Victoria Business School Orauariki
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1 2016 Victoria Business School Orauariki
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3 Victoria has given me the tools and the confidence to start my own business in the future. I now know that I can make a difference. HEAR FROM KALLIE FRENCH AND OTHER STUDENTS ABOUT THEIR EXPERIENCE AT VICTORIA
4 Contents Welcome from the Dean...3 Experience Victoria Business School...5 Accreditation...6 Bachelor of Commerce...8 Bachelor of Tourism Management Other programmes...12 Commerce careers Frequently asked questions School of Accounting and Commercial Law School of Economics and Finance School of Government...31 School of Information Management School of Management...39 School of Marketing and International Business...45 Scholarships...50 Te Pūtahi Atawhai...50 Leadership development...51 Victoria Abroad Publications Admission Who to contact...54 Important notice: Victoria University uses all reasonable skill and care to ensure the information contained in this document is accurate at the time of being made available. However, matters covered by this document are subject to change due to a continuous process of review, and to unanticipated circumstances. The University therefore reserves the right to make any changes without notice. So far as the law permits, the University accepts no responsibility for any loss suffered by any person due to reliance (either whole or in part) on the information contained in this document, whether direct or indirect, and whether foreseeable or not. 2 Victoria University of Wellington
5 Welcome from the Dean Welcome to Victoria Business School (also known as the Faculty of Commerce) at Victoria University of Wellington. It is our policy to continually strive to provide highest-quality education where teaching and supervision are informed by the scholarship and research undertaken by our teaching staff. They are highly qualified, dedicated and enthusiastic; many are pre-eminent in their fields of research within New Zealand and have international reputations for the quality of their work. We have a strong commitment to teaching excellence and ensuring our students receive a well-rounded education. Recent national and international rankings of Victoria Business School provide evidence of the outstanding calibre of our staff and programmes. The current national Performance-Based Research Fund evaluation confirms that Victoria Business School is in the top rank of business schools in terms of our research capability. Accreditations from the leading business school accrediting organisations speak to the quality of Victoria Business School programmes and the University itself. Victoria Business School is one of 72 business schools worldwide that hold the triple crown of international accreditations: European Quality Improvement System (EQUIS), the Association to Advance Collegiate Schools of Business International (AACSB International) and the Association of MBAs (AMBA). We are also the first in New Zealand to have obtained accreditation from the AACSB in both Business and Accounting. Our Tourism Management programme has recently been reaccredited with the Tourism Education Quality Certification (TedQual) by the World Tourism Organisation and is the first in New Zealand to achieve accreditation for its PhD programme. Our Accounting programmes are accredited by all the Australasian professional accounting bodies. Our programmes are designed to provide you with the knowledge and skills needed for future careers in business and the public and community sectors. They cover a broad range of subjects and the curriculum continues to develop and change, with new courses introduced frequently to meet the requirements of a rapidly changing environment. In addition to cultivating knowledge and ideas, we develop your creative and critical thinking skills as well as your ability to lead and communicate effectively. There are many advantages associated with being a student at Victoria: teaching and learning are informed by our close proximity to a vibrant business, financial and public policy centre and the central location of our capital city campuses offers access to theatre, music, cafés and other entertainment. We have superior recreation and childcare facilities and you will also get the chance to meet and make friends with a wide range of people from differing backgrounds and cultures. I hope you give consideration to studying Commerce at Victoria Business School. It is an exciting, challenging and fulfilling study choice, which will provide you with a diverse range of knowledge and skills. We look forward to welcoming you. Professor Bob Buckle onzm Pro Vice-Chancellor and Dean of Commerce Victoria Business School Victoria Business School
