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Master of Business


Course Description

Whether you're looking for a broad-ranging business degree or the ability to become a specialist in key business discipline, the Master of Business will develop your professional expertise and advance your business career.

An innovative and industry-focused course, the Master of Business has a strong emphasis personal development, ethics, corporate governance and social responsibility. A key feature of the course is the personal development program which will enhance your leadership and interpersonal skills and transform the way you operate in professional contexts.

The course addresses all facets of business development, and provides a solid foundation for those without business experience. It connects research and practice to make you a stronger communicator and problem-solver, and will broaden your understanding of management and business ethics.

As part of the course you can build your knowledge and extend your expertise in one of the following specialisations:

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

The flexible structure of the Master of Business enables you select units that give you a broadly applicable business qualification. Alternatively, you may prefer to choose one of the listed specialisations, effectively tailoring your studies to your particular interest or career aspirations.

The strong reputation of the Master of Business means our graduates are highly sought after, both in Australia and overseas. Graduates of the course pursue careers across the spectrum of business, including roles in human resources, management, marketing, science and commercialisation, project management, risk management or logistics.

Visit the website http://www.study.monash/courses/find-a-course/2016/business-b6005?domestic=true

Overview

Please select a specialisation for more details:

Business, ethics and society

Business, ethics and society investigates and activates the role of business as ethical and social leaders. The specialisation equips students with an understanding of the theoretical foundations and practical issues of internal and external ethical and societal forces that businesses face, respond to and activate. Business, ethics and society especially develops students' critical engagement and leadership capabilities to manage diversity, inclusiveness, and work and life. These capacities are developed within a strong context of ethics and corporate responsibility, and the domestic and international environments in that organisations operate. The specialisation prepares students for active managerial roles within organisations in the private, public and not-for-profit sectors.

Commercialisation

Commercialisation is the process or cycle of introducing a new product or production method into the market. The commercialisation process or cycle can be applied in many different contexts, including: art, design, and architecture; arts and humanities; business and economics; education; engineering; information technology; law; medicine, nursing and health sciences; pharmacy and pharmaceutical sciences; and science and technology. The specialisation provides a comprehensive business-focused setting to help students develop the necessary business and entrepreneurial acumen and commercialisation knowledge to succeed. Commercialisation especially develops students' new venture finance, patenting, innovation, and wealth pathways skills and knowledge. The specialisation prepares students, particularly facilitated by the commercialisation project, for commercialisation and entrepreneurial roles within organisations in the private, public and not-for-profit sectors.

Information technology

The information technology discipline allows students to build upon the core program with six units dealing with current practices and emerging strategies for the application of information technology in business management. Students are introduced to management of the creation, storage, recall and dissemination of business records within organisation-wide frameworks and they will gain a high-level of understanding of the processes of project management. Units are taught by the Faculty of Information Technology.

Law and responsible business

The fortunes of a business can quickly turn around if it does not pay proper attention to the laws that regulate its organisation and activities. The law provides the framework for all aspects of business from the internal management of business organisations to their relationships with clients, consumers and the public. The units in this specialisation provide students with an understanding of the legal framework within which business operates and the fundamental laws that regulate business activities and transactions, with particular emphasis on how legal and social responsibility considerations should impact business decision-making.

Managing human capital

Managing human capital is the recognition of people as valuable contributors, and the systems and operations for investing in people to enhance their contributions. The specialisation equips students with an understanding of the theoretical foundations and practical issues of managing and developing people within an international context. Managing human capital develops students' strategic and operational people management knowledge and skills, particularly for diverse, inclusive, and productive workplaces. This specialisation prepares students for careers in human resource management, industrial relations, consulting, public sector management, and general people management roles.

Marketing

Marketing is a fun, dynamic, complex activity (and discipline) that focuses on providing value to both organisations and consumers. Very simply, marketing is about matching what an organisation has (or can do) with someone who wants it. Marketing is about selling, it is about advertising, but it also so much more. The study and practice of the 'so much more' is what makes marketing so interesting!

