BUSINESS SCHOOL
2010
QUICK GUIDE
BACHELOR OF FINANCE PATHWAYS
Life Impact The University of Adelaide
Contents 01 FOREWORD: HEAD OF THE BUSINESS SCHOOL 02 WHY STUDY AT THE UNIVERSITY OF ADELAIDE? 04 WHY UNDERTAKE UNDERGRADUATE STUDIES AT THE UNIVERSITY OF ADELAIDE BUSINESS SCHOOL? 07 BACHELOR OF FINANCE 08 BACHELOR OF FINANCE: INTERNATIONAL 09 BACHELOR OF COMMERCE: CORPORATE FINANCE 10 FURTHER STUDY 11 APPLICATION PROCEDURES AND PROFESSIONAL FINANCIAL BODIES
FINANCE PATHWAYS | FOREWORD
The University of Adelaide Business School is built on academic achievement and recognised by community and industry as a centre of excellence for research and education in Australia. Our diverse expertise, strong academic foundations, and our unique emphasis on a multidisciplinary approach to business education distinguish us from other institutions.
“We welcome you to pursue your undergraduate business education with us.” The School’s mission is to create a stimulating learning environment that fosters business leadership. Our curriculum embraces global perspectives and encourages a transformative and engaging learning process which is pivotal to achieving this goal. A business education from the University of Adelaide Business School opens doors to a world of opportunities. Join the ranks of our graduates who are highly sought after by employers worldwide and recognised as accomplished individuals, ready to make their impact in the business world.
Associate Professor Barry Burgan
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FINANCE PATHWAYS | WHY ADELAIDE?
ADELAIDE CITY OF CULTURE When you study at the University of Adelaide, you study in the City of Adelaide – the capital of South Australia. Adelaide is a city of great visual harmony and classical elegance, set beside the River Torrens, between the Adelaide Hills and the waters of Gulf St Vincent. Adelaide is a safe and friendly place to live and study with an array of cafes and shops reflecting the diversity of our ethnic communities. It is also known to many as the gateway to Outback Australia – with the Flinders Ranges only 4 hours north of Adelaide.
NORTHERN TERRITORY QUEENSLAND WESTERN AUSTRALIA
WHY STUDY AT THE Tradition of academic excellence With more than 130 years of excellence in education our University is one of Australia’s oldest and most prestigious tertiary institutions. The University of Adelaide is a member of the G08 – Australia’s leading discipline rich and research intensive universities. Our tradition of high academic performance is testified in our association with 5 Nobel Prize winners, 102 Rhodes Scholars and 104 Fulbright Scholars.
Strong International Reputation The University of Adelaide is at the forefront of many international rankings. We are ranked amongst the world top 200 universities in the THE-QS World Ranking 2008 and ranked in the top 25 universities in the Asia Pacific region by the Shanghai Jiao Tong University 2008 Ranking. In the 2009 Australian Good Universities Guide, we scored 5 Stars for staff-student ratios, research intensiveness and student demand.
SOUTH AUSTRALIA ADELAIDE
NEW SOUTH WALES
VICTORIA
Outstanding Research Being one of Australia’s top universities in terms of research outputs, research funding and quality of postgraduate research experience, it is not surprising that our teaching and research are intimately related. Our learning environment encompasses teachers who are active researchers and specialists in their fields. This means that our teaching is informed by current research.
Admirable Campus Lifestyle With more than 21,000 students and over 2800 staff, the University is small enough to provide personal interaction with teaching staff, yet large enough to offer a broad range of programs and student support services. Our main campus is located in the city centre where grand old buildings and leafy grounds intermingle with modern facilities to provide an exceptional learning atmosphere in which you can achieve your best.
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UNIVERSITY OF ADELAIDE? State-of-the-art Facilities The University is one of the best resourced higher education institutions in Australia, with a wide range of facilities, including modern lecture theatres, 24 hour computer suites and an outstanding library with over two million items. Wireless internet access, electronic resources, including online teaching tools and worldwide databases are universal across the University.
Phenomenal Global Networks Graduates of the University of Adelaide become part of a distinguished alumni community that spans around the world. You will have many opportunities to network and get a head start on your professional journey through a variety of social events and activities. Staying connected has never been easier with the University’s dedicated alumni office. Wherever you go, you have access to the vibrant Adelaide network.
