Course overview
Master of Banking and Finance is a postgraduate (master's) course in finance & accounting at Monash University in Melbourne, Australia. It takes 1–2 years (depends on entry), with intakes in February and July (Caulfield).
Monash University is a public institution, ranked 31 in the world in the QS World University Rankings 2027. Read the full course description, modules and entry rules on the official course page.
Key highlights
| University | Monash University (Public) |
|---|---|
| Location | Melbourne, Australia |
| Course | Master of Banking and Finance |
| Level | Master's (postgraduate) |
| Subject area | Finance & Accounting |
| Duration | 1–2 years (depends on entry) |
| Tuition per year | A$59,900 (≈ ₹38.9 lakh) |
| Intakes | February and July (Caulfield) |
| English requirement | Monash English level A: IELTS 6.5 (no band below 6.0) |
Interested in Master of Banking and Finance?A counsellor checks your eligibility and helps you apply, free of charge.
Fees and costs
Tuition for international students is A$59,900 a year, about ₹38.9 lakh.
2026 quoted fee in Monash's 2027 international course guide; fees rise each year
Living costs near the university
| Cost | In AUD | Approx. in rupees |
|---|---|---|
| Room in a shared house near ClaytonOur estimate; suburbs near campus are cheaper than the city | A$1,100–1,800per month | ≈ ₹71,500 – ₹1.2 lakh |
| On-campus residenceOur estimate for Melbourne student accommodation | A$1,600–2,800per month | ≈ ₹1 lakh – ₹1.8 lakh |
| Public transportBuses link Clayton campus with Clayton, Huntingdale and Oakleigh stations | A$100–220per month | ≈ ₹6,500 – ₹14,300 |
| Living costs you must show for the visaDepartment of Home Affairs requirement | A$29,710per year | ≈ ₹19.3 lakh |
Living costs for Australia as a whole: A$29,710–40,000 a year. Approximate exchange rates (based on ECB reference rates, March 2026). Actual rates on your payment date will differ.
Plan my monthly living costsEligibility
General entry requirements at Monash University for master's courses. Some courses ask for more, so check the course page.
- Most master's degrees need a recognised bachelor's degree with a minimum average set by the course; a related degree can shorten IT, data science and engineering master's to 1.5 or 2 years.
- The Master of Professional Engineering takes 3 years from a 3-year bachelor's, or 2 years if you already hold a 4-year engineering degree such as an Indian B.E. or B.Tech.
- Check the course page for the minimum average for your Indian university and any prerequisite subjects.
- Apply online; most courses take February and July entrants. Accept your offer and pay the deposit to receive your Confirmation of Enrolment (CoE).
English requirements
For this course: Monash English level A: IELTS 6.5 (no band below 6.0).
| Test | What the university asks for |
|---|---|
| IELTS Academic | Most graduate courses are at Monash English level A: 6.5 overall with no band below 6.0. Tests must be taken within the course's time limit (3 years for IT courses). |
| Higher levels | Nursing (level F) and some biomedical courses (level B) set higher scores. Check the course page for the exact band. |
| Other tests | PTE Academic and TOEFL iBT are accepted, as well as completed study in English at an approved institution. |
| Monash English and IAP | If your score is a little low, Monash College's English programmes can lead into your course without retaking IELTS. |
Intakes
This course starts in: February and July (Caulfield).
Upcoming intakes and deadlines in AustraliaHow to apply
- Check the entry requirements and the deadline on the official course page.
- Take IELTS, PTE or the test the university accepts, if you need one.
- Prepare your documents: transcripts, statement of purpose, recommendation letters and CV.
- Apply on the university's application portal and pay any application fee.
- Accept your offer, meet any conditions and pay the deposit.
- Apply for your student visa for Australia, then arrange accommodation.
