Business & Economics - ANU College of Business

 
Business & Economics - ANU College of Business
Business & Economics

   2019
   P O S T G R A D U AT E
   GUIDE

ANU College of
Business &
Economics
Business & Economics - ANU College of Business
CONTENTS
Join us at ANU              4
World-class education       6
Global connections          8
The postgraduate advantage 10
Graduate outcomes          12
Employability14
Study options              17
 Accounting                                      18
 Actuarial studies and statistics                24
 Business and management                         32
 Economics                                       46
 Finance	                                        54
Graduate research                                62
Support for success                              64
How to apply                                     66

                   Photo: Australian National University | Cover photo: Australian National University   2019 Postgraduate Guide   3
Business & Economics - ANU College of Business
J O I N U S AT A N U

Australia’s
                                                                                                                                      ANU is ranked #1 in                             International outlook                       Top 25 student cities
                                                                                                                                      Australia and #24 in                           Ranked 1st in Australia and               Canberra ranks among the top
                                                                                                                                          the world1                                     10th in the world3                    25 student cities in the world4

finest
For over 70 years, The Australian National University (ANU) has worked to realise the ambitions of its visionary
                                                                                                                                   Ranked #1 in Australia for
                                                                                                                                   business and economics5
                                                                                                                                                                                More than just the capital city
                                                                                                                                                                            Home to national festivals like the National
                                                                                                                                                                             Multicultural Festival, with plenty of other
                                                                                                                                                                            community events on throughout the year
                                                                                                                                                                                                                                      Best city to visit
                                                                                                                                                                                                                            Lonely Planet ranked Canberra as the
                                                                                                                                                                                                                             World’s #3 best city to visit in 2018

founders to become Australia’s finest research institution.

We now invite you to join our community of world-leading academics, alumni and students who make us
Australia’s #1 university, and #24 in the world.1                                                                                “Well above” world standard                                                                  Home to 12 national institutions
                                                                                                                                                                                        6 Nobel Laureates
                                                                                                                               95% of ANU research is rated “above”                                                         including the Australian Parliament, the
Our mission is to provide Australia with intellectual leadership on critical issues. Our influence in global research                                                                 The highest number of all
                                                                                                                                 or “well above” world standard6                                                            High Court of Australia, and the National
                                                                                                                                                                                       Australian universities
and teaching has made us Australia’s most international university, and our dedication to our students has                                                                                                                             Library of Australia
made them Australia’s most employable graduates.2

We are committed to excellence in our education, our student cohort, and student outcomes and experience.

You are committed to better outcomes for your community, the environment, our nation and the world.                     1 QS   World University Rankings 2019
                                                                                                                        2 Global   University Employability Ranking 2017
Embrace your global citizenship in our inclusive, open and respectful community. Learn from research as it              3 Times    Higher Education World University Rankings 2018
happens, create in our state-of-the-art facilities, unlock your future and change the world.                            4 QS   Best Student Cities 2017
                                                                                                                        5 Times    Higher Education World University Rankings 2018 by subject
                                                                                                                        6 Excellence   in Research for Australia 2015

4   ANU College of Business & Economics   Photo: Australian National University                                                                                                                                                             2019 Postgraduate Guide     5
Business & Economics - ANU College of Business
W O R L D - C L A S S E D U C AT I O N
                                                                                                                                           Vinh Lu
                                                                                                                                           Associate Professor and Director of
                                                                                                                                           Employability at CBE
                                                                                                                                           Award-winning educator, responsible

Developing
                                                                                                                                           for student employability and externally
                                                                                                                                           engaged student learning. 2017 ANZMAC
                                                                                                                                           Distinguished Marketing Educator of the
                                                                                                                                           Year Award.

tomorrow’s
                                                                                                                                           Anna von Reibnitz
                                                                                                                                           Senior Lecturer and Finance Masters
                                                                                                                                           Convenor
                                                                                                                                           Award-winning educator in Finance.
                                                                                                                                           2017 Australian Awards for University

leaders
                                                                                                                                           Teaching Award for Teaching Excellence
                                                                                                                                           in Law, Economics, Business and Related
                                                                                                                                           Studies.

                                                                                                                                           Maria Racionero
                                                                                                                                           Associate Dean (Higher Degree Research)
We are proud to be part of The Australian National University (ANU), which is the nation’s finest. Our unique                              and Associate Professor
mission, as the national university, is to address major issues of national and international importance                                   Leader in Economics of Education,
through our research and teaching. We take that mission very seriously.                                                                    Public Economics, Political Economy,
Our focus, within the ANU College of Business and Economics (CBE), is on developing leaders                                                Microeconomic Theory, and Applied
who transform business, society and economies.                                                                                             Microeconomics.

Whether you are an experienced professional wanting a qualification to help advance your career, or a
recent graduate continuing on an academic pathway, a postgraduate qualification from CBE will help you
open more doors to a brilliant career.
The strength of our international reputation attracts exceptional students from Australia, the wider Asia–                                 Markus Brueckner
Pacific region and beyond. We offer every student the opportunity to develop their strengths and the space
to decide how they will make their future mark in the world.                                                                               Professor and ARC Future Fellow
Supported by a dynamic team of academic and professional staff, students are offered a full suite of                                       Leader in Economic Growth, and Political
engaging learning opportunities to increase their employability and globalise their education experience.                                  Economy.
Through their studies, our graduates gain the knowledge and skills to lead organisations, develop public
policy, create new companies and undertake research. Our alumni may be found in the world’s leading
companies, policy agencies and universities.

                                                                                                                                           Susanna Ho
                                                                                                                                           Professor
                                                                                                                                           Leader in Accounting, Business
                                                                                                                                           Information Systems, and Commerce.

                                          Photos                                              Maria Racionero: Penny Bradfield
                                          Vinh Lu: Andrew Taylor                              Markus Brueckner: Andrew Taylor
6   ANU College of Business & Economics   Anna von Reibnitz: Australian National University   Susanna Ho: Australian National University                             2019 Postgraduate Guide   7
Business & Economics - ANU College of Business
GLOBAL CONNECTIONS

    Unlock your potential. Immerse yourself in the CBE                              HIGHLIGHTS
    ecosystem, where students, academics and industry work
    together.                                                                       Global influence                                Leadership
                                                                                    Embrace your global citizenship and take your   Aspire to intellectual leadership and public policy with real

    Building a strong professional network takes time. At ANU,                      seat at the table.                              impact.

    students join a global student cohort. Your ANU qualification and               Social impact                                   Modern classroom
                                                                                    Engage in research-led education and make an    Learn with the best minds, the best students and the latest
    connections are your gateway to participation in high-quality jobs.             impact in your community.                       technology.

                                                                                    Evidence based                                  Specialisation
                                                                                    Make better decisions—make evidence-based       Unlock your passion with one of 26 program offerings.
                                                                                    decisions.

                                                                                    Entrepreneurship                                Make connections
                                                                                    Learn, grow and scale your idea through to      Access a global network of alumni.
                                                                                    success.

8     ANU College of Business & Economics   Photo: Australian National University                                                                                                       2019 Postgraduate Guide   9
Business & Economics - ANU College of Business
T H E P O S T G R A D U AT E A D VA N TA G E

 Level up
 with a postgraduate
 qualification
 Most employable graduates
 At the ANU College of Business and Economics (CBE), we take your success very seriously. The Australian National University (ANU)
 graduates are the most employable of all Australian university graduates. According to the 2017 Global University Employability
 Survey results, ANU graduates work in a wide range of industries including accounting, legal, finance and investment services, central
 government administration and consulting firms.

 The 2016 Graduate Outcomes Survey shows that the majority of graduates from CBE secure full-time employment soon after
 completing their studies, and report high job satisfaction.

 A superior, research-led education
 Through your study with CBE, you will have the opportunity to learn from some of the finest academic minds in the world. You will
 explore intricate ideas, gain skills to critically analyse and solve complex problems, and discover innovative leadership styles and new
 models of management. You will gain the knowledge, experience and skills to become a leader.

