Subject focus: Business programmes in Australia and New Zealand

 Monash University

In this month's subject focus we take a look at the range of programmes in the area of business, economics and management that are available in Australia. 

At undergraduate level these subjects are usually studied within a Bachelor of Commerce or a Bachelor of Business. At Australian and New Zealand universities these are broad, general degrees that aim to provide students with a solid foundation in a wide range of business principles while at the same time building their knowledge and skills in a particular area (the subject the student declares as their major).

At postgraduate level commerce and business subjects can be studied in different ways, depending on the student’s academic and professional background. Master of Commerce courses are the postgraduate equivalent of the broad-based approach outlined above, where a student would be required to take courses from a range of different business areas – to gain a solid foundation of the subject as a whole – while also specialising in a chosen area. Admission to the Master of Commerce does not always require an undergraduate background in business, so they are great options for graduates of other disciplines looking to add a new set of knowledge and skills to their CV. Other courses are more specialised and are designed for students who already have a undergraduate degree in a business subject, while the Master of Management/MBA is a post-experience programme meaning that you will need a one or more years work-experience to apply.

Economics, Commerce, Business and Management

Bachelor of Commerce, specialising in Economics at Monash University

At Monash University, the study of economics is available as a specialist degree under the umbrella of Commerce. Other specialisations include Actuarial science and Finance.

Economics will allow to you work as an economist, unlocking how the world works by reviewing important economic activity such as the consumption of goods and services, employment rates or living standards. You will learn to use economic theories and econometric modelling to figure out how the economy is operating and identify and communicate the impacts of government policies in both domestic and international environments.

At the end of the programme you will graduate with a Bachelor of Economics

About the Bachelor

In this specialisation you will have genuine depth of study across the field of economics. You will learn how to use economic theories and analytical tools to figure out how the economy is operating, and identify and communicate the impacts of government policies in both domestic and international environments. You will choose to focus on one of two streams of Economics – either Economics and Economic Policy, or Mathematical Economics and Econometrics.

Electives

Economics and Economic Policy - develop extensive knowledge of both economic theories and mathematical/econometric modelling, and how these can be used to develop and support public policy. You will learn how to apply economic theories and analytical tools to economic policy outcomes, and identify and communicate the impact of government policies.

Mathematical Economics and Econometrics - focus on the mathematical side of economics. This will give you the ability to formulate and test economic propositions in complex economic environments. You will develop skills in econometric models and methodologies and learn how to evaluate economic theories using empirical data.

Industry Experience

Your learning experience at Monash is enhanced through a range of co-curricular activities that develop your critical thinking, communication and negotiation skills including:

  • Internships with leading companies and brands.
  • International exchange programmes with one of our 100 partner universities across the world.
  • Leadership and professional development programmes.
  • Networking opportunities with business leaders.

From day one you'll be able to focus your study and begin your career journey.

Our placements have included roles with L'Oreal, EY, PwC, Mondelez, Adidas, Deloitte, GM Holden, ANZ, Shell, Macquarie, IBM, KPMG, Grant Thorton, Clemenger BBDO, Devondale, Addeco, and more.

Degree structure

The course develops through four themes:

A. Foundation commerce knowledge

These units will provide you with a comprehensive study of economics and econometrics disciplines and the impact they have on multi-discipline decision making in organisations. The units consider the impact on the business, professional and public policy communities.

B. Specialist discipline knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions to commerce. Units contained within the discipline specialisation may meet the requirements for professional accreditation bodies.

C. Capstone experience

The capstone unit is designed to consolidate the knowledge and skills acquired throughout the study of your specialisation.

D. Elective breadth/depth study

This will enable you to further develop your knowledge of your specialisation, or commerce more broadly, or to select any units from across the university in which you are eligible to enrol including to complete a major or minor from another course.

Entry requirements

Prospective students can apply with three A Levels, or combine two A levels with GCE scores to qualify. English and Maths are subject prerequisites. For specific grades please contact the staff at Study Options. Other equivalent year 12 (final high school year) results are accepted including International Baccalaureate diploma and American SATs.