In today's dynamic and global business environment, marketing permeates all areas of operations and forms an integral element of business growth and achievement. Highly qualified, innovative and international marketing practitioners, supported by well researched and pertinent marketing knowledge, are increasingly in demand.

Project management

A project is a collection of activities and resources undertaken to achieve planned objectives, which could be defined in terms of time, quality and cost or economic outcomes. Project management is the process of ensuring defined goals are achieved in relation to a project. This specialisation provides graduates with the knowledge, technology and processes employed in project management that allow them to pursue such professional roles in industry and government. This specialisation will provide graduates with an understanding and ability to apply the theories and concepts of project management, and will assist in a variety of roles in industry or government. Graduates will be able to analyse requirements for the management of given projects, identify the applicable methods and develop innovative project management strategies and processes.

Quantitative business analysis

Students will be provided with advanced quantitative skills required to carry out statistical analysis in business, economics and finance. They will also develop skills to report on the findings of their quantitative analysis.

Risk management

Risk is defined by AS/NZS ISO 31000: 2009 as 'the effect of uncertainty on objectives'. The management of risk is an evolving discipline that builds on current knowledge in a diverse range of activities. The risk management specialisation focuses on operational and financial risk in today's commercial world. It provides extended skills in the strategic and process applications of risk management and prepares for the increasingly complex risk management issues faced in many areas of business and government. It prepares graduates for roles that are required to address business, insurance and financial risk. The range of units undertaken will greatly assist those seeking employment in managerial positions where risk management is an expanding field of practice.

Supply chain management

Supply chain management involves the coordination of people, organisations, technologies and processes to ensure optimal supply of products and services. This specialisation develops students' capacity to design and optimise supply chains, and to manage them to achieve strategic business outcomes. Supply chain management enhances students' skills and knowledge in innovation and improvement, business optimisation, services and operations management, and sustainable operations management. The specialisation prepares students for careers in supply chain management roles in the private, public and not-for-profit sectors.

Sustainability

The sustainability specialisation focuses on current practices and emerging strategies for improving corporate sustainability, particularly in social, economic and environmental domains. The units within this specialisation will provide insights into sustainability from the perspectives of governance, ethics and management. This specialisation is suited to those who want to enhance their knowledge and skills in both business and sustainability issues and who seek employment in environmental governance or corporate sustainability management. It will also suit those who want to enable organisational and individual change in support of sustainability.

For more information visit the faculty website - http://www.study.monash/media/links/faculty-websites/business-and-economics

Find out how to apply here - http://www.study.monash/courses/find-a-course/2016/business-b6005?domestic=true#making-the-application

Visit the Master of Business page on the Monash University website for more details!



All Available Videos:


(Student Profile)

Kishan Sarook

I believe graduates of this Master's course possess a unique set of niche skills that enable them to be successful in commercialising science and technology advancements.
Coming from a technical background with minimal presentation experience, I personally honed my presentation skills and grew to love giving public presentations to board members of small businesses, venture capitalists, and to my Master's cohort. This had a great impact on my self-esteem, and it's a soft skill that can be utilised in both your professional and personal life.

The course featured a yearlong commercialisation project, where pairs of students were expected to write a business plan with one of Monash University's research partners.
During most of my job interviews, the industry exposure and overall practical experience that I gained from the commercialisation project was a hot conversation topic. Theoretical knowledge and rote learning will be insignificant in the long run if it's not applied practically. This project helped us to apply what we learnt in all of the taught units to create a real industry commercialisation business plan for novel technologies.

This course strategically tests and develops student's soft skills in group work, time management, communication and personal confidence.
These are skills that are universal, regardless of the career you may choose. My immediate 5 year career plan demands me to be able to work well under pressure, give presentations to clients or board members, and interact with superiors confidently. These are skills I acquired and strengthened during my time at Monash Business School.

Being one of the "Group of Eight", an alliance of leading Australian Universities, employers do highly commend Monash Business School graduates.
The quality of education provided at Monash University is well known in the industry. The entry requirements for this course alone signify the quality of graduates leaving upon degree completion. Saying that, I believe personal skills and academic accomplishments will have a more influential impact on employers, and these are accrued during your time at Monash Business School.


