Escolar Documentos
Profissional Documentos
Cultura Documentos
We believe that quality teaching goes hand-in-hand with knowledge creation and knowledge dissemination. Our academics bring their research to the classroom to ensure our students acquire high level skills and competencies informed by the latest developments. This means that as a GSBE student, you obtain practical and relevant skills that enable you to be competitive. Never Stop Learning Business and Economics have always been important disciplines and never more so than today. To stay ahead, professionals need the best possible preparation. At the GSBE this preparation is provided though a well-established, quality education, taught by internationally recognised staff and informed by our research. The notion of Never Stop Learning reflects the benefit and value we see in a university curriculum combining strong educational foundations with cutting edge theory and ongoing enquiry. A university education embedded in research enables us to remain competitive as a nation. The uncertainties of the last decade have highlighted the need for our graduates to be problem-solvers, able to accept and respond to ambiguity, adapt to change, and view life as a continuing learning experience. Research-led teaching equips our graduates with those skills and attributes. Professor Nasser Spear Deputy Dean and Director of the GSBE
At the GSBE we are distinguished by the calibre of our people our students, researchers and teachers.
Professor Margaret Abernethy Dean, Faculty of Business and Economics Sidney Myer Chair of Commerce
Cover image: Jean-Paul Barbier, Master of Finance, International student (Seychelles), Financial Services Analyst at the Central bank of Seychelles
Contents 2
Introduction
Why choose the Graduate School of Business and Economics? Global Alumni Frequently Asked Questions Our Courses at a Glance 2 3 4 6
8
Master of Management
Master of Management 11 Master of Management (Accounting) 12 Master of Management (Finance) Master of Management (Human Resources) Master of Management (Marketing) Graduate Diploma in Management 13 14 15 15
16
Accounting
Master of Accounting (12 and 16 subject) Postgraduate Diploma in Accounting Graduate Certificate in Business Forensics Graduate Diploma in Professional Accounting 17 17 19 20
22
Actuarial Studies
Master of Actuarial Science Postgraduate Diploma in Actuarial Science 23 23
24
Economics
Master of Economics 25 Postgraduate Diploma in Economics 25
26
Finance
Master of Commerce (Finance) Master of Finance Professional recognition 27 28 29 29
30
Management and Marketing
Master of Commerce (Management) 31 Master of Commerce (Marketing) Master of International Business Graduate Certificate in Communication and Customer Strategy Graduate Certificate in Marketing Management 32 33
36
Further Information
Career Impact Academic Staff Studying at the GSBE The City of Melbourne 34 35 The Application Process Financing Your Degree 36 38 40 42 44 46
Our Faculty
The Faculty of Business and Economics is home to the GSBE and to five teaching and research departments: Accounting Economics Finance Management and Marketing The Melbourne Institute
Global Alumni
Since its establishment in 1924, the Faculty has produced over 37,000 graduates. When you join the GSBE, you become part of this global network, connected to alumni in senior positions of business, government, academia and the not-for-profit sector.
37,792 alumni Alumni speak over 45 different languages.
Malaysia, China and Singapore are the most popular destinations, each home to over one thousand alumni.
Master of Management (Accounting) Master of Management (Human Resources) Master of Management (Finance) Graduate Certificate in Management Graduate Diploma in Management
1.5 - 2 years full time or 3-4 years part time 1.5 - 2 years full time or 3-4 years part time 1.5 - 2 years full time or 3-4 years part time Six months fulltime or 1 year part-time 1 year full-time or 2 years part-time
Entry Requirements An undergraduate or postgraduate degree with a strong analytical or mathematical component and with at least H2B (70%) average; The applicants submitted statement of intent in seeking entry; and Performance on the GRE unless the applicant has met one of the approved conditions for GRE exemption.
An undergraduate or postgraduate degree with a strong analytical or mathematical component and with at least H2B (70%) average; The applicants submitted statement of intent in seeking entry; and Performance on the GRE unless the applicant has met one of the approved conditions for GRE exemption.
Finance Page 26
A four year undergraduate degree with a specialisation in Finance, or equivalent, with at least H2A (75%) average in the specialisation; or a Postgraduate Diploma in Finance, or equivalent, with at least H2A (75%) average; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption.