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7 Experience Victoria Business School Victoria Business School (VBS) is superbly positioned in the centre of the capital city, with extensive contacts in the private and public sectors, nongovernmental organisations and professional bodies. It has a long and successful history of academic excellence and a reputation that makes staff highly sought after for research and advice, both in New Zealand and overseas. The School offers a broad range of programmes that cater for the various requirements of the commercial, financial, administrative and academic worlds. These range from the undergraduate (Bachelor s) degrees in Commerce (BCom) and Tourism Management (BTM), to graduate certificate and diploma programmes, usually for students with substantial work experience. Beyond this, VBS has excellent research facilities and resources for those wishing to further their study to Honours, Master s or doctoral level. Our undergraduate degrees may be combined with each other or with degrees from other faculties in a conjoint or double degree programme; for example, combining Commerce with sciences or Law. Because a number of courses can be credited to both degrees, two three-year degrees can be completed in four to five years of full-time study. BE A LEADER Victoria is a New Zealand leader: we are ranked first in New Zealand for research funding and are the only New Zealand university to offer Actuarial Science as a major. Victoria Business School holds 10 major accreditations, including the rare triple crown, placing us as one of 72 business schools worldwide. BE SUPPORTED The School s Student and Academic Services (SAS) office aims to enhance the student experience by providing advice and assistance on enrolment, degree or course planning, examinations and graduation. Students are encouraged to make contact with SAS staff and make use of their expertise throughout their studies to make their time at Victoria enjoyable and rewarding (see page 54). BE REWARDED At Victoria, academic excellence is acknowledged through the annual Dean s List and the Victoria Business School Excellence Awards at undergraduate level, and the Dean s Award for Doctoral Achievement at postgraduate level. Students have the opportunity to participate in business and investment clubs, consulting, entrepreneurship, the Honours Society and business school case competitions as well as have direct input into enhancing the student experience through involvement in the Victoria Commerce Students Association. The School is one of only two New Zealand business school to select and fund a candidate to attend the APEC Voices of the Future conference each year as a representative of the School. (opposite) Artist s impression of the addition to Victoria Business School s Rutherford House, currently under construction. Victoria Business School
8 Accreditation Victoria Business School is the first business school in New Zealand to have obtained accreditation in both Business and Accounting from the Association to Advance Collegiate Schools of Business (AACSB International); very few business schools hold this distinguished hallmark of excellence. Founded in 1916, AACSB International is the largest global accrediting body for business schools that offer undergraduate, Master s and doctoral degrees in business and accounting. Victoria Business School is one of 72 business schools worldwide to hold the triple crown of international accreditations of European Quality Improvement System (EQUIS; the Association to Advance Collegiate Schools of Business International (AACSB International; and the Association of MBAs (AMBA; INFORMATION STUDIES Our Information Studies programmes include the Master of Information Studies (MIS), the Postgraduate Diploma in Information Studies and the Certificate in Information Studies. Qualifications completed with the Archives and Records (ARCR) endorsement are accredited by Records and Information Management Professionals Australasia (RIM Professionals Australasia), which represents over 3,000 records and information management professionals across Australia, New Zealand and Malaysia. The Library and Information Association of New Zealand Aotearoa (LIANZA) recognises the specialisation in library science (MIS (LIBS)) as a qualification that covers the body of knowledge necessary for professional registration. MASTER OF BUSINESS ADMINISTRATION Our Master of Business Administration (MBA) was first awarded international accreditation by British-based AMBA in 2008 and was accredited for a further five years in October The only professional membership association for more than 9,000 MBA students and graduates, accredited business schools and MBA employers, AMBA is an internationally recognised global standard for all MBA programmes. 6 Victoria University of Wellington