 Get connected
 Building a network that you can rely on takes more than hard work. ANU attracts exceptional and talented people from Australia, the
 wider Asia–Pacific region and the world. As an ANU student, you will have opportunities to build your professional networks, giving
 you the competitive edge when it comes to advancing your career. Many of our courses are developed in consultation with industry
 partners, to ensure that the skills and knowledge you acquire through your study can be applied to real-world situations.

10   ANU College of Business & Economics   Photo: Australian National University                                                            2019 Postgraduate Guide   11
Business & Economics - ANU College of Business
G R A D U AT E O U T C O M E S
                                                                                                                                                                        Ranked 1st                                          Average income
                                                                                                                                                                                                                            for CBE graduates with a
                                                                                                                                                                        in Australia and                                    postgraduate degree was
                                                                                                                                                                        21st in the world                                   approximately
                                                                                                                                                                        for graduate employability 1                        $86,0002

                                                                                                                                                     84%          of
                                                                                                                                                                                                       59%          of                        38% of
                                                                                                                                                     graduates reported
                                                                                                                                                                                                       CBE graduates                          CBE graduates
                                                                                                                                                     their qualification
                                                                                                                                                                                                       are employed                           are employed
                                                                                                                                                     prepared them “very
                                                                                                                                                                                                       in the private                         in the public
                                                                                                                                                     well” or “well” for
                                                                                                                                                                                                       sector 2                               sector 2
                                                                                                                                                     employment 2

                                                                                                                            Employers of CBE graduates and alumni
                                                                                                                            Accenture                                    Boston Consulting Group       Hewlett Packard                    Reserve Bank of China
                                                                                                                            Alibaba                                      Centre for International      HSBC                               Reserve Bank of Fiji
                                                                                                                                                                         Economics
                                                                                                                            Amazon                                                                     IBM                                Reserve Bank of New
                                                                                                                                                                         Chanel Taiwan Inc.                                               Zealand
                                                                                                                            American Express                                                           Indonesian Stock Exchange
                                                                                                                                                                         China Unicom                                                     Reserve Bank of Vanuatu
                                                                                                                            ANZ Bank                                                                   International Monetary Fund
                                                                                                                                                                         CITIC Bank                                                       Rio Tinto
                                                                                                                            Apple Inc.                                                                 JP Morgan Chase
                                                                                                                                                                         Commonwealth Bank                                                Standard Chartered Bank
                                                                                                                            Asian Development Bank                                                     KPMG
                                                                                                                                                                         DBS Bank                                                         Tata Asset Management
                                                                                                                            Audi                                                                       LinkedIn
                                                                                                                                                                         Dell                                                             Tencent
                                                                                                                            Australian Public Service                                                  L’Oreal
                                                                                                                                                                         Deloitte                                                         Thomson Reuters
                                                                                                                            Baidu                                                                      MediaCorp TV
                                                                                                                                                                         Deutsche Bank                                                    Toshiba
                                                                                                                            Baker Tilly International                                                  Mercedes-Benz
                                                                                                                                                                         Dixon Advisory                                                   TripAdvisor
                                                                                                                            Bank Indonesia                                                             National Australia Bank (NAB)
                                                                                                                                                                         EY                                                               UN Women Australia
                                                                                                                            Bank of China                                                              Panasonic
                                                                                                                                                                         Fairfax Media Limited                                            Unilever
                                                                                                                            Bank of Mongolia                                                           Philips
                                                                                                                                                                         Flight Centre                                                    United Nations
                                                                                                                            Bentleys NSW                                                               Procter & Gamble
                                                                                                                                                                         Goldman Sachs                                                    Westpac Banking Corporation
                                                                                                                            BMW Australia                                                              PwC
                                                                                                                                                                         Google Inc.
                                                                                                                            BNP Paribas                                                                Reserve Bank of Australia

                                                                                                                            Top five industries in which                                               Top 10 occupations for CBE
                                                                                                                            CBE alumni work 3                                                          alumni 3
                                                                                                                                »»   Accounting services                                                »»   Accountant
                                                                                                                                »»   Banking                                                            »»   Analyst/finance analyst/financial planner
                                                                                                                                »»   Central government administration                                  »»   CEO
                                             Developed in collaboration with industry experts, MomentuM is CBE’s                »»   Management advice and related consulting services                  »»   CFO
                                             flagship professional development program.                                         »»   State government administration                                    »»   Consultant
                                             MomentuM develops employability and soft skills, essential for job market                                                                                  »»   Director
                                             readiness.                                                                                                                                                 »»   Economist
                                                                                                                                                                                                        »»   Manager
                                             Get mentored by professionals who will share first-hand insights into how to
                                                                                                                                                                                                        »»   Partner
                                             thrive in today’s business world, giving you the competitive edge.             1
                                                                                                                                Global University Employability Ranking 2017
                                                                                                                            2
                                                                                                                                2016 Graduate Outcomes Survey: ANU College of Business and Economics
                                                                                                                                                                                                        »»   President/vice president
                                             cbe.anu.edu.au/study/momentum
                                                                                                                            3
                                                                                                                                2017 data from ANU Alumni database

12   ANU College of Business & Economics   Photo: Holly Treadaway                                                                                                                                                                              2019 Postgraduate Guide   13
Business & Economics - ANU College of Business
E M P L O YA B I L I T Y
                                                                                                                                     CBE student journey

Real-world
skills                                                                                                                                  We prepare you from day one
                                                                                                                                        ANU offers a range of services to ensure our
                                                                                                                                        students succeed at university.

Across the world, demand for business and economic                                                                                      »» Academic workshops
                                                                                                                                        »» Program advice sessions

graduates is escalating in industry, business and                                                                                       »» Student networking events
                                                                                                                                        »» Set4ANU orientation program
government.                                                                                                                             »» Student clubs and societies
                                                                                                                                                                                                            Real-life skills
                                                                                                                                                                                                            Our programs offer real-world experience through
                                                                                                                                        anu.edu.au/study/student-experience
                                                                                                                                                                                                            innovative course design, and award-winning

Studying at CBE will provide you with skills and attributes that                                                                                                                                            internship and professional development programs.
                                                                                                                                                                                                             »» CBE Internship Program
will remain relevant and keep you competitive in the evolving job                                                                                                                                            »» Australian National Internships Program
                                                                                                                                                                                                             »» MomentuM
market.

                                              Take an internship with the award-winning CBE Internship Program.
                                              The internship program gives students an opportunity to undertake
                                              an internship in either semester 1 or semester 2 as an elective for
     CBE                 I N T ER N S H I P
                         PR O G R A M
                                              course credit. Each internship is project-based with deliverables
                                              set out in an agreement between the intern, workplace supervisor
                                              and academic supervisor.
                                                                                                                                       Job ready
                                              cbe.anu.edu.au/study/internship
                                                                                                                                       Embrace opportunities to expand your professional
                                                                                                                                       skills and become job ready.
                                                                                                                                        »» Industry networking events
Examples of CBE Internship Program host organisations                                                                                   »» Career fairs
                                                                                                                                                                                                            Community of business leaders
                                                                                                                                        »» Recruiter in Residence
                                                                                                                                        »» Career consultations                                             Our graduates are lifelong members of our alumni
Australia China Business Council –             Canberra Business Chamber                 Optus                                                                                                              community stretching across the globe.
ACT Branch                                                                                                                              »» Job listings
                                               Conservation Council ACT                  Pharmacy Guild of Australia                                                                                        »» We have over 22,000 alumni
Australian Chamber of Commerce &               Cushman & Wakefield                       PwC                                                                                                                »» Our alumni work and live in 90+ countries
Industry
                                                                                                                                                                                                            »» Our graduates are ranked as most employable in
                                               Embassy of Mexico                         Royal Australian Mint
Australian Institute of Health and                                                                                                                                                                             Australia*
Welfare                                        Innovate Canberra                         Transport Canberra
                                                                                                                                                                                                            * Global University Employability Ranking 2017
Australian Research Alliance for               Invest Canberra                           UnitingCare Australia
Children and Youth                             National Australia Bank                   Note: Internship hosts can change each
                                                                                         intake based on business requirements and
BAE Systems                                    National Disability Insurance Agency      availability of internship projects.                                                                               anu.edu.au/students

