Programmes

Bachelor of Business (Economics and Finance)

Full-time

Programme Overview

Founded in 1887, RMIT is one of Australia’s original educational institutions.

RMIT has a five-star QS ranking for excellence in higher education and is ranked 21st in the world among universities less than 50 years old (2015 QS Top 50 Under 50 index).

RMIT has been in partnership with SIM since 1987, with over 30,000 SIM-RMIT graduates. www.rmit.edu.au

The philosophy underlying the programme is that a rapidly changing world requires adaptable analytical skills. This degree is designed to develop broad business skills as well as more specialised technical knowledge in the fields of economics and finance.

Students will gain a theoretical and practical perspective of the modern finance industry and will analyse the economic context relating to real issues such as inflation, unemployment, taxation, global finance and trade, inequality, international competition, consumer behaviour and economic growth.
 


Course Start Date & End Date

Full Programme: 
Jul 2017 – Jun 2020

Advanced 1: 
Jul 2017 – Dec 2019

Advanced 2: 
Jul 2017 – Jun 2019  

Fee

Full Programme (3 Years):
S$42,372 for 24 modules, payable over 6 semesters

Advanced 1 (2.5 Years):
S$35,310 for max 20 modules, payable over 5 semesters

Advanced 2 (1.5 – 2 Years):
S$28,248 for max 16 modules, payable over 4 semesters

Per module fee: S$1,765.50

Above fees exclude textbooks

Application Fee applies

All fees inclusive of prevailing GST.

Scholarships & Awards

Scholarships are available

 

 

Low Xin Xian

I have learned a lot from my time in SIM GE. The hands-on RMIT programme has helped me feel confident to step out into the working world when I graduate.

Application

Local applicants: From 23 Jan 2017 to 12 Apr 2017

International applicants: From 23 Jan 2017 to 15 Mar 2017 

 Please refer to the Fees tab for application fees payable.


Gain a career edge in business & finance

The business world is competitive, demanding that you have the right qualification, skills and domain knowledge to survive and thrive.

Taught by both RMIT Academic Staff and local lecturers, this course of study leads to a fully-accredited Australian degree which also allows you to be accepted into Master of Finance programme.

You acquire a strong technical knowledge of economics and finance, and develop broad business skills required for high level economic and financial management.

Professional Accreditation

Students and graduates of the programme are eligible to apply for membership of the Financial Services Institute of Australasia (Finsia).
 
Graduates who undertake additional specified courses can have these counted towards partially fulfilling the academic requirements for Associate Membership of CPA Australia.
 
For more information, visit:
 

www.cpaaustralia.com.au  

Further Education

Graduates may further their studies in the Masters programme.

Career Prospects

Graduates will be equipped with knowledge and skills in the core areas of business, economics and finance, and the capability to apply these skills in multidisciplinary environments. This programme provides opportunities for training, preparing graduates for jobs in banking, stockbroking, funds management, insurance and financial services.

Teaching Faculty

RMIT engages Singapore-based lecturers who demonstrated professional and academic competence. They are supported by RMIT Academic Staff who regularly visit Singapore for consulting, monitoring the programme, moderating assessment and intensive teaching sessions.

Delivery Mode

The programmes focus on both the theory obtained in the classrooms, while students develop an understanding and the confidence to be effective in practice. Beside lectures, students do case studies, problem-solving exercises, projects and self-managed learning activities.

Lectures are normally conducted by both RMIT Academic Staff and Local Lecturers.

Full-Time lectures are typically of 3 hours duration per session with 10 to 15 minutes break, which are held in the mornings or in the afternoons on weekdays at SIM Headquarters, 461 Clementi Road, Singapore 599491.

Candidature Period

The maximum allowed period for a student to complete the programme for full-time is

  • Full programme (24 modules): 4.5 years
  • Advanced 1 (17 to 20 modules): 4 years
  • Advanced 2 (12 to 16 modules): 2.5 – 3 years

Minimum Class Size

Minimum class size to commence: 50 students. Students will be informed within 30 days before class commences.

Modules

To be awarded the Bachelor of Business (Economics And Finance) degree, student must complete, or exempted from completing (depending on their advanced standing status), a total of 24 modules comprising:

8 Common Core Modules

  1. BUSM4192 Introduction to Management
  2. ACCT2060 Accounting in Organisations and Society
  3. ECON1025 Prices and Markets
  4. MKTG1199 Marketing Principles
  5. ECON1035 Business Statistics 1
  6. ECON1016 Macroeconomics 1
  7. ISYS2059 Business Computing 1
  8. LAW2446 Commercial Law


12 Degree Major Modules

  1. BAFI1005 Financial Markets
  2. BAFI1012 Business Finance
  3. ECON1045 Macroeconomics 2
  4. ECON1064 Quantitative Analysis
  5. BAFI1045 Investment
  6. ECON1272 Basic Econometrics
  7. ECON1056 Price Theory
  8. LAW2460 Law of Investments and Financial Markets
  9. BAFI1029 Risk Management
  10. ECON1089 International Trade
  11. ECON1085 International Monetary Economics
  12. BAFI1019 International Finance


