Course overview
Master of Finance is a postgraduate (master's) course in finance & accounting at RMIT University in Melbourne, Australia. It takes 2 years (1.5 with advanced standing), with intakes in February and July.
RMIT University is a public institution, ranked =119 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 | RMIT University (Public) |
|---|---|
| Location | Melbourne, Australia |
| Course | Master of Finance |
| Level | Master's (postgraduate) |
| Subject area | Finance & Accounting |
| Duration | 2 years (1.5 with advanced standing) |
| Tuition per year | A$50,880 (≈ ₹33.1 lakh) |
| Intakes | February and July |
| English requirement | IELTS Academic 6.5 (no band below 6.0) |
Interested in Master of Finance?A counsellor checks your eligibility and helps you apply, free of charge.
Fees and costs
Tuition for international students is A$50,880 a year, about ₹33.1 lakh. Over 2 years that is roughly A$101,760 (≈ ₹66.1 lakh) before any yearly increase.
2027 indicative annual fee; adjusted every year; the SSAF (up to A$386 in 2027) is extra
Living costs near the university
| Cost | In AUD | Approx. in rupees |
|---|---|---|
| Room in a shared house or flatOur estimate for Melbourne | A$1,100–2,000per month | ≈ ₹71,500 – ₹1.3 lakh |
| Purpose-built student accommodationOur estimate; city-centre buildings cost more | A$1,600–2,800per month | ≈ ₹1 lakh – ₹1.8 lakh |
| Public transportThe City campus is inside Melbourne's free tram zone | 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 RMIT University for master's courses. Some courses ask for more, so check the course page.
- Master's degrees need a recognised bachelor's degree; a related degree can give advanced standing and shorten a 2-year master's to about 1.5 years.
- International student visa holders must study full time.
- Apply online; most programmes start in February or July.
- Accept your offer and pay the deposit to receive your Confirmation of Enrolment (CoE).
English requirements
For this course: IELTS Academic 6.5 (no band below 6.0).
| Test | What the university asks for |
|---|---|
| IELTS Academic | 6.5 overall with no band below 6.0 for the master's degrees on this page. |
| Bachelor's degrees | Each programme lists its band; check the programme page. |
| Other tests | PTE Academic, TOEFL iBT and other approved tests are accepted, and RMIT English Worldwide offers English courses that lead into degrees. |
Intakes
This course starts in: February and July.
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)
- Degree transcripts and certificate (master's)
- English test result
- Portfolio for design programmes where required
- Financial documents for the student visa
Scholarships
Future Leaders Scholarship
Bachelor's and master's
Value: 20% off tuition fees
Students from India and the subcontinent who receive an offer for an eligible programme (introduced from 2026; confirm it applies to your 2027 intake).
Official pageFoundation Academic Scholarships
Foundation Studies
Value: See the scholarship page
High-achieving international students in RMIT Foundation Studies.
Official pageMedibank Student Success Grant
International students
Value: A contribution to living costs; see the page
International students at RMIT.
Official page
About RMIT University
RMIT began in 1887 as the Working Men's College of Melbourne, offering evening classes in art, science and technology to working people. It became a university in 1992 and today calls itself a global university of technology, design and enterprise. In 2027 it is ranked =119th in the world by QS and =239th by Times Higher Education.
RMIT is especially known for art and design (including fashion), architecture, engineering, computing and business. Many programmes are built around industry projects and work-integrated learning, so students work on real briefs from companies during their degree. Its Master of Data Science, Artificial Intelligence and Analytics are popular with Indian students who want a practical, applied course.
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 RMIT University
- Master of Data Science2 years full time (about 1.5 with advanced standing) · A$47,040 / year
- Master of Information Technology2 years full time · A$47,040 / year
- Master of Artificial Intelligence2 years full time · A$47,040 / year
- Master of Analytics2 years full time · A$47,040 / year
- Master of Business Information Technology2 years (1.5 with advanced standing) · A$50,880 / year
- Master of Business Analytics and AI Strategy2 years (1.5 with advanced standing) · A$50,880 / year
FAQs
What is the fee for Master of Finance at RMIT University?
The tuition for international students is A$50,880 a year (about ₹33.1 lakh). 2027 indicative annual fee; adjusted every year; the SSAF (up to A$386 in 2027) is extra. Fees usually rise each year, so check the course page before you apply.
How long is Master of Finance?
The course takes 2 years (1.5 with advanced standing).
What English score do I need?
IELTS Academic 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. 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.
- RMIT University: Master of Finance (opens in a new tab)
- RMIT: Master of Data Science (MC267) (opens in a new tab)
- RMIT: Master of Information Technology (MC208) (opens in a new tab)
- RMIT: Master of Artificial Intelligence (MC271) (opens in a new tab)
- RMIT: Master of Business Analytics and AI Strategy (MC274) (opens in a new tab)