(Scholarship)

Team Monash Elite Student Performer Scheme - No. of awards TBC

The Team Monash Elite Student Performer Scheme is designed to support talented students studying at Monash to represent the University in the areas of Sport, Performing Arts and related disciplines. This program aims to assist students who perform at a state level or higher. Students must represent the University in a Monash Club/Society or at the Inter-University (Varsity) competitions and activities.Benefits:
- $100 to $1000 one-off payment and/or a Monash Sport gym membership.
- Dependant on the sport, the level played and the funding available.Selection
- Must be competing regularly in your discipline, at the highest level in your state, or above.
- Representation of Monash University in your sport (e.g. club, Monash University Club, Monash Australian University Games or Varsity Callenge).
- Your current and past performance in your elected discipline.
- Level at which your sport is played.Retention
- You must maintain satisfactory sporting performance, as determined by TeamMONASH.
- You must regularly represent Monash University in your discipline and participate in the Australian University Games.
- You must not be in receipt of regular payments from other funding bodies for your discipline.

Value of Scholarship(s)

$100 to $1000

Eligibility

- Australian or New Zealand citizen, holder of an Australian permanent resident visa or permanent humanitarian visa or an international student.
- Commencing or continuing undergraduate or postgraduate student enrolled at a Monash campus in Australia, including Monash College.
- Involved in a non-professional sport, performing arts or similar, as recognised by Team Monash.

Application Procedure

You must submit an application form directly to TeamMONASH (http://www.monash.edu/teammonash/talented-student-support/elite-scheme) via their Elite Student Performer Scheme

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/sports-scholarships/sport


(Scholarship)

Faculty of Business and Economics Indigenous Scholarship - 2 Awards

Selection:
- Based on academic achievement and need.
- Where possible, one scholarship will be awarded to an undergraduate student and one to a graduate/postgraduate student.Retention:
You must maintain satisfactory academic performance as determined by the Faculty of Business and Economics.

Value of Scholarship(s)

Tuition fees paid per year

Eligibility

- Indigenous Australian background.- Commencing student in an undergraduate or graduate/postgraduate (coursework) degree in the Faculty of Business and Economics at a Monash campus in Australia.- Consideration is given if you experience forms of disadvantageThis is an external link such as:financial disadvantage
difficult circumstances
disability or medical condition
from a regional or remote area of Australia- attended an under-represented school.

Application Procedure

Find out more about application information (http://www.monash.edu.au/students/scholarships/applications.html)

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/indigenous-scholarships/business-economics


(Scholarship)

Business and Economics Indigenous Study Support Scholarship - 5 Awards

Selection:
Based on need.
Where possible, bursaries will be awarded across both undergraduate and graduate/postgraduate programs.Retention:
You must maintain satisfactory academic performance as determined by the Faculty of Business and Economics.

Value of Scholarship(s)

$3000

Eligibility

- Indigenous Australian background.- Commencing or continuing student in an undergraduate or graduate/postgraduate (coursework) degree in the Faculty of Business and Economics at a Monash campus in Australia.- Consideration is given if you experience forms of disadvantage such as:financial disadvantage
difficult circumstances
disability or medical condition
from a regional or remote area of Australia
attended an under-represented school.

Application Procedure

Find out more about application information for:
- commencing students (http://www.study.monash/fees-scholarships/scholarships/applications)
- current students (http://www.monash.edu.au/students/scholarships/applications.html)

Further Information

http://www.study.monash/fees-scholarships/scholarships/find/indigenous-scholarships/business-economics-support



Entry Requirements

Completion of an Australian bachelor degree or an equivalent qualification, or an Executive Certificate awarded by the Faculty of Business and Economics and achieved a Weighted Average Mark (WAM) of 55% or an equivalent GPA as determined by the Faculty. Applicants will be ranked and selected based on their entire academic record. English requirements for international students: Minimum overall test score required 6.5. Individual band scores: reading 6.0, listening 6.0, writing 6.0, speaking 6.0, or TOEFL 600 with a TWE of 5, or an internet-based TOEFL score of 100 with 24 plus in writing and no section lower than 20.

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Recipient: Monash University

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