business and economics undergraduate course guide 2014.pdf

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www.monash.edu/business-economics

Undergraduate Courses 2014

Faculty of Business and Economics

AUSTRALIA CHINA INDIA ITALY MALAYSIA SOUTH AFRICA


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Every industry needs

people with business skillsBusiness and commerce graduates areemployed across the globe in a variety ofdifferent industries, such as the arts, media,health, sports, tourism, psychology, financeand a range of other areas we dont have roomto list! Whatever your dream may be, a degreein business or commerce will give you the skillsyou need to make it happen.

Business and commerce play an important rolein the world from the things we buy, to how wemanage our money, or the impact the economyhas on our jobs, homes and lives. So why notplay an active role in the world by studyingbusiness or commerce at Monash University?

Monash graduates are making their mark onthe world whether thats by creating importantnew policies for the government, tradingcommodities on the New York stock exchange,managing a department of people for a multi-national company, developing a new marketingcampaign for the next big brand, or launchingtheir own start-up company.

Its the skills and training they gained in theirbusiness or commerce degrees that havehelped them achieve these goals. And MonashUniversity is the best place to help you developthose skills.

More choice at Monash

Monash University has one of the biggestbusiness and commerce offerings in Australia,which means we offer more course options,more majors and more units than mostother universities.

Our degrees are designed to be flexible,so you can choose the majors and subjectsyoure interested in, or choose a degree thatwill give you the skills to get the job you want.Plus, you can combine them with many otherdegrees, 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 Monashgives you more than just a qualification.Our courses give you the option to developyour skills and experience in a range of ways.You can choose to study a language, studyabroad or go on exchange, or even undertakean internship or industry-based learning aspart of your course, which will set you apartin the job market.

01Monash University


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all about CHOICE02

Businessis more

exciting thanany game.

LORD BEAVERBROOK

DID YOU KNOW? Some of Australias most influentialbusiness leaders completed theirundergraduate degrees in business,commerce or economics at Monash

Ian Mcfarlane ACEconomist and formerGovernor of the Reserve Bankof Australia (RBA)

Andrew MohlDirector of theCommonwealth Bank

Russel HowcroftExecutive General Managerof Network Ten

Brett GosperChief Executive Officer ofInternational Rugby Board (IRB),the Managing Director of RugbyWorld Cup Limited

Tracey FellowsExecutive General Manager,Communications at Australia Post

Simon Crean, MPMember for Hotham

Which Australian universities educated

most of Australias top 50 CEOs?

According to the Suncorp Power Index

Survey, its Monash University

and UNSW.

Why did you want to studyat 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

Ive always had an interest in business, and Monash gives

me the space to explore all the different areas Im interested

in such as commerce, economics and econometrics.

Monash offered the widest range of electives and much

more exibility in study than other universities, and I felt

it had a friendlier, sociable atmosphere.

The exible structure of a Monash course is brilliant.

My degree allows me to specialise in areas that interest

me, but doesnt limit my study or career options.

For me it was the exibility. 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 MUCHCHOICE, ITSALL ABOUT YOU

AT MONASH.Studying business and commerce at Monash is all aboutyou! We have such a wide range of courses, majors anddouble degrees, so you can tailor your studies to suit yourneeds. And if youre still not sure, you can always changeyour major once youve started. Studying business and

commerce at Monash provides you with flexibility and choice.


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Its choice, not chance,that determinesyour destiny.

JEAN NIDETCH

Choose your major

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

I was excited to discover that theres plenty

of choice within the Bachelor of Commerce.

It wasnt the type of degree that locked me into one

option. In my rst 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 doublemajor or a single major with electives. I decided on

a double major in accounting and nance, 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 mostcomprehensive double degreeprograms in Australia, offering combineddegrees across all faculties anddisciplines. A double degree allows youto study for two degrees, giving youmore career flexibility and opportunities.And in most cases, youll only have

to add one extra year to your degree.A double degree also gives you theopportunity to explore subjects from adifferent discipline such as combingyour 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 theyre recruiting graduates.

An extra degree, for only one years extra work, helps youstand out from the pack. When employers are hiring, theyll

see in you, not just a dedicated student, but one with a more

well-rounded educational experience. Its particularly useful

when you study complementary elds like business and IT.

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

According to the SuncorpBank Power Index survey,

Australias leading CEOs

typically have undergraduate

degrees in economics

or commerce.

Monash Universitys Faculty of Business and Economics is one ofthe largest business faculties in Australia, which means you havemore choice at Monash than just about anywhere else in the country.

MONASH

No1

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When I was in my nal 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

MONASHOPENSDOORS.

A mind that is stretched by a newexperience 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 Universitys 115 partner

institutions across 26 countries.

Monash opens the doors to the

world with campuses in Australia,Malaysia and South Africa, andresearch and teaching centres

in Italy and India.

At Monash, we believe that you dont have to put your studieson hold to travel the world. Thats why we have fantastic

exchange and study abroad programs (including study toursand 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 Arts/Bachelor of Business (Management)

Bachelor of Business (Marketing)

Bachelor of Business

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

Next winter Im going to Monashs Prato Centre in Italy

during the semester break. I think it will be challenging,

but its 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.

Im 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


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You might be surprised

how many of our exchangeopportunities allow youto continue your coursein English. Some of our

international partners teachentirely in English, while

others require you to havea certain proficiency in the

native language.

Did you know at Monash

you can combine internships

with overseas travel?

Monash has internationalinternship programs includingthe Monash Oxfam programin South Africa where youcan work with community-based organisations, and

the Uni-Captiol WashingtonInternship Program (UCWIP)in Washington D.C. where youcan intern with offices of theUnited 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 nd 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 myselfand 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 wasa great base to travel from.

Jarrod TroutbeckBachelor of Business and Commerce (Hons)

I went on exchange to Kings 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 differentways 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,

its about immersing yourself in another culture and makingthe host country your classroom.

Its 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 worlds largest

and fastest-growing economies!

