faculty of business & economics 2014 undergraduate course guide

www.monash.edu/business-economics

Undergraduate Courses 2014

Faculty of Business and Economics

AustrAliA CHiNA iNdiA itAly MAlAysiA soutH AfriCA

ALL ABOUT CHOICEP02

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MONASH OPENS DOORS

WORK READY

HOW TO CHOOSE A COURSE

OUR MAJORS

COURSE INFORMATION

BACHELOR OF BUSINESS

BACHELOR OF COMMERCE

BACHELOR OF ACCOUNTING

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BACHELOR OF BUSINESS ADMINISTRATION

BACHELOR OF ECONOMICS

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COURSES AT OTHER CAMPUSES

PATHWAY COURSES

MAJORS BY COURSE & CAMPUS

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MONASH CAMPUSES

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DOUBLE DEGREES

HOW TO APPLY

FAQ’S

UNIVERSITY LIFE

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FUTURE STUDY

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SCHOLARSHIPS, FEES, CREDITS & MORE

Every industry needs people with business skills Business and commerce graduates are employed across the globe in a variety of different industries, such as the arts, media, health, sports, tourism, psychology, finance and a range of other areas we don’t have room to list! Whatever your dream may be, a degree in business or commerce will give you the skills you need to make it happen.

Business and commerce play an important role in the world – from the things we buy, to how we manage our money, or the impact the economy has on our jobs, homes and lives. So why not play an active role in the world by studying business or commerce at Monash University?

Monash graduates are making their mark on the world – whether that’s by creating important new policies for the government, trading commodities on the New York stock exchange, managing a department of people for a multi-national company, developing a new marketing campaign for the next big brand, or launching their own start-up company.

It’s the skills and training they gained in their business or commerce degrees that have helped them achieve these goals. And Monash University is the best place to help you develop those skills.

More choice at MonashMonash University has one of the biggest business and commerce offerings in Australia, which means we offer more course options, more majors and more units than most other universities.

Our degrees are designed to be flexible, so you can choose the majors and subjects you’re interested in, or choose a degree that will give you the skills to get the job you want.Plus, you can combine them with many other degrees, which will broaden your career options. So, no matter what your goals or interests are, there will be something for you in our faculty.

More than just a degree Studying business or commerce at Monash gives you more than just a qualification. Our courses give you the option to develop your skills and experience in a range of ways. You can choose to study a language, study abroad or go on exchange, or even undertake an internship or industry-based learning as part of your course, which will set you apart in the job market.

01Monash University

all about ChoiCE02

Business is more

exciting than any game.

LoRD BEAVERBRooK

DiD YoU KNoW? Some of Australia’s most influential business leaders completed their undergraduate degrees in business, commerce or economics at Monash

Ian Mcfarlane ACEconomist and former Governor of the reserve Bank of Australia (rBA)

Andrew Mohldirector of the Commonwealth Bank

Russell HowcroftExecutive General Manager of Network ten

Brett GosperChief Executive officer of international rugby Board (irB), the Managing director of rugby World Cup limited

Tracey FellowsExecutive General Manager, Communications at Australia Post

Simon Crean, MPMember for Hotham

Which Australian universities educated most of Australia’s top 50 CEO’s?

According to the Suncorp Power Index Survey, it’s Monash University

and UNSW.

Why did you want to study at Monash?

Cordelia Foo

Melissa Fung

Jessica Frisina

Paolo Tarray

Bachelor of Commerce/Bachelor of Economics

Bachelor of Commerce/Bachelor of Economics

Bachelor of Arts/Bachelor of Business (Management)

Bachelor of Commerce

I’ve always had an interest in business, and Monash gives me the space to explore all the different areas I’m interested in – such as commerce, economics and econometrics.

Monash offered the widest range of electives and much more flexibility in study than other universities, and I felt it had a friendlier, sociable atmosphere.

The flexible structure of a Monash course is brilliant. My degree allows me to specialise in areas that interest me, but doesn’t limit my study or career options.

For me it was the flexibility. I chose to study a double major, but I was also able to pick some elective subjects, and enrol in electives outside of the Faculty of Business and Economics.

WiTh So MUCh ChoiCE, iT’S

ALL ABoUT YoU AT MoNASh.

Studying business and commerce at Monash is all about you! We have such a wide range of courses, majors and

double degrees, so you can tailor your studies to suit your needs. And if you’re still not sure, you can always change your major once you’ve started. Studying business and

commerce at Monash provides you with flexibility and choice.

it’s choice, not chance,that determines

your destiny. JEAN NiDETCh

Choose your major At Monash you can study a double major (where you specialise in two different areas within one degree). With a double major you can study business plus subjects from a completely different area, such as a language, or choose complementary areas of study such as accounting and finance. For more information on majors see page 13.

I was excited to discover that there’s plenty of choice within the Bachelor of Commerce. It wasn’t the type of degree that locked me into one option. In my first year I studied the six core units the faculty offers, to see which area of study I liked best. I also got to decide whether to do a double major or a single major with electives. I decided on a double major in accounting and finance, because they complement each other, and I feel they will set me in good stead for my future career.

Peter MelilliBachelor of Commerce

Monash University is ranked

——— No.1 ——— in Australia in Economics

http://ideas.repec.org/top/

Single or Double Degree Monash has one of the most comprehensive double degree programs in Australia, offering combined degrees across all faculties and disciplines. A double degree allows you to study for two degrees, giving you more career flexibility and opportunities. And in most cases, you’ll only have to add one extra year to your degree. A double degree also gives you the opportunity to explore subjects from a different discipline – such as combing your commerce degree with arts, education, engineering and more.

According to the New York Times, Monash is considered the best university in Australia by global CEOs and

chairmen when they’re recruiting graduates.

An extra degree, for only one year’s extra work, helps you stand out from the pack. When employers are hiring, they’ll see in you, not just a dedicated student, but one with a more well-rounded educational experience. It’s particularly useful when you study complementary fields like business and IT.

Ashley Coleman-Bock Bachelor of Arts/Bachelor of Business (Management)

According to the Suncorp Bank Power Index survey, Australia’s leading CEOs typically have undergraduate degrees in economics or commerce.

Monash University’s Faculty of Business and Economics is one of the largest business faculties in Australia, which means you have more choice at Monash than just about anywhere else in the country.

MONASH

No 1

03Monash University

When I was in my final year at Monash, I was part of an Australian delegation that attended the Harvard National Model United Nations conference in the United States. This is the largest, oldest and most prestigious conference of its kind. I was in the social Humanitarian and Cultural Committee debating Global Organised Crime. I had an incredible time at the conference and learned so much about global issues.

Caroline EnglishBachelor of Commerce

04

MoNAShoPENS DooRS.

A mind that is stretched by a new experience can never go back to

its old dimensions. oLiVER WENDELL hoLMES, JR

Read about our students’ overseas experiences on our website, www.monash.edu/business-economics

You can study anywhere in the world by doing an exchange program at one

of Monash University’s 115 partner institutions across 26 countries.

“Monash opens the doors to the

world with campuses in Australia, Malaysia and south Africa, and research and teaching centres

in italy and india.

”

At Monash, we believe that you don’t have to put your studies on hold to travel the world. That’s why we have fantastic

exchange and study abroad programs (including study tours and international exchange) so you can embrace your travel

bug and hit the road.

Here are just some of the places our students have gone on a

global exchange.

Where did you study abroad?

Ashley Coleman-Bock

James Randell

Priyanka Chadha

Vivian Wong


Bachelor of Business (Marketing)

Bachelor of Business

Bachelor of Arts/Bachelor of Business (Banking and Finance)

Next winter I’m going to Monash’s Prato Centre in Italy during the semester break. I think it will be challenging, but it’s a great opportunity to live and study abroad. Plus it will give me the chance to travel across Europe and make it back in time for the start of the semester.

I’m about to head to Leeds University for a semester abroad in England.

As part of my degree I did an international study tour in China and travelled to Prato in Italy to study business law.

I did the Monash Arts Overseas Language Program, a fast-tracked Chinese language program in Shanghai.

monash oPENS DooRS

“you might be surprised

how many of our exchange opportunities allow you to continue your course in English. some of our

international partners teach entirely in English, while

others require you to have a certain proficiency in the

native language.

”

Did you know at Monash you can combine internships with overseas travel?

Monash has international internship programs including the Monash Oxfam program in South Africa where you can work with community-based organisations, and the Uni-Captiol Washington Internship Program (UCWIP) in Washington D.C. where you can intern with offices of the United States Congress.

With campuses all over the world and a range of exchange and study abroad programs available, Monash provides global opportunities.

I was so excited to find out that I could apply to study overseas as part of my degree. I applied through the Monash Abroad program to spend a semester studying at the Prato Centre in Italy. Studying in Italy was the best experience of my life! I learnt a lot about myself and the world.

Jessica FrisinaBachelor of Arts/Bachelor of Business (Management)

During my course, I spent a semester studying in South Africa. Monash made it so easy to study overseas – you could stay on campus, and there were grants you could apply for to help with the cost of travel. Being in South Africa was a fantastic experience and the campus was a great base to travel from.

Jarrod TroutbeckBachelor of Business and Commerce (Hons)

I went on exchange to King’s College London through the Monash Abroad program. I lived on campus and continued studying business subjects and a few electives unique to Kings College. Studying in London was an amazing experience. It exposed me to different ways of thinking and to live and study in a new environment.

Cordelia FooBachelor of Commerce/Bachelor of Economics

Studying abroad is about more than just travelling,it’s about immersing yourself in another culture and making

the host country your classroom. It’s your chance to make yourself at home in a completely

new environment.

Monash University is the first Australian university to get a license to

operate in China, one of the world’s largest and fastest-growing economies!

If you’re studying accounting or finance and love Europe, then the Accounting and Finance International Study Program is for you. Based at our Prato campus in Italy, students explore Rome, Prato, Florence, and also head to Interlaken, Basel, Paris, Munster, Amsterdam and London. During the trip you will visit financial institutions, universities, regulatory bodies and companies as well as exploring some of the main tourist attractions and experiencing all that Europe has to offer.

Did you know that Monash has many exciting international study programs, including the Monash Marketing Study Program in China?

This elective unit is offered during the mid-year (winter) break and is a great opportunity for marketing students to learn about marketing issues in China by meeting and working with leading marketers in China. The study program includes two weeks travel to China, visiting a range of global foreign-owned and Chinese companies. Cities typically visited include Beijing, Shanghai, Suzhou, Hangzhou and Yiwu.

Travel and change of place impart new vigor

to the mind.SENECA

Students that have studied overseas are highly regarded by employers as they have had greater exposure to different cultures and environments.

05Monash University

06

MoNAShMAKES

YoU WoRK READY.

I joined the PAL program to make the most of the opportunities Monash offers. I have met so many wonderful people who are now friends, and learnt invaluable lessons about myself and the business world that I will forever be grateful for. I believe I am now a more attractive employee with my PAL experience.

Jessica FrisinaBachelor of Arts/Bachelor of Business (Management)

I did my industry-based learning at PricewaterhouseCoopers, and at the end of my 12 week placement, they offered me a part-time job. I worked for PwC throughout my third year of uni, and accepted a full-time position with them before I graduated.

Cathryn MannBachelor of Accounting

The Faculty of Business and Economics has an exclusive Accounting and Finance Leadership program for students studying accounting and finance subjects. The program helps students develop their leadership and self-management skills to give them a competitive edge.

Monash has a fantastic range of extra-curricular activities that are fun, and will give you great leadership experience for the future. Students in the Faculty of Business and Economics can become part of the Peers, Ambassadors and Leaders (PAL) program. As a PAL leader, you will represent the faculty at public events such as orientation, open day and school presentations, gaining experience and attributes desirable in a leader.

