Undergraduate Information - Finance 2016

Undergraduate information

Finance

Capital markets and financial institutions Investments and financial planning Corporate finance

Contents Bachelor of Commerce major in finance

2

Careers in finance

4

Studying the finance major

5

Study options for finance majors

6

Studying finance as breadth

7

Contact us

Back cover

#1

in Australia

#33

in the world Times Higher Education World University Rankings 2014–2015

Bachelor of Commerce major in Finance Finance is the study of money management. As a finance student, you will learn how to raise funds, choose investments and grow wealth.

IS THE FINANCE MAJOR FOR ME?

Ranked 13th in the world for graduate employabilityE

Do your friends come to you for advice?

Do you do well in stressful situations?

Are you good at maths? If you are a confident decision maker who can work independently and process information quickly, you should consider finance.

Our graduates are known for their perceptive understanding of business issues, skilful communication and strong leadership.

WHAT WILL I LEARN?

The finance major is ideal preparation for the CFA exams, a requirement for designation as a Chartered Financial Analyst®.

Studying finance will help you understand stocks and bonds, banking, budgeting, debt and how markets function. You will learn how to value assets, find opportunities to save and analyse investment options.

AM I A GOOD FIT? To excel in finance you need to be inquisitive, commercially aware, mature, efficient and detail-oriented. You need to be a strategic thinker with excellent people skills, who is comfortable with technology and change.

WHY CHOOSE MELBOURNE? Ranked 14th in the world and 3rd in the Asia-Pacific region for FinanceQ Study at Australia’s best university.W Learn from internationally renowned academics, with some of the world’s brightest students.

Exciting student experience opportunities

Recognised as a CFA Program Partner of the CFA Institute

Generous scholarship opportunities The Faculty of Business and Economics offers a number of scholarships to domestic and international students commencing the Bachelor of Commerce. Additional scholarships and subject prizes are available to current students, so you have the opportunity to be rewarded for your hard work throughout your degree by one of Australia’s most generous scholarship programs.

Q QS World University Rankings by Subject 2015 W Times Higher Education World University Rankings 2015 E QS World University Rankings 2015

As part of your degree you can join a student club, volunteer in communities, travel overseas, and build your professional skills.

“I want to be in a position where I can wake up and not feel like I’m working when I go to work, but that I’m pursuing something I care about – something that feels totally feasible thanks to the Bachelor of Commerce.”

Sam Steiner, Bachelor of Commerce, major in Finance and Marketing

2

Kyle Sutcliffe Investment banking, New York

Renata Rejas Private equity and venture capital, Lima

Heath Jamieson Management consulting, Singapore

Becky Tang Financial planning and Analysis, Melbourne

Evangeline Ho Real estate, Singapore

Dhanu Narenthiran Financial Services Consultant, Perth

Lizzie Reid Wealth management, London

Harrison Fenton Investment banking, Melbourne

Finance

WHERE COULD THE FINANCE MAJOR TAKE YOU?

3

Careers in finance Our graduates receive high-level finance training, combined with exposure to complementary disciplines and opportunities for development outside the classroom.

They enjoy excellent career outcomes, including high starting salaries, outstanding job satisfaction and exceptional employment rates.

WHERE DO FINANCE GRADUATES WORK? “I want to overcome gender inequality and become a role model for other females who want to pursue a career in finance; investment banking in particular.”

Some of our most recent graduates are now working at: A.C.

Nielsen Kearney ANZ Banking Group Australian Administration Services Australian Customs and Border Protection Service Australian Taxation Office Bell Potter Securities BHP Billiton Boston Consulting Group Cameron Harrison CBRE Citigroup Clayton Utz DBA Lawyers Dixon Advisory Ernst & Young Goldman Sachs Grant Thornton Haddington Accountants IBM Australia Jones Lang LaSalle JPMorgan & Chase KPMG Kraft Foods Lazard Longriver Investments MAP Capital Advisors Minter Ellison Morgan Stanley National Australia Bank Newcrest Mining OCBC Bank Oz Property Group Pitcher Partners PricewaterhouseCoopers Singapore Airlines Suncorp-Metway Target Australia Towers Watson UBS Unilever United Overseas Bank Westpac A.T.