                                                                                                                                     Photo 1: Australian National University | Photo 2: Holly Treadaway |
14   ANU College of Business & Economics                                                                                             Photo 3: Holly Treadaway | Photo 4: Australian National University                                        2019 Postgraduate Guide   15
Business & Economics - ANU College of Business
Study
                                                                                 options
                                                                                 Postgraduate program offerings
                                                                                  Program                              Program code         CRICOS           Duration         Annual domestic        Annual international    Commences         Page
                                                                                                                                             code           (full-time)           fee ($A)                fee ($A)                            number
                                                                                  Master of Accounting                  7414XMACCT          050800J           2 years              33,888                   45,168              S1 & S2         20
                                                                                  Master of Professional Accounting     7413XMPACC          050799G          1.5 years             33,888                   45,168              S1 & S2         21
                                                                                  Master of Commerce (Advanced)            VCOMM            093294M           2 years              33,888                   45,168              S1 & S2         22
                                                                                  Graduate Certificate of Accounting    6459XGCACC          052700G          0.5 years             16,944                   22,584              S1 & S2         23
                                                                                  Master of Actuarial Practice          7420XMACTP          079658E          2.5 years             33,888                   45,168              S1 & S2         28
                                                                                  Master of Actuarial Studies           7410XMACTS          050802G           2 years              33,888                   45,168              S1 only         29
                                                                                  Master of Statistics                     MSTAT            082353G           2 years              33,888                   42,960              S1 & S2         30
                                                                                  Graduate Certificate of Finance           CFAS            082257G          0.5 years             16,944                   22,584              S1 & S2         31
                                                                                  and Actuarial Statistics
                                                                                  Master of Business Administration        MBADM            091188G          1.5 years             33,888                   45,168              S1 only         36
                                                                                  Master of Business Information           MBINS            050796M           2 years              33,888                   45,168              S1 & S2         37
                                                                                  Systems
                                                                                  Master of Entrepreneurship and           MEINV            091185K           2 years              33,888                   45,168              S1 & S2         38
                                                                                  Innovation
                                                                                  Master of International                  MIMGT            088059J           2 years              33,888                   45,168              S1 & S2         39
                                                                                  Management
                                                                                  Master of Leadership                     MLEAD            091186J           2 years              33,888                   45,168              S1 & S2         40
                                                                                  Master of Marketing Management           MMKMT            091184M           2 years              33,888                   45,168              S1 & S2         41
                                                                                  Master of Project Management             MPROM            082344G           2 years              33,888                   45,168              S1 & S2         42
                                                                                  Graduate Certificate of                  GCMGT            030000G          0.5 years             16,944                   22,584              S1 & S2         43
                                                                                  Management
                                                                                  Master of Applied Economics              MAPEC            082269C           2 years              33,888                   45,168              S1 & S2         50
                                                                                  Master of Economic Policy                MECPO            082289K           2 years              33,888                   45,168              S1 & S2         51
                                                                                  Master of Economics                      MECON            082290F           2 years              33,888                   45,168              S1 & S2         52
                                                                                  Graduate Certificate of Economics        CECON            082256G          0.5 years             16,944                   22,584              S1 & S2         53
                                                                                  Graduate Diploma of Economics            DECON            082263J           1 year               33,888                   45,168              S1 & S2         53
                                                                                  Master of Applied Finance             7421XMAPFN          079659D          1.5 years             33,888                   45,168              S1 & S2         58
                                                                                  Master of Finance                      7418XMFIN          039762C           2 years              33,888                   45,168              S1 & S2         59
                                                                                  Master of Financial Economics            MFIEC            086226D           2 years              33,888                   45,168              S1 only         60
                                                                                  Master of Financial Management           MFINM            029316G           1 year               33,888                   45,168              S1 & S2         61

                                                                                 Note
                                                                                 The majority of graduate courses are worth six units. However, some research courses, for example the master’s subthesis options in the Master of Commerce (Advanced),
                                                                                 are worth more: either 12, 18 or 24 units. Courses with a unit value other than six are indicated in this guide.

16   ANU College of Business & Economics   R 1: Australian National University                                                                                                                                          2019 Postgraduate Guide      17
Business & Economics - ANU College of Business
Overview
                                                                                    Accounting
                                                                                    Students wishing to study accounting at the master degree level have three options. The Master of Professional Accounting,
                                                                                    completed in one and a half years of full-time study, is for students who wish to achieve the education entry requirements of the
                                                                                    Australian professional accounting bodies. This program is not suitable for students who already meet the entry requirements of
                                                                                    the Australian professional accounting bodies.
                                                                                    The two-year Master of Accounting provides a route for students without prior study in accounting to achieve the education

     Accounting
                                                                                    entry requirements of the Australian professional accounting bodies. For students with prior accounting studies, this program
                                                                                    allows them to undertake advanced accounting courses.
                                                                                    Both the Master of Accounting and the Master of Professional Accounting are accredited by CPA Australia and Chartered
                                                                                    Accountants Australia and New Zealand.
                                                                                    The Master of Commerce (Advanced) is for students who are interested in undertaking research in accounting.

                                                                                    Introductory program in accounting
                                                                                    For students wanting an introduction to accounting without committing to a master program, we offer the 24-unit Graduate
                                                                                    Certificate of Accounting (usually completed in one semester of full-time study). This program also provides options for students
                                                                                    who may need additional courses to achieve the education entry requirements of the Australian professional accounting bodies.

                                                                                    Information for overseas-trained accountants
     With continuing high global demand for qualified accountants, our accounting   Applicants with accounting qualifications from countries outside Australia can achieve the education entry requirements of the
     programs provide graduates with a wide range of career opportunities in        Australian professional accounting bodies through one of our graduate accounting programs.
                                                                                    Students intending to apply should first have an assessment of their qualifications undertaken by either CPA Australia or
     accounting firms, government departments, banking and finance organisations,   Chartered Accountants Australia and New Zealand, and include the assessment with their application.
     corporations and other related accounting fields.
                                                                                    Entry requirements
                                                                                    For entry into the Master of Accounting and Master of Professional Accounting, applicants must have an Australian bachelor
                                                                                    degree with a minimum grade point average (GPA) of 5.0/7, or the international equivalent.
                                                                                    For the Master of Professional Accounting, applicants must also have completed undergraduate subjects in at least one
     Our programs                                                                   cognate discipline (see below).
                                                                                    For entry into the Graduate Certificate of Accounting, applicants must have an Australian bachelor degree with a minimum GPA
     >>   Master of Accounting
                                                                                    of 4.5/7, or the international equivalent.
     >>   Master of Professional Accounting                                         For entry into the Master of Commerce (Advanced), applicants must have an Australian bachelor degree with a minimum GPA
     >>   Master of Commerce (Advanced)                                             of 6.0/7, or the international equivalent.
                                                                                    Students are assumed to have an understanding of mathematics, including calculus and algebra. Those without the assumed
     >>   Graduate Certificate of Accounting                                        knowledge are advised to undertake a mathematics bridging program.
                                                                                    All students must also satisfy the university’s English language admission requirements—see page 67.

                                                                                    Cognate disciplines
                                                                                    Accounting, Actuarial Studies, Business, Business Information Systems, Computer Science, Economics, Finance, International
                                                                                    Business, Mathematics, Management, Marketing, Statistics.

