Business & Economics - ANU College of Business & - ANU College of Business & Economics

 
 
Business & Economics
Business & Economics




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




ANU College of
Business &
Economics
Business & Economics
J O I N U S AT A N U

CONTENTS
Join us at ANU             3
                                                                            Australia’s finest
The postgraduate advantage 4                                               For over 70 years, the Australian National University (ANU) has worked to realise the ambitions of its visionary
                                                                            founders to become Australia’s finest research institution.
Graduate outcomes          5
Employability6                                                             We now invite you to join our community of world-leading academics, alumni and students who make us
Study options              9                                               Australia’s #1 university, and #24 in the world.1
  Accounting                                           10                  Our mission is to provide Australia with intellectual leadership on critical issues. Our influence in global research
  Actuarial studies and statistics                     16                  and teaching has made us Australia’s most international university, and our dedication to our students has
                                                                            placed them among Australia’s most employable graduates.2
  Business and management                              22
  Economics                                            32                  We are committed to excellence in our education, student outcomes and experience.
  Finance	                                             38
                                                                            You are committed to better outcomes for your community, the environment, our nation and the world.
Graduate research                                      44
                                                                            Embrace your global citizenship in our inclusive, open and respectful community. Learn from research as it
Support for success                                    46
                                                                            happens, create in our state-of-the-art facilities, unlock your future and change the world.
How to apply                                           47
English language requirements                          48




First published June 2018 by the Division of Student Recruitment, the
Australian National University. CRICOS provider number: 00120C.
No undertakings are binding on the university unless they are obtained                 ANU is ranked #1 in                                    International outlook                Highest on Quality on Life Index
in an official letter from the Deputy Vice-Chancellor (Academic). The                  Australia and #24 in                                    One of the highest in               Canberra has the highest Quality of
university may vary the ATARs, other entrance scores and requirements,                     the world1                                               Australia2                        Life Index rate in the world3
content and availability of programs and courses, and costs and
charges applied to the courses outlined in this guide. The university
reserves the right to change the contents of courses and not to offer all
courses listed in this guide.
The photos in this guide are by the Australian National University unless
otherwise indicated.


                                                                                   5-star maximum rating                               More than just the capital city                   High-ranking subjects
                                                                                  For student demand, student                      Home to national festivals like the National     Seven ANU subjects are ranked in
                                                                              retention, student–teacher ratio and                  Multicultural Festival, with plenty of other   the top 10 in the world, 26 are in the
                                                                                       staff qualifications4                       community events on throughout the year          top 50, and 13 are number one in
                                                                                                                                                                                                 Australia5




                                                                                   “Well above” world standard                                 6 Nobel Laureates                      One of the highest average
                                                                               95% of of broad-field research at ANU                          ANU counts six Nobel                  academic staff-to-student ratios
                                                                                 is rated above or well above world                       Laureates among our staff and            among Australia’s leading universities7
                                                                                             standard6                                               alumni


                                                                            1. QS World University Rankings 2019.
                                                                            2. Times Higher Education World University Rankings 2019 “international outlook” indicator;
                                                                                  and Times Higher Education Global University Employability Ranking 2018.
                                                                            3. Numbeo Quality of Life Index in 2017, 2018 and 2019.
                                                                            4. QS World University Rankings 2019.
                                                                            5. QS World University Rankings by Subject 2019.
                                                                            6. Australian Government Excellence in Research for Australia Report 2015.
                                                                            7. Good Universities Guide 2019.



                                                                                                                                                                                                    2019 Postgraduate Guide   3
Business & Economics
T H E P O S T G R A D U AT E A D VA N TA G E                                                                                                   G R A D U AT E O U T C O M E S

                                                                                                                                                                              84%          of                                          Average income




    Level up
                                                                                                                                                                              graduates reported                                       for CBE graduates with a
                                                                                                                                                                              their qualification                                      postgraduate degree
                                                                                                                                                                              prepared them “very                                      was approximately
                                                                                                                                                                              well” or “well” for                                      $86,000
                                                                                                                                                                              employment




                                                                                                                                                                                     59%          of                                            38% of
                                                                                                                                                                                     CBE graduates                                              CBE graduates
                                                                                                                                                                                     are employed                                               are employed


    with a postgraduate
                                                                                                                                                                                     in the private                                             in the public
                                                                                                                                                                                     sector                                                     sector




    qualification
                                                                                                                                                                                                                        Source: 2016 Graduate Outcomes Survey: ANU College of Business and Economics.