Master of Finance
An undergraduate degree or equivalent in a relevant discipline, with some studies in finance The applicants submitted statement of intent in seeking entry Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption.
An undergraduate degree or equivalent in a relevant discipline, with some studies in finance The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption
An undergraduate or postgraduate degree with a major in management, marketing or a related discipline with at least H2B (70%) average, or equivalent; An average of at least an H2B (70%) in the best three subjects in the disciplines of Management and Marketing in the final year of study; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption.
An undergraduate or postgraduate degree with a major in management, marketing or a related discipline with at least H2B (70%) average, or equivalent; An average of at least an H2B (70%) in the best three subjects in the disciplines of Management and Marketing in the final year of study; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption.
Master of International Business Graduate Certificate in Marketing Management Graduate Certificate in Communication and Customer Strategy
An undergraduate degree in any discipline, or equivalent; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption. An undergraduate degree in any discipline or equivalent The applicants submitted statement of intent in seeking entry.
2 years part-time
An undergraduate degree in any discipline or equivalent The applicants submitted statement of intent in seeking entry.
Master of Management
The Master of Management suite of courses consists of the: Master of Management Master of Management (Accounting) Master of Management (Finance) Master of Management (Human Resources) Master of Management (Marketing)
The Master of Management suite is designed for recent graduates from all disciplines, those with minimal or no work experience and early career starters. The degrees are designed to develop a sound business/management foundation and perspective, and provide the ability to develop specialised knowledge in an area of choice.
The Master of Management consists of 12 or 16 semester-length subjects comprising four foundation subjects to be taken in the first semester of study, followed by a sequence of compulsory and elective subjects depending on the area of chosen specialisation. The number of electives you may choose varies with each degree. For details, please visit: http://handbook.unimelb.edu.au The Master of Management: provides an excellent basis for those who wish to pursue a career in commerce or business is well suited to recent graduates and those who do not have a commercially oriented undergraduate degree is suitable for applicants with a university degree from any discipline/ area has elective subjects that allow for a depth of specialisation offers a number of Commonwealth Supported Places (CSPs) across all specialisations is ideal for organisations wishing to foster and build the management skills of junior staff is taught by one of Australia and Asias leading international universities for academic reputation and research output provides exposure to the University of Melbournes large and influential alumni network is open to full or part-time students
Course Length
You can choose to study the Master of Management degree for either a 12 or 16 subject duration. Entry requirements are the same for both options. 12 subject degree (normally completed in 18 months full-time or 3 years part-time) Key benefits of this degree include: A compact degree, which provides a solid foundation to establish expertise in your business discipline Focus your studies the flexible core offers you more control over subject selection to allow for both breadth and depth The opportunity to engage in a capstone experience, drawing together the diverse strands of your graduate education, preparing you for professional life. Accelerate your entry into your new career or advance into the next stage of your professional life 16 subject degree (normally completed in 2 years full-time or 4 years part-time) Key benefits of studying this degree include: Gain in-depth knowledge of your chosen discipline Improve your employment outcomes with a demonstrated commitment to your discipline The opportunity to participate in the Business Case Challenge apply the knowledge you have gained to a complex, multi-faceted problem of a real organisation in a multidisciplinary and practical manner
A wider choice of electives Increased opportunity to undertake an international experience i.e. an exchange semester Opportunity for cross-disciplinary studies Improve your academic performance by taking the time to acclimatise to graduate life The opportunity to engage in a capstone experience, drawing together the diverse strands of your graduate education, preparing you for professional life Experience and learn a wider range of topic areas in your chosen discipline, giving you the opportunity to further develop your graduate attributes An extra semester of study is of benefit if your undergraduate degree was in an unrelated study area.
Human Resources 18 month 1 capstone 1 compulsory HR subject 6 constrained choice electives 2 year 1 capstone 1 compulsory HR subject 6 constrained choice electives 4 electives
I felt a Master of Management would help expand my horizons and equip me with the best tools to move into a middle management role at this time of my career. Ive had the opportunity of approaching the challenges that Ive faced previously in my workplace with a different point of view through scholarly teaching and individual research.