     Professional
     accreditation

18    ANU College of Business & Economics                                                                                                                                                    2019 Postgraduate Guide    19
MASTER OF ACCOUNTING                                                                                                                                               MASTER OF PROFESSIONAL ACCOUNTING

Program code: 7414XMACCT CRICOS code: 050800J                     Commencement: Semester 1 (Feb) or Semester 2 (Jul)                                               Program code: 7413XMPACC CRICOS code: 050799G Commencement: Semester 1 (Feb) or Semester 2 (Jul)
Duration: Two years full-time, four years part-time                                                                                                                Duration: One and a half years full-time, three years part-time

     KEY LEARNING OUTCOMES                                                           T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                      KEY LEARNING OUTCOMES                                                  T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

>> Integrate contemporary and advanced theoretical and technical                   Including courses that satisfy the requirements of CPA Australia and            >> Integrate advanced theoretical and technical accounting knowledge   Including courses that satisfy the requirements of CPA Australia and
   accounting knowledge in a business context.                                     Chartered Accountants Australia and New Zealand                                    in a business context, including an understanding of developments   Chartered Accountants Australia and New Zealand
                                                                                                                                                                      in accounting and accounting research.
>> Understand and synthesise a broad range of accounting issues
   through the lens of accounting and business research.                                                                                                                                                                                   Year   Semester 1                         Semester 2
                                                                                    Year    Semester 1                         Semester 2                          >> Exercise judgement under minimal supervision to analyse and
>> Exercise judgement under minimal supervision to analyse and                      1       Financial Statements & Reporting   Management Accounting & Cost           provide possible solutions to emerging and advanced accounting       1      Financial Statements & Reporting   Business Association Law
   provide possible solutions to emerging and advanced accounting                                                              Analysis                               problems in complex contexts.                                               Introductory Statistics for        Management Accounting & Cost
                                                                                            Commercial Law
   problems in complex contexts using, where appropriate, social,                                                                                                                                                                                 Business & Finance                 Analysis
                                                                                            Introductory Statistics for        Corporate Accounting                >> Critically apply advanced theoretical and technical accounting
   ethical, economic, regulatory, sustainability, governance and/or                         Business & Finance                 Business Economics                     knowledge and skills to evaluate complex accounting problems in             Applied Foundations of Finance     Corporate Accounting
   global perspectives.                                                                                                                                               professional and research contexts.                                         Commercial Law                     Business Economics
                                                                                            Applied Foundations of Finance     Business Association Law
>> Critically apply advanced theoretical and technical accounting
                                                                                    2       Contemporary Issues in             Accounting Information Systems      >> Justify and communicate accounting advice and ideas to both          2      Contemporary Issues in
   knowledge and skills to evaluate a range of emerging and advanced                                                                                                                                                                              Accounting
                                                                                            Accounting                                                                specialists and non-specialists.
   accounting problems in professional and research contexts.                                                                  Auditing & Assurance Services
                                                                                            Corporate Financial Reporting                                                                                                                         Accounting Information Systems
>> Justify and communicate accounting advice and ideas to both                                                                 Taxation Law
                                                                                            Financial Statement Analysis                                                                                                                          Taxation Law
   specialists and non-specialists.                                                                                            Sustainability & Corporate Social
                                                                                                                                                                                                                                                  Auditing & Assurance Services
                                                                                            Corporate Governance or Public     Responsibility, Accountability &
                                                                                            Sector Accounting & Reporting      Reporting

     STRUCTURE                                                                                                                                                      STRUCTURE
The program consists of 96 units, comprising:                                        >> Accounting Analytics
                                                                                                                                                                   The standard program consists of 72 compulsory units.                    >> Introductory Statistics for Business and Finance
                                                                                     >> Commercial Law
24 units of compulsory courses:                                                                                                                                    >> Financial Statements and Reporting                                    >> Applied Foundations of Finance
                                                                                     >> Accounting Information Systems
                                                                                                                                                                   >> Management Accounting and Cost Analysis                               >> Business Economics
>> Business Economics
                                                                                     A minimum of 24 units from the following list:                                >> Corporate Accounting                                                  >> Accounting Information Systems
>> Financial Statements and Reporting
                                                                                                                                                                   >> Contemporary Issues in Accounting                                     >> Auditing and Assurance Services
>> Applied Foundations of Finance                                                    >> Contemporary Issues in Accounting
                                                                                                                                                                   >> Commercial Law                                                        >> Taxation Law
>> Introductory Statistics for Business and Finance                                  >> Taxation Law
                                                                                     >> Corporate Financial Reporting                                              >> Business Association Law
A minimum of 36 units from the following list:
                                                                                     >> Auditing and Assurance Services
>> Public Sector Accounting and Reporting                                            >> Business Association Law
>> Sustainability and Corporate Social Responsibility, Accountability
   and Reporting                                                                     A maximum of 12 units from the following list:
>> Management Accounting and Cost Analysis                                           >> Analysis of Financial Reporting
>> Financial Statement Analysis                                                      >> Commerce Research Report
>> Corporate Governance
>> Corporate Accounting

                                                                                                                                                                                                                                                                     I       I
                                                                                                                                                                                                                                                                            I enjoyed everything
                                                                                                                                                                                                                                                                 I       I  about ANU—the flexible
                                                                                                                                                                                                                                                                            timetable, the lecturers, the
                                                                                                                                                                                                                                                                            opportunities to make new
                                                                                                                                                                                                                                                               friends. It gave me the future career
                                                                                                                                                                                                                                                               that I wanted. My advice to students is
                                                                                                                                                                                                                                                               to spend time finding out what you’re
                                                                                                                                                                                                                                                               good at. Understand how you learn
                                                                                                                                                                                                                                                               best, and use that in your study.

                                                                                                                                                                                                                                                               Harry Hoang
                                                                                                                                                                                                                                                               Master of Professional Accounting
                                                                                                                                                                                                                                                               Executive of the Year,
                                                                                                                                                                                                                                                               Australian Accounting Awards 2018

20    ANU College of Business & Economics        Photo 1: Australian National University | L 2: supplied                                                                                                                                                                                  2019 Postgraduate Guide   21
M A S T E R O F C O M M E R C E ( A D VA N C E D )                                                                                                           G R A D U AT E C E R T I F I C AT E O F A C C O U N T I N G

Program code: VCOMM CRICOS code: 093294M                  Commencement: Semester 1 (Feb) or Semester 2 (Jul)                                                 Program code: 6459XGCACC CRICOS code: 052700G                  Commencement: Semester 1 (Feb) or Semester 2 (Jul)
Duration: Two years full-time, four years part-time                                                                                                          Duration: Six months full-time, one year part-time

     KEY LEARNING OUTCOMES                                                      T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                     KEY LEARNING OUTCOMES                                                        T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

>> Integrate advanced theoretical and technical accounting knowledge                                                                                         >> Demonstrate accounting knowledge in a business context and
   in a business context, including issues in accounting research and          Year   Semester 1                         Semester 2                             understanding of recent developments in accounting.                       Year   Semester 1
   research methods in accounting.                                             1      Financial Statements & Reporting   Management Accounting & Cost        >> Exercise judgement under minimal supervision to analyse and               1      Financial Statements & Reporting
>> Exercise independent judgement to analyse and provide possible                     Commercial Law                     Analysis                               provide possible solutions to varied accounting problems.                        Applied Foundations of Finance
   solutions to emerging and advanced accounting problems in                          Business Economics                 Business Association Law                                                                                                Introductory Statistics for
   complex contexts using, where appropriate, social, ethical,                                                                                               >> Critically apply accounting knowledge and skills to evaluate a range             Business & Finance
                                                                                      Introductory Statistics for        Corporate Accounting                   of accounting problems in a professional context.
   economic, regulatory, sustainability, governance and/or global                     Business & Finance                                                                                                                                         Commercial Law
                                                                                                                         Contemporary Issues in Accounting
   perspectives.                                                                                                                                             >> Communicate accounting ideas to both specialists and non-
>> Critically apply advanced theoretical and technical accounting              2      Seminar in Research Method in      Master’s subthesis (18 units)          specialists.
                                                                                      Commerce
   knowledge and research-based skills to evaluate emerging and                                                          Special Topics in Commerce
   advanced accounting problems, and to conduct a research-based                      Analysis of Financial Reporting
   project.                                                                           Econometrics 1: Econometric
                                                                                      Methods
>> Justify and communicate accounting ideas and theoretical issues to                                                                                         STRUCTURE
   both specialists and non-specialists.                                              Master’s subthesis (6 units)

