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Lane Cigna (BNY Mellon): +1 412 427 2360 / Lane.Cigna@bnymellon.com

Corporate decision-making, financial analytics tools and understanding the role of capital markets will all be central to a new suite of online courses developed by the University of Melbourne for BNY Mellon.

Through this unique collaboration underwritten by BNY Mellon, the University will develop four publicly available courses along with a Capstone Project that, when combined, will constitute a ‘Finance Specialization’, to be delivered to learners world-wide via Coursera, one of the largest massive open online course (MOOC) providers with 11 million registered learners worldwide.

BNY Mellon’s 50,000 employees will also have access to the new Finance Specialization through BNY Mellon University, the company’s corporate learning and development organization that offers leadership, management and professional development courses, as well as risk and compliance training, for its globally distributed workforce.

Pro-Vice Chancellor (Educational Innovation), Professor Gregor Kennedy, who leads the University of Melbourne’s online activities said “the course will build on the considerable expertise of the University in the design and delivery of MOOCs developed over the last two years, and we see this as a really exciting extension of our MOOC programs, and an endorsement of our expertise in this area.”

“This opportunity aligns with Melbourne’s international position and ambitions as it will enable our leading finance professors to reach a new community of learners in partnership with one of the world’s most prestigious investments companies,” added University of Melbourne Provost, Professor Margaret Sheil.

“We expect significant benefits from this partnership to flow to the University. Through this initiative we anticipate reaching learners who would otherwise not have an opportunity to engage with the University.”

“Global economies and capital markets have become increasingly complex, interconnected and dynamic,” said David DeFilippo, Chief Learning Officer, BNY Mellon. “BNY Mellon University’s Finance Specialization represents a unique opportunity to empower future financial services leaders through the convenience of an online, on-demand, globally accessible education platform.” 

Professor Paul Kofman, Dean of the Faculty of Business & Economics and Associate Professor Sean Pinder will lead the development and teaching of the online course. Professor Kofman said the course “provided a unique opportunity to demonstrate the principles of corporate decision making in practice using BNY Mellon's vast network of global financial experts.” 

“The fact we have an opportunity to present this course is due recognition of the strength of the Faculty’s expertise in these fields.”

Scheduled to go live in mid-2015, the course is designed to provide a firm understanding of the financial toolsets necessary to solve real problems in complex financial markets. It will cover the language and tools of accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and redefined attitudes towards risk and risk management.

Coursera has partnered with many of the top universities around the world, including Stanford, Yale, Princeton, Tokyo and Edinburgh. The University of Melbourne was Coursera’s first Australian partner, joining the consortium in 2012. 

The University of Melbourne was selected as the preferred partner to develop the Specialization after a competitive process among Coursera members. 

“We see great potential in combining the best of university teaching with the insights of industry leaders,” said Daphne Koller, President and Co-Founder of Coursera. “BNY Mellon and Melbourne, by working closely to create flexible, affordable educational experiences for current and aspiring finance professionals, are helping us pave the way for a future where online education meets needs across a lifetime of personal and career growth.”