single degree

Master of Applied Finance

A single 1.5 year graduate award offered by the ANU College of Business and Economics

  • Length 1.5 year full-time
  • Minimum 72 Units
First year student? There’s more information about enrolling in your degree.
  • Academic plan 7421XMAPFN
  • Post Nominal MAppFin
  • CRICOS code 079659D
  • Mode of delivery
    • In Person
  • Field of Education
    • Banking and Finance
  • Academic contact
  • Length 1.5 year full-time
  • Minimum 72 Units
First year student? There’s more information about enrolling in your degree.
  • Academic plan 7421XMAPFN
  • Post Nominal MAppFin
  • CRICOS code 079659D
  • Mode of delivery
    • In Person
  • Field of Education
    • Banking and Finance
  • Academic contact

Program Requirements

The Master of Applied Finance requires the completion of 72 units, which must consist of:



60 units from completion of compulsory courses from the following list:

BUSN7008 Financial Statements and Reporting

FINM6005 Applied Valuation

FINM6016 Applied Portfolio Construction

FINM6041 Applied Derivatives

FINM7006 Applied Foundations of Finance

FINM7007 Applied Corporate Finance

FINM7008 Applied Investments

FINM8007 Topics in International Finance

STAT7038 Regression Modelling

STAT7055 Introductory Statistics for Business and Finance

6 units from completion of courses from the following list:

ECON8069 Business Economics

STAT6046 Financial Mathematics


6 units from completion of courses from the following list:

CBEA6070 ANU College of Business and Economics Internship Program

FINM6015 Applied Foundations of Fintech

FINM6045 Asian Capital Markets

FINM8014 Applied Financial Intermediation and Debt Markets

FINM8017 Trading and Markets

STAT6026 Graphical Data Analysis

STAT8130 Generalised Linear Modelling

Study Options

Year 1 48 units BUSN7008 Financial Statements and Reporting 6 units FINM7006 Applied Foundations of Finance 6 units STAT7055 Introductory Statistics for Business and Finance 6 units ECON8069 Business Economics 6 units OR STAT6046;
FINM7007 Applied Corporate Finance 6 units FINM7008 Applied Investments 6 units FINM8007 Topics in International Finance 6 units STAT7038 Regression Modelling 6 units
Year 2 FINM6041 Applied Derivatives 6 units FINM6005 Applied Valuation 6 units FINM6016 Applied Portfolio Construction 6 units A course from the prescribed list

Admission Requirements

Applicants must present one of the following:

  • A Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0, with courses in at least one cognate area
  • An ANU Graduate Certificate of Finance and Actuarial Statistics (Finance Specialisation) with a minimum GPA of 4.5/7.00

The GPA for a Bachelor program will be calculated from (i) a completed Bachelor degree using all grades and/or (ii) a completed Bachelor degree using all grades other than those from the last semester (or equivalent study period) of the Bachelor degree. The higher of the two calculations will be used as the basis for admission.

Cognate Disciplines: Accounting, Actuarial Studies, Business, Business Information Systems, Economics, Finance, International Business, Management, Marketing, Mathematics, Statistics

Ranking and English language proficiency: At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry. In line with the University's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors. Applicants will first be ranked on a GPA ('GPA1') that is calculated using all but the last semester (or equivalent) of the Bachelor degree used for admission purposes. If required, ranking may further be confirmed on the basis of:

  • a GPA ('GPA2') calculated on the penultimate and antepenultimate semesters (or equivalent) of the Bachelor degree used for admission purposes; and/or
  • demonstrating higher-level English language proficiency

Prior to enrolment in this ANU program, all students who gain entry will have their Bachelor degree reassessed, to confirm minimum requirements were met.

Further information: English language admission requirements and post-admission support

Diversity factors: As Australia’s national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe.

Assessment of qualifications: Unless otherwise indicated, ANU will accept all Australian Qualifications Framework (AQF) qualifications or international equivalents that meet or exceed the published admission requirements of our programs, provided all other admission requirements are also met.