Education is not only a ladder of opportunity, but it is also an

investment in our future. ED MARKEY

As a Monash student you’ll get a fantastic degree as well as the opportunity to graduate work ready with our internship, mentoring and industry programs. Our internships and industry-based learning placements give you the chance

to work for some of the country’s major firms, which means you’ll graduate with relevant work experience on your CV. We also have on-campus events and careers

fairs that give you the opportunity to meet potential employers face to face.

The Business and Commerce Students’ Society (BCSS) is one of the premier student societies at Monash. The society, run by business and commerce students, hosts a variety of social and professional events to help business and commerce students meet and network with potential employers. The BCSS can help you network with companies such as KPMG, Ernst & Young, PwC, Goldman Sachs, Macquarie Bank, L’Oreal and more, through their professional seminars, business cocktail parties, speaker series and other events.

At Monash we know your end goal is to get a great education so you can get the career you want. Our internship programs are a fantastic way to help you do just that. Internships can help you:

Learn more about your field or industry

Gain valuable work experience

Find the right path for your career

Develop and build your skills

Get a foot in the door at a company

Gain valuable networking contacts

Obtain references for future job opportunities

86%of students believe that employers look more favourably on graduates with work

experience*

work READY

“

”


*Cheng, M., Kang H., roebuck P., and simnett r. 2009, “the Employment landscape for Accounting Graduates and Work Experience relevance”, Australian Accounting review, p.342-351.

At the end of my third and fourth years of university I worked as a vacation student in the tax team at Ernst & Young. It was a great experience and also helped me decide that I wanted to be an economist rather than a solicitor.

Jacqueline BastianiBachelor of Law/Bachelor of Commerce

Monash students have had internships with companies including: Ernst & Young, DDB international, Deloitte, Saatchi & Saatchi, PricewaterhouseCoopers, KPMG, Macquarie Bank, L’oréal, George Patterson Y&R, ANZ, Frontier Economics and more!

—Up to 90% of students who

undertake an internship receive a job offer from the sponsoring organisation upon completion

of their degree* —

The Monash Marketing Society is a student run society boasting 1000+ members. The society runs year-round events for marketing students, including the famous annual marketing ball. They also run marketing industry events, such as the Marketing Industry Development Scheme (MINDS), and marketing workshops and industry cocktail parties, that give you the chance to rub shoulders with marketing elite from organisations across the country.

Choose a job you love,

and you will never have to work a day in

your life.CoNFUCiUS

iNTERNShiP An internship is a temporary work placement for university students to gain practical skills in the field they are studying. Internships can vary from three to 12 months and can be paid or unpaid depending on the organisation. Internships may form a component of your degree (i.e In some courses you can choose to do an internship in place of an elective unit) or they may be organised independently of your university studies.

iNDUSTRY-BASED LEARNiNG Industry-based learning (IBL) is a compulsory aspect of many of our degrees. These placements are organised by the university to give you practical experience in the workforce, and are an essential part of the degree.

WoRK EXPERiENCE Work experience is a short placement in a workplace, often undertaken at a high school level to help secondary students get a taste for the workplace. Some universities and companies use the term ‘work experience’ interchangeably with ‘internships’.

Monash University offers internship and industry-based learning opportunities in many of its business and commerce degrees. Industry-based learning forms an important part of our Bachelor of Accounting and Bachelor of Economics Advanced with Honours degrees, but you can also apply for an internship as an elective unit in other courses.

Predicts an expected increase in the demand for ACCOUNTANTS & AUDITORS by March 2016.

Where have some of our students interned? Amcor and PricewaterhouseCoopersCathryn Mann—Bachelor of Accounting

Frontier EconomicsCordelia Foo—Bachelor of Commerce/ Bachelor of Economics

Department of Treasury & Finance and Pitcher PartnersPeter Melilli—Bachelor of Commerce

Department of Treasury & FinanceJarrod Troutbeck—Bachelor of Business and Commerce (Hons)

LLoYD

07Monash University

MAJORSCOURSE

ATAR

CAMPUS

YOURINTERESTS

SPECIALIST &TAGGED DEGREES

go to page 14

go to page 32

go to page 35

go to page 12

go to page 09

go to page 19

How to choosea course

08

When it comes to choosing your course there are lots of things to consider. You could start by thinking about:

how to choose A CoURSE

If you already know what course you want to study, that’s great. You can find more detailed course information from page 19.

Which course is right for you? At Monash, our courses are all about flexibility and choice. We give you the freedom to pick the course that’s best for you – whether that’s a ‘broad’ course with lots of options so you can pick the majors you want to study, or a ‘specialist’ course that has at least one predetermined major in a particular field of study. If you think you already know what majors or areas you’re interested in, then a specialist or tagged degree could be for you. But if you want to keep your options open, choose a broad degree and decide later.

Bachelor of Business (go to page 20)

Bachelor of Business Administration (go to page 28)

Bachelor of Commerce (go to page 22)

Bachelor of Commerce scholars Program (go to page 23)

Bachelor of Business (Accounting) (go to page 35)

Bachelor of Business (Banking and finance) (go to page 35)

Bachelor of Business (law) (go to page 35)

Bachelor of Business (Marketing) (go to page 35)

Bachelor of Business (Psychology) (go to page 35)

Bachelor of Commerce (Accounting and finance)

(go to page 35)

Bachelor of Accounting (go to page 26)

Bachelor of Economics

(go to page 24)Bachelor of Economics Advanced

with Honours

(go to page 24)

Broad Degrees Specialist & Tagged DegreesWhat is a tagged degree? At Monash we offer tagged degree options in both the Bachelor of Business and Bachelor of Commerce. Tagged degrees (those with bracketed majors in their name) have a predefined or compulsory major in a particular field of study, such as marketing, psychology or accounting.

A tagged degree is a great choice if you know you want to study a particular area or want to work in a particular field. And when you graduate, you can put this title on your CV so employers can immediately see your area of specialisation.

Broad Degree

You choose most of your units (which can be those studied by students in a tagged degree)

You can change your major part way through the course (prerequisites permitting)

You can study non-business units

Tagged Degree

You can only choose some of your units

Your course name – which you will put on your CV – includes your major

You can’t change your major part way through the course

You can study non-business units

09Monash University

There are many similarities between our Bachelor of Business and Bachelor of Commerce degrees, and both will give you a world-class education.

But which course you decide to take will come down to your individual interests and goals. Both courses offer industry-based learning, double degree options, strong business skills, and an excellent mix of majors to choose from.


The Bachelor of Business focuses on how individual organisations and businesses operate

Campuses: Caulfield and Peninsula

ATAR: 80+

Maths prerequisites: score of 25 in any maths

Offered in both traditional and Problem-Based Learning mode (PBL)

Can be combined as a double degree with arts, health science, journalism, sport and outdoor recreation, and visual arts

Majors include: accounting, banking and finance, business law, business strategy, econometrics, economics, human resource management, international business, management, marketing, marketing and communication, and sports management (see page 34 for more detail)


The Bachelor of Commerce focuses on the wider commercial and economic environment

Campus: Clayton

ATAR: 90+

Maths prerequisites: score of 25 in maths methods or specialist maths

Can be combined as a double degree with economics, accounting, finance, law, engineering, arts and IT

Majors include: accounting, actuarial studies, business modelling, econometrics and business statistics, economics, finance, financial and insurance mathematics, international commerce, management studies, marketing and sustainability (see page 34 for more detail)

The differencesbetween our courses

Both courses offer

A range of core units which cover key business fields such as accounting, management, economics and marketing

A high quality education from an internationally recognised institution

The opportunity to graduate with an education that will help you get a job

Options to undertake an internship or participate in overseas study or exchange

The opportunity to graduate with work ready skills

A wide range of discipline areas

Choice and flexibility with majors and tagged degree options

Flexibility and choice to undertake a double degree or double major

The difference between the Bachelor of Business & Bachelor of Commerce

10 how to choose A CoURSE

Bachelor of Accounting • • • • • – – •

Bachelor of Business • • – – • • • • (with a major in accounting)

Bachelor of Business • • – • • • – • (Accounting)

Bachelor of Commerce • • – – • • • • (with a major in accounting)

Bachelor of Commerce • • – • • – – • (Accounting and Finance)

Bachelor of Business • • – – – – • • Administration

*Depending on unit selection this degree may provide eligibility for associate membership and entry to the Chartered Accountants Program of the Institute of Chartered Accountants in Australia (ICAA), Associate membership of the Institute of Public Accountants or entry to CPA Program of CPA Australia.

If you’re interested in studying economics we also have a few options for you.

You can choose from: Bachelor of Economics A three-year economics degree that provides a solid education across the field of economics.

Bachelor of Economics Advanced with honours A four-year degree which includes two 12-week industry-based learning placements and two $12,000 scholarships.

You can also study economics as a major in the Bachelor of Business and Bachelor of Commerce. For more information about our economics degrees see page 24.

If you know you want to study accounting, Monash is the place to do it! We have six degree options for students who are interested in accounting, and each course has its own features and benefits. While the Bachelor of Accounting is our premier accounting degree, our other courses provide added flexibility.

Which accounting degree?

For a full list of courses, entry requirements and prerequisites see page 35.Bachelor of Economics

or Bachelor of Economics Advanced with Honours?

Here’s a breakdown of the features of each course:

For more information on our accounting courses at other campuses see page 29.

3 year degree

Internships Industry-funded scholarship

Predetermined major(s)

Double major options

Double degree options

Ability to change major

Professional recognition*

11Monash University

PEOPLE FASCINATE ME

Then you might be interested in…MarketingHuman resource managementSports managementManagement studiesMarketing and communicationPsychologyPhilosophy and politics

It makes sense to look at majors like…Actuarial studiesBusiness modellingEconometricsBusiness lawPhilosophy and politicsAccounting

THERE’SALWAYS A LOGICALANSWER

You should look intocourses which include…Banking and financeBusiness strategyEconomicsSustainabilityManagementInternational businessInternational commerce

I THINK ON A GLOBALSCALE

I LIKE TO KNOW HOW THINGS WORK

You might like to consider…AccountingActuarial studiesFinanceEconometricsFinancial and insurance mathematics

Majors like these can help you makea difference…Business strategy, Sustainability, Human resource management, Economics, Marketing, Marketing and communication, Management

I WANT TO MAKE A DIFFERENCE

If you’re not sure what you want to study or what you want to do in the future, why not start by thinking about what you’re interested in, or what you’d like to learn more about. So what are you interested in?

12

What interests you?

how to choose A CoURSE

PEOPLE FASCINATE ME

Then you might be interested in…MarketingHuman resource managementSports managementManagement studiesMarketing and communicationPsychologyPhilosophy and politics

It makes sense to look at majors like…Actuarial studiesBusiness modellingEconometricsBusiness lawPhilosophy and politicsAccounting

THERE’SALWAYS A LOGICALANSWER

You should look intocourses which include…Banking and financeBusiness strategyEconomicsSustainabilityManagementInternational businessInternational commerce

I THINK ON A GLOBALSCALE

I LIKE TO KNOW HOW THINGS WORK

You might like to consider…AccountingActuarial studiesFinanceEconometricsFinancial and insurance mathematics

Majors like these can help you makea difference…Business strategy, Sustainability, Human resource management, Economics, Marketing, Marketing and communication, Management

I WANT TO MAKE A DIFFERENCE

OurMAJORS

Accounting, Actuarial Studies, Banking and FinanceBusiness Law, Business Modelling, Business Strategy, Econometrics, Economics,Finance, Financial and Insurance Mathematics,Human Resource Management, InternationalBusiness, International Commerce,

Management, Management Studies,Marketing, Marketing and Communication,Philosophy and Politics, Psychology,Sports Management, Sustainability.