Master of Management
18 month course: * 2 year course: CRICOS 064496G
The Master of Management provides foundation training in business and economics, as well as specialist training in organisational management. The course covers a broad spectrum of management activities including all the key areas needed to become a successful manager and leader, such as managing innovation and change, motivating and leading people, developing strategies for national and global markets, and developing customer-oriented organisations.
Career outcomes
Graduates of this course may find employment as a: Business Analyst Business Manager Management Consultant Manager Operations Manager
* The University is in the the process of obtaining CRICOS accreditation for the 18 month course. Please visit www.gsbe.unimelb.edu.au or check with the GSBE prior to applying.
Who is it for?
This course is ideal for students holding an undergraduate degree in an area outside of commerce whose goal may be to assume a managerial position in their particular field of expertise.
6 months = total 2 years (200 points) 4 elective subjects Students can select the Business Case Challenge in place of 1 of these electives. Students can also apply for an exchange/study abroad semester.
Course details
Entry in either Semester 1 or 2 Parkville campus Entry requirements are the same for all specialisations:* An undergraduate degree in any discipline, or equivalent Results of the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) unless the applicant has met one of the approved conditions for a GMAT or GRE exemption The applicants submitted statement of intent on seeking entry English language proficiency
Who is it for?
The Master of Management is suited to students who have an undergraduate degree in areas outside of commerce who wish to practise accountancy.
Professional accreditation
This degree is certified by CPA Australia and the Institute of Chartered Accountants in Australia. Successful completion of the Master of Management (Accounting) prepares students to apply for entry to the Institute of Chartered Accountants of Australia (ICAA) or Certified Practising Accountant (CPA) professional studies program.
Career outcomes
Accountant Auditor Business Manager Management Accountant Systems Accountant
Master of Management (Accounting) Course Outline: 18 month course (150 points) 4 foundation subjects Managerial Economics Quantitative Methods for Business Financial Management Accounting for Decision Making 8 Accounting subjects Strategic Cost Management Strategic Performance Management Corporate Reporting Financial Accounting Auditing and Assurance Services Legal Issues for Accountants Taxation for Business Decision Making Information Processes and Control
6 months = total 2 years (200 points) 4 elective subjects Students can select the Business Case Challenge in place of 1 of these electives.
Course details
Entry in either Semester 1 or 2 Parkville campus Entry requirements are the same for all specialisations:* An undergraduate degree in any discipline, or equivalent Results of the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) unless the applicant has met one of the approved conditions for a GMAT or GRE exemption The applicants submitted statement of intent on seeking entry English language proficiency
Career outcomes
Graduates of this course may find employment as a: Banker Investment Banker/Merchant Banker Finance Manager Financial Planner Investment Analyst Stockbroker
* The University is in the the process of obtaining CRICOS accreditation for the 18 month course. Please visit www.gsbe.unimelb.edu.au or check with the GSBE prior to applying.
Who is it for?
This degree is ideal for students holding an undergraduate degree in an area outside of commerce whose goal may be to assume a managerial position in this particular field of expertise. The degree is also suited to commerce students who wish to add to their finance portfolio.
6 months = total 2 years (200 points) 4 elective subjects Students can select the Business Case Challenge in place of 1 of these electives. Students can also embark on an exchange/study abroad semester.
I first focused on the ranking of the GSBE but I also looked at the points of difference with its competitors. The difference the GSBE has is with its relationship with industry. I also saw the GSBE as helping to form me as a leader why follow the leader when you can be one? Marketing is something you cannot just teach you have to send a message and be passionate about it, and this is where the lecturers at the GSBE excel. The lecturers are passionate and as a result they inspire us.
Melissa is a Master of Management (Marketing) student. She has participated in a number of extra-curricular activities, and is the Coordinator of the GSBEs Graduate Ambassador Team.
Graduate Course Guide 2012 | 13
Career outcomes
Graduates of this course may find employment as a: Human Resources Manager Industrial Relations Officer Recruitment Consultant Business Manager Operations Manager
* The University is in the the process of obtaining CRICOS accreditation for the 18 month course. Please visit www.gsbe.unimelb.edu.au or check with the GSBE prior to applying.