                                                                                                                                               Employers of CBE graduates and alumni
                                                                                                                                               Accenture                               Boston Consulting Group    Hewlett Packard                         Reserve Bank of China

    Most employable graduates
                                                                                                                                               Alibaba                                 Centre for International   HSBC                                    Reserve Bank of Fiji
                                                                                                                                                                                       Economics
                                                                                                                                               Amazon                                                             IBM                                     Reserve Bank of New
    At the ANU College of Business and Economics (CBE), we take your success very seriously. Australian National University                                                            Chanel Taiwan Inc.                                                 Zealand
                                                                                                                                               American Express                                                   Indonesian Stock Exchange
    (ANU) graduates are among the most employable of all Australian university graduates. According to the 2017 Global University                                                      China Unicom                                                       Reserve Bank of Vanuatu
    Employability Survey results, ANU graduates work in a wide range of industries including accounting, legal, finance and investment         ANZ Bank                                                           International Monetary Fund
    services, central government administration and consulting firms.                                                                                                                  CITIC Bank                                                         Rio Tinto
                                                                                                                                               Apple Inc.                                                         JP Morgan Chase
                                                                                                                                                                                       Commonwealth Bank                                                  Standard Chartered Bank
    The 2016 Graduate Outcomes Survey shows that the majority of graduates from CBE secure full-time employment soon after                     Asian Development Bank                                             KPMG
    completing their studies, and report high job satisfaction.                                                                                                                        DBS Bank                                                           Tata Asset Management
                                                                                                                                               Audi                                                               LinkedIn
                                                                                                                                                                                       Dell                                                               Tencent
                                                                                                                                               Australian Public Service                                          L’Oreal
                                                                                                                                                                                       Deloitte                                                           Thomson Reuters
    A superior, research-led education                                                                                                         Baidu
                                                                                                                                               Baker Tilly International
                                                                                                                                                                                       Deutsche Bank
                                                                                                                                                                                                                  MediaCorp TV
                                                                                                                                                                                                                  Mercedes-Benz
                                                                                                                                                                                                                                                          Toshiba
    Through your study with CBE, you will have the opportunity to learn from some of the finest academic minds in the world. You will                                                  Dixon Advisory                                                     TripAdvisor
                                                                                                                                               Bank Indonesia                                                     National Australia Bank (NAB)
    explore intricate ideas, gain skills to critically analyse and solve complex problems, and discover innovative leadership styles and new                                           EY                                                                 UN Women Australia
    models of management. You will gain the knowledge, experience and skills to become a leader.                                               Bank of China                                                      Panasonic
                                                                                                                                                                                       Fairfax Media Limited                                              Unilever
                                                                                                                                               Bank of Mongolia                                                   Philips
                                                                                                                                                                                       Flight Centre                                                      United Nations
                                                                                                                                               Bentleys NSW                                                       Procter & Gamble
    Get connected                                                                                                                              BMW Australia
                                                                                                                                                                                       Goldman Sachs
                                                                                                                                                                                                                  PwC
                                                                                                                                                                                                                                                          Westpac Banking Corporation
                                                                                                                                                                                       Google Inc.
    Building a network that you can rely on takes more than hard work. ANU attracts exceptional and talented people from Australia, the        BNP Paribas                                                        Reserve Bank of Australia
    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.                  Top five industries in which                                       Top 10 occupations for CBE
                                                                                                                                               CBE alumni work                                                    alumni
                                                                                                                                                »»     Accounting services                                         »»    Accountant
                                                                                                                                                »»     Banking                                                     »»    Analyst/finance analyst/financial planner
                                                                                                                                                »»     Central government administration                           »»    CEO
                                                                                                                                                »»     Management advice and related consulting services           »»    CFO
                                                                                                                                                »»     State government administration                             »»    Consultant
                                                                                                                                               Source: 2017 data from ANU Alumni database.
                                                                                                                                                                                                                   »»    Director
                                                                                                                                                                                                                   »»    Economist
                                                                                                                                                                                                                   »»    Manager
                                                                                                                                                                                                                   »»    Partner
                                                                                                                                                                                                                   »»    President/vice president
                                                                                                                                                                                                                  Source: 2017 data from ANU Alumni database.


