Graduate Course Guide 2018 - monash.edu/business - Monash University
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Welcome to
Monash Business
School
Top 100 Top 50
0 1 1
No No
Ranked top Ranked in
100 in the top 50
4 the4world Accounting and finance
Business and
management studies
Economics and econometrics
By QS World University
Ranking 2016/17
2 Monash Business SchoolMonash is home to one of the world’s
leading research-intensive business schools.
Our ambition is to transform business
by advancing knowledge and
addressing the global challenges facing
industry, now and in the future.
Our graduates are highly sought This truly global standing is These accreditations show that
after by the world’s top recruiters. reflected in our world rankings. we stand confidently among the
Based on surveys of 2500 Monash Business School best of the best, and that we
international recruiters from is among the 1 per cent of continue our upwards trajectory.
20 countries, Monash consistently business schools worldwide Organisations across the globe
ranks among the top 10 that hold the prestigious ‘triple will recognise these achievements
universities in Asia and Oceania, crown’ of quality accreditations – and your qualification – as
and 33 in the world in the Global by the three main business meeting true standards of quality.
Employability University Ranking*. school accrediting bodies: the
Our 100,000+ alumni pursue their Association to Advance Collegiate
careers across 113 countries, Schools of Business (AACSB)
many of whom occupy positions the EFMD Quality Improvement
of influence and leadership in System (EQUIS) and the
business and government. Association of MBAs (AMBA).
10 10
No
1 No
1
Research excellence
No
1
4 4
Ranked No. 1 in 5 Star rating 4 Star rating
Asia-Pacific region (Well above world standard) (Above world standard)
4
Econometrics Econometrics Applied economics
Cognitive and behavioural Accounting, auditing Banking and finance
economics and accountability Business and
Development economics Marketing management
By Research Papers in Excellence in Research for Excellence in Research for
Economics (RePEc) Australia (ERA) 2015 report Australia (ERA) 2015 report
* Published by Times Higher Education and the New York Times.
Monash Business School 01Define your professional path with a graduate
degree from Monash Business School
Whether you want to Global experiences
change careers or reinforce You are guaranteed a global education with
Monash Business School.
your knowledge in your current As a global university with a presence on four continents,
field, we have a course to you have access to international exchanges, internships
and collaborative research programs. You’ll benefit from our
help you achieve your goals. international reputation, global partnerships and extensive
business networks, and will graduate knowing that your
A master’s in business is a valuable degree is recognised by employers around the world.
investment in your future and will turn
your career aspirations into actions.
Many of our students use their graduate degree
as a springboard to land a more senior job in
their industry, while others take the skills and
knowledge they have accumulated to change Student exchange Research
career direction or launch their own enterprises. programs* collaborations*
And, you can tailor your course to suit your needs
– full-time or part-time, on-campus or off-campus,
at home or overseas. You can do coursework
or a research project, with the flexibility to study
when and where you choose, and benefit
from working with industry along the way.
Internship and corporate Research and
project programs* consulting services*
*F
ind out more at business.monash.edu/graduate-programs/student-experience
02 Monash Business SchoolConnecting education Making your return
and industry to study easier
At Monash we believe the educational experience We know you have many priorities
is extended through collaboration, challenging and commitments. That’s why we
the status quo and navigating uncharted territory. offer flexible study modes to allow
you to build your study around your
life. Most courses are offered in both
full-time and part-time study modes.
Some units, including those offered in our
MBA program, are offered in intensive
block mode allowing you to arrange
Closely aligned Extensive links with a short break from work to complete
with industry* business faculties a unit, and some are offered outside
around the world* business hours, online or via distance
study. It’s whatever works best for you.
Close ties with global corporate
organisations and government bodies*
Academic development
We offer programs that
In addition to our international accreditations, assist you with academic
Monash Business School is a member of or signatory to: skills and development.
– Association of Asia-Pacific Business Schools (AAPBS)
– Globally Responsible Leadership Initiative (GRLI)
– Quantitative Techniques for Economics
and Management (QTEM)
– Principles for Responsible Management
Education (PRME)
Many of our graduate programs are also recognised by Career development
professional bodies and associations. They may enable and planning
you to satisfy educational requirements for professional
Our mentoring and career readiness
registration or membership. These bodies include: programs help you develop into a
– Australian Human Resources Institute (AHRI) well-rounded employee who is able
– Australian Institute of Management (AIM) to engage in the global marketplace.
– Australian Marketing Institute (AMI)
– Chartered Accountants Australia
and New Zealand (CA ANZ)
– CFA Institute
– Chartered Institute of Management Accountants (CIMA)
– CPA Australia
– Financial Services Institute of Australasia (Finsia)
Online and distance
– The Institute of Actuaries of Australia
study options
– Institute of Public Accountants (IPA)
– Tax Practitioners Board.
We offer online and distance options
for some of our courses to help you
balance university with work, family
and other personal commitments.
Monash Business School 03Our programs
We offer a blend of coursework and
research-based programs that are designed
to develop your theoretical knowledge and
practical skills.
Many of our graduate programs give you the ability to tailor your
studies to your personal interests and career goals through our
extensive elective units.
Most courses offer the ability to study elective units from across
your discipline area, and many also give you the opportunity to
choose your electives from units offered by other faculties of the
university. We also offer research pathways in many of our
master’s courses, giving you the opportunity to explore research
opportunities before commencing a PhD.