To submit an application, all that’s needed are your final transcripts, a completed application form and a copy of your passport’s bio page.

Application process

Admission into this degree is assessed on the results of previous studies, where these studies have taken place and meeting other requirements, including English language and other subject prerequisites where applicable. The outcome of your application should take no longer than a couple of weeks should all documents be in place.

Master of Management/MBA at Macquarie University (MGSM)

Master of Management

The MGSM Master of Management has been developed specifically for recent graduates and early career professionals who are looking to build up their skills experience for a career in business management or management consultancy.

The programme is delivered by the same highly qualified faculty as our MBA and is designed to provide deep experiential learning within a contemporary business setting and practical application of learning to real and current corporate challenges.

Practical experience is further extended through the compulsory professional practice unit.

This unit, equivalent to two units of study, provides the student with the opportunity to work on a project with a leading Australian or multi-national company where you will gain exposure to business practices and professional skills needed on your path to future leadership skills.

Suitable for:

This programme is designed for students who have recently graduated from an undergraduate degree from any discipline area and who are looking to build up their skills and experience for a career in business management or management consultancy.

Course Structure

Required units include:

  • Strategy Frameworks and Evaluation
  • Business Process Management
  • People and Organisations
  • Marketing and Customer Value
  • Economics and Markets
  • Financial Statements and Analysis
  • Data Based Decision Making
  • Financial Markets and Valuation
  • Professional Practice or Study Tour

Plus electives of your choice

Length of programme: MGSM has a four term academic year September, January, March and June. This programme lasts 12-24 months of full time study (Depending on RPL granted)

Entry Requirements:

  • An Australian level 7 bachelor’s qualification or equivalent.
  • GPA of 5.00 out of 7.00
  • IELTS 6.5

Fees: Estimated annual fee A$36,000 (A$1,125 per credit point)

MBA

Our MBA has been designed to empower, challenge and transform. It will give you the knowledge and skills demanded by our ever evolving global economy. Ranked number one in Australia, and 49 in the world (Financial Times 2017), our programme’s flexible study options and choice of elective units lets you tailor your studies to your interests, aspirations and lifestyle.

This programme is designed to challenge and transform you; it will extend your knowledge, skills and experience through a practical curriculum that bridges the gap between theory and real-world applications. Opportunities exist to participate in global study tours, exchanges with leading international schools, and living case studies with Australian and international organizations.

Accreditation

MGSM’s MBA and Management programmes are formally accredited by the international accreditation body AACSB. AACSB accreditation represents the highest standard of achievement for business schools worldwide. Less than 5% of the world’s 14000 plus business programmes have earned AACSB accreditation. AACSB accredited schools produce graduates that are considered highly skilled and more desirable to employers than graduates of non-accredited schools.

This programme is suitable for experienced professionals who have been identified as possessing higher management and leadership potential.

Course Structure

You are able to explore a range of areas, rather than be locked into a single, narrow field.

You can choose diverse areas such as Human Resources, International marketing, Advertising and Promotions, Financial Business, Entrepreneurship, Managerial Psychology and many more.

Required units include:

  • Marketing Management
  • Financial Management
  • Accounting for Management
  • Economic Context of Management
  • Strategic Frameworks
  • Strategic Management
  • Organisational Behaviour
  • Foundations of Management Thought
  • Operations Management
  • Information and Decision Analysis
  • Leadership and Teams in Action

Plus electives of your choice

Length of programme: MGSM has a four term academic year September, January, March and June. The MBA is 12 - 24 months of full time study (depending on RPL granted)

Entry Requirements

  • Australian level 7 bachelor’s qualification or recognised equivalent
  • GPA of 5.00 out of 7.00
  • Three years of full-time equivalent work experience at a managerial/professional level
  • IELTS of 7.0 overall with a minimum of 6.0 in each band, or equivalent

Tuition Fees: Estimated annual fee A$40,000 (A$1,250 per credit point)

Macquarie Graduate School of Management

Master of Applied Economic and Econometrics at Monash University

If you're looking to develop your career in economics or econometrics this course provides you with analytical and technical skills you need for the profession, as well as a solid grounding in commerce. The course will enable you to build your knowledge in one of the following specialisations: Applied Econometrics; Applied Economics and Econometrics or Business Economics.

