Graduate Business Programs 2013

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1 Business and Economics Graduate Business Programs 2013 Australia China India Italy Malaysia South Africa

2 Applications Applications for postgraduate coursework programs can be made online at Applications for a Masters by Research (MPhil) or a Doctoral Degree (PhD) can be made online at Closing dates : Semester On-campus programs 31 January 2013 Off-campus programs 5 January 2013 : Semester 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.

3 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 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 crossfaculty 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. 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 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: professional-recognition.html 1

4 Our Programs 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. work 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. work 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. 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. Honours Degree Masters by Research (MPhil) (p.5) PhD (p.5) Undergraduate Degree Postgraduate Diploma Executive Certificate in Business (p.39) Graduate Certificate Graduate Diploma Masters by work (p.7) Must complete a research stream in Masters program 2

5 Contents 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 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 and fees Contact details Back cover 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 3

6 RESEARCH PROGRAMS 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. 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: buseco-research.degrees@monash.edu For more information on research in the faculty and how to apply to undertake a research degree, visit 4

7 Research Degrees 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 : 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 secondclass 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. 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 : 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. 5

8 Pathways to a Higher Degree by Research 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: buseco-postgrad@monash.edu 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. Caulfield code 4416 Master of Business (Honours) 5 semesters full-time 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. 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 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 scholarships/selection/ autoh2aemonash.html for specific information regarding HIIA equivalence. For more information on research degrees, contact: Faculty Research Office Telephone: buseco-research.degrees@monash.edu Electives Issues in auditing and assurance Issues in corporate finance Issues in financial accounting Issues in banking Issues in management accounting 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. 6

9 COURSEWORK PROGRAMS 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. Choosing your Masters by work program The following table provides an overview of the audience courses are aimed at. This does not necessarily reflect entry. You are able to apply for entry into any course you prefer, depending on the entry. requirement details are provided on pages Aimed at early career professionals (0 2 years work experience) Aimed at experienced professionals (min. 2 years work experience) Extend your undergraduate major(s) These courses offer you the opportunity to learn more about an area you specialised in during your undergraduate studies. 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 (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) Gain new expertise These courses enable you to gain new expertise by studying an area of specialisation not undertaken in your undergraduate studies. 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) 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) 7

10 COURSEWORK PROGRAMS Business 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, 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 Overview 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) 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. 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 s 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. 8

11 Caulfield Aimed at code 3844 Specialisation (6 units) in 1 of 6 areas Master of Business 3 semesters full-time, 6 semesters part-time Early career professionals 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. 12 units 6 core units 6 elective units 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. 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. 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) or six electives 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 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

12 COURSEWORK PROGRAMS Business 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. Caulfield or off-campus code 1679 Graduate Certificate in Business 1 semester full-time, 2 semesters part-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. Applicants will be ranked and selected based on their entire academic record. 4 units Students complete any four graduate level units from the Faculty of Business and Economics. 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, allowing you to take a number of broad business units, or to take a sequence of units relating to a specific discipline. Caulfield or off-campus code 3848 Graduate Diploma in Business 2 semesters full-time, 4 semesters part-time 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. 8 units A 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. 10

13 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. 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: Information Technology Law Business Systems Project Management Leadership You should consult with your course coordinator when selecting elective units. Caulfield Master of Business (Science and Technology) 3 semesters full-time, 6 semesters part-time Can be taken in intensive mode (full-time over 1 calendar year, February intake only). Aimed at code 3840 Early career or experienced professionals with a science or technology background 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. Applicants will be ranked and selected based on their entire academic record. 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 11

14 COURSEWORK PROGRAMS Business 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. * This course does not qualify you to act as a solicitor or barrister. Caulfield Aimed at code 3159 Master of Business Law 2 semesters full-time Early career or experienced professionals seeking to gain 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. 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. 12

15 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 : Introductory management research methods Research report (introduction) Research report. Minimum grades apply. For more information on research degree entry please see page 5. Caulfield or off-campus Aimed at code 2643 Electives 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. Master of Diplomacy and Trade 3 semesters full-time, 6 semesters part-time Dmitry Grozoubinski Desk Officer, Department of Foreign Affairs and Trade Early career or experienced professionals seeking to gain 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. 12 units 6 core units 6 elective units 6 core units: Prosperity, poverty and sustainability in a globalised world Comparative regionalism International law and policy International trade policy International institutions and organisations Diplomacy and statecraft 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. 13

16 COURSEWORK PROGRAMS Business 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 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 : Introductory management research methods Research report (introduction) Research report. Minimum grades apply. For more information on research degree entry please see page 5. Caulfield and Sunway Malaysia Aimed at code 2098 Master of International Business 3 semesters full-time, 6 semesters part-time Early career or experienced professionals seeking to gain 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. 12 units 8 core units 4 elective units 8 core units: Accounting and finance for international managers International trade law The international economy International management Cross-cultural management communication International business strategy 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, ecopolitical and multicultural tensions that exist in both the local and global community. Like anything, what you achieve will be commensurate with what you put in, but I strongly recommend this MIB to anyone interested in questioning the status quo. Debbie Byass Master of International Business Program Manager, Sensis 14

17 Accounting, Banking and Finance 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). 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 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 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. Caulfield Aimed at Graduate Diploma in Accounting 2 semesters full-time, 4 semesters part-time. Master of Professional Accounting 3 semesters full-time, 6 semesters part-time Early career or experienced professionals seeking to gain accounting expertise code Master of Professional Accounting (Advanced) 4 semesters full-time, 8 semesters part-time 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 12 units 7 core units 5 elective units 16 units 7 core units 9 elective units 8 units selected from the following: 7 core units: 7 core units: Introductory accounting Introductory accounting Introductory accounting Financial accounting Financial accounting Financial 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 communication Personal development critical thinking and communication Economics Plus 2 units from the following: Plus 2 units from the following: Auditing and assurance Economics Economics Accounting information and systems modelling Auditing and assurance Auditing and assurance Taxation law Accounting information and systems modelling Accounting information and systems modelling Taxation law 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. Taxation law 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. 15

18 COURSEWORK PROGRAMS Accounting, Banking and Finance 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 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 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. Caulfield Aimed at code 0503 Master of Business (Accounting) 3 semesters full-time, 6 semesters part-time 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. Applicants will be ranked and selected based on their entire academic record. 12 units 6 core units 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 Professional recognition Graduates may satisfy the educational components for the relevant memberships. For further information, go to edu.au/esg/asu/publications/professional-recognition.html 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. 16

19 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. Caulfield Aimed at code 0504 Electives Master of Business (Banking and Finance) 3 semesters full-time, 6 semesters part-time Early career professionals seeking to gain new expertise in banking and finance An Australian bachelor degree or an equivalent qualification 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. 12 units 6 core units 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 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. Career opportunities 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. Professional recognition Graduates may satisfy the educational components for the relevant memberships. For further information, go to edu.au/esg/asu/publications/professional-recognition.html 17

20 COURSEWORK PROGRAMS Accounting, Banking and Finance 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 including preparation for the attainment of CFA designation.* 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. Professional recognition Graduates may satisfy the educational components for the relevant memberships. For further information, go to edu.au/esg/asu/publications/professional-recognition.html * Requires completion of appropriate CFA level exams. Caulfield Aimed at code 3818 * Master of Applied Finance 2 semesters full-time, 4 semesters part-time Early career or experienced finance professionals 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. Applicants will be ranked and selected based on their entire academic record. 8 units 6 core units 2 elective units 6 core units: Advanced security analysis Global financial markets Corporate treasury management Funds management 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 18