Graduate certificates Master’s by Double master’s
and diplomas coursework degree
These shorter programs enable you Our extensive master’s programs For students who wish to develop
to extend your knowledge in general enable you to grow your expertise skills in different disciplines, we offer
business principles. Their flexible in a specific area of business, and a unique double master’s degree
structure means you can study broad significantly propel your career and program – the Master of Professional
business units, or take a sequence earning power. We offer an extensive Accounting and Master of Business
of units in a specific discipline. range of master’s programs for Law. This program allows you to
Successful completion of these both early career professionals and graduate with qualifications in two
programs may also lead to admission experienced professionals across the diverse areas of business in a similar
into our master’s programs. full spectrum of business disciplines. time frame to a traditional two-year
master’s program.
The Monash Research
MBA degrees
Our top-ranking MBA program is Our Master of Philosophy and
designed to help take your already Doctor of Philosophy programs
successful career to the next are designed to provide the
level and develop your leadership background and skills necessary
and management skills. to conduct independent research,
and prepare you for an academic
career in teaching and research.
04 Monash Business SchoolGraduate certificates and diplomas Management
Graduate Certificate in Business 6 Master of Human
Resource Management 27
Graduate Diploma in Business 6
Master of Management 28
Graduate Diploma in Human
Resource Management 7
Marketing
Accounting Master of Marketing 30
Master of Professional Accounting 8
Master of Accounting 9 Multidisciplinary Programs
Master of Environment
and Sustainability 33
Business
Master of Financial Mathematics 34
Master of Business 11
Master of Business Law 14 Master of Project Management 35
Master of International Business 16
Double Masters Programs
Banking and Finance Master of Professional Accounting
and Master of Business Law 36
Master of Applied Finance 19
Master of Banking and Finance 20 MBA Program
The Monash MBA 38
Economics and Econometrics
Master of Actuarial Studies 22 Research Programs
Master of Applied Economics Monash Doctoral Program 40
and Econometrics 23
Master of Philosophy 41
Monash Business School 05Graduate certificates
and diplomas
Graduate Certificate in
Business
The Graduate Certificate in Business gives you
Caulfield
the chance to take your career in a new direction
and explore a variety of business areas.
6 months
You’ll broaden your current skill set and Entry requirements
Full time or have a strong foundation in your preferred An Australian bachelor’s degree or
part time discipline. Choices include marketing, equivalent qualification with a Weighted
public sector management, human Average Mark (WAM) of 55 per cent or
Day and resources, economics and more. an equivalent GPA as determined by the
evening classes faculty. You’ll be ranked and selected
based on your entire academic record.
February
and July
C
C Cricos code:
C
069580E
COURSE CODE: B4001
Graduate Diploma
in Business
Caulfield The Graduate Diploma in Business allows
you to build on your knowledge and acquire
1 year expertise in your chosen area of business.
Full time or An additional feature of this course is the Entry requirements
part time ability to direct your studies in the area of An Australian bachelor’s degree or
health and economics by studying selected equivalent qualification or approved
Day and health, pharmaceutical and policy-related pathway, with a Weighted Average Mark
evening classes units, delivered by Monash Business (WAM) of 55 per cent or an equivalent
School’s Centre for Health Economics. GPA as determined by the School.
February You’ll be ranked and selected based
and July on your entire academic record.
C
C Cricos code:
C
069579J
COURSE CODE: B5001
06 Monash Business
MONASH School
BUSINESS SCHOOL
06Graduate certificates
and diplomas
Graduate Diploma in
Human Resource Management
In this course you’ll address the key areas of
Caulfield
contemporary HR practice and increase your capacity
to influence change and make logical judgments.
1 year
If you want to pursue graduate studies Accreditation and
in HR, or are a HR professional keen professional recognition Full time or
to formalise your education in the part time
This course may lead to accreditation
field, this program is for you.
with the Australian Human
Resources Institute (AHRI). Day and evening
classes.
Entry requirements
An Australian bachelor’s degree or February
equivalent qualification with a Weighted and July
Average Mark (WAM) of 55 per cent, plus
two years work experience. You’ll be ranked C
C Cricos code:
based on your entire academic record. C
033930G
COURSE CODE: B5002
“Monash Business School was
my number one choice for
graduate education. As a Group
of Eight university, it has great
influence and respect globally.
Employers recognise the value
of a Monash qualification, no
matter where you come from
or where you career takes you.”
WAN ARMA IDAYU BT
ABDUL RAHMAN
Master of Business Law graduate
Principle Assistant Secretary,
Ministry of Defence, Malaysia
Monash Business School 07Accounting
Master of
Accounting
Designed for accounting graduates who want to take the next step
Caulfield
in their careers, the Master of Accounting connects research and
practice to give you a deep understanding of the latest applications.
1, 1.5 or 2 years
In this program you’ll develop skills across The program structure combines core units and
Full time or specialist fields of practice, including accounting elective options so you can tailor your professional
part time information systems, financial accounting, learning with your career goals and interests. This
forensic accounting, auditing and management course also allows you to undertake a research
Day and accounting to a high-level of proficiency. pathway, if you’re interested in pursuing a PhD.
evening classes
February
and July Course structure Entry requirements
The course consists of three parts. Part A. Advanced preparatory studies, Depending on your prior
C
C Cricos code: Part B. Mastery knowledge and Part C. Application studies. All students qualifications and experience,
C
095692C complete Part B. Depending upon your prior qualifications, you may you may be eligible for entry credit
receive credit for Part A or Part C or a combination of both. which reduces the duration.