4 Electives, which may be made up of :

  • 1 Business Minor OR
  • 4 Electives

For List of available Majors, Minors and Electives, click here

For Modules Outline, click here

For Indicative Completion Pattern, click here

 

Entry Requirements

Full Programme – 24 Modules

  •  3 GCE 'A' Level passes or
  • Minimum of 3 H2 level subjects with a pass or above

Advanced 1 – 17 to 20 Modules

  • An RMIT approved non-business diploma from any of the local polytechnics

Advanced 2 – 12 to 16 Modules

  •  An RMIT approved relevant business diploma from SIM or any of the local polytechnics

Other qualifications will be considered on a case-by-case basis by the university.

If an applicant does not satisfy the minimum entry requirement, the applicant may be able to satisfy the requirement if they can produce evidence of other equivalent qualifications or combination of qualifications and experience as assessed by RMIT University on a case-by-case basis.

For Information on Overseas Qualifications, click here

English Language Requirements

Applicants who have not achieved a minimum of C or better in General Paper at AS/H1 Level or Knowledge and Inquiry at H2 must provide evidence of at least ONE of the following:

  •  IELTS (Academic) - 6.5 (no band less than 6.0);
  • TOEFL - Paper-Based = 580 (TWE 4.5);
  • TOEFL - internet-Based Test (iBT) = 92, with minimum of 20 in all sections;
  • Pearson Test of English (Academic) (PTE(A) = 58 (no communication band less than 50);
  • Cambridge English: (Advanced CAE) (up to 2014) = 58 with no less than 'borderline' in each skill;
  • Cambridge English: (Advanced CAE) 2015 onwards: 176 with no less than 169 in any component;
  • RMIT English Worldwide (REW) Advanced Plus or equivalent;
  • Successful completion of a recognised approved Diploma qualification or higher, where the language of instruction was English.
  • Have successfully studied Singapore Cambridge 'A' levels at a Singaporean high school for at least 2 years and met the academic entry criteria of 3 A/H2 level passes
  • Other equivalent qualifications approved by RMIT will be considered

     

Course Fee

Full Programme
3 years: S$42,372 for 24 modules, payable over 6 semesters.

Advanced 1
2.5 years: S$35,310 for max 20 modules payable over 5 semesters

Advanced 2
1.5 – 2 years: S$28,248 for max 16 modules payable over 4 semesters

  • The fees quoted for the 2017 January intakes are based on S$1,765.50 per module (inclusive of prevailing GST).
  • The programme fee is exclusive of textbooks.
  • Actual semester fees may vary depending upon exemptions granted and modules taken.
  • First semester fees payable upon acceptance of offer. Subsequent semester fees payable before commencement of semester.
  • Students who repeat a failed module must pay a repeat fee of S$1,765.50 per module (inclusive of prevailing GST). Not all modules will be offered every semester.

Application Fee applies

Scholarships & Awards

Scholarships are available
 

Exemption Eligibility

Applicants holding qualifications other than a recognised diploma from SIM GE or a Singapore local polytechnic, should apply for advanced standing at the time of application. On receipt of a credit application, RMIT will assess your previous study to determine if the body of knowledge and practice has changed significantly. If the course content has changed significantly and you have not maintained sustained practice in the field of study, your application may be rejected.

Diploma holders from SIM GE or a Singapore local polytechnic

Holders of a recognised diploma from SIM GE or a Singapore local polytechnic will be granted advanced standing in RMIT business degrees.

Depending on the degree in which a student enrols:

  • Diplomas categorised as business diplomas are granted 12 exemptions.
  • Diplomas categorised as non-business diplomas are granted up to 8 exemptions.

Details on diplomas groups and applicable credit: http://www1.rmit.edu.au/bus/singaporecredit

Profiles

Lecturers & Teaching modules 

Average Teacher-Student Ratio 1:109

Smallest Class Size: 8

Largest Class Size: 309

 

 

Assessment & Exams

Assessments vary from module to module. Students are normally assessed by continuous assessments in the form of mid-term class tests, individual and group assignments and projects, case studies discussion and class presentations.

Most modules have a final examination at the end of semester. The examinations are held in late April/mid-May for semester commencing in January and in late October/mid-November for semester commencing in July. The examinations are scheduled on weekdays and Saturdays, in the morning and afternoon.

Academic Progress

Students are usually allowed to repeat a module once only. For advanced modules with pre-requisites, students are required to satisfactorily meet the pre-requisites before undertaking the modules.

Attendance requirement

Local, full-time students: 75%.
International students: 90%.

Award & Graduation

Students will be considered eligible for the award of Bachelor of Business (Economics And Finance) when they have satisfactorily completed all academic requirements of the programme as detailed in the programme structure.

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