                                                                                                                                                             The program consists of 24 units to be chosen from the following list:       >> Corporate Financial Reporting
                                                                                                                                                             >> Financial Statements and Reporting                                        >> Corporate Accounting
                                                                                                                                                             >> Contemporary Issues in Accounting                                         >> Accounting Analytics
     STRUCTURE                                                                                                                                               >> Public Sector Accounting and Reporting                                    >> Commercial Law
                                                                                                                                                             >> Sustainability and Corporate Responsibility, Accountability and           >> Auditing and Assurance Services
The program consists of 96 units, comprising:                                   >> Financial Statement Analysis                                                 Reporting                                                                 >> Business Association Law
                                                                                >> Corporate Financial Reporting                                             >> Taxation Law
66 units from the following list:                                                                                                                                                                                                         >> Applied Foundations of Finance
                                                                                >> Accounting Analytics                                                      >> Management Accounting and Cost Analysis
>> Contemporary Issues in Accounting                                                                                                                                                                                                      >> Business Economics
                                                                                >> Auditing and Assurance Services                                           >> Financial Statement Analysis
>> Financial Statements and Reporting                                                                                                                                                                                                     >> Introductory Statistics for Business and Finance
                                                                                >> Business Association Law                                                  >> Corporate Governance
>> Corporate Accounting
                                                                                >> Business Economics
>> Commercial Law
>> Analysis of Financial Reporting                                              6 units from completion of either:
>> Seminar in Research Method in Commerce                                       >> Econometrics 1: Econometric Methods or                                     P R O F E S S I O N A L A C C R E D I TAT I O N S
>> Master’s subthesis (Commerce) (24 units)                                     >> Regression Modelling
                                                                                                                                                             To meet the education requirements for associate membership with             >> Business Association Law
>> Introductory Statistics for Business and Finance
                                                                                6 units from the following list:                                             both CPA Australia and Chartered Accountants Australia and New               >> Corporate Accounting
                                                                                                                                                             Zealand, and for entry into the Chartered Accountants Australia and
18 units from the following list:                                               >> Advanced Managerial Decision Making                                                                                                                    >> Commercial Law
                                                                                                                                                             New Zealand CA program, a student must hold one of the following
>> Public Sector Accounting and Reporting                                       >> Special Topics in Commerce                                                ANU degrees:                                                                 >> Contemporary Issues in Accounting
>> Sustainability and Corporate Social Responsibility, Accountability           >> Taxation Concepts and Issues                                                                                                                           >> Applied Foundations of Finance
                                                                                                                                                             >> Master of Accounting
   and Reporting                                                                >> Corporate Governance: Research Preparation
                                                                                                                                                             >> Master of Professional Accounting                                         >> Introductory Statistics for Business and Finance
>> Taxation Law                                                                 >> Advanced Auditing and Assurance Services                                                                                                               >> Business Economics
>> Management Accounting and Cost Analysis                                                                                                                   with passes in:
                                                                                                                                                                                                                                          >> Taxation Law
                                                                                                                                                             >> Financial Statements and Reporting                                        >> Auditing and Assurance Services*
                                                                                                                                                             >> Accounting Information Systems
                                                                                                                                                                                                                                          * Students have the option of completing Auditing and Assurance
                                                                                                                                                             >> Management Accounting and Cost Analysis                                   Services at university OR in the CPA Program.
     P R O G R E S S I O N S TA N D A R D

Students must pass and achieve a minimum 70% weighted average mark in the first 48 units attempted to remain enrolled in the Master of Commerce
(Advanced).
If the total number of units attempted exceeds 48 in the same teaching period in which the 48th unit is attempted, exactly 48 units will be used in
the calculation of the weighted average mark with units from the course with the highest mark applied first followed by further units from course in
descending order of marks.
Students who do not achieve a minimum of 70% weighted average mark will be transferred to the Master of Accounting or Master of Professional
Accounting program.

22      ANU College of Business & Economics                                                                                                                                                                                                                                         2019 Postgraduate Guide   23
Overview
     Actuarial                                                                               Actuarial studies
                                                                                             The Master of Actuarial Studies and Master of Actuarial Practice both enable students to undertake courses that cover some of
                                                                                             the education requirements of the Actuaries Institute.

     studies and
                                                                                             Both programs also present the opportunity for students with prior study in the discipline to extend their knowledge to an
                                                                                             advanced academic level. Please see
                                                                                             cbe.anu.edu.au/about/professional-organisations-accreditation/actuaries-institute-australia for information about the
                                                                                             ANU accreditation agreement with the Actuaries Institute.

                                                                                             Statistics
                                                                                             For students seeking a career in statistics, or who are already working in the field and wish to enhance their professional

     statistics
                                                                                             expertise, the Master of Statistics provides a sequence of courses covering basic statistical skills combined with more
                                                                                             advanced study in areas such as statistical learning, big data statistics, graphical data analysis, generalised linear modelling and
                                                                                             biostatistics.

                                                                                             Introductory program in actuarial studies and statistics
                                                                                             The Graduate Certificate of Finance and Actuarial Statistics provides a sequence of foundation courses in one of four areas:
                                                                                             Actuarial Statistics, Actuarial Studies, Statistics or Finance. This program is built around a 24-unit (four-course) specialisation—
                                                                                             see page 31.

                                                                                             Entry requirements
     The closely aligned disciplines of actuarial studies and statistics present excellent   Entry into the Graduate Certificate of Finance and Actuarial Statistics requires students to have completed an Australian
                                                                                             bachelor degree with a minimum grade point average (GPA) of 4.5/7, or the international equivalent. All other programs require
     opportunities for careers in a wide range of workplaces. Qualified actuaries and        a minimum GPA of 5.0/7.
     statisticians are in high demand around the world and can command high salaries.        For direct entry into the Master of Actuarial Practice, Master of Actuarial Studies, and Master of Statistics, students must have
                                                                                             completed at least one course at bachelor level in the field of mathematics covering calculus and linear algebra, in addition to
                                                                                             meeting the average grade requirements.
     Graduate study in actuarial studies and statistics provides options both for those      Students who do not have this mathematics knowledge can enrol in the Graduate Certificate of Finance and Actuarial Statistics
     with prior study in the disciplines and those seeking to move into a new field.         and select Mathematical Foundations for Actuarial Studies as one of their courses in either the Actuarial Statistics or Statistics
                                                                                             specialisations.
                                                                                             All students must also satisfy the university’s English language admission requirements—see page 67.

                                                                                             Credit and articulation arrangements
     Our programs                                                                            Applicants with a bachelor degree in a cognate discipline, or with the relevant graduate certificate, may be eligible for 24 units
                                                                                             (one semester full-time) of credit. Applicants with an honours degree in a cognate discipline, or with the relevant graduate
     >>   Master of Actuarial Practice                                                       diploma, may be eligible for 48 units (one year full-time) of credit.
     >>   Master of Actuarial Studies                                                        Cognate disciplines
     >>   Master of Statistics                                                               Finance, Accounting, Business, Economics, Statistics, Actuarial Studies, Mathematics, Business Information Systems,
                                                                                             Management, International Business, Engineering, Physics, Science.
     >>   Graduate Certificate of Finance and
          Actuarial Statistics

     Professional
     accreditation                                               gstat
                                                                     Graduate Statistician

24    ANU College of Business & Economics                                                                                                                                                                 2019 Postgraduate Guide   25
I chose to pursue a Master of Actuarial Studies to
                                 further my ambition of becoming a qualified actuary,
                                 and have found that the skills developed through my
                     studies have been applicable in the workplace. It has enabled me
                     to apply quantitative modelling and analysis to inform decision-
                     making and solve a range of business problems for government
                     departments and businesses.

