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Business and Economics
Graduate Business
Programs 2013
www.buseco.monash.edu.au
Australia
■
China
■
India
■
Italy
■
Malaysia
■
South Africa
Applications
Applications for postgraduate coursework programs can be made online at
www.adm.monash.edu.au/admissions/applyonline-instruct.html
Applications for a Masters by Research (MPhil) or a Doctoral Degree (PhD) can be made online at
www.buseco.monash.edu.au/research/student/future/apply/
Closing dates
Entry: Semester 1 2013 On-campus programs 31 January 2013
Off-campus programs 5 January 2013
Entry: Semester 2 2013 On-campus programs 30 June 2013
Off-campus programs 31 May 2013
MBA application closing date 11 January 2013
There is no closing date for the MPhil or PhD.
1
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
2
The Faculty of Business and Economics offers a variety of graduate
programs for students of varying backgrounds and aspirations. The
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.
Coursework program progression
Most masters degrees offered by the Faculty of Business and
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
Our Programs
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.
2
3
RESEARCH PROGRAMS
Research degrees
■ Master of Philosophy 5
■ Doctor of Philosophy 5
Pathways to a higher degree by research
■ Postgraduate Diploma in Economics and Commerce 6
■ Master of Business (Honours) 6
COURSEWORK PROGRAMS
Choosing your coursework program 7
Business
■ Master of Business 8-9
■ Advanced Marketing
■ Information Technology
■ Law and Responsible Business
■ Marketing
■ Risk Management
■ Supply Chain Management
■ Graduate Certificate in Business 10
■ Graduate Diploma in Business 10
■ Master of Business (Science and Technology) 11
■ Master of Business Law 12
■ 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
■ Master of Applied Finance 18
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
■ Master of Economics 22
■ 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 Management 28
■ Master of Public Policy and Management 29
Marketing
■ Master of Marketing 30
■ 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
International Studies 38
Pathway programs
■ Executive Certificate in Business 39
Student development 40
Off-campus programs 41
General information 42
Entry requirements and fees 43–45
Contact details Back cover
Contents
4
Excellence in research
The Faculty of Business and Economics has developed a strong
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.
RESEARCH PROGRAMS
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
5
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 Philosophy
The 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
6
Postgraduate Diploma in Economics
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:
■ Accounting
■ Econometrics
■ Economics
■ Finance
■ Management
■ Marketing
For more information on pathways to a higher degree by research,
contact:
Graduate Studies Office
Telephone: +61 3 9903 1400
Email: buseco-postgrad@monash.edu
www.buseco.monash.edu.au/postgrad/programs/offerings
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
see www.mrgs.monash.edu.au/ scholarships/selection/
autoh2aemonash.html for specific information regarding HIIA
equivalence.
For more information on research degrees, contact:
Faculty Research Office
Telephone: +61 3 9905 2483
Email: buseco-research.degrees@monash.edu
www.buseco.monash.edu.au/research/student/future/degree
Pathways to a Higher Degree by Research
Master of Business (Honours)
This honours program is designed to equip high achieving
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 units
5 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
Faculty of Business and Economics including at least six
units at level-4000 or 5000 and at least six units offered
by the Department of Accounting and Finance.
7
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 Business
■ Advanced Marketing
■ Information Technology
■ Law and Responsible Business
■ Risk Management
■ Supply Chain Management
■ Research Specialisation
Master of Business (Accounting)
Master of Business (Science and Technology)
Master of Applied Finance
Master of Applied Econometrics
Master of Business Economics
Master of Economics
Master of Public Health (Health Economics specialisation)
Master of Advanced Marketing
Master of Business
■ Information Technology
■ Law and Responsible Business
■ Marketing
■ Risk Management
■ Supply Chain Management
■ Research Specialisation
Master of Business Law
Master of Diplomacy and Trade
Master of International Business
Master of Professional Accounting
Master of Professional Accounting (Advanced)
Master of Business (Banking and Finance)
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)
8
COURSEWORK PROGRAMS
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
undergraduate degree)
■ Risk management
■ Supply chain management
Course Overview
Business
This program provides students with:
■ an advanced level of attributes in written and oral
communication, information literacy, self direction, teamwork,
global outlook, moral and social responsibility, curiosity and
creativity
■ an understanding of contemporary issues within the various
disciplines of local and global business
■ knowledge and skills associated with understanding and
applying business theory, concepts and practice locally,
regionally, internationally and globally
■ the capacity to interpret and communicate research findings;
and advanced analytical skills.
Four units
from the major
business
disciplines
Two units
from personal
development
and business
ethics
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)
OR OR
Areas of Specialisation
Advanced marketing
The advanced marketing specialisation allows you to build on the
marketing major in your first degree with six marketing units that
extend and broaden marketing knowledge. These include advanced
units in contemporary issues in marketing, business research
methods, buyer behaviour and marketing communication.
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.
[...]... 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*... impact of policies and regulations on private and government enterprises This 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... 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 9 COURSEWORK PROGRAMS Business Graduate Certificate in Business Graduate Diploma in Business This four-unit course may be undertaken as a stand-alone award or as a pathway to a graduate diploma or masters... 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 Any fourth year unit offered by the Department of Economics and. .. 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 18 Economics, Health Economics and Econometrics Graduate. .. 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 21 COURSEWORK PROGRAMS Economics, Health Economics and Econometrics Master of Economics The Master of Economics provides training in advanced applied economic tools and experience... electives: Business law 4 core units from the following: Law and business decisions Law and business decisions Law and global business decisions Economics Corporate governance Business and economic statistics HR management law Accounting for business Taxation law Managing people and organisations Corporate environmental responsibility Marketing and the international consumer* Marketing law Advanced marketing... 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 three semesters to complete this course Master of Business Economics Graduate Diploma in Economic Studies The Master of Business Economics is designed to enhance the professional development and skills required for analysing and assessing... 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 0790 Master of Professional Accounting (Advanced) 4 semesters full-time , 8 semesters part-time 0826 15 COURSEWORK PROGRAMS Accounting, Banking and Finance... accounting Business finance Business finance Business finance Management accounting Management accounting Management accounting Advanced financial accounting Advanced financial accounting Advanced financial accounting Business and corporations law Business and corporations law Business and corporations law Personal development – critical thinking and communication Personal development – critical thinking and . Semester 1 2013 On-campus programs 31 January 2013
Off-campus programs 5 January 2013
Entry: Semester 2 2013 On-campus programs 30 June 2013
Off-campus programs. following:
Law and business decisions
Economics
Business and economic statistics
Accounting for business
Managing people and organisations
Marketing and the international
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