Business and Economics Graduate Business Programs 2013 pot

RESEARCH PROGRAMSResearch degrees Pathways to a higher degree by research ■ Postgraduate Diploma in Economics and Commerce 6 ■ Master of Business Honours 6 ■ Supply Chain Management ■

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Business and Economics

Graduate Business

Programs 2013

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Closing dates

MBA application closing date 11 January 2013

There is no closing date for the MPhil or PhD

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Monash University

Monash University has established an enviable reputation for teaching

and research excellence across business disciplines This reputation

is built on our innovative and progressive approach to course delivery,

and the strong links we have forged with commerce and industry,

both in Australia and overseas, making Monash degrees truly

international

The Faculty of Business and Economics offers a range of programs,

including higher degrees by research – PhD and MPhil –

cross-faculty programs, such as the MBA and Master of Business and

specialist Masters degrees in Management, Marketing, Accounting,

Banking, Finance and Business Law Our programs are comprised of

a combination of core units and electives, allowing you to tailor your

course to your career needs

EQUIS accreditation

The Faculty of Business and Economics

has been awarded international business

school accreditation by the Brussels based

European Quality Improvement System,

better known as EQUIS The accreditation

establishes Monash’s Faculty of Business

and Economics as one of the world’s leading higher education

institutions in management and business administration education

“The rapid pace of change in today’s business environment requires constant professional growth

Our business programs are designed to ensure that you are at the leading edge

of your chosen field of endeavour.”

Professor Colm Kearney Dean, Faculty of Business and Economics

Association of MBAs

The Monash MBA program has been awarded accreditation by the Association of MBAs (AMBA)

MBA programs are accredited by AMBA in more than 40 different countries The Monash MBA is just the third such program in Australia to be recognised by AMBA

Professional recognition

Our programs are accredited by relevant professional bodies, enabling graduates to satisfy educational requirements for professional registration or membership These bodies include CPA Australia, Institute of Chartered Accountants in Australia (ICAA), Financial Services Institute of Australasia (FINSIA), National Institute

of Accountants (NIA), Australian Institute of Management (AIM), Australian Human Resources Institute (AHRI), Australian Marketing Institute (AMI)

Further details are available at:

www.buseco.monash.edu.au/esg/asu/publications/

professional-recognition.html

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programs differ in terms of objectives, prerequisites and content.

Our programs include:

1 Research degrees – PhD, MPhil

2 Pathways to a research degree – Postgraduate Diploma in

Economics and Commerce, Master of Business (Honours) and

other selected masters degrees

3 Coursework masters degrees – for early career professionals

and for experienced professionals across the full spectrum of

business disciplines

4 Executive Certificate in Business – designed to cater for

managers who have significant workplace experience but who do

not have a first degree

Economics comprise 12 units Full-time students normally undertake four units per semester and part time students normally undertake two units per semester

In some disciplines, graduate certificates (4 units) and graduate diplomas (8 units) are exit awards – i.e students enrol in the masters degree and, after completion of four or eight units, may exit with a graduate certificate or graduate diploma

In some disciplines, students may enrol in a graduate or postgraduate diploma and after completion of eight units may articulate into a relevant masters degree Refer to the summary table at the end of this brochure for a full list of programs

Honours Degree

Postgraduate Diploma

Masters

by Research(MPhil) (p.5)

Masters by Coursework(p.7)

PhD (p.5)

Must complete a research stream in Masters program

Executive Certificate

in Business (p.39)

Graduate Certificate

Undergraduate

Degree

Graduate Diploma

Graduate Pathways

The following diagram presents an overview of the most common pathways for graduates within the Faculty of Business and Economics at Monash University

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RESEARCH PROGRAMS

Research degrees

Pathways to a higher degree by research

■ Postgraduate Diploma in Economics and Commerce 6

■ Master of Business (Honours) 6

■ Supply Chain Management

■ Graduate Certificate in Business 10

■ Graduate Diploma in Business 10

■ Master of Business (Science and Technology) 11

■ Master of Diplomacy and Trade 13

■ Master of International Business 14

Accounting, Banking and Finance

■ Graduate Diploma in Accounting 15

■ Master of Professional Accounting 15

■ Master of Professional Accounting (Advanced) 15

■ Master of Business (Accounting) 16

■ Master of Business (Banking and Finance) 17

Economics, Health Economics and Econometrics

■ Graduate Diploma in Applied Econometrics 19

■ Master of Applied Econometrics 20

■ Master of Business Economics 21

■ Graduate Diploma in Economic Studies 21

■ Graduate Certificate in Pharmacoeconomics 23

■ Graduate Diploma in Health Economics and Policy 23

■ Master of Public Health (Health Economics specialisation) 24

Management

■ Master of Business Administration (MBA) 25

■ Graduate Diploma in Human Resource Management 26

■ Master of Human Resource Management 27

■ Master of Public Policy and Management 29

Marketing

■ Master of Advanced Marketing 31

Double masters degrees

■ Master of Applied Finance/ Master of Applied Econometrics 32

■ Master of Applied Finance/ Master of Business (Accounting) 33

■ Master of Business (Accounting)/ Master of Business Law 34

■ Master of Professional Accounting/ Master of Business Law 35

■ Master of Business/ Master of Professional Accounting 36

■ Master of Journalism/ Master of Business 37

■ Master of International Business/ Master of European and

Entry requirements and fees 43–45

Contact details Back cover

Contents

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reputation for excellence in research across a diverse range of

business interests Our research has the scale, capability and

business links that influence national agendas and shape business

and professional practice, and this expertise is also translated directly

into our teaching programs – ensuring all our disciplines lead the way

in business education From policy analysis to financial derivatives,

or health economics to industrial relations, our breadth and depth of

research knowledge are of international standing The faculty also

provides a stimulating and supportive research training environment

to its 350 plus research students

Research degrees

The Faculty of Business and Economics strives to provide an

appropriate environment for both the personal and intellectual

development of its postgraduate research students, who make such

a significant contribution to the research effort of the faculty

The calibre, enthusiasm and dedication of the faculty’s 500 academic

staff ensure that postgraduate teaching and research activities are

current, relevant and rewarding By the application of knowledge,

the faculty adds significant value to the university’s overall research

reputation and strategy and contributes to the scholarly, social and

commercial development of Australia and its global trading partners

Faculty Research Office

The Faculty of Business and Economics Research Office provides

a range of student services and seeks to enhance the quality of the

postgraduate experience as well as providing information and advice

to current and prospective students

If you are considering a research degree, please contact:

Faculty Research Office

Telephone: +61 3 9905 2483

Email: buseco-research.degrees@monash.edu

For more information on research in the faculty and how to apply to

undertake a research degree, visit

www.buseco.monash.edu.au/research/index.html

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Master of Philosophy

The degree of Master of Philosophy (MPhil) signifies the completion of

a course of postgraduate training in research under proper academic

supervision, and submission of a thesis that external examiners

have declared to be a contribution to knowledge, demonstrating the

candidate’s capacity to carry out independent research

While it is not necessary that an MPhil thesis would make a major

contribution to the discipline by way of new knowledge (as a PhD

would require), an MPhil thesis would be expected to make a

contribution to an existing body of knowledge, by applying, clarifying,

critiquing or interpreting that knowledge

The principal component of the MPhil is a thesis of up to 50,000

words, embodying the results of a research project The thesis

is written under direct supervision of a member of the academic

staff Together with a supervisor, each candidate is responsible

for developing the research program to be followed and should

be designed to take no more than 2 years of full-time equivalent

candidature

The Master of Philosophy also includes a coursework component,

according to the academic discipline, for those students interested in

upgrading to the Doctor of Philosophy

Campus: Berwick, Caulfield, Clayton, Gippsland, Malaysia, Peninsula

Duration: 2 years (full-time)

Intake: Anytime Economics – semester one only

Entry requirements: Applicants require one of the following:

■ a first-class or upper second-class honours degree requiring at

least four years of full-time study, and which includes a research

component in the fourth year, or

■ a course leading to a masters preliminary qualification, at a

level rated by the relevant department, faculty and university

committees to be equivalent to a first-class or upper

second-class honours degree

Doctor of PhilosophyThe degree of Doctor of Philosophy (PhD) at Monash University signifies that the holder has completed a course of postgraduate training in research under proper academic supervision, and has submitted a thesis that external examiners have declared to be a significant contribution to knowledge, and that demonstrates the candidate’s capacity to carry out independent research

The principal component of the PhD is a major thesis of up to 100,000 words, embodying the results of a research project Course work and training will be a component in a number of disciplines across the faculty

Campus: Berwick, Caulfield, Clayton, Gippsland, Malaysia, Peninsula Duration: 3–4 years* (full-time), 8 years (part-time)

Intake: Anytime Economics – semester one only Entry requirements: Applicants must have completed one of the

following for admission to the PhD program:

■ a first-class or upper second-class honours degree requiring at least four years of full-time study, and which includes a research component in the fourth year, or

■ a course leading to a masters preliminary qualification, at a level rated by the department, faculty and university committees as equivalent to a first-class or upper second-class honours degree, or

■ a masters degree including a significant research component, equivalent to an honours degree

* Scholarships are generally only awarded for a maximum duration of three years

Research Degrees

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and Commerce

The Postgraduate Diploma in Economics and Commerce provides

a fourth year of study, equivalent to an honours year, for students

who wish to undertake a higher degree by research but do not have

the research background required to meet the admission criteria

Applicants require an Australian bachelors degree or an equivalent

qualification with a major in the proposed discipline area of study

and a Weighted Average Mark (WAM) of 65% or an equivalent Grade

Point Average (GPA) as determined by the faculty Applicants will be

ranked and selected based on their entire academic record

Students who successfully complete the Postgraduate Diploma in

Economics and Commerce with a grade average of 70% (HIIA) or

above may be eligible to apply for admission to the MPhil or PhD

programs No credit for work done previously is available in this

postgraduate diploma

The Postgraduate Diploma is comprised of studies in research

methods, a research project, and a combination of core and elective

honours units determined by area of specialisation The number and

ratio of core and elective units will vary according to area of study The

award requires completion of 48 credit points and is equivalent to 1

year of full-time study

Study programs are available in the following areas:

Alternative coursework pathways

The faculty also offers a range of coursework programs which may

serve as a pathway to a research degree These selected courses

may be designed to include a significant research component and

a minimum distinction grade is required in order to meet the HIIA

equivalence requirement for admission to a research degree Please

accounting, banking and finance masters students with research skills and the ability to address theoretical and practical issues in their discipline This program is a pathway to PhD candidature for those who achieve a distinction average throughout the course

Upon successful completion of a first masters program, you may be eligible for block credit: eg 12-unit Master of Professional Accounting for which you may receive 72 credit points towards the Master of Business (Honours)

You will encounter learning and teaching environments with a strong research focus, where they are encouraged to become independent learners Learning activities and approaches will vary across the units offered and will comprise a range of lectures, seminars, tutorials and workshops Assessment tasks encompass a variety of methods including article critiques, team work, verbal and written presentations, report writing, case studies and examinations

On-campus, Caulfield

Master of Business (Honours)

5 semesters full-time

Course code 4416

Entry requirements

An Australian bachelor degree or an equivalent qualification with a major in accounting, finance or risk management and a Weighted Average Mark (WAM) of 70% or an equivalent Grade Point Average (GPA) as determined by the faculty.

Applicants will be ranked and selected based on their entire academic record.