If youre studying accounting or finance andlove Europe, then the Accounting and FinanceInternational Study Program is for you. Basedat our Prato campus in Italy, students exploreRome, Prato, Florence, and also head toInterlaken, Basel, Paris, Munster, Amsterdamand London. During the trip you will visit financialinstitutions, universities, regulatory bodies andcompanies as well as exploring some of themain tourist attractions and experiencing all thatEurope has to offer.

Did you know that Monash has many

exciting international study programs,

including the Monash Marketing StudyProgram in China?

This elective unit is offered during the mid-year(winter) break and is a great opportunity formarketing students to learn about marketingissues in China by meeting and working withleading marketers in China. The study programincludes two weeks travel to China, visiting arange of global foreign-owned and Chinesecompanies. Cities typically visited include Beijing,Shanghai, Suzhou, Hangzhou and Yiwu.

Travel and change ofplace impart new vigor

to the mind.SENECA

Students that

have studiedoverseas are

highly regarded

by employers as

they have had

greater exposure to

different cultures

and environments.

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06

MONASHMAKESYOU 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, theyoffered 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 anexclusive Accounting and Finance Leadership

program for students studying accounting andfinance subjects. The program helps studentsdevelop their leadership and self-managementskills to give them a competitive edge.

Monash has a fantastic range of extra-curricularactivities that are fun, and will give you greatleadership experience for the future. Students in theFaculty of Business and Economics can becomepart of the Peers, Ambassadors and Leaders (PAL)program. As a PAL leader, you will represent thefaculty at public events such as orientation, openday and school presentations, gaining experienceand attributes desirable in a leader.

Education is not only a ladderof opportunity, but it is also an

investment in our future.ED MARKEY

As a Monash student youll get a fantastic degree as well as the opportunity tograduate 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 countrys major firms, which means youll graduate withrelevant 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 StudentsSociety (BCSS) is one of the premierstudent societies at Monash. The society, run bybusiness and commerce students, hosts a variety

of social and professional events to help businessand commerce students meet and network withpotential employers. The BCSS can help younetwork with companies such as KPMG, Ernst& Young, PwC, Goldman Sachs, MacquarieBank, LOreal and more, through their professionalseminars, business cocktail parties, speakerseries 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 programsare 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 jobopportunities

86%of students believe that employers look

more favourably on graduates with work

experience*

work READY


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*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,LOral,George Patterson Y&R,ANZ,Frontier Economicsand more!

Up to 90% of students who

undertake an internship receive

a job offer from the sponsoringorganisation upon completion

of their degree*

The Monash Marketing Society is a student

run society boasting 1000+ members.

The society runs year-round events for marketingstudents, including the famous annual marketingball. They also run marketing industry events,such as the Marketing Industry DevelopmentScheme (MINDS), and marketing workshopsand industry cocktail parties, that give you thechance to rub shoulders with marketing elitefrom organisations across the country.

Choose a jobyou love,and you will

never have towork 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 paidor unpaid depending on the organisation. Internships may forma component of your degree (i.e In some courses you canchoose to do an internship in place of an elective unit) or theymay be organised independently of your university studies.

INDUSTRY-BASED LEARNING

Industry-based learning (IBL) is an important aspect of manyof our degrees. These placements are organised by theuniversity 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 studentsget a taste for the workplace. Some universities and companiesuse 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 anelective 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 andPricewaterhouseCoopersCathryn MannBachelor of Accounting

Frontier EconomicsCordelia FooBachelor of Commerce/

Bachelor of Economics

Department of Treasury & Financeand Pitcher PartnersPeter MelilliBachelor of Commerce

Department of Treasury & FinanceJarrod TroutbeckBachelor of Business

and Commerce (Hons)

LLOYD

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How to choosea course

08

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

how to chooseA COURSE


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If you already know whatcourse you want to study,thats great. You can findmore detailed courseinformation from page 19.

Which course is right for you?

At Monash, our courses are all about flexibilityand choice. We give you the freedom topick the course thats best for you whetherthats a broad course with lots of options soyou can pick the majors you want to study,or a specialist course that has at least onepredetermined major in a particular field of study.If you think you already know what majors orareas youre interested in, then a specialist or

tagged degree could be for you. But if you wantto keep your options open, choose a broaddegree and decide later.


(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 Advancedwith Honours

(go to page 24)

Broad Degrees Specialist & Tagged DegreesWhat is a tagged degree?

At Monash we offer tagged degree options inboth the Bachelor of Business and Bachelorof Commerce. Tagged degrees (those withbracketed majors in their name) have a

predefined or compulsory major in a particularfield of study, such as marketing, psychology,accounting, law or banking and finance.

A tagged degree is a great choice if you knowyou want to study a particular area or wantto work in a particular field. And when yougraduate, you can put this title on your CVso employers can immediately see your areaof specialisation.

Broad Degree

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

You can change your major part way throughthe 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 onyour CV includes your major

You cant change your major part way through

the courseYou can study non-business units

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

But which course you decide to take will comedown 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 howindividual organisations and businessesoperate

Campuses: Caulfield and Peninsula

ATAR: 80+Maths prerequisites: score of 25 in any maths

Offered in both traditional and Problem-BasedLearning mode (PBL)

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

Majors include: accounting, banking andfinance, business law, business strategy,econometrics, economics, human resourcemanagement, international business,management, marketing, marketing andcommunication, and sports management

(see page 34 for more detail)

Bachelor of Commerce

The Bachelor of Commerce focuses on thewider commercial and economic environment

Campus: Clayton

ATAR: 90+

Maths prerequisites: score of 25 in mathsmethods or specialist maths

Can be combined as a double degreewith arts, engineering, business informationsystems, economics, education (secondary),law, science, journalism, music, and pharmacy

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

The differencesbetween our courses

Both courses offer

A range of core units which cover key businessfields such as accounting, management,economics, marketing, business law andstatistics

A high quality education from an internationally

recognised institution

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

Options to undertake an internship or participatein overseas study or exchange

Options to undertake industry-based learningelectives

The opportunity to graduate with work ready skills

A wide range of discipline areas

Choice and flexibility with majors and taggeddegree options

Flexibility and choice to undertake a doubledegree or double major

The difference betweenthe Bachelor of Business& Bachelor of Commerce

10 how to chooseA COURSE


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Bachelor of Accounting


(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), Associatemembership of the Institute of Public Accountants or entry to CPA Program of CPA Australia.

