Bachelor of Applied Finance with the degree of Bachelor of Laws
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Overview
Finance is the study of money, banking, investment and credit. It involves the study of financial organisations, markets and instruments and their effect on the flow of funds within the economy. In this combined degree you'll study corporate finance, derivative pricing, finance theory, portfolio management and credit, market and operational risk.
Macquarie Law will give you knowledge of legal principles and the critical and analytic skills to really understand them. You'll study established areas such as constitutional law, international law, contract law and family law. You'll also look at areas of contemporary concern such as consumer law, environmental law, health law and information technology law.
This double degree will give you a greater insight into the role of law in finance.
Key features
- Complete two respected degrees in five years of study.
- Learn from highly qualified lecturers who have a practical understanding of finance or are experts in their field of law.
- Accredited by the Supreme Court of New South Wales for legal practice.
Minimum course duration
5 years full-time / equivalent part time
Location
North Ryde
UAC Code
300312
Suitable for
If you enjoy critical thinking, legal studies and mathematics and are interested in a dynamic and practical finance or law career.
HECS Course fee
AUD $8,180.00 p.a.
Student amenities fee
Information on the Student services and amenities fee
Entry requirements
- HSC Mathematics (Assumed Knowledge)
- Mathematics Extension 1 (Recommended)
- Introductory units and bridging courses are available for students without the assumed and/or recommended prior knowledge.
English language requirements
If you have completed the NSW HSC or equivalent you satisfy the English proficiency requirements.
For full information view the English proficiency requirements table (436 Kb).
Work experience requirements
What you will study
| General requirements | Credit Points |
|---|---|
| Minimum number of credit points for the degree | 123 |
| Minimum number of credit points at 200 level or above | 84 |
| Minimum number of credit points with a LAW prefix | 72 |
| Minimum number of credit points from Commerce designated units | 42 |
| Completion of a designated People unit | |
| Completion of a designated Planet unit | |
| Completion of a designated Participation unit | |
| Completion of other specific minimum requirements as set out below |
Specific requirements
The following outlines the units (subjects) to be studied within this combined degree
| 100 level | Credit Points | ||||
|---|---|---|---|---|---|
| Required | ACST101 | Techniques and Elements of Finance | 3 | ||
| Required | ECON110 | Macroeconomic Principles | 3 | ||
| Required | ECON111 | Microeconomic Principles | 3 | ||
| Required | either | STAT170 | Introductory Statistics | ||
| or | STAT171 | Statistical Data Analysis | 3 | ||
| Required | either | ACCG100 | Accounting IA | ||
| or | ACCG106 | Accounting Information for Decision-Making | 3 | ||
| Required | LAW115 | Foundations of Law | 3 | ||
| Required | LAW109 | Criminal Justice and Procedure | 3 | ||
| 200 level | Credit Points | ||||
| Required | AFIN252 | Applied Financial Analysis and Management | 3 | ||
| Required | ECON241 | Introductory Econometrics | 3 | ||
| Required | either | ACST201 | Financial Techniques, Instruments and Markets | ||
| or | ACST202 | Mathematics of Finance | 3 | ||
| Required | either | ECON203 | Microeconomic Analysis | ||
| or | ECON204 | Macroeconomic Analysis | 3 | ||
| Required | LAW203 | Torts | 3 | ||
| Required | LAW204 | Contracts | 3 | ||
| Required | LAW208 | Law, Lawyers and Society | 3 | ||
| Required | LAW214 | Jurisprudence | 3 | ||
| 300 level | Credit Points | ||||
| Required | AFIN310 | C | Issues in Applied Finance | 3 | |
| Required | ECON334 | Financial Econometrics | 3 | ||
| Required | 9cp from | AFIN328 | Financial Risk Management | ||
| AFIN329 | Security Pricing and Hedging | ||||
| AFIN352 | Applied Portfolio Management | ||||
| AFIN353 | Corporate Financial Design | ||||
| ACST306 | Quantitative Asset and Liability Modelling 1 | 9 | |||
| Required | 3cp from | ECON335 | The Economics of Financial Institutions | ||
| ECON350 | Money and Finance | ||||
| ECON360 | International Finance | 3 | |||
| Required | LAW314 | Constitutional Law and Administration I | 3 | ||
| Required | LAW315 | Constitutional Law and Administration II | 3 | ||
| Required | LAW316 | Property Law | 3 | ||
| Required | LAW317 | Equity and Trusts | 3 | ||
| 400 level | Credit Points | ||||
| Required | LAW456 | Business Organisations | 3 | ||
| Required | LAW459 | International Law | 3 | ||
| 500 level | Credit Points | ||||
| Required | LAW555 | C | Remedies | 3 | |
| Required | LAW550 | Litigation | 3 | ||
| Additional level | Credit Points | ||||
| Required | 3cp from | LAW488 | Access to Justice Placement Program | ||
| LAW551 | Professional and Community Engagement | ||||
| LAW599 | Legal Governance and Professional Leadership | 3 | |||
| Required | 27cp from | LAW units at 400 or 500 level | 27 | ||
| Balance of credit points required (Electives) | 6 | ||||
| Total credit points required to satisfy this combined degree | 123 | ||||
Notes
- Units marked with a C are Capstone units.
- The course information contained on this page is applicable for 2012 ONLY.
For more information please read the courses disclaimer.
Careers
Accreditation
The Bachelor of Applied Finance, and associated double degrees, have been approved by ASIC (Australian Securities and Investments Commission - authorised assessors) as meeting ASIC training requirements in relation to RG 146 compliance for generic knowledge, skills, securities, derivatives, managed investments, deposit products and non cash payment facilities, and foreign exchange, subject to the completion of certain units. Refer to the "What You Will Study" section for details.
Career Opportunities
Employment within a Legal practice (barrister or solicitor).
Employment in academic institutions, central or local government, community legal centres, in commerce or labour and industry, legal advising in law reform, legal publishing, research or administration in government, industry or trade unions, the police, prison service or military.
Employers
- Banks and other financial institutions
- Boutique law firms
- Community legal centres
- Environmental organisations
- Health services, including hospitals
- Large national and international legal firms
- Media organisations
- Trade unions
- The judiciary
- Universities
Average starting salary
According to MyCareer.com Salary Centre, the average starting salary for a graduate analyst in the financial sector is $50,000.
Average starting salary for a law graduate is $52,000 (Graduate Career Australia).
Profiles
Our Students
Mark Hinchen
Macquarie has provided me with a university experience that I believe is second to none. Throughout my degree I have been taught by academics that are passionate about their subject matter and this has been reflected in their teaching. The subjects have been challenging and exciting with lecturers updating their course material constantly to keep their units up to date.
Macquarie has provided me with an experience that has been so much more than academic. The vibrant nature of the University, with many student societies and social events has given me the chance to interact with a diverse range of individuals and form some of my closest friendships.
My degree drew on a range of subjects from different departments, giving me a well rounded financial education covering everything from financial maths, to economic assumptions and accounting valuations.
Our Expertise
Associate Professor Stefan Trueck
Stefan received a PhD in Statistics from University of Karlsruhe in Germany. His current research interests focus on risk management and financial econometrics including the fields of credit risk, power markets, carbon trading and real estate finance. He has several years of consulting experience with financial institutions in Europe.
an education in the top two per cent of universities in the world, giving you an international recognised and respected degree