Course structure 17 units5 core units

12 elective units

The following 3 units:

Research methods Research design and analysis Research dissertation

Plus 2 units from the following:

Advanced modelling in finance Issues in accounting information systems Issues in auditing and assurance Issues in corporate finance Issues in financial accounting Issues in banking

Issues in management accounting

Electives Twelve graduate units offered by any department in the

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Over time, ambitions and goals can change You may be seeking

to increase your level of expertise in a particular area, or you may

want to change the direction of your career We have designed a

range of programs that will help you get the business knowledge

or professional accreditation you need to make those transitions

Whatever your background, Monash Business and Economics

programs will help you to get where you want to go

Whether new to the workforce or a seasoned professional, the

Faculty of Business and Economics offers graduate programs that

can be tailored to your needs

Our coursework programs are offered both on and off campus, with

some delivered in a blended mode Whilst off campus learning can

have its advantages, we find that the sharing of experiences through

discussion and debate in traditional classes can be just as valuable

as the program’s academic content

Some courses include a research stream, which is a prerequisite if

you are intending to undertake a PhD

COURSEWORK PROGRAMS

Choosing your Masters by Coursework program

The following table provides an overview of the audience courses are aimed at This does not necessarily reflect entry requirements You are able

to apply for entry into any course you prefer, depending on the entry requirements Entry requirement details are provided on pages 43-45

Extend your undergraduate major(s)

These courses offer you the opportunity to learn more about an area you specialised in during your undergraduate studies.

Gain new expertise

These courses enable you to gain new expertise by studying an area of specialisation not undertaken in your undergraduate studies.

Aimed at early career professionals

(0 – 2 years work experience)

Master of Applied Econometrics Master of Business Economics Master of Economics Master of Public Health (Health Economics specialisation) Master of Advanced Marketing

Aimed at experienced

professionals

(min 2 years work experience)

Master of Business (Accounting) Master of Business (Science and Technology) Master of Applied Finance

Master of Applied Econometrics Master of Business Economics Master of Public Health (Health Economics specialisation) Master of Human Resources Management

Master of Management Master of Public Policy and Management Master of Advanced Marketing MBA (5+ years work experience)

Master of Business Law Master of Diplomacy and Trade Master of International Business Master of Human Resources Management Master of Management

Master of Public Policy and Management Master of Marketing

Master of Professional Accounting Master of Professional Accounting (Advanced) MBA (5+ years work experience)

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Master of Business

The Master of Business is an industry-focused, flexible option in

postgraduate studies, which is specifically designed for early career

professionals who wish to refine their business skills and advance to

the next stage in their career With a strong emphasis on personal

development and a flexible program structure, you are able to build a

personalised business degree, with the option to specialise in one of

six areas

You may be a graduate from another discipline who wishes to

develop comprehensive business skills, either to enter the corporate

environment or progress to management within your field, or a

business graduate seeking to develop and extend your skills in a

specific discipline

The program requires completion of six core units of which four

are from among the major business disciplines underpinning the

program’s learning outcomes, and two are from the areas of personal

development, corporate responsibility and business ethics The six

elective units enable you to tailor the course to your needs, with an

option of including a designated specialisation in selected areas of

contemporary importance The following specialisations, determined

by market demand and reflecting emerging trends, are currently

offered:

■ Advanced marketing (for those with a marketing major in their

undergraduate degree)

■ Information technology

■ Law and responsible business

■ Marketing (for those without a marketing major in their

Six elective units, up to two may be from other faculties

Six units selected from one of the specialisations

Master of Business

Master of Business (specialisation)

Information technology

The information technology specialisation allows you to build upon the core program with six units dealing with current practices and emerging strategies for the application of information technology

in business management You are introduced to management of the creation, storage, recall and dissemination of business records within organisation-wide frameworks and they will gain a high level of understanding of the processes of project management

Law and responsible business

Regulatory issues comprise an important part of the business environment Units in this specialisation provide you with an understanding of how legal and social responsibility considerations impact upon business decision-making

Marketing

The marketing specialisation allows you to build on the marketing major in your first degree with six marketing units that include a foundation unit in marketing, and a range of units that cover the central concepts from marketing These include buyer behaviour, integrated marketing communication, marketing research and assessing marketing performance

Risk management

The risk management specialisation allows you to build upon the core program with six units dealing with current practices and emerging strategies for the application of enterprise wide risk management (EWRM) in the complex business structures of today Students are introduced to the latest techniques and practices that allow the management of risk to be a value driver for business prosperity and survival via examination of ISO31000, the international standard for risk management

Supply chain management

The supply chain management specialisation allows you to build upon the core program with six units dealing with current practices and emerging strategies for improving supply chain performance The subjects can provide a focus on either the strategic management of supply chains or on the design and optimisation of supply chains

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On-campus,

Caulfield Master of Business3 semesters full-time, 6 semesters part-time

Aimed at Early career professionals

Entry

requirements

An Australian bachelor degree or an equivalent qualification,

or an executive certificate awarded by the Faculty of

Business and Economics, and a Weighted Average Mark

(WAM) of 55% or an equivalent Grade Point Average (GPA)

as determined by the faculty.

Applicants will be ranked and selected based on their entire

6 units from the area of specialisation or electives:

4 core units from the following:

Law and business decisions

Economics

Business and economic statistics

Accounting for business

Managing people and organisations

Marketing and the international consumer*

Advanced marketing communication**

* This unit should not be taken by students intending to complete the

Advanced Marketing specialisation and cannot be counted towards the completion of this specialisation.

**This unit is only available to students who have completed

the specified unit prerequisite or who have completed an undergraduate major in marketing.