Who is it for?
This course is ideal for students holding an undergraduate degree outside of commerce whose goal may be to assume a managerial position in human resources.
Accounting for Decision Making Business Analysis and Decision Making Management Competencies Management for Value Creation
Students can select the Business Case Challenge in place of 1 of these electives. Students can also embark on an exchange/study abroad semester.
Course details
Entry in either Semester 1 or 2 Parkville campus Entry requirements are the same for all specialisations:* An undergraduate degree in any discipline, or equivalent Results of the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) unless the applicant has met one of the approved conditions for a GMAT or GRE exemption The applicants submitted statement of intent on seeking entry English language proficiency
Who is it for?
This course is ideal for students holding undergraduate degrees in areas outside of commerce whose goal may be to assume a managerial position in the marketing and communications field. The course is also suited to commerce students who wish to add marketing to their portfolio.
Career outcomes
Graduates of this course may find employment as a: Advertising Manager Brand Manager Market Research Analyst Marketing Manager Public Relations Officer
6 months = total 2 years (200 points) 4 elective subjects Students can select the Business Case Challenge in place of 1 of these electives. Students can also embark on an exchange/study abroad semester.
The Graduate Diploma in Management is eight subjects in duration, and will normally be completed in 1 year of full-time study or 2 years part-time. Entry requirements are the same as those for the Master of Management.
Accounting
Australia is still experiencing a shortage of accountants in 2010, 17% of accounting vacancies were not filled, and accountants have an aboveaverage proportion of full-time jobs
DEEWR Skills Shortages Summary 2010; Australian Job Outlook
Accounting in todays business world is extremely sophisticated. An accountant is a strategic adviser and business partner who must have a good understanding of business issues and processes, as well as the skills necessary for sound decision-making. Accounting studies will equip you to understand the financial structure of an organisation, and produce and analyse financial information.
Who is it for?
The Master of Accounting is ideally suited to recent accounting graduates and junior executives with an accounting degree who wish to extend their skills and knowledge in the core areas of the discipline.
Please note: The Master of Accounting is not accredited with CPA Australia or the Institute of Chartered Accountants in Australia.
Career Outcomes
Accountant Auditor Business Analyst Management Accountant Systems Accountant Students enrolled in the Master of Accounting who are either unable, or who choose not to continue with their studies, may be eligible to exit with a Postgraduate Diploma in Accounting.
Course details
12 subject Master of Accounting Open to applicants with an undergraduate degree in accounting or equivalent, and at least one year of documented relevant (full-time) work experience. Master of Accounting: 18 months full-time or 3 years part-time Postgraduate Diploma in Accounting: 1 year full-time or 2 years part-time 18 months full-time or 3 years part-time Entry in either Semester 1 or 2 Parkville campus Entry requirements:* An undergraduate degree in accounting, or equivalent At least one year of documented, relevant (full-time) work experience Results of the Graduate Management Admissions Test (GMAT) or the Graduate Record Examination (GRE). The applicants submitted statement of intent in seeking entry English language proficiency Indicative total course fee: Local students: $40,164 International students: $47,922 The applicants submitted statement of intent in seeking entry English language proficiency Indicative total course fee: Local students: $53,990 International students: $64,420
16 subject Master of Accounting and Postgraduate Diploma in Accounting Open to applicants with an undergraduate degree in accounting or equivalent. No work experience is required. 2 years full-time or 4 years part-time Entry in either Semester 1 or 2 Parkville campus
Entry requirements:* An undergraduate degree in accounting, or equivalent Results of the Graduate Management Admissions Test (GMAT) or the Graduate Record Examination (GRE), unless the applicant has met one of the approved conditions for a GMAT or GRE exemption.
*minimum entry requirements do not guarantee entry. See page 44 for more detail
Or optional research semester 16 subject degree course outline: Advanced Auditing and Assurance Services Elective 1 Issues in Corporate Reporting Elective 2 Managing Information Technology Elective 3 Financial Statement Analysis Elective 4 Accounting Information and Security Valuation Elective 5 Corporate Financial Policy Elective 6 Microeconomics Strategic Management Accounting Elective 7 Elective 8
The ambitious atmosphere of the Faculty really helps me to focus on study. In lectures, you can very often see students challenge their professors, and everyone is very dedicated to assignments. I enjoy the feeling that we are aspiring to be elites. The Faculty also really makes an effort to help students get practical experience in the business world.