What is aMajor?

As part of your degree you will study a major which

is the (usually) eight units that make up a specialisation

within a degree. If you choose a specialist or tagged

degree (see page 9) your major is already decided.

But if you choose a broad degree you can choose

your own major.

Our majors cover a range of topic areas so you can

study the things that matter to you. Within each major

there is usually a mix of different units you can pick

and choose from, which gives you even more choice

(just in case you wanted more choices!) You can also

opt to do a double major in most degrees.

13Monash University

14 our MAJoRS

Our majors include…

AccountingWhat is it? Accounting isn’t just about numbers. As well as recording and reporting transactions, accountants analyse and interpret financial and non-financial information to provide businesses with innovative solutions to enhance shareholder and customer value. Accountants need to be able to solve complex problems and have excellent analytical, communication, decision-making, and technical skills. A career in accounting is one with thousands of possibilities. You can work across different industries, from financial organisations to charities and from multinationals to small businesses.

Examples of units offered in the major

Principles of accounting and financeFinancial accountingCost information for decision makingCorporate financePerformance measurement and controlAuditing and assurance

Career opportunities Auditor, Business Analyst, Chief Financial Officer, Environmental Accountant, Financial Accountant, Finance Advisor, Forensic Accountant, Investment Analyst, Liquidator and Receiver, Management Accountant, Risk Analyst, Procurement Manager

Courses Bachelor of Accounting, Bachelor of Business, Bachelor of Business (Accounting), Bachelor of Business Administration, Bachelor of Business and Commerce, Bachelor of Business Science, Bachelor of Business Science (Accounting), Bachelor of Commerce, Bachelor of Commerce (Accounting), Bachelor of Commerce (Accounting and Finance), Bachelor of Commerce Scholars Program

Campus Berwick, Caulfield, Clayton, Gippsland, South Africa, Malaysia, Off campus

Actuarial studiesWhat is it? Actuaries identify, analyse and assess risk. They determine the likelihood of economic or property losses, such as those that occur during natural disasters, and calculate insurance premiums that allow individuals, businesses and governments to insure against these risks. Actuaries do this by applying the concepts of mathematics and statistics to real life scenarios.


Data modelling and computingActuarial statisticsProbability and statistical inference for economics and businessFinancial institutions and marketsFinancial econometricsContingencies in insurance and pensions

Career opportunities Insurance Actuary, Pricing Actuary, Investment Actuary Analyst, Product Development Actuary, Credit Risk Analyst, Pension Risk Manager

Courses Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics, Bachelor of Economics Advanced with Honours

Campus Clayton

Banking and financeWhat is it? Are you interested in the evolving and exciting world of banking? Do you hear about banks making billion-dollar profits and wonder how they actually do it? Bankers are expert risk managers that take deposits and give out loans for business, government or individuals – but they can also work across many different areas such as in trading rooms; in foreign exchange and bond trading; investment banking and personal financial planning.


Money and capital marketsCommercial banking and financeFinancial managementInvestments and portfolio managementCredit analysis and lending managementManagement ethics and corporate governanceTreasury management

Career opportunities Banking, Corporate Finance Analyst, Finance Director, Investment Advisor, Derivative or Commodities Trader, Investment Banker, Corporate Treasurer, Stock Broker

Courses Bachelor of Business, Bachelor of Business (Banking and Finance), Bachelor of Business and Commerce

Campus Caulfield, Malaysia

15

Business law*What is it? If you’re interested in law and how it applies to business, why not study a business law major? Business law graduates specialise in the legal issues that affect businesses. They often provide in-house advice on issues such as contracts, trade practices, employment, insurance, consumer and creditor protection, tax and more. Business law graduates help companies navigate the complex legal environment that governs business activities, and are the backbone of a successful company.


Commercial lawCorporations lawCorporate crimeBanking lawEnvironmental law for businessMarketing lawStock exchange and derivatives law

Career opportunities Compliance Manager, Regulatory Affairs Adviser, Due Diligence Analyst, Sourcing and Contract Analyst

Courses Bachelor of Business, Bachelor of Business (Law), Bachelor of Business and Commerce.

Campus Caulfield, Malaysia* This major does not qualify you to act as a solicitor or barrister.

Business strategyWhat is it? Every successful business has to have a vision and a plan for the future. A business strategist helps create and implement this future vision by providing advice to guide business operations and investment decisions. Business strategists are ‘big picture’ people. They might develop new business ideas, or identify ways a business can improve. Or if things change – think global financial crisis or a new competitor – they can make suggestions on how a company can adapt their vision and plan for the new situation.


Consumer psychologyStakeholder marketing communicationFinancial managementCross cultural management and communicationBusiness information and systemsBusiness strategyProject and innovation managementOrganisation governance and ethics

Career opportunities Business Strategy and Planning Analyst, Commercial Development Manager, Product Strategy Manager, Planning Manager, Strategy Advisor

Course Bachelor of Business

Campus Peninsula

EconomicsWhat is it? Where do prices come from? Who sets interest rates or currency exchange rates? What causes a global financial crisis? Are you interested in the answers? Then economics might be right for you. Economics helps us find out how and why people spend their money, and how their decisions can affect the economy of a whole country, or even the world. Economists analyse the production, distribution, and consumption of goods and services. They focus on how individuals, households, firms and governments interact, and how economies work. Microeconomics examines the behaviour of buyers and sellers in the economy while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.


Economics of climate changeInternational economicsProsperity, poverty and sustainability in a globalised worldIndustrial organisation and regulationMonetary economicsEconomics of developing countriesSports economics

Career opportunities Applied Industry Economist, Environmental Economist, Financial Economist, Labour Market Economist, Resource Economist, Taxation Economist

Courses Bachelor of Business, Bachelor of Business and Commerce, Bachelor of Business Science, Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics, Bachelor of Economics Advanced with Honours

Campus Caulfield, Clayton, Gippsland, South Africa, Malaysia, Off campus

A combined finance and economics major, which contains similar units to our individual finance and economics majors, is available as part of the Bachelor of Business Administration degree at our Berwick campus. See page 28 for more information.

EconometricsWhat is it? Do you want to use your passion for numbers to figure out what is going on in the world? Econometricians use mathematical techniques to make predictions about the impact of various economic or business decisions. Econometricians could answer questions like: What will be the impact of a proposed taxation change? Does changing a work environment in a certain way improve productivity? Answering these types of questions helps decision makers in industry and government to understand the economic or business impact of different options.


Introductory econometricsBusiness statisticsData analysis in businessQuantitative business analysisBusiness forecastingSurvey data analysis

Career opportunities Economic Research Analyst, Quantitative Risk Analyst, Predictive Analytics Specialist

Courses Bachelor of Business, Bachelor of Commerce, Bachelor of Business and Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics, Bachelor of Economics Advanced with Honours

Campus Caulfield, Clayton

Business ModellingWhat is it? Well it’s not about wearing a business suit on the latest episode of Australia’s Next Top Model. Actually, business modellers gather and review data to help identify business opportunities. They also use data to simulate the performance of a business and plug in different data sets to see what might happen in the future. These simulations are sometimes known as scenario or what-if models, and they’re used to help managers and other decision makers review and refine their business ideas and strategies to plan for the future.


Data modelling and computingMathematics for economics and businessIntegrated economic modellingModelling in financeBusiness modelling methodsRisk and business modellingApplied forecasting for business and economics

Career opportunities Business Data Analyst, Data Modeller, Manager Financial Risk Analytics, Economic Capital Statistician, Business Development Analyst

Courses Bachelor of Commerce, Bachelor of Commerce Scholars Program

Campus Clayton

Monash University

16 our MAJoRS

financeWhat is it? Finance experts work with individuals, businesses and governments to help them make important financial decisions about their money – how they spend it, conserve it and make it. How much wealth can you expect to generate? How risky is the outcome? Where is the best place to borrow from? These are some of the questions a financial specialist will ask and help answer for their clients.


Principles of accounting and financeCorporate financeFinancial institutions and marketsEquities and investment analysisDebt markets and fixed income securitiesInternational financeAdvanced corporate finance

Career opportunities Group Finance Director, Commodities Trader, Derivatives Trader, Investment Banker, Project Finance Analyst, Trade Finance Specialist, Stockbroker, Chief Financial Officer, Mergers and Acquisitions Specialist

Courses Bachelor of Commerce, Bachelor of Commerce (Accounting and Finance), Bachelor of Commerce Scholars Program

Campus Clayton

A combined finance and economics major, which contains similar units to our individual finance and economics majors, is available as part of the Bachelor of Business Administration degree at our Berwick campus. See page 28 for more information.

financial and insurance Mathematics What is it? Experts in the area of financial and insurance mathematics apply mathematical and statistical techniques to the understanding of financial markets. Like actuaries (see page 14) they determine the likelihood of specific outcomes and develop strategies that allow businesses and governments to either pursue new business opportunities or insure against risks.


Introductory econometricsProbability and statistical inference for economics and businessMathematics for economics and businessFinancial mathematicsRandom processes in the sciences and engineeringBayesian modelling and risk analysisContingencies in insurance and pensions

Career opportunities Financial Analyst, Investment Finance Manager, Corporate Finance and Transaction Services Analyst, Insurance Analyst, Superannuation Analyst, Hedge Fund Analyst, International Funds Manager

Courses Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Economics , Bachelor of Economics Advanced with Honours

Campus Clayton

international BusinessWhat is it? International business concerns the way business occurs across national boarders. Multi-national companies and the way they manage finance, people, supply chains and other resources are a natural focus. However, these days nearly all businesses need to develop a global approach to remain competitive. Managing across cultures, understanding sources of national and cultural diversity and the implications of different regulatory environments are also important.


International financial managementInternational trade lawTrade finance and foreign exchangeInternational businessInternational managementInternational business strategyInternational marketing

Career opportunities Business Partnering Manager, Business Transformation Director, Business Development Manager, International Sales Representative, International Business Development Executive, Business Analyst (International Logistics)

Courses Bachelor of Business, Bachelor of Business and Commerce

Campus Caulfield, Malaysia

international CommerceWhat is it? International commerce is similar to international business but it has a broader focus. While international business generally refers to the activities of a single organisation, international commerce refers to the factors making up the economic environment that the business is operating in. These factors might be legal, political, social, cultural or technological.


Introduction to financial accountingPrinciples of macroeconomicsInternational financeInternational study program in banking and financeAsian managementCorporate financeInternational trade lawManaging international business

Career opportunities Global Equity Research Associate, Global Investment Manager, International Trade Specialist, Commerce Officer


Campus Clayton

Human resource ManagementWhat is it? Human resource management professionals ensure the contribution of an organisation’s people to competitive advantage. The study of human resource management covers such things as human resource planning, job design and the management of performance and pay. It also looks at areas to do with workforce well-being such as training and development, equal opportunities and work/life balance. The broader context of human resource management is also important, for example, regulatory matters concerning labour law, employment relations, and health and safety.


Introduction to managementManaging employee relationsOrganisational behaviourEmployment lawEmployment relationsHuman resource strategy

Career opportunities Human Resource Business Partner, Human Resource Analyst, Head of Human Resources, Organisational Change Consultant, Talent and Development Specialist, Learning and Development Associate, Recruitment Consultant

Courses Bachelor of Business, Bachelor of Business and Commerce

Campus Caulfield, Gippsland, Off campus

17

ManagementWhat is it? If you are interested in a career in business or public service, then no doubt at some point you will want to take a leadership role, perhaps as a senior executive or small business owner. Managers build teams and manage the change and innovation that is enabled by new technologies and business processes. Good managers are crucial to the successful running of any business no matter what its size or what it does. As a manager, you will be called on to make tough decisions, build relationships and solve problems in an ethical and sustainable way.


