Master of Applied Finance (coursework)

The Master of Applied Finance is a practical course designed for graduates working in the finance sector wishing to advance their knowledge of applied finance. The course also caters for students with a non-finance background who wish to move into the finance area. The curriculum is designed to complement the Chartered Financial Analyst (CFA) program and candidates preparing for the CFA qualification are encouraged to enrol in the Master of Applied Finance as a preparatory course.

Course overview

Course title
Master of Applied Finance (coursework)
Award abbreviation
MAppFin
Course code
42560
Course type
master's degree by coursework only
Status
current / 2018
Administered by
Faculty of Arts, Business, Law and Education
CRICOS code
083270B

Course details

Intake periods
Beginning of year and mid-year
Attendance type
full- or part-time (Student visa holders should read Education Services for Overseas Students Act 2000 for more information.)
Credit points required
96
A standard full-time load is 24 points per semester.
Standard course duration
1.5 years full-time (or equivalent part-time) comprising 72 points of taught units and 24 points of admission credit, as recognised and granted by the Faculty
Maximum course duration
2 years full-time (or equivalent part-time) comprising up to 96 points of taught study (see Rule 5 for further information)
Time limit
5 years
Delivery mode
internal
Locations offered
UWA (Perth)
Domestic fee type
Postgraduate fee-paying/FEE-HELP
Course Coordinator(s)
Assistant Professor Andrew Caminschi
Fees
Visit the fees calculator.

Prospective students should see the Future Students website for details on admission requirements, intake periods, fees, availability to international students, careers information etc.

Course structure

Key to availability of units:
S1 = Semester 1; S2 = Semester 2; SS = summer teaching period

All units have a value of six points unless otherwise stated.

Students who have not completed a Bachelor of Commerce or equivalent as recognised by the Faculty must complete relevant conversion units up to the value of 24 points from this group, as advised by the Faculty.

Graduate Certificate in Finance graduates that have not completed a Bachelor of Commerce but have completed ACCT5432 Introductory Financial Accounting (or equivalent) will be required to complete three (3) conversion units, as advised by the Faculty.

AvailabilityUnitcodeUnitnameUnit requirements
S1, S2ACCT5432Introductory Financial Accounting
Incompatibility:
ACCT1101 Financial Accounting, ACCT5602 Accounting
S1, S2ECON5541Economics for Business: Applications and Policy
Incompatibility:
ECON5503 Economic Management and Strategy
S1, S2MGMT5504Data Analysis and Decision Making
Incompatibility:
MGMT5513 Data Driven Decision Making
S1, S2, SSMGMT5610Applied Professional Business Communications
Incompatibility:
WACE/TEE English or equivalent or BUSN4003 Applied Business Communication

Take all units (48 points):

AvailabilityUnitcodeUnitnameUnit requirements
S1, S2ECON5506The Economics of Financial Markets
Prerequisites:
For Master of Commerce and Master of Economics students: ECON5541 Economics for Business: Applications and Policy or ECON5516 The Economics of Public Policy; for Master of Applied Finance students: a finance major or FINA5533 Finance Essentials and FINA5523 Financial Statement Analysis and Business Valuation and FINA5632 Investments and FINA5631 International Financial Analysis
S1, S2FINA5520Risk Management and Financial Instruments
Prerequisites:
for Master of Commerce students: FINA5432 Introduction to Finance or equivalent; for Master of Applied Finance students: a finance major or FINA5533 Finance Essentials and FINA5523 Financial Statement Analysis and Business Valuation and FINA5632 Investments and FINA5631 International Financial Analysis
S1, S2FINA5521Quantitative Methods in Finance
Prerequisites:
a finance major or FINA5533 Finance Essentials and FINA5523 Financial Statement Analysis and Business Valuation and FINA5632 Investments and FINA5631 International Financial Analysis
S1, S2FINA5524Trading and Markets
Prerequisites:
for Master of Commerce students: FINA5432 Introduction to Finance or equivalent; for Master of Applied Finance students: a finance major or FINA5533 Finance Essentials and FINA5523 Financial Statement Analysis and Business Valuation and FINA5632 Investments and FINA5631 International Financial Analysis
Incompatibility:
FINA3307 Trading in Securities Markets
S1, S2FINA5525Strategic Finance
Prerequisites:
FINA5520 Risk Management and Financial Instruments and FINA5521 Quantitative Methods in Finance and FINA5524 Trading and Markets and ECON5506 The Economics of Financial Markets
S1, S2FINA5526Funds Management
Prerequisites:
for Master of Commerce students: FINA5432 Introduction to Finance; for Master of Applied Finance students: FINA5520 Risk Management and Financial Instruments and FINA5521 Quantitative Methods in Finance and FINA5524 Trading and Markets and ECON5506 The Economics of Financial Markets
S1, S2FINA5527Private Wealth Management and Venture Capital
Prerequisites:
for Master of Commerce students: FINA5432 Introduction to Finance; for Master of Applied Finance students: FINA5520 Risk Management and Financial Instruments and FINA5521 Quantitative Methods in Finance and FINA5524 Trading and Markets and ECON5506 The Economics of Financial Markets
S1, S2LAWS5176Australian Financial Transactions Law and Regulation
Prerequisites:
for Master of Commercial and Resources Law and Master of Taxation Law students: nil; for Master of Applied Finance students: FINA5520 Risk Management and Financial Instruments and FINA5521 Quantitative Methods in Finance and FINA5524 Trading and Markets and ECON5506 The Economics of Financial Markets