Fiona is a current Master of Management (Accounting) student. She has participated in case competitions, the PASSI program, was a mentee in the Career Mentoring Program and is a member of the inaugural GSBE Graduate Ambassador Team. She is currently combining her studies with part-time work at Fortrust Education Services.
Who is it for?
The Graduate Certificate in Business Forensics is designed as a specialist qualification for practitioners wishing to acquire skills and knowledge in business forensics. The course is well-suited to: Practitioners with an accounting qualification interested in developing skills for this expanding area of business Suburban/rural/regional accounting firms seeking to provide specialised business forensic services to clients Those undertaking accounting courses such as the Master of Accounting Those currently working in business forensics Those currently working for regulatory bodies.
Course outline
The Graduate Certificate in Business Forensics is offered on a part-time basis only. It comprises 3 core subjects and 1 elective. 4 subjects will normally be completed in one year of part-time study.+ Graduate Certificate in Business Forensics Course Outline Forensic Business Processes Elective Accounting Information and Security Valuation Information Technology Forensics
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Career outcomes:
Forensic Accountant
Course details
1 year part-time (This course is offered on a part-time basis only) + Entry in either Semester 1 or 2 Parkville campus Entry requirements:* Successful completion of an undergraduate degree or equivalent in accounting, finance, law or other relevant discipline At least one year of documented relevant (full-time) work experience. English language proficiency The applicants submitted statement of intent on seeking entry
Note: international students must undertake graduate study on a full-time basis if in Australia on a student visa. This course is therefore not available to international students in 2012.
*minimum entry requirements do not guarantee entry. See page 44 for more detail.
Who is it for?
This course is designed for those who have already studied business/ commerce at an undergraduate level. Students can apply to transfer to the Master of Management (Accounting) if they wish to gain the additional benefits offered by a longer course or have not completed sufficient accounting subjects at undergraduate level to satisfy accreditation requirements.
Professional Accreditation
The Graduate Diploma in Professional Accounting is accredited with the Institute of Chartered Accountants and may also enable admission to the CPA. To satisfy accreditation requirements for either professional body, students will need to have completed at the undergraduate or postgraduate level the equivalent 12 subjects that comprise the 150 point Master of Management (Accounting) on page 12.
Career outcomes:
Business Analyst Accountant Management Accountant Systems Accountant Detailed information about the accredited pathway can be provided by contacting the GSBE: gsbe-enquiries@unimelb.edu.au
Course outline
The Graduate Diploma in Professional Accounting is 8 subjects in duration and will normally be completed in one year of full-time or 2 years of part-time study. Graduate Diploma in Professional Accounting Course Outline Accounting for Decision Making Financial Management Corporate Reporting Strategic Cost Management Financial Accounting
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course details
1 year full-time or 2 years part-time Entry in either Semester 1 or 2 Parkville campus Entry requirements:* An undergraduate degree with sufficient business/commerce subjects to meet subject prerequisites, or equivalent Results of the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) unless the applicant has met one of the approved conditions for a GMAT or GRE exemption The applicants submitted statement of intent on seeking entry English language proficiency
Actuarial Science
Actuarial graduates start on about $60,000 (vs the national median for business graduates of $45,000). The average salary of an actuary with ten years experience is $200,000.
Career spotlight: Actuaries, Annie Stevens, The Age
Actuarial Studies is a discipline well-known for its quantitative aspects and mathematical rigour, and a graduate qualification in this area can offer real competitive advantages in todays financial services industry. An actuarys work is based upon a multi-disciplinary background of mathematics, statistics, demography, finance and economics.
Who is it for?
The Master of Actuarial Science is designed to provide non-actuarial graduates with their initial education in actuarial studies and thus the skills necessary for their immediate transition into the actuarial workplace as a trainee actuary.
Professional Accreditation
Graduates of the Master of Actuarial Science who have performed at a sufficiently high level will be eligible for exemption from all of the subjects comprising Part 1 of the professional requirements of the Institute of Actuaries Australia.
