Bachelor of Applied Finance with the degree of Bachelor of Economics
ATAR/Course cut-off
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Overview
Finance is the study of the management of money, banking, investment and credit. It involves financial organisations, markets and instruments, their effect on the flow of funds within the economy and the control of risk.
Economics deals with the production, distribution, consumption and management of goods and services. It explores how the decisions made by producers, consumers, businesses and governments affect our society.
This double degree is designed to give you practical financial skills and the latest economic understanding which can be applied to real industry, social and governmental situations.
Key features
- Complete two respected degrees with only one additional year of study.
- Learn from highly qualified lecturers who have a practical understanding of finance.
- Step straight into the workforce with financial, microeconomic, macroeconomic and econometric skills.
Minimum course duration
4 years full-time / equivalent part time
Location
North Ryde
UAC Code
300271
Suitable for
If you are interested in the principles of economies and want a solid understanding of economic issues. If you enjoy maths and numbers and are interested in a financial sector 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 knowledge)
- 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 | 96 |
| Minimum number of credit points at 200 level or above | 60 |
| Minimum number of credit points at 300 level or above | 30 |
| Minimum number of credit points designated as commerce | 42 |
| Completion of a designated People unit | |
| Completion of a designated Planet unit | |
| Completion of other specific minimum requirements as set out below |
Specific requirements
The following outlines the units (subjects) to be studied within this double degree
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
Graduates are well qualified for employment in finance and banking both in Australia and internationally. They have excellent career opportunities in financial institutions, finance departments of large private companies and Government Departments and Agencies, working in such roles as security and currency trading, portfolio management, investment advising, policy development and analysis, financial risk analysis.
Employers
- Accounting and consultancy firms
(such as Accenture, Price Waterhouse) - Commercial banks
(such as Commonwealth Bank, AMP) - Government
(such as Treasury, Reserve Bank, Productivity Commission) - International organisations
(such as IMF, World Bank, OECD) - Investment banks
(such as Macquarie Bank, Goldman Sachs) - NGOs
(such as Greenpeace, World Health Organisation) - Research organisations
(such as NERA Economics Consulting, Access Economics) - Universities (such as Macquarie University)
Average starting salary
According to Graduate Careers Australia, the median salary for economics graduate is $50,000. After a few years in the workforce economists can earn around $60,000 or more. Senior economists and econometricians can earn in excess of $150,000.
The average starting salary for a graduate analyst in the financial sector is $50,000 (MyCareer.com Salary Centre).
Profiles
Our Students
Austin Uebel
Studying a combined degree has provided me with a comprehensive educational experience. The great thing about my degree though is that it also gives me some freedom to study subjects outside my faculty, whether it be environmental studies, information systems, or even vocal studies. I find that this gives me the ability to explore different areas of the University, meet people in other faculties, and generally do other courses that I find interesting.
Our Graduates
Kelly Wyett
Kelly works as an Economist for the Reserve Bank of Australia (RBA) in their Overseas Economies Department, where she is responsible for conducting research and analysis on various Asian economies. Kelly was awarded an RBA cadetship in her penultimate year at university, allowing her to undertake a summer placement with the bank. Kelly believes that the standard of the Macquarie economic honours program has given her the technical, analytical and research skills needed to perform well in her current role.
Our Expertise
Associate Professor Roselyne Joyeux
Roselyne received a PhD in Economics and a Master degree in Mathematics from the University of California. She has held positions at Cornell University, the University of Auckland, the Centre for Operations Research and Econometrics at the University of Louvain-la-Neuve and the GREQAM at the University of Provence. She has also taught for the European Consortium for Political Research at the University of Essex. Roselyne's research focuses on time series analysis and its applications to finance, energy economics and macroeconomics; panel data and financial econometrics.
an education in the top two per cent of universities in the world, giving you an international recognised and respected degree