Where an applicant has more than one completed tertiary qualification, ANU will base assessment on the qualification that best meets the admission requirements for the program. Find out more about the Australian Qualifications Framework:

Unless otherwise indicated, where an applicant has more than one completed tertiary qualification, ANU will calculate the GPA for each qualification separately. ANU will base assessment on the best GPA of all completed tertiary qualifications of the same level or higher.

ANU uses a 7-point Grade Point Average (GPA) scale. All qualifications submitted for admission at ANU will be converted to this common scale, which will determine if an applicant meets our published admission requirements. Find out more about how a 7-point GPA is calculated for Australian universities:

Annual indicative fee for domestic students

For more information see:

Annual indicative fee for international students

For further information on International Tuition Fees see:

Fee Information

All students are required to pay the Services and amenities fee (SA Fee)

The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.

For further information on Fees and Payment please see:


ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are.  Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the Scholarships website.

Do you dream of working in the leading financial cities of the world: New York, London, Shanghai, Sydney and Hong Kong? Have you ever wondered why some companies are successful and others fail? Are you interested in learning how to maximise profits and minimise risk? The ANU Master of Applied Finance will equip you to excel in the financial marketplace. This program is for you if you are, or are intending to become, a specialist in finance, or a professional offering advice in this area.

As a student you will be challenged to solve a variety of financial problems and will develop a keen analytical mind which will prove invaluable in the fast changing world of finance. As a Master of Applied Finance graduate from the Australian National University you will be highly sought-after by employers both in Australia and around world.

Career Options

ANU ranks among the world's very finest universities. Our nearly 100,000 alumni include political, business, government, and academic leaders around the world.

We have graduated remarkable people from every part of our continent, our region and all walks of life.

Learning Outcomes

  1. Describe the three ideas underpinning finance: the time value of money; diversification; and, arbitrage
  2. Critically assess the application of these three ideas to corporate financial decision-making; investment decisions and portfolio management; derivatives and risk management; portfolio construction; corporate valuation; and debt markets.
  3. Use strong cognitive, technical and communication skills in interpreting, analysing, and evaluating financial information and problems.
  4. Use professional abilities that will enhance research and analytical skills. 

Inherent Requirements

Information on inherent requirements is currently not available for this program

Further Information

For Domestic Students applying through UAC: If you have completed an overseas qualification, please send a scanned copy of your original testamur (graduation certificate) and academic transcript through to The scanned documents should be in colour and unaltered in size. Please include your name and UAC number in the email.

Please note we only accept notarised or translated outlines with the university seal or translated outlines by NAATI (National Accreditation Authority for Translators and Interpreters).

Applications for Credits and Exemptions:

Information on applying for credits and/or exemptions from prior study can be found under the “First Year Advice” tab.

About this degree

Credits and Exemptions

Students may apply for credits or exemptions for prior coursework using the steps outlined here:

Credit eligibility for this program is as follows:

  • Up to a maximum of 24 units of credit for prior completed studies 
  • Up to a maximum of 18 units from prior completed undergraduate studies

Exempted units are to be replaced by courses within the concluding component of the Master of Finance, subject to availability, requisite and incompatibility requirements. The courses within the Master of Finance can be found here:

Enrolment Status

It is possible to enrol in less than 24 units per semester but it will take you longer to finish your program and get your degree. If you are an international student you must always be enrolled full-time in 24 units each semester.

You are encouraged to enrol in courses for both First Semester and Second Semester.  You will be able to change your enrolment in courses up until Monday of week 2 of each semester without penalty.

Study Options

Master of Applied Finance

In Semester 1, ECON8069 Business Economics can be substituted with STAT6046 Financial Mathematics.

Academic Advice

If after reading through these guidelines you are unsure about which courses to enrol in, you can seek academic advice from the CBE Student Services during Orientation week or via email at or contact your program convenor, Dr Anna von Reibnitz via email at

If you are required to have a permission number to enrol the course, or any course that is approved by Dr von Reibnitz, please email

Do you want to talk to someone before enrolling?


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