Career outcomes
Actuary
Course outline
The Master of Actuarial Science consists of 16 subjects 8 compulsory core subjects and 8 elective subjects. Master of Actuarial Science Course Plan Mathematics of Finance 1 Mathematics of Finance 3 Life Insurance Models 1 Insurance Risk Models Elective 1 Elective 5 Elective 2 Mathematics of Finance 2
Elective 3 Elective 7
Elective 4 Elective 8
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course details
Master of Actuarial Science: 2 years full-time or 4 years part-time Postgraduate Diploma in Actuarial Science: 1 year full-time or 2 years parttimeEntry in Semester 1 only (no mid-year intake) Parkville campus Entry requirements:* An undergraduate degree in any discipline with the equivalent of a major in mathematically based subjects (eg. mathematics, physics, or engineering) Results of the Graduate Record Examination (GRE) unless the applicant has met one of the approved conditions for a GRE exemption. The applicants submitted statement of intent on seeking entry English language proficiency
Economics
Economics graduates earn a salary in the top 10% of the scale across Australia their average weekly salary is double the national average for all jobs
Australian Job Outlook
Economics provides skills in problem solving for business and government. It examines ways to understand what happens in markets, the performance of national economies and approaches for analysing and interpreting data. Ultimately, economics facilitates better decision making about the myriad of problems you will confront in the commercial world or in government.
Master of Economics
CRICOS code: 065396D
The Master of Economics is a two year degree in advanced studies in economics and econometrics. It provides training in critically reading the literature and experience in undertaking independent research. The course is ideal for those who wish to acquire the skills needed to practice as a professional economist in the public or private sectors. The course also provides a foundation to undertake further study at the PhD level.
Who is it for?
The Master of Economics is designed for students with prior training in economics or a cognate discipline with a strong analytical/mathematical component, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors. The course is also an appropriate foundation for further PhD study.
Course outline
The Master of Economics consists of 4 core economics subjects, 2 quantitative subjects and 8 elective subjects and the (double subject) Research Report.
Career outcomes
Econometrician Economist Market Analyst Political Adviser Research Analyst Researcher
Master of Economics Course Outline Advanced Microeconomics Microeconomics Advanced Macroeconomics Macroeconomics Econometric Techniques Advanced Econometric Techniques Elective 1 Research Report Elective 2 Elective 6 Elective 3 Elective 7 Elective 4 Elective 8 Elective 5 Research Report
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course details
Master of Economics: 2 years full-time or 4 years part-time Postgraduate Diploma in Economics: 1 year full-time or 2 years part-time Entry in Semester 1 only (no mid-year intake) Parkville campus Entry requirements:* An undergraduate or postgraduate degree with a strong analytical or mathematical component and with at least H2B (70%) average Statement of intent in seeking entry Performance on the GRE unless the applicant has met one of the approved conditions for GRE exemption. English language proficiency
Finance
Finance and insurance services are among the top 10 industries with the largest projected employment growth over the next five years
Australian Job Guide 2011
Financial markets, products and practices are fast-evolving, posing challenges for practitioners who must keep pace with increasingly complex products. Finance programs at the GSBE have been designed to prepare students for these professional demands by blending the best of academic knowledge and professional practice.
Who is it for?
This course is designed for those with demonstrated finance skills who wish to deepen their knowledge and understanding of the many advanced aspects of finance. This course is also appropriate for students intending to undertake a PhD in finance.