**Internships form a compulsory part of the Bachelor of Accounting. Students may opt to undertake internship electives as part of our other accounting degrees.

If youre interested in studying economicswe also have a few options for you.

You can choose from:Bachelor of Economics

A three-year economics degree that providesa solid education across the field of economics.

Bachelor of Economics Advanced

with Honours

A four-year degree which may include

industry-based learning placements.

You can also study economics as a majorin the Bachelor of Business and Bachelor ofCommerce. For more information about oureconomics degrees see page 24.

If you know you want to study accounting,Monash is the place to do it! We have sixdegree options for students who are interestedin accounting, and each course has its ownfeatures 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 requirementsand prerequisites see page 35.Bachelor of Economics

or Bachelor of EconomicsAdvanced with Honours?

Heres a breakdown of the features of each course:

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

3 yeardegree

Internships** Industry-fundedscholarship

Predeterminedmajor(s)

Double majoroptions

Double degreeoptions

Ability tochange major

Professionalrecognition*

11Monash University


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If youre not sure what you want tostudy or what you want to do in thefuture, why not start by thinking aboutwhat youre interested in, or whatyoud like to learn more about.

So what are you interested in?

12

Whatinterestsyou?

how to chooseA COURSE


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13Monash University


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14 our MAJORS

Our majorsinclude

AccountingWhat is it?

Accounting isnt just about numbers.As well as recording and reporting transactions,accountants analyse and interpret financialand non-financial information to providebusinesses with innovative solutions to enhanceshareholder and customer value. Accountantsneed to be able to solve complex problems

and have excellent analytical, communication,decision-making, and technical skills. Acareer in accounting is one with thousandsof possibilities. You can work across differentindustries, from financial organisations tocharities and from multinationals to smallbusinesses.

Examples of units offered in the major

Principles of accounting and finance

Financial accounting

Cost information for decision making

Corporate finance

Performance measurement and control

Auditing and assuranceCareer opportunities

Auditor, Business Analyst, Chief FinancialOfficer, Environmental Accountant, FinancialAccountant, Finance Advisor, ForensicAccountant, Investment Analyst, Liquidatorand Receiver, Management Accountant, RiskAnalyst, Procurement Manager

Courses

Bachelor of Accounting, Bachelor of Business,Bachelor of Business (Accounting), Bachelorof Business Administration, Bachelor ofBusiness and Commerce, Bachelor of BusinessScience, Bachelor of Business Science

(Accounting), Bachelor of Commerce, Bachelorof Commerce (Accounting), Bachelor ofCommerce (Accounting and Finance), Bachelorof 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 economicor property losses, such as those that occurduring natural disasters, and calculate insurancepremiums that allow individuals, businessesand governments to insure against these risks.Actuaries do this by applying the concepts of

mathematics and statistics to real life scenarios.Examples of units offered in the major

Data modelling and computing

Actuarial statistics

Probability and statistical inference foreconomics and business

Financial institutions and markets

Financial econometrics

Contingencies in insurance and pensions

Career opportunities

Insurance Actuary, Pricing Actuary, InvestmentActuary Analyst, Product Development Actuary,Credit Risk Analyst, Pension Risk Manager

CoursesBachelor of Commerce, Bachelor of CommerceScholars Program, Bachelor of Economics,Bachelor of Economics Advanced with Honours

Campus

Clayton

Banking and FinanceWhat is it?

Are you interested in the evolving and excitingworld of banking? Do you hear about banksmaking billion-dollar profits and wonder how

they actually do it? Bankers are expert riskmanagers that take deposits and give out loansfor business, government or individuals butthey can also work across many different areassuch as in trading rooms; in foreign exchangeand bond trading; investment banking andpersonal financial planning.


Money and capital markets

Commercial banking and finance

Financial management

Investments and portfolio management

Credit analysis and lending management

Management ethics and corporate governanceTreasury management


Banking, Corporate Finance Analyst, FinanceDirector, Investment Advisor, Derivative orCommodities Trader, Investment Banker,Corporate Treasurer, Stock Broker

Courses

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

CampusCaulfield, Malaysia


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15

Business Law*What is it?

If youre interested in law and how it appliesto business, why not study a business lawmajor? Business law graduates specialisein the legal issues that affect businesses.They often provide in-house advice on legalissues affecting contracts, trade practices,employment, insurance, consumer and

creditor protection, tax and more. Businesslaw graduates help companies navigate thecomplex legal environment that governsbusiness activities, and are the backboneof a successful company.


Commercial law

Corporations law

Corporate crime

Banking law

Environmental law for business

Marketing law

Stock exchange and derivatives law


Compliance Manager, Regulatory AffairsAdviser, Due Diligence Analyst, Sourcingand Contract Analyst

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

CampusCaulfield, 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 visionand a plan for the future. A business strategisthelps create and implement this future vision byproviding advice to guide business operationsand investment decisions. Business strategistsare big picture people. They might developnew business ideas, or identify ways a business

can improve. Or if things change think globalfinancial crisis or a new competitor they canmake suggestions on how a company canadapt their vision and plan for the new situation.


Consumer psychology

Stakeholder marketing communication


Cross cultural management and communication

Business information and systems

Business strategy

Project and innovation management

Organisation governance and ethics


Business Strategy and Planning Analyst,Commercial Development Manager, ProductStrategy Manager, Planning Manager,Strategy Advisor

Course


Campus

Peninsula

EconomicsWhat is it?Where do prices come from? Who sets interestrates or currency exchange rates? What causesa global financial crisis? Are you interested inthe answers? Then economics might be rightfor you. Economics helps us find out howand why people spend their money, and howtheir decisions can affect the economy of a

whole country, or even the world. Economistsanalyse the production, distribution, andconsumption of goods and services. Theyfocus on how individuals, households, firmsand governments interact, and how economieswork. Microeconomics examines the behaviourof buyers and sellers in the economy whilemacroeconomics analyses the entire economyand issues affecting it, including unemployment,inflation, economic growth, and monetary andfiscal policy.