Prominent International Linkages The University offers a comprehensive study abroad and exchange program which allows you to undertake one to two semesters of your studies at other institutions. With more than 170 formal links, including a number of prestigious universities around the world, you will be spoilt for choices in selecting an institution that adds another decisive dimension to your education at the University of Adelaide.
Excellent Support Services From the moment you step onto the campus, you can expect a range of high quality support services designed to help you settle quickly and succeed in your studies. Academic learning support, career services, counselling services, a peer mentor program and health services are just some examples the support services on offer to help you seamlessly fit into your university education.
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FINANCE PATHWAYS | WHY STUDY?
WHY UNDERTAKE UNDER THE UNIVERSITY OF ADEL Contemporary Business Thinking The Business School espouses fresh thinking. We advocate the generation of innovative ideas and encourage diversity, critical thought and interaction amongst students and staff. As a centre of academic excellence, we pride ourselves on working and thinking outside the square. You can expect to be challenged everyday to stretch your mindset and be exposed to ideas and business models beyond the traditional business school curriculum.
CFA Program Partner The Business School has achieved endorsement from the Chartered Financial Analyst (CFA) Institute in the United States as a CFA Program partner. Being one of only five Business Schools in Australia to be awarded the status of a CFA Program Partner is an accomplishment that exemplifies the quality of our programs and our commitment to benchmark our programs to professional international practice.
Partnership with Business Interaction with the business community and the professions is integral to our Business School. You can kick-start your career development and apply classroom learning through a series of industry engagement programs, such as “Business Forum�. These projects not only advance the academic curriculum, they also extend your experience in studying a business program.
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GRADUATE STUDIES AT AIDE BUSINESS SCHOOL? Inspiring Success
Savvy Facilities
The Business School has a rich tradition of inspiring students who achieve their very best academically. The growing list of accolades amongst our graduates authenticates our success in providing an encouraging learning environment. The outstanding performance of our students at the national UBS Investment Banking Challenge competition (we emerged as champions) is an example of our success stories.
As a business student at the Faculty of the Professions, you will have access to the students’ Hub. The Hub is the social place for our student body. It features technologically advanced resources and comfortable amenities to support your study at the University. A spacious student lounge, advanced 24 hours computer suites, customised lockers together with dedicated centre staff make exchanging information and group work a breeze. You can be assured that every aspect of our infrastructure has been carefully designed to facilitate and enhance your learning experience. Our learning support co-ordinators are also located within the hub to ensure that you are well versed with the academic conventions of studying at the Business School.
Academic Excellences Our reputation and location bring some of the most inspirational and thought provoking leaders in the world through our doors. Experts in their specialist fields, our academic staff are at the centre of our international academic and business success. Working as the interface between the worlds of academia and industry, they frequently provide advice to government bodies, address international conferences and foster close relationships with professional bodies and the corporate world. Many have authored textbooks you will use in classroom, ensuring that you benefit from the latest developments and trends in global business.
Dynamic Classroom Experience You can expect to interact and learn from leading experts. They not only facilitate the sharing of information but more importantly, they elicit responses, spur dialogues, encourage difference of opinions and debate. The challenging classroom mix of intellectual capital and high quality teaching in turn fosters the development of an exceptional student body whom we expect to fill the dynamism of tomorrow’s business.
Diverse programs The complexities of the global business world warrant a wide range of business qualifications that will confront the challenges and exploit the opportunities of today’s competitive market place. Our suite of undergraduate business programs are designed to equip you with the skills necessary to meet those challenges. Programs include a full spectrum of specialist Bachelor degrees in Accounting, Finance, International Business, Marketing and Management. Our unique emphasis on a multidisciplinary approach to business education enables you to combine complementary disciplinary areas within a Bachelor degree program, giving you a distinct advantage in seeking employment worldwide.
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PROGRAMS
FINANCE PATHWAYS | PROGRAMS
BACHELOR OF FINANCE
STUDY PLAN BACHELOR OF FINANCE LEVEL 1 SEMESTER 1
The Finance program is quite distinct in that it includes topics in finance, economics and mathematics. This combination provides students with excellent skills in preparation for their career in the finance industry. Employers have shown significant interest in the program and competition for graduates is fierce.
Key Features • Designed to introduce students to the global financial markets and assets traded within those markets. • The program provides economic and mathematical focus to financial products and services. • The program exposes students to global financial institutions and delves deeper into retail and investment banking activities, as well as the regulatory environment they operate in. • The general program is often taken as a double degree with Economics, Engineering, Mathematics or Law. • Suitable for students seeking employment in retail and merchant banks, investment firms, both domestic and multinational corporations, as well as government regulatory bodies.