Career outcomes
Banker Business Manager Company Secretary Finance Manager Investment Analyst Investment Banker/Merchant Banker
Course outline
The Master of Commerce (Finance) consists of two core finance subjects, one quantitative subject, three elective subjects and the (double subject) Research Report. Master of Commerce (Finance) Course Outline Foundations of Finance Finance Thesis Workshop Quantitative subject Finance Research Report Finance Research Report Elective 1 Elective 2 Elective 3
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course details
1 year full-time or 2 years part-time Entry in either Semester 1 or 2 Parkville campus Entry requirements:* A four year undergraduate degree with a specialisation in Finance, or equivalent, with at least H2A (75%) average in the specialisation; or a Postgraduate Diploma in Finance, or equivalent, with at least H2A (75%) average; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption. English language proficiency
Master of Finance
CRICOS code: 065397C
The Master of Finance provides an understanding of financial management principles and their application to corporate financial policy. Graduates of the degree will have an understanding of Australian and international financial markets, knowledge of derivative assets and the operation of the markets in these assets, as well as various specialised aspects of the finance industry and the appropriate skills for analysing and interpreting developments in financial practice. Examples of finance studies include at a minimum the equivalent of these University of Melbourne undergraduate finance subjects: Business Finance Investments Corporate Finance For descriptions of the content covered by these subjects visit: http://handbook.unimelb.edu.au
Career outcomes
Graduates of this course should have the capacity to work in professional practice by applying the specialist financial knowledge that the course aims to provide. Job titles may include: Banker Finance Broker Financial Planner Investment Adviser Investment Analyst Investment Banker/Merchant Banker
Who is it for?
This course is open to those interested in working in the finance industry who have studied some finance in their undergraduate degree.
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course outline
The Master of Finance consists of 10 core subjects and 75 points worth of elective subjects. Master of Finance Course Outline Quantitative Analysis of Finance 1 Quantitative Analysis of Finance 2 Derivative Securities Mergers and Value Enhancing Strategies Financial Markets and Instruments Case Studies in Finance Elective Accounting for Decision Making International Business Finance Economics of Finance Strategy Capstone Elective Elective
Elective
Elective
Elective
Course details
2 years full-time or 4 years part-time+ Entry in either Semester 1 or 2 Parkville campus Entry requirements:* An undergraduate degree or equivalent in a relevant discipline, with some studies in finance Performance on the Graduate Management Admissions Test (GMAT) or Graduate Record Examination (GRE) unless the applicant has met one of the approved conditions for GMAT or GRE exemption. The applicants submitted statement of intent in seeking entry English language proficiency
part-time students should note that most subjects are offered only during normal business hours.
Professional recognition
CFA Program Partnership
In 2009, the University of Melbourne became a Program Partner of the CFA Institute, the global association for investment professionals that awards the prestigious CFA designation. The partnership means that the Master of Finance covers 70% of all three levels of the CFA Program Candidate Body of Knowledge (CBOK) topics, the CFA Institute ethical and professional standards, and other CFA Program Partner requirements. Recognition as a CFA Program Partner signals to students, employers and the marketplace that the university curriculum is closely tied to professional practice and is well suited to preparing students to sit for the CFA exams. As part of the partnership, students in the partner programs are eligible for scholarships, access to CFA Institute curriculums, journals, webcasts, and other educational resources. Each student will also have access to a specially prepared online Level I sample exam.
The Postgraduate Diploma in Finance is eight subjects in duration, and will normally be completed in one year of full-time study or two years part-time. Entry requirements are the same as those for the Master of Finance.
Audrey Quek International student (Malaysia) I chose to study the Master of Finance at the GSBE because the University of Melbourne is well known and respected. It has a great reputation for having committed lecturers and staff and is well recognised by the industry. By choosing the GSBE I know that I will have a great learning experience and I will also get to be a part of a very diverse multicultural society. The amount of support that I get from the faculty is amazing.
Audrey is a current Master of Finance student. She is the recipient of an International Postgraduate Coursework Award, and combines her study with work as an Economics tutor.
Marketing is among the most frequently reported professions by business graduates and marketers are employed across a range of industries. Employment to 2014-15 is expected to grow very strongly
Australian Job Outlook
13% of the Australian workforce consists of managers. Over the five years to November 2010, employment growth for managers went up by 15%
Australian Jobs 2011
Management and Marketing encompasses specialised areas including communication and customer strategy, human resource management, international business, marketing management, operations management and managing businesses and organisations. At the GSBE, these disciplines are taught by some of the finest Australian and international academics acclaimed for their innovative teaching and engaging subject matter.
Master of Commerce (Management)
CRICOS code: *
This course provides business/ commerce graduates with advanced level studies in management. Students have the option to take one of three, pathways: Consulting; Academic (research) or Strategy Capstone. Students who undertake the Academic pathