General
The MBA (International Business) reflects the increasing importance of the international environment in business management. While the traditional MBA provides the opportunity to take a range of international business subjects, the MBA (International Business) is a specialised program which enables students to substitute a limited number of non-business subjects for traditional MBA subjects. Students are able to develop a substantial language skill, or study the history, culture, economics, or politics of a particular region of the world. Students can draw on the resources of the Monash Asia Institute, the Department of Japanese, the Centre for European Studies and the Department of Romance Languages, all of whom offer business related language and area subjects. This degree offers the opportunity to enhance international business skills relevant to the major regions of the world, Asia, Europe and South America.
Languages currently offered include, Chinese, French, German, Indonesian, Italian, Japanese, Korean, Russian, Spanish and Thai. Intending students should bear in mind that enrolment in a language usually involves a greater number of class contact hours than does a management subject.
Course objectives
On completion of the course students should:
* have the necessary analytical and computing skills concerning both the foundation as well as the functional areas of management;
* have developed an understanding of the social, economic and political environment of business;
* have acquired a strategic outlook necessary for organisational growth and survival;
* have developed an expertise relevant to the development and implementation of international and global business strategies;
* have developed interpersonal, leadership and decision-making skills conducive to fostering a culture of innovation and change.
Entrance requirements
The entry criteria for local and international applicants is identical to the admission requirements for the general MBA program.
Course structure
The structure encompasses the foundation MBA subjects, while integrating the area/language components. The course structure is as follows.
1 Foundation subjects
All students must take one foundation subject from each of the four areas of behavioural science, quantitative analysis, microeconomics and foundations of management. Only one subject may be taken in each area - except MBA5300 (Health economics) which may also be taken as an elective subject.
Behavioural science
* MBA5210 Organisational behaviour
Quantitative analysis
* MBA5460 Principles of quantitative analysis
or
* MBA5550 Quantitative analysis
Microeconomics
* MBA5300 Health economics
or
* MBA5880 Microeconomics for managers
or
* MBA5890 Microeconomics for policy analysis
Foundations of management
* MBA5200 Foundations of management
2 Functional subjects
Students are required to take at least four of the following subjects:
* MBA5180 Accounting
* MBA5190 Corporate finance
* MBA5220 Human resource management
* MBA5259 Employee relations
* MBA5270 Public management
* MBA5310 Marketing
* MBA5470 General operations management
* MBA5560 Management information systems
Either MBA5180 (Accounting) or MBA5190 (Corporate finance) must be included as one of the four functional subjects.
3 Environment subject
All students are required to take:
* MBA5350 International business
4 Integrative subject
All students are required to take:
* MBA6920 International strategic management
* 5 Area studies/language subjects
Three area studies or language units must be undertaken. Each of these is equivalent in weighting to one elective or six points.
6 International business subjects
Two subjects (or equivalent) from the following list of electives.
* MBA6140 International finance
* MBA6400 International marketing
* MBA6450 International human resource management (half-weighted)
* MBA6459 Comparative management (half-weighted)
* MBA6460 International business operations
* MBA6480 International economic environment
* MBA6510 Pacific rim - employee relations
7 Elective subject
One elective subject must be taken.
Duration
Two years full-time, although students can complete in sixteen months under certain conditions. Four years part-time.
Assessment
Assessment requirements in MBA (International Business) subjects are identical to the current MBA assessment requirements. Assessment requirements of Arts subjects will conform to the assessment requirements as prescribed by the Graduate Studies Committee of the Faculty of Arts for masters-level subjects.
Subject weighting
Masters-level subjects in Masters of Arts courses are given point weighting. A masters-level program in the Faculty of Arts usually consists of coursework/research projects totalling ninety-six points. Each Arts subject taken, either as an individual subject or in combination with another Arts subject, in the MBA (International Business) must amount to not less than six points.