Introduction to managementManagerial communicationOrganisational changeInternational businessOrganisational behaviourStrategic managementManaging employee relations

Career opportunities General Manager, Human Resource Manager, Occupational Health and Safety Manager, Industrial Relations Manager, Project Manager, Business Development Manager, Entrepreneur

Courses Bachelor of Business, Bachelor of Business (Psychology), Bachelor of Business and Commerce, Bachelor of Business Science

Campus Caulfield, Gippsland, South Africa, Malaysia, Off campus

MarketingWhat is it? Are you interested in products, brands and media? Of course you are – products, brands and the media have a big influence on our lives (think iPhone, Google, Greenpeace, AFL and Coca-Cola). Then you need to learn more about marketing. The exchange of value between the customer and the organisation is the core of marketing. By thoroughly understanding the needs of customers, marketers can design and develop goods and services that appeal to customers and, through effective distribution and communication, deliver value to both the organisation and the customer.


Principles of marketingBuyer behaviour Marketing research methodsBrand managementMarketing communicationsNot for profit marketingStrategic marketingServices marketing

Career opportunities Marketing Manager, Brand/Product Manager, Sales Manager, Market Researcher, Digital Strategist, Advertising Executive, Social Media Manager, Customer Relationship Manager, Media Planner, Sponsorship Manager

Courses Bachelor of Business, Bachelor of Business (Marketing), Bachelor of Business (Psychology), Bachelor of Business Administration, Bachelor of Business and Commerce, Bachelor of Business Science, Bachelor of Commerce, Bachelor of Commerce Scholars Program

Campus Berwick, Caulfield, Clayton, Gippsland, South Africa, Malaysia, Off campus

Marketing and CommunicationWhat is it? Are you interested in a career where you can communicate the key messages of brands, companies and not-for-profit agencies to many different audiences? This major is built upon the interrelated disciplines of marketing and communication which play a key role in helping organisations respond to their customers and other stakeholders. Marketing and communications professionals are typically responsible for developing and managing an organisation’s brand messages and communicating these messages to the organisation’s target audience. They use many different channels, including the media, direct marketing, social media, and internal communications. Their role also involves monitoring and managing these channels to make sure their organisation is always on message. In the not-for-profit sector, marketing and communications professionals also develop and evaluate campaigns aimed at addressing specific health, environmental, or social issues. This course has a strong applied focus and is designed to cultivate graduate skills.


Social marketingConsumer psychologyStakeholder marketing communicationResearch methods and analysisBusiness strategyFinancial managementBusiness information and systemsFestivals and eventsTourism marketingSport marketing and sponsorship

Career opportunities Marketing Communications Manager, Communications Consultant, Public Relations Coordinator, Brand Manager, Marketing Coordinator, Corporate Communications Manager


Campus Peninsula

Management studies What is it? Management is about the knowledge and skills you need to one day start your own company or lead an organisation. Management studies explores what managers do in the context of broader organisational and social theories. As part of a management studies major you will focus on concepts of leadership, the strategic choices facing organisations and the ethical and social aspects of management decisions.


Introduction to managementOrganisations: contexts and strategiesOrganisational behaviourStrategic managementInternational HRMManagement in small firmsManaging conflict

Career opportunities General Manager, Human Resource Manager, Occupational Health and Safety Manager, Industrial Relations Manager, Project Manager, Business Development Manager, Entrepreneur


Campus Clayton

Monash University

For more information on our majors go to www.monash.edu.au/business-economics

Philosophy and Politics*What is it? Are you a big picture person? Are you fascinated by how the world works and what could be done it make it better? You’ll finally get your chance to tackle these big questions with a major in philosophy and politics. Many students like to combine their commerce major with a second major in philosophy and politics. It’s also the perfect complement to studies in economics. Philosophy encourages critical thinking, logic and the development of arguments, all of which are valuable in any career. Politics will give you an understanding of how political systems work and in turn how they impact the economy.


Philosophy: Introduction A (Life, death, and morality)Philosophy: Introduction B (Time, self, and mind)Philosophy: EthicsAustralian politics and governmentIntroduction to international relationsNature, law, revolution: Political ideas in context

Career opportunities Politician, Public servant, Political Adviser, Lobbyist, Business Manager

Courses Bachelor of Commerce, Bachelor of Commerce Scholars Program, Bachelor of Commerce and Bachelor of Economics, Bachelor of Economics, Bachelor of Economics Advanced with Honours

Campus Clayton*This major can only be taken as a second major.

sports ManagementWhat is it? Do you want to learn how to make money out of sport? Sport is a global business and one of the world’s most important cultural activities. Sporting events such as the Australian Open, the Olympics and the AFL are all thriving businesses that need sports management experts to manage, plan and execute them. As a sports manager you will work across business development, marketing and administration to help make sporting events successful or effectively manage sporting facilities.


Sport, culture and industrySports economicsConsumer psychologySport financeSports law and policyFestivals and eventsSports marketing and sponsorshipBusiness strategy

Career opportunities Event Manager, Sponsorship Consultant, Sports Personality Manager, Sports Facilities Manager, Sports Sales Executive, Sport and Recreation Manager, Sports Marketing Manager, Sports Operations Manager


Campus Peninsula

sustainabilityWhat is it? Sustainability is about living – and doing business – in a way that does not jeopardise future generations. This means acting in a way that does not pollute or deplete resources like water, air, land or forests. Sustainability professionals help businesses operate in sustainable ways.


Sustainability and the lawEconomics of climate changePrinciples of microeconomicsThe global challengeProsperity, poverty and sustainability in a globalised worldSystems thinking for sustainability: a policy perspectiveEnvironmental economics

Career opportunities Policy Maker, Politician, Researcher, Policy Advisors, Sustainability Consultant, Manager Business and Sustainability


Campus Clayton

Psychology*†

What is it? Psychology examines human nature: how we interact, operate and think. It is concerned with problem-solving, perception, decision making and communication. Business psychology seeks to adapt this understanding to assist organisations to operate more effectively.


Developmental and biological psychologyCognitive and social psychologyResearch design and analysisAbnormal psychologyPsychological testing, theories of ability and ethicsPerception and personality

Career opportunities Organisational Psychologist, Employment Consultant, Sport and Exercise Psychologist, Recruitment Analyst, Change Manager

Courses Bachelor of Business, Bachelor of Business (Psychology)

Campus Caulfield

*This major can only be taken as a second major. †There are certain requirements to meet professional accreditation as a psychologist which can impact other majors. For more information, talk to your course advisor.

18 our MAJoRS

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19Monash University

If you want to make a real contribution to the world of business, our Bachelor of Business degree is a great way to get started. To be successful in business you need practical skills and a strong understanding of the complexities of the business environment – in particular, how the individual parts of a business work, and how they affect each other and the overall success of a business.

Whether you end up working in a global organisation with thousands of employees, or a small business with just a few staff, a broad understanding of business fundamentals and how a business works will be essential to advance your career.

This is what sets our Bachelor of Business degree apart. As well as developing technical expertise and practical skills in your area of specialistion, you will also learn crucial skills such as how to think analytically, how to act decisively, and how to manage people. It’s this mix of practical and analytical business skills that will give you the confidence and ability to make positive contributions to your organisation – and improve the way your business operates.

Studying business at Monash, also gives you the flexibility and choice to explore your interests and discover new ones. The degree will open you up to a new world of possibilities, and give you the opportunity and skills to do anything you want to do.

What will i study? You will study 24 units (subjects) to complete this course – normally four units per semester.

To give you a solid business foundation, you will study six compulsory units in your first year. These give you a taste of each of the main areas of business study.

Principles of accounting and financeCommercial lawMicroeconomicsBusiness statisticsIntroduction to managementMarketing theory and practice

(You don’t need to have studied commerce subjects in Year 12 to do well in these units because we start at an introductory level. However, studying commerce subjects may boost your ATAR. See page 36.)

From that point, the choice is yours! You must study another eight units in one area of business to make up your major (or specialisation). Within the Bachelor of Business, there is a wide variety of majors to choose from, see page 34 for a full list.

As well as your core and major units, you will also study a further 10 units to complete your degree. Two units must be electives from within the Faculty of Business and Economics. The remaining eight units can be electives from within the Faculty of Business and Economics or from faculties across the university*. You can also use these eight units to form a second major.

*Subject to availability and capacity.

Double degrees Want to graduate with two degrees? You can, by enrolling in a double degree. Double degrees only require one extra year of study and you will graduate with two qualifications under your belt. You can combine the Bachelor of Business with degrees in:

Arts Health Science Journalism Sport and Outdoor Recreation Visual Arts

The full list of double degrees as well as information about the prerequisites and ATARs required is provided on page 35.

Bachelor of BusinessATAR 80-82

iB 30

Prerequisites See page 35

Majors Accounting, banking and finance, business law, business strategy, econometrics, economics, finance, human resource management, international business, management, marketing, marketing and communication, psychology, sports management, tourism (minor)

Campus Caulfield, Peninsula

20 bachelor of BUSiNESS

Problem-based learning At Monash, you have the unique opportunity to choose the style of learning you would like to participate in as part of your business studies.

Problem-Based Learning (PBL) mode is offered at our Peninsula campus. Here, instead of the traditional lecture and tutorial-style learning, you will work with a small team of fellow students and an academic mentor to create practical solutions to real life problems. You’ll solve real problems, and learn the principles of each subject along the way. Site visits and industry placements form an integral part of the problem based learning strategy. PBL students normally attend class four full days each week, with less study required outside class than would be expected if you were learning via the traditional lecture format. You can also combine your PBL-mode units with one or more lecture-mode units at another campus as part of a second major.

Career outcomes There are few fields of study that open up as many career opportunities as business. Our graduates are employed around the world. They work in large internationally recognised organisations and in small start-ups. They work in the media, in arts, in advertising and in health. They work for the government, for corporations and for themselves. They work as auditors, accountants, business analysts, bankers, consultants, marketing co-ordinators, managers, economists, entrepreneurs, business owners and in other roles too numerous to mention. The range of career options available to you depends on the units (subjects) you choose and we offer lots of choice so you can explore many career paths.

As a Business student, your course plan could look like this:

When I finished high school, I wasn’t sure exactly what I wanted to do. I was interested in working in a creative field, but I thought a general business degree would be a great basis for a future job. I knew that someday I wanted to run my own company and a business degree would be the right starting point.

I chose Monash University because of its reputation. I knew that Monash was an internationally renowned university, and I wanted to make sure my qualifications counted around the world. I also knew that the marketing subjects offered at Monash were some of the best available to me in Melbourne.

I studied a major in marketing, because it gave me the creative aspect I was looking for. My favourite subject was buyer behaviour– it was part psychology, part marketing, the subject really gets to the bottom of why people are attracted to certain things and how advertising is involved in the buying process.

After I graduated I joined the sales division of Hardie Grant Media. It was a fantastic opportunity for me, because it was a job that allowed me to combine my marketing and sales skills in a really creative and dynamic environment.

As an Account Manager my job is really varied, I work closely with clients, building customer relationships. I also work on new business proposals, manage print and digital sales targets and coordinate email marketing projects.

One of the great things about having a Bachelor of Business is that the course has great practical applications. I use the things I’ve learnt, such as writing SMART goals, creating a SWOT analysis, budgeting for proposals or researching market gaps almost every day in my job.

