Banking (Master of Commerce)
Description
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.
Please Note: The following requirements for the specialisation are for students commencing or transferring into the Master of Commerce in 2012. Students who commenced in 2011 should refer to the details listed below under "Information for pre-2012 continuing students".
Requirements for the specialisation (2012 commencing 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:
- BANK6002 Bank Management
- BANK6003 Global Supervision of Bank Risks
- BANK6005 International Banking (new unit for 2012)
(iii) one elective unit of study (six credit points), selected from the following unit options:
- ACCT6003 Financial Statement Analysis
- CLAW6031 International Financial Crime (new unit for 2012)
- ECON5002 Macroeconomic Theory
- 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
- FINC6019 Financial Modelling
- FINC6022 Behavioural Finance
- FINC6023 Financial Risk Management (new unit for 2012)
Please note: ACCT6003 requires the completion of an additional prerequisite from outside of the units listed for this 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 requirements.
Availability of this specialisation
This version of this specialisation is available under the following degrees:
- Master of Commerce
- Master of Commerce and Master of Logistics Management
- Master of International Business and Master of Commerce
Students enrolled in the Graduate Diploma in Commerce or the Master of Professional Accounting may choose units from this specialisation subject area as electives in their course.