9 TOURISM Since 2006, Victoria s Bachelor of Tourism Management, Bachelor of Tourism Management with Honours and Master of Tourism Management programmes have held the Tourism Education Quality (TedQual) certification by the World Tourism Organisation. The World Tourism Organisation developed the TedQual certification system to contribute to the quality of tourism education and training. TedQual certification provides assurance that our degrees meet worldwide standards. Certification is awarded after independent external auditing of both the University as a whole and the Tourism degrees. The most recent audit occurred in 2012, when our Bachelor s, Honours and Master s programmes were accredited for a further four years. The PhD in Tourism Management was also granted TedQual certification. ACCOUNTING Our Accounting programmes hold accreditations from four respected organisations: Chartered Accountants Australia and New Zealand CPA Australia Chartered Institute of Management Accountants Association of Chartered Certified Accountants. Victoria Business School
10 Bachelor of Commerce The Bachelor of Commerce (BCom) programme is designed to equip you for a successful future in today s exciting commercial environment. It provides a strong foundation in the essentials required for work in all areas of private business and public administration, while enabling you to focus your degree to suit your interests and career plans. The number of places available in Commerce courses for 2016 is limited, so apply as early as possible, preferably by mid-december. Our online enrolment system will be open from October Complete the enrolment application covering all the courses you wish to take in The degree normally requires three years of full-time study over two trimesters each year. It may be possible to complete in a shorter time by taking more courses some trimesters. Contact the Commerce Faculty Student and Academic Services office for more information (see page 54). There is a compulsory core of seven 100-level courses. Most courses are taught on campus and attendance at classes is expected. You must choose at least one major from the list of options below. MAJORS AND MINORS A major is a particular subject area that you wish to specialise in throughout your degree and take through to 300 level. You must take at least one Commerce major, but many students take two (or more), which could include an outside major in a subject from another faculty. Each major has its own requirements. For more information, go to BCom majors* Accounting (ACCY) Actuarial Science (ACTS) Commercial Law (COML) Economics (ECON) Finance (FINA) Human Resource Management and Industrial Relations (HRIR) Information Systems (INFO) International Business (IBUS) Management (MGMT) Marketing (MARK) Public Policy (PUBL) Taxation (TAXN) *An additional major can be chosen from those offered for the Bachelor of Arts (BA) or Bachelor of Science (BSc) degrees. BCom minor only Econometrics (QUAN) A minor is a particular subject area that you specialise in to a lesser extent than for a major. It is 60 points at 200/300 level, including at least 15 points at 300 level. You may take up to two minors, which can also be in a subject from another faculty. Tourism Management (from the BTM) and Econometrics are available as minors only. 8 Victoria University of Wellington
11 STRUCTURE OF THE BCom DEGREE 360 points total. At least 180 points above 100 level. Seven 100-level core courses (105 points): ACCY 111 Accounting or ACCY 130 Accounting for Decision Making ECON 130 Microeconomic Principles FCOM 111 Government, Law and Business INFO 101 Foundations of Information Systems MARK 101 Principles of Marketing MGMT 101 Introduction to Management QUAN 102 Statistics for Business. Major requirements met (typically seven or eight courses, points). Electives or additional majors (typically nine or 10 courses). RECOMMENDED FIRST-YEAR PROGRAMME A standard full-time programme for your first year of study is four 15-point courses in Trimesters One and Two. (Some students may be able to cope with five courses per trimester from their second year.) You should include FCOM 111 Government, Law and Business and as many of the other core courses as possible in your first-year programme, together with courses required for your chosen major subject(s). The remaining courses required to make up the desired workload can be chosen from other 100-level BCom courses, or from 100-level courses offered for other first degrees. In order to get into advanced-level courses, you need to have first completed their 100-level prerequisite courses. If you already have a specific major in mind, we suggest you enrol in courses as shown below during your first year. Major Recommended first-year courses Accounting BCom core including ACCY 111, plus ACCY 001 and one elective Commercial Law BCom core plus one elective Taxation BCom core including ACCY 111, plus ACCY 001 and one elective Information Systems Four core courses plus INFO 101, INFO 141, INFO 151 and FCOM 111 Economics or Finance ECON 130, ECON 141, FCOM 111, QUAN 102 and QUAN 111 and three more core courses International Business BCom core plus one elective (a language or Marketing cultural course are useful for IBUS majors) Human Resources and BCom core plus one elective Industrial Relations Management Public Policy BCom core plus PUBL 113 (recommended) or POLS 111 Victoria Business School