Documents you'll need
- Valid passport
- Class 10 and Class 12 mark sheets (bachelor's applications)
- Degree transcripts and certificate (master's applications)
- English test score, or evidence that you meet an alternative English pathway
- CV and references where the course asks for them
- Financial documents for the student visa
Scholarships
Monash International Leadership Scholarship
Bachelor's and master's (not medicine or pathway programmes)
Value: 100% of course fees for the standard duration (4 awards a year)
Outstanding international students who show leadership. Separate application; check the deadline on the page.
Official pageMonash International Merit Scholarship
Bachelor's and master's (not medicine)
Value: Up to A$50,000 (31 awards a year)
International students with excellent academic results. Separate application.
Official pageEngineering International High Achievers Scholarship
Undergraduate and postgraduate engineering
Value: A$15,000 per 48 credit points (one year), up to 4 years for undergraduates; 25 UG and 25 PG awards a year
High-achieving international students admitted to an engineering course.
Official pagePharmacy International Undergraduate Merit Scholarship
Pharmacy bachelor's and honours
Value: Up to A$100,000 (6 awards a year)
International students entering specified pharmacy degrees.
Official page
About Monash University
Monash University was founded in 1958 and named after Sir John Monash, the engineer and First World War general. In under 70 years it has grown into Australia's largest university, with about 61,000 students, and it is a member of the Group of Eight research universities. It is ranked 31st in the world by QS and 61st by Times Higher Education in 2027.
Monash is particularly strong in pharmacy and pharmaceutical sciences, medicine, engineering, information technology and education. Its Faculty of Information Technology offers a wide set of master's degrees, including data science, artificial intelligence, cybersecurity and business information systems, which are among the most popular choices with Indian students.
Similar courses
Finance & Accounting courses at other universities in Australia
- Master of Professional AccountingAdelaide University1.5 years full time · A$54,300 / year
- Master of Professional Accountingaustralian-catholic-university2 years · A$39,240 / year
- Master of Financeaustralian-national-university2 years · A$57,640 / year
- Master of Professional Accountingaustralian-national-university1.5 years · A$57,640 / year
- Master of Accountingbond-university1 year 4 months (4 semesters) · A$59,310 / year
- Master of Financebond-university1 year 4 months (4 semesters) · A$59,670 / year
More courses at Monash University
- Master of Data Science2 years (1.5 with a related bachelor's) · A$55,700 / year
- Master of Information Technology2 years (1.5 with a related bachelor's) · A$55,500 / year
- Master of Artificial Intelligence2 years (1.5 with a related bachelor's) · A$57,300 / year
- Master of Cybersecurity2 years (1.5 with a related bachelor's) · A$57,300 / year
- Master of Business Analytics2 years (1.5 with a related bachelor's) · A$59,900 / year
- Master of Professional Engineering3 years (2 with a 4-year engineering degree) · A$57,900 / year
FAQs
What is the fee for Master of Banking and Finance at Monash University?
The tuition for international students is A$59,900 a year (about ₹38.9 lakh). 2026 quoted fee in Monash's 2027 international course guide; fees rise each year. Fees usually rise each year, so check the course page before you apply.
How long is Master of Banking and Finance?
The course takes 1–2 years (depends on entry).
What English score do I need?
Monash English level A: IELTS 6.5 (no band below 6.0). Some universities also accept Class 12 English marks or other tests; confirm on the course page.
When can I start?
Intakes: February and July (Caulfield). Apply early: popular courses can fill up before the deadline.
Can Admission Mantra help me apply?
Yes. A counsellor checks your eligibility, helps you prepare your documents and statement of purpose, and guides you through the application and visa. The first conversation is free.
We researched this page on 23 Oct 2026 from the university's own pages. Fees, entry rules and intakes change every year; confirm them on the official course page before you apply. Listing a course doesn't mean Admission Mantra represents the university.
- Monash University: Master of Banking and Finance (opens in a new tab)
- Monash University: 2027 international graduate course guide (opens in a new tab)
- Monash University: 2027 international undergraduate course guide (opens in a new tab)
- Monash University: Faculty of IT course guide 2027 (opens in a new tab)
- Monash University: Master of Data Science (opens in a new tab)