The graduate program


Taxonomy of graduate courses

A wide range of graduate programs in business and economics is offered for students with different backgrounds and with different aspirations. They differ in terms of objectives, prerequisites, content and fees. There are four main categories: executive certificates, graduate certificates, graduate diplomas and masters degrees which are professionally oriented and provide a cross-disciplinary training to develop professional expertise; masters degrees which develop and extend the knowledge of the particular discipline gained in the relevant graduate diploma; and postgraduate diplomas, masters degrees and the PhD which extend and develop knowledge of a particular discipline gained in the undergraduate degree.
The professionally oriented executive certificates, graduate certificates, graduate diplomas and some masters degrees are aimed at providing skills for improving graduates' capacity in a wide range of business and government positions. For the most part they are available to graduates with a pass degree in any area of study together with relevant employment experience; entry to executive certificates is available to candidates without a first degree who have extensive relevant employment experience. Full-time, part-time and distance education modes are available. Areas of study include accounting, agribusiness, Asian business, banking and finance, business management, economics, econometrics, electronic commerce, human resource management, international business, industrial and employee relations, logistics management, marketing, regional economic development, retail and wholesale studies, taxation and tourism management.
The combined knowledge development and knowledge extension masters degrees build upon the cross-disciplinary knowledge gained in the relevant graduate diploma by developing specialist discipline knowledge at the masters level. They are available to graduates with either a graduate diploma or an honours degree in the relevant discipline. Areas of study include agribusiness, banking and finance, human resource management, industrial and employee relations, international business, logistics management, management, marketing, organisational systems, retail and wholesale management, and taxation.
Cumulative specialist discipline knowledge courses include postgraduate diplomas, masters degrees and the PhD. Postgraduate diplomas in advanced accounting, commerce, economics, financial management, health economics and evaluation, and marketing are available to candidates with a pass degree in the relevant discipline. The masters degrees are available to candidates with an honours degree or an equivalent postgraduate diploma in the proposed area of study and involve a mixture of advanced coursework and the preparation of a research thesis. Specialist disciplines available for study in cumulative specialist discipline knowledge courses include accounting, banking, economic history, economics, econometrics, finance, management and marketing. A number of Commonwealth Government and Monash University scholarships are available to students undertaking research degrees.

Reversion to lower level awards

Students enrolled for certain graduate courses who are unable to complete the requirements due to changes in personal circumstances, but who complete all the requirements for a lower level award, may receive that lower award instead. The courses and the corresponding available lower level awards are as follows:

Graduate course

Exit award

Master of Industrial and Employee Relations

Graduate Diploma in Industrial and Employee Relations

Master of Practising Accounting

Graduate Diploma in Accounting

Master of Professional Accounting

Graduate Diploma in Accounting

Graduate Diploma in Accounting (Caulfield Campus)

Graduate Certificate in Accounting

Graduate Diploma in Agribusiness

Graduate Certificate in Agribusiness

Graduate Diploma in Banking and Finance

Graduate Certificate in Banking and Finance

Graduate Diploma in Business Management

Graduate Certificate in Business Management

Graduate Diploma in Electronic Commerce

Graduate Certificate in Electronic Commerce

Graduate Diploma in Human Resources

Graduate Certificate in Human Resources

Graduate Diploma in Industrial and Employee Relations

Graduate Certificate in Industrial and Employee Relations

Graduate Diploma in International Business

Graduate Certificate in International Business

Graduate Diploma in Marketing

Graduate Certificate in Marketing

Graduate Diploma in Retail and Wholesale Management

Graduate Certificate in Retail and Wholesale Management

Graduate Diploma in Taxation

Graduate Certificate in Taxation

Graduate Diploma of Business (Banking)

Graduate Certificate of Business (Banking)

Graduate Diploma of Business (Management)

Graduate Certificate of Business (Management)

Graduate Diploma of Business (Tourism Management)

Graduate Certificate of Business (Tourism Management)

Cross-disciplinary knowledge development courses

This genre of courses provides a wide introduction to business analytical thinking and applications in the early part of study (executive certificates, graduate certificates, graduate diplomas) with a more focused problem area emphasis in the second part of studies (relevant masters degree).