Applicants must prepare
Part A. Part B. Part C. a Candidate Statement in
Advanced preparatory Mastery knowledge Application studies
COURSE CODE: B6002 which they are required to
studies (48 credit points) (24 credit points)
(24 credit points) demonstrate that they possess
the motivation and academic
You must complete: You must complete: Students must skills required to successfully
– Accounting a. Seven units (42 points): complete either:
complete the program.
information systems – Management Up to four
– Management control systems elective units
accounting
Eligibility Duration
– Strategic management or (In equivalent Australian (Years)2
– Advanced financial accounting Two research units: qualification terms)1
accounting – Forensic accounting and – Research
– Auditing and fraud examination methods Bachelor’s degree or an 2
assurance – Financial statement analysis equivalent qualification
– Research project
and business valuation in accounting with a major in accounting
– Financial reporting issues (12 points) with WAM of 65%
– Business analytics
Plus, one of the Bachelor’s degree in 1.5
– Integrated systems for following units: accounting and additional
business enterprises qualification3 in a related field
– Issues in
b. A capstone experience accounting
unit (6 points minimum) information Bachelor’s degree in 1
from the following: systems accounting and a
– Applied contemporary – Issues in auditing Graduate Certificate,
accounting and assurance OR Bachelor’s degree in
– International study – Issues in financial accounting and a honours
program in accounting auditing degree in accounting
– Industry placement – Issues in with at least a second
management class division A
– Industry placement
(12 points)* accounting OR Bachelor’s degree
in accounting and
* If you complete this 12-point have completed one
unit as your capstone experience of the following:
you will only need to complete 18 the Practical Experience
points for Part C. This also means Program of CA ANZ; CPA
you will not be able to complete Program including the Your
the research pathway in Part C. Experience requirements;
the Mentored Experience
Program (MEP) of the IPA,
Accreditation and OR; the Professional ACCA
Qualification including
professional recognition the Practical Experience
By studying this course you may be eligible for exemptions Requirements (PER)
towards Chartered Institute of Management Accountants
1. Selection is based on previous academic
(CIMA) papers, and associate and entry to CPA Program achievement. For further details, see study.
monash/courses. You’ll be ranked and selected
of CPA Australia, entry to Chartered Accountants Program based on your entire academic record.
of Chartered Accountants Australia and New Zealand, and 2. Even if you’re eligible for a shorter
course duration you may elect to
associate membership of the Institute of Public Accountants. complete the longer duration.
3. Qualification must satisfy the educational
requirements for entry to one of the following
professional accounting programs: Chartered
Accountants Program of Chartered
Accountants Australia and New Zealand (CA
ANZ); CPA Program of CPA Australia; IPA
Program of the Institute of Public Accountants
(IPA), or; Foundation Level of the Association
of Chartered Certified Accountants (ACCA)
08 Monash Business SchoolAccounting
Master of Professional
Accounting
If you’re looking to complement your undergraduate
Caulfield
studies with an accounting qualification, the Master
of Professional Accounting is the program for you.
2 years
You’ll explore all aspects of business, as well as financial and
management accounting in this course. You’ll also gain the Full time or
fundamental skills across accounting information systems part time
and auditing, to ensure you’re ready to work in the field.
Day and
evening classes
February
Course structure Entry requirements and July
The course is structured in three parts. Part A. Advanced An Australian bachelor’s degree in
preparatory studies, Part B. Mastery knowledge and Part a non-accounting discipline with a C
C Cricos code:
C
C. Application studies. All students complete Part B. Weighted Average Mark (WAM) of 082336G
60 per cent or an equivalent GPA
as determined by the faculty. You’ll
Part A. Advanced Part B. Part C. be ranked and selected based
preparatory studies Mastery knowledge Application studies on your entire academic record.
COURSE CODE: B6011
(24 credit points) (60 credit points) (12 credit points)
Five units: Nine units: Two elective units Eligibility Duration
– Introductory – Strategic management We recommend you (In equivalent (Years)
Australian
accounting accounting complete electives qualification terms)1
– Law and – Accounting information from the following list:
commercial systems – Management Bachelor’s degree 2
decisions – Financial accounting control systems in any field (other
– Economics – Management accounting – Forensic accounting than accounting)
– Business – Advanced financial accounting and fraud
statistics examination
– Auditing and assurance 1. Selection is based on previous academic
– Financial statement
– Business finance achievement. For further details, see study.
analysis and monash/courses. You’ll be ranked and selected
– Corporations law business valuation based on your entire academic record.
– Taxation law – Financial reporting
One capstone experience issues
from the following: – Integrated systems
– Integrated accounting for business
enterprises
– International study Accreditation and
program in accounting – Applied
– Industry placement (12 points) contemporary professional recognition
accounting By studying this course you
may be eligible for exemptions
towards Chartered Institute of
Management Accountants (CIMA)
papers, and associate and entry
to CPA Program of CPA Australia,
“The most important outcomes entry to Chartered Accountants
from studying the Master of Program of Chartered Accountants
Professional Accounting was Australia and New Zealand, and
commencing study towards associate membership of the
my CPA/CA accreditation, Institute of Public Accountants.
broadening my financial
knowledge, developing my
business acumen and having
confidence in my financial
decision-making abilities.”
KATE HYLAND
Master of Professional
Accounting graduate
Finance Manager
(contracting)
09 Monash Business School 09“This program expands
your thinking and
develops your strategic
focus. The ability to study
my area of specialisation
(marketing), while also
gaining insight into
other areas of business,
was invaluable.”