Take unit(s) to the value of 24 points:

Finance major units

AvailabilityUnitcodeUnitnameUnit requirements
S1, S2FINA5529Topics in Finance 1
Prerequisites:
for Master of Commerce students: FINA5635 Corporate Finance (or equivalent), FINA5632 Investments (or equivalent) and FINA5520 Risk Management and Financial Instruments; for Master of Applied Finance students: FINA5527 Private Wealth Management and Venture Capital and FINA5526 Funds Management and LAWS5176 Australian Financial Transactions Law and Regulation and FINA5525 Capital Markets
S1, S2FINA5531Fixed Income Securities
Prerequisites:
FINA5527 Private Wealth Management and Venture Capital and FINA5526 Funds Management and LAWS5176 Australian Financial Transactions Law and Regulation and FINA5525 Capital Markets
S1, S2FINA5532Behavioural Finance
Prerequisites:
FINA5527 Private Wealth Management and Venture Capital and FINA5526 Funds Management and LAWS5176 Australian Financial Transactions Law and Regulation and FINA5525 Capital Markets
S1, S2FINA5888Topics in Finance 2
Prerequisites:
FINA5527 Private Wealth Management and Venture Capital and FINA5526 Funds Management and LAWS5176 Australian Financial Transactions Law and Regulation and FINA5525 Capital Markets
Incompatibility:
FINA2209 Financial Planning or FINA5529 Topics in Finance if completed in 2017

Take unit(s) to the value of 24 points:

Non Finance major units

AvailabilityUnitcodeUnitnameUnit requirements
S1, S2FINA5523Financial Statement Analysis and Business Valuation
Prerequisites:
for Master of Commerce and Master of Professional Accounting students: FINA5432 Introduction to Finance (or equivalent); for Master of Applied Finance students: a Bachelor of Commerce or ECON5541 Economics for Business: Applications and Policy and MGMT5504 Data Analysis and Decision Making and ACCT5432 Introductory Financial Accounting and MGMT5610 Applied Professional Business Communications
S1, S2FINA5533Finance Essentials
Prerequisites:
for Master of Applied Finance students: a Bachelor of Commerce or ECON5541 Economics for Business: Applications and Policy and MGMT5504 Data Analysis and Decision Making and ACCT5432 Introductory Financial Accounting and MGMT5610 Applied Professional Business Communications
S1, S2FINA5631International Financial Analysis
Prerequisites:
Bachelor of Commerce or ECON5541 Economics for Business: Applications and Policy and MGMT5504 Data Analysis and Decision Making and ACCT5432 Introductory Financial Accounting (or equivalent) and MGMT5610 Applied Professional Business Communications
S1, S2FINA5632Investments
Prerequisites:
Master of Commerce students: ACCT5432 Introductory Financial Accounting and FINA5432 Introduction to Finance; Master of Applied Finance students: Bachelor of Commerce or ECON5541 Economics for Business: Applications and Policy and MGMT5504 Data Analysis and Decision Making and ACCT5432 Introductory Financial Accounting (or equivalent) and MGMT5610 Applied Professional Business Communications

See also the rules for the course and the Student Rules.

Rules

Applicability of the Student Rules, policies and procedures

1.(1) The student procedures apply, except as otherwise indicated in the rules for this course.

Academic Conduct Essentials module

2.(1) Except as stated in (2), a student who enrols in this course for the first time irrespective of whether they have previously been enrolled in another course of the University, must undertake the Academic Conduct Essentials module (the ACE module).

(2) A student who has previously achieved a result of Ungraded Pass (UP) for the ACE module is not required to repeat the module.

English Language competency requirements

3.(1) To be considered eligible for consideration for admission to this course an applicant must satisfy the University's English language competence requirement as set out in the University Policy on Admission: Coursework, except as otherwise indicated in the rules for this course.

(2) Exceptions to the University's English language competence requirement as set out in the University Policy on Admission: Coursework may be considered provided the applicant satisfies additional admission requirements as set out in Rule 4(d) or 4(e), where relevant.

