Insight into Today's Business World
Finance is the study of financial organisations, markets and instruments as well as those who use them. It manages the flow of funds within the economy, and the control of risk. A degree in finance opens the door to many business-related careers. Your options are unlimited. Macquarie University offers focused programs in finance and applied finance as well as the option to study finance within a broader degree, such as the Bachelor of Commerce.
Three major aspects of finance are investigated:
- Corporate Finance – how organisations make optimal financial decisions regarding investments, and the funding of their activities
- Investments – how financial instruments are valued and how are asset portfolios constructed in order to achieve investors' financial objectives
- Financial Markets – how financial markets operate and how both investors and organisations conduct financial transactions in these markets in order to operate more efficiently and effectively
Finance Degrees at Macquarie
At Macquarie, you have the flexibility to study finance as a single or double degree. Single degrees take three years of full-time or the equivalent part-time study.
Bachelor of Commerce (BCom), with a major in finance, is a more flexible degree than the BAppFin. While the program does include a specialisation in finance related economics and/or accounting units, students can also include electives in other areas of interest, such as computing, politics or sociology.
Bachelor of Applied Finance (BAppFin) is a specialist degree in finance which provides students with a sound background in all aspects of undergraduate finance.
Bachelor of Applied Finance (BAppFin) is a specialist degree in finance which provides students with a sound background in all aspects of undergraduate finance. The Bachelor of Applied Finance and associated double degrees, have been approved by:
- the Australian Securities Investment Commission
ASIC is Australia's corporate, markets and financial services regulator.
The BAppFin and associated double degrees meet the ASIC training requirements for the RG146 (Regulatory Guide 146 Licensing: Training of financial product advisers qualification) compliance for:
- general knowledge
- managed investments
- depost products and non cash payment facilities
- and foreign exchange (subject to the completion of certain units).
- Bachelor of Applied Finance / Bachelor of Laws
- Bachelor of Applied Finance with Bachelor of Commerce – Professional Accounting
- Bachelor of Applied Finance with Bachelor of Economics
- Bachelor of Applied Finance with Bachelor of Actuarial Studies
What's the difference between Accounting and Finance?
Accounting is about the collection, measurement and communication of economic information so that an informed decision can be made by the users of that information. Accounting can be broken down into management accounting and financial accounting. Management accounting provides information for managers whereas financial accounting produces financial statements for organisations such as companies.
Finance is about managing money. It is the study of financial markets and the instruments within it such as company shares, etc. Finance can be broadly classified as managerial finance and financial services.
What do you study in a Finance degree?
- Corporate finance
- Derivative pricing
- Finance theory
- Financial econometrics
- Financial statement analysis
- Money and finance
- International finance
- Portfolio management
- Risk management
- Security pricing and hedging
Where can you go with a Finance degree?
Finance graduates have a wide variety of career opportunities, both in Australia and internationally.
- Corporate management
- Financial planning
- Financial analyst for accounting and consultancy firms
- Financial economist
- Foreign exchange dealing
- Funds management
- Investment analyst
- International finance
- Management consultant
- Market analyst
- Planning/policy analyst
- Public administrator
- Public finance and government, such as the Reserve Bank
- Treasury management
How much can you earn with a Finance degree?
Finance graduates can expect competitive salaries that compare well to salaries within other fields. According to Mycareer.com.au website NSW graduate salaries for 2009, the average Finance graduate starting salary is $52,346.
The average salary for an employee in the finance industry in 2013, according to My Career, is $86,000.
More Information on Finance at Macquarie
- more about studying Finance
- more about undergraduate study at Macquarie.
- search for a course
- browse our finance courses
- browse our actuarial courses
- finance and actuarial units
- prizes and scholarships
- honours in actuarial studies
- honours in applied finance
- how to apply
- current students
- watch the video on bachelor of finance