International Finance and Banking

Testimonials

Ewan Metcalfe

Bachelor of Business (Sports Management)

"Through being at this college and the geographical location, it always reminded me to stay grounded, keep working hard to further improve my life and stay happy".

Julie Williams

Bachelor of Business (Fashion and Global Brand Management)

"I chose ICMS because they have provided me with the opportunity to kickstart my career through their many industry partners".

Keegan Du Preez

Bachelor of Business Management (Accounting)

"ICMS is realistic. They understand the realistic expectations of various markets. It’s not just textbook knowledge, especially compared to every other competitor".

Michaela Mayes

Bachelor of Business (Marketing)

"ICMS' Work Integrated Learning gave me the ability to gain real life experience before I even graduated".

Wiranpatchara (Sandy) Wongchanapai

Master of International Business

"Whilst studying at ICMS, I was able to have a strong work/study life balance".

Zachary Mcdonald

Bachelor of Business (Sports Management)

"I chose ICMS because of it's smaller community. There are more opportunities to have one-on-one contact with lecturers and a greater personalised learning experience than most higher education institutions".

Juliette Wilson

Bachelor of Business (Marketing)

"I think the biggest thing is that you get a personalised experience, and you’ll be treated like a person, not a number".

Prospectus 2022

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This subject is available under ICMS postgraduate degrees, please click the button below to find a postgraduate course for you.

BROWSE POSTGRADUATE DEGREES WITH THIS SUBJECT

Subject Code:

ECO802

In a globalised world, businesses face opportunities and challenges when managing finances across borders.Banks, as intermediaries in the financial system, are crucial agents in international finance. It is therefore crucial that managers can successfully negotiate with and manage relationships with banks and other financial institutions. Furthermore, managers need to be adept at controlling the finances of companies that trade internationally, whether this be small firms, or large scale multinational corporations. Managers in these contexts also require an in-depth understanding of the complex nature of contemporary issues and controversies in international finance and banking and the implications for the business organisations in which they work.

Subject Aim:

The aim of this subject is to offer you a highly developed understanding of the analytical tools required by a financial manager to operate in the international business environment. This includes developing an advanced knowledge of foreign exchange markets and their operation; the relationships between exchange rates, interest rates, and price levels; the financial instruments that enable international corporate activity, including the management of currency risk; and how multinational corporations make financing and investment decisions abroad; banks and trade; offshore financial centres; money laundering across borders; and current issues in global banking and the phenomenon of financialisation.

Learning Outcomes:

Analyse the challenges in managing an international business in the context of globalisation
Explain the market practices and trading conventions of foreign exchange markets and understand the theories underpinning foreign exchange rate determination.
Apply advanced knowledge of financial derivatives to manage foreign currency risk
Critically assess the roles and functions of banks in international trade and finance
Evaluate foreign direct investment decisions, and the role of offshore financial centres in the global flow of finance and as conduits for investment in foreign markets
Apply advanced knowledge of current issues in global banking and financialisation in managing the international finance of a business

Student Assessment:

Please refer to the official Exam Timetable for further information.


No	Type	Weighting	Learning Outcomes
1	Quiz	0%	2,3
2	Individual Assignment	40.00%	1,4,6
3	Individual Assignment	15.00%	1,2,3
3	Final Exam	45.00%	1,2,3,4,5,6

Congratulations!

You are now ready for a unique student experience.

At ICMS we are smaller than the traditional universities. This means your student experience will particularly special. You’ll make more friends than those at the big unis do. You’ll have fun going to the beach after class or heading into Manly to dance the night away during O-Week. This is the start of some thing amazing and we hope that you’ll have the best years of your life!

Your student experience will be an experience like no other … but there are some things no-one tells you!

With the wisdom of experience, here’s some advice – things we wish we know when we were in your position – to make the most of your student experience.

No Stress

Once you’ve accepted your offer you can relax! Enjoy your summer knowing you have done it. You’ve finished high school, you’ve received a great offer and you have done all the right things to get accepted.

It might feel like your whole future is being dictated by how you did at school and who you were then, but it really means very little in the uni scheme of things. The past is done. From now it’s all about your future.