4       ANU College of Business & Economics                                                                                                                                                                                                                     2019 Postgraduate Guide      5
Business & Economics
E M P L O YA B I L I T Y
                                                                                                                                    Your 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
                                                                                                                                                                                                                                              Photo: Holly Treadaway




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 a project-based arrangement,
                                             which the intern will complete under the guidance of a workplace                                                             Photo: Holly Treadaway
                                             supervisor, as well an 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 among the most
                                              Embassy of Mexico                         Royal Australian Mint
Australian Institute of Health and                                                                                                                                                                    employable in Australia*
Welfare                                       Innovate Canberra                         Transport Canberra
                                                                                                                                                                                                   * Times Higher Education Global University Employability
Australian Research Alliance for              Invest Canberra                           UnitingCare Australia                                                                                      Ranking 2018
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




6   ANU College of Business & Economics                                                                                                                                                                                              2019 Postgraduate Guide           7
Business & Economics
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                   45,600              S1 & S2         12
                                           Master of Professional Accounting     7413XMPACC          050799G          1.5 years             33,888                   45,600              S1 & S2         13
                                           Master of Commerce (Advanced)            VCOMM            093294M           2 years              33,888                   45,600              S1 & S2         14
                                           Graduate Certificate of Accounting    6459XGCACC          052700G          0.5 years             16,944                   22,800              S1 & S2         15
                                           Master of Actuarial Practice          7420XMACTP          079658E          2.5 years             33,888                   45,600              S1 & S2         18
                                           Master of Actuarial Studies           7410XMACTS          050802G           2 years              33,888                   45,600              S1 only         19
                                           Master of Statistics                     MSTAT            082353G           2 years              33,888                   45,600              S1 & S2         20
                                           Graduate Certificate of Finance           CFAS            082257G          0.5 years             16,944                   22,800              S1 & S2         21
                                           and Actuarial Statistics
                                           Master of Business Administration        MBADM            091188G          1.5 years             33,888                   45,600              S1 only         24
                                           Master of Business Information           MBINS            050796M           2 years              33,888                   45,600              S1 & S2         25
                                           Systems
                                           Master of Entrepreneurship and           MEINV            091185K           2 years              33,888                   45,600              S1 & S2         26
                                           Innovation
                                           Master of International                  MIMGT            088059J           2 years              33,888                   45,600              S1 & S2         27
                                           Management
                                           Master of Leadership                     MLEAD            091186J           2 years              33,888                   45,600              S1 & S2         28
                                           Master of Marketing Management           MMKMT            091184M           2 years              33,888                   45,600              S1 & S2         29
                                           Master of Project Management             MPROM            082344G           2 years              33,888                   45,600              S1 & S2         30
                                           Graduate Certificate of                  GCMGT            030000G          0.5 years             16,944                   22,800              S1 & S2         31
                                           Management
                                           Master of Applied Economics              MAPEC            082269C           2 years              33,888                   45,600              S1 & S2         34
                                           Master of Economic Policy                MECPO            082289K           2 years              33,888                   45,600              S1 & S2         35
                                           Master of Economics                      MECON            082290F           2 years              33,888                   45,600              S1 & S2         36
                                           Graduate Certificate of Economics        CECON            082256G          0.5 years             16,944                   22,800              S1 & S2         37
                                           Graduate Diploma of Economics            DECON            082263J           1 year               33,888                   45,168              S1 & S2         37
                                           Master of Applied Finance             7421XMAPFN          079659D          1.5 years             33,888                   45,600              S1 & S2         40
                                           Master of Finance                      7418XMFIN          039762C           2 years              33,888                   45,600              S1 & S2         41
                                           Master of Financial Economics            MFIEC            086226D           2 years              33,888                   45,600              S1 only         42
                                           Master of Financial Management           MFINM            029316G           1 year               33,888                   45,600              S1 & S2         43

                                          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.