                     Shonal Dutt
                     Master of Actuarial Studies
                     Actuarial Consultant, EY

26   ANU College of Business & Economics   Photo 1: Australian National University      2019 Postgraduate Guide   27
MASTER OF ACTUARIAL PRACTICE                                                                                                                                           MASTER OF ACTUARIAL STUDIES

Program code: 7420XMACTP CRICOS code: 079658E Commencement: Semester 1 (Feb) or Semester 2 (Jul)                                                                       Program code: 7410XMACTS CRICOS code: 050802G                     Commencement: Semester 1 (Feb) only
Duration: Two and a half years full-time, five years part-time                                                                                                         Duration: Two years full-time, four years part-time

The program information below is current for students commencing in 2018. The ANU Master of Actuarial Practice is being                                                The program information below is current for students commencing in 2018. The ANU Master of Actuarial Studies is being
redeveloped for 2019 because of changes to the Actuaries Institute education program. Please see the programs and courses                                              redeveloped for 2019 because of changes to the Actuaries Institute education program. Please see the programs and courses
website for the most recent information about the Master of Actuarial Practice. Please refer to the Actuaries Institute website for                                    website for the most recent information about the Master of Actuarial Studies. Please refer to the Actuaries Institute website for
information about the requirements to become an Associate or Fellow of the Actuaries Institute. Note that the new Associateship                                        information about the requirements to become an Associate or Fellow of the Actuaries Institute. Note that the new Associateship
requirements include taking certain courses directly with the Actuaries Institute.                                                                                     requirements include taking certain courses directly with the Actuaries Institute.

     KEY LEARNING OUTCOMES                                                            T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                          KEY LEARNING OUTCOMES                                                             T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

Graduates of this program will:                                                                                                                                        Graduates of this program will be able to:
                                                                                     Year   Semester 1                          Semester 2                                                                                                                Year   Semester 1                         Semester 2
>>     possess the necessary cognitive skills to demonstrate a superior                                                                                                >>   demonstrate a superior understanding of the key concepts in
       understanding of the key concepts in actuarial studies and related            1      Principles of Mathematical          Actuarial Techniques                        actuarial studies and techniques                                              1      Principles of Mathematical         Actuarial Techniques
                                                                                            Statistics                          Applied Corporate Finance                                                                                                        Statistics                         Elective
       fields                                                                                                                                                          >>   demonstrate high levels of cognitive and technical skill in analysing
                                                                                            Financial Mathematics                                                                                                                                                Financial Mathematics
>>     be able to demonstrate high levels of cognitive and technical skill in                                                   Introduction to Stochastic Processes        specific business situations to apply the correct actuarial techniques                                                  Introduction to Stochastic Processes
                                                                                            Applied Foundations of Finance                                                                                                                                       Elective
       analysing and interpreting specific business situations so that the                                                      Life Contingencies                                                                                                                                                  Life Contingencies
                                                                                            Financial Statements & Reporting                                           >>   demonstrate the cognitive and technical skills, and the critical                     Elective
       correct actuarial techniques can be applied                                                                                                                          thinking, to solve specific actuarial problems
                                                                                     2      Actuarial Control Cycle 1           Actuarial Control Cycle 2                                                                                                 2      Actuarial Control Cycle 1          Actuarial Control Cycle 2
>>     be able to demonstrate high levels of cognitive and technical skills                                                                                            >>   communicate concisely, accurately and confidently in a number of
                                                                                            Risk Theory                         Investment & Asset Modelling                                                                                                     Risk Theory                        Investment & Asset Modelling
       as well as critical thinking to solve specific actuarial problems                                                                                                    different mediums, including written and oral
                                                                                            Applied Derivatives                 Credibility Theory                                                                                                               Survival Models                    Credibility Theory
>>     have strong communication skills, being able to demonstrate the                                                          Advanced course                        >>   have strong technical research skills to justify and interpret actuarial                                                Advanced course
                                                                                            Advanced course                                                                                                                                                      Advanced course
       ability to communicate concisely, accurately and confidently in a                                                                                                    research planning, methodology and implementation.
       number of different mediums, including written and oral                       3      Business Economics
                                                                                            Survival Models
>>     have strong technical research skills to justify and interpret actuarial
       research planning, methodology and implementation.                                   Applied Investments
                                                                                            Continuous Time Finance
                                                                                                                                                                         STRUCTURE

                                                                                                                                                                       The program consists of 96 units,                       >>   Actuarial Control Cycle 1                            >>   Actuarial Studies
     STRUCTURE                                                                                                                                                         comprising:                                             >>   Actuarial Control Cycle 2                            >>   Business
                                                                                                                                                                       Core courses                                            Plus 12 units from the following list:                    >>   Economic History
The program consists of 120 units,                        >>   Credibility Theory                                   Elective courses                                                                                                                                                     >>   Economics
comprising:                                               >>   Investment and Asset Modelling                                                                          66 units of compulsory courses:                         >>   Advanced Insurance
                                                                                                                    42 units from the following list:                                                                                                                                    >>   Econometrics
Core courses                                              >>   Actuarial Control Cycle 1                                                                               >>   Principles of Mathematical Statistics              >>   Enterprise Risk Management 1
                                                                                                                    >>   Financial Statements and Reporting                                                                                                                              >>   Financial Management
66 units of compulsory courses:                           >>   Actuarial Control Cycle 2                                                                               >>   Life Contingencies                                 >>   Enterprise Risk Management 2
                                                                                                                    >>   Business Economics                                                                                                                                              >>   Management
>>     Principles of Mathematical Statistics                                                                                                                           >>   Actuarial Techniques                               >>   Advanced Investments
                                                          Plus 12 units from the following list:                                                                                                                                                                                         >>   Marketing
                                                                                                                    >>   Continuous Time Finance                       >>   Financial Mathematics
>>     Life Contingencies
                                                          >>   Advanced Insurance                                   >>   Applied Foundations of Finance                                                                        Elective courses                                          >>   International Business
>>     Actuarial Techniques                                                                                                                                            >>   Introduction to Stochastic Processes
                                                          >>   Enterprise Risk Management 1                         >>   Applied Corporate Finance                                                                             18 units to be taken from level 6000, 7000                >>   Statistics
>>     Financial Mathematics                                                                                                                                           >>   Survival Models
                                                          >>   Enterprise Risk Management 2                         >>   Applied Investments                                                                                   or 8000 courses from the ANU College of
>>     Introduction to Stochastic Processes                                                                                                                            >>   Risk Theory                                        Business and Economics, in the following
                                                          >>   Advanced Investments                                 >>   Applied Derivatives
>>     Survival Models                                                                                                                                                 >>   Credibility Theory                                 subject areas:
                                                                                                                    >>   Research essay in Actuarial Studies (6        >>   Investment and Asset Modelling
>>     Risk Theory
                                                                                                                         or 12 units)

     P R O G R E S S I O N S TA N D A R D                                                                                                                                P R O G R E S S I O N S TA N D A R D

                                                                                                                                                                       Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted in order to remain enrolled in the Master
Students must achieve a minimum 60% weighted average mark in the first 48 units of courses attempted in order to remain enrolled in the Master
                                                                                                                                                                       of Actuarial Studies. Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate
of Actuarial Practice. Students who do not achieve a minimum of 60% weighted average mark in the first 48 units will be transferred to the Graduate
                                                                                                                                                                       Diploma in Business.
Diploma in Business. If the total number of units attempted exceeds 48 in the same teaching period in which the 48th unit is attempted, exactly 48
units will be used in the calculation of the weighted average mark with units from the course with the highest mark applied first followed by further units
from courses in descending order of marks.