4

Aya Haruyama, major in Finance and Marketing

CAREER PROGRESSION IN FINANCE Sample job titles

In 5-10 years Broker Consultant

Your first job

Manager

Adviser

Senior

Analyst

Trader

Associate

Vice

Banker

In 15-20 years

Graduate Planner

Planner

President

Chief

Executive Officer

Chief

Financial Officer

Financial

Controller

Managing Partner Treasurer

Director

Studying the finance major The finance major is extremely popular, both as a single major and in combination with other disciplines. It is a versatile major that sharpens your problem solving skills and provides valuable training for any industry.

BACHELOR OF COMMERCE 24 subjects (usually 8 per year)

Sample course plan – Bachelor of Commerce Q Major in Finance Semester 1

Introductory Microeconomics

Quantitative Methods 1

Semester 2

Introductory Microeconomics

Finance 1

Semester 1

Quantitative Methods 2 W

Business Finance

Semester 2

Organisational Behaviour

Semester 1

Investments

Semester 2

Corporate Finance

Year 1

Year 2

Year 3

Compulsory subjects 5 subjects to cover Business and Economics fundamentals

Derivative Securities

Compulsory subjects

Finance Subjects

Free elective subjects E

Major and elective subjects

Q This is a sample course plan only. Subjects offered may change from year-to-year. You will be advised of current subject offerings prior to subject selection and enrolment.

11-15 subjects to deepen your finance knowledge

W There is a choice of Level-2 subjects available to fulfil the quantitative requirement for the Bachelor of Commerce.

Breadth subjects

E You must complete a specified number of Business and Economics and breadth subjects at particular levels to meet Bachelor of Commerce degree requirements.

4-8 subjects from other disciplines If you would like to deepen your finance knowledge, there are a variety of electives available throughout the degree.

Year 2 Electives Introduction

to Real Estate Analysis

Introductory

Personal Finance

Management

of Financial Institutions

Year 3 Electives Asian

Capital Markets

Entrepreneurial Ethics

Finance

in Finance

Intermediate

Personal Finance

International

Finance

Real

Estate Finance

This sample course plan names compulsory subjects in the Bachelor of Commerce and minimum subjects required for the finance major. In total these comprise 10 of 24 subjects of the degree. If you intend to pursue Honours in Finance you will also need to study either Basic Econometrics or Econometrics in your final year.

HONOURS IN FINANCE If you intend to work in a sector of the industry that values the ability to synthesise diverse information – like investment banking, consulting, risk management and international finance – we recommend that you do an honours year.

Honours in Finance is completed over an additional year of study, usually taken immediately after the Bachelor of Commerce degree. It is an integrated program that features small classes, close interaction with your supervisor, and an emphasis on research and specialised subject areas.

Our honours graduates are extremely sought-after, and most are employed before they complete the degree.

5

Finance

The Bachelor of Commerce consists of 24 subjects, usually taken over three years of full-time study. The degree is very flexible and allows you to choose subjects across a range of disciplines. You must complete at least one major within the Bachelor of Commerce. The finance major is made up of a sequence of subjects that builds progressively on your knowledge in the discipline. Upon completion of the major, you will have developed expertise in the core areas of finance and enjoyed opportunities to expand your knowledge in specialist areas.

Study options for finance majors The Bachelor of Commerce degree is extremely flexible and is designed to help you explore your interests. Choosing the finance major still keeps you open to other possibilities – what subjects you choose is up to you.

Electives are available across the range of Bachelor of Commerce disciplines.

With careful planning, you could complete a second major.

WHAT CAN I COMBINE WITH THE FINANCE MAJOR? Second major options: Accounting (including accreditation), Economics, Management and Marketing.

We do not recommend any particular combinations - the choice depends on your interests and career goals. You can wait until your second year to decide which discipline you wish to double major in.