Economics of climate change

International economics

Prosperity, poverty and sustainability in aglobalised world

Industrial organisation and regulation

Monetary economics

Economics of developing countries

Sports economics


Applied Industry Economist, EnvironmentalEconomist, Financial Economist, Labour MarketEconomist, Resource Economist, TaxationEconomist

CoursesBachelor of Business, Bachelor of Business

and Commerce, Bachelor of Business Science,Bachelor of Commerce, Bachelor of CommerceScholars 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 containssimilar units to our individual finance and economics majors,is available as part of the Bachelor of Business Administrationdegree at our Berwick campus. See page 28 for more

information.

EconometricsWhat is it?

Do you want to use your passion for numbersto figure out what is going on in the world?Econometricians use mathematical techniquesto make predictions about the impact ofvarious economic or business decisions.Econometricians could answer questions like:What will be the impact of a proposed taxationchange? Does changing a work environment ina certain way improve productivity? Answeringthese types of questions helps decision makersin industry and government to understandthe economic or business impact of differentoptions.


Introductory econometricsBusiness statistics

Data analysis in business

Quantitative business analysis

Business forecasting

Survey data analysis

Career opportunitiesEconomic Research Analyst, Quantitative RiskAnalyst, Predictive Analytics Specialist

CoursesBachelor of Business, Bachelor of Commerce,Bachelor of Business and Commerce, Bachelorof Commerce Scholars Program, Bachelor ofEconomics, Bachelor of Economics Advancedwith Honours

CampusCaulfield, Clayton

Business ModellingWhat is it?

Well its not about wearing a business suit onthe latest episode of Australias Next Top Model.Actually, business modellers gather and reviewdata to help identify business opportunities.They also use data to simulate the performanceof a business and plug in different data setsto see what might happen in the future. Thesesimulations are sometimes known as scenarioor what-if models, and theyre used to helpmanagers and other decision makers reviewand refine their business ideas and strategiesto plan for the future.


Data modelling and computing

Mathematics for economics and business

Integrated economic modelling

Modelling in finance

Business modelling methods

Risk and business modelling

Applied forecasting for business and economics


Business Data Analyst, Data Modeller, ManagerFinancial Risk Analytics, Economic CapitalStatistician, Business Development Analyst

CoursesBachelor of Commerce, Bachelor of Commerce

Scholars ProgramCampusClayton

Monash University


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16 our MAJORS

FinanceWhat is it?

Finance experts work with individuals,businesses and governments to help themmake important financial decisions about theirmoney how they spend it, conserve it andmake it. How much wealth can you expect togenerate? How risky is the outcome? Where isthe best place to borrow from? These are some

of the questions a financial specialist will ask andhelp answer for their clients.



Corporate finance

Financial institutions and markets

Equities and investment analysis

Debt markets and fixed income securities

International finance

Advanced corporate finance

Career opportunitiesGroup Finance Director, Commodities Trader,Derivatives Trader, Investment Banker, ProjectFinance Analyst, Trade Finance Specialist,Stockbroker, Chief Financial Officer, Mergersand Acquisitions Specialist

CoursesBachelor of Commerce, Bachelor of Commerce(Accounting and Finance), Bachelor ofCommerce Scholars Program

CampusClayton

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

information.

Financial and InsuranceMathematicsWhat is it?Experts in the area of financial and insurancemathematics apply mathematical and statisticaltechniques to the understanding of financialmarkets. Like actuaries (see page 14) theydetermine the likelihood of specific outcomesand develop strategies that allow businesses

and governments to either pursue newbusiness opportunities or insure against risks.


Introductory econometrics

Probability and statistical inference foreconomics and business

Mathematics for economics and business

Financial mathematics

Random processes in the sciences andengineering

Bayesian modelling and risk analysis

Contingencies in insurance and pensions


Financial Analyst, Investment Finance Manager,Corporate Finance and Transaction ServicesAnalyst, Insurance Analyst, SuperannuationAnalyst, Hedge Fund Analyst, InternationalFunds Manager

CoursesBachelor of Commerce, Bachelor of CommerceScholars Program, Bachelor of Economics ,Bachelor of Economics Advanced with Honours

CampusClayton

International BusinessWhat is it?

International business concerns the waybusiness occurs across national boarders.Multi-national companies and the way theymanage finance, people, supply chainsand other resources are a natural focus.However, these days nearly all businessesneed to develop a global approach to remain

competitive. Managing across cultures,understanding sources of national and culturaldiversity and the implications of differentregulatory environments are also important.


International financial management

International trade law

Trade finance and foreign exchange

International business

International management

International business strategy

International marketing


Business Partnering Manager, BusinessTransformation Director, Business DevelopmentManager, International Sales Representative,International Business Development Executive,Business Analyst (International Logistics)

CoursesBachelor of Business, Bachelor of Businessand Commerce

Campus

Caulfield, Malaysia

International Commerce

What is it?International commerce is similar to internationalbusiness but it has a broader focus. Whileinternational business generally refers to theactivities of a single organisation, internationalcommerce refers to the factors making upthe economic environment that the businessis operating in. These factors might be legal,political, social, cultural or technological.


Introduction to financial accounting

Principles of macroeconomics

International finance

International study program in banking andfinance

Asian management

Corporate finance

International trade law

Managing international business


Global Equity Research Associate, GlobalInvestment Manager, International TradeSpecialist, Commerce Officer

CoursesBachelor of Commerce, Bachelor of CommerceScholars Program

CampusClayton

Human ResourceManagementWhat is it?Human resource management professionalsensure the contribution of an organisationspeople to competitive advantage. The studyof human resource management covers suchthings as human resource planning, job designand the management of performance andpay. It also looks at areas to do with workforcewell-being such as training and development,equal opportunities and work/life balance.The broader context of human resourcemanagement is also important, for example,regulatory matters concerning labour law,

employment relations, and health and safety.Examples of units offered in the major

Introduction to management

Managing employee relations

Organisational behaviour

Employment law

Employment relations

Human resource strategy


Human Resource Business Partner, HumanResource Analyst, Head of Human Resources,Organisational Change Consultant, Talentand Development Specialist, Learning

and Development Associate, RecruitmentConsultant

CoursesBachelor of Business, Bachelor of Businessand Commerce

Campus

Caulfield, Gippsland, Off campus


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17

ManagementWhat is it?