Bonnie JacksBachelor of Business2008

Account Manager, Hardie Grant Media

21Monash University

Year level 1

Semester 1 Introduction to management Marketing theory and practice Business statistics Faculty elective

Semester 2 Principles of accounting and finance Commercial law Microeconomics Faculty elective

Year level 2

Semester 1 Major Major Elective (Second major) Elective ((Second major)

Semester 2 Major Major Elective (Second major) Elective (Second major)

Year level 3


Semester 2 Major Major Elective (Second major) Elective ((Second major)

For more information on PBL go to www.buseco.monash.edu.au/undergrad/bbus/pbl/

Make an impact. Challenge the status quo. Find new solutions. Be involved in decisions that affect millions of lives. With a degree in commerce from Monash University, you will develop the skills and expertise to play a leading role in the commercial world.

Monash’s Bachelor of Commerce will give you a thorough understanding of the economy and business, beyond the daily management of an organisation. You’ll learn how a business operates, as well as explore how all the economic, political, social, cultural and technological decisions that go along with businesses can positively and negatively impact on our society, or even the world.

As well as giving you the practical skills you need to be successful in your chosen career, our Bachelor of Commerce will give you the opportunity to grow your critical-thinking skills and increase your capacity to analyse complex problems and develop solutions to them. This means you’ll head out into the workforce with the ability to improve the way the world operates.

A degree in commerce opens up a world of opportunity and equips you with the skills and knowledge you’ll need to make a difference.

What will i study? You will study 24 units (subjects) to complete this course – normally four units per semester. To give you a solid commerce foundation, you will study six compulsory units in your first year. These give you a taste of each of the main areas of commerce study.

Principles of accounting and financeBusiness lawPrinciples of microeconomicsBusiness and economic statisticsIntroduction to managementPrinciples of marketing

(You don’t need to have studied commerce subjects in Year 12 to do well in these units We start at an introductory level.)

From that point, the choice is yours! You must study another eight units in one area of commerce to make up your major (or specialisation). Within the Bachelor of Commerce, there is a wide variety of majors to choose from, see page 34 for a full list.

As well as your core and major units, you will also study a further 10 units to complete your degree. Two units must be electives from within the Faculty of Business and Economics. The remaining eight units can be electives from within the Faculty of Business and Economics or from faculties across the university*. You can also use these eight units to form a second major.

*Subject to availability and capacity.

Double degrees Many students choose to combine the Bachelor of Commerce with another degree. Here are some of the reasons why:

– If you combine a Bachelor of Commerce with a Bachelor of Economics you can major in three areas – economics, accounting and finance. This very popular combination of three majors sets graduates apart in the employment market.

– Even if you are planning to work as an engineer, scientist or lawyer (just to name a few), you may ultimately want to work as the manager of a firm, or run your own business. Combining your engineering or science or law studies with a Bachelor of Commerce gives you a head start. You graduate equipped to operate in a commercial setting.

– Combining a Bachelor of Commerce with an arts degree means that you can, for example, continue to study a language – or pick up a new one. You can also include majors like politics or geography in your studies. This can be particularly beneficial if you have ambitions in international business, politics or diplomacy.


Bachelor of CommerceATAR 90+

iB 33


Majors Accounting, actuarial studies, business modelling, econometrics and business statistics, economics, finance, financial and insurance mathematics, international commerce, management studies, marketing, sustainability, philosophy and politics

Campus Clayton

22 bachelor of CoMMERCE

The Bachelor of Commerce Scholars Program The Bachelor of Commerce Scholars Program is for high achieving local Year 12 students. As a scholar you will receive a $6000 per annum scholarship, mentoring by senior faculty staff, and access to a scholar study room. You will also be eligible to attend guest lectures, workshops and seminars. The scholars program is competitive and limited in number. You will need an ATAR of 98+ to be eligible for the program.

Career outcomes Career opportunities depend on the units taken. Many graduates end up in leadership roles. Some of our recent graduates are currently employed as economists, accountants and financial analysts in banks and other large multinational companies, sustainability managers across a variety of organisations, business analysts in numerous organisations and some are running their own company.

And future employment prospects for commerce graduates are strong. For example, Australian government indicators predict employment opportunities for economists, actuaries and marketing professionals are expected to grow.**

**Department of Education, Employment and Workplace Relations. (2011) Job Outlook [Data file]. Retrieved 2 December 2011, http://joboutlook.gov.au/

As a Commerce student, your course plan could look like this:

23

I chose to do a Bachelor of Commerce with a major in economics because I had been interested in finance and politics from a young age, and I had a great economics teacher who inspired me to study it at university. It was my high school economics teacher who suggested studying at Monash. He advised that Monash had a strong brand and that would improve my application when I started applying for jobs after graduating.

The Bachelor of Commerce provides a strong base of skills in a broad range of areas relevant to business and government. A key strength of the economics specialisation is the ability to choose subjects which provide a strong policy or quantitative focus, depending on your preferences.

One of the best things about the course was learning just how applicable economics is to our daily lives. I particularly enjoyed the study and debates on policy issues in areas such as industrial relations (labour economics), investment in hospitals and treatments (health economics) and the

least cost means of limiting environmental damage (environmental economics).

After I graduated I started work as a policy officer with the Australian Government before working as a Management Consultant at PricewaterhouseCoopers, specialising in government, education and health. I’m now working as a Senior Policy Analyst with the Department of Treasury and Finance.

A typical day for me involves working with other departments to develop policy options for Ministers to improve education and health outcomes within budgets and providing economic policy advice to the Treasurer on a range of education and health issues.

I apply the skills I learned at university all the time. My job is all about applying economic principles to real problems, writing clear and concise arguments, presenting the case for reform and influencing others to support new ideas. My university degree provided me with a good foundation in each of these areas.

Michael GolsworthyBachelor of Commerce2003

Senior Policy Analyst, Department of Treasury and Finance

Year level 1

Semester 1 Principles of marketing Introduction to management Business law Faculty elective

Semester 2 Principles of microeconomics Business and economic statistics Princples of accounting and finance Faculty elective

Year level 2



Year level 3



Monash University

If you’re interested in why leaders make the decisions they do, and how their decisions can affect the economy of a whole country, or even the world, then our Bachelor of Economics is for you.This course will give you a solid education across the field of economics and encourage logical thought and detailed analysis of economic issues. And, with demand for economists on the rise, you’ll experience exciting employment opportunities when you graduate.

What will i study? You will study 24 units (subjects) to complete this course – normally four units per semester.

You start with six core (compulsory) units:Principles of microeconomicsPrinciples of macroeconomicsBusiness and economic statisticsData modelling and computingIntermediate microeconomicsIntermediate macroeconomics

(You don’t need to have studied Economics in Year 12 to do well in this course. We start at an introductory level.)

From that point on, the choice is yours. You need to choose eight units (which can include core units) to comprise a major in actuarial studies, economics, econometrics and business statistics, and/or financial and insurance mathematics. You choose your other units from any business/commerce-related field, or any other discipline offered at the university. These units can form a second major.

Double degrees Many students choose to combine their Bachelor of Economics with another degree in arts or commerce.


Bachelor of Economics Advanced with honours The Bachelor of Economics Advanced with Honours offers high achieving students a great start to their career. As an Honours graduate, you’ll have an advantage when competing for jobs with applicants who only have a bachelor degree, and some employers, such as key government departments, only employ students with an honours qualification (or better). Starting salaries for honours graduates are also generally higher.

The course content is similar to the Bachelor of Economics but it also includes two 12-week industry placements. This specialist degree includes some econometrics and mathematics units allowing you to carry out analytical and technical study. You’ll be able to major in actuarial studies, economics, econometrics and business statistics, or financial and insurance mathematics through this program.

Students selected for the course will receive a scholarship of $12,000 for each of the two placements. It normally takes four years to complete this degree.

Career outcomes Many graduates work as economists or in the stock market. They also move into fields such as investment, politics, government and international trade.

Bachelor of EconomicsATAR 90+

iB 33


Majors Actuarial studies, economics, econometrics and business statistics, financial and insurance mathematics, philosophy and politics

Campus Clayton

24 bachelor of ECoNoMiCS

As an Economics student, your course plan could look like this:

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I wanted to study something that was related to business, but was also very people-focussed and applicable to broader society. I was looking for an alternative to the pure ‘business’ degree and I have always been fascinated by the media and society, which led to a Bachelor of Economics/Bachelor of Arts with majors in economics and sociology.

I saw economics as a way to link the social factors that interested me to a business-focused outcome. For example, how we behave at work (as the labour force), in the supermarket (as consumers), and even with our friends (as social beings) can drive legislation, the success of a new product, or a company’s share price.

I didn’t have a specific career outcome in mind at the beginning of my course – I thought a role in public policy or a consumer association might be interesting, however I have landed almost at the opposite end of the spectrum, working for large companies in the private sector.

I chose to study at Monash because the university has an excellent reputation for its business and commerce degrees. It also has a global footprint, meaning my qualification would be recognised overseas. I knew this could be important if I wanted to work abroad in the future.

The core subjects within economics give you an excellent grounding from a commercial perspective, while the electives allow you to pinpoint your true area of interest. Meanwhile, the flexibility of arts allows you to explore personal interests, express your creativity and stretch your thinking with a diverse group of peers.

When it comes to job hunting, I find that my specialisation in economics can be a point of difference from my competition. Likewise my study of sociology, French and music within my arts degree are great conversation points and helps define me as a well-rounded candidate with broad interests.

I currently work at ANZ Financial Planning, which falls under ANZ’s Global Wealth and Private Banking division. As Manager, Customer Segments, my role is to design and implement initiatives for our Financial Planning business which meet the needs of our priority customers.

This means I need an excellent knowledge of superannuation, insurance and investment products, as well as how to construct business strategies and a broad understanding of market and consumer trends.

Jeanette CheahBachelor of Economics/Bachelor of Arts2005

Manager, Customer Segments, ANZ

Year level 1

Semester 1 Principles of microeconomics Business and economics statistics Elective Elective

Semester 2 Principles of macroeconomics Data modelling and computing Elective Elective

Year level 2

Semester 1 Intermediate microeconomics Major Elective Elective

Semester 2 Intermediate macroeconomics Major Elective Elective

Year level 3

Semester 1 Major Major Elective Elective

Semester 2 Major Major Elective Elective

Monash University

If you want to be an accountant and graduate from a course where, in a typical year, 100% of students are employed before they’ve finished, then this is the degree for you. The Bachelor of Accounting is Monash University’s premier accounting course. It combines on-campus learning with industry-based placements at major accounting firms, giving you six months of practical, industry-based learning during your degree.

Students in this course receive an industry-funded scholarship of $16,000. The scholarships are provided by industry sponsors, who play an important role in the industry-based learning periods. During the industry-based learning periods, students work in corporate settings and complete specified projects determined jointly by academics and industry sponsors.

What will i study? You will study 22 units (subjects) to complete this course. The course structure has three main components:

– A set of 14 compulsory units which provide the necessary business and accounting skills and satisfy the educational requirements of various professional accounting bodies in Australia.

– Six open electives which, if taken in the finance field, can form a finance major. Alternatively, you could choose units in an area other than accounting, from across the university, such as a language.*

– Two industry-based learning units.

*Timetable and capacity permitting.

Compulsory units includePrinciples of accounting and financeIntroduction to financial accountingFinancial accountingCost information for decision makingCorporate financeAdvanced financial accountingPerformance measurement and controlAuditing and assuranceBusiness lawAustralian company lawTaxation lawPrinciples of microeconomicsBusiness and economic statisticsIntroduction to management

Career opportunities Accountants are in demand because they are vital to the success of every business, in every industry. As an accountant, you can have a variety of roles or work in any number of speciality areas – such as tax, auditing, budgeting, forensics or liquidation.

