3191 - Master of Business Administration and Master of Risk Management

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

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.

The course structure has three main components:

• a set of core MBA units
• a set of core units in risk management
• two electives.

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

• MBA5005 Strategic management
• MBA9002 The legal environment of business
• MBA9003 Economics for managers
• MBA9004 Accounting for business
• MBA9005 Corporate finance
• MBA9006 Marketing
• MBA9007 Business analysis
• MBA9008 Managing and leading people at work
• MBA9010 Supply chain and operations management
• MBA9050 International business

(b.) students must complete the following eight units (48 points) from the Master of Risk Management degree as follows:

• 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 a further two graduate units (12 points) 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.

Details of educational requirements for professional recognition can be found at http://www.monash.edu.au/pubs/handbooks/postgrad/bus-06.html

Students wishing to exit the Master of Business Administration and Master of Risk Management early may apply to graduate with the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business Administration after successful completion of 48 points of study
• Either of the single masters degrees subject to satisfying the requirements of the single degree

Master of Business Administration

Master of Risk Management