The Melbourne Law Masters is a graduate law program of the highest quality, available to law and non-law graduates.
The specialization in banking and finance law is designed to provide students, practitioners and other professionals with a sophisticated understanding of the legal and regulatory framework for the Australian and international financial sector. Most subjects have a practical focus. Subject choice includes banking (eg lending and banking products), funds management, finance transactions, superannuation, financial services and capital markets.
Graduates of the Master of Banking and Finance Law will:
- Have an advanced and integrated understanding of the complex body of knowledge in the field of banking and finance law, including:
- the legal and regulatory architecture of the Australian and international financial sector across a range of subject areas;
- key legal issues governing relationships between financial services providers and their customers, and the theory and practice of prudential and market integrity/consumer protection regulation of financial services; and
- the impact of globalization, e-commerce, and regulatory reform on the provision of financial services in Australia and internationally.
- Have expert, specialized cognitive and technical skills that equip them to independently:
- analyze, critically reflect on and synthesize complex information, concepts and theories in the field of banking and finance law;
- research and apply such information, concepts and theories to the relevant body of knowledge and practice; and
- interpret and transmit their knowledge, skills, and ideas to specialist and non-specialist audiences.
- Apply their knowledge and skills to demonstrate autonomy, expert judgment, adaptability and responsibility as a practitioner and learner in the field of banking and finance law.
Subject Timing and Format
- All subjects are taught in an interactive seminar style.
- Around 90% of subjects are offered on an intensive basis.
- Semester-length subjects are offered throughout the semester.
- Class sizes normally range from 20 to 30 students. All subjects have a quota. This ensures class sizes are suitable to provide an optimal learning environment
Intensive subjects are ideal for busy professionals and provide an excellent opportunity to immerse in the subject content. Subjects are taught over five days, either from Monday – Friday or Wednesday – Tuesday, excluding the weekend. This format enables students from interstate or overseas to fly to Melbourne to attend class. Semester-length Subjects
Semester-length subjects are generally taught for two hours in the evening during the semester. Subject Materials
Comprehensive reading materials are provided approximately four weeks prior to the commencement of an intensive class. It is expected that students undertake substantial reading before classes begin. Teachers and students are likely to be in contact with each other electronically from the time reading materials are released to the time assessment is due. Class Attendance
Students must attend at least 75% of classes for each subject. It is currently not possible to undertake the course by distance learning.
Students must complete eight subjects in total. Students who do not have a law degree from a common law jurisdiction must complete Fundamentals of the Common Law, as well as seven subjects from the prescribed list. Students with a law degree from a common law jurisdiction must complete at least seven subjects from the prescribed list and may choose the eighth subject from those available in the Melbourne Law Masters (excluding Fundamentals of the Common Law).
FEE-HELP is a loan available to eligible Australian citizens for fee-paying graduate coursework programs. University resources:
- Options to finance your graduate study
- Fees - policy and administrative information
International students may be eligible for two categories of Australian scholarships:
- Australian Awards Scholarships
- Endeavour Scholarships
Scholarships may also be provided by the government and non-government organizations in a students' home country. Please contact the relevant organization in your country for specific details.
Applicants must have completed:
- A degree in law (LLB, JD or equivalent) leading to admission to practice, at honors standard, or equivalent or
- A degree in law (LLB, JD or equivalent) leading to admission to practice, or equivalent and two years of documented relevant professional experience or
- An undergraduate degree in a relevant discipline and two years of documented relevant professional experience or
- An undergraduate degree in a relevant discipline; and successful completion of four subjects in a cognate graduate diploma and one year of documented relevant professional experience.
In assessing applications, the Selection Committee will consider:
- Prior academic performance, and if necessary
- Professional experience.
The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Admission and Selection into Course Policy.
Also, in considering whether to admit an applicant the Selection Committee will consider:
- The quality of the degree(s) that the applicant has previously been awarded
- The standing and reputation of the university or universities that awarded the degree(s)
- The duration and type of work experience the applicant has obtained
- The relevance of the applicant's work experience to the course for which they have applied.
Applicants without legal qualifications should note that subjects are offered in the discipline of law at an advanced graduate level. While every effort will be made to meet the needs of students trained in other fields, concessions will not be made in the general level of instruction or assessment. Most subjects assume the knowledge usually acquired in a degree in law (LLB, JD or equivalent).
English Language Requirements
All applicants must also meet the English language requirements of the University of Melbourne.
You can use TOEFL, IELTS, Pearson Test of English (academic tests) or CAE to meet the University's English language requirements. You must satisfy the requirements in one sitting and within the 24 months preceding application. The University of Melbourne TOEFL Institution Code is 0974.
|IELTS* (academic English Only)||6.5 (with no band less than 6.0)|
|TOEFL (paper-based test)*||577 + TWE 4.5|
|TOEFL (internet-based test)*||79 +
|Pearson Test of English (Academic)||58-64 inclusive & no communicative skill below 50|
|Cambridge English: Advanced/ Certificate of Advanced English (CAE)||58 + no less than Borderline in each skill.|
*Required scores must be achieved from a single test report, even if you have sat for multiple TOEFL or IELTS tests.
Applications are accepted throughout the year. To help ensure subject availability we encourage you to apply as early as possible and preferably before the dates listed below. Yes, send me free info now!
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Last updated February 1, 2018