Bachelor of AccountingATAR 90+

iB 33


Majors Accounting, finance

Campus Clayton

26 bachelor of ACCoUNTiNG

As an Accounting student, your course plan could look like this:

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When I first enrolled in the Bachelor of Accounting at Monash, I knew I had a passion for accounting, but I wasn’t really sure where it would take me.I chose to do my degree at Monash for a couple of reasons – the university has a strong international reputation, it offered a breadth of commerce courses, and it was close to home.

I chose the Bachelor of Accounting because of its industry-based learning component – the fact that you could integrate your studies with work experience was a big plus for me. It was this practical work experience that has shaped my career.

A surprising thing I learned during my course, was that while delivering work of a high standard is important, one of the most highly valued skills in the real world is the ability to connect with colleagues and clients. This surprised me, because there is a perception that accountants don’t have much of a personality! But in fact, good communication and people skills are an important part of the role. The industry placements help you develop these skills and give you confidence in the workplace.

I did my first work placement at Amcor, and they extended my placement for five weeks so I could the complete the project I was working on. My second placement was at PricewaterhouseCoopers, and at the end of my 12 weeks, they offered me a part-time job. I worked for PwC throughout my third year of uni, and accepted a full-time position with them before I graduated.

As a tax consultant at PwC, in the division of International Assignment Solutions, I provide tax advice to Australians who are working internationally, and those who are from overseas, but working in Australia. A typical day in my job involves preparing tax returns and tax equalisation calculations for these workers, attending briefings to provide taxation advice, and working directly with clients. I also get to work closely with managers and senior staff in PwC and have direct contact with directors and partners.

The best part of studying the Bachelor of Accounting at Monash was not only having access to some of the best educators in the country and getting a world-class education, it was the fact that future employers know Monash graduates are well-trained and equipped with the necessary skills to perform in the field.

Cathryn MannBachelor of Accounting2012

Tax consultant, PricewaterhouseCoopers

Year level 1

Semester 1 Principles of accounting Principles of microeconomics Business and Introduction to management and finance economic statistics

Semester 2 Introduction to financial Corporate finance Business law Elective accounting

Year level 2

Semester 1 Financial accounting Cost information for decision Australian company law Elective decision making

Semester 2 industry Based Learning A (14 weeks period of industry-based learning)

Summer Semester industry Based Learning B (12 weeks period of industry-based learning)

Year level 3

Semester 1 Advanced financial accounting Taxation law Elective Elective

Semester 2 Auditing and assurance Performance measurement Elective Elective and control

Monash University

Bachelor of Business Administration

28

Monash University’s new Bachelor of Business Administration will give you the skills to make your mark in the business world. This outstanding degree offers you the chance to gain a business qualification from a world-class university, without requiring the year 12 maths prerequisites of our other business courses.

Within the Bachelor of Business Administration you can choose to major in accounting, finance and economics or marketing. These majors have been selected due to the strong employment outcomes available for graduates with these skills.

Students in the Bachelor of Business Administration experience the same benefits as other Monash business students, including internships, overseas study opportunities and access to excellent facilities and teaching staff.

What will i study?To give you a solid business foundation, you will study 10 compulsory units. These units will give you skills in a range of discipline areas.

Principles of accounting and financeCommercial lawIntroductory microeconomicsBusiness statisticsData managementIntroduction to managementOrganisational behaviourHuman resource managementBusiness strategyMarketing principles and practice

You must study another 10 units in accounting, finance and economics or marketing to make up your major. As well as your core and major units, you will also study a further four units to complete your degree. These remaining units can be chosen from within the Faculty of Business and Economics or from other faculties across the university*.

*Subject to availability and capacity

Career outcomes With demand for accountants growing, the finance sector booming and marketing opportunities increasing, strong employment outcomes are expected for graduates of the Bachelor of Business Administration. The range of career options available to you depends on the major you choose, however, graduates are expected to find work as accountants, marketers, business managers and financial experts.

ATAR 72-75 (Indicative ATAR)

iB 24


Majors Accounting, finance and economics, marketing

Campus Berwick

As a Business Administration student, your course plan could look like this:

Year level 1

Semester 1 Principles of accounting Commercial law Introductory microeconomics Business statistics and finance

Semester 2 Introduction to management Marketing principles Data management Elective and practices

Year level 2

Semester 1 Organisational behaviour Human resources management Major Elective

Semester 2 Major Major Major Elective

Year level 3

Semester 1 Major Major Major Elective

Semester 2 Business strategy Major Major Major

bachelor of BUSiNESS ADMiNiSTRATioN

29

BAChELoR oF BUSiNESS AND CoMMERCE

Campus Gippsland, Malaysia, Off campus

ATAR N/A

iB 26


Majors Accounting, banking and finance, business law, business information systems, e-business, econometrics and business statistics, economics, finance and macroeconomics, human resource management, international business, management, marketing

The Bachelor of Business and Commerce is a global, flexible degree that offers you the opportunity to create a study program which best suits your proposed employment goals and business discipline interests. During the course, you will consider a broad range of key international issues relevant to particular disciplines. The course will expose you to research findings and approaches relevant to the disciplines.

You can combine the Bachelor of Business and Commerce with degrees in: arts and social sciences, civil and environmental engineering, communication, information technology and systems or visual and media arts.

BAChELoR oF BUSiNESS SCiENCE (ACCoUNTiNG)

Campus South Africa

ATAR N/A

iB 26


Majors Accounting

The Bachelor of Business Science (Accounting) is a specialist accounting degree which will provide you with high-level skills in accounting and general skills in South African business law. The course blends a theoretical framework with a range of practical applications, and covers basic discipline material through to more specialised accounting concepts.

BAChELoR oF BUSiNESS SCiENCE

Campus South Africa

ATAR N/A

iB 26


Majors Accounting, economics, management, marketing

The Bachelor of Business Science is a flexible course allowing depth and breadth of study in the major business disciplines. The course comprises six core units across key business areas. From that point on, you may choose from a wide variety of electives that may be taken from any faculty. You must include a sequence of units which must include a major in one of accounting, economics, management, or marketing.

BAChELoR oF CoMMERCE (ACCoUNTiNG)

Campus Malaysia

ATAR N/A

iB 33


Majors Accounting

This degree has been designed to help you develop the conceptual and decision making skills necessary for effective management in the continuously changing domestic and international field of professional accounting. It has a strong emphasis on developing analytical skills and offers a solid grounding and professional competence in all aspects of commerce required for careers in the private or public sectors. You can also study a banking and finance specialisation as a second major.

Courses at other campuses

Monash University

You can focus on studying a particular language at Monash with the Diploma of Languages.

DiPLoMA oF BUSiNESS This course provides a pathway to tertiary education for supervisory and administrative personnel whose knowledge is largely self-developed. It is designed to provide a broad knowledge base in business and develop in students the management skills to recognise and implement improvement opportunities within organisations. It is studied in off-campus learning mode over two years (part time).

DiPLoMA oF TERTiARY STUDiES (DoTS) This course offers an alternative entry pathway for students wishing to study at the Gippsland, Berwick or Peninsula campuses. Students can use the course to explore their academic options and gain credit in a range of degrees. The one year course consists of two core units that provide study skills, along with six units from elected areas of interest. Units are available in arts and communications, business and economics, computing and information technology, education and nursing. It is usually studied at the campus where you are seeking to complete a degree.

30

Pathway courses

Diploma of Languages You can focus on studying a particular language at Monash with the Diploma of Languages. This can be completed at the same time as your degree and will normally add up to a year to your studies. It is the equivalent of a language major and it can be taken by both beginners and those with a language background, as there are several entry levels.

Students can do an in-country intensive program of four to eight weeks duration or spend a whole semester abroad as part of the program. Languages offered are Chinese, Classical (Greek, Latin), French, German, Indonesian, Italian, Japanese, Korean, Spanish, and Ukrainian.

pathway CoURSES

31Monash University

When I finished school, I didn’t have a grand plan for what I wanted to do in the future. I’d studied economics at school and really enjoyed it, and I got good marks, so I enrolled in the Bachelor of Commerce/Bachelor of Arts degree. I chose Monash because it was close to home and seemed like a really good place to study. I really liked the variety in commerce, you didn’t have to have a specific goal in mind in order to study, and you could pick from a range of subjects. I decided to major in economics, and I had a great lecturer that was open to discussion and made it interesting.

It wasn’t until the summer before my final year – when I took up an internship at The Allen Consulting Group – that I had my first taste of how my economic studies could be used in a professional sense. Through my internship and my final year studies, I realised that I was more interested in the social policy side of economics, so I decided to pursue a career in the public service.

Jonathan RochwergerBachelor of Commerce/Bachelor of Arts 2009

Analyst

When I finished high school and started my degree, I planned to work as a solicitor and later a barrister. However, during my time at uni, I began to realise that I found the economics and taxation law subjects more interesting, and I shifted my focus from law to economics.

At the end of my third and fourth years of university I worked as a vacation student in the tax team at Ernst & Young. It was a great experience, and also helped me decide that I wanted to be an economist rather than a solicitor.

While I was at uni I used my commerce electives to experience different area of economics, and I used my law electives to study related subjects such as taxation law and insolvency. The commerce degree provided both a well-rounded base and the opportunity to specialise in an area of particular interest, which for me was economics. And while I never liked Accounting 101, there have been times that I have been grateful to have a basic overview of debits and credits!

When I graduated, I was employed by Ernst & Young as a Tax Consultant in the Indirect Taxes and Incentives team. My responsibilities included tax compliance and the preparation of client advice in respect of GST, fringe benefits tax (FBT), research and development grants (R&D) and stamp duty. The tax training and experience I obtained at Ernst & Young provided a strong background to develop the skills I needed to work as an economist.

Jacqueline BastianiBachelor of Laws/Bachelor of Commerce 2008

Senior Economist

Double degreesSee what our graduates have to say about studying a double degree

For a full list of double degree options see page 35.

I knew wanted to pursue a career in accounting and finance, and that the best way to do that was through a double degree in commerce and business systems. I chose my major in finance after taking the core units in my first year. I had no preference when I got into the course and it was great that at Monash you didn’t have to choose a major straight away. The units were varied and had lots of practical learning and application. For one of the units, we were able to undertake an assignment based on the current recommendations on banking laws and regulations.

And for another unit, we analysed Telstra’s financial statements. One of the best things about studying at Monash is that learning is not just confined to the lecture halls. I was able to email tutors, lecturers and fellow students, or post questions on online forums. The style of learning helped me to become more proactive, a skill that still proves to be very important to this day.

Hope TanBachelor of Commerce/ Bachelor of Business Systems

Graduate Financial Accountant

CLCF

P

G

B

ViCToRiA

Monash University is the largest university in Australia with five campuses across Victoria. our campuses include:

Berwick (B)Berwick is Monash University’s newest Australian campus about 40 kilometres south east of the city, close to Berwick railway station and a large public park. The modern buildings are set on 52 hectares and include state-of-the-art learning and teaching facilities.

Caulfield (CF) Caulfield is approximately nine kilometres from the centre of Melbourne and is located at a major public transport hub – trains, trams and buses regularly service the campus. There is a variety of student accommodation available close to the university. On campus student services include a health centre, counselling services and a language and learning facility. The campus has well-equipped sports facilities and is close to shops and cafes.

Clayton (CL)Clayton is the largest Monash campus, situated 20 kilometres southeast of Melbourne’s central business district. The buildings are set in 100 hectares of parkland and there are extensive car parking facilities and a major bus terminus. There are about 1500 students living on-campus and the campus offers a great variety of sporting, cultural and educational facilities.

Gippsland (G)Located in Churchill in the Latrobe Valley, about two hours’ drive east of Melbourne, the Gippsland campus is within easy reach of both the coast and snowfields. The campus has purpose-built educational facilities of the highest standard. Outside class times you can enjoy an art gallery, a bookshop, a golf course, a licenced bistro, or the student lounge. There are more than 300 fully furnished units available for on-campus living.

Peninsula (P)The campus is located in the City of Frankston with excellent access to the beach resorts of the Mornington Peninsula and Port Philip Bay. Only 45 kilometres from Melbourne, public transport to and from the campus is very convenient and car parking is readily available. The Peninsula campus has a range of cultural and sporting facilities.

Travelling between Melbourne campusesMonash provides a free bus service between certain campuses as well as between some train stations and campuses. Shuttle buses run in both directions from Clayton to Berwick, Clayton to Caulfield and Clayton to Peninsula campuses, as well as between Frankston train station and the Peninsula campus. The Caulfield campus is right next to the Caulfield train station.

Monash campuses

32 monash CAMPUSES

CLCF

P

G

B

MalaysiaThe campus located at Bandar Sunway in Petaling Jaya, is a purpose-built facility located about 20 minutes from downtown Kuala Lumpur. The first foreign university to open in Malaysia, Monash’s Sunway campus is equipped with excellent academic and recreation facilities, and has over 5000 students.

South AfricaLocated in Ruimsig, in the province of Gauteng, the campus is about 25 kilometres northwest of the Johannesburg city centre. The state-of-the-art campus is complete with student accommodation, computer labs, restaurants, lecture theatres and sports facilities, including a gym. Its central location makes it a great base for exploring South Africa.

italyMonash’s Prato Centre is located in Prato, Prato is a small but thriving Tuscan city, in the heart of Florence, The Centre occupies the ground and first floors of an 18th century palazzo, called Palazzo Vaj, and is a great starting point for visiting institutions such as the European Commission in Brussels and the OECD in Paris.

iNTERNATioNAL

Monash University also has several international campuses, giving students the opportunity to study abroad and experience new cultures. our international campuses include:

33Monash University

Bachelorof BusinessAdministration



Bachelor of Accounting

Bachelor of Economics

Bachelor of Economics Advanced with Honours

Bachelor of Commerce(Accounting)

Bachelor ofBusiness & Commerce

Bachelor ofBusiness Science

Bachelor ofBusiness Science(Accounting)

B CF P CL CL CL CL M G M oCL SA SA

Accounting • • • • • • • • • •

Actuarial studies • • •

Banking and finance • •

Business law • •

Business modelling •

Business strategy •

Business information systems • management*

e-Business •

Econometrics • Econometrics and business statistics • • • •

Economics • • • • • • • •

Finance •

Finance and economics •

Finance and macroeconomics • •

Financial and insurance mathematics • • •

Human resource management • • •

International business • •

International commerce •

Management • • • • •

Management studies •

Marketing • • • • • • •

Marketing and communication •

Philosophy and politics* • • •

Psychology*+ •

Sports management •

Sustainability •

Tourism (minor) •

Majors by course and campus

M Malaysia

oCL Off Campus Learning

PV Parkville

P Peninsula

SA South Africa

34

# Special note about the Gippsland campus. Monash University and the University of Ballarat are exploring a proposition to create an expanded, regionally-focused university with a new name. Should the proposition be approved, Monash University’s Gippsland campus would become an expanded university with a new name from 1 January 2014. Further details are available at www.monash.edu.au/gippslandfuture. Under the arrangement, the campus is expected to offer a range of courses that would take

advantage of the Gippsland campus’ location and the regional expertise of the University of Ballarat. As these course offerings may change throughout 2013, please visit www.vtac.edu.au to ensure you have the latest information on what courses will be available. Please note that if the proposition is approved, new students will be admitted into courses offered by the expanded university. Monash University will not be admitting new students (except from agreed pathways) into Monash courses at the Gippsland campus.

majors BY CoURSE & CAMPUS

* These majors can only be undertaken as a second major. (Your first major must be from the Faculty of Business and Economics and be taken on your campus of enrolment).

+ There are certain requirements to meet professional accreditation as a psychologist which can impact other majors. For more information, talk to your course advisor.

Campuses

B Berwick

CF Caulfield

CL Clayton

G Gippsland#

Single degrees

Bachelor of Accounting 1 90+ 1 33 CL 3

Bachelor of Business 2 80-82 2 30 CF, P 3

Bachelor of Business Administration 3 72-75# 1 24 B 3

Bachelor of Business (Accounting) 2 82+ 2 30 CF 3

Bachelor of Business (Banking and Finance) 2 82+ 2 30 CF 3

Bachelor of Business (Law) 2 82+ 2 30 CF 3

Bachelor of Business (Marketing) 2 82+ 2 30 CF 3

Bachelor of Business (Psychology) 2 82+ 2 30 CF 3

Bachelor of Business and Commerce 3 70-72 3 26 G, M, OCL 3

Bachelor of Business and Commerce (Finance and Investment) 3 70-72 3 26 G 3

Bachelor of Business Science 3 N/A 3 26 SA 3

Bachelor of Business Science (Accounting) 3 N/A 3 26 SA 3

Bachelor of Commerce 1 90+ 1 33 CL 3

Bachelor of Commerce (Accounting) 1 N/A 1 33 M 3

Bachelor of Commerce (Accounting and Finance) 1 90+ 1 33 CL 3

Bachelor of Commerce Scholars Program 1 98+ 1 41 CL 3

Bachelor of Economics 1 90+ 1 33 CL 3

Bachelor of Economics Advanced with Honours 1 98+ 1 31 CL 4

Double degrees

Bachelor of Arts/Bachelor of Business 2 85-90 2 31 CF 4

Bachelor of Arts/ Bachelor of Business (Accounting) 2 85-90 2 31 CF 4

Bachelor of Arts/ Bachelor of Business (Banking and Finance) 2 85-90 2 31 CF 4

Bachelor of Arts/ Bachelor of Business (Management) 2 85-90 2 31 CF 4

Bachelor of Arts/ Bachelor of Business (Marketing) 2 85-90 2 31 CF 4

Bachelor of Arts and Social Sciences/ Bachelor of Business and Commerce 3 75-80 3 26 G, OCL 4

Bachelor of Arts/ Bachelor of Commerce 1 92-95 1 34 CL 4

Bachelor of Arts Scholars program/ Bachelor of Commerce 1 94 1 38 CL 4 Scholars Program

Bachelor of Arts/Bachelor of Economics 1 92-95 1 35 CL 4

Bachelor of Arts (Global)/ Bachelor of Commerce 1 92-95 1 35 CL 4

Bachelor of Biomedical Science/Bachelor of Commerce 9 92-95 4 35 CL 4

Bachelor of Business/Bachelor of Visual Arts 4 85-90 5 31 CF 4

Bachelor of Business (Accounting)/ 2 85-90 2 31 CF 4 Bachelor of Business (Banking and Finance)

Bachelor of Business (Accounting)/ 2 85-90 2 31 CF 4 Bachelor of Business (Management)

Bachelor of Business (Management)/ 2 85-90 2 31 CF 4 Bachelor of Business (Marketing)

Bachelor of Business/Bachelor of Sport and Outdoor Recreation 2 82-85 2 30 P 4

Bachelor of Business and Commerce/ Bachelor of Communication 3 N/A 3 26 M 4

Bachelor of Business and Commerce/ 3 75-80 3 26 OCL 4 Bachelor of Information Technology and Systems

Course Typical ATAR (score to be used as a guide only)

VCE Prerequisite Requirements

IB Prerequisite Requirements

Typical IB score (score to be used as a guide only)

Campus Length of course (years)

Business courses at Monash University

Bachelor of Civil and Environmental Engineering/ 10 90 7 33 G 5 Bachelor of Business and Commerce

Bachelor of Environmental Engineering/Bachelor of Commerce 5 93-95 8 35 CL 5

Bachelor of Commerce/Bachelor of Aerospace Engineering 5 93-95 8 35 CL 5

Bachelor of Commerce/Bachelor of Business Information Systems 1 92-95 1 34 CL 4

Bachelor of Commerce/Bachelor of Economics 1 92 1 34 CL 4

Bachelor of Commerce Scholars Program/Bachelor of Economics 1 98 1 40 CL 4

Bachelor of Commerce/Bachelor of Education (Secondary) 1 90+ 1 33 CL 4

Bachelor of Commerce/Bachelor of Engineering 5 93-95 8 35 CL 5-5.5*

Bachelor of Commerce/Bachelor of Laws 8 98 1 40 CL 5.5

Bachelor of Commerce/Bachelor of Mechatronics Engineering 5 93-95 8 35 CL 5

Bachelor of Commerce/Bachelor of Science 1 92-95 1 33 CL 4

Bachelor of Health Science/Bachelor of Business 2 83-87 2 31 CF 4

Bachelor of Journalism/Bachelor of Business 2 84 2 31 CF 4

Bachelor of Journalism/Bachelor of Commerce 1 93 1 35 CF, CL 4

Bachelor of Music/Bachelor of Commerce 7 92-95 9 35 CL 4

Bachelor of Pharmacy/Bachelor of Commerce 6 92-95 10 35 PV, CL 6

Pathway courses

Diploma of Business 3 Application form 3 N/A OCL 2 and GPA

Diploma of Tertiary Studies 2 Applicants ranked 2 N/A B, P, G 1 on ATAR and the Monash University Supplementary form

Course Typical ATAR (score to be used as a guide only)

VCE Prerequisite Requirements

IB Prerequisite Requirements

Typical IB score (score to be used as a guide only)

Campus Length of course (years)

VCE Prerequisite Requirements1 Units 3 and 4 – a study score of at least

30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics.

2 Units 3 and 4 – a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematics (any).

3 Units 1 and 2 – two units (any study combination) of general mathematics or mathematical methods (CAS) or Units 3 and 4 – mathematics (any). Units 3 and 4 – a study score of at least 30 in English (ESL) or 25 in any other English.

4 Units 3 and 4 – a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematics (any) and a study score of at least 30 in art or studio arts.

5 Units 3 and 4 – a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematical methods (CAS), and a study score of at least 25 in physics or chemistry.

6 Units 3 and 4 – a study score of at least 35 in English (ESL) or 30 in any other English, and a study score of at least 30 in chemistry and mathematical methods (CAS).

7 Units 3 and 4 – a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in one of mathematical methods (either) or specialist mathematics. Plus audition, interview and Information for performance audition/composition submission form.

8 Units 3 and 4 – a study score or at least 35 in English (ESL) or 30 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics.

9 Units 3 and 4 – a study score or at least 35 in English (ESL) or 30 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics and a study score 25 in chemistry.

10 Units 3 and 4 – a study score of at least 30 in English (ESL) or 25 in any other English, a study score of at least 25 in one of physics, chemistry and in one of mathematical methods or specialist mathematics.

iB Prerequisite Requirements1 A score of at least 4 in English SL or 3

in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL.

2 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and A score of at least 4 in mathematics SL, or in further mathematics SL, or in mathematical studies SL; or a score of at least 3 in mathematics HL.

3 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 3 in any mathematics subject.

4 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL and 4 for Chemistry SL and 3 for Chemistry HL.

5 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and A score of at least 4 in mathematics SL, or in further mathematics SL, or in mathematical studies SL; or a score of at least 3 in mathematics HL and a score of at least 5 in Visual Arts SL or 4 in Visual Arts HL.