Executive certificates

Executive certificates are normally completed in one semester of full-time study or part-time equivalent.
Executive certificates have been introduced by the faculty to allow entry for experienced managers without a first degree who have at least six years relevant employment experience. Executive certificates provide articulation opportunities into graduate diplomas for students who attain an average grade of credit or above throughout their studies.

Graduate certificates

Graduate certificates are normally completed in one semester of full-time study or part-time equivalent.
Candidates for admission to graduate certificate courses require a pass degree in any discipline or an equivalent qualification and, usually, relevant employment experience. Students who complete the requirements for a graduate certificate may articulate to the relevant graduate diploma.

Graduate diplomas

Graduate diplomas are normally completed in two semesters of full-time study or part-time equivalent.
Candidates for admission require a pass degree in any discipline or an equivalent qualification and, usually, relevant employment experience. Students who complete a graduate diploma with an average grade of credit or above may apply for admission into the relevant masters degree.

Masters degrees

These masters degrees are normally completed in three to four semesters of full-time study or part-time equivalent.
Candidates for admission require a pass degree in any discipline from a recognised tertiary institution or may complete the relevant graduate diploma before applying for entry.

Combined knowledge development and knowledge extension masters degrees

These degrees are normally completed in two semesters of full-time study or part-time equivalent.
These masters degrees build upon the cross-disciplinary knowledge gained in the relevant graduate diploma by developing specialist discipline knowledge at the masters level. Candidates for admission require either an honours degree or a graduate diploma in the relevant discipline completed with an average grade of credit or above. Graduates have a tendency to move within related functions in business, government and the professions. Candidates for these masters degrees may apply for consideration for PhD candidature provided a significant research component has been completed at upper second class honours level or equivalent.

Cumulative specialist discipline knowledge courses

This genre of courses builds on a three-year bachelor major in a particular discipline to fourth-year level courses in the same discipline (honours or postgraduate diploma), then a masters degree and a PhD. The emphasis is on knowledge of discipline methodology and its application. Graduates have a tendency to move into academic, government, international agency and large business specialist positions.

Postgraduate diplomas

These postgraduate diplomas are normally completed in two semesters of full-time study or part-time equivalent.
Candidates for admission require a pass degree with a major in the discipline, or a closely related discipline, or an equivalent qualification. Students who complete the postgraduate diploma with at least second class honours may articulate to the relevant masters degree.

Cumulative masters

These masters degrees are normally completed in two to three semesters of full-time study or part-time equivalent.
Cumulative masters degrees build further on the specific discipline knowledge gained in the relevant postgraduate diploma or honours year. Candidates for admission to cumulative masters degrees require either an honours degree or a postgraduate diploma with an average grade of 70% or above. Candidates for cumulative masters degrees may apply for PhD candidature. In some cases, the candidature may be upgraded without the need to complete the masters degree, provided certain requirements are met.

Doctor of Philosophy

This degree is normally completed in three years of full-time equivalent study.
Candidates for admission to the PhD require a four-year honours degree with a major in the discipline, or a masters degree in an approved field, or an equivalent qualification.

Principal areas of research

Department of Accounting and Finance

Accounting; accounting information systems; Asian capital markets; corporate finance; derivative securities; financial and management accounting; financial institutions and markets; financial reporting and auditing; institutional treasury operations; investments; investment management; management accounting; merchant banking.

Department of Business Law and Taxation

Taxation law; banking law; company law; computer law and the law of privacy; contract law; intellectual property law; marketing law; trade practices law; money laundering legislation; securities law.

Department of Econometrics and Business Statistics

Applied econometrics; business statistics; mathematical economics; management science; theoretical econometrics; time series methods.

Department of Economics

Development economics; economic history, including Australian and Asian; computable general equilibrium modelling; government expenditure and taxation; health economics; international trade and capital movements; labour economics; microeconomic theory and application; macroeconomic theory and application; transport economics; welfare economics.

Department of Management

Health program evaluation; human resource management; industrial relations; international management; leadership; organisational behaviour; operations management; organisational stress; public sector management; quality management; strategy.

Department of Marketing

Agribusiness; buyer-behaviour; business marketing and technology; international marketing; logistics; marketing models; marketing theory; market communications; relationship marketing; retailing; services marketing.

School of Business and Electronic Commerce

Accounting; banking; business ethics; electronic commerce; economics; law; management; marketing; tourism.