B6005 Master of Business

The Master of Business is structured in four parts: Part A. Advanced preparatory studies, Part B. Core studies, Part C. Specialist studies and Part C. Elective studies.

Part A. Advanced preparatory studies

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. Core studies 

The focus of these studies is to further develop your knowledge and skills as a critical and creative professional who can apply your understanding of business practices to address contemporary organisational and global challenges. 

Part C. Specialist studies

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 D. Elective 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, Part C and Part D.
• If you are admitted at entry level 2 you must complete 72 credit points, comprising Part B, Part C and Part D.
• If you are admitted at entry level 3 you must complete 48 credit points, comprising 24 credit points from Part B and Part 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 studies (24 credit points), Part B. Core studies (12 credit points) Part C. Specialist studies (24 credit points) and Part D. Elective studies (12 credit points).

Units are 6 credit points unless otherwise stated.

Part A. Advanced preparatory studies (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

Notes:

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. 

You must complete ETX5900 if you are completing the Financial and risk management or Data analytics for business specialisation

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

Part B. Core studies (36 credit points)

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

Specified Business and Economics electives (24 credit points)

You must complete 24 credit points at level 5. You may choose to complete four units (24 credit points) chosen from the Faculty of Business and Economics or you may choose one unit from the Industry or International Experience list in Part D, with the remaining units chosen from the Faculty of Business and Economics to count towards your 24 credit points, or you may complete a second specialisation from Part C above, excluding Business studies.

Note: students at entry point 3 only complete 12 credit point from Part B.b.

Part C. Specialist studies (24 credit points)

You must one of the specialisations:

• Business economics
• Business studies
• Contemporary management
• Data analytics for business
• Economics and health
• Entrepreneurship 
• Financial analytics
• Financial and risk management
• International business
• Marketing
• Project management
• Responsible business governance
• Strategic communications management
• Strategic management accounting
• Supply chain management
• Sustainable business

Part D. Elective 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. Core studies or as part of Part D Elective 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)
• 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)
• BEX5115 Tax Clinic
• BEX5195 Creative Destruction Lab: Deep Tech in Practice