If you are interested in a career in business orpublic service, then no doubt at some pointyou will want to take a leadership role, perhapsas a senior executive or small business owner.Managers build teams and manage thechange and innovation that is enabled by newtechnologies and business processes. Good

managers are crucial to the successful runningof any business no matter what its size or whatit does. As a manager, you will be called on tomake tough decisions, build relationships andsolve problems in an ethical and sustainable way.



Managerial communication

Organisational change

International business


Strategic management

Managing employee relations


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

CoursesBachelor of Business, Bachelor of Business(Psychology), Bachelor of Business andCommerce, Bachelor of Business Science

CampusCaulfield, Gippsland, South Africa, Malaysia,Off campus

MarketingWhat is it?

Are you interested in products, brands andmedia? Of course you are products, brandsand the media have a big influence on our lives(think iPhone, Google, Greenpeace, AFL andCoca-Cola). Then you need to learn more aboutmarketing. The exchange of value between thecustomer and the organisation is the core of

marketing. By thoroughly understanding theneeds of customers, marketers can designand develop goods and services that appealto customers and, through effective distributionand communication, deliver value to both theorganisation and the customer.


Principles of marketing

Buyer behaviour

Marketing research methods

Brand management

Marketing communications

Not for profit marketing

Strategic issues in marketingServices marketing


Marketing Manager, Brand/Product Manager,Sales Manager, Market Researcher, DigitalStrategist, Advertising Executive, Social MediaManager, Customer Relationship Manager,Media Planner, Sponsorship Manager

Courses

Bachelor of Business, Bachelor of Business(Marketing), Bachelor of Business (Psychology),Bachelor of Business Administration, Bachelorof Business and Commerce, Bachelor ofBusiness Science, Bachelor of Commerce,

Bachelor of Commerce Scholars Program

CampusBerwick, Caulfield, Clayton, Gippsland, SouthAfrica, Malaysia, Off campus

Marketing andCommunicationWhat is it?

Are you interested in a career where you cancommunicate the key messages of brands,companies and not-for-profit agencies tomany different audiences? This major isbuilt upon the interrelated disciplines ofmarketing and communication which play

a key role in helping organisations respondto their customers and other stakeholders.Marketing and communications professionalsare typically responsible for developing andmanaging an organisations brand messagesand communicating these messages to theorganisations target audience. They usemany different channels, including the media,direct marketing, social media, and internalcommunications. Their role also involvesmonitoring and managing these channelsto make sure their organisation is always onmessage. In the not-for-profit sector, marketingand communications professionals also developand evaluate campaigns aimed at addressing

specific health, environmental, or social issues.This course has a strong applied focus and isdesigned to cultivate graduate skills.


Social marketing

Consumer psychology

Stakeholder marketing communication

Research methods and analysis

Business strategy


Business information and systems

Festivals and events

Tourism marketingSport marketing and sponsorship


Marketing Communications Manager,Communications Consultant, Public RelationsCoordinator, Brand Manager, MarketingCoordinator, Corporate CommunicationsManager

Course


Campus

Peninsula

Management StudiesWhat is it?

Management is about the knowledge and skillsyou need to one day start your own companyor lead an organisation. Management studiesexplores what managers do in the context ofbroader organisational and social theories. Aspart of a management studies major you willfocus on concepts of leadership, the strategicchoices facing organisations and the ethical andsocial aspects of management decisions.



Organisations: contexts and strategies


Strategic management

International HRM

Management in small firms

Managing conflict


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

Courses

Bachelor of Commerce, Bachelor of CommerceScholars Program

Campus

Clayton

Monash University


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

Philosophy and Politics*What is it?

Are you a big picture person? Are youfascinated by how the world works and whatcould be done it make it better? Youll finallyget your chance to tackle these big questionswith a major in philosophy and politics. Manystudents like to combine their commercemajor with a second major in philosophy and

politics. Its also the perfect complement tostudies in economics. Philosophy encouragescritical thinking, logic and the developmentof arguments, all of which are valuable in anycareer. Politics will give you an understanding ofhow political systems work and in turn how theyimpact the economy.


Philosophy: Introduction A (Life, death, andmorality)

Philosophy: Introduction B (Time, self, andmind)

Philosophy: Ethics

Australian politics and government

Introduction to international relations

Nature, law, revolution: Political ideas in context


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

Courses

Bachelor of Commerce, Bachelor of CommerceScholars Program, Bachelor of Commerceand Bachelor of Economics, Bachelor ofEconomics, Bachelor of Economics Advancedwith 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 outof sport? Sport is a global business and one ofthe worlds most important cultural activities.Sporting events such as the Australian Open,the Olympics and the AFL are all thrivingbusinesses that need sports managementexperts to manage, plan and execute them.

As a sports manager you will work acrossbusiness development, marketing andadministration to help make sporting eventssuccessful or effectively manage sportingfacilities.


Sport, culture and industry

Sports economics

Consumer psychology

Sport finance

Sports law and policy

Festivals and events

Sports marketing and sponsorship

Business strategy


Event Manager, Sponsorship Consultant,Sports Personality Manager, Sports FacilitiesManager, Sports Sales Executive, Sportand Recreation Manager, Sports MarketingManager, Sports Operations Manager

Course


Campus

Peninsula

SustainabilityWhat is it?

Sustainability is about living and doingbusiness in a way that does not jeopardisefuture generations. This means acting in a waythat does not pollute or deplete resourceslike water, air, land or forests. Sustainabilityprofessionals help businesses operate insustainable ways.


