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Banking (Master of Commerce)


The Banking specialisation 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 specialisation offers intermediate corporate finance, equipping graduates with a well-rounded qualification that is modern, in-depth and competitive.

Why study this specialisation?

Requirements for the specialisation

The following information is for students who commenced study or transferred into the Master of Commerce from 2012 or students who commenced study in 2011 and wish to follow these requirements for a specialisation. All other students should refer to the information set out below under Information for pre-2012 continuing students.

To be awarded a specialisation in Banking, students complete five units of study (30 credit points) comprising:

(i) one foundational unit of study (six credit points), as follows:

(ii) three compulsory units of study (18 credit points), as follows:

(iii) one elective unit of study (six credit points), selected from the following unit options:

* This unit is no longer offered

Please note: ACCT6003 requires the completion of an additional prerequisite from outside of the units listed for this specialisation.

Note: Non-foundational (advanced) units of study can be used to count to one specialisation only. For example, ACCT6003 cannot be used to count towards both an Accounting and a Banking specialisation.

Information for pre-2012 continuing students

Students who commenced study in the Master of Commerce in 2011 may choose to complete their specialisation according to the information set out above or can choose to complete according to the information set out in the following downloadable PDF which lists the 2011 structure. Students should also refer to the handbook of the year they commenced study for exact details of their specialisation requirement.

Students who commenced their degree before 2011 (in old Master of Commerce), should follow the requirements for the Major in Banking as set out in the handbook of the year they commenced study.

Availability of this specialisation

This version of this specialisation is available under the following degrees:

  • Master of Commerce (12 unit program) (not offered to commencing students)
  • Master of Commerce (16 unit program)
  • Master of Commerce and Master of Logistics Management (not offered to commencing students)
  • Master of International Business and Master of Commerce (not offered to commencing students)

Students enrolled in the Graduate Diploma in Commerce or the Graduate Certificate in Commerce may choose units from this specialisation subject area as electives in their course.