Master of International Business

The Master of International Business (MIB) advances your business knowledge and gives you the skills to operate with an international perspective. The MIB includes two internationally focused specialisations, being International Business, and Diplomacy and Trade. The course is designed for recent graduates, and also provides an accelerated path for those with relevant work experience. The MIB will build on your undergraduate credentials and further strengthen your business skills. You will develop advanced and vital skills in problem solving, research, and communication. These skills will be demonstrated in an internationalised world, exhibiting cross-cultural competence and ethical values. The MIB can also provide a research pathway for students interested in higher degrees by research. The course will provide a comprehensive understanding of international business enabling students to provide discipline-based solutions relevant to the business, professional and public policy communities we serve.

Specialisations

International Business

The specialisation investigates inter-disciplinary contemporary international business. You will be engaged with international management, law, finance, economics, marketing, and strategy, enabling analytical skills that can be applied in a variety of organisational settings. International business develops your strategic and operational international business knowledge and skills, particularly for the complexity of contemporary environments. The specialisation prepares you for international business roles across the corporate, governmental and non-profit sectors.

Diplomacy and Trade

Diplomacy and trade provides formal academic study across a range of disciplines relevant to the needs of organisations operating in the global environment. It provides high-level training in the fields of diplomacy, economics, law and contemporary politics. The s specialisation is aimed at recent graduates who hope to work in the public and private sectors, and those who presently work in these sectors, and wish to increase their understanding of the international environment. It is designed for graduates to work in the government sector, implementing and providing policy advice on foreign affairs, trade, and business-related issues. In the private domain, the course is designed for individuals who are operating, or looking to work, in an international capacity in both the corporate or not-for-profit sector.

These course outcomes are aligned the Australian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate AttributesAustralian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate Attributes (http://monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

Upon successful completion of this course it is expected that graduates will:

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. have a comprehensive understanding of their discipline and be able to provide discipline-based solutions relevant to the business, professional and public policy communities we serve
4. have advanced knowledge to master's level in international business.

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 units provide you with a solid foundation of knowledge and skills across core business disciplines and a valuable contextual basis for further business study.

Part B. Mastery knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of international business, diplomacy and trade in international business and political contexts.

Part C. Application studies

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development in international business, diplomacy or politics.

The course comprises 96 points structured into three parts: Part A. Advanced preparatory studies (24 points), Part B. Mastery knowledge (48 points) and Part C. Application studies (24 points).

• 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-B6007.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 a. and b. below:

a. Two units (12 points):

• ECF5953/ECM5953 Economics
• BTF5903/BTM5903 Law and business decisions

b. One set of the following units:

International business specialisation

• ACF5903/ACM5903 Accounting for business
• ETF5900/ETM5900 Business statistics

Diplomacy and trade specialisation

• MGF5991 Professional development - Career dynamics
• MGF5020 Business ethics in a global environment

Part B. Mastery knowledge (48 points)

Students complete:

International business

Students complete a. and b. below:

a. Seven units (42 points):

• BFF5959/BFM5959 Accounting and finance for international managers
• BTF5919/BTM5919 International trade law
• ECF5921/ECM5921 Introduction to international economics
• MGF5181/MGM5181 International business strategy
• MGF5310/MGM5310 International management
• MGF5966/MGM5966 International business theory and practice
• MKM5955/MKX5955 Marketing and the international consumer

b. One unit (6 points) from the following:

• MGF5640/MGM5640 Cross-cultural management communication
• MGF5470 International manufacturing
• MGX5171 Managing the multinational enterprise: cases and issues

Diplomacy and trade

Students complete eight units (48 points):

• ECF5921 Introduction to international economics
• BTF5340 Regional trade governance
• BTF5130 International law and policy
• MGF5730 International trade policy
• MGF5760 International institutions and organisations
• MGF5911 Diplomacy and statecraft
• MGF5722 Emerging economies in a globalising world
• MGX5710 Globalisation and the governance of market societies

Part C: Application studies (24 points)

Students complete either a. or b. below:

a. Four units (24 points) at either Level 4 or 5 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

b. The three research pathway units (24 points):

• MGX5000/MGX4000 Introductory management research methods
• MGX5901 Research report (introduction)
• MGX5900 Research report (12 points)

Students can choose to complete a program of study (24 points) that will provide a pathway to a higher degree by research.

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.