Sustainability and the law

Economics of climate change

Principles of microeconomics

The global challengeProsperity, poverty and sustainability in aglobalised world

Systems thinking for sustainability: a policyperspective

Environmental economics


Policy Maker, Politician, Researcher, PolicyAdvisors, Sustainability Consultant, ManagerBusiness and Sustainability

Courses

Bachelor of Commerce, Bachelor of CommerceScholars Program

CampusClayton

Psychology*

What is it?

Psychology examines human nature: how weinteract, operate and think. It is concerned withproblem-solving, perception, decision makingand communication. Business psychologyseeks to adapt this understanding to assistorganisations to operate more effectively.


Developmental and biological psychology

Cognitive and social psychology

Research design and analysis

Abnormal psychology

Psychological testing, theories of ability andethics

Perception and personality


Organisational Psychologist, EmploymentConsultant, 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


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If you want to make a realcontribution to the world ofbusiness, our Bachelor ofBusiness degree is a great wayto get started.

To be successful in business you need practical skills anda strong understanding of the complexities of the businessenvironment in particular, how the individual parts of abusiness work, and how they affect each other and the

overall success of a business.

Whether you end up working in a global organisation withthousands of employees, or a small business with just a fewstaff, a broad understanding of business fundamentals andhow 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 skillsin your area of specialistion, you will also learn crucial skillssuch as how to think analytically, how to act decisively, andhow to manage people. Its this mix of practical and analyticalbusiness skills that will give you the confidence and abilityto make positive contributions to your organisation andimprove the way your business operates.

Studying business at Monash, also gives you the flexibilityand 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 youwant 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 sixcompulsory units in your first year. These give you a tasteof each of the main areas of business study.


Commercial law

Microeconomics

Business statistics


Marketing theory and practice

(You dont need to have studied commerce subjects in Year 12 to do well in these unitsbecause 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 businessto make up your major (or specialisation). Within the Bachelorof 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 afurther 10 units to complete your degree. Two units must beelectives from within the Faculty of Business and Economics.The remaining eight units can be electives from within theFaculty of Business and Economics or from faculties across

the university*. You can also use these eight units to form asecond major.

*Subject to availability and capacity.

Double degrees

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

ArtsHealth Science

JournalismSport and Outdoor RecreationVisual Arts

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

Bachelorof Business

ATAR 80-82

IB 30

Prerequisites See page 35

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

Campus Caulfield, Peninsula

0 bachelor of BUSINESS


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Problem-based learning

At Monash, you have the unique opportunity to choose thestyle of learning you would like to participate in as part of

your business studies.

Problem-Based Learning (PBL) mode is offered at ourPeninsula campus. Here, instead of the traditional lectureand tutorial-style learning, you will work with a small team offellow students and an academic mentor to create practicalsolutions to real life problems. Youll solve real problems, andlearn the principles of each subject along the way. Site visitsand industry placements form an integral part of the problembased learning strategy. PBL students normally attend classfour full days each week, with less study required outsideclass than would be expected if you were learning via thetraditional 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 careeropportunities as business. Our graduates are employed

around the world. They work in large internationallyrecognised 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 forthemselves. They work as auditors, accountants, businessanalysts, bankers, consultants, marketing co-ordinators,managers, economists, entrepreneurs, business owners andin other roles too numerous to mention. The range of careeroptions available to you depends on the units (subjects) youchoose and we offer lots of choice so you can explore manycareer paths.

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

When I finished high school, I wasnt sure exactlywhat I wanted to do. I was interested in working in acreative field, but I thought a general business degreewould be a great basis for a future job.

I knew that someday I wanted to run my own companyand a business degree would be the right starting point.

I chose Monash University because of its reputation.I knew that Monash was an internationally renowneduniversity, and I wanted to make sure my qualificationscounted around the world. I also knew that the marketingsubjects offered at Monash were some of the bestavailable to me in Melbourne.

I studied a major in marketing, because it gave me thecreative aspect I was looking for. My favourite subject wasb e beha io it as pa t ps cholog pa t ma keting

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

As an Account Manager my job is really varied, I workclosely with clients, building customer relationships.I also work on new business proposals, manage print

and digital sales targets and coordinate email marketingprojects.

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

Bonnie JacksBachelor of Business2008Account 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 1 Major Major Elective (Second major) Elective (Second major)

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/


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Make an impact. Challenge the status

quo. Find new solutions. Be involvedin decisions that affect millions of lives.

With a degree in commerce from Monash University, you willdevelop the skills and expertise to play a leading role in thecommercial world.

Monashs Bachelor of Commerce will give you a thoroughunderstanding of the economy and business, beyond the dailymanagement of an organisation. Youll learn how a businessoperates, 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 oursociety, or even the world.

As well as giving you the practical skills you need to besuccessful in your chosen career, our Bachelor of Commercewill give you the opportunity to grow your critical-thinking skillsand increase your capacity to analyse complex problems anddevelop solutions to them. This means youll head out intothe workforce with the ability to improve the way the worldoperates.

A degree in commerce opens up a world of opportunity andequips you with the skills and knowledge youll need to makea 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 unitsin your first year. These give you a taste of each of the mainareas of commerce study.


Business law


Business and economic statistics


Principles of marketing

(You dont need to have studied commerce subjects in Year 12 to do well in these unitsWe start at an introductory level.)

From that point, the choice is yours!

You must study another eight units in one area of commerceto make up your major (or specialisation). Within the Bachelorof Commerce, there is a wide variety of majors to choosefrom, see page 34 for a full list.

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

*Subject to availability and capacity.

Double degrees

Many students choose to combine the Bachelor of Commercewith another degree. Here are some of the reasons why:

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

Even if you are planning to work as an engineer, scientist

or lawyer (just to name a few), you may ultimately want towork as the manager of a firm, or run your own business.Combining your engineering or science or law studies with aBachelor of Commerce gives you a head start. You graduateequipped to operate in a commercial setting.