6 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 3 in any mathematics subject and a score of at least 5 in Visual Arts SL or 4 in Visual Arts HL.

7 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL and 4 for Chemistry SL and 3 for Chemistry HL and a score of at least 4 in physics SL or 2 in physics HL.

8 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL And 4 for Chemistry SL and 3 for Chemistry HL or a score of at least 4 in physics SL or 2 in physics HL.

9 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL. Plus audition, interview and Information for performance audition/composition submission form.

10 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 5 in mathematics SL or 4 in mathematics HL or 5 in further mathematics SL and 5 for Chemistry SL and 4 for Chemistry HL.

* This course may be completed in 4 or 5 years by taking an extra unit in one or two semesters. # Indicative ATAR.

The inclusion of SEAS and subject bonuses may result in applicants with an ATAR below the published ATAR score gaining course admission.

36Monash University

Employment opportunities for

economists, actuaries, human

resource professionals and marketing

professionals are increasing.

The Department of Education, Employment and Workplace Relations 2 December 2011, joboutlook.gov.au

international students

International students completing VCE or the International Baccalaureate (IB) in Australia must apply through the Victorian Tertiary Admissions Centre for fee-paying places by the end of September.

Telephone: 1300 364 133 Or if you are telephoning from overseas (+613) 9926 1020www.vtac.edu.au

Other international students should apply via Monash University’s International Recruitment Services.

international Recruitment ServicesMonash University871 Dandenong RoadCaulfield East, Victoria 3145Telephone: (+613) 9903 4788Email: [email protected]/study/international

International students should check the Monash University Undergraduate Course Guide, or visit www.monash.edu/ study/international/

This guide contains important information regarding Australian Government requirements and conditions for study in Australia, living costs, course fees, health insurance, working while you study, and work rights for your family members.

Information about visa applications can be obtained at www.liveinaustralia.com/student-visa and www.immi.gov.au/students

Your application for a student visa will be assessed according to your Assessment Level. Your Assessment Level is determined by the passport you hold and the education sector for which you are seeking a student visa.

How to apply

Australian citizens and permanent residentsCurrent Year 12 (those applicants currently completing the VCE or equivalent) and non-current Year 12 applicants with comparable Victoria, interstate or overseas Year 12 or tertiary qualifications, or people applying under the University’s Special Admission Scheme, must apply through the Victorian Tertiary Admissions Centre (VTAC).

Telephone: 1300 364 133 www.vtac.edu.au

38 how to APPLY

ScholarshipsFEES

Credit for previous studyCredits/exemptions may be considered for previous tertiary level study or post-secondary study (including TAFE and distance learning courses) in Australia or overseas.

Applications for credits/exemptions must clearly indicate units for which recognition is requested and must be accompanied by legally certified documentation of academic transcripts and unit syllabus. Each application is assessed on a case-by-case basis. It is essential that units submitted for credit/exemption fit the philosophy and principles of the degree course of study. Units studied more than 10 years ago will not be considered for credit/exemption.

FeesMonash University offers eligible domestic students a Commonwealth Supported Place (CSP). A Commonwealth supported place is a place for which the Commonwealth Government will pay an amount of money towards the cost of the course and the student will pay a Student Contribution amount. Please refer to www.monash.edu.au/enrolments/loans/ for a full explanation of fees and payment schemes available.

ScholarshipsThere are an extensive range of scholarships and bursaries that not only reward academic excellence but also enable students from many backgrounds to study at Monash. Faculty of Business and Economics scholarships include:

– Bachelor of Commerce Scholars Program The Bachelor of Commerce Scholars Program includes

a $6000 per annum scholarship and mentoring by senior faculty staff.

– Bachelor of Accounting industry sponsored scholarship Open to local students and worth $8000 per annum in the second and third year, the Bachelor of Accounting industry sponsored scholarship, enables students to undertake full-time industry based learning placements during the degree.

– iBM Future Leaders Scholarship Open to local students, this scholarship gives students

$36,000 over two years, and helps to develop their skills and leadership potential with industry partner IBM.

Go to www.monash.edu.au/scholarships to find out more about our scholarships.

39Monash University

CREDiTSAND

MoRE

Monash University Special Entry Access SchemeEverybody should have the opportunity to get the best education possible. The Special Entry Access Scheme (SEAS) provides special admission consideration to students whose opportunity to demonstrate potential for university study may have been affected by financial, geographical, cultural or personal circumstances. For students who have experienced disadvantage, bonus points are added to the aggregate study score to recalculate your ATAR and increase your chances of receiving an offer. A calculator is available to help students estimate what their adjusted ATAR may be in light of their personal circumstances.

To see how SEAS may benefit you, visit www.monash.edu/seas

Will i be disadvantaged if i don’t study Commerce units in VCE?

what are the contact hours?

What is Professional Recognition and why do i need it?

Can i study a language as part of my course?

WHAT IS A SUBJECT BONUS AND CAN I GET ANY FOR MY YEAR 12 SUBJECTS?

CAN I DEFER?

I didn’t do the required maths, how can i still do this course?

What is the di�erence betweena Double Major and a double degree?

What if i don’t achieve the atar i need to get in?

WHAT IS PROFESSIONAL RECOGNITION & WHY DO I NEED IT?

What if I don’t achieve the ATAR i need to get in?



What is a subject bonus and can i get any for my Year 12 subjects?A subject bonus refers to bonus points you may be eligible for if you do particularly well in a Year 12 subject relevant to the course you are applying for. For the Bachelor of Business you can get up to a maximum of eight bonus points towards your aggregate ATAR score.Depending on your study score, you could be eligible for two bonus points for each of accounting, business management, economics, geography, health and development, psychology and six bonus points for Year 12 mathematics.

Will i be disadvantaged if i don’t study commerce units in VCE?No, the units are taught with the expectation of no prior knowledge of the subject and there are no commerce subjects which are prerequisites for our courses. However, some courses do award subject bonuses for particular areas of study. See subject bonuses.

What if i don’t achieve the ATAR i need to get in?There are a number of ways you can enter a course at Monash. Go to www.monash.edu/study/options/pathways.html to find out more.

Frequently asked questions

40 frequently asked qUESTioNS

Will i be disadvantaged if i don’t study Commerce units in VCE?

what are the contact hours?

What is Professional Recognition and why do i need it?



CAN I DEFER?

I didn’t do the required maths, how can i still do this course?

What is the di�erence betweena Double Major and a double degree?

What if i don’t achieve the atar i need to get in?

WHAT IS PROFESSIONAL RECOGNITION & WHY DO I NEED IT?

What if I don’t achieve the ATAR i need to get in?



i didn’t do the required Maths, how can i still do this course?You can enrol in a Monash course for which you do have the prerequisite maths, complete an appropriate Monash mathematics unit and then apply to transfer to your preferred course providing your first year results are good enough, and there are places available.

Can i defer?Local students can defer for a maximum of one year. You will need to let the faculty know and you will be provided with information on how to do this when you receive your offer. In particular circumstances, students may be permitted to defer for longer. Please speak to a course advisor for more information.

Can i study a language as part of my course?Yes. There are a number of options available. You can include a language as a second major in most degrees. Or you can complete a Diploma of Languages. This is a one year course that can be studied at the same time as your degree. It usually adds one year to your time at University, sometimes less. Some in-country intensive programs are offered.

What is professional recognition and why do i need it?Professional recognition is the formal acknowledgement of your professional status and, in some cases, gives you the right to practice in the profession of your choice. There are professional organisations for accounting, auditing, computing, finance, management, marketing and psychology. Course advisors can work with you to make sure that the units you take will qualify you for membership of the organisation representing your profession.

For more information, including details of professional organisations and the units required for selected registration or membership, please go to www.monash.edu/business-economics

What is the difference between a double major and a double degree?A double major is when you specialise in two different areas within one degree, for example accounting and international business. At Monash, one of the majors can come from a completely different discipline such as marketing and a language, or economics and politics. A double degree allows you to study two separate degrees at the same time. The way they are structured enable you to graduate with both awards in a much shorter time than it would take to complete the two degrees individually. You will have the same workload as a single degree course.

What are the contact hours?Contact hours will vary according to the degree you are enrolled in. Most degrees involve three to four contact hours per unit per week. You are expected to do around nine hours a week of independent study for each unit. The Bachelor of Business at Peninsula is based on the Problem Based Learning (PBL) style and usually involves four contact hours per subject each week with an additional few hours of independent study. PBL students have four days of study on campus.

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Careers supportMonash offers a range of services and programs to help you plan your future. Some of these include mentoring programs and the Monash careers unit – which provides employment support and help with resumes and job hunting, careers fairs, internships, work placements and more.

for further information visit www.monash.edu.au/students/support

Course advisersOur course advisers are available to meet you one-on-one as part of your enrolment process. They can help you plan your degree, choose your majors and units and give you advice. You’ll meet with a course coordinator at enrolment, but they are also available throughout your studies if you need advice or want to change direction.

on-campus servicesMonash has a range of services available to help support you through your studies. These include health and counselling services, time management support, financial assistance, student rights, safety, accommodation and more.

University is a time for making your own decisions, thinking about new ideas, making new friends and considering the world in a different way.

The best way to start is to take a deep breath and embrace all there is to offer. And don’t worry, we’re always here to help. We have a number of support services available on campus to help you adjust to and make the most of university life.

University life

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To get a taste of what your schedule could be like, we asked one of our current students to draw up his timetable. Check it out…

university LiFE

Future study

It’s never too early to think about what you might do after your undergraduate degree. And while many graduates are eager to get out into the workforce, others might choose to specialise in their area of interest by undertaking postgraduate studies.

Monash offers a wide range of postgraduate degrees in business, from masters programs in accounting and finance, economics, marketing and management to MBA’s and PhD’s.

Coursework optionsPostgraduate coursework degrees at Monash are offered in all disciplines, and at every level, including master’s degrees, graduate diplomas and graduate certificates. You can study full-time or part-time, off-campus, on campus or online. And, if you need to adjust your goals, you can. For example, you might start a master’s course but choose to exit early with a graduate diploma. Or start a graduate diploma and decide to continue onto a master’s program.

Coursework and researchCombined degrees offer you the flexibility to complete part of your course by following a unit-based program, and part of it by completing a research thesis. It will allow you to grow through experiencing two very different methods of higher education.

Research optionsMonash offers research-based postgraduate degrees in all disciplines. And, while the challenge takes commitment, drive, motivation and talent, the benefits are enormous. It will enable you to pursue a passion, working in a supportive environment with like-minded people. And it can open up incredible career opportunities.

For more information on postgraduate opportunities visit www.monash.edu/study

43Monash University

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Contacts and further informationFaculty of Business and EconomicsMonash UniversityPO Box 197Caulfield EastVictoria 3145, AustraliaTelephone (613) 9903 2372www.monash.edu/business-economics

Future Student EnquiriesLocal students Telephone (03) 9903 4788Email [email protected]/study

International studentsInternational Recruitment ServicesMonash University871 Dandenong RoadCaulfield East, Victoria, 3145, AustraliaTelephone (613) 9903 4788Email [email protected]/study/international

CRICOS provider: Monash University 00008C

The vision of the Faculty of Business and Economics is to be recognised as one of the world’s leading academies of scholarship in business, economics, and related disciplines, with the standing of our flagship activities verified by the most esteemed international arbiters of quality.

Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check the Monash University website for updates (www.monash.edu.au). All information reflects prescriptions, policy and practice in force at time of publication. Published April 2013.

faculty of business & economics 2014 undergraduate course guide

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