12 Bachelor of Tourism Management The Bachelor of Tourism Management (BTM) is designed to create opportunities for employment in management positions within the tourism industry. At the same time, it equips students with a wide range of transferable skills that can be applied to other sectors and provides a sound platform for graduate study. The BTM has been awarded Tourism Education Quality (TedQual) certification by the World Tourism Organisation, a testimony to the quality and international recognition of this qualification. The BTM normally requires three years of full-time study over two trimesters each year. It may be possible to complete in a shorter time by taking extra courses some trimesters. For more information, contact the Commerce Faculty Student and Academic Services office (see page 54). The BTM programme gives you the opportunity to participate in a range of educational experiences, including field trips, research activities and work experience provided by the practicum. Structure of the BTM degree 360 points (at least 180 points above 100 level). 120 points (six courses) of core Tourism courses at 100 and 200 level. 75 points (five courses) of Commerce electives. 60 points (three courses) of 300-level Tourism electives. 15 points (one course) 300-level Tourism practicum. 80 points (typically six courses) of other electives from Commerce, Tourism Management or related areas. Planning your first-year programme A standard full-time programme for your first year of study is points in Trimesters One and Two. You should include all of the 100-level TOUR courses, along with three 100-level Commerce electives chosen from ACCY 130 (or ACCY 111 if planning to advance in Accounting or Taxation), FCOM 111, ECON 130, INFO 101, MARK 101, MGMT 101 and QUAN 102 or other elective courses. 10 Victoria University of Wellington
13 Victoria Business School
14 Other programmes CONJOINT/DOUBLE DEGREES Many Commerce students enrol concurrently for two degrees; for example, combining a BCom or BTM with a Bachelor of Arts (BA), Laws (LLB) or Science (BSc) degree in a conjoint programme. The amount of study involved is less than that required for two separate degrees. Such a programme can still require five years of full-time study, although it is possible for an able student to complete a conjoint programme in four years. Such early completion should be attempted only if you have a good school record and are willing to accept an aboveaverage workload. GRADUATE CERTIFICATE IN COMMERCE The Graduate Certificate in Commerce is a qualification requiring 60 points at 200 level or above, of which at least 40 must be at 300 level. Specialisations are available in the same subject areas as for the Graduate Diploma in Commerce. Alternatively, a certificate including courses in several areas may be completed without a specialisation if the programme is approved by the Associate Dean (Students) as a coherent course of study. Taking two degrees concurrently offers the possibility of extensive interdisciplinary work. For example, many Commerce students are interested in law and find a BCom/LLB programme attractive, while Tourism students commonly complete BCom/BTM or BA/BTM programmes. If you are interested in environmental or development issues, you might combine a BCom in Economics with a BSc in Environmental Studies or Development Studies. For a career in the diplomatic service, you could combine a BCom with a BA in Modern Language Studies and/or Political Science. There are many other combinations that can be designed to suit your interests and ambitions. Enrolment in a conjoint programme normally occurs in your second year of study; to enter/stay in the programme requires a B average or better in the preceding year. If concurrent study (or maintaining a B average) is not possible, then you can still complete a second degree subsequently, though that requires 60 more points. 12 Victoria University of Wellington
15 GRADUATE DIPLOMA IN COMMERCE Victoria s Graduate Diploma in Commerce is a flexible qualification designed for Commerce graduates who want to move into a new specialist area, or for graduates in other areas who want to gain a Commerce qualification with only one year of further study. The programme is open to all graduates with approved prior degrees, although students near the end of their first degree may take some courses toward the diploma, providing they complete the degree before graduating with the diploma. The diploma is equivalent to two trimesters of full-time study, although it may take longer depending on the specialisation or the sequencing of the courses chosen. The courses selected for the diploma must total at least 120 points at 200 level or above, with at least 75 points at 300 level. The course of study can follow a specialisation within a Commerce subject area, or a combination of self-selected courses as long as it is approved by the Associate Dean (Students) as a coherent programme of study. For more information, contact the Commerce Faculty Student and Academic Services office (see page 