Postgraduate studies in banking and finance webinar – June 2017


Good morning. Good afternoon. Good evening, everyone. Hope you guys are sitting comfortably in front
of your screens. And welcome to this postgraduate information
session. My name is Dr. Lurion De Mello, and I am the
Program Director for the Bachelor of Applied Finance and I’m also involved in the Master
of Banking and Finance degree. So I’d like to welcome you all. And I would like to spend the next few minutes
giving you a bit of insight into what is it that we do in the Master of Banking and Finance. So the program pretty much– we have two masters
programs. So one is the Master of Banking and Finance,
and the other one is the Master of Commerce Finance. So the Master of Banking and Finance is a
specialist program. It tries to prepare students to work in a
professional area in banking. And the Master of Commerce Finance is more
sort of a broader sort of degree where you have opportunities to do courses in economics,
in marketing, in management. And you also have a capstone subject that
covers a broader sort of business issues. So the focus of today’s presentation is going
to be more on the Master of Banking and Finance. If you have any questions on the presentation
today, can you kindly upload your questions towards the end? And we will do our best to answer them as
they come along. So the Master of Banking and Finance has a
gateway. So the gateway units are pretty much units
that you need to complete if you have no prior experience in doing a finance degree. Overall, the degree does not require to have
any background in finance. You could have a degree in any discipline. So the gateway units generally tend to be–
you could get a recognition of prior learning, where you could be exempted from doing these
units. So the duration of the program is usually
one to two years, but depending on your recognition of prior learning, you might not have to do
these gateway units. But we do cover the principles of finance. We cover financial statement analysis and
modeling. So here, you actually taught how to– you
make use of the financial statements, the financial data that you have in annual reports,
and how you could use that for forecasting, for example. Econometrics and business statistics are very
valuable skills in the industry, and also economic analysis. So economics is something that is important. So we cover microeconomics and macroeconomics
in those subjects. I guess you guys will be looking at various
options, at various institutions in undertaking a master’s degree in finance or banking in
finance. But what is it that we do that’s different
at Macquarie? And I would like to focus the presentation
on these aspects. So under the advanced unit of study section,
we have the first four units there. The first one says, current issues in banking
and finance. So that is a capstone unit, which I was personally
involved in developing, where we had a whole bunch of practitioners who are teaching in
the subject. So these are from various banks. I will get on to that in a few minutes. We also have a professional development in
banking and finance, and I think that’s very unique. This is where students are exposed to industry
professionals, where they are given guidance on how to develop CVs, how to prepare for
interviews, what are some of the opportunities that are available in the banking and finance
field? So this is something that I’ve not really
come across any other masters programs in Australia. So banking and financial intermediation. So this is a specialist banking unit and we
also have a unit on research in banking and finance. And this subject pretty much goes through
a whole range of literature, what is the current regulation and how, perhaps, if you have intentions
to do a PhD or a masters by research, you would get a bit of flavour on this subject
on what the latest academic literature is focusing on. And then we have our standard corporate finance,
investments and capital markets units, which you might be familiar with. And, in addition to these advanced units of
study, you also have five elective units. And these involve a bank and finance internship. So at Macquarie, we are very much focused
on getting practical exposure and practical experience incorporated into the degree. So this is a great opportunity as well. And you have a whole list of subjects that
you could do across some other disciplines. So the Master of Commerce, Finance is a more
sort of a broader degree. Here, again, there are gateway units that
you need to complete. But, I guess, the focus here is a sort of
a broader area, so you could do law, you could do accounting. So if you’re looking for opportunities to
work in a sort of a broader set of areas of commerce, then this would be a more ideal
program for you. So, I guess, what is it that’s involved in
the Masters of Banking and Finance? So it’s practically relevant. We do not sacrifice the academic reader. We do discuss some of the latest academic
work that does take place in the banking and finance field. We are highly engaged with industry practitioners
so they’re directly involved in our teaching, so that gives the students– I guess, helps
them to be on the forefront of what the industry really needs. So, as I’ve mentioned, the capstone unit is
developed and taught by industry professionals. So they set projects for the students in anticipation
that students would hit the ground running upon graduation. So this is usually done in the final semester. Students also do, as I mentioned, the professional
development unit. So that is, again, very unique in Macquarie. And the research unit, again, is a gateway
to the Master of Research and a PhD program. So the program itself is offered at the North
Ryde campus and also at the city campus. So as you might’ve read, the Faculty of Business
and Economics is the largest faculty at Macquarie University. Macquarie itself is ranked in the top 100
universities worldwide in accounting and finance, so that is a great achievement. And, I guess, our banking and finance programs,
the lecturers that we have do have industry background. For example, we have one lecturer who has
actually worked for the Australian Prudential Regulation Authority. So this is a regulatory body that monitors