8   ANU College of Business & Economics                                                                                                                                          2019 Postgraduate Guide           9
Business & Economics
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.

     accounting firms, government departments, banking and finance organisations,   Entry requirements
     corporations and other related accounting fields.                              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
                                                                                    cognate discipline (see below).
                                                                                    For entry into the Graduate Certificate of Accounting, applicants must have an Australian bachelor degree with a minimum GPA
     Our programs                                                                   of 4.5/7, or the international equivalent.
                                                                                    For entry into the Master of Commerce (Advanced), applicants must have an Australian bachelor degree with a minimum GPA
     >>   Master of Accounting
                                                                                    of 6.0/7, or the international equivalent.
     >>   Master of Professional Accounting                                         All students must also satisfy the university’s English language admission requirements—see page 48.
     >>   Master of Commerce (Advanced)
     >>   Graduate Certificate of Accounting                                        Cognate disciplines
                                                                                    Accounting, Actuarial Studies, Business, Business Information Systems, Computer Science, Economics, Finance, International
                                                                                    Business, Mathematics, Management, Marketing, Statistics.




     Professional
     accreditation




10    ANU College of Business & Economics                                                                                                                                                    2019 Postgraduate Guide    11
Business & Economics
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            Responsibility, Accountability
                                                                                   Advanced Managerial Decision       & Reporting or Public Sector
                                                                                   Making                             Accounting & Reporting or
                                                                                                                      Accounting Analytics


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


12    ANU College of Business & Economics                                                                                                                                                                                                                                          2019 Postgraduate Guide   13
Business & Economics
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                                                           Seminal Research in Accounting
   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                                        >> Seminal Research in Accounting                                            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 courses in
descending order of marks.
Students who do not achieve a minimum 70% weighted average mark will be transferred to the Master of Accounting or Master of Professional
Accounting program.




14      ANU College of Business & Economics                                                                                                                                                                                                                                          2019 Postgraduate Guide   15
Business & Economics
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-
                                                                                             requirements 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
                                                                                             expertise, the Master of Statistics provides a sequence of courses covering basic statistical skills combined with more




     statistics
                                                                                             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 21.

                                                                                             Entry requirements
                                                                                             Entry into the Graduate Certificate of Finance and Actuarial Statistics requires students to have completed an Australian
     The closely aligned disciplines of actuarial studies and statistics present excellent   bachelor degree with a minimum grade point average (GPA) of 4.5/7, or the international equivalent. All other programs require
                                                                                             a minimum GPA of 5.0/7.
     opportunities for careers in a wide range of workplaces. Qualified actuaries and        For direct entry into the Master of Actuarial Practice, Master of Actuarial Studies, and Master of Statistics, students must have
     statisticians are in high demand around the world and can command high salaries.        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
                                                                                             and select Mathematical Foundations for Actuarial Studies as one of their courses in either the Actuarial Statistics or Statistics
     with prior study in the disciplines and those seeking to move into a new field.         specialisations.
                                                                                             All students must also satisfy the university’s English language admission requirements—see page 48.

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




     Professional
     accreditation                                               gstat
                                                                     Graduate Statistician




16    ANU College of Business & Economics                                                                                                                                                                 2019 Postgraduate Guide   17
Business & Economics
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




