B6005 Master of Business
Faculty of Business and Economics
Master of Business (B6005) is a 2 years full-time, 96-credit-point, master's degree (coursework) course from the Faculty of Business and Economics, taught at Caulfield. In 2021 you can choose from 8 specialisations. Map your units semester by semester with the MonMap planner.
- Credit points
- 96
- Duration
- 2 years full time
- 4 years part time
- Campus
- Caulfield
- On campus
This is the 2021 handbook entry. See the 2027 entry.
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Requisite map
Overview
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; responsible business governance; financial and risk management; strategic communications management and supply chain management.
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.
Course structure
Part A. Advanced preparatory24 credit points
- ACF5903Accounting for businessNo reviews yet6 cp
- ACX5903Accounting for businessNo reviews yet6 cp
- BTF5903Law and business decisionsNo reviews yet6 cp
- ECF5927Managerial economicsNo reviews yet6 cp
- ECF5953EconomicsNo reviews yet6 cp
- ECX5953EconomicsNo reviews yet6 cp
- ETF5900Business statisticsNo reviews yet6 cp
- ETX5900Business statisticsNo reviews yet6 cp
- MGF5962Principles of managementNo reviews yet6 cp
- MKF5955Marketing management: Theory and practiceNo reviews yet6 cp
Part B. Mastery knowledge60 credit points
Core units
24 credit pointsAdditional mastery knowledge units
36 credit pointsSpecialisation
36 credit points- CONTMGMT02Area of studyContemporary managementNo reviews yet36 cp
- ENTPNSHP01Area of studyEntrepreneurshipNo reviews yet36 cp
- FINRSKMN01Area of studyFinancial and risk managementNo reviews yet36 cp
- INTBUSPG02Area of studyInternational businessNo reviews yet36 cp
- MRKTGSPC06Area of studyMarketingNo reviews yet36 cp
- RESBUSGV01Area of studyResponsible business governanceNo reviews yet36 cp
- SUPCHN01Area of studySupply chain managementNo reviews yet36 cp
- STRCOMMN01Area of studyStrategic communications managementNo reviews yet36 cp
Elective units
36 credit pointsPart C. Application studies12 credit points
List of industry or international experience units
- BEX5006Consulting projectNo reviews yet6 cp
- BEX5112Consulting projectNo reviews yet12 cp
- BEX5722Engaging with international businessNo reviews yet6 cp
- BEX5723Engaging with international businessNo reviews yet6 cp
- BEX5724Engaging with international businessNo reviews yet12 cp
- BEX5727Engaging with international business - Latin AmericaNo reviews yet12 cp
- BEX5831European economyNo reviews yet6 cp
- BEX5832European business and societyNo reviews yet12 cp
- MKX5521Global study programs in marketingNo reviews yet6 cp
- BEX5001Industry placementNo reviews yet6 cp
- BEX5012Industry placementNo reviews yet12 cp
The handbook's description of this structure
The course is structured in three parts: Part A. Advanced preparatory, Part B. Mastery knowledge and Part C. Application studies.
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.
Master's entry points
Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:
- If you are admitted at entry level 1 you must complete 96 points, comprising Part A, Part B and Part C.
- If you are admitted at entry level 2 you must complete 72 points, comprising Part B and Part C.
- If you are admitted at entry level 3 you must complete 48 points, comprising Part Ba. (24 points) and 24 points from Part Bb. and Part Bc.
Note 1: If you are admitted at entry level 3 you will be unable to complete a specialisation.
Note 2: 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.
Course progression map
The course progression map provides guidance on unit enrolment for each semester of study.
The course comprises 96 points structured in three parts: Part A. Advanced preparatory (24 points), Part B. Mastery knowledge (60 points) and Part C. Application studies (12 points).
Units are 6 points unless otherwise stated.
Part A. Advanced preparatory (24 points)
You must complete four units selected from:
- ACF5903/ACX5903 Accounting for business
- BTF5903 Law and commercial decisions
- ECF5953/ECX5953 Economics or ECF5927 Managerial economics
- ETF5900/ETX5900 Business statistics
- MGF5962 Principles of management
- MKF5955 Marketing management: Theory and practice
Part B. Mastery knowledge (60 points)
a. You must complete four units:
- ADA5111 Design thinking for business
- APG5122 Corporate sustainability
- BEX5601 Business environment
- MGF5992 Professional development
You must complete b. or c. below:
b. Six units (36 points) from a specialisation listed below
OR
c. Six units (36 points) at level 5 with at least 24 points which must be from the Faculty of Business and Economics.