Combining a Bachelor of Commerce with an arts degreemeans that you can, for example, continue to study alanguage or pick up a new one. You can also includemajors like politics or geography in your studies. This can

Bachelorof Commerce

ATAR 90+

IB 33


Majors Accounting, actuarial studies, businessmodelling, econometrics and businessstatistics, economics, finance, financial andinsurance mathematics, internationalcommerce, management studies, marketing,sustainability, philosophy and politics

Campus Clayton

2 bachelor of COMMERCE


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The Bachelor of Commerce Scholars Program

The Bachelor of Commerce Scholars Program is for highachieving local Year 12 students. As a scholar you will receive

a $6000 per annum scholarship, mentoring by senior facultystaff, and access to a scholar study room. You will also beeligible 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.

You can also combine the Bachelor of Commerce ScholarsProgram as a double degree with the Bachelor of Economicsor the Bachelor of Arts Scholars 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 largemultinational companies, sustainability managers acrossa variety of organisations, business analysts in numerousorganisations and some are running their own company.

And future employment prospects for commerce graduatesare strong. For example, Australian government indicatorspredict employment opportunities for economists, actuariesand 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 ineconomics because I had been interested in finance andpolitics from a young age, and I had a great economicsteacher who inspired me to study it at university.

It was my high school economics teacher who suggestedstudying at Monash. He advised that Monash had a strong

brand and that would improve my application when I startedapplying for jobs after graduating.

The Bachelor of Commerce provides a strong base ofskills in a broad range of areas relevant to business andgovernment. A key strength of the economics specialisationis the ability to choose subjects which provide a strongpolicy or quantitative focus, depending on your preferences.

One of the best things about the course was learning justh li bl mi i t d il li I ti l l

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

After I graduated I started work as a policy officer with theAustralian Government before working as a ManagementConsultant at PricewaterhouseCoopers, specialising ingovernment, education and health. Im now working as aSenior Policy Analyst with the Department of Treasury and

Finance.

A typical day for me involves working with otherdepartments to develop policy options for Ministers toimprove education and health outcomes within budgetsand providing economic policy advice to the Treasurer ona range of education and health issues.

I apply the skills I learned at university all the time. My jobis all about applying economic principles to real problems,

riting clear and concise arg ments presenting the case

Michael GolsworthyBachelor of Commerce

2003

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


Semester 2 Major Major Elective (Second major) Elective (Second major)Year level 3



Monash University


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

25

I wanted to study something that was related to business,but was also very people-focussed and applicable tobroader society.

I was looking for an alternative to the pure business degreeand I have always been fascinated by the media and society,which led to a Bachelor of Economics/Bachelor of Arts withmajors in economics and sociology.

I saw economics as a way to link the social factors thatinterested me to a business-focused outcome. For example,how we behave at work (as the labour force), in thesupermarket (as consumers), and even with our friends

(as social beings) can drive legislation, the success of anew product, or a companys share price.

I didnt have a specific career outcome in mind at thebeginning of my course I thought a role in public policyor a consumer association might be interesting, howeverI 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 anexcellent reputation for its business and commerce degrees

The core subjects within economics give you an excellentgrounding from a commercial perspective, while theelectives allow you to pinpoint your true area of interest.Meanwhile, the flexibility of arts allows you to explorepersonal interests, express your creativity and stretch yourthinking with a diverse group of peers.

When it comes to job hunting, I find that my specialisationin economics can be a point of difference from mycompetition. Likewise my study of sociology, French andmusic within my arts degree are great conversation pointsand helps define me as a well-rounded candidate withbroad interests.

I currently work at ANZ Financial Planning, which fallsunder ANZs Global Wealth and Private Banking division.As Manager, Customer Segments, my role is to designand implement initiatives for our Financial Planning businesswhich meet the needs of our priority customers.

This means I need an excellent knowledge ofsuperannuation, insurance and investment products, aswell as how to construct business strategies and a broadunderstanding 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 ElectiveYear level 3

Semester 1 Major Major Elective Elective

Semester 2 Major Major Elective Elective

Monash University


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If you want to be an accountant andgraduate from a course where, in atypical year, 100% of students areemployed before theyve finished, thenthis is the degree for you.

The Bachelor of Accounting is Monash Universitys premieraccounting course. It combines on-campus learning withindustry-based placements at major accounting firms, givingyou six months of practical, industry-based learning duringyour degree.

Students in this course receive an industry-fundedscholarship of $16,000. The scholarships are providedby industry sponsors, who play an important role in theindustry-based learning periods. During the industry-basedlearning periods, students work in corporate settings andcomplete specified projects determined jointly by academicsand industry sponsors.

What do I need to get in?Places in the Bachelor of Accounting are limited, andan interview forms part of the entry requirements.

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 necessarybusiness and accounting skills and satisfy the educationalrequirements of various professional accounting bodies inAustralia.

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

Two industry-based learning units.

*Timetable and capacity permitting.

Compulsory units include


Introduction to financial accounting

Financial accounting

Cost information for decision making

Corporate finance

Advanced financial accounting

Performance measurement and control

Auditing and assurance

Business law

Australian company law

Taxation law


Business and economic statistics



Accountants are in demand because they are vital to thesuccess of every business, in every industry. As an accountant,you can have a variety of roles or work in any number ofspeciality areas such as tax, auditing, budgeting, forensicsor liquidation.

Bachelorof Accounting

ATAR 90+

IB 33


Majors Accounting, finance

Campus Clayton

6 bachelor ofACCOUNTING


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

27

When I first enrolled in the Bachelor of Accountingat Monash, I knew I had a passion for accounting,but I wasnt 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 offereda 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 couldintegrate your studies with work experience was a bigplus for me. It was this practical work experience that hasshaped my career.

A surprising thing I learned during my course, was thatwhile delivering work of a high standard is important, oneof the most highly valued skills in the real world is the abilityto connect with colleagues and clients. This surprised me,because there is a perception that accountants dont havemuch of a personality! But in fact, good communication andpeople skills are an important part of the role The industry

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

As a tax consultant at PwC, in the division of InternationalAssignment Solutions, I provide tax advice to Australianswho are working internationally, and those who are from

overseas, but working in Australia. A typical day in myjob involves preparing tax returns and tax equalisationcalculations for these workers, attending briefings toprovide taxation advice, and working directly with clients.I also get to work closely with managers and senior staff inPwC and have direct contact with directors and partners.

