Master of Business - 2019

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.

You can complete general studies in business in this course, enabling you to tailor your unit choices to suit your own interests or needs; providing an opportunity to explore a wide variety of business disciplines or to focus unit selection to a specific area of interest. The course also offers the option of completing a specialisation in vital areas of business practice such as contemporary management; entrepreneurship; international business; marketing; risk management; supply chain management; and responsible business governance.

You can expect to graduate from this program with a distinctive set of professional and technical skills which will enable you to assist businesses to succeed in complex and dynamic environments, while simultaneously confronting the increasing social constraints ahead.

These course outcomes are aligned with the Australian Qualifications Framework level 9 and Monash Graduate AttributesAustralian Qualifications Framework level 9 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:

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 work-ready skills, along with broad knowledge and technical skills that underpin discipline-based solutions appropriate to the business, professional and public policy communities
4. produce innovative and multi-disciplinary solutions to address complex challenges faced by organisations operating in increasing dynamic and globally diverse contexts.

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 business 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.

The course comprises 96 points structured in three parts: Part A. Advanced preparatory studies (24 points), Part B. Mastery knowledge (60 points) and Part C. Application studies (12 points).

• If you are admitted at entry level 1 you complete 96 points, comprising Part A, Part B and Part C.
• If you are admitted at entry level 2 you complete 72 points, comprising Part B and Part C.
• If you are admitted at entry level 3 you complete 48 points, comprising of Part B a. (24 points) and 24 points from Part B b. and c.

If you are admitted at entry level 3 you will be unable to complete a specialisation.

Note: If you are eligible for credit for prior studies you 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/2019handbooks/maps/map-b6005.pdf) provides guidance on unit enrolment for each semester of study.

Units are 6 credit points unless otherwise stated.

Part A. Advanced preparatory studies (24 points)

You must complete four units selected from:

• ACF5903 Accounting for business
• BTF5903 Law and commercial decisions
• ECF5953 Economics or ECF5927 Managerial economics
• ETF5900 Business statistics
• MGF5962 Principles of management

Part B. Mastery knowledge (60 points)

a. You must complete four units:

• APG5122 Corporate sustainability
• BEX5601 Business environment
• BEX5604 Professional development
• ADA5111 Design thinking for business

You must complete b. or c. below:

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

• Contemporary management
• Entrepreneurship (Specialisation will not be available in 2019)
• International business
• Responsible business governance
• Marketing
• Risk management
• Supply chain management

OR

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

Units from c. can be identified using the browse unitsbrowse units (http://www.monash.edu.au/pubs/handbooks/units/search) tool and indexes of unitsindexes of units (http://www.monash.edu.au/pubs/handbooks/units/) in the current edition of the Handbook. The level of the unit is indicated by the first number in the unit code.

Part C. Application studies (12 points)

You must complete two units (12 points) at either level 4 or 5. Elective units may be chosen from the Faculty of Business and Economics or across the University as long as you have the pre-requisites and there are no restrictions on admission to the units.

You can choose one unit from the following list of industry or international experience units as part of Part B. Mastery knowledge section c. or as part of Part C. Application studies.

Industry projects

• BEX5006 Industry project
• BEX5112 Industry project (12 points)

Study tours

• BEX5722 Engaging with international business - Australia
• BEX5723 Engaging with international business - North America
• BEX5724Not offered in 2019 Engaging with international business (12 points)
• BEX5832 European business and society (12 points)
• MKX5521 Global study programs in marketing

Internships

• BEX5001 Industry placement
• BEX5012 Industry placement (12 points)

Units can be identified using the browse unitsbrowse units (http://www.monash.edu.au/pubs/handbooks/units/search) tool and indexes of unitsindexes of units (http://www.monash.edu.au/pubs/handbooks/units/) in the current edition of the Handbook. The level of the unit is indicated by the first number in the unit code. You may need permission from the owning faculty to enrol in some units taught by other faculties.

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