5.87 Thousand
Mode of payment: Credit card, Debit card
Master of Banking and Finance at Monash University Rankings
Master of Banking and Finance
at Monash University
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #41 | |
| #67 |
Master of Banking and Finance at Monash University Placements
Master of Banking and Finance
at Monash University
| Particulars | Statistics (2023) |
|---|---|
| Internship Available | Yes |
Monash UniversityStudents Ratings & Reviews
3.9/5
24 Verified ReviewsStudent Views (Based on Reviews)
- 69% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Multi-dimensional
Stressful
Internships3.3
Part time work3.3
Post study jobs3.5
Quality of faculty4.3
Student Life4.1
Value for money3.5
Public transportation4.2
Safety4.5
Indian Food4.3
Permanent Immigration3.6
R
Rishiraj Sinharay
Master of Data Science - Batch of 2023
Offered by Monash University
4.6
A truly rewarding and holistic international experience.
Tips: The course is demanding as in it demands time and genuine effort. Especially in units like Statistics and Machine Learning. Those are the toughest units. It is easier if you prepare before each class and start working on the assignments on time. Unlike colleges in India, you need to put in a lot of self studying hours to understand concepts. Your professors and tutors are there to help you with questions and doubts. But at the end of the day it feels good because you know you put in effort and it worked out and you genuinely learned something.
I enrolled through IDP so I got a small scholarship of 10000 AUD. Monash as a university is very exciting. There is always some fun event going on which is open for all.
Likes (Indian Food): Clayton is full of Indian and Asian restaurants. You would never miss Indian food. Plus there are numerous options. Even in the city, there are multiple options to try different cuisines. Everything is available. There are numerous Indian stores in Clayton for Indian groceries as well.
Dislikes (Internships): There is some competition as opportunities are less but its still possible to land internships. The university has career services in Monash Connect. You can book appointments and consult with them regarding how to approach the job market. But Monash itself focuses a lot on research, so if you network well, it can lead to internships within the university. Various clubs organise networking events for students and there are private organisations in the city who organise networking events too.
Total Monthly ExpenseAUD 2500
Prepping time for classes35 hours/Week
Expected Annual SalaryAUD 75000
(1) 1 person found this helpfulA
Anonymous
Bachelor of Engineering (Honours) and Bachelor of Computer Science - Batch of 2026
Offered by Monash University
4.2
Learning, growing and loving the uni life.
Tips:
Before joining, students should be prepared for being comfortable stepping out of their comfort zones. The people are actually very nice over here and love to have short talks. The cultural shift was noticeable - especially the independence and direct communication - but I adjusted over time. I received a 10,000 AUD partner scholarship, which was directly deducted from my one-year fee. Overall, I'm happy with my course, the university, and the experience here in Australia.
Dislikes (Public transportation): The V line services often experience disruptions, delays and planned works which can be quite inconvenient. On weekends and public holidays the frequency of trains tends to drop leading to long gaps between services. The campus is connected to the city via train and bus.
Total Monthly ExpenseAUD 2200
Prepping time for classes50 hours/Week
Expected Annual SalaryAUD 70500
A
ANUJ RANJAN
Bachelor of Software Engineering (Honours) - Batch of 2027
Offered by Monash University
3.5
It is a great college and international exposure is great.
Tips: Monash offers great academics and a diverse campus, but tuition and living costs are high. Adjusting was tough at first due to a new academic style and independent culture, but the diverse, friendly campus made it easier to settle. I did not get any scholarships.
Likes (Indian Food): There are plenty of food options from my country of origin available around the Clayton area. Grocery stores and supermarkets also stock Indian items and ingredients. I often prefer cooking at home, but it's great to have affordable and authentic options when I want to have something great.
Dislikes (Value for money): It is very expensive to study at Monash University, and while the faculty members and teaching are good, I don't think that the extremely high tuition or around AU$ 200,000 is justified. The value does not match the investment as it places a very big burden on student and parents.
Total Monthly ExpenseAUD 1250
Prepping time for classes34 hours/Week
Expected Annual SalaryAUD
R
Raiwat Kumar
Bachelor of Science and Bachelor of Computer Science - Batch of 2026
Offered by Monash University
3.6
A balanced journey, growth, challenges, and opportunities as an international student.
Tips: Student should know that while this college offers a wide range of opportunities both academic and extra curricular requires self initiative, professors and staff are supportive but you need to be protective about attending events seeking, help and building your network time management is key, especially if you're juggling studies with part time work. Also don't expect things to be handed to you. You will get the most out of the experience if you actively participate in what's happening on campus. The transition was challenging at first especially as an international student and there was definitely a cultural shift. People are more individualistic and open in how they communicate. The education system is also different focusing more on independent learning, critical thinking and research based assignments. At the same time, their cultural diversity on campus helps me quickly. I made friends from different countries and which really helped open my mind and help me feel more included. I received the international student merit-based scholarship. The process involves submitting my academic transcript and personal statement during my application. It wasn't a full scholarship, but it offered a partial tuition fee, which was helpful in reducing final pressure.
Total Monthly ExpenseAUD 2775
Prepping time for classes23 hours/Week
Expected Annual SalaryAUD 23375
V
Varun Shroff
Master of Data Science - Batch of 2026
Offered by Monash University
3.9
Good facilities and teaching staff, but somewhat expensive.
Tips: Students should know that it won’t be easy to study at this university. You will be in a new country and a new environment and you’ll have to do a lot of the work on your own so it won’t be easy at first. But once you get used to it you’ll do really well and your life will change. You’ll also learn to be more disciplined, which will help you a lot.
Likes (Safety): There are guards security personnel and cameras that make you feel safe. The staff and people around you are also really good and easy to approach, and we have Monash Connect where we can go and talk about any problems with them whether academic or even personal.
Dislikes (Indian Food): There aren’t enough vegetarian options available especially for the morning 8 am classes. It makes it difficult for people who are vegetarians because it’s difficult to cook their own meals every day. If there were some vegetarian choices I think it would be really helpful.
Total Monthly ExpenseAUD 2500
Prepping time for classes20 hours/Week
Expected Annual SalaryAUD 65150
View All 26 Reviews
Master of Banking and Finance at Monash University Highlights
Master of Banking and Finance
at Monash University
- The Master of Banking and Finance is a comprehensive master's degree that will give a thorough understanding of the banking and finance industry.
- By connecting research and practice, the Master of Banking and Finance enables to develop a deep understanding of the core role of the global banking industry and provides practical opportunities to apply your knowledge.
Master of Banking and Finance at Monash University Scholarships
Master of Banking and Finance
at Monash University
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Loveleen Sharma
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Loveleen is a seasoned content writer with 4+ years of experience, currently writing for Shiksha. When he is not writing and helping students, he can be found at the movies, reading fiction, and learning a new language.
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Master of Banking and Finance at Monash University Contact Information
Master of Banking and Finance
at Monash University
Address
Scenic Blvd, Clayton, Victoria 3800, Australia
Melbourne ( Victoria)
Phone
Go to College Website ->