About the Master

You will engage in a comprehensive theoretical and practical curriculum across your chosen field and develop high-level expertise in applied economic and econometric tools.

The programme also gives you the opportunity to undertake independent research in your chosen specialisation.

Available streams

The specialisation in Applied Econometrics provides in-depth knowledge, tools and skills to enable econometric and statistical analyses required in the business, economics and finance sectors. Your qualification will be a Master of Applied Econometrics

The specialisation in Applied Economics and Econometrics provides in-depth knowledge, tools and skills in economics and econometrics to address important economic policy questions. Your qualification will be a Master of Applied Economics and Econometrics

The specialisation in Business Economics provides an advanced knowledge of the theories explaining and analysing economic policies - focusing on how individuals, households, firms and governments interact and how economies work, with an emphasis on economic regulation and policy. Your qualification will be a Master of Business Economics

Degree structure

The course develops through three themes:

Part A. Advanced preparatory

These studies will introduce you to Economics and Econometrics at advanced undergraduate and graduate level. They are intended for students whose previous qualification is not in a cognate field (that is, not in a field likely to prepare them for advanced study in this field). Students admitted to the course, who have a recognised degree or a graduate certificate in a cognate discipline will receive credit for this part.

Part B. Mastery knowledge

These units will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions.

Part C. Application studies

This will enable you to further develop your knowledge of your specialisation, or more broadly, or alternatively to select any units from across the university in which you are eligible to enrol. Some students use these electives units to provide a research pathway towards a Doctor of Philosophy course.

Entry requirements

Entry level 1: 96 points to complete
Duration: 2 years full-time, 4 years part-time

You must have completed an Australian bachelor degree or an equivalent qualification, and achieved a preferred Weighted Average Mark (WAM) of 65% or an equivalent GPA as determined by the faculty. You will be ranked and selected based on your entire academic record. If you wish to complete the Applied Econometrics or Applied Economics and Econometrics stream you must have achieved a result of at least 70% (or equivalent) in a first year undergraduate statistics course.

Entry level 2: 72 points to complete
Duration: 1.5 years full-time, 3 years part-time

An Australian undergraduate degree (or equivalent) in a cognate discipline with at least credit (65%) average, or qualification/ experience or satisfactory substitute that the faculty considers to be equivalent. If you wish to complete the Applied Econometrics or Applied Economics and Econometrics stream you must have achieved a result of at least 70% (or equivalent) in a first year undergraduate statistics course.

Entry level 2: 72 points to complete
Duration: 1.5 years full-time, 3 years part-time

An Australian undergraduate degree (or equivalent) and an Australian graduate certificate (or equivalent) in a cognate discipline with at least credit (65%) average in both qualifications, or qualification/experience or satisfactory substitute that the faculty considers to be equivalent. If you wish to complete the Applied Econometrics or Applied Economics and Econometrics stream must have achieved a result of at least 70% (or equivalent) in a first year undergraduate statistics course.

OR

A four-year Australian undergraduate honours degree (or equivalent) with at least credit (65%) average, or qualification/experience or satisfactory substitute that the faculty considers to be equivalent.

Entry level 3: 48 points to complete
Duration: 1 years full-time, 2 years part-time

An Australian undergraduate honours degree (or equivalent) in a cognate discipline with at least credit (65%) average, or qualification/ experience or satisfactory substitute that the faculty considers to be equivalent. Prospective students can apply with three A Levels, or combine two A levels with GCE scores to qualify. English and Maths are subject prerequisites. For specific grades please contact the staff at Study Options. Other equivalent year 12 (final high school year) results are accepted including International Baccalaureate diploma and American SATs.

