B6005 Master of Business

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 credit points, comprising Part A, Part B and Part C.
• If you are admitted at entry level 2 you must complete 72 credit points, comprising Part B and Part C.
• If you are admitted at entry level 3 you must complete 48 credit points, comprising Part B.a, Part B.b and 12 credit points from Part B.c.

Note 1: 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 credit points structured in three parts: Part A. Advanced preparatory (24 credit points), Part B. Mastery knowledge (60 credit points) and Part C. Application studies (12 credit points).

Units are 6 credit points unless otherwise stated.

Part A. Advanced preparatory (24 credit points)

You must complete four units (24 credit points) selected from:

• ACX5903 Accounting for business
• BTF5955 Business and company law
• ECX5953 Economics or ECF5927 Managerial economics
• ETX5900 Business statistics
• MGF5962 Contemporary management principles and practices
• MKF5955 Marketing management: Theory and practice

Note: You must complete ACX5903 if you are completing the Financial analytics or Strategic management accounting or Sustainable business (depending on your choice of units) specialisation. 

Note: You must complete ETX5900 if you are completing the Financial and risk management specialisation

Note: You must complete MKF5955 if you are completing the Marketing specialisation.

Part B. Mastery knowledge (60 credit points)

a. Core units

You must complete two units (12 credit points) from the following:

• ADA5111 Design thinking for business
• APG5122 Corporate sustainability management
• MGF5800 Global business
• MGF5992 Professional development

b. Specialisation (24 credit points)

You must complete four units (24 credit points) from one of the specialisations listed below.

Business Economics

You must complete three units (18 credit points) from the following:

• ECF5040 Industry economics
• ECF5200 Game theory and business strategy 
• ECF5560 Cost-benefit analysis and economic decision making
• ECF5921 International economics 
• ECF5923 Macroeconomic Policy
• ECF5927 Managerial economics 
• ECX5520 Economics of global investment decisions
• ECX5550 Business in Asia 
• ETF5922 Data visualisation and analytics
•  

and one more unit (6 credit points) from the above list not previously completed or from the following list of regional economics units:

• ECX5001 Economics of environment and sustainability
• ECX5630 Chinese economy and global business 
• ECX5631 The Australian economy 
• ECX5641 The Indian economy
• ECX5642 Southeast Asian economies and global business
• ECX5750 European economy and global business

Business studies

You must complete (24 credit points) of level 5 Business and Economics units.

Contemporary management

You must complete four units (24 credit points) from the following:

• 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 Global sustainable operations and supply chain management
• MGF5928 Strategic leadership

Data analytics for business

You must complete two units (12 credit points) from the following:

Intermediate units

• ETF5202 Statistical foundations of business analytics 
• ETF5248 Optimisation for Business
• ETF5650 Business optimisation skills 
• ETF5910 Introductory applied econometrics
• ETF5912 Data analysis in business
• ETF5922 Data visualisation and analytic
• ETF5970 Mathematics for business  

and two units (12 credit points) from the following:

Advanced units

• ETF5231 Business forecasting 
• ETF5330 Quantitative methods for financial markets 
• ETF5480 Decision Modelling for Business
• ETF5500 High dimensional data analysis
• ETF5600 Quantitative analysis of limited dependent variables
• ETF5932 Predictive analytics and machine learning 
• ETF5952 Quantitative methods for risk analysis

Economics and Health

You must complete the following three units (18 credit points):

• HEC5980 Health economics
• HEC5981 The business of health 
• HEC5983 Health economic evaluation 

and one unit (6 credit points) from the following:

• ECF5040 Industry economics
• ECF5200 Game theory and business strategy
• ECF5560 Cost benefit analysis and economic decision making
• ECF5927 Managerial economics
• ECX5400 Design and evaluation of economic, public, and social programs
• ETF5320 Applied econometrics
• ETF5922 Data visualisation and analytics
• ETF5910 Introductory econometrics

Note: If you are undertaking ETF5320 you may be required to undertake a specific prerequisite as part of the elective units in Part C

Entrepreneurship 

You must complete four units (24 credit points) from the following:

• BEX5114 Value creation and start-up capital optimisation for founders
• BEX5120 Structuring, IP and venture capital for start ups
• BEX5403 Start-up simulation: data-driven decision making for success
• BEX5411 Creativity and entrepreneurship
• BEX5413 Technology and innovation for start-ups
• BEX5414 Corporate venturing and innovation in global entrepreneurship ecosystems

Financial analytics

You must complete the following three units (18 credit points):

• ACF5130 Financial Statement Analysis and Business Valuation
• ACF5120 Forensic Accounting and Fraud Investigation
• ACF5320 Business Analytics

and one unit from the following (6 credit points)

