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