Accounting for Decision Makers I Principles of Microeconomics I International Financial Institutions & Markets I First Semester Maths
LEVEL 1 SEMESTER 2 Business & Economic Statistics I Principles of Macroeconomics I Level I Elective Second Semester Maths
LEVEL 2 SEMESTER 1 Business Finance II Intermediate Econometrics II or Introduction to Mathematical Statistics II Level II Elective Level II Elective
LEVEL 2 SEMESTER 2 Financial Economics II Financial Institutions Management II or Financial Computing II Level II Elective Level II Elective
LEVEL 3 SEMESTER 1
Professional Recognition • Completion of the Bachelor of Finance entitles graduates to affiliate membership of the nationally recognised Financial Services Institute of Australia (Finsia). • The Bachelor of Finance is a useful starting point for complying with the entrance requirements of the globally accepted American professional body, The Institute of Chartered Financial Analysts (CFA). Also, the Bachelor of Commerce (Corporate Finance) covers a significant portion of the CFA Program Candidate Body of Knowledge. • By undertaking specific courses, graduates can also obtain partial compliance with ASIC RG146 Tier 1 Compliance in the areas of generic knowledge, derivatives and securities. Please Note: There is no prerequisite for entry to the Finance degrees however students are advised that a knowledge of Mathematics is helpful for finance, commerce and economic courses and is essential for some courses.
Portfolio Theory & Management III Level III Finance Level III Elective* Level III Elective*
LEVEL 3 SEMESTER 2 Options, Futures & Risk Management III or Financial Modelling Techniques III Level III Finance Level III Elective* Level III Elective* ‘Level III Finance’ means any Level III course in Finance. * If two of these electives are Finance Level III courses, the remaining electives can be Level II courses.
MINH PHUONG DOAN BACHELOR OF FINANCE (HONOURS)
“After graduating from the Bachelor of Finance degree, I was offered the opportunity to undertake Finance (Honours). The program interested me as it offered a combination of coursework and research work. With a strong foundation in business statistics and modelling I decided to specialise in quantitative finance and in particular asset pricing. As an honours graduate I have been highly valued by professional employers. I have chosen to work at RMIT University as a Business School Research Assistant to continue my chosen career path in research.”
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FINANCE PATHWAYS | PROGRAMS
STUDY PLAN BACHELOR OF FINANCE (INTERNATIONAL) LEVEL 1 SEMESTER 1 Accounting for Decision Makers I Principles of Microeconomics I International Financial Institutions & Markets I First Semester Maths
LEVEL 1 SEMESTER 2 Business & Economic Statistics I Principles of Macroeconomics I Level I Elective Second Semester Maths
LEVEL 2 SEMESTER 1 Business Finance II Intermediate Microeconomics II Intermediate Econometrics II Level II Elective
LEVEL 2 SEMESTER 2
BACHELOR OF FINANCE (INTERNATIONAL) The Bachelor of Finance International specialisation commences in the second year, where foundation courses are undertaken to prepare you for the third year specialisation.
Key Features • Designed to provide the student with an international focus, specifically in the areas of international banking, international investments and international management of financial risk. • The program exposes students to the financial framework at the global level covering areas such as the mechanics and operation of foreign exchange and interest rate markets, financial econometrics, financial institutions and investments.
Financial Economics II International Trade & Investment Policy II Intermediate Macroeconomics II Level II Elective
• Suitable for students seeking a career in trading international financial instruments, providing financial and investment advice to multinational companies, governments and those who desire a career in financial institutions.
LEVEL 3 SEMESTER 1
Professional Recognition
Portfolio Theory & Management III Money, Banking & Financial Markets III Level III Elective* Level III Elective*
• Completion of the Bachelor of Finance (International) entitles graduates to affiliate membership of the nationally recognised Financial Services Institute of Australia (Finsia).
LEVEL 3 SEMESTER 2 Options, Futures & Risk Management III International Finance III Level III Elective* Level III Elective* * If two of these electives are Finance Level III courses, the remaining electives can be Level II courses.