28      ANU College of Business & Economics                                                                                                                                                                                                                                                                2019 Postgraduate Guide     29
G R A D U AT E C E R T I F I C AT E O F F I N A N C E
M A S T E R O F S TAT I S T I C S                                                                                                                                        A N D A C T U A R I A L S TAT I S T I C S

Program code: MSTAT CRICOS code: 082353G                      Commencement: Semester 1 (Feb) or Semester 2 (Jul)                                                         Program code: CFAS CRICOS code: 082257G                    Commencement: Semester 1 (Feb) or Semester 2 (Jul)
Duration: Two years full-time, four years part-time                                                                                                                      Duration: Six months full-time, one year part-time

     KEY LEARNING OUTCOMES                                                             T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                           KEY LEARNING OUTCOMES                                                                                   STRUCTURE

Graduates of the Master of Statistics will be able to:                                                                                                                   Graduates of the Graduate Certificate of Finance and Actuarial Statistics will be able to:              Students must select one of the following 24-
                                                                                      Year   Semester 1                           Semester 2                                                                                                                                     unit (four-course) specialisations:
>>    demonstrate statistical computing skills for use in quantitative and                                                                                               >>   recognise the important role of financial, actuarial and statistical principles and their
      data-based problem-solving                                                      1      Econometric Methods &                Generalised Linear Models                   application                                                                                        >>   Actuarial Statistics*
                                                                                             Modelling                            Applied Statistics
>>    understand and be able to apply the processes and applications of                      Principles of Mathematical
                                                                                                                                                                         >>   demonstrate the necessary analytical skills for interpreting and analysing financial, actuarial    >>   Actuarial Studies*
                                                                                                                                  Graphical Data Analysis
      multiple linear regression, survey design, mathematical statistics,                    Statistics                                                                       and statistical information                                                                        >>   Finance*
      stochastic modelling, generalised linear modelling techniques, the                                                          Introduction to Stochastic Processes
                                                                                             Regression Modelling                                                        >>   demonstrate well-developed insight into Australian and international financial markets.            >>   Statistics*
      principles of data representation, summarisation and presentation,                     Fundamentals of Econometric                                                 >>   justify and communicate the necessary management skills for dealing with organisations,
      multivariate statistical techniques, and the role and notion of both                   Methods                                                                          teams and policy issues, so as to be able to work independently and collaboratively to
      parametric and non-parametric statistics
                                                                                      2      Biostatistics                        Big Data Statistics                         collect, process, interpret and communicate the outcomes of financial, actuarial and
>>    analyse complex problems by running and interpreting time series                       Statistical Learning                 Introduction to Bayesian Data               statistical problems
      models involving dynamic volatility and/or trends                                                                           Analysis
                                                                                             Applied Time Series Analysis                                                >>   demonstrate the skills necessary to critically engage with and evaluate financial, actuarial and
>>    analyse and interpret data in various contexts using the appropriate                                                        Credibility Theory
                                                                                             Statistical Inference                                                            statistical problems.
      methodology                                                                                                                 Advanced Mathematical Statistics
>>    demonstrate fundamental research skills, such as data collection,
      data processing, and model estimation and interpretation in applied
      statistics.                                                                                                                                                          A C T U A R I A L S TAT I S T I C S                   ACTUARIAL STUDIES                                 S TAT I S T I C S
                                                                                                                                                                         Students must complete 24 units from the              Students must complete 12 units from the          Students must complete 24 units from the
                                                                                                                                                                         following list:                                       following list:                                   following list:
                                                                                                                                                                         >> Continuous Time Finance                            >> Control Cycle 1
     STRUCTURE                                                                                                                                                                                                                                                                   >>   Economic Models and Introductory
                                                                                                                                                                         >> Applied Investments                                >> Control Cycle 2                                     Econometrics
The program consists of 96 units,                        A minimum of 24 units from the following                    A maximum of 24 units from level 6000,              >> Applied Derivatives                                >> Investment and Asset Modelling                 >>   Business and Economic Forecasting
comprising:                                              list:                                                       7000 and 8000 courses in the following              >> Principles of Mathematical Statistics              >> Advanced Life Insurance                        >>   Regression Modelling
48 units of compulsory courses:                                                                                      subject areas:                                      >> Life Contingencies                                 >> Advanced General Insurance                     >>   Principles of Mathematical Statistics
                                                         >>     Survival Models
>>    Regression Modelling                                                                                           >>     Statistics                                   >> Actuarial Techniques                               >> Advanced Global Retirement Income              >>   Life Contingencies
                                                         >>     Biostatistics                                                                                                                                                        Systems
                                                                                                                                                                         >> Financial Mathematics                                                                                >>   Actuarial Techniques
>>    Principles of Mathematical Statistics              >>     Applied Time Series Analysis                         >>     Econometrics
                                                                                                                                                                         >> Survival Models                                    >> Research essay in Actuarial Studies            >>   Financial Mathematics
>>    Statistical Inference                              >>     Advanced Stochastic Processes                        >>     Mathematics                                                                                        >> Advanced Investments
                                                                                                                                                                         >> Introduction to Stochastic Processes                                                                 >>   Applied Statistics
>>    Generalised Linear Models                          >>     Stochastic Modelling                                 >>     Computing                                    >> Risk Theory                                        and a maximum of 12 units from the following      >>   Introduction to Stochastic Processes
>>    Statistical Learning                               >>     Design of Experiments and Surveys                    >>     Actuarial Studies                            >> Credibility Theory                                 list:                                             >>   Graphical Data Analysis
>>    Introduction to Stochastic Processes               >>     Big Data Statistics                                  >>     Financial Management                         >> Mathematical Foundations for Actuarial             >>     Financial Statements and Reporting         >>   Design of Experiments and Surveys
>>    Applied Statistics                                                                                                                                                       Studies*                                        >>     Business Economics                         >>   Generalised Linear Models
                                                         >>     Introduction to Bayesian Data Analysis
>>    Graphical Data Analysis                            >>     Risk Theory                                                                                                                                                    >>     Continuous Time Finance                    >>   Survival Models
                                                                                                                                                                                                                               >>     Applied Foundations of Finance             >>   Introductory Statistics for Business and
                                                         >>     Credibility Theory
                                                                                                                                                                           FINANCE                                             >>     Applied Corporate Finance                       Finance
                                                         >>     Advanced Mathematical Statistics                                                                                                                                                                                 >>   Applied Time Series Analysis
                                                                                                                                                                                                                               >>     Applied Investments
                                                                                                                                                                         Students must complete 24 units from the                                                                >>   Biostatistics
                                                                                                                                                                                                                               >>     Applied Derivatives
                                                                                                                                                                         following list:
                                                                                                                                                                                                                               >>     Principles of Mathematical Statistics      >>   Statistical Inference
                                                                                                                                                                         >>   Financial Statements and Reporting               >>     Life Contingencies                         >>   Risk Theory
                                                                                                                                                                         >>   Business Economics                               >>     Actuarial Techniques                       >>   Credibility Theory
                                                                                                                                                                         >>   Applied Foundations of Finance                   >>     Financial Mathematics                      >>   Applied research essay
                                                                                                                                                                         >>   Applied Corporate Finance                        >>     Survival Models                            >>   Advanced Mathematical Statistics
                                                                                                                                                                         >>   Applied Investments                              >>     Introduction to Stochastic Processes       >>   Mathematical Foundations for Actuarial
                                                                                                                                                                         >>   Applied Derivatives                              >>     Risk Theory                                     Studies*
                                                                                                                                                                         >>   Applied Valuation                                >>     Credibility Theory                         >>   Applied Foundations of Finance
                                                                                                                                                                         >>   Advanced Corporate Finance
                                                                                                                                                                                                                                                                                 * Students without the requisite mathematics
                                                                                                                                                                         >>   Advanced Investments                                                                               training for direct entry into one of the master
                                                                                                                                                                         >>   Topics in International Finance                                                                    programs in Actuarial Studies or Statistics are
                                                                                                                                                                         >>   Derivatives: Markets, Valuation and Risk                                                           advised to select Mathematical Foundations for
                                                                                                                                                                              Management                                                                                         Actuarial Studies to be eligible for articulation
                                                                                                                                                                         >>   Applied Financial Intermediation and Debt                                                          into one of those programs.
                                                                                                                                                                              Markets
                                                                                                                                                                         >>   Applied Portfolio Construction
                                                                                                                                                                         >>   Trading and Markets
                                                                                                                                                                         >>   Applied project in Finance
                                                                                                                                                                         >>   Financial Mathematics
                                                                                                                                                                         >>   Introductory Statistics for Business and
                                                                                                                                                                              Finance

30    ANU College of Business & Economics        Photo 1: Australian National University                                                                                                                                                                                                             2019 Postgraduate Guide     31
Overview
     Business and
                                                                                    Evidence-based management programs
                                                                                    Working with the Center for Evidence-Based Management in the Netherlands, ANU is among the first institutions in the world to
                                                                                    adopt an evidence-based management (EBM) approach to business education.
                                                                                    ANU EBM approach focuses on creating future-ready leaders who have deep disciplinary knowledge and understanding to
                                                                                    solve today’s problems, and a unique set of analytical skills that enable them to identify, evaluate and apply the best available

     management
                                                                                    evidence in order to respond to tomorrow’s challenges—whatever they look like.
                                                                                    To learn more about our EBM approach to business education, please visit www.future-ready.com.au.