1 core unit from the following:

Personal development – critical thinking and communication

Personal development – managing self and relationships

1 core unit from the following:

Business ethics in a global environment

Corporate social responsibility

Plus a further 6 electives:

Six units selected according to specialisation, or six units,

at least four of which must be from the Faculty of Business

and Economics, subject to course coordinator approval.

Specialisation

(6 units) in 1 of 6

areas

Advanced marketing*

The following 4 units:

Contemporary issues in marketing

Advanced business research methods

Advanced buyer behaviour

Advanced marketing communication

Plus 2 units offered by the Department of Marketing.

Not all marketing units can be counted toward the

Advanced marketing specialisation Students are advised to

speak to a course coordinator prior to selecting units.

* Applicants planning to undertake the Advanced marketing

specialisation require a major in marketing.

Information technology

6 of the following:

Project management e-Business

IT for management decision making Enterprise systems

IT strategy and governance Managing business records Services science Database systems design Information technology management

Law and responsible business

6 of the following:

Business law Law and business decisions Law and global business decisions Corporate governance

HR management law Taxation law Corporate environmental responsibility Marketing law

Marketing

6 of the following:

Marketing and the international consumer Marketing innovation and planning Assessing marketing performance Integrated marketing communication International marketing

Sustainable marketing Marketing research Relationship marketing Theory and process of buyer behaviour

Risk management

6 of the following:

Issues in risk management Case studies in risk management Principles of risk transfer Introduction to risk principles Risk financing and treasury management Insurance law for corporate insurance programs Law and business decisions

Quantitative methods for risk analysis

Supply chain management

6 of the following:

Advanced supply chain management Supply chain management Fulfilment and order management Business process modelling, design and simulation Re-engineering the organisation

e-business Services and operations management Managing innovation

Sustainable operations and supply chain management

or six electives Four of these units must be from the Faculty of Business

and Economics and 2 units may be from other faculties within Monash University.

The Master of Business can be combined with other masters

degrees, enabling you to graduate with two masters degrees:

■ Master of Business /Master of Professional Accounting

(page 36)

■ Master of Journalism/Master of Business (page 37)

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Graduate Diploma in Business The Graduate Diploma in Business is designed for students who wish

to extend their knowledge in general business principles and practice The program is flexible in structure, allowing you to take a number

of broad business units, or to take a sequence of units relating to a specific discipline

On-campus, Caulfield or off-campus

Graduate Diploma in Business

2 semesters full-time, 4 semesters part-time

or an executive certificate awarded by the Faculty of Business and Economics, and a Weighted Average Mark (WAM) of 55% or an equivalent Grade Point Average (GPA)

as determined by the faculty

Course structure 8 unitsA minimum of 6 units are taken from the Faculty of Business

and Economics Students intending to articulate into a coursework masters degree should include at least 4 core units from the relevant masters degree to ensure full credit Students should consult the course coordinator regarding specific choice of units.

Graduate Certificate in Business

This four-unit course may be undertaken as a stand-alone award or

as a pathway to a graduate diploma or masters degree It is designed

to enable you to experience an introduction to a variety of business

disciplines, or to tailor your unit selection to a specific area of interest

Students who successfully complete the Graduate Certificate in

Business with a minimum of a credit average (60%) may be eligible

for admission to a masters program within the Faculty of Business

and Economics

On-campus,

Caulfield or

off-campus

Graduate Certificate in Business

1 semester full-time, 2 semesters part-time

Course

structure 4 unitsStudents complete any four graduate level units from the

Faculty of Business and Economics.

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Master of Business

(Science and Technology)

Science is a major driver of economic growth and development

Australia and other countries in the Asia-Pacific region are leaders in

scientific research but fall behind in converting research discoveries

into economic wealth This specialisation aims to assist students with

a science or technology background to commercialise leading edge

medical, scientific and research projects This course is equivalent to

three semesters of study and may be taken either in intensive mode

in one year, full-time in one and a half years or part-time Fees are

calculated at one and a half times the annual average fee

The course is offered by the Department of Management, which

works with scientists, students and business people throughout the

Asia-Pacific region on the transformation of science into wealth The

Department runs the novel core unit where you are engaged in a

year-long, real world commercialisation project

This course provides you with the knowledge to work as an

entrepreneur and manager in science-based start-up companies, in

science policy development, in project management and consulting,

and in research and development management

On-campus,

Caulfield

Master of Business (Science and Technology)

Can be taken in intensive mode (full-time over 1 calendar

year, February intake only).

Aimed at Early career or experienced professionals with a science or

technology background

Entry

requirements

An Australian bachelor degree or an equivalent qualification

with a major in science or technology and a Weighted

Average Mark (WAM) of 60% or an equivalent Grade Point

Average (GPA) as determined by the faculty.

academic record.

Course

structure 10 units (12 unit equivalent)Eight 6-point units

Two 12-point units

New venture finance

Law and business decisions

Economics

Commercialisation project (12 points)

Pathways from science to wealth (12 points)

Personal development – managing self and relationships

Accounting for business

Patenting for commercialisation

Foundations of marketing

Managing innovation

Elective units give you the opportunity to select units from another faculty You may be able to enhance your degree by completing units in areas such as:

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Master of Business Law*

In the past decade, issues such as globalisation, risk management,

compliance and deregulation have resulted in fundamental

changes to conventional career opportunities in both the business

and government sectors It is therefore an advantage for many

professionals to have knowledge and understanding of the legal

aspects of business and taxation issues The development of legal,

analytical and writing skills is also becoming increasingly important in

professional business practice

The Master of Business Law is an eight-unit program designed for

students who are seeking a postgraduate applied business law

qualification This course is of direct relevance to those involved

in professional practice or other advisory roles in the private or

government sectors, where knowledge of commercial law and the legal

environment is necessary The course will enhance relevant skills for

students seeking placements in legal, commercial and governmental

regulatory and compliance positions anywhere in the world

The Master of Business Law may be combined with other masters

degrees, enabling you to graduate with two masters degrees:

■ Master of Business (Accounting)/Master of Business Law

(page 34)

■ Master of Professional Accounting/Master of Business Law

(page 35)

Depending on units undertaken, you may elect to complete the

Master of Business Law, with significant credit, after completion of

another masters degree This option is only suitable for some courses

and consultation with the course coordinator is recommended

On-campus, Caulfield Master of Business Law2 semesters full-time

Aimed at Early career or experienced professionals seeking to gain

new expertise

Course structure

8 units The following 2 units:

Law and business decisions Final research project

Plus 4 units selected from the following:

Workplace taxation Investment taxation Corporate governance Comparative business law in Asia Labour relations law

Workplace negotiations Good governance and accountability in non-profit and social enterprises

Corporate environmental responsibility Intellectual property laws

International law and policy Law of marketing The globalisation of law and development in Asia Chinese business law

Financial services regulation International trade law Human resource management law Business law

Taxation law (prerequisite for taxation units) Insurance law

Electives Up to 2 other elective units may be chosen from those

offered by the department or other departments in the Faculty of Business and Economics Electives may be chosen from another faculty of Monash University with the approval of the course coordinator.

* This course does not qualify you to act as a solicitor or barrister.

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Master of Diplomacy and Trade

The Master of Diplomacy and Trade is designed to meet the training

and professional development needs of those who are in the fields of

international trade, diplomacy, economics, international development,

international law and contemporary politics The program provides

formal academic study across a range of disciplines relevant to the

needs of organisations operating in the global environment

The program suits the needs of individuals working or seeking to work

in the government sector engaged in the implementation and provision

of policy advice in the areas of foreign affairs, trade, international

development and business related issues In the private sector, the

course is designed for individuals who are operating, or seeking to

work, in an international capacity in both the corporate or NGO sector

Career opportunities

The program prepares you to further your career in the diplomatic

service as well as in international organisations, government

departments, NGOs and multinational corporations where an

understanding of international relations, politics, economics and trade

are essential

The program appeals to individuals who presently work, or intend to

work, in the following areas:

Government sector – Diplomatic, trade, and other departmental

staff working in government and involved in the implementation and

provision of policy advice in the areas of foreign affairs, trade and

economic issues and international development

Non-government organisations (NGOs) – Individuals who work in

non-government organisations in the area of international development

and require a greater insight and understanding of the international

environment and its effect on the work they seek to administer

Non-government sector – Individuals working in the corporate

environment and who are particularly involved in international

operations/management where a greater understanding of the

international political, economic and trade issues that can potentially

affect their business environment is required

Research pathway

Students wishing to undertake a research pathway will complete the

following units as a part of their elective structure:

■ Introductory management research methods

■ Research report (introduction)

■ Research report

Minimum grades apply For more information on research degree entry

requirements please see page 5

On-campus, Caulfield or off-campus

Master of Diplomacy and Trade

new expertise

An Australian bachelor degree or an equivalent qualification and a Weighted Average Mark (WAM) of 55% or an equivalent Grade Point Average (GPA) as determined by the faculty.

Applicants will be ranked and selected based on their entire academic record

Electives Six units – 2 of these electives may be from other faculties

of Monash University A research pathway is available with the approval of the course coordinator.

Diplomacy and Trade combines an exploration of theoretical and practical approaches to international trade with

a broader discussion on the challenges

of policy making, statecraft and international relations The coursework was often challenging, but entirely manageable Monash pushes students to grasp concepts and ideas, rather than to memorise and regurgitate facts and that makes for a workload that is as deep and engaging as you want it to be Discussions with fellow students and faculty, conducted

as part of every class offer a chance

to really explore ideas and concepts,

a privilege one rarely experiences in a large undergraduate environment The Diplomacy and Trade course not only gave me the tools and credentials I needed to put up a successful candidacy for my current position, but has also proven invaluable in preparing me for the myriad of complex issues that constitute modern foreign affairs I can heartily and unreservedly recommend MDT, whether you want to build a career or your own understanding of the international sphere

Dmitry Grozoubinski Desk Officer, Department of Foreign Affairs and Trade

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Master of International Business

The International Business program will equip you with knowledge

about business and management issues from a global perspective

Graduates leave with the tools needed to assist their companies

in the internationalisation process and acquire vital skills in

communicating and negotiating across cultures You will develop

the capacity for high-level analysis of firm internationalisation,

international trade, investment, strategy and management, and gain

an appreciation of the multinational firm, its environment and the

activities of the international manager

Career opportunities include manufacturing or service firms with

international activities, export and trade agencies, government

institutions, NGOs, international organisations, joint ventures, foreign

subsidiaries, travel and tourism, consulting, research, and more

Research pathway

Students wishing to undertake a research pathway will complete the

following units as a part of their elective structure:

■ Introductory management research methods

■ Research report (introduction)

■ Research report

Minimum grades apply For more information on research degree

entry requirements please see page 5

On-campus, Caulfield and Sunway Malaysia

Master of International Business

new expertise

An Australian bachelor degree or an equivalent qualification, or an executive certificate awarded by the Faculty of Business and Economics, and a Weighted Average Mark (WAM) of 55% or an equivalent Grade Point Average (GPA) as determined by the faculty Applicants will be ranked and selected based on their entire academic record.

Course structure 12 units

International business theory and practice Marketing and the international consumer

Electives Four units – 2 of these electives may be from other

faculties of Monash University A research pathway is available with the approval of the course coordinator.

‘My masters degree took me out of the

comfort zone I had carved for myself over

my professional career to date and opened

my eyes to some pretty alarming global

issues It was always my intention to make

a career change after completing the MIB

and I now feel both inspired and better

equipped to make that change.

