Banking And Finance.pdf

Career opportunities There are lots of different roles that require banking and finance skills. Key employers include financial institutions, international and national banks, asset and fund managers and regional banks. There are also opportunities in specialist divisions in retail banking, financial markets, financial planning and other financial solutions providers. Career opportunities include: Financial sector Financial analyst

I initially enrolled in an Arts degree, but while studying, decided to pursue my interest in the financial sector, by picking up a business major in banking and finance. As well as developing strong skills I need to be successful in financial services, I also learned valuable skills in project management, delivery and teamwork, which are the building blocks for a successful career.

Faculty of Business and Economics

Jennifer Lee Nguyen Bachelor of Arts/ Bachelor of Business (Banking and Finance)

Loans officer or credit officer

A closer look at…

Financial planner Money market dealer Foreign exchange trader Portfolio manager Fund Manager Private Banker Investment analyst Securities analyst Investment banker Stock Broker Corporate Sector Budget manager Financial comptroller Chief Financial Officer (CFO) Financial director

What I love about studying at Monash is the flexible and career-focused degree options that provide both personalisation and depth. The expertise of the lecturers is unsurpassed and being surrounded by academics of such intellectual excellence coupled with their passion to teach
is enthusing.

BANKING AND FINANCE

Monash also offers a wide range of scholarships and I am thankful for being awarded one as it has given me the motivation to achieve my goals without worrying too much about the financial encumbrance of studying in Melbourne.

You can study banking and finance in the: Bachelor of Business

The opportunity to participate in leadership programs, most notably the Vice Chancellor’s Ancora Imparo Program and the Accounting and Finance Leadership Program has been a truly enriching experience. This privilege has not only broadened my perspectives but has prepared me for future leadership roles.

Bachelor of Business (Banking and Finance) Bachelor of Commerce

Company Secretary

Iliyas Yusoff

What is banking and finance?

Financial manager

Bachelor of Commerce

Banking and finance is the system that includes circulation of money, granting of credit, making of investments, acquisition of financing and provision of banking facilities.

Corporate treasurer Professional services sector

Bankers are expert risk managers that take deposits and give out loans to businesses, governments or individuals. They can also work across many different areas such as trading rooms; foreign exchange and bond trading; and investment banking and personal financial planning.

Management consultant Financial consultant Banking consultant

Combining studies in banking and finance gives you additional skills across the field of finance, in areas such as international banking, international finance, investment management, treasury management, money market operations, corporate finance, project finance, financial modeling and forecasting, the securities industry and stockbroking.

Why study banking and finance? Banking and finance are critical to the growth of the economy, and as the economy grows the area is also expected to grow creating demand for graduates who are trained in this field.

www.monash.edu/business-economics

Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check the Monash University website for updates (www.monash.edu). All information reflects prescriptions, policy and practice in force at time of publication. Published July 2013. CRICOS provider: Monash University 00008C

Finance is also an area that undergoes continuous change and is expanding in terms of the types of products and services being offered. For example, the superannuation industry is a strong growth area that is expected to grow above the growth rate of the economy due to increasing savings incentives for retirement by the government. This will create more demand for finance professionals. The career paths and opportunities will vary from time to time, but in general they are in financial institutions, related financial services companies, and the corporate and consulting sectors.

Australia

CHINA

india

italy

Malaysia

south africa

Bachelor of Commerce (Accounting and Finance) Bachelor of Business Administration

Banking and finance at Monash We are the largest academic department in Australia which specialises in banking and finance, which means you will draw on significantly more experienced and knowledgeable academics. We are actively engaged with industry and regularly use industry experts and banking and finance professionals to teach contemporary practice in our programs. This means you will develop practical skills and have knowledge of what is happening in industry, alongside the academic theory rather than pure theory or pure academic ideas. Our approach is to give you the tools you need to apply your knowledge directly in the workplace, making you a capable graduate who is attractive to potential employers.

www.monash.edu/business-economics

Honours in finance

Professional recognition

Enhance your studies

Honours is an extra year of study which further develops the knowledge you have gained in an undergraduate degree, it teaches you to perform your own research, and gives you a competitive edge in the job market.

Banking and Finance graduates may meet the educational requirements for associate membership of the Financial Services Institute of Australasia (FINSIA) and be eligible to register to undertake the CFA Program offered by the CFA Institute.

In addition to a high-level education in accounting, Monash University offers a number of activities to enhance the student learning experience.

If you have completed a bachelor degree in banking or finance and achieve an average of at least 70 per cent in relevant second and third year units, you may be eligible to apply to undertake an Honours degree.

Students may be eligible for professional registration or membership of other professional associations and should refer to these organisations for specific requirements.

Honours with a major in finance is offered at both the Caulfield and Clayton campuses, with classes being taught at either campus on any given day. The Honours program has a semester one intake only and commences with an induction week for all students.

Experience ‘STARdom’

Students are exposed to situations in the simulated stock market, and develop responses using a variety of financial

This inspiring program develops future business leaders. Selected undergraduate students studying commerce or accounting degrees at Clayton campus and majoring in accounting or finance, are challenged and extended with a particular focus on developing their leadership and selfmanagement skills to give them a competitive edge in their future careers. Students in the program have the opportunity to develop a wide range of skills in conjunction with their degree. These skills enhance students’ leadership potential in the workplace as well as benefit their university studies.

To find out more about honours, eligibility and how to apply visit www.buseco.monash.edu.au/aaf/study/honours

The Simulated Teaching and Research Laboratory (STARLab) is a purpose-built facility, at Monash University’s Caulfield campus. We have two STARLabs on campus, which run a suite of financial simulation programs. The STARLabs complement classroom teaching by simulating a financial environment, where textbook concepts are brought to life.

Accounting and finance leadership program

instruments to hedge risks and seek profits in competition with other traders. The STARLabs offer students hands-on application of financial decision-making, and are used in units covering general market operations, equity markets, financial and portfolio management, and bond markets. More recent applications have expanded into deeper risk management strategies using options and other derivatives as well as climate change and emissions trading.

The program comprises a two-day residential workshop, business challenges and professional development forums and seminars. These activities are run by professional corporate trainers and industry representatives from organisations that include Deloitte, Ernst & Young, Grant Thornton and KPMG.

International study program The accounting and finance international study programs are an exciting way to experience and explore how culture affects accounting, and banking and finance practices. Eligible students can study in the summer semester, completing theoretical workshops and modules in November and December, and then undertake a three-week study program across Europe in January, including classes at the Monash University Centre in Prato, Italy. As part of the tour, you will visit organisations in Rome, Prato, Basel, Paris, Munster, Amsterdam and London over 24 days, including the Food and Agriculture Organisation, Bank for International Settlements, OECD, Amsterdam Stock Exchange and the Bank of England. Highlights of this year’s program included a personal briefing from the Australian Ambassador to Italy on the Italian and European crisis; a lively discussion on the benefits and implementation of Basel III at the Bank for International Settlements and engaging presentations about the Global Reporting Initiative on the challenges of introducing sustainability reporting.

Professional business challenges Monash students regularly participate in business challenge events, hosted by industry and professional associations. These exciting professional events offer students the opportunity to test their skills on a real-life business issue, putting their theoretical knowledge, communications and presentation skills into practice. Each challenge focuses on different areas – including investment banking, financial services and accounting. Pictured here are the Monash Team, once again winners of the state final of the CFA Institute Research Challenge in 2012 who won the right to represent Melbourne and compete in the regional final in Kuala Lumpur in 2013.