SOPHIE METTRICK
Master of Business graduate
Marketing and Communications Manager
at Whitbread Insurance Brokers
10 Monash Business SchoolBusiness
Master of
Business
Forward-thinking and industry-focused, the Master of Business Caulfield
is designed to develop your leadership and interpersonal skills,
and transform the way you operate in professional contexts. 1, 1.5 or
2 years
Designed for recent graduates, the course The flexible course structure allows you to build a
will give you the expertise you need to enter personalised master’s degree, with the option to Full time or
the corporate world, and provides you with a specialise in one of eleven key business disciplines, part time
broad-ranging master’s degree in business. or select from across the units to tailor the degree
to suit your career goals. You’ll develop the tools to Day and
make a difference in industry as well as essential evening classes
skills for business success, including critical thinking,
communication, and relationship management. February
and July
C
C Cricos code:
Specialisations C
079669B
Business ethics Commercialisation Units in this specialisation include:
and society You’ll develop the skills to – Project management
You’ll investigate the role of commercialise scientific – IT for management COURSE CODE: B6005
businesses as ethical and social and technological projects. decision making
leaders. In this specialisation, Covering venture finance, – Enterprise systems
you’ll gain an understanding patenting, innovation and wealth – IT strategy and governance
of the ethical and social issues pathways, you’re provided with a – Managing business records
businesses face, and develop your comprehensive business-focused
– Enterprise architecture
critical engagement and leadership setting to help you develop
and management
capabilities. You’ll learn how to business and entrepreneurial
manage diversity, inclusiveness, acumen. This specialisation is
and work/life balance, and apply aimed at those with a background Law and responsible
these skills within managerial in science or technology who business
roles in the private, public are keen to develop their
commercialisation expertise. Regulatory issues are important
and not-for-profit sectors.
in the business environment.
Units in this specialisation include: Units in this specialisation include: You’ll learn how legal and social
– Commercialisation project A responsibility considerations
– Business ethics in a
– Commercialisation project B affect business decision
global environment
making, as well as the legal
– Corporate social responsibility – Financial management theory
issues affecting other business
– Professional development – Patenting for commercialisation
functions, such as corporate
- Career dynamics – Managing innovation governance, taxation, marketing,
– Professional Development – Commercialisation corporate social responsibility
- Self and relationships and human resources.
– Managing diversity and inclusion
– Leadership theory and practice
Information technology Units in this specialisation include:
– Managing work, family and life Focusing on current practices and – Corporate governance
emerging IT strategies in business – Workplace and
– Cross-cultural management
contexts, you’ll be introduced investment taxation
communication
to the management, creation, – Law and commercial decisions
storage, retrieval and dissemination
– Sustainability regulation
of business data in organisation-
wide frameworks. You’ll also And two units from the following:
gain a high-level understanding
– Comparative business
of project management.
law in Asia
– Intellectual property
and marketing law
– Chinese business law
– Financial services regulation
– Human resource
management law
Monash Business School 11Business
Master of
Business
Managing Human Capital Units in this And two units of the following:
This specialisation gives you an specialisation include: – Climate change and carbon
understanding of the theoretical and – Project management management strategies
practical issues of managing people – Applied project management – Sustainability regulation
in labour markets. The units focus – Computer based global – Risk financing and
on strategic and operational people project management treasury management
management issues, as well as the – Project finance – Quantitative methods
broader international context facing – Business finance for risk analysis
today’s managers. Also covered
– Designing business processes
are industrial relations, consulting,
Supply Chain Management
public sector management and
general people management issues. Quantitative You’ll focus on current practices
Business Analysis and emerging strategies to improve
Units in this specialisation include: supply chain performance. You’ll
You’ll develop the advanced
– Managing diversity and inclusion quantitative skills required to study the strategic management
– Managing work, family and life carry out statistical analysis of supply chains, as well as
in business, economics and their design and optimisation.
– People management and
finance. You’ll also develop We’ll cover the relevant
work in a global context
skills to report on the findings business processes, managing
– People management and strategy
of your quantitative analysis. innovation, and sustainable
– Foundations in human operations management.
resource management Your studies may include:
– Principles of negotiation Units in this specialisation include:
– Data analysis in business
– Foundations in human – Business optimisation skills
– Mathematics for business
resource management – Managing innovation
And four of the following units: – Advanced supply chain
Marketing – Business forecasting management
You’ll focus on the central concepts – High dimensional data analysis – Services and operations
of marketing for business. You’ll – Business optimisation skills management
learn foundation concepts as – Sustainable operations and
– Introductory applied
well as more advanced strategies supply chain management
econometrics
for buyer behaviour, integrated – Supply chain management
– Quantitative methods
marketing communication,
for risk analysis
marketing research, relationship Sustainability
marketing, innovation, planning, and – Data visualisation and analytics
– Or other approved units Focusing on current practices and
assessing marketing performance.
offered by the Department emerging strategies to improve
Units in this specialisation include: of Econometrics and corporate sustainability, you’ll gain
– Theory and process of Business Statistics insights from the perspectives
buyer behaviour of governance, ethics marketing
Risk Management and management. You’ll also
– Marketing research
develop your skills in business and
– Integrated marketing You’ll explore current practices
sustainability issues, environmental
communication and emerging strategies for
governance and corporate
– Marketing and the applying enterprise-wide
sustainability management.
international consumer risk management (EWRM) in
complex business structures. Units in this specialisation include:
And two of the following units: We’ll introduce you to the – Perspectives on
– Services marketing latest practices that allow the sustainability (12 points)
– Retailing management of risk to be
– Climate change and carbon
– Entrepreneurial innovation a value driver for business
management strategies
– International marketing prosperity and survival.