‘Because of the growing diversity in the

workplace over the last decade the MIB

is hugely relevant to anyone who works

in business today, not just those posted

overseas or working for a multinational

enterprise It improves your awareness of

strategic, economic, legal, financial,

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eco-Professional Accounting Programs

Today’s accountants are in great demand and working across a

variety of industries Accountants must possess sound numerical

and analytical skills along with strong communication and people

skills Accounting is fundamental to any organisation; after all, it’s the

language of business Many executives working at senior levels hold

accounting qualifications

We are committed to ensuring that your education provides not only

professional competence, but also a portfolio of intellectual skills and

attributes that will enhance your career long after graduation

Our Professional Accounting degrees are designed to equip students

from non-accounting backgrounds with knowledge and skills in

accounting and related fields Graduates who wish to pursue a career

in accounting may gain employment in a variety of organisations – in

public practice, the public sector and the private sector

The eight-unit Graduate Diploma in Accounting course is designed

for students with a bachelors degree in a field other than accounting

who wish to obtain a sound introduction to accounting concepts and

procedures and professional recognition Students who successfully

complete the graduate diploma may apply for admission to the

Master of Professional Accounting or the Master of Professional

Accounting (Advanced)

Accounting, Banking and Finance

The Master of Professional Accounting is a 12-unit degree while the Master of Professional Accounting (Advanced) is a 16-unit degree Both will extend your knowledge enabling you to acquire a deeper understanding and a wider range of skills

Professional accounting accreditation

On completion of the Graduate Diploma in Accounting or the Master

of Professional Accounting degrees, subject to elective choices, graduates may satisfy educational requirements for associate membership of CPA Australia and the Institute of Public Accountants (IPA) and entry to the Chartered Accountants Program of The Institute

of Chartered Accountants in Australia (ICAA)

Becoming a member of a professional body is a great career move and gives you an internationally recognised and respected business qualification See www.buseco.monash.edu.au/esg/asu/

publications/professional-recognition.html for more information

regarding professional accreditation

Students seeking membership of the professional bodies are advised

to consult the course coordinator to ensure their choice of units form

a coherent study pattern

On-campus,

Caulfield Graduate Diploma in Accounting2 semesters full-time, 4 semesters part-time Master of Professional Accounting

4 semesters full-time , 8 semesters part-time

Aimed at Early career or experienced professionals seeking to gain accounting expertise

Course code 0748 0790 0826

Entry

requirements

An Australian bachelor degree or an equivalent qualification in a non-accounting discipline, or an executive certificate awarded by the Faculty of

Business and Economics, and a Weighted Average Mark (WAM) of 55% or an equivalent Grade Point Average (GPA) as determined by the faculty.

8 units selected from the following: 7 core units: 7 core units:

Personal development – critical thinking and

Plus a further 3 graduate level units from the remaining units listed above and/or from units offered by any department in the Faculty of Business and Economics.

Plus 7 graduate level units from the remaining units listed above and/or from units offered by any department in the Faculty of Business and Economics.

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Master of Business (Accounting)

This masters degree is designed to enhance and develop the

knowledge and skills of accounting graduates who are working, or

aspire to work, in public practice and the government and private

sectors The Master of Business (Accounting) provides you with

advanced knowledge and skills in the areas of financial accounting,

management accounting, accounting information systems and

forensic accounting

This course has a flexible structure that enables you to construct a

program that best suits your career aspirations and obtain the skill

set required to successfully operate as a specialist in the accounting

profession You may choose, for examples, an elective stream

that focuses on accounting information systems, forensic studies,

management, marketing or business and taxation law

Career opportunities are extensive with future employment in a

variety of industries Employment opportunities may range from

public accounting practice, including areas of auditing, taxation,

management consulting business services and receivership to

commercial and government organisations in roles such as treasury,

internal audit, strategic business planning, financial reporting and

management accounting

Graduates may satisfy the educational components for the relevant

memberships For further information, go to www.buseco.monash.

edu.au/esg/asu/publications/professional-recognition.html

On-campus, Caulfield Master of Business (Accounting)3 semesters full-time, 6 semesters part-time

Aimed at Early career accounting professionals

An Australian bachelor degree or an equivalent qualification with a major in accounting and a preferred Weighted Average Mark (WAM) of 60% or an equivalent Grade Point Average (GPA) as determined by the faculty.

6 elective units

The following 5 core units:

Advanced strategic management accounting Financial statement analysis and business valuation Financial reporting issues

Forensic accounting and fraud examination Integrated systems for business enterprises

Plus 1 core unit from the following:

Personal development – critical thinking and communication Personal development – managing self and relationships

Electives Two further units offered by the Department of Accounting

and Finance, and four graduate-level units offered by any department or faculty, subject to the approval of the course coordinator.

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Master of Business

(Banking and Finance)

Banking and finance are important and strategic functional elements

of business and professionals working in these key areas make

a critical and active contribution to public and private sector

organisations worldwide

Finance, like accounting, has experienced tremendous growth both

in Australia and overseas Financial service employers are now

keen to employ people with theoretical and practical knowledge

and, in particular, diverse skills Clients anticipate and demand the

best professional practice available from finance professionals in

corporations and financial institutions, and in the superannuation,

securities and mutual funds industries

The Master of Business (Banking and Finance) is designed to provide

you with the knowledge and skills required to operate successfully

as a professional in the banking and financial services sector It

offers those who do not have a finance or business background

the opportunity for a career-entry qualification into this discipline

Students who attain a credit average on completion of the Master of

Business (Banking and Finance) may be eligible to articulate into the

Master of Applied Finance

The course covers the core areas of capital markets, derivative

products, portfolio management, business finance and financial

management Elective units can be chosen from a wide range of

specific areas of interest, allowing for flexibility and movement into

specific areas in finance and business related areas

The strong reputation of our Master of Business (Banking and

Finance) program means that graduates are sought after by banks,

insurance companies and other financial institutions, financial

consultancy firms, large corporations both in Australia and overseas,

and by government regulatory bodies

On-campus, Caulfield Master of Business (Banking and Finance)3 semesters full-time, 6 semesters part-time

Aimed at Early career professionals seeking to gain new expertise in

banking and finance

in a non-finance discipline, or an executive certificate awarded by the Faculty of Business and Economics, and

a Weighted Average Mark (WAM) of 60% or an equivalent Grade Point Average (GPA) as determined by the faculty Applicants will be ranked and selected based on their entire academic record.

