Banking - Murdoch Univers

Murdoch University's Banking major equips students with expertise in customer relations, risk management, and banking systems. Through a comprehensive curriculum and industry collaborations, the program prepares graduates for diverse careers in the financial services sector, including banking, finance, and insurance. Graduates are eligible for professional memberships, connecting them to industry networks and enhancing their career prospects.

Program Outline

Banking Major at Murdoch University

Degree Overview:

The Banking major at Murdoch University provides students with the skills and knowledge necessary for a successful career in the dynamic world of banking. The program emphasizes the importance of building strong customer relationships, understanding financial risk management, and navigating the complexities of the Australian and international banking systems.

Objectives:

Develop a comprehensive understanding of the banker-customer relationship and the skills needed to build trust and manage loans.
Gain expertise in strategic investment decisions and financial planning to help individuals, businesses, and governments achieve their financial goals.
Master the principles of interest, credit, and liquidity risk management, crucial for navigating the inherent debt structure of banking institutions.
Analyze the workings of the Australian banking system and its impact on the local business environment and international trade.

Outline:

Structure:

The Banking major requires 24 credit points.
Students must complete all required units within the major.

Course Schedule:

The program is offered full-time or part-time.
Students can choose to study the Banking major as part of a Bachelor of Business, Bachelor of Laws / Bachelor of Business, or Bachelor of Business / Bachelor of Entrepreneurship and Innovation.

Individual Modules:

BSL201 Finance Law (3 credit points): This unit explores the legal framework governing financial transactions and institutions.
BUS140 Introduction to Finance (3 credit points): This unit introduces fundamental financial concepts, including financial statements, valuation, and risk management.
BUS171 Foundations of Economics (3 credit points): This unit provides a foundation in economic principles, including supply and demand, market structures, and macroeconomic indicators.
BUS286 Corporate Finance (3 credit points): This unit focuses on the financial decisions made by corporations, including capital budgeting, working capital management, and dividend policy.
BUS288 Treasury Management (3 credit points): This unit explores the role of treasury departments in managing financial risk and optimizing cash flow.
BUS307 Commercial Banking (3 credit points): This unit examines the operations and strategies of commercial banks, including lending, deposit-taking, and payment systems.
BUS308 Credit and Lending Decisions (3 credit points): This unit delves into the process of evaluating creditworthiness and making lending decisions.

Teaching:

The program features a work-integrated learning program, allowing students to collaborate with real international organizations on real projects.
Students can build their professional network by joining industry associations and professional bodies through the university's connections.
The program benefits from the expertise of experienced banking and finance professionals who share their insights and perspectives.

Careers:

The Banking major prepares graduates for a wide range of careers in the financial services industry, both domestically and internationally.
Potential career paths include:
Bank workers
Financial Investment Advisers and Managers
Financial Brokers
Credit and Loan Officers
Insurance, Money Market and Statistical Clerks
Graduates can find employment in various sectors, including:
Banks
Brokerage firms
Consultancy and professional services firms
Insurance companies
Investment banks
Superannuation firms
Universities and institutions
State and federal government agencies
Non-governmental organizations (NGOs)
Major international brands

Other:

Graduates are potentially eligible for associate membership of the Financial Services Institute of Australasia (FINSIA).
Students should contact FINSIA directly for specific membership requirements.

Admission Requirements

Entry Requirements:

Murdoch Institute of Technology (MIT) courses:
Successful completion of one of the following:
Murdoch University Preparation Course with a minimum of 50% in every subject
MUPC (1 Trimester)
Foundation Studies Course with a minimum of 50% in every subject.
University study:
Successful completion of 2 units at an Australian University or Open Universities Australia (OUA).
Successful completion of a Certificate IV or higher.
Evidence of completing year 11 and 12 in Australia at any Level (Domestic Applicants Only)
Evidence of completing a minimum of 2 years of studies at TAFE or an RTO (Domestic Applicants Only).
Scaled mark of 50 or higher in one of the following:
English ATAR
Literature ATAR
English as an Additional Dialect (EALD) ATAR
Or a STAT Written English score of 140 or higher.
Minimum Selection Rank (WA/ACT/NSW/NT/SA/TAS/VIC):
70
Scaled mark of 50 or higher in one of the following (or interstate equivalent):
English ATAR
Literature ATAR
English as an Additional Dialect (EALD) ATAR
Or a STAT Written English score of 140 or higher.
Or evidence of completing year 11 and 12 in Australia at any Level (Domestic applicants only).
Portfolio entry:
A successful portfolio application that demonstrates relevant aptitude and ability in a related learning area. Find out more about the Portfolio Entry Pathway.
Overseas Year 12:
Queensland Certificate of Education (QCE):
Overall Position (OP) of 13 or lower.
Sound Achievement (4) or better in a Queensland Studies Authority approved subject of one of the following:
English
English Extension (Literature)
English for ESL Learners.
Evidence of completing year 11 and 12 in Australia at any Level (Domestic Applicants Only)
Evidence of completing a minimum of 2 years of studies at TAFE or an RTO (Domestic Applicants Only).
International Baccalaureate (IB) Diploma:
Total score of 24 or higher.
Higher level (HL): 3 or better.
Standard Level (SL): 4 or better.
Evidence of completing year 11 and 12 in Australia at any Level (Domestic Applicants Only)
Evidence of completing a minimum of 2 years of studies at TAFE or an RTO (Domestic Applicants Only).
Extenuating circumstances:
Case-by-case assessment.
GCE A Levels:
Aggregate of 6 points from:
A maximum of the best three A-level subjects; OR
A combination of A-level and AS-level subjects
At least two A-level subjects are included in the calculation
AS-level subject attempted at A-level is not eligible to be included
A-level grades (A*=6, A=5, B=4, C=3, D=2, E=1)
AS-level grades (A=2.5, B=2, C=1.5, D=1, E=0.5)
A Levels: D in one of the following:
English Language
English Literature
Knowledge and Inquiry.
AS Level: C in one of the following:
English Language
English Literature
Knowledge and Inquiry.
Western Australian Universities Foundation Program (WAUFP):
CPS 54 or higher.
50% in English Language and Australian Cultural Studies (ELACS).
Certificate IV AQF level 4:
Successful completion of a Certificate IV.
Evidence of completing year 11 and 12 in Australia at any Level (Domestic Applicants Only), OR
Evidence of completing a minimum of 2 years of studies at TAFE or an RTO (Domestic Applicants Only), OR
STAT Written English score of 140 or higher (145 if prior to May 2010).
Diploma or Advanced Diploma AQF level 5-6:
Successful completion of a Diploma or Advanced Diploma.
Mature Age Pathway (MAP):
MAP involves an interview and a portfolio submission to be assessed by the Academic Chair of the course.
Evidence of completing year 11 and 12 in Australia at any Level (Domestic Applicants Only).
Evidence of completing a minimum of 2 years of studies at TAFE or an RTO (Domestic Applicants Only).
Must be met according to the respective courses standard ELC requirements, STAT Written English 140, etc.
Special Tertiary Admissions Test (STAT):
Multiple Choice score of 135 (145 if taken prior to May 2010).
Evidence of completing year 11 and 12 in Australia at any Level (Domestic Applicants Only).
Evidence of completing a minimum of 2 years of studies at TAFE or an RTO (Domestic Applicants Only).
Portfolio entry:
A successful portfolio application that demonstrates relevant aptitude and ability in a related learning area. Find out more about the Portfolio Entry Pathway.

Language Proficiency Requirements:

English Requirements: You must meet a minimum standard in English to study at Murdoch, which for most courses can be demonstrated by providing evidence that you have completed Year 11 and 12 in Australia at any level if you are a domestic student, or through either English proficiency tests, university preparation courses, English language courses, previous tertiary study or vocational education.
Advanced Standing: Everyone has a different path to university so if you’ve already completed formal or informal learning, you could receive advanced standing.

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