And now it really is YOUR future. Your choices.

In a way, everything that happens after you receive your Letter of Acceptance resets your life and is an opportunity to thrive and excel in something you really care about.

‘Friend’ Us

A great way to learn what uni life is like is to connect on social media even before you start. You can see what’s happening on campus and you might even make some online friends before you begin!

Follow the ICMS Instagram and Facebook pages. You might also think about getting a head-start on your career gaols by setting up your LinkedIn profile and interacting with your uni there too.

Get Support

Even though you’ll only studying a couple of days a week you still need to work hard. You’ll have assignments and assessments which will help to see how you are going. Not all unis offer support services like ICMS does. If you are lucky enough to have access to these services, make sure you make use of them if you feel you need them.

At ICMS we WANT you to succeed. With the smaller classes at ICMS your lecturers will pick up if you are being challenged with any aspects of your studies and will suggest you seek extra support. It might be something as simple as learning proper referencing techniques or it could be help with maths, English language skills or even just general wellness. If you are happy at uni and getting the appropriate support when you need it, you will succeed.

Expand Your Friendships

Remember that whilst maintaining your high school friendships is great, we can sometimes rely on our established friendships at the cost of forming new ones.

There are heaps of clubs and sports what you can get involved in at uni. This is where you will meet likeminded people and develop those friendships that will last a lifetime. At O-Week you’ll have a chance to walk around and sign up for anything that sparks your interest. And if the club you were hoping to join doesn’t yet exist, then start one!

Finding new and interesting people to introduce to your existing friends could also have other benefits that go beyond socialising, like establishing the foundation for a strong professional network.

Get Some Real-World Industry Experience

Of course, your formal coursework is important, but so is engaging with it in more practical way helps you understand it better.

At ICMS you will have plenty of opportunity to engage with industry professionals. Take all those opportunities offered to you at ICMS. Speak to people and find out what their roles involve, ask them about internship opportunities and make a great impression. That way, when the Work Integrated Learning Team meet with you to organise your internship you will already have a good idea or where you’d like to go and what sort of role you’d like to do. Your Internship (Work Integrated Learning) will be one of the most important subjects you do at ICMS. You’ll find out about yourself, you’ll get clearer about your goals and you’ll make loads of important contacts. If you can get a head-start on this by networking in your preferred industry; shadowing people with jobs you’d like to do; creating a side project; or doing some volunteering, then you will position yourself as a top candidate for a great internship experience!

Work – But Not Too Much

Working while studying can be demanding but any work experience is better than none when it comes time to hit the job market. Working while at uni will help you learn how to balance responsibilities, how to be independent and it gave you a different perspective.

Just make sure that earning an income doesn’t come at the expense of your studies as long term you earn more throughout your life when you have a degree! And if it all gets too much remember that you do not have to study full-time. As a domestic student, you have the opportunity to tailor your study load and can be flexible in when you study!

Now… Get Ready for O-Week

When O-Week begins, it means a new batch of first years are about to start their studies. Forget what you’ve learnt about starting uni from clichéd US college movies. In reality, everyone starts off a little nervous and unsure of what they are supposed to be doing.

So, come along to as many O-week events as you can and make it your aim to meet at least three new people at each event. For example, if you are standing in a queue take the opportunity to chat to the person next to you. Ask them about what degree they are studying and where they are from. If they are from a different country realise that this might be their first time away from their family and if you are local they will be so grateful for a warm welcome to Australia. Check out Important Dates

At the O-week commencement ceremony and cocktail party takes place on the Wednesday evening of O-week and is a key moment of your life – one that you will remember for years to come – so make the most of it. Have fun. Meet people. Be open and friendly and you’ll find that you get back what you give out.

Watch video 2019 O-Week

Uni will teach you the theory and skills necessary for a job, but it’s so much more than that. It’s a time for growth, making lifelong friends from around the world, and having the best years of your life.

Make the most your student experience – study hard, play hard and embrace all the opportunities presented to you and most of all – enjoy it.

We’re excited to see you on campus soon!

The ICMS Student Experience Team

[email protected]