     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
>>     demonstrate key concepts in actuarial studies and related fields,                                                                                                 >>     demonstrate key concepts in actuarial studies and related fields,
       including:                                                                     1       Principles of Mathematical          Life Contingencies                            including:                                                                   1       Principles of Mathematical           Actuarial Techniques
                                                                                              Statistics for Actuarial Studies    Actuarial Techniques                                                                                                               Statistics for Actuarial Studies     Introduction to Stochastic Processes
        a.   ability to utilise concepts in financial mathematics, including                  Regression Modelling for
                                                                                                                                                                                a.   ability to utilise concepts in financial mathematics, including                 Regression Modelling for
             the time value of money, annuities, bond and loan calculations                                                       Introduction to Stochastic Processes               the time value of money, annuities, bond and loan calculations                                                       Life Contingencies
                                                                                              Actuarial Studies                                                                                                                                                      Actuarial Studies
                                                                                                                                  Financial Statements and Reporting                                                                                                                                      Elective course
        b.   ability to apply mathematical statistics, regression modelling                   Financial Mathematics                                                             b.   ability to apply mathematical statistics, regression modelling                  Financial Mathematics
             and other statistical techniques to actuarial problems                           Applied Foundations of Finance                                                         and other statistical techniques to actuarial problems                          Elective course
        c.   ability to describe and apply stochastic processes, survival             2       Actuarial Control Cycle 1           Actuarial Control Cycle 2                     c.   ability to describe and apply stochastic processes, survival            2       Actuarial Control Cycle 1            Actuarial Control Cycle 2
             models and their application in actuarial contexts                               Survival Models                     Actuarial Data Analysis                            models and their application in actuarial contexts                              Risk Modelling 1                     Actuarial Data Analysis
        d.   ability to model and value cash flows dependent on death,                        Risk Modelling 1                    Risk Modelling 2                              d.   ability to model and value cash flows dependent on death,                       Survival Models                      Risk Modelling 2
             survival, illness, retirement, and other contingencies                           Applied Derivatives                 Applied Investments                                survival, illness, retirement, and other contingencies                          Elective course                      Elective course
        e.   ability to apply risk modelling techniques across a variety of           3       Advanced Investments                                                              e.   ability to apply risk modelling techniques across a variety of
             financial situations                                                             Business Economics                                                                     financial contexts
>>     apply these key concepts in advanced contexts by integrating                           Applied Corporate Finance                                                  >>     analyse and interpret specific business situations so that the correct
       technical concepts and business awareness                                              Continuous Time Finance                                                           actuarial and other techniques can be applied
>>     analyse and interpret specific business situations so that the correct                                                                                            >>     utilise critical thinking to solve specific actuarial problems and
       actuarial techniques can be applied                                                                                                                                      communicate their results to a relevant audience
>>     utilise critical thinking to solve specific actuarial problems and                                                                                                >>     apply actuarial research planning and methodology.
       communicate their results to a relevant audience
>>     apply actuarial research planning and methodology.
                                                                                                                                                                           STRUCTURE

     STRUCTURE                                                                                                                                                           The program consists of 96 units,                         >>    Actuarial Techniques                                 >>    Business
                                                                                                                                                                         comprising:                                               >>    Financial Mathematics                                >>    Economic History
The program consists of 120 units,                        >>    Financial Mathematics                                 >>    Research Essay in Actuarial Studies                                                                    >>    Introduction to Stochastic Processes                 >>    Economics
comprising:
                                                                                                                                                                         Core courses
                                                          >>    Introduction to Stochastic Processes                  >>    Enterprise Risk Management 1                                                                           >>    Survival Models                                      >>    Econometrics
Core courses                                                                                                                                                             72 units of compulsory courses:
                                                          >>    Survival Models                                       >>    Enterprise Risk Management 2                                                                           >>    Risk Modelling 1                                     >>    Financial Management
72 units of compulsory courses:                                                                                                                                          >>     Actuarial Data Analysis
                                                          >>    Risk Modelling 1                                      >>    Financial Statements and Reporting                                                                     >>    Risk Modelling 2                                     >>    Management
>>     Actuarial Data Analysis                                                                                                                                           >>     Actuarial Control Cycle 1
                                                          >>    Risk Modelling 2                                      >>    Business Economics                                                                                                                                                >>    Marketing
>>     Actuarial Control Cycle 1                                                                                      >>    Continuous Time Finance
                                                                                                                                                                         >>     Actuarial Control Cycle 2                          Elective courses
                                                          Elective courses                                                                                                                                                                                                                    >>    Statistics
>>     Actuarial Control Cycle 2                                                                                                                                         >>     Principles of Mathematical Statistics for          24 units from completion of 6000-level,
                                                                                                                      >>    Applied Foundations of Finance
                                                          48 units from the following list:                                                                                     Actuarial Studies                                  7000-level and 8000-level courses from the
>>     Principles of Mathematical Statistics for                                                                      >>    Applied Corporate Finance
       Actuarial Studies                                                                                                                                                 >>     Regression Modelling for Actuarial                 following subject areas:
                                                          >>    Advanced Insurance                                    >>    Applied Investments                                 Studies                                            >>    Actuarial Studies
>>     Regression Modelling for Actuarial                 >>    Advanced Life Insurance                               >>    Applied Derivatives
       Studies                                                                                                                                                           >>     Life Contingencies                                 >>    International Business
                                                          >>    Advanced General Insurance                            >>    Advanced Investments
>>     Life Contingencies
                                                          >>    Advanced Global Retirement Income
>>     Actuarial Techniques                                     Systems
                                                                                                                                                                           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
                                                                                                                                                                         of Actuarial Practice. Students who do not achieve a minimum 60% weighted average mark in the first 48 units will be transferred to the Graduate
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                           Diploma of Business. If the total number of units attempted exceeds 48 in the same teaching period in which the 48th unit is attempted, exactly 48
of Actuarial Practice. Students who do not achieve a minimum 60% weighted average mark in the first 48 units will be transferred to the Graduate                         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
Diploma of 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 from courses in descending order of marks.
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.
                                                                                                                                                                              P R O F E S S I O N A L A C C R E D I TAT I O N