To submit an application, all that’s needed are your final transcripts, a completed application form and a copy of your passport’s bio page.

Application process

Admission into this degree is assessed on the results of previous studies, where these studies have taken place and meeting other requirements, including English language and other subject prerequisites where applicable. The outcome of your application should take no longer than a couple of weeks should all documents be in place.

Master of Management at La Trobe University

Our Master of Management is designed to make you an astute manager who can lead expansion and change within an organisation.

As the course is open to students from a range of backgrounds, you’ll be studying in a multidisciplinary environment, facilitating dynamic innovation and exchange of ideas.

You’ll learn foundational knowledge from the fields of economics, finance, accounting and management theory. You’ll also have the flexibility to develop knowledge in specialised areas of management, and pursue your interests and career aspirations through a range of electives.

You’ll be taught by experienced industry professionals and benefit from our association with leading organisations such as ANZ, Australia Post, Deloitte, Hayes Knight, Melbourne City FC, PwC and the Victorian Auditor-General’s Office (VAGO).

The La Trobe College Excellence Scholarship (CES) is a scholarship available to international students enrolling in the Master of Management. This is to help cover tuition fees for high-achieving international students accepted into our undergraduate and postgraduate coursework programmes. The scholarships are worth between 15%, 20% and 25% deduction on annual tuition fees for the duration of your studies and are limited in number.

You can choose to enrol in one of the management specialisations listed below:

Master of Management (Corporate Governance and Risk)

Join the fast-growing area of corporate governance and risk management. This course equips you with the knowledge and skills required for effective management and responsible leadership, with a particular emphasis in corporate governance and risk management.

You'll explore a range of corporate governance and risk principles and their application within a quality management framework including elements of good corporate governance, corporate social responsibility, the role of boards and board meetings, ASX and listing, identification and management of risk and compliance frameworks.

Master of Management (Entrepreneurship and Innovation)

This degree is designed to give you the unique set of skills required to create smart business opportunities and to drive innovation across a broad range of business settings. You’ll also get the chance to explore business innovation within an international context. You’ll learn from academic staff who bring a wealth of research and hands-on professional experience in areas including technology innovation, sport entrepreneurship and international entrepreneurship.

Throughout your studies you’ll learn how to look at businesses and organisations from a variety of perspectives, covering areas such as managerial psychology and decision sciences, strategic management, entrepreneurship, innovation management, and leadership.

You’ll examine organisational structures, processes, strategies, and other factors that influence growth and profit in the competitive international business landscape. You might also choose to complete an independent research thesis project.

You’ll have what it takes to develop innovative business plans, manage entrepreneurial activities, and create sustainable business ventures. A broad range of career opportunities exist across corporate, government and not-for-profit sectors, and in private enterprises of all sizes. Our graduates are now employed by companies such as Unilever, Telstra, Sheraton and Ford.

Master of Management (Human Resource Management)

The Master of Management (Human Resource Management) degree is for students seeking to develop a career in Human Resource Management. Starting with the core foundation knowledge required for all managers, the course goes on to provide the opportunity for you to develop knowledge focused on HRM.

The primary objective of the course is to equip you with the tools and skills necessary to develop ideas, to lead and to manage organisational human resource management activities across corporate, government and not-for-profit sectors, and in small, medium and large scale enterprises.

Master of Management (Project Management)

You'll develop knowledge and skills required for effective management and responsible leadership, with a particular emphasis in project management. You'll explore a range of project management principles and their application within a quality management framework including developing a project management plan, verifying and controlling the project scope, defining, scheduling and allocating resources and monitoring project quality and best practice.

Master of Management (Sport Management)

Studying the Master of Management (Sport Management) at our City Campus prepares you for a range of careers in the global sports industry. Learn to work with professional sports teams, manage relationships between athletes and the media, or start your own sports business.