Contemporary management
You must complete:
- MGF5020 Business ethics in a global environment
- MGF5130 Managing diversity and inclusion
- MGF5600 Managing innovation or MGF5690 Services and operations management
- MGF5630 Principles of negotiation
- MGF5691 Sustainable operations and supply chain management
- MGF5928 Strategic leadership
Entrepreneurship
You must complete:
- BEX5114 Start-up finance and accounting
- BEX5120 Law for entrepreneurs
- BEX5411 Entrepreneurship and creativity
- BEX5413 Technology and innovation for start-ups
- BEX5415 Start-up fastrack 1
- BEX5416 Start-up fastrack 2
Financial and risk management
You must complete the following four units (24 points):
- BFF5902 Introduction to risk management
- BFF5954 Business finance
- BFF5956 Corporate financing decisions
- BFF5958 Financial markets and intermediation
And two of the following units (12 points):
- BEX5200 Climate change and carbon management strategies
- BTF5910 Corporate sustainability regulation
- ETF5231 Business forecasting
- ETF5500 High dimensional data analysis
- ETF5600 Quantitative analysis of limited dependent variables
- ETF5910 Introductory applied econometrics
- ETF5912 Data analysis in business
- ETF5922 Data visualisation and analytics
- ETF5952 Quantitative methods for risk analysis
International business
You must complete:
- BTF5919 International trade law
- ECF5921 International economics
- MGF5691 Sustainable operations and supply chain management
- MGF5760 International institutions and organisations
- MGF5961 Supply chain management
- MKF5260 International marketing
Marketing
You must complete the following four units (24 points):
- MKF5911 Theory and process of buyer behaviour
- MKF5912 Marketing research
- MKF5926 Integrated marketing communication
- MKF5955 Marketing management: Theory and practice
And two of the following units (12 points):
- ETF5922 Data visualisation and analytics
- MKF5260 International marketing
- MKF5630 Services marketing
- MKF5981 Retailing
- MKF5123 Entrepreneurial innovation
Responsible business governance
You must complete:
- BTF5345 Human rights and global business
And five of the following units (30 points):
- BTC5914 Scandal: Risk, ethics and consequences in finance law
- BTF5000 Current issues in corporate governance and regulation
- BTF5001 Business regulation and compliance
- BTF5115 Employment law and business risk
- BTF5160 Globalisation of law and development in Asia
- BTF5910 Corporate sustainability regulation
- BTF5919 International trade law
- MGF5760 Institutions and organisations
Strategic communications management
You must complete:
- APG5365 Principles of global communications
And five of the following units (30 points):
- APG5366 Strategic communications in a digital era
- APG5367 Campaigns, advocacy and change
- APG5373 Engaging audiences
- APG5374 Data analytics in communications
- APG5380 Public relations in a global context
- APG5381 Crisis communications and issues management
Supply chain management
You must complete six of the following units (36 points):
- ETF5650 Business optimisation skills
- FSC5051 Advanced food marketing and product innovation
- MGF5600 Managing innovation
- MGF5611 Advanced supply chain management
- MGF5690 Services and operations management
- MGF5691 Sustainable operations and supply chain management
- MGF5961 Supply chain management
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 prerequisites and there are no restrictions on enrolling in 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 Consulting project
- BEX5112 Consulting project (12 points)
Study tours
- BEX5722 Engaging with international business
- BEX5723 Engaging with international business
- BEX5724 Engaging with international business (12 points)
- BEX5727 Engaging with international business - Latin America (12 points)
- BEX5831 European economy
- BEX5832 European business and society (12 points)
- MKX5521 Global study programs in marketing
Internships
- BEX5001 Industry placement
- BEX5012 Industry placement (12 points)
Areas of study
Specialisations (8)
- CONTMGMT02Contemporary managementNo reviews yet
- ENTPNSHP01EntrepreneurshipNo reviews yet
- FINRSKMN01Financial and risk managementNo reviews yet
- INTBUSPG02International businessNo reviews yet
- MRKTGSPC06MarketingNo reviews yet
- RESBUSGV01Responsible business governanceNo reviews yet
- STRCOMMN01Strategic communications managementNo reviews yet
- SUPCHN01Supply chain managementNo reviews yet
Learning outcomes
These course outcomes are aligned with the Australian Qualifications Framework and Monash Graduate Attributes.
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 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.
Entry requirements
English language
Monash minimum: Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test
Pathways
Articulation agreements:
Hunan University (1+1) Exp: 1-Mar-22
Dongbei University of Finance and Economics (1+1) Exp: 11-Nov-24
Southwestern University of Finance and Economics (1+1) Exp: 27-Mar-22
Xiamen University (1+1) Exp: 18-Nov-21
Soochow University (1+1) Exp: 25-Oct-21
Southwestern University of Finance and Economics (1+1) Exp: 1-Jun-21
Zhengzhou University (1+1) Exp: 4-Apr-21
More information
Other information
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; responsible business governance; financial and risk management; strategic communications management and supply chain management.
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.
Common questions
How long is Master of Business?
2 years full time, 96 credit points. At 24 credit points a semester, that is 4 semesters of full-time study.
What specialisations can I take in Master of Business?
8 specialisations in 2021, including Contemporary management; Entrepreneurship; Financial and risk management; International business; Marketing; Responsible business governance; Strategic communications management; and Supply chain management.
Where can I study Master of Business?
At Caulfield.
How do I plan my Master of Business units?
Open the course in the MonMap planner. It lays out your semesters, checks prerequisites as you drag units in, and tracks the credit points each requirement still needs.