– Sustainability regulation
Units in this specialisation – Sustainable operations and
include: supply chain management
Project Management
– Case studies in risk
You’ll acquire the practical skills And one of the following units:
management
required by project managers – Corporate sustainability
working in global environments. – Introduction to risk principles
management
Focusing on modern approaches – Options, futures and
risk management – Sustainability measurement
to project management, study
areas include business and project – Business finance
finances, designing business
processes, technological tools
for project management, and
other organisational functions.
12 Monash Business SchoolBusiness
Course structure Entry requirements
The course is structured in three parts. Part A. Advanced preparatory An Australian bachelor’s degree
studies, Part B. Mastery knowledge and Part C. Application studies. or an equivalent qualification
All students complete Part B. Depending upon prior qualifications, you or an approved pathway with a
may receive credit for Part A or Part C, or a combination of the two. Weighted Average Mark (WAM) of
55 per cent or an equivalent GPA
Part A. Advanced Part B. Part C. Application as determined by the faculty. You’ll
preparatory studies Mastery knowledge studies be ranked and selected based
(24 credit points) (60 credit points) (12 credit points) on your entire academic record.
Four units Two units selected from: Four elective Depending on your prior
selected from: – Professional development units
qualifications and experience you
– Accounting for - Career dynamics or
business* Professional Development may be eligible for entry credit
– Law and commercial - Self and relationships which reduces the duration.
decisions** – Business ethics in a
– Economics global environment Eligibility Duration
– Business statistics or Corporate social (In equivalent Australian (Years)2
responsibility qualification terms)1
– Principles of
management And either:
– Six units (36 points) from a Bachelor's degree 2
– Marketing and in any field
the international specialisation listed below:
consumer • Business, ethics
Bachelor's degree in 1.5
and society
* This unit is a prerequisite a related field, OR
• Commercialisation
for a unit in the Bachelor’s degree in any
project management • Information technology field + relevant expertise3
specialisation. • Law and responsible
business Bachelor's (Hons) 1.5
** This unit is compulsory
in the Law and • Managing human capital degree in any field +
responsible business • Marketing relevant expertise3
specialisation. Students • Project management Bachelor's degree 1
completing this • Quantitative + relevant expertise
specialisation should business analysis in a related field3, OR
not select this unit.
• Risk management Bachelor's (Hons)
• Supply chain degree in a related field,
management OR Bachelor's (Hons)
degree in any field +
• Sustainability
relevant expertise3
Or:
– Six level-5 graduate units, 1. Selection is based on previous academic
with at least 24 points achievement. For further details, see study.
(four units) from Monash monash/courses. You’ll be ranked and selected
based on your entire academic record.
Business School 2. Even if you’re eligible for a shorter
course duration you may elect to
complete the longer duration.
3. For example, by a relevant graduate
certificate or work experience.
“I knew I wanted to study
business and I knew I wanted
to study it at Monash Business
School. The degree offered
a wide range of potential
career options and allowed
me to discover my passion
in consumer behaviour.”
LLEWELLYN STEVENS
Master of Business graduate
Manager – Regional Client Service at
Nielsen, Thailand
Monash Business School 13Business
Master of
Business Law
This course is designed for non-law graduates and
Caulfield
those who need specialist legal knowledge in regulatory,
compliance or risk-management positions.
1, 1.5 or 2 years
You’ll develop a deep understanding of the legal The course offers a distinct business perspective
Full time or environment and its impact on business practice in on legal issues and developments, and is ideal if
part time corporate governance, financial regulation, Asian you’re looking to advance your legal literacy.
and international business, human resources and
Day and workplace relations, marketing and taxation.
evening classes
February Course structure
and July
The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge
C
and Part C. Application studies. All students complete Part B. Depending upon prior qualifications,
C Cricos code:
C you may receive credit for Part A or Part C, or a combination of the two.
82332A
Part A. Advanced Part B. Part C.
preparatory studies Mastery knowledge Application studies
(24 credit points) (48 credit points) (24 credit points)
COURSE CODE: B6013
Four units: Six units: Marketing and commerce Four elective units
– Accounting – Corporate governance – Comparative business law in Asia Or
for business – Business regulation – Intellectual property and marketing law One research
– Economics and compliance – The globalisation of law and pathway unit:
– Business – Masters research paper development in Asia – Major research
statistics – Law and commercial decisions – Chinese business law project (18 points)
– Principles of – Introduction to risk principles – International trade law Plus one
management – Case studies in risk – Marketing and the international consumer elective unit
management Regulation of the environment and
Two elective units from corporate social responsibility
the following suggested – Corporations law
areas of study: – Sustainability regulation
Business regulation in Asia – Corporate social responsibility
– Comparative business
Regulation of international
law in Asia
business and trade
– The globalisation of law – Comparative business law in Asia
and development in Asia
– International law and policy
– Chinese business law
– Regional trade governance
– Regional trade governance
– International trade law
– Chinese taxation law
– International trade policy
Human resources and
employment regulation Taxation and finance regulation
– The law of employment – Financial planning
– Human resources – Financial services regulation
management law – Workplace and investment taxation
– Managing people and – Chinese taxation law
organisations – Taxation law
(You may also choose level 5 units offered by the Department of Business Law
and Taxation or units offered by the Faculty of Law in the Master of Commercial
Law, with approval of the Master of Business Law course director).