54). BACHELOR OF COMMERCE WITH HONOURS The Bachelor of Commerce with Honours (BCom (Hons)) is a two-trimester programme following a BCom and providing advanced study in most commerce subject areas. MASTER OF COMMERCE A three-trimester degree (longer if part time) following a BCom or BCom(Hons) providing advanced study in most Commerce subject areas. PROFESSIONAL PROGRAMMES There is a range of professional programmes offered, including the MBA. To complete a specialisation, the courses for the diploma must include all courses at 200 level or above as required for the corresponding major subject. If one or more of the courses required for a specialisation have already been passed, an approved course of equal value may be substituted. Victoria Business School
16 Commerce careers Employers look for enthusiasm and passion as well as good grades. They hire graduates who are able to explain why they chose their particular course of study and why they enjoyed it. The right attitude to life, study and work is what gives graduates the competitive edge when applying for jobs. A Commerce degree prepares you for a great variety of career paths. You may decide to focus on specific majors leading to vocational outcomes or on gaining a broad grounding for roles in large or small business or the public sector. Our graduates have careers in accounting and consulting firms, banking, financial institutions, marketing and public relations firms, government and more. Typical job titles might include: economist policy adviser marketing adviser statistical analyst accountant human resources adviser/manager banker policy analyst business analyst research officer/analyst project coordinator management consultant import/export adviser communication officer business adviser. Commerce students develop skills employers want: critical and creative thinking effective communication global and multicultural perspective leadership specific knowledge. Commerce students gain leadership opportunities from the following: Victoria Plus Programme Victoria International Leadership Programme (VILP) Victoria Abroad student commerce clubs Alumni as Mentors programme (final year) exceptional employer connections Commerce Expo employer presentations and networking events. Commerce students get work experience opportunities from: a BCom internship as one of your courses competitions CareerHub for part-time and volunteer jobs. 14 Victoria University of Wellington
17 CAREERS AND EMPLOYMENT The professional team at Careers and Employment helps you examine work, study and lifestyle options. Explore some of the useful services they offer: Attend a drop-in appointment for CV checks. Log in to the CareerHub system to search for jobs and book for career and job application workshops or Commerce-related employer events. Use eportfolio to reflect on skills and experience. Careers and Employment Room 120, Level 1, Hunter Building, Kelburn Campus careers-service@vuw.ac.nz Victoria Business School
18 Frequently asked questions Do I have to choose my BCom major(s) in my first year? No you can decide on your major(s) at any time before graduation. However, as most majors are built on particular 100-level courses, it is best to plan for the most likely options in your first year. Do I have to pass all of the BCom core courses in my first year? No although it makes sense to do as many as possible in your first year, there is no requirement to pass (or even enrol in) all core courses before progressing. You must, however, enrol in FCOM 111 Government, Law and Business in your first year. Can I start one degree and switch to another one later? Yes, and you can usually carry over most of the courses passed to another degree. Can I transfer passes at another university or polytechnic to a Victoria degree? Yes most tertiary-level study will earn you credits towards our programmes. Do I have to go to classes? We expect that students will attend lectures, tutorials, workshops and other classes that s what you pay for. In some courses, attendance is compulsory and you may fail through non-attendance even though you have obtained good marks in the course assessment. To find out, check the mandatory requirements section of the course outline. Am I limited to two majors for the BCom? No you can have as many majors as you want. Our student records system displays only three, but all will be listed on your degree certificate. Can I withdraw from courses at any time? You can withdraw at any time during the first three-quarters of the course (during the first nine weeks of a course taught over a 12-week trimester), but you need to do it in the first two weeks to get all of your fees refunded. Are there any opportunities for study overseas? Yes, we have exchange agreements with quite a few universities around the world (see Victoria Abroad on page 52). Exchange study should be scheduled for the fourth and/or fifth trimesters of your degree. Do I have to enrol for the whole year? All students should enrol in courses covering the whole year. You may be able to enrol in some courses in Trimester Two but this will be subject to space. 16 Victoria University of Wellington