the banks. And he has had vast amount of experience,
so he’s involved in that in teaching some of the units. So, again, we do have industry professionals
but we also have academics with great industry background, and also the academic rigour to
put it on the forefront of the latest work that’s been done in banking and finance. So, I guess, personally, I have been involved
in the degree from the capstone perspective. So this was not an easy task but I was very
fortunate enough to recruit some really top notch people in Sydney. For example, I can see on the slide there,
Patrick Mitchell, who is the Head of Treasury of Rabobank. It’s one of the biggest banks in the Netherlands. And they do have a big office over here in
Sydney. Kevin Nixon, who is a well sought-after speaker,
and he is pretty much on the forefront of bank regulation. So he’s a partner at Deloitte. He’s in risk advisory. So he, for example, this semester spoke a
lot about FinTeX, spoke about bank regulation and how the banking industry is going to look
moving forward. Joseph Lau is the Director of Project Finance
at Commonwealth Bank of Australia. But Joseph, if you Google his name, you’ll
actually see that Joseph is actually the current world Excel modelling champion, two years
running, so 2015 and 2016. So he teaches our students really key financial
modelling skills. Again, looking in the area of project finance,
given that there’s a lot of construction taking place, a lot of projects taking place. Actually, understanding project finance can
actually open doors to a lot of jobs in this area. And we also have Mikael [inaudible]. He’s also from the Netherlands, but he is
actually a fund manager at Macquarie Bank. So he, again, has a lot of academic experience. He did his Masters in Econometrics in Rotterdam
at the famous Erasmus School. So he has actually– I guess, has the academic
rigour plus the practical experience, which is a very unique combination for a practitioner. So these are some of the things that we do
offer to our students. So every week, we have a different lecturer,
and, I guess, it really exposes the students to different areas of employment. So I’ll just touch on a bit of the facilities
that we have at Macquarie. We have a state-of-the-art library that has
fantastic online resources. I guess, we have financial databases. We have Thomson Reuters, we have a Bloomberg
Terminal, and a lot of financial data that you can get access to from the library. We have very strong support systems in terms
of student support and for your well-being, employment, careers, hub. So we have, I guess, something that, when
I studied, I didn’t really have so many fantastic services. So the student services is really top notch
at Macquarie and I think Macquarie really prides on that. And, I guess, in terms of your degree, we
have a state-of-the-art finance lab being built. So we have signed up with Thomson Reuters
to provide the data and a few other key vendors that the industry looks up to. So that’s going to give you that extra benefit
and extra edge in terms of completing and doing certain activities using these financial
databases. So this is something that you can put on your
CV and I’m sure it’s going to reap some rewards. So going back to the previous slides, I mentioned
about the city location. So we have a new city campus. It’s on Pitt Street. So Pitt Street is famous for shopping but
also has a state-of-the-art campus located there. So your master’s degree, the Master of Banking
and Finance degree is going to be run concurrently at North Ryde and the city campus. So if there’s a day class that takes place,
it’s going to be held also at the city campus. So more vibrant, you have more opportunities
to, I guess, network with people in the city. So what are some of the graduate opportunities
from doing a master’s of banking and finance? Now, given that the degree does not require
you to have any prior experience or study in finance, I guess, you could work in an
entry level position in corporate finance. For example, if you want to work with capital
raising, you could work in the corporate finance division of a firm. Funds management, if you’re interested in
portfolio management or managing funds, this is an area that you could work in. Risk management, I guess has a very broad
sort of opportunities there. You could work in a quantitative side of things,
or you could be working on managing the bank’s risks. And, I guess, other opportunities, for example,
include government and regulatory bodies. So having an understanding of bank regulation,
bank management could give and entry level to government and regulatory bodies that monitor
banks. So there are plenty of opportunities given
that its a combination of not just banking but also doing a lot of the standard finance
stuff that we have in our degree. Again, enhancing your employability, I mean
that’s very key. At the end of the day, after your degree,
we all need a job. And, I guess, really having those technical
skills and generic skills through the capstone program, really being on the forefront of
really understanding what the industry really requires, I think that’s very important. Of course, as I would like to emphasize, we
still keep the academic rigour in the program. So we are very applied. All the projects that we do and all the assignments
that we give to our students are pretty much on the forefront. We expose students to a whole range of areas
that one could work in, and that’s really the strong point. So as I’ve mentioned, there’s no previous
work experience required for this degree. You could have a prior degree in any discipline,
and that’s the reason we have the foundation units, or the gateway units, that’ll give
you all that necessary background. And we have, yeah, diverse backgrounds of
students. I mean, it’s amazing to listen to various
students and how they end up in our master’s program. And, I guess, yeah, we are all encouraged
to actively participate in this learning experience. And I hope the information session is something
that you found useful. So if you have any questions, please do not
feel shy to upload them, and we will be quite happy to answer.

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