Entry requirements Eligibility Duration
An Australian bachelor’s degree or an equivalent (In equivalent Australian qualification terms)1 (Years)2
qualification with a Weighted Average Mark
(WAM) of 55 per cent or an equivalent GPA as Bachelor's degree in any field 2
determined by the faculty. You’ll be ranked and Bachelor’s degree in a related field, OR 1.5
selected based on your entire academic record. Bachelor’s (Hons) degree in any field
Depending on your prior qualifications and Bachelor’s degree in a related field + 1
experience you may be eligible for entry relevant expertise in a related field3, OR
Bachelor’s (Hons) degree in a related field
credit which reduces the duration.
1. Selection is based on previous academic achievement. For further details, see study.monash/
courses. You’ll be ranked and selected based on your entire academic record.
2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
3. For example, by a relevant graduate certificate.
14 Monash Business School“The Master of Business Law reflects
practical legal literacy and business law
expertise in the corporate world. During
my time at Zurich, I recognised that
my Bachelor of Laws didn’t give me the
practical and business understanding
required to work in-house for a global
organisation. I needed more insight to
the corporate world, and felt that the
Master of Business Law provided me
with the opportunity to broaden my
legal and business knowledge and
skills to help in my day-to-day job.
It also allowed me to tailor a program
to complement my professional
expertise, and pursue a career
pathway as Legal Compliance
Counsel for a global insurer.”
MELISSA LOZANOVSKI-KALYVAS
Master of Business Law graduate
Legal Compliance Counsel, Zurich Australia
Monash Business School 15Business
Master of
International Business
The Master of International Business will increase your
Caulfield
business and management knowledge, and hone the
skills you need to operate from a global perspective.
1, 1.5 or 2 years
You’ll focus on international politics and global business strategy
Full time or and communication, further developing your business management
part time knowledge. As part of this course you can choose from a
specialisation in international business or diplomacy and trade.
Day and This course offers a wide range of elective units, allowing you to
evening classes tailor the degree to your area of interests and career goals.
Off campus*
February
and July International Business specialisation Diplomacy and Trade specialisation
C You will develop skills in communications and Combining foreign affairs and international trade
C
Cricos code: negotiations across cultures, and the ability to policy units, you’ll gain a solid understanding of
C
082334K analyse firm internationalisation, international global issues. You’ll develop skills to evaluate trends
trade and corporate strategy. You’ll also gain in foreign and trade policy, an understanding of the
an appreciation of the multinational firm, the implications of international trade rules, and be able
environment in which it operates, and the to provide policy advice in the areas of foreign affairs,
COURSE CODE: B6007 activities required of the international manager. trade and development, and international business.
* Diplomacy and Trade Course structure
specialisation only
The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery
knowledge and Part C. Application studies. All students complete Part B. Depending on prior
qualifications, you may receive credit for Part A or Part C or a combination of the two.
Part A. Part B. Part C.
Advanced preparatory studies Mastery knowledge Application studies
(24 credit points) (48 credit points) (24 credit points)
International business International business specialisation Four elective units
specialisation: Eight units Or
– Economics – Accounting and finance for The three research pathway units:
– Law and commercial decisions international managers
– Introductory management
– Accounting for business – International trade law
research methods
– Business statistics – Introduction to international economics
– Research report (introduction)
Diplomacy and trade – International business strategy
– Research report (12 points)
specialisation: – International management
– Any four preparatory elective units – International business theory and practice
from Monash Business School – Marketing and the international consumer
– Cross-cultural management communication
Diplomacy and trade specialisation
Eight units
– International economics
– Regional trade governance
– International law and policy
– International trade policy
– International institutions and organisations
– Diplomacy and statecraft
– Emerging economies in a globalising world
– Governance of market societies
16 Monash Business SchoolBusiness
Entry requirements
Eligibility Duration
An Australian bachelor’s degree (In equivalent Australian qualification terms)1 (Years)2
or an equivalent qualification,
or an approved pathway with a Bachelor's degree in any field 2
Weighted Average Mark (WAM) of
60 per cent or an equivalent GPA Bachelor’s degree in a related field or 2 years 1.5
as determined by the faculty. You’ll relevant experience
be ranked and selected based
on your entire academic record. Bachelor’s degree in a related field + 1
relevant study in a related field3
Depending on your prior OR Bachelor’s (Hons) degree in a related field,
qualifications and experience you OR Bachelor’s (Hons) degree in any field +
may be eligible for entry credit 2 years relevant experience
which reduces the duration.
1. Selection is based on previous academic achievement. For further details, see study.monash/
courses. You’ll be ranked and selected based on your entire academic record.
2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
3. For example, by a relevant graduate certificate.
“This program is exceptionally
unique. It encompasses a vast
range of historical and current
international issues, with a
particular focus on global
governance and trade. It gives you
a broad base across economics,
international law, international
politics, policy and governance,
and it provides the opportunity
to associate daily with people
from right across the world.”
JOON HEO (DANIEL)
Diplomacy and Trade graduate
Customer Service Consultant, Lufthansa InTouch
Monash Business School 17“My graduate studies
have given me the
confidence to know
that I am highly
employable and can
provide value within
the Australian financial
services market.”