6 elective units

6 core units:

Financial planning Options, futures and risk management Financial management theory Australian capital markets Portfolio management and theory Personal development – critical thinking and communication

Electives Six graduate units offered by any department within the

Faculty of Business and Economics including at least four units at 5000 level It is recommended that students consult with the course coordinator regarding elective unit selection

as some restrictions apply.

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Master of Applied Finance

The Master of Applied Finance provides finance career professionals

with advanced learning and a postgraduate qualification to pursue

a long term career in finance This degree is designed for Business

or Commerce graduates with a major in finance The intent of the

course is to attain mastery in finance and it therefore provides a

higher technical level of skill in quantitative and qualitative finance

Theory, technical and advanced industry methods are presented

from an applied perspective, focusing on providing you with the

skills to analyse, critically evaluate and make financial decisions and

recommendations in an ethical manner applicable to the real world

Units include sessions by industry professionals who draw on

contemporary practice, quantitative research projects, and practical

experience such as simulated financial trading in the Accounting and

Finance Simulated Teaching and Research Laboratory (STARLab)

This integrated learning approach is consolidated with the capstone

unit of specially selected case studies in finance

* Requires completion of appropriate CFA level exams.

On-campus, Caulfield Master of Applied Finance2 semesters full-time, 4 semesters part-time

Aimed at Early career or experienced finance professionals

Entry requirements*

An Australian bachelor degree with a major in finance or

an equivalent qualification with a Weighted Average Mark (WAM) of 65%, or an equivalent Grade Point Average (GPA)

as determined by the faculty, with due consideration given to relevant employment experience

Course structure

Case studies in finance Financial econometrics

Plus 2 units from the following:

Financial planning Options, futures and risk management Global banking institutions and issues Financial statement analysis and business valuation Money market dealing

Institutional asset and liability management Credit risk modelling

Advanced financial planning Mergers and acquisitions International study program in banking and finance Applied financial econometrics

Modelling in finance and insurance Business forecasting

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Graduate Diploma of

Applied Econometrics

This eight-unit course provides an opportunity for you to enhance

your quantitative skills and be equipped to undertake other rigorous

postgraduate coursework programs in business It offers a wide

breadth of knowledge and will provide you with the quantitative tools

and expertise required to carry out regression analysis, forecasting

and financial market analysis You will also acquire the ability to take

responsibility for designing and implementing applied econometric

projects and be able to proficiently communicate the results to wider

audiences Such skills are extremely attractive to the business and

finance community

With both the business and government sectors being inundated

with data, the ability to analyse this data to produce information

that is valuable, is more highly sought after than ever before For

employers who are looking for a marketing graduate for example,

to find that they also have a postgraduate in econometrics, is highly

desirable Some examples of business sectors that value analytical

abilities include banking, insurance, pharmaceutical, telcos, aviation,

hospitality, healthcare, logistics and superannuation

Economics, Health Economics and Econometrics

On-campus, Caulfield

Graduate Diploma in Applied Econometrics

as determined by the faculty Applicants would normally require a credit or equivalent in an introductory statistics unit

at tertiary level

Course structure 8 units1 core unit

5 units selected from prescribed lists

2 elective units

Core unit:

Introductory econometrics

Plus 1 of the following:

Mathematics for economics and business Mathematics for business

Plus 4 of the following, including at least one of those marked with an asterisk (*):

Actuarial statistics Applied forecasting for business and economics Probability and statistical inference for economics and business

Principles of econometrics Applied econometrics Bayesian modelling and risk analysis Time series analysis for business and economics Financial econometrics

Business modelling Data analysis in business Business forecasting Quantitative methods for financial markets*

Quantitative models for business research*

Electives Two electives taken from Business and Economics or from

another faculty

* Due to unit prerequisites, students with no prior economics or statistics knowledge may need to take more than two semesters to complete this course.

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Master of Applied Econometrics

This course is offered as a coursework plus research project degree

aiming to provide you with the skills and research experience required

for applied econometric projects in economics, business and finance

The program offers a comprehensive curriculum including units in

applied econometrics, time series analysis, financial econometrics,

microeconometrics and econometric theory

Graduates of the program will be equipped to design and implement

applied econometric projects for government and business sectors

You will have skills that can be used across a broad range of disciplines

including economics, finance, market research and credit risk

management You will also have the necessary quantitative skills to

undertake higher degrees by research*

* Minimum grades apply For more information on research degree entry

requirements please see page 5.

Graduates of the program are well prepared for professional careers in which econometrics is applied to quantitative analysis of many kinds of problems in economics, market research, finance, risk management, international business and many other areas Econometric skills are

in high demand in both private and public sectors For example, the Australian Bureau of Statistics and the Treasury, in the public sector and financial institutions (bank and insurance companies) and in business consultancy firms in the private sector

Caulfield Master of Applied Econometrics

Aimed at Early career or experienced professionals seeking to extend

their econometrics expertise

or an executive certificate awarded by the Faculty of Business and Economics, with a Weighted Average Mark (WAM) of 65% or an equivalent Grade Point Average (GPA)

as determined by the faculty Applicants must have achieved

a credit or equivalent in an introductory multiple regression unit at tertiary level.