Admission requirements

4. To be considered for admission to this course an applicant must have—

(a) (i) a bachelor's degree, or an equivalent qualification, as recognised by UWA; and either

(ii) the equivalent of a UWA weighted average mark of at least 60 percent; or

(iii) a valid Graduate Management Admission Test (GMAT) score of at least 5501; or

(iv) at least five years of relevant documented professional experience considered by UWA to be sufficient to permit satisfactory completion of the course;

or

(b) a UWA graduate certificate which articulates with this course with a weighted average mark of at least 65 per cent;

or

(c) a graduate certificate or equivalent from an equivalent and accredited course from another institution with a weighted average mark of at least 70 per cent;

or

(d) a bachelor's degree, or an equivalent qualification, as recognised by UWA; and

(i) the equivalent of a UWA weighted average mark of at least 60 percent; and

(ii) successful completion of the UWA Pre-Master's Program in Business with a weighted average mark of at least 60 percent (for applicants with an overall IELTS score of at least 6 with no band less than 5.5); or

(iii) successful completion of the UWA Pre-Master's Program in Business with a weighted average mark of at least 60 percent; and

(iv) successful completion of a ten week CELT course (minimum B+) (for applicants with an overall IELTS score of at least.5 with no band less than 5.0);

or

(e) a bachelor's degree, or an equivalent qualification, as recognised by UWA; and

(i) successful completion of the UWA Pre-Master's Program in Business with a weighted average mark of at least 60 percent; and

(ii) successful completion of the Graduate Certificate in Commerce with a weighted average mark of at least 65 percent (for applicants with an overall IELTS score of at least 6 with no band less than 5.5); or

(iii) successful completion of the UWA Pre-Master's Program in Business with a weighted average mark of at least 60 percent; and

(iv) successful completion of the Graduate Certificate in Commerce with a weighted average mark of at least 65 percent; and

(v) successful completion of a ten week CELT course (minimum B+) (for applicants with an overall IELTS score of at least 5.5 with no band less than 5.0);

1 GMAT is valid for 5 years

Admission ranking and selection

5. Where relevant, admission will be awarded to the highest ranked applicants or applicants selected based on the relevant requirements.

Articulations and exit awards

6.(1) The following courses form part of an articulated sequence:

  • 41250 Graduate Certificate in Finance (24 points)
  • 41280 Graduate Certificate in Commerce (24 points)
  • 42560 Master of Applied Finance (96 points)

(2) A student who withdraws from the Master of Applied Finance course before completing it, but after fulfilling the requirements of a lesser award in the above sequence, may apply for the relevant award.

Course structure

7.(1) The course consists of units to a total value of 96 points (maximum value) which include conversion units to a value of 24 points.

(2) Units must be selected in accordance with the course structure, as set out in these rules.

(3) Students who have completed a Bachelor of Commerce of this University or equivalent as recognised by the Faculty are granted credit for conversion units up to a value of 24 points.

Satisfactory progress

8. To make satisfactory progress in a calendar year a student must pass units to a value of at least half the total value of units in which they remain enrolled after the final date for withdrawal without academic penalty.

9. A student who has not achieved a result of Ungraded Pass (UP) for the ACE module when their progress status is assessed will not have made satisfactory progress even if they have met the other requirements for satisfactory progress in Rule 8.

Progress status

10.(1) Students who make satisfactory progress in terms of Rule 8 are assigned a progress status of 'Good Standing' by the Faculty and are permitted to re-enrol.

(2) Unless the Faculty determines otherwise in exceptional circumstances, students who fail to make satisfactory progress are assigned a progress status of 'Excluded' by the Faculty.

(3) Students seeking to re-enrol in the course after being assigned a progress status of 'Excluded' must submit, after a period of at least twelve months, sufficient reason to the Faculty, in writing, demonstrating why an improvement in performance could reasonably be expected.

(4) Students who have been assigned a progress status of 'Excluded' and are subsequently permitted by the Faculty to re-enrol are assigned a progress status of 'On Probation' and must meet any conditions determined by the Faculty.

(5) Students who meet the conditions determined by the Faculty under (4), are assigned a progress status of 'Good Standing' by the Faculty.

(6) Students who have been assigned a progress status of 'On Probation' and who fail to meet conditions determined by the Faculty are assigned a progress status of 'Excluded'.

11. A student who does not make satisfactory progress in terms of Rule 9 is assigned the progress status of 'On Probation', unless they have been assigned a progress status of 'Suspended' or 'Excluded' for failure to meet other satisfactory progress requirements in Rule 8.

Award with distinction

12. To be awarded the degree with distinction a student must achieve a course weighted average mark (WAM) of at least 80 per cent in—

(a) all units above Level 3 attempted as part of the course that are awarded a final percentage mark;

(b) all relevant units above Level 3 undertaken in articulating courses of this University that are awarded a final percentage mark;

and

(c) all units above Level 3 completed at this University that are credited to the master's degree course.

Additional rules
Alternative exit award

13. A student who withdraws from the course before completing the course requirements but after completing units to the value of 24 points for the Graduate Certificate in Finance may apply to the Faculty to be awarded the relevant qualification