     P R O F E S S I O N A L A C C R E D I TAT I O N                                                                                                                     The Master of Actuarial Studies enables students to undertake a sequence of accredited courses that satisfy certain educational requirements of the
                                                                                                                                                                         Actuaries Institute. For more information on accreditation, visit
The Master of Actuarial Practice enables students to undertake a sequence of accredited courses that satisfy certain educational requirements of the                     cbe.anu.edu.au/about/professional-organisations-accreditation/actuaries-institute-requirements
Actuaries Institute. For more information on accreditation, visit
cbe.anu.edu.au/about/professional-organisations-accreditation/actuaries-institute-requirements




18      ANU College of Business & Economics                                                                                                                                                                                                                                                                      2019 Postgraduate Guide     19
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
>>    work independently and collaboratively to collect, process, interpret
      and communicate the outcomes of fundamental research questions
      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                                >> Actuarial Data Analysis                        >>   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



20    ANU College of Business & Economics                                                                                                                                                                                                                                                            2019 Postgraduate Guide     21
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.
                                                                                       The 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 rsm.anu.edu.au.

                                                                                       Orientation Week program
                                                                                       The ANU Research School of Management has 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 eight graduate programs (plus Advanced versions) designed for students
                                                                                       Entry into the Graduate Certificate of Management requires students to have completed an Australian bachelor degree with a
     wanting to:                                                                       minimum grade point average (GPA) of 4.0/7 or higher, 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 24.
     >> prepare for the next level of leadership
                                                                                       All students must also satisfy the university’s English language admission requirements—see page 48.
     >> enhance their management skills, or
                                                                                       Advanced programs
     >> take on the challenges of entrepreneurship.                                    Research School of Management masters programs have advanced versions that have higher entry and progression
                                                                                       requirements. Program duration is 96 units, two years full-time, with the final 24 units being a research thesis. Note: The MBA
     These programs are professionally oriented, evidence-based courses of study,      program is 72 units, and the MBA (Advanced) program is 96 units.
     delivered through intimate, interactive seminars and tutorials.
                                                                                       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
                                                                                       equivalent) credit for prior learning. A further reduction of up to 24 units may be available for those with a graduate diploma or
     Flagship program                                                                  higher degree in a cognate discipline.

     >> Master of Business Administration

     Our other programs
     >>   Master of Business Information Systems
     >>   Master of Project Management
     >>   Master of International Management                                                Evidence-based
     >>
     >>
          Master of Entrepreneurship and Innovation
          Master of Leadership
                                                                                            management
     >>   Master of Marketing Management                                                    programs
     >>   Graduate Certificate of Management

                                                                                            JOIN THE
                                                                                            REVOLUTION IN
     Professional
                                                                                            BUSINESS
     accreditation                                                                          EDUCATION

                                                                                        Photo: GaudiLab, Shutterstock




22    ANU College of Business & Economics                                                                                                                                                          2019 Postgraduate Guide    23
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 have 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        Managing in a Global Context       Leading People and Change                   >>    evaluate and synthesise evidence to inform decision-making               1      Evidence-Based Management         Accounting Information Systems
                                                                                      Technology and Project             Entrepreneurship and Innovation                                                                                                   Managing in a Global Context      Relational Databases
>>      create opportunities and novel solutions to organisational                    Management                                                                     >>    create opportunities and novel solutions to organisational
                                                                                                                         Strategic Management                                                                                                              Marketing & Stakeholder           Digital Transformations
        challenges                                                                    Evidence-Based Management                                                            challenges
                                                                                                                                                                                                                                                           Communication                     Intelligent Business Analysis:
                                                                                                                         Organisational Behaviour
>>      work effectively with others to resolve challenges                            Marketing and Stakeholder                                                      >>    work effectively with others to resolve challenges                              Technology & Project              Models, Processes & Techniques
                                                                                      Communications                                                                                                                                                       Management
>>      adapt to complex and uncertain situations                                                                                                                    >>    adapt to complex and uncertain situations