• ETF5480 Decision modelling for business
• ETF5952 Quantitative methods for risk analysis
• ETF5912 Data analysis in business

Financial and risk management

You must complete the following four units (24 credit points):

• BFF5902 Introduction to risk management
• BFF5954 Business finance
• BFF5956 Corporate financing decisions
• BFF5958 Financial markets and intermediation

International business

You must complete the following unit (6 credit points):

• MGF5800 Global business

and three units (18 credit points) from the following:

• BTF5919 International trade law
• ECF5921 International economics
• MGF5691 Global sustainable operations and supply chain management
• MGF5760 International institutions and organisations
• MKF5260 International marketing
• MGF5940 Intercultural communication and negotiation

Marketing

You must complete four units (24 credit points) from the following:

• MKF5911 Theory and process of buyer behaviour
• MKF5912 Marketing research
• MKF5926 Integrated marketing communication
• MKF5260 International marketing
• MKF5630 Services marketing
• MKF5981 Retailing
• MKF5123 Entrepreneurial innovation

Project Management

You must complete the following four units (24 credit points):

• ENG5220 Organising the project function
• ENG5221 Project as a social system
• MGF5901 Managing the project context
• MGF5903 Delivering project

Note: OPM5000 and OPM5001 are offered at Clayton campus only.  Students undertaking this specialisation will need to travel to Clayton.

Responsible business governance

You must complete the following unit (6 credit points):

• BTF5345 Human rights and global business

and three units (18 credit points) from the following:

• BTX5914 Scandal: Risk, ethics and consequences in finance law
• BTF5000 Corporate governance, risk and social responsibility
• BTF5001 Business regulation and compliance
• BTF5114 Regulatory issues for transnational business
• BTF5115 From ride share to ride fair: Risk and regulation in the modern workplace
• BTF5910 Corporate sustainability regulation
• BTF5919 International trade law
• MGF5760 Institutions and organisations

Strategic communications management

You must complete the following unit (6 credit points):

• APG5366 Strategic communications in a digital era

and three units (18 credit points) from the following:

• APG5367 Campaigns, advocacy and change
• APG5373 Engaging audiences
• APG5374 Data analytics in communications
• APG5380 Public relations in a global context
• APG5381 Effective crisis communications 

Strategic management accounting

You must complete the following three units (18 credit points).

• ACF5955 Management accounting
• ACF5100 Strategic management accounting
• MGF5976 Strategic management

and one unit (6 credit points) from the following:

• ACF5080 Management control systems
• ACF5904 Accounting information systems 

Supply chain management

You must complete four units (24 credit points) from the following:

• ETF5650 Business optimisation skills
• MGF5600 Managing innovation
• MGF5611 Advanced supply chain management
• MGF5690 Services and operations management
• MGF5691 Global sustainable operations and supply chain management
• MGF5961 Supply chain management

Sustainable business

You must complete the following unit (6 credit points):

• APG5122 Corporate sustainability management

and three units (18 credit points) from the following:

• ACX5800 Accounting for climate change
• ACX5900 Accounting for sustainability
• BEX5050 Climate career bootcamp
• BEX5200 Climate change and carbon management strategies
• BEX5810 Sustainable business and innovation
• BFF5510 Sustainable finance
• ECC5801 Prosperity, poverty and sustainability in a globalised world
• MGF5986 Foundations of sustainable human resource management
• Any study tour with a sustainability focus (as approved by the Course Director)
• Any Industry Experience unit if there is a sustainability focused component (as approved by the Course Director)

c. Additional Mastery Knowledge units (24 credit points)

You must complete four units (24 credit points) at level 5 from the Faculty of Business and Economics, one unit of which may be chosen from the list of Industry or International experience units listed in Part C. Or you can choose to complete a second specialisation from part b. above, excluding Business studies.

Part C. Application studies (12 credit points)

You must complete 12 credit 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 enrich your degree by honing your academic and professional skills through the Monash Innovation Guarantee (MIG). The MIG is your unique opportunity to collaborate with renowned industry leaders and design innovative solutions that result in real social change. MIG will give you the leadership skills you will need to adapt and thrive in a rapidly changing world and is your chance to make connections before you graduate. The MIG unit may be credited in place of a free elective as a 6 credit point unit option. For information on eligibility please see FREE.

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 credit points)

Study tours

• BEX5722 Engaging with international business
• BEX5723 Engaging with international business 
• BEX5724 Engaging with international business 
• BEX5725 Engaging with international business
• BEX5727 Engaging with international business (12 credit points)
• BEX5728 Engaging with international business (12 credit points)
• MGX5831 European business and society
• MGX5832 European business and society (12 credit points)
• MKX5521 Global study programs in marketing
• MKX5522 Global study programs in marketing (12 credit points)

Internships

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