6 units selected from a prescribed list

3 elective units

Core units:

Applied econometrics Research project

Mathematics for economics and business Mathematics for business

Quantitative methods for financial markets Quantitative models for business research

Four of the following, including at least one of those marked an asterisk (*):

Econometric theory Applied econometrics 2 Microeconometrics Financial econometrics 2 Optimisation for management Research topics in econometrics

‘A Masters in Applied Econometrics is very

well regarded in the job marketplace I

was offered several jobs in banking – even

during the biggest downturn in memory

Econometrics is an instant indicator of

quantitative skills that are highly valued, and

quite rare, giving you more freedom and

more options.

‘After some time in the workplace I

discovered that professionalism in a

certain discipline is a big advantage Being

a ‘generalist’ only gets you so far I felt

my career was drifting, and my previous

employer encouraged everyone to

professionalise through further study I chose

Monash because of the reputation of the

university as a whole, and the Department of

Econometrics in particular.

I really enjoyed doing the special reading unit

with Bill Zhang The great thing about this

unit is you basically set your own topics Of

all the things I learnt during the course, this

unit was the most relevant to my current job.

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Master of Business Economics

The Master of Business Economics is designed to enhance the

professional development and skills required for analysing and

assessing the economic impact of policies and regulations on private

and government enterprises

The course will equip you with the analytical tools for decision making

in a wide range of domestic and international private business and

public agency environments

The course offers you the opportunity to explore such topics as:

■ industry analysis and business strategy

■ private and public project evaluation

■ regulation and competition policy

■ industrial organisation

■ impact of monetary and fiscal policy

Economics is one of the foundation departments of Monash University

The Department provides top level specialist advice to government

and private sector bodies in Australia and internationally It has

developed advisory contacts in the Asia-Pacific Region, as well as

close connections with prestigious academic and policy formulating

institutions in China, Europe and the United States

The Master of Business Economics promotes your career prospects in

the public sector – government departments, allied agencies, NGOs –

as well as the private sector in consulting firm, research departments in

banks and financial institutes as well as market research firms

On-campus,

Caulfield Master of Business Economics3 semesters full-time, 6 semesters part-time

Aimed at Early career or experienced professionals seeking to extend

their economics expertise

Entry

requirements

with a major in economics and a Weighted Average Mark

(WAM) of 60% or an equivalent Grade Point Average (GPA)

Applied economics issues research paper

Game theory and business strategy

Special research topics in applied economics

Applied microeconomics

Applied macroeconomics

One quantitative unit approved by the course coordinator

Electives Six graduate level units – a maximum of 4 can be chosen

outside the field of economics from any faculty.

Graduate Diploma in Economic StudiesThis course is aimed at graduates of disciplines other than economics and commerce, graduates who have studied only the equivalent of first-year economics or economics/commerce graduates of more than ten years’ standing It is designed to provide you with a sound understanding of economics and economic statistics issues and their function in the business world Specialisations in economics and econometrics are available

Students who achieve a high standard will be able to progress to further graduate work

On-campus, Clayton

Graduate Diploma in Economic Studies

2 semesters full-time*

An Australian bachelor degree or an equivalent qualification and a Weighted Average Mark (WAM) of 55% or an equivalent Grade Point Average (GPA) as determined by the faculty It is preferred that applicants have successfully completed year 12 mathematics or equivalent

Economics stream Econometrics stream Course

structure 8 units3 core units

of Economics or the Department of Econometrics and Business Statistics Some year level restrictions apply.

Four units from a prescribed list plus a further 2 units selected from second or third-year units available in the Bachelor of Economics degree.

* Due to unit prerequisites, students with no prior economics or statistics knowledge may need to take more than two semesters to complete this course.

**Due to the sequential nature of Microeconomics and Macroeconomics, students will not be able to take all the core units in the first semester of their course.

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Master of Economics

The Master of Economics provides training in advanced applied

economic tools and experience in undertaking independent research

The program is aimed at early career economists, and recent

graduates, who wish to acquire the skills needed to practice as

professional economists conducting original and independent

research The course also provides a pathway to undertake further

study at the PhD level

An Honours degree is not a prerequisite for entry and the Masters of

Economics can be studied part time while working full time

This is a research-led coursework masters and you will be expected

and encouraged to present your research ideas and concepts in a

public setting Unit assignments and exams will measure your ability

to use advanced applied economic tools and understand advanced

concepts The course content and outcomes are directly informed

by and reflect the current and ongoing research engagement of the

lecturing staff

Graduates will have the opportunity to work as professional

economists conducting rigorous and independent economic analysis

for the public sector, mainly in government departments and allied

agencies as well as NGOs, and the private sector, in consulting firms,

research departments in banks and finance houses, and market

research firms Alternatively, graduates can go on to a higher degree

(PhD) by research

On campus, Clayton Master of Economics2 years full-time, 4 years part-time

Aimed at Early career professionals seeking to extend their

economics expertise

An Australian bachelor degree or an equivalent qualification with a major in economics or in a mathematical or quantitative discipline, or the economics stream in the Graduate Diploma in Economic Studies awarded by Monash University, and a Weighted Average Mark (WAM) of 70% or an equivalent Grade Point Average (GPA) as determined by the faculty

Applicants will be ranked and selected based on their entire academic record

5 elective units

9 core units:

Microeconomics Macroeconomics Research paper Microeconomic theory Macroeconomic theory Mathematical economic theory Economics research paper (12 points) Two econometrics units approved by the course coordinator

Electives Plus 3 units from the following list:

Development economics International trade policy Competition, regulation and policy Post-Keynesian economics Law and economics Project evaluation Public economics Welfare economics Economics of industry, institution and organisation Health economics

Economic evaluation of health services Quantitative economic policy

Plus 2 units from the following list:

Public economics Information, incentives and games

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