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Study Accounting & Finance in Australia 2020

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Overview: What’s the Difference?

In essence, the main difference between Accounting and Finance is that accounting focuses on past records and present reports, then using the information to assess a business’ financial position; while finance deals with using these financial records to for future financial planning, investment decisions and drive new business strategies. Even so, universities’ finance and accounting degrees infuse both elements as they relate closely to each other.

The Industry

Australia’s economy and job market have been growing steadily over the past 5 years, and it is projected to continue growing for the next 5 years. Accounting careers are estimated to grow from 199,200 in 2018 to 207,200 in 2023. 

Furthermore, the average earnings for full-time workers in this industry is around AUD $1,660 per week, though it may be lower when you start out, and it grows progressively as you gain experience over time.

You can get a majority of accounting jobs with a bachelor degree qualification, though diploma in accounting is the minimum qualification in some jobs. (source)

Typical Classes

  • Advanced derivatives
  • Asset markets
  • Auditing
  • Behavioural finance
  • Budget analysis
  • Business strategy
  • Corporate finance
  • Economics/econometrics
  • Financial mathematics
  • Financial management
  • Financial markets
  • Financial planning
  • Financial engineering
  • Financial accounting
  • Financial reporting
  • Forensic accounting
  • Information systems
  • International accounting
  • International finance
  • Macro/microeconomics
  • Management accounting
  • Private equity
  • Professional standards and ethics
  • Quantitative analysis
  • Risk management
  • Venture capital

Recommended Universities to Study Accounting and Finance:​

And finally, we will recommend some universities to study Accounting and Finance. This list is based on the QS World Ranking for each university’s program in Accounting & Finance. They are guaranteed to be credible, as they rank their subjects based on:

  • High enrolment rate in the program
  • High courses satisfaction rates among students and recent graduates
  • High employment rate

Without further ado, here all all the undergraduate and postgraduate accounting and finance degrees.

1. The University of New South Wales (UNSW)

QS World Ranking #15

Undergraduate:
Programme NameMajorsIndicative fee (2020)
Bachelor of CommerceAccountingAUD  $43,440
Finance
Financial Economics
Postgraduate:
Programme NameIndicative fee (2020)
Master of FinanceAUD $47,040
Master of Financial AnalysisAUD $47,040
Master of Financial PlanningAUD $47,040
Master of Professional AccountingAUD $47,040
Master of TaxationAUD $47,040

2. The University of Melbourne

QS World Ranking #16

Undergraduate:
Programme NameMajorsIndicative fee (2020)
Bachelor of CommerceAccountingAUD $41,840 –  $44,756
Finance
Postgraduate:
Programme NameIndicative fee (2020)
Master of FinanceAUD $48,448

3. The University of Sydney

QS World Ranking #22

Undergraduate:
Programme NameMajorsIndicative fee (2020)
Bachelor of CommerceAccountingAUD $44,000
Finance
Postgraduate:
Programme NameMajorsIndicative fee (2020)
Master of CommerceAccountingAUD $49,000
Finance
Master of Professional AccountingN/AAUD $49,000

4. Monash University

Study Engineering in Australia

QS World Ranking #33

Undergraduate:
Programme NameMajorsIndicative fee (2020)
Bachelor of AccountingN/AAUD $45,000
Bachelor of Banking and FinanceN/AAUD $45,000
Bachelor of CommerceAccountingAUD $45,000
Finance
Bachelor of FinanceN/AAUD $45,000
Postgraduate:
Programme NameIndicative fee (2020)
Master of AccountingAUD $45,800
Master of Advanced FinanceAUD $45,800
Master of Banking and FinanceAUD $45,800

5. The Australian National University

QS World Ranking #39

Undergraduate:
Programme NameMajorsIndicative fee (2020)
Bachelor of CommerceAccountingAUD $43,680
Finance
Postgraduate:
Programme NameIndicative fee (2020)
Master of AccountingAUD $34,560
Master of Applied FinanceAUD $34,560
Master of FinanceAUD $34,560
Master of Professional AccountingAUD $34,560

Hopefully this can help you to further your studies! To apply or submit any enquiries, please contact us!

Contact us to find out more
International Student enquiries:
Phone: +60182414802
Email: info.my@exceleducation.com.au

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About Post Author

Jude Chong
A content writer & a student of University of Nottingham studying Bachelor of Communications. I like indie bands and meeting new people 🙂

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