                                                                                                                         {                     }
                                                                             2        Financial Reporting and Analysis       Optional thesis                                                                                                        2      Business Analytics for Managers   Elective or specialisation
>>      engage, inform and influence stakeholders                                                                                                  MBA
                                                                                                                                                                     >>    engage, inform and influence stakeholders
                                                                                      Business Economics                     Optional thesis                                                                                                               Networked Information Systems     Elective or specialisation
>>      incorporate the influence of a changing global environment                                                                                 (Advanced)        >>    incorporate the influence of a changing global environment
                                                                                      Finance for Business                   Optional thesis       option                                                                                                  Enterprise Systems & Strategy     Elective or specialisation
>>      model ethical behaviour and make principled decisions                         Managing for Sustainability            Optional thesis                         >>    model ethical behaviour and make principled decisions
                                                                                                                                                                                                                                                           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 Master of Business Administration (MBA) program consists of 72          Minimum five years work experience (including at least three years
units of compulsory courses, comprising 24 units from the Management        documented management experience).                                                       The program consists of 96 units, comprising 24 units from the                  There is also the option for high-performing students with a distinction
Core, 24 units of Management Essentials and 24 units of Business                                                                                                     Management Core, 24 units from Computing Essentials, 24 units from              (70%) grade average to enhance their studies by undertaking a thesis
Essentials.                                                                 With one of the following qualifications or test:
                                                                                                                                                                     the Business Information Systems specialisation, and either 24 units            component. A student must be admitted to the Advanced program
There is also the option for high-performing students with a distinction    Either:                                                                                  from completion of one of the following specialisations:                        before undertaking the thesis. Students need to successfully complete
(70%) grade average to extend their MBA studies by undertaking a thesis                                                                                                                                                                              the 24-unit thesis component to be awarded a Master of Business
                                                                            A bachelor degree or international equivalent with a minimum grade point                 >>    Entrepreneurship and Innovation                                           Information Systems (Advanced).
component. A student must be admitted to the Advanced program               average (GPA) of 5/7.                                                                    >>    International Business
before undertaking the thesis. Students need to successfully complete
the 24-unit thesis component to be awarded an MBA (Advanced).               Or:                                                                                      >>    Leadership
                                                                            An ANU Graduate Certificate of Management with a minimum GPA of                          >>    Marketing
                                                                            5/7.                                                                                     >>    Project Management
                                                                            Or:                                                                                      or 24 units of electives, subject to individual course prerequisites.
     A P P L I C AT I O N S
                                                                            A minimum Graduate Management Admission Test (GMAT) score of 600
                                                                            or higher.
Please note that the MBA program has different entry requirements and
application procedure, which includes additional documentation. Visit the   Or:
ANU Master of Business Administration webpage for more information:
                                                                            A successfully completed Evidence-Based Management EdX
cbe.anu.edu.au/study/programs/MBADM                                         MicroMasters, achieving at least 70% in the final capstone exam.
                                                                            All applicants must meet the university’s English language admission
                                                                            requirements for students—see page 48.
                                                                            The Master of Business Administration program is highly competitive
                                                                            and has a limit on the number of enrolments in each academic year.
                                                                            Applicants will be initially assessed on the minimum criteria detailed
                                                                            above. Where an applicant meets the minimum criteria, they will then
                                                                            also be ranked based on the merit of their relative work experience,
                                                                            academic and/or GMAT results.
                                                                            Meeting the minimum criteria does not guarantee a program offer.