• The Bachelor of Finance(International) is a useful starting point for complying with the entrance requirements of the globally accepted American professional body, The Institute of Chartered Financial Analysts (CFA). Also, the Bachelor of Commerce (Corporate Finance) covers a significant portion of the CFA Program Candidate Body of Knowledge. • By undertaking specific courses, graduates can also obtain partial compliance with ASIC RG146 Tier 1 Compliance in the areas of generic knowledge, derivatives and securities. Please Note: There is no prerequisite for entry to the Finance degrees however students are advised that a knowledge of Mathematics is helpful for finance, commerce and economic courses and is essential for some courses.
ALEXANDRA OLCZYK BACHELOR OF FINANCE (INTERNATIONAL); BACHELOR OF ECONOMICS
“I discovered that not only were Finance and Economics closely related to each other, but that these areas of study provided a broader education because of their wide-ranging inter-disciplinary nature. The time I spent at the University of Adelaide has been enjoyable academically and socially. I have had the opportunity to study under the tutelage of lecturers with international credentials and experience, which has given me the confidence to pursue a career that will provide me with exciting and challenging opportunities.” 08
FINANCE PATHWAYS | PROGRAMS
BACHELOR OF COMMERCE (CORPORATE FINANCE) Looking for your first step into a career within the financial services industry? The Bachelor of Commerce (Corporate Finance) is just the right program to equip yourself with the knowledge and skills needed for a career in corporate finance, funds management, international finance or investment banking.
Key Features • Designed to provide you with the analytical skills to make corporate finance and investment decisions and use financial instruments and securities markets to enhance returns and manage risk. • Provides career pathways in the financial services sector comprising banks, corporations, financial institutions, and in businesses as financial consultants, advisers and managers.
Professional Recognition • The Bachelor of Commerce (Corporate Finance)entitles graduates to affiliate membership of the nationally recognised Financial Services Institute of Australia (Finsia). • A useful starting point for complying with the entrance requirements of the globally accepted American professional body, The Institute of Chartered Financial Analysts (CFA). The degree program covers a significant portion of the CFA Program Candidate Body of Knowledge (CBOK). • By undertaking specific courses, you can also obtain partial compliance with ASIC RG146 Tier 1 Compliance in the areas of generic knowledge, derivatives and securities.
STUDY PLAN BACHELOR OF COMMERCE (CORPORATE FINANCE) LEVEL 1 SEMESTER 1 Accounting for Decision Makers I Principles of Microeconomics I International Financial Institutions & Markets I Level I Elective
LEVEL 1 SEMESTER 2 Business & Economic Statistics I Principles of Macroeconomics I Level I Elective Level I Elective
LEVEL 2 SEMESTER 1 Business Finance II Intermediate Econometrics II Level II Elective Level II Elective
LEVEL 2 SEMESTER 2 Financial Economics II Financial Institutions Management II Level II Elective Level II Elective
LEVEL 3 SEMESTER 1 Corporate Investment & Strategy III Portfolio Theory & Management III Level III Elective Level III Elective
LEVEL 3 SEMESTER 2 Corporate Finance Theory III Options, Futures & Risk Management III Level III Elective Level III Elective
CADENCE HART BACHELOR OF COMMERCE (CORPORATE FINANCE)
“I graduated in 2006 after which I took up the position of a Tax Analyst with Deloitte Touche Tohmatsu Ltd. Studying at the University of Adelaide has provided me with many opportunities, including access to scholarships and work experience programmes, allowing maximum choice in determining my career path. Broader experience is valuable in work and in life; when coupled with the solid knowledge base provided by Adelaide’s Commerce degree, a powerful combination is created making great things achievable.” 09
FINANCE PATHWAYS | FURTHER STUDY
PETER LARDEN
FURTHER STUDY
BACHELOR OF ENGINEERING (CHEMICAL) BACHELOR OF FINANCE
Peter graduated from the University of Adelaide in 2003 with a Bachelor of Chemical Engineering 1st Class Hons and was awarded the University Medal in the same year. In 2005 he completed a Bachelor of Finance focussing on Portfolio Theory, Corporate Structures and Financial Modelling Techniques.
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The combination of Engineering and Finance provided me with a competitive advantage when entering the workforce.
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Since leaving university Peter has worked at ExxonMobil in Melbourne in both the Engineering and Planning and Business Analysis departments. His roles have focussed on optimising the value of existing oil and gas operations in Bass Strait. “Establishing a strong technical understanding of the opportunities, coupled with the drivers of project economics is critical to developing sound business judgement”. The balance of Engineering and Finance qualifications from the University of Adelaide provided a solid basis for these skills.