DAMIEN SHERMAN
Master of Applied Finance graduate
Head of ETF Capital Markets, Vanguard Australia
18 Monash Business SchoolBanking and Finance
Master of
Applied Finance
Are you a finance professional keen to add to your skills?
The Master of Applied Finance lets you align your learning Caulfield
with your career aspirations through advanced studies
in global financial markets, funds management, financial 1 or 1.5
years
planning, money market dealing and business forecasting.
The course covers specialist areas of finance The course gives you access to some of Australia’s Full time or
part time
instruction, and is a CFA Program Partner of leading academics in the field of finance, as well as
the CFA Institute, which means you can start industry experts who draw on their experience to
working towards earning CFA credentials. ensure your studies focus on current concepts and February
issues. You’ll learn in our state-of-the-art Simulated and July
Teaching and Research Laboratory (STARLab),
gaining valuable practical trading experience.
C Cricos code:
C
C 084613J
C
C
Course structure Entry requirements
The course is structured in two parts. Part A. Mastery knowledge and An Australian bachelor’s degree
Part B. Application studies. All students complete Part A. Depending with a major in finance; or an
COURSE CODE: B6003
on prior qualifications, you may receive credit for Part A or Part B or a Australian bachelor degree with
combination of the two. significant work experience in the
finance industry; or an equivalent
Part A. Part B. qualification. You’ll be ranked
Mastery knowledge Application studies accordingly based on your
(48 credit points) (24 credit points) entire academic record, and a
Weighted Average Mark (WAM)
Eight units: Four elective units**
of 65 per cent is preferred.
– Mergers and acquisitions Or
– Advanced security analysis The research pathway Depending on your prior
– Global financial markets – Research methods qualifications and experience
– Corporate treasury management – Research dissertation (12 points) you will be eligible for entry credit
– Funds management which reduces the duration.
Plus, one unit from the list below:
– Case studies in finance*
– Advanced modelling in finance
– Options, futures and
– Issues in corporate finance
risk management Eligibility Duration
– Issues in banking
– Financial econometrics (In equivalent Australian (Years)2
– Issues in investments qualification terms)1
Bachelor’s degree 1.5
* This capstone unit incorporates the application of research principles including
in finance, OR
research methods applicable to the finance professional’s field of work Bachelor’s degree in any
**Students can choose from a recommended list to align with the CFA requirements.
field + significant work
experience in the
finance industry
Bachelor’s (Hons) degree 1
in a related field, OR
Bachelor’s (Hons)
degree in any field +
relevant expertise3
1. Selection is based on previous academic
achievement. For further details, see study.
monash/courses. You’ll be ranked and selected
based on your entire academic record.
2. Even if you’re eligible for a shorter
course duration you may elect to
complete the longer duration.
3. For example, by a relevant graduate
certificate or work experience.
Monash Business School 19Banking and Finance
Master of
Banking and Finance
This comprehensive course gives you a thorough understanding
Clayton
of the banking and finance industry, and develops your proficiency
across areas such as portfolio management, money markets,
1, 1.5 or 2 years
financial management, bank lending and risk management.
Full time or The program is designed for people who have By connecting research and practice, you’ll develop a
part time
limited prior knowledge in finance and are looking deep understanding of the banking industry, and have
to enter the industry. It is ideal if you want to practical opportunities to apply your knowledge. You’ll
Day and develop strong skills in banking and finance, and grow your theoretical knowledge, and will strengthen
evening classes
expand your knowledge of financial institutions. your critical thinking and communication skills.
February
and July
C
C
C Cricos code: Course structure
079580M The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery
knowledge and Part C. Application studies. All students complete Part B. Depending on prior
qualifications, you may receive credit for Part A or Part C or a combination of the two.
COURSE CODE: B6004 Part A. Part B. Part C.
Advanced preparatory studies Mastery knowledge Application studies
(24 credit points) (48 credit points) (24 credit points)
Three units (18 points): Eight units: Four elective units:
– Accounting for business – Case studies and research You’re recommended to complete
– Economics in banking and finance electives from the following list:
– Business statistics – Bank lending or Treasury – Financial statement analysis
and financial markets and business valuation
Plus, one of the following units: – Institutional asset and – Introductory accounting
– Law and commercial decisions liability management – Management accounting
– Business ethics in a – Options, futures and
global environment – Case studies in risk management
risk management
– Foundations in human – Global banking institutions and issues
– International banking
resource management – Treasury and financial markets
– Financial management theory
– Marketing and the – Funds management
– Financial institutions
international consumer – Credit risk modelling
and markets
– Portfolio management – Advanced financial planning
and theory – Mergers and acquisitions
– Climate change and carbon
management strategies
– Introduction to risk principles
– Financial planning
– Bank lending
– Risk financing and treasury management
– International study program in
banking and finance
20 Monash Business SchoolBanking and Finance
Entry requirements
Eligibility Duration
An Australian bachelor’s degree, (In equivalent Australian qualification terms)1 (Years)2
or equivalent qualification with a
Weighted Average Mark (WAM) of Bachelor’s degree in any field 2
60 per cent or an equivalent GPA
as determined by the faculty. You’ll Bachelor’s degree in a related field or 1.5
be ranked and selected based relevant expertise3, OR
Bachelor’s (Hons) degree in any field
on your entire academic record.