                                                                                    RSM Orientation Week program
                                                                                    RSM have introduced a tailored Orientation Week program run each semester for our new postgraduate students. This tailored
                                                                                    program is designed to introduce students to their peers, and provide specific information pertinent to studying a postgraduate
                                                                                    program at the ANU Research School of Management. Evidence-based management is foundational to all our programs and
                                                                                    this, along with other facets of our teaching, are introduced during this week. Further information is available on enrolment.

                                                                                    Entry requirements
     We offer nine graduate programs designed for students wanting to:
                                                                                    Entry into the Graduate Certificate of Management requires students to have completed an Australian bachelor degree with
     >> prepare for the next level of leadership                                    a minimum grade point average (GPA) of 4.0/7, or the international equivalent. All other programs require a minimum GPA of
                                                                                    5.0/7. MBA and MBA (Advanced) programs have additional entry requirements—see page 36.
     >> enhance their management skills, or
                                                                                    All students must also satisfy the university’s English language admission requirements—see page 67.
     >> take on the challenges of entrepreneurship.
                                                                                    Advanced programs
     These programs are professionally oriented, evidence-based courses of study,
                                                                                    RSM masters programs have advanced versions that have higher entry and progression requirements. Program duration is
     delivered through intimate, interactive seminars and tutorials.                96 units, two years full-time, with the final 24 units being a research thesis. Note: The MBA program is 72 units, and the MBA
                                                                                    (Advanced) program is 96 units.

                                                                                    Program duration and credit
                                                                                    Applicants with a bachelor degree or graduate certificate in a cognate discipline may be eligible for a 24-unit (six-month full-time
     Flagship program                                                               equivalent) credit for prior learning. A further reduction of up to 24 units may be available for those with a graduate diploma or
                                                                                    higher degree in a cognate discipline. Credits for prior learning do not apply to the MBA program.
     >> Master of Business Administration

     Our programs
     >>   Master of Business Information Systems
     >>   Master of Project Management
     >>   Master of International Management
     >>   Master of Entrepreneurship and Innovation
     >>   Master of Leadership
     >>   Master of Marketing Management
     >>   Graduate Certificate of Management

     Professional
     accreditation

32    ANU College of Business & Economics                                                                                                                                                      2019 Postgraduate Guide     33
I chose an MBA at ANU specifically as it’s an
                                                 internationally recognised postgraduate degree that
                                                 I can take with me into a diverse range of industries,
                                     areas of work, and even countries. I found the MBA to be a good
                                     mix of theoretical and practical knowledge and have already been
                                     able to apply what I have learnt in the workplace.

                                     Grace Huang
                                     Master of Business Administration
                                     Project Officer, Department of Agriculture
                                     and Water Resources

34   ANU College of Business & Economics   Photo: Holly Treadaway                                         2019 Postgraduate Guide   35
M A S T E R O F B U S I N E S S A D M I N I S T R AT I O N                                                                                                   M A S T E R O F B U S I N E S S I N F O R M AT I O N S Y S T E M S

Program code: MBADM CRICOS code: 091188G Commencement: Semester 1 (Feb)                                                                                      Program code: MBINS CRICOS code: 050796M                  Commencement: Semester 1 (Feb) or Semester 2 (Jul)
Duration of MBA: One and a half years full-time, three years part-time                                                                                       Duration: Two years full-time, four years part-time
Duration of MBA (Advanced): Two years full-time, four years part-time

     KEY LEARNING OUTCOMES                                                   T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y                        KEY LEARNING OUTCOMES                                                        T Y P I C A L F U L L - T I M E PAT T E R N O F S T U D Y

Upon successful completion, graduates will have the knowledge and                                                                                            Upon successful completion, graduates will possess the knowledge and
skills to:                                                                  Year     Semester 1                       Semester 2                             skills to:                                                                    Year   Semester 1                        Semester 2

>>    evaluate and synthesise evidence to inform decision-making            1        Evidence-Based Management        Financial Reporting & Analysis         >>   evaluate and synthesise evidence to inform decision-making               1      Evidence-Based Management         Accounting Information Systems
                                                                                     Managing in a Global Context     Leading People & Change                                                                                                     Managing in a Global Context      Relational Databases
>>    create opportunities and novel solutions to organisational                                                                                             >>   create opportunities and novel solutions to organisational
                                                                                     Marketing & Stakeholder          Organisational Behaviour                                                                                                    Marketing & Stakeholder           Digital Transformations
      challenges                                                                                                                                                  challenges
                                                                                     Communication                                                                                                                                                Communication                     Intelligent Business Analysis:
                                                                                                                      Strategic Management
>>    work effectively with others to resolve challenges                             Technology & Project                                                    >>   work effectively with others to resolve challenges                              Technology & Project              Models, Processes & Techniques
>>    adapt to complex and uncertain situations                                      Management                                                              >>   adapt to complex and uncertain situations                                       Management

                                                                                                                      {                     }
>>    engage, inform and influence stakeholders                             2        Business Economics                   Optional thesis                    >>   engage, inform and influence stakeholders                                2      Business Analytics for Managers   Elective or specialisation
                                                                                                                                                MBA
                                                                                     Applied Foundations of Finance       Optional thesis       (Advanced)                                                                                        Networked Information Systems     Elective or specialisation
>>    incorporate the influence of a changing global environment                                                                                             >>   incorporate the influence of a changing global environment
                                                                                     Managing for Sustainability          Optional thesis       option                                                                                            Enterprise Systems & Strategy     Elective or specialisation
>>    model ethical behaviour and make principled decisions                                                                                                  >>   model ethical behaviour and make principled decisions
                                                                                     Entrepreneurship & Innovation        Optional thesis                                                                                                         Digital Strategy, Executive &     Elective or specialisation
>>    integrate professional knowledge and skills from fellow middle                                                                                         >>   apply specialised knowledge and skills in the area of business                  Operations
      managers.                                                                                                                                                   information systems.

     STRUCTURE                                                               ENTRY REQUIREMENTS
                                                                                                                                                              STRUCTURE
The MBA program consists of 72 units of compulsory courses,                Minimum five years work experience (including at least three years
comprising 24 units from the Management Core, 24 units of                  documented management experience).                                                The program consists of 96 units, comprising 24 units from the                 or 24 units of electives, subject to individual course prerequisites.
Management Essentials and 24 units of Business Essentials.                                                                                                   Management Core, 24 units from Computing Essentials, 24 units from
                                                                           With one of the following qualifications or test:
                                                                                                                                                             the Business Information Systems specialisation, and either 24 units           There is also the option for high-performing students with a distinction
There is also the option for high-performing students with a distinction
                                                                           Either:                                                                           from completion of one of the following specialisations:                       (70 per cent) grade average to extend their studies by undertaking a
(70 per cent) grade average to extend their MBA studies by undertaking
                                                                                                                                                                                                                                            thesis component. Students who successfully complete the 24-unit
a thesis component. Students who successfully complete the 24-unit         A bachelor degree or international equivalent with a minimum grade point          >>   Entrepreneurship and Innovation                                           optional thesis component will be awarded an MBIS (Advanced).
optional thesis component will be awarded an MBA (Advanced).               average (GPA) of 5/7.                                                             >>   International Business
                                                                           Or:                                                                               >>   Leadership
                                                                           An ANU Graduate Certificate of Management with a minimum GPA of                   >>   Marketing
                                                                           5/7.                                                                              >>   Project Management
                                                                           Or:
                                                                           A minimum Graduate Management Admission Test (GMAT) score of 600
                                                                           or higher.
                                                                           All applicants must meet the university’s English language admission
                                                                           requirements for students—see page 67.

36    ANU College of Business & Economics       Photo: Paper Monkey                                                                                                                                                                                                                       2019 Postgraduate Guide    37
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