Adelaide and Indonesia launch dual finance degree

Monday, 28 April 2008

Indonesian postgraduate finance students will be offered the chance to complete part of their degree in Adelaide under a new partnership agreement signed between the University of Adelaide and the University of Indonesia.

The universities have launched a dual Masters degree program, which will enable Indonesian students to gain two postgraduate degrees, one from Indonesia and one from Australia.

Under the program, students from the University of Indonesia will complete 12 months of their two-year Masters within the Business School at the University of Adelaide as well as 12 months in the Faculty of Economics at their home University.

Students will be awarded the Master of Commerce (Applied Finance) degree from the University of Adelaide and the Master of Science in Management (Finance) degree from the University of Indonesia on completion of their studies.

The Pro Vice-Chancellor (International) of the University of Adelaide, Professor John Taplin, said the dual degree will provide Indonesia with better qualified graduates to service the rapidly growing financial services market in Asia.

"Indonesia has an urgent need for more skilled professionals to work in the securities and investments industry," Professor Taplin said.

"The expansion of the Indonesian economy requires this industry to be competently and ethically run if the level of investment is to continue to grow in the years ahead.

"High quality finance professionals are in strong demand in Asia, which is home to many of the world's fastest growing economies. Both the University of Indonesia and University of Adelaide are internationally ranked in the region and produce graduates trained to meet the highest professional standards," he said.

The first students will commence in July this year and transfer to Adelaide in February 2009.

The Australian Ambassador to Indonesia, Mr Bill Farmer, was among the distinguished guests who attended the signing ceremony between the two universities held at the Financial Club in Jakarta on 16 April.

University of Adelaide staff at the ceremony included Professor Taplin, Mr Clive Perring, Director of the University's International Centre of Financial Services; Dr Syed Ali and Ms Ratna Derina from the University's Business School; Ms Kate Harris, Associate Dean (International); and Mr Edwin Leow, Marketing Manager for the Faculty of the Professions.

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