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Handbooks Courses Units
Monash University

Master of Business Administration/Master of Risk Management

Course code: 3191 ~ Course abbreviation: MBA/MRiskMgt ~ Total credit points required: 120 ~ 2.5 years full-time, 5 years part-time ~ Managing faculty: Business and Economics

Study modes and course location

On-campus (Caulfield)

    Course description

This double-degree course aims to provide a broad-based foundation in business and management while providing specialist knowledge and skills in risk management.

Course objectives

The learning goals associated with this course are to: provide managers and aspiring managers with an educational experience that will enable them to become outstanding leaders within organisations; develop knowledge and skills across a broad range of business disciplines to enable students to effectively manage and lead an organisation; develop specific knowledge and skills in risk management; further enhance communication, inter-personal, problem solving and critical thinking capabilities; satisfy the educational requirements for membership of the Risk Management Institution of Australasia Limited; develop students ability to identify problems, to synthesise, analyse, summarise and classify data and qualitative information, to evaluate and weigh evidence, arguments and ethics, to apply specialist skills and knowledge to global business issues; and to work out solutions to simulated business cases and problems; develop students ability to locate, evaluate and reference needed data and qualitative information stored electronically and physically and to use state-of-the-art technology to produce high quality, persuasive and appropriate spoken and written presentations; develop students ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds; develop students knowledge of the risk management profession and the need to pursue life-long learning to be an effective leader and provide service to local, national and international communities.

    Course structure

Course requirements

(a) Students must complete 10 core MBA units (60 points) as follows:

(b) students must complete ten units (60 points) from the Master of Risk Management degree as follows:

(i) eight core units (48 points):

  • AFF5011 Issues in risk management
  • AFF5021 Case studies in risk management
  • AFF5031 Principles of risk transfer
  • AFF9020 Introduction to risk principles
  • AFF9770 Risk financing and treasury management
  • BTX5031 Insurance law
  • BTX9760 Risk control and the law
  • ETX9520 Quantitative methods for risk analysis

(c) students must complete two elective units (12 points) from 9000-level or 5000-level graduate units subject to the following conditions:

elective units may be selected from any department in the Faculty of Business and Economics.

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

    Professional recognition

Details of educational requirements for professional recognition can be found under the Professional Recognition entry in the Faculty of Business and Economics section of the Postgraduate Handbook.

    Contact details

MBA programs: telephone +61 3 9903 1166; email:

Course coordinator

Associate Professor Peter Reed