Recognised prior learning

Macquarie University recognises prior learning (RPL) gained through formal studies, work experience and/or industry qualifications. In the MAFC's programs, RPL can be used to:

  • satisfy entry requirements;
  • reduce the number of gateway units of study; and/or
  • exempt study of a required (core) unit.

Master of Applied Finance

Minimum admission requirements

Course Duration

Admission requirement

1.5 year full time / 3 year part time program

  • Bachelor degree in any discipline   AND
  • 2 years full time work experience in a relevant area

1 year full time / 2 year part time program

  • Bachelor degree in a relevant discipline  AND
  • 2 years full time work experience in a relevant area

Relevant disciplines

Degrees in relevant disciplines are degrees in the business and finance disciplines or with a close affinity to business and finance.

Depending on specialisations, this may include Bachelor (or higher) studies in:

  • Actuarial Studies
  • Business (Accounting) (Banking) (Finance) (Economics) (Actuarial Studies)
  • Commerce (Accounting) (Banking) (Finance) (Economics) (Actuarial Studies)
  • Economics
  • Finance

Applicants with degrees in non-finance areas, such as degrees in history, languages, law, management, engineering, medicine, psychology or science, will need to complete gateway units of study or the Graduate Certificate of Finance as part of their program of study.

Relevant professional work experience

To recognise your professional work experience as relevant, you’ll demonstrate advanced knowledge and skills in an area of practice and the application of that knowledge and skills independently and responsibly, displaying judgement and adaptability. Your work experience will be either in the practice area of your prior degree or in finance.

Professional roles could include those requiring technical or specialist expertise or managerial/decision-making roles in either the finance industry or industry of your prior degree. Formal graduate programs within recognised financial institutions will also be considered. Participation in continuing professional development programs and on-going industry memberships complement the knowledge, skills and professional requirement for recognition of work experience.

Accredited qualifications:

If applicants hold a non-finance degree but have completed a significant number of finance-related units, they may be eligible for RPL and credit for individual gateway units.

Successful completion of Chartered Financial Analysts (CFA) level 3 will be recognised as equivalent to a bachelor’s degree in a relevant discipline.

Successful completion of the following accredited qualification will be recognised for conversion of a bachelor’s degree in any discipline to a relevant discipline:

  • Diploma in Treasury Management from ACT
  • Chartered Financial Analysts, level 1 or 2
  • AFCP613 Financial Statement Analysis and Modelling (or equivalent) AND Professional Risk Manager designation from PRMIA
  • AFCP613 Financial Statement Analysis and Modelling (or equivalent) AND Financial Risk Manager Designation from GARP

Currency of prior degrees or professional accreditations

Prior qualifications attained within 10 years of the date of admission will generally be considered current. Professional work experience in the discipline of your prior qualifications or in finance may be considered to maintain currency of qualification older than 10 years.

Required evidence for assessment

  • Current Resume
  • Personal Statement Form 
  • University transcript(s) from prior degrees
  • Proof of employment and verification of length of service
    • Letter from employer OR
    • A current payslip
  • Proof of Citizenship or Residency Status (i.e. passport)

Optional

  • Log of Continuing Professional development activities over the last two years
  • List of Industry Professional memberships where membership has been held for more than one year
  • Proof of successful completion of Professional accreditation

Assessment process

The first stage of the application process is evidence based. You will receive an email from us when your application has been processed. Eligible applicants will be invited to undertake an interview, where you will have the opportunity to discuss your application and ask questions about the program.

Graduate Diploma of Finance 

Minimum admission requirement

Course Duration

Admission requirements

1 year part time

Two years full-time equivalent relevant professional work experience AND either:

  • A Bachelor's degree or recognised equivalent in business/finance field  OR
  • A Bachelor's degree or recognised equivalent and Graduate Certificate in Finance or recognised equivalent

Relevant disciplines

Degrees in relevant disciplines are degrees in the business and finance disciplines or with a close affinity to business and finance.

Depending on specialisations, this may include Bachelor (or higher) studies in:

  • Actuarial Studies
  • Business (Accounting) (Banking) (Finance) (Economics) (Actuarial Studies)
  • Commerce (Accounting) (Banking) (Finance) (Economics) (Actuarial Studies)
  • Economics
  • Finance

Relevant professional work experience

To recognise your professional work experience as relevant, you’ll demonstrate advanced knowledge and skills in an area of finance practice and the application of that knowledge and skills independently and responsibly, displaying judgment and adaptability.

Professional roles could include those requiring technical or specialist expertise or managerial/decision-making roles in the finance industry. Formal graduate programs within recognised financial institutions will also be considered.

Participation in continuing professional development programs and on-going industry memberships complement the knowledge, skills and professional requirement for recognition of work experience.

Accredited Qualifications:

Successful completion of Chartered Financial Analysts (CFA) level 3 will be recognised as equivalent to a bachelor’s degree in a relevant discipline.

Successful completion of the following accredited qualification will be recognised for conversion of a bachelor’s degree in any discipline to a relevant discipline:

  • Diploma in Treasury Management from ACT
  • Chartered Financial Analysts, level 1 or 2
  • AFCP613 Financial Statement Analysis and Modelling (or equivalent) AND Professional Risk Manager designation from PRMIA
  • AFCP613 Financial Statement Analysis and Modelling (or equivalent) AND Financial Risk Manager Designation from GARP

Currency of prior degrees or professional accreditations

Prior qualifications attained within 10 years of the date of admission will generally be considered current.

Professional work experience in the discipline of your prior qualifications or in finance may be considered to maintain currency of qualification older than 10 years.

Required evidence for assessment

  • Current Resume
  • Personal Statement Form
  • University transcript(s) from prior degrees
  • Proof of employment and verification of length of service
    • Letter from employer OR
    • A current payslip
  • Proof of Citizenship or Residency Status (i.e. passport)

Optional

  • Log of Continuing Professional development activities over the last two years
  • List of Industry Professional memberships where membership has been held for more than one year
  • Proof of successful completion of Professional accreditation

Assessment Process

The first stage of the application process is evidence based. You will receive an email from us when your application has been processed. Eligible applicants will be invited to undertake an interview, where you will have the opportunity to discuss your application and ask questions about the program.

Graduate Certificate of Finance

Minimum admission requirement

Course Duration

Admission Requirements

0.5 full time / 1 year part time

Bachelor degree in any discipline

Applicants without a Bachelor degree may be eligible for admission to the Graduate Certificate of Finance. You will need to demonstrate a willingness and an ability to study and have at least five years professional work experience.

Required evidence for assessment of RPL for admission without a degree

You must provide the following additional documentation:

Assessment process

The assessment process for recognition of work experience for entry is evidence based.

Applicants who fail to address or demonstrate the outcome criteria detailed above through their work experience and training programs will not be awarded recognition of prior learning for entry to the Graduate Certificate.

You will receive an email from us regarding the assessment outcome.

Back to the top of this page