Master of Business

This course provides an innovative and industry-focused graduate program, with a strong emphasis upon professional development, business practice and social responsibility. It will suit a wide range of prospective students, primarily candidates without prior studies, in traditional business skills.

Students can complete general studies in business in this course, enabling them to tailor their unit choices to suit their own interests or needs; providing an opportunity to explore a wide variety of business disciplines or to focus unit selection to specific area of interest. The program also offers the option of completing a specialisation in vital areas of business practice such as business, ethics and society, commercialisation, information technology, law and responsible business, managing human capital, marketing, project management, quantitative business analysis, risk management, supply chain management and sustainability.

Students can expect to graduate from this program with a distinctive set of professional and technical skills which will enable them to assist businesses to succeed in complex and dynamic environments, while simultaneously confronting the increasing social constraints ahead. It can also provide a research pathway for students interested in higher degrees by research.

These course outcomes are aligned with the Australian Qualifications Framework level 9, the Bologna Cycle 1 and Monash Graduate AttributesAustralian Qualifications Framework level 9, the Bologna Cycle 1 and Monash Graduate Attributes (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

Upon successful completion of this course it is expected that you will be able to:

1. be critical and creative scholars who:
• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively
2. be responsible and effective global citizens who:
• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values
3. demonstrate broad knowledge and technical skills in the area of their specialisation and be able to provide discipline based solutions relevant to the business, professional and public policy communities that we serve, in particular:
4. have advanced knowledge to master's level of the social context of business activities

Business, ethics and society graduates will be able to critically apply research-led business, ethics and society knowledge and skills to enhance organisational contributions.

Commercialisation graduates will be able to critically apply research-led commercialisation theories, methodologies and skills to produce appropriate plans.

Information technology graduates will be able to analyse, and design information technology-based solutions for information management problems in businesses. Students will also be able to advise businesses on the use of information technology resources to support organisational strategies, and manage information technology resources and information technology projects to achieve organisational objectives.

Law and responsible business graduates will have knowledge and understanding of the legal framework of business and be able to recognise, critically analyse and, where possible, avoid legal problems that can arise in the course of business.

Managing human capital graduates will be able to critically apply research-led human capital management knowledge to operations and strategies to enhance organisational performance.

Marketing graduates will have the ability to use their understanding of consumers to create and communicate value.

Project management graduates will be able to be able to apply the theories and concepts of project management, analyse project requirements and develop project management strategies and processes.

Quantitative business analysis graduates will have a comprehensive understanding of how to address contemporary business issues with advanced quantitative methods.

Risk management graduates will be able to analyse and interpret business, insurance and financial risk and demonstrate the use of risk management principles.

Supply chain management graduates will be able to critically apply research-led supply chain management operations and strategies to enhance organisations' performance.

Sustainability graduates will have a comprehensive knowledge of sustainability issues in business and will be able to incorporate social, economic and environmental factors in their decision-making.

The course is structured in three parts. Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies. All students complete Part B. Depending upon prior qualifications, you may receive credit for part A or part C or a combination of the two.

Part A. Advanced preparatory

These studies will introduce you to core commerce disciplines and the impact they have within organisations. The units cover various disciplines and further your understanding of complex business environments.

Part B. Mastery knowledge

The focus of these studies is to develop your specialist expertise in a business discipline and provide the research skills or knowledge needed either to undertake independent research or for the capacity to work and communicate across the borders of discipline, context or culture.

Part C. Application studies

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development in your area of specialisation.

The course comprises 96 points structured in three parts: Part A Advanced preparatory studies, Part B Mastery knowledge and Part C Application studies.

• Students admitted at Entry level 1 complete 96 points, comprising Part A, Part B and Part C.
• Students admitted at Entry level 2 complete 72 points, comprising Part B and Part C.
• Students admitted at Entry level 3 complete 48 points, comprising Part B.

Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.

The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2016handbooks/maps/map-b6005.pdf) will assist you to plan to meet the course requirements, and guidance on unit enrolment for each semester of study.

Units are 6 credit points unless otherwise stated.

Part A. Advanced preparatory studies (24 points)

Students complete four units selected from:

• ACF5903 Accounting for business*
• BTF5903 Law and business decisions
• ECF5953 Economics
• ETF5900 Business statistics
• MGF5962 Principles of management
• MKX5955 Marketing and the international consumer

* This unit is a pre-requisite for a unit in the project management specialisation.

Part B. Mastery knowledge (48 points)

Students complete a. and either b. or c. below:

a. Two units (12 points):

• MGF5991 Professional Development - Career dynamics or MGF5992 Professional Development - Self and relationships
• MGF5020 Business ethics in a global environment or MGF5030 Corporate social responsibility

b. Six units (36 points) from a specialisation listed below:

• Business, ethics and society
• Commercialisation
• Information technology
• Law and responsible business
• Managing human capital
• Marketing
• Project management
• Quantitative business analysis
• Risk management
• Supply chain management
• Sustainability

c. Six units (36 points) at Level 5 with at least 24 points which must be from the Faculty of Business and Economics

Part C. Application studies (24 points)

Students complete four units (24 points) at either Level 4 or 5. Elective units may be chosen from the Faculty of Business and Economics or across the University so long as you have the pre-requisites and there are no restrictions on admission to the units.

Students may exit this course early and apply to graduate with one of the following awards, provided they have satisfied the requirements for that award during their enrolment in the master's course:

• Graduate Certificate in Business after successful completion of 24 credit points of study with a minimum of 18 credit points at level 4 or above.
• Graduate Diploma in Business after successful completion of 48 credit points of study with a minimum of 36 credit points at level 4 or above.