WHAT BREADTH SUBJECTS CAN I DO? There is a wealth of study options available at the University. You can take all your breadth subjects in one discipline, or break them up to explore different interests.

Keep in mind that some subject areas have study prerequisites, and completing particular breadth subjects can lead to graduate study.

Breadth subjects are available in these study areas: Agriculture,

animal studies, food science and veterinary science

Architecture, Education,

building and planning

teaching and training

Engineering

and geomatics

Environment

and natural resources

Historical,

philosophical, political and social studies

Information

technology and systems

Language,

literature and cultural studies

Law,

legal studies and criminology

Medicine, dentistry, health and welfare Music Performing

and visual arts, theatre, film and television

Sciences

6

and mathematics

“Initially I hope to work in the financial services industry.

Further down the track I want to work in microfinance in the Middle East, more specifically working with women in rural communities to become financially independent."

Rannia Al-Salihi, major in Finance and Economics, President of the Financial Management Association Australia (FMAA) 2015.

Studying finance as breadth Can I do finance subjects even if I’m not a Bachelor of Commerce student?

Yes, you can. One of the cornerstones of Melbourne degrees is breadth studies – the opportunity for all students to take subjects from outside their major area of study.

Breadth studies in finance are available to students in the Bachelor of Arts, Bachelor of Biomedicine, Bachelor of Environments, Bachelor of Music or Bachelor of Science.

If you would like to take finance subjects first check the structure of your degree to see whether it's possible. Note that all finance subjects have prerequisites, usually a study score of 25 in VCE Mathematical Methods (CAS) Units 3 and 4 (or equivalent) plus an approved quantitative subject.

We recommend studying Finance 1 in your first year to start with. From there you can mix and match subjects based on your interests, or complete a sequence of subjects – called a breadth track – to progressively build your finance knowledge.

ECONOMICS & FINANCE For non-Bachelor of Commerce students who wish to explore future careers in consulting or investment banking.

Finance

Finance

1

ETHICS AND INVESTING

Introductory

Econometrics OR Quantitative Methods 2

Quantitative

Methods 1

Two

of: Corporate Finance, Derivative Securities, Investments

YOUR MONEY OR YOUR LIFE Provides insights into personal saving, and why a crisis is imminent in the retirement saving of our ageing population.

Business Finance

Finance

1

Intermediate

Personal Finance

(optional) Introductory

Personal Finance

REAL ESTATE AND THE AUSTRALIAN DREAM Explores whether demographic changes explain trends in home ownership, and why retail areas succeed or fail.

Business Finance

Business Ethics

Finance

in Finance

Finance

1

FUNDAMENTALS OF FINANCE AND ACCOUNTING Provides sufficient accounting and finance knowledge to gain a basic level of financial literacy, with an emphasis on the operation of financial markets.

Accounting Business Finance

Reports and Analysis

Finance

1

The Master of Management (Finance) offered through Melbourne Business School is ideal for non-finance graduates who want to pursue a career in the finance industry. It is also a great option for Bachelor of Commerce students who wish to add finance to their portfolio.

The program will equip you with advanced competencies, professional skills and knowledge in the finance discipline to prepare you for immediate entry into the finance profession.

The Master of Management (Accounting and Finance) program is another option, and is designed for students who would like to combine studies in both disciplines.

FIND OUT MORE mbs.unimelb.edu.au

Finance

1

Introduction Real

How not to repeat the Global Financial Crisis and what you can do as an investor to help save the planet.

GRADUATE STUDY FOR NON-FINANCE MAJORS

to Real Estate Analysis

Estate Finance (optional)

7

Finance

Business

bcom.unimelb.edu.au

CONTACT US University of Melbourne Information Centre Gate 3, Swanston Street The University of Melbourne Victoria 3010 Australia

13 MELB (13 6352) +61 3 9035 5511 13MELB@unimelb.edu.au

Finance Undergraduate Information brochure

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Authorised by: Executive Director, External Relations, July 2015 Published by: The Faculty of Business and Economics Photography: Joe Vittorio, Tessa Shaw and Wei Wei Chong CRICOS Provider Code: 00116K