The best part of studying the Bachelor of Accountingat Monash was not only having access to some of thebest educators in the country and getting a world-class

Cathryn MannBachelor of Accounting2012

Tax consultant, PricewaterhouseCoopers

Year level 1

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

Semester 2 Introduction to financial Corporate finance Business law Electiveaccounting

Year level 2

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

Semester 2 Industry Based Learning A(14 weeks period of industry-based learning)SummerSemester 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 Electiveand control

Monash University


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Bachelorof Business

Administration

8

Monash Universitys new Bachelor ofBusiness Administration will give youthe skills to make your mark in the

business world.This outstanding degree offers you the chance to gain abusiness qualification from a world-class university, withoutrequiring the year 12 maths prerequisites of our otherbusiness courses.

Within the Bachelor of Business Administration you canchoose to major in accounting, finance and economics ormarketing. These majors have been selected due to thestrong employment outcomes available for graduates withthese skills.

Students in the Bachelor of Business Administration

experience the same benefits as other Monash businessstudents, including internships, overseas study opportunitiesand access to excellent facilities and teaching staff.

What will I study?

To give you a solid business foundation, you will study 10compulsory units. These units will give you skills in a rangeof discipline areas.


Commercial law

Introductory microeconomics

Business statistics

Data management



Human resource management

Business strategy

Marketing principles and practice

You must study another 10 units in accounting, finance andeconomics or marketing to make up your major. As well asyour core and major units, you will also study a further fourunits to complete your degree. These remaining units can bechosen from within the Faculty of Business and Economicsor from other faculties across the university*.

*Subject to availability and capacity

Career outcomes

With demand for accountants growing, the finance sectorbooming and marketing opportunities increasing, strongemployment outcomes are expected for graduates of theBachelor of Business Administration. The range of careeroptions 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 Electiveand 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

bachelor of BUSINESS ADMINISTRATION


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BACHELOR OF BUSINESS AND COMMERCE

Campus Gippsland, Malaysia, Off campus

ATAR N/A

IB 26


Majors Accounting, banking and finance,business law, business informationsystems, e-business, econometrics andbusiness statistics, economics, financeand macroeconomics, human resourcemanagement, international business,management, marketing

The Bachelor of Business and Commerce is a global, flexibledegree that offers you the opportunity to create a studyprogram which best suits your proposed employment goalsand business discipline interests. During the course, you willconsider a broad range of key international issues relevant toparticular disciplines. The course will expose you to researchfindings and approaches relevant to the disciplines.

You can combine the Bachelor of Business and Commercewith degrees in: arts and social sciences, civil andenvironmental engineering, communication, informationtechnology 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 specialistaccounting degree which will provide you with high-level skills

in accounting and general skills in South African businesslaw. The course blends a theoretical framework with a rangeof practical applications, and covers basic discipline materialthrough 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 allowingdepth and breadth of study in the major business disciplines.The course comprises six core units across key businessareas. From that point on, you may choose from a wide varietyof electives that may be taken from any faculty. You mustinclude a sequence of units which must include a major inone 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 theconceptual and decision making skills necessary for effectivemanagement in the continuously changing domestic andinternational field of professional accounting. It has a strongemphasis on developing analytical skills and offers a solidgrounding and professional competence in all aspects ofcommerce required for careers in the private or public sectors.You can also study a banking and finance specialisation as asecond major.

Courses atother campuses

Monash University


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DIPLOMA OF BUSINESS

This course provides a pathway to tertiary education forsupervisory and administrative personnel whose knowledge

is largely self-developed. It is designed to provide a broadknowledge base in business and develop in students themanagement skills to recognise and implement improvementopportunities within organisations. It is studied in off-campuslearning mode over two years (part time).

DIPLOMA OF TERTIARY STUDIES (DOTS)This course offers an alternative entry pathway for studentswishing to study at the Berwick or Peninsula campuses.

Students can use the course to explore their academicoptions and gain credit in a range of degrees. The one yearcourse consists of two core units that provide study skills,along with six units from elected areas of interest. Unitsare available in arts and communications, business andeconomics, computing and information technology, educationand nursing. It is usually studied at the campus where you areseeking to complete a degree.

0

Pathway courses

Diploma of LanguagesYou can focus on studying a particular language at Monashwith the Diploma of Languages. This can be completed at thesame time as your degree and will normally add up to a yearto your studies. It is the equivalent of a language major and itcan be taken by both beginners and those with a languagebackground, as there are several entry levels.

Students can do an in-country intensive program of four toeight weeks duration or spend a whole semester abroad aspart of the program. Languages offered are Chinese, Classical(Greek, Latin), French, German, Indonesian, Italian, Japanese,

Korean, Spanish, and Ukrainian.

pathway COURSES


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31Monash University

When I finished school, I didnt have a grand plan for whatI wanted to do in the future. Id studied economics atschool and really enjoyed it, and I got good marks, so Ienrolled in the Bachelor of Commerce/Bachelor of Artsdegree. I chose Monash because it was close to homeand seemed like a really good place to study. I reallyliked the variety in commerce, you didnt have to have aspecific goal in mind in order to study, and you could pickfrom a range of subjects. I decided to major in economics,and I had a great lecturer that was open to discussion andmade it interesting.

It wasnt until the summer before my final year when Itook up an internship at The Allen Consulting Group that

I had my first taste of how my economic studies could beused in a professional sense. Through my internship andmy final year studies, I realised that I was more interestedin the social policy side of economics, so I decided topursue a career in the public service.

Jonathan RochwergerBachelor of Commerce/Bachelor of Arts2009

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 thatI found the economics and taxation law subjects moreinteresting, and I shifted my focus from law to economics.

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

While I was at uni I used my commerce electives toexperience different area of economics, and I used my

law electives to study related subjects such as taxationlaw and insolvency. The commerce degree provided botha well-rounded base and the opportunity to specialisein an area of particular interest, w

business and economics undergraduate course guide 2014.pdf

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