CourseMaster's Degree (Coursework)MBus

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 2027 you can choose from 17 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

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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 Business studies 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 the following vital areas of business practice - business economics, contemporary management; economics and health; entrepreneurship; financial and risk management; international business; marketing; project management; responsible business governance; 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

Rules
You may complete more than one specialisation as part of your course. If the same unit is offered across two specialisations, the unit can only count towards one specialisation.
Part A. Advanced preparatory studies24 credit points
You must complete 24 credit points from the following units.

Notes:

- You must complete ACX5903 if you are completing the Financial analytics specialisation or Strategic management accounting or Sustainable business (depending on your choice of units) specialisation.
- You must complete ECF5927 if you are completing the Business economics 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 studies24 credit points
Part C. Specialist studies24 credit points
Part D. Elective studies (24 credit points)12 credit points
You must complete 24 credit points of elective study. Electives can be chosen from;

- Either Level 4 or Level 5 units from the Faculty of Business and Economics, or units from across the University, provided you have met the relevant prerequisites and there are no enrolment restrictions;
- Part C (as listed above) to complete a second specialisation;
- The list of Industry project, Study tour or Internship units from below.
The handbook's description of this structure

The Master of Business is structured in four parts: Part A. Advanced preparatory studies, Part B. Core studies, Part C. Specialist studies and Part D. 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 2 with non-cognate qualifications and/or experience, you will complete 72 credit points, comprising Part A, Part B and Part C.
  • If you are admitted at entry level 2 with cognate qualifications and/or experience, you will complete 72 credit points, comprising Part B, Part C and Part D.
  • If you are admitted at entry level 3 you will complete 48 credit points, comprising Part B and Part C.

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.

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 four parts: Part A. Advanced preparatory studies (24 credit points), Part B. Core studies (24 credit points) Part C. Specialist studies (24 credit points) and Part D. Elective studies (24 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) from the following:

  • ACX5903 Accounting for business

  • BTF5955 Business and company law

  • ECF5927 Managerial economics

  • ETX5900 Business statistics

  • 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.

  • You must complete ECF5927 if you are completing the Business Economics specialisation.

Part B. Core studies (24 credit points)

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

  • ADA5111 Design thinking for business or MGF5992 Professional development

  • APG5122 Corporate sustainability management

  • MGF5800 Global business

  • APG5471 Leadership in intercultural environments

Part C. Specialist studies (24 credit points)

You must complete one of the following specialisations.

  • Business economics

  • Business studies

  • Bilingual business translation and communication (Chinese and English)

  • Contemporary management

  • Data analytics for business

  • Economics and health

  • Entrepreneurship 

  • Financial analytics

  • Financial and risk management

  • International business

  • Marketing

  • Project management

  • Business law, governance and regulatory risk

  • Strategic communications management

  • Strategic management accounting

  • Supply chain management

  • Sustainable business

Part D. Elective studies (24 credit points)

You must complete 24 credit points of elective study. Electives can be chosen from;

  • Either Level 4 or Level 5 units from the Faculty of Business and Economics, or units from across the University, provided you have met the relevant prerequisites and there are no enrolment restrictions.

  • Part C (as listed above) to complete a second specialisation;

  • The list of Industry project, Study tour or Internship units below

Industry projects

  • BEX5006 Consulting project

  • BEX5112 Consulting project (12 credit points)

  • BEX5306 Sustainability and climate project

  • BEX5312 Sustainability and climate project

  • BEX5606 Start-up and innovation project

  • BEX5612 Start-up and innovation project

  • BEX5351 Global collaboration projects

  • BEX5706 Sustainability collaboration project

Study tours

  • BEX5722 Engaging with international business

  • BEX5723 Engaging with international business 

  • BEX5724 Engaging with international business 

  • BEX5725 Engaging with international business

  • MKX5521 Global study programs in marketing

  • APG5170 Social entrepreneurship challenge in the Indo-Pacific

Internships

  • BEX5001 Industry placement

  • BEX5012 Industry placement (12 credit points)

  • BEX5115 Tax Clinic

  • BEX5195 Creative Destruction Lab: Deep Tech in Practice

Areas of study

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. 1

    be critical and creative scholars who:

    • produce innovative solutions to problems
    • apply research skills to business challenges
    • communicate effectively and perceptively
  2. 2

    be responsible and effective global citizens who:

    • engage in an internationalised world
    • exhibit cross-cultural competence
    • demonstrate ethical values
  3. 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. 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 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:

Dongbei University of Finance and Economics (DUFE) - 1+1 - Exp: 11/11/2024
Hunan University - 1+1 - Exp: 12/09/2027
Soochow University - 1+1 - Exp: *approval in progress
Southwestern University of Finance and Economics (SWUFE) - 1+1 - Exp: 14/07/2027
Zhengzhou University (ZZU) - 1+1 - Exp: 25/07/2026

B4001 Graduate Certificate of Business

More information

Notes for students

If you are considering the Bilingual business translation and communication (Chinese and English) specialisation, you must demonstrate language proficiency above beginner level to enrol in any units within the specialisation. Please refer to the specialisation for further information on the admission requirements.

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.

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 Business studies 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 the following vital areas of business practice - business economics, contemporary management; economics and health; entrepreneurship; financial and risk management; international business; marketing; project management; responsible business governance; 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.

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.

Course details

Qualification
Master's Degree (Coursework)
AQF level
Level 9
Credit points
96
Full time
2 Years
Part time
4 Years
Maximum time
6 years
Faculty
Faculty of Business and Economics
CRICOS code
079669B
Abbreviation
MBus
Award title
Master of Business