School of Economics and Finance

Master's Degrees in Economics and Finance

Contact the Postgraduate Programme Director

Overview of Master's Degrees offered at the School of Economics and Finance

The School of Economics and Finance (SEF) offers Master's-level study in Economics or Finance by coursework or by thesis for the MCom degree, and by thesis only for the MA degree in Economics.

The 180-point MCom in Economics or Finance by coursework follows on from a Bachelor of Commerce (BCom) in the same subject, or a similar degree. In addition to 90-120 points of taught courses, it involves one or two small research projects and/or a research paper.

This degree is a good choice for graduates in Economics or Finance seeking to complete a Master’s degree in three trimesters (the maximum time allowed is four years).

The 120-point MCom in Economics or Finance by thesis follows a previous Bachelor of Commerce with Honours in the same subject, or a similar honours degree. Similarly, the 120-point MA in Economics by thesis follows a previous Bachelor of Arts with Honours in the same subject.

The MCom or MA by thesis is for those graduates who wish to undertake a substantial independent research project. This gives them the opportunity to build on their experience in the Honours programme, and apply their new research skills to further specialise in an area of Economics or Finance of their own choosing.

It is a good choice for Honours graduates who want to undertake further research without the lengthy time commitment that a PhD represents. The Master's thesis can be completed in two trimesters; the maximum period of enrolment is 12 months full time or two years half time.

The aim is to provide students with an opportunity to develop their research skills in Economics or Finance, with a view to career enhancement or as preparation for doctoral study, either at Victoria University or elsewhere.

Industry-focused Master's study is also available as part of the Victoria International Applied Finance Programme (VIAF) or the Professional Economics Programme (ProEcon).

Admission to the MCom Degree

To enrol in the MCom in Economics you need to have completed either:

  • a BCom degree including QUAN 201 or 203 and 45 points of 300-level Economics* (including ECON 305 or 314) and a grade average of B+ or better
  • a BCom(Hons) in Economics with Second Class Honours (first division) or better
  • a suitable alternative degree (or the equivalent in extensive and appropriate practical, professional or scholarly experience).
    * PUBL 303 can be counted here as a 300-level Economics course

To enrol in the MA in Economics you need to have completed either:

  • a BA degree including QUAN 201 or 203 and 45 points of 300-level Economics* (including ECON 305 or 314) and a grade average of B+ or better
  • a BA(Hons) in Economics with Second Class Honours (first division) or better
  • a suitable alternative degree (or the equivalent in extensive and appropriate practical, professional or scholarly experience).
    * PUBL 303 can be counted here as a 300-level Economics course

To enrol in the MCom in Finance you need to have completed either:

  • a BCom degree including QUAN 203 and 45 points of 300-level Finance (including FINA 301 and 306) and a grade average of B+ or better
  • a BCom(Hons) in Finance with Second Class Honours (first division) or better
  • a suitable alternative degree (or the equivalent in extensive and appropriate practical, professional or scholarly experience)

Note: you should consult the Programme Director to confirm your eligibility.

Students will only be admitted to the 180-point MCom once a year (in February/March), and will normally finish in June of the following year (or in February if supervision can be arranged during the summer).

Master's by coursework is suitable for most students who have completed an undergraduate degree in economics or finance, and most overseas students will take this route to a Master’s degree.

Master's by thesis is available only to students who have completed a previous honours degree.

180-point Master's Degree by Coursework

To complete the 180-point MCom in Economics you need to take:

  • ECON 430; either ECON 402, 403 or ECON 404, 405; two further courses from ECON 401-489; two further courses from ECON/FINA 401-489; and either:
     (a) ECON 530 and 531; or 
     (b) One of ECON 530, 531; plus 30 further points at 400-level or above, including at least 15 approved points at 500-level

To complete the 180-point MCom in Finance you need to take:

  • FINA 401, 402, 430; two further courses from FINA 401-489; two further courses from ECON/FINA 401-489; and either
     (a) FINA 530 and 531; or
     (b) One of FINA 530, 531; plus 30 further points at 400-level or above, including at least 15 approved points at 500-level

120-point Master's Degree by Thesis

  • To complete the 120-point MCom in Finance, having entered the degree with a completed Honours degree, you need to take either:
     (a) A 120-point Master’s thesis, FINA 591; or
     (b) A 90-point Master’s thesis, FINA 592, plus 30 approved points at 400-level or above

  • To complete the 120-point MCom in Economics, having entered the degree with a completed Honours degree, you need to take either:
     (a) A 120-point Master’s thesis, ECON 591; or
     (b) A 90-point Master’s thesis, ECON 592, plus 30 approved points at 400-level or above

  • To complete the 120-point MA in Economics, having entered the degree with a completed Honours degree, you need to take a 120-point Master’s thesis, ECON 591.

Theses are prepared and written in close consultation with a staff member who acts as supervisor. Research students are expected to participate in, and contribute to, research-in-progress seminars organised from time to time by the School.

The Master’s thesis in Economics or Finance is a research project made up of a study of literature, data collection, analysis and findings (up to 40,000 words in total). It allows the candidate to further build on their experience and undergraduate degree to specialise in a subject area of their own interest.

The thesis is a piece of independent research, with a supervisor or supervisors acting as a mentor to guide and support the candidate through the topic area and research process. It requires a one-year full time period of study, although it can be undertaken part time. Enrolment in the thesis can take place at any time during the academic year.

The MCom thesis degree is administered by Victoria Business School, who can advise on the enrolment process as well as provide administrative assistance and general information. The MA is administered by the Faculty of Humanities and Social Sciences.

More Information

Prospective students should contact the Postgraduate Programme Director A/Prof Hai Lin to discuss the academic requirements of the MCom and the potential for a supervisor whose research interests and/or teaching are closely aligned with the proposed thesis topic.

The Postgraduate Students' Association offers a wide range of services and resources to postgraduate students.