You'll graduate with the skills needed to be a sport management leader with professional sport teams, international, national and state sport governing bodies, and at major sport events and venues. You could also work in the private, non-profit and government sectors of the sports industry in senior management roles.

Starting with the foundation business knowledge required of all managers, you'll go on to study a variety of sport management electives and complete a research thesis project as a pathway to a research degree.

The course uses case-study-based learning and features regular guest lectures by business leaders. You'll gain valuable insights into performance development, learn how to develop and evaluate innovative business processes, and implement management and communication strategies related to athlete and coach welfare. The course partners with the AFL Coaches Association and AFL Sports Ready, meaning youll gain experience from professionals at the top of their careers.

You'll also benefit from our education and training partnerships with significant professional associations. For example, if you are a VicSport Professionals Network member, you can apply for our Industry Masters Scholarship.

Programme details

Duration: 2 years

Tuition Fees: A$34,000 per annum in 2018.

Start dates: March, July & November

Find out more about La Trobe University

Master of Commerce at UNSW Sydney

UNSW Sydney is a top 50 global university* located in Sydney, Australia. Our UNSW Business School is a powerhouse of business education and research in the Asia Pacific region, committed to providing our graduates with the skills, networks and knowledge to excel in today’s business world. 

We are ranked 11th in the world for Accounting and Finance, 23rd for Business and Management and 32nd for Economics and Econometrics. So join us at UNSW Business School – Where Great Minds Do Business.

*QS World University Rankings 2017-2018 

Why study commerce at UNSW Sydney?

Add a business edge to your discipline – apply concepts to contemporary business situations for career success.

  • Gain a solid grounding in business and be taught by experts in their specialist fields
  • Acquire breadth and depth of knowledge that is innovative, industry relevant and incorporates the latest thinking in business
  • Professional recognition: Meet the education requirement of various professional bodies including Australian Human Resources Institute (Human Resource Management), Australian Securities and Investment Commission (RG-146) (Finance), Chartered Institute of Management Accountants (CIMA-UK) (Management Accounting), and SAS (Business Analytics) depending on course selection

Who is the degree for?

  • You’re a graduate with a non-business degree seeking a postgraduate degree in business
  • You’re a business graduate interested in studying a new area of specialisation
  • You’re interested in a career change

Programme structure and areas of specialisation

The Master of Commerce is a 1.5-year degree programme consisting of 12 courses (72 UOC):

  • Two core courses
  • Three gateway core courses
  • Six specialisation courses
  • One capstone course

Recognition of prior learning

Up to 4 courses (24 UOC) may be awarded based on your previous studies in business. You will be notified of any credit given in your official letter of offer.

Specialisation courses

Choose six courses from one of the following specialisations:

  • Banking
  • Business Analytics
  • Business Strategy
  • Economics and Finance
  • Enterprise Systems and Business Design
  • Finance
  • Global Sustainability and Social Enterprise
  • Human Resource Management
  • Innovation and Entrepreneurship
  • International Business
  • Management Accounting
  • Marketing
  • Organisation and Management Studies
  • Risk Management

Social Entrepreneurship Practicum

The Social Entrepreneurship Practicum (COMM5030) is a practical course that enables high achieving students to put their business skills and knowledge to use on a real social entrepreneurship project.

Career pathways

Depending on your specialisation, there is a wide range of career opportunities available, including:

  • Business analyst
  • Compliance officer
  • Funds manager
  • Human resource consultant
  • Investment banker
  • IS analyst
  • Management accountant
  • Management and organisation analyst
  • Marketing or brand manager
  • Risk analyst
  • Stockbroker
  • Systems analyst

Programme details

Course duration: 1.5 years full-time

Start date: Semester 1 (March) and Semester 2 (July)

Tuition Fees (indicative total for programme): A$63,720 

Admission requirements: please contact Study Options for the most up-to-date information on the entry requirements and application procedure for this programme.   

Find out more about UNSW Sydney

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