Banking Major (Master of Commerce and combined Master of Commerce programs)
Description
The Banking major offers the highest standard of qualifications in the theory and application governing contemporary financial institutions. It includes a detailed examination of the workings of banks and related deposit-taking financial intermediaries in the context of the banking system in particular and the financial system generally. The core units equip students with an in-depth understanding of the structures and functioning of financial institutions, and issues related to banking in a contemporary, globalised economy. As well as providing the necessary knowledge of bank management, risk management and risk assessment, the Banking major offers intermediate corporate finance, equipping graduates with a well-rounded qualification that is modern, in-depth and competitive.
Requirements for the major
Students who intend to complete a major in Banking must complete the following foundation level units of study as prerequisites for the major:
- ECON5001 Microeconomic Theory
- ECON5002 Macroeconomic Theory
- FINC5001 Capital Markets and Corporate Finance
To obtain Banking major, students must complete four units of study (24 credit points), comprising:
- two compulsory units of study (12 credit points), as follows:
- two elective units of study (12 credit points) selected from the list of the following units of study:
- ACCT6003 Financial Statement Analysis
- FINC6000 Quantitative Finance
- FINC6001 Intermediate Corporate Finance
- FINC6003 Broking and Market Making
- FINC6005 Advanced Asset Pricing
- FINC6007 Financial Strategy
- FINC6009 Portfolio Theory and its Applications
- FINC6010 Derivative Securities
- FINC6013 International Business Finance
- FINC6014 Fixed Income Securities
- FINC6015 Global Trading
- FINC6016 Financial Instruments and Markets
- FINC6017 Mergers and Acquisitions
- FINC6018 Numerical Methods in Finance
- FINC6019 Financial Modelling
- FINC6021 Corporate Valuation
- FINC6022 Behavioural Finance
Please note: ECON5001 and ECON5002 are the prerequisite units for both of the 'BANK' units of study in this major. For this major, FINC5001 is the prerequisite unit for most of the 'FINC' units of study in this major. For non-'FINC'/'BANK' units of study other prerequisites may apply.
Availability of this major
This version of this major is available under the following degrees:
- Master of Commerce
- Master of Commerce and Master of Facilities Management
- Master of Commerce and Master of Logistics Management
- Master of Commerce and Master of Professional Accounting
- Master of International Business and Master of Commerce
- Master of Transport Management and Master of Commerce
Students enrolled in the Graduate Diploma in Commerce or the Master of Professional Accounting may choose units from this major subject area as electives in their course.
