• Application Deadline
  • 60 months
    Duration
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Overview

Taught by the Department of Finance, which is internationally recognised for its world-class research and research training and augmented by visitors from the world's top finance programs.

The Doctoral Program in Finance from University of Melbourne is made up of a 2-year Master of Commerce coursework program followed by a 3-year PhD.

Generous scholarships (full fee waivers and a stipend of AUD$30,000 per year) are available for high-performing applicants through the University of Melbourne.

Top-up funding of AUD $10,000 available for research, experiments and conferences during the research phase of the program.

Graduate Research candidates are provided with funding and encouraged to submit papers to prominent local and international finance journals and conferences. Students are also encouraged to apply for tutoring positions within the Department throughout their candidature.

Where will this take me?

The Melbourne Business School Doctoral program prepares graduates for research and teaching careers at top-ranked educational institutions and for careers where world-class research and advanced analytical skills are necessary.

Detailed Programme Facts

  • More details:

    Semester 2 intake only. 

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 60 months
    Part-time
    • Average part-time duration 96 months
  • Credits
    200 alternative credits

    points

  • Languages
    • English
  • Delivery mode
    On Campus
  • More information Go to the programme website

Programme Structure

Specialised topics:

  • Asset pricing and portfolio/funds management
  • Corporate finance and corporate governance
  • Derivatives and risk management
  • Financial institutions and regulation
  • Market microstructure

English Language Requirements

  • Minimum required score:

    7

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Get a free IELTS practice test
  • Minimum required score:

    94

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    600

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®
  • Minimum required score:

    65

    PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. Delivered and marked by computer, it reports on a scale between 10 and 90.

Academic Requirements

You need the following GPA score:

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

CRICOS Code: 056955G | 092762G

In order to be considered for entry, you must have completed:

  • a four-year bachelor degree in a relevant discipline which includes a substantial research component equivalent to at least 25% of one year of full-time study and have achieved a minimum weighted average of 75% (80% for Economics) in the final year subjects or (University of Melbourne) equivalent, or
  • a masters degree in a relevant discipline which includes a substantial research component equivalent to at least 25% of one year of full-time study and achieved a minimum weighted average of 75% or (University of Melbourne) equivalent, or
  • a qualification and professional experience considered to be equivalent.

Tuition Fee

  • International

    45824 AUD/year
    Tuition Fee
    Based on the original amount of 45824 AUD per year and a duration of 60 months.
  • National

    34816 AUD/year
    Tuition Fee
    Based on the original amount of 34816 AUD per year and a duration of 60 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Melbourne

  • 1501 - 2660 AUD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

All applicants made an offer of a place in a graduate research program will receive a AUD$33,000 per year living stipend (full-time only) and waived tuition fees for up to 5 years.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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