Bachelor’s (Hons) degree in a related field, OR 1
Depending on your prior Bachelor’s (Hons) degree in any field + relevant expertise3
qualifications and experience you
may be eligible for entry credit 1. Selection is based on previous academic achievement. For further details, see study.
monash/courses. You’ll be ranked and selected based on your entire academic record.
which reduces the duration. 2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
3. For example, by a relevant graduate certificate or work experience.
“The Master of Banking and Finance is challenging,
comprehensive and provides transferable skills that can be
used across the banking and finance sectors. I continue to
develop and build on the skills I developed in this course –
analysing market research, critical and strategic thinking,
effective communication and presenting techniques.”
KRISTA DEMIRIS
Banking and Finance graduate
Strategic Alliances Consultant, MLC & NAB Wealth
Monash Business School 21Economics and Econometrics
Master of
Actuarial Studies
As a Master of Actuarial Studies graduate you’ll
Clayton
be ready to practice as a professional across
actuarial or risk management fields.
1.5 or 2 years
The course is designed for technical, mathematical As part of the degree, you can choose from
and scientific graduates, and professionals in a wide range of elective units, across the
Full time or the early stages of their careers. You’ll broaden fields of econometrics, actuarial practice,
part time your knowledge of key mathematical learning economics, business modelling and finance.
constructs and gain the skills and professional
The course also focuses on developing your
values to become an effective actuary.
wider business awareness skills, such as
February communication, critical thinking, actuarial
judgement and professionalism.
C Cricos code:
C
C
C
082326K
C
Course structure
The course is structured in three parts. Part A. Advanced preparatory, Part B. Mastery knowledge
and Part C. Application studies. All students complete Part B. Depending on prior qualifications,
COURSE CODE: B6014 you may receive credit for Part A or Part C or a combination of the two.
Part A. Part B. Part C.
Advanced preparatory Mastery knowledge Application studies
(24 credit points) (60 credit points) (12 credit points)
Four units: Ten units: – Applied insurance methods Two elective
– Debt markets and fixed – Actuarial practice I – Financial mathematics units
income securities – Actuarial practice II under uncertainty
– Introductory econometrics – Asset liability management – Financial econometrics
– Actuarial statistics – Macroeconomic and – Modelling in finance
– Probability and statistical monetary policy and insurance
inference for economics – Managerial economics – Insurance and pensions
and business
Entry requirements Depending on your prior Accreditation and
An Australian bachelor’s degree, qualifications and experience you professional recognition
or equivalent qualification, in may be eligible for entry credit
This program may include
a technical, mathematical or which reduces the duration.
exemptions for Parts I and
scientific discipline with a Weighted Applicants should be aware
II of subjects of the Institute
Average Mark (WAM) of 65 that the granting of exemptions
of Actuaries Australia.
per cent, or an equivalent GPA from particular units may
determined by the faculty and affect their ability to complete
must have passed an introductory the subjects required for the
statistics unit or equivalent. You’ll Actuaries Institute accreditation.
be ranked and selected based
on your entire academic record.
Eligibility Duration
(In equivalent Australian qualification terms)1 (Years)2
Bachelor’s degree in a related field3 2
Bachelor’s (Hons) degree in a related field, OR 1.5
Bachelor’s degree in any field + relevant
expertise in a related field3
1. Selection is based on previous academic achievement. For further details, see study.
monash/courses. You’ll be ranked and selected based on your entire academic record.
2. Even if you’re eligible for a shorter course duration you may elect to complete the longer duration.
3. For example, by a relevant graduate certificate or work experience.
22 Monash Business SchoolEconomics and Econometrics
Master of Applied Economics
and Econometrics
If you’re looking to develop your career in economics
Caulfield
or econometrics, this course gives you the analytical
and technical skills you need for the profession,
1, 1.5 or 2 years
as well as a solid grounding in commerce.
You can build your knowledge in one of three specialisations: Full time or
applied econometrics, applied economics and econometrics, or part time
business economics. With a comprehensive theoretical and practical
curriculum across your chosen field, you’ll develop expertise in applied Day and
economic and econometric tools. You’ll also have the opportunity evening classes
to undertake independent research in your specialisation.
February
and July
Applied Econometrics Business Economics Advance level students C
C Cricos code:
Specialisation Specialisation may choose the PhD C
087954G
pathway in economics or
This gives you the econometric You’ll gain advanced knowledge
econometrics in addition to
and statistical analysis tools of the theories explaining
the above specialisations.
required in the business, and analysing economic
Students choosing the
economics and finance sectors. policies – focusing on how COURSE CODE: B6001
pathway must consult with
You’ll develop skills in econometric individuals, households, firms
the course coordinator(s)
techniques across applied and governments interact and
from the relevant discipline
econometrics, time series how economies work, with an
during Orientation week.
analysis, financial econometrics, emphasis on economic regulation
macroeconometrics and micro- and policy. Designed for those
econometrics, and be able to who want to develop expertise
design and implement applied in applied economic tools and
econometric projects for the undertake independent research,
government and business sectors. this specialisation extends your
knowledge of economic analysis
in the global economy. It focuses
Applied Economics and on areas of business strategy,
Econometrics Specialisation competition policy, economic
You’ll gain the economics and policy, project evaluation, pricing,
econometrics skills to address and risk and regulation.
important economic policy
questions. You’ll learn how to use
economic or related theory and
econometric models for assessing
economic and public policies,
and develop the knowledge and
research experience to seek jobs
in the private, public or institutional
sector as an economist.
Monash Business School 23You can also read