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Students who achieve a high credit / distinction average or equivalent in their Finance degree have an option to study for a fourth year and obtain Honours in a Finance degree. An Honours degree in Finance is a gateway both to prestigious positions in the Finance industry and to advanced studies in finance. Honours degrees are an entry qualification for a Masters degree and a degree of Doctor of Philosophy (PhD) within Australia or overseas. A student with a good Honours degree can proceed directly to a PhD.
Higher Degrees The University of Adelaide offers a number of postgraduate courses in Finance. Students have access to Masters’ degrees by coursework and research. A PhD is also available for students wishing to advance their finance education to the highest level. Further information can be obtained from the Business School website.
Double Degrees A double degree is an excellent opportunity to enhance your academic experience and expand your career options. Most double degree programs with the Bachelor of Finance can be completed in four to five years of full time study, provided that students take the appropriate combination of courses from the first year of study. For double degree programs, such as Economics/Finance, Finance/Mathematical and Computer Sciences and Finance/Law, students receive an offer to join both programs directly from SATAC. Degrees that can be completed in 4 years • Double degree with the Bachelor of Economics • Double degree with the Bachelor of Mathematical & Computer Sciences Degrees that can be completed in 5 years • Double degree with the Bachelor of Engineering • Double degree with the Bachelor of Laws Please Note: Local students may also combine Finance concurrently with Commerce however in order to do this they must apply to SATAC at the end of their first year of study to add the second degree. If students have completed 12 units or more of University courses they can compete for entry into the second program based on their grade point average, not their year 12 or STAT score.
FINANCE PATHWAYS | INFORMATION
APPLICATION PROCEDURES Local Students and International Students Studying an Australian Year 12
RYAN RAMSEY BACHELOR OF FINANCE BACHELOR OF COMMERCE (HONOURS 1ST CLASS)
Applications for entry to the Bachelor of Finance should be made through South Australian Tertiary Admissions Centre (SATAC code: 314401).
“Having completed my Bachelor of Finance degree in 2004 I decided to take a year off study. Not unlike many university graduates I was uncertain as to what career path I would pursue.
For South Australian school leavers: HESS Group General; the TER required for entry in 2009 is71.5
“It was during this time I
International Students Applications should be made through the International Office. Please refer to: www.international.adelaide.edu.au/apply/ Email: ug.business@adelaide.edu.au The TER required for entry in 2009 is 75
PROFESSIONAL FINANCIAL BODIES • Financial Services Institute of Australasia: www.asic.gov.au • Financial Services Institute of Australasia: www.asic.gov.au • Global Association for Risk Professionals GARP: www.garp.com • Financial Planning Association of Australia: www.fpa.asn.au • Institute of Actuaries of Australia: www.actuaries.asn.au • Chartered Financial Analyst (CFA) Institute: www.cfainstitute.org
decided to undertake the Honours program to further my analytical skills and finance knowledge and to improve my career prospects over and above that of my peers.
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“I found the Honours program to assist in many levels of my education from a more detailed understanding of corporate finance principles to detailed research, critical analysis of theories and public speaking. A highlight for the year was presenting my thesis proposal at the Australasian Business and Behavioural Science Association Conference held at the University of Adelaide. “During my Honours year I successfully applied for an analyst position within the corporate team at Futuris Corporation where I have worked for the last year and a half. My pending graduation was critical in gaining this position with Honours qualifications being a prerequisite for the role.”
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FINANCE PATHWAYS | NOTES
DISCLAIMER With an aim to continual improvement the University of Adelaide is committed to regular reviews of the courses and programs it offers to students. As a result, the specific courses available to students may vary from year to year. For Updated Information on: Programs www.adelaide.edu.au/programs Tuition Fees www.adelaide.edu.au/student/finance/ commonwealth/contribution/#sc The University of Adelaide assumes no responsibility for the accuracy of the information provided by third parties.
This publication is printed using soy-based inks on Mega Recycled FSC Silk paper, made from 50% Recycled post consumer waste and 50% fibre sourced from sustainably managed forests. Mega Silk is manufactured under the environmental management system ISO 14001.
The Faculty of the Professions The University of Adelaide South Australia 5005 Australia Telephone +61 8 8303 4755 Facsimile +61 8 8303 6050 Email ughub@adelaide.edu.au. asktheprof@adelaide.edu.au Web www.business.adelaide.edu.au CRICOS Provider Number 00123M Š The University of Adelaide 2009
www.adelaide.edu.au