19 Victoria Business School
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21 School of Accounting and Commercial Law Te Kura Kaute, Ture Tauhokohoko The School of Accounting and Commercial Law is responsible for teaching accounting as part of both the BCom core requirement and the Accounting major. The School also teaches commercial law as part of both the BCom core requirement and the Commercial Law major. In addition, the School offers a major in Taxation. Members of the School are actively engaged in research in areas such as accounting, taxation, sustainability, intellectual property, corporation law, employment law and various aspects of corporate governance. The Centre for Accounting, Governance and Taxation Research promotes the School s research activity. The School maintains excellent relationships with the accounting and legal professions and business and government communities. The staff continue the School s long tradition of involvement with the business community and financial markets through their work with the accounting and legal professions and regulatory boards. A number of staff have held senior positions in accounting firms, government organisations and policy-making bodies. Many are called upon to provide expert advice on complex business disputes and problems and to give submissions and commentary on various aspects of the law, taxation and accounting policies affecting business. ACCOUNTING Accounting is often referred to as the language of business, and is a vital aspect of business throughout the world fulfilling myriad roles, including securing finance for a new business, helping a business prepare fair and accurate reports of profit and business activity, advising on how best to manage revenues and costs and listing on the share market. As firms and financial markets become global, accounting and accounting qualifications have become even more international. Accounting is also a fundamental element in helping government and not-for-profit sectors deliver their goods and services. At Victoria, you will not be exposed to endless repetitive calculations or bookkeeping exercises. We teach in a manner that focuses on the ideas behind accounting, which will help you develop valuable skills. To study accounting you need to be comfortable with numbers, but you also need to be able to communicate written and interpersonal skills are just as important as numeracy. No previous experience of accounting is expected. The work is challenging but you will be well rewarded, financially and otherwise, as you progress in your career. SCHOOL OF ACCOUNTING AND COMMERCIAL LAW Level 7, Rutherford House, 23 Lambton Quay, Pipitea Campus , or sacl@vuw.ac.nz Victoria Business School
22 COMMERCIAL LAW The law impacts on all business activity. Whether dealing with customers, suppliers or employees, or protecting the physical and intellectual assets of a business, it is essential that business people have some knowledge of the appropriate legal issues. An understanding of commercial law and its operation will aid those who advise on business decisions and those who make them. Students will be: enabled to read and understand laws relevant to business and the decisions by the courts on the application of those laws equiped with the tools to recognise the legal implications of business activities provided with an understanding of the policies that drive legal developments within a commercial context. TAXATION The impact of taxation is a key aspect of financial and corporate decision-making. No person or business wants to pay more tax than they are legally obliged to. However, the tax system also plays an important role in ensuring a fair and decent society, through its distributional components. An understanding of tax is therefore a vital component of a commerce degree, especially in accounting. Through their work with many of the pillars of the New Zealand tax system (the Treasury, Inland Revenue and the courts) and their internationally recognised research, tax academics are able to offer a range of up-to-date taxation courses that will broaden your understanding of domestic and international taxation. A Taxation major or minor covers areas such as the New Zealand personal and corporate income tax systems, GST regimes, international tax law, double tax treaties, tax policy development and tax administration practices. The School offers a range of courses in commercial law that can substantially broaden your understanding of the other areas of commerce that you are focusing on in your study. These include contracts, which are an essential element of every business practice, the laws underpinning structuring your business or company, employment and human resource management law, legal issues for e-commerce, marketing law and the laws relevant to international trade. 20 Victoria University of Wellington
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