                                                                                                                                                                Photo: Paper Monkey


24      ANU College of Business & Economics                                                                                                                                                                                                                                                        2019 Postgraduate Guide    25
M A S T E R O F E N T R E P R E N E U R S H I P A N D I N N O VAT I O N                                                                                M A S T E R O F I N T E R N AT I O N A L M A N A G E M E N T

Program code: MEINV CRICOS code: 091185K                   Commencement: Semester 1 (Feb) or Semester 2 (Jul)                                          Program code: MIMGT CRICOS code: 088059J                  Commencement: Semester 1 (Feb) or Semester 2 (Jul)
Duration: Two years full-time, four years part-time                                                                                                    Duration: 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 have 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      Strategic Management              >>   evaluate and synthesise evidence to inform decision-making               1      Managing in a Global Context        Leading People and Change
                                                                                      Technology and Project         Organisational Behaviour                                                                                               Technology and Project              Entrepreneurship and Innovation
>>    create opportunities and novel solutions to organisational challenges           Management
                                                                                                                                                       >>   create opportunities and novel solutions to organisational                      Management
                                                                                                                     Entrepreneurship and Innovation        challenges                                                                                                          Strategic Management
>>    work effectively with others to resolve challenges                              Managing in a Global Context                                                                                                                          Evidence-Based Management
                                                                                                                     Leading People and Change                                                                                                                                  Organisational Behaviour
>>    adapt to complex and uncertain situations                                       Marketing and Stakeholder                                        >>   work effectively with others to resolve challenges                              Marketing and Stakeholder
                                                                                      Communications                                                   >>   adapt to complex and uncertain situations                                       Communications
>>    engage, inform and influence stakeholders
                                                                               2      Innovation                     New Venture Creation              >>   engage, inform and influence stakeholders                                2      Managing the Global Supply          Managing Across Cultures
>>    incorporate the influence of a changing global environment                                                                                                                                                                            Chain
                                                                                      Business Growth Strategies     Applied Entrepreneurship and                                                                                                                               Asian Business Systems OR The
>>    model ethical behaviour and make principled decisions                                                                                            >>   incorporate the influence of a changing global environment
                                                                                      Elective or specialisation     Innovation                                                                                                             International Business Strategies   European Business System OR
>>    apply specialised knowledge and skills in the area of                                                          Elective or specialisation        >>   model ethical behaviour and make principled decisions                           Elective or specialisation          Global Management Experience
                                                                                      Elective or specialisation
      entrepreneurship and innovation.                                                                               Elective or specialisation        >>   apply specialised knowledge and skills in the area of international             Elective or specialisation          Elective or specialisation
                                                                                                                                                            business.                                                                                                           Elective or specialisation




     STRUCTURE
                                                                                                                                                         STRUCTURE
The program consists of 96 units, comprising 24 units from the                  (70%) grade average to enhance their studies by undertaking a
Management Core, 24 units from Management Essentials, 24 units                  thesis component. A student must be admitted to the Advanced           The program consists of 96 units, comprising 24 units of courses from          There is also the option for high-performing students with a distinction
from the Entrepreneurship and Innovation specialisation, and either 24          program before undertaking the thesis. Students need to successfully   the Management Core, 24 units from Management Essentials, 24 units             (70%) grade average to enhance their studies by undertaking a thesis
units from completion of one of the following specialisations:                  complete the 24-unit thesis component to be awarded a Master of        from the International Business specialisation, and either 24 units from       component. A student must be admitted to the Advanced program
                                                                                Entrepreneurship and Innovation (Advanced).                            completion of one of the following specialisations:                            before undertaking the thesis. Students need to successfully complete
>>    Business Information Systems                                                                                                                                                                                                    the 24-unit thesis component to be awarded a Master of International
                                                                                                                                                       >>   Business Information Systems                                              Management (Advanced).
>>    International Business
                                                                                                                                                       >>   Entrepreneurship and Innovation
>>    Leadership
                                                                                                                                                       >>   Leadership
>>    Marketing
                                                                                                                                                       >>   Marketing
>>    Project Management
                                                                                                                                                       >>   Project Management
or 24 units of electives, subject to individual course prerequisites.
                                                                                                                                                       or 24 units of electives, subject to individual course prerequisites.
There is also the option for high-performing students with a distinction




26    ANU College of Business & Economics                                                                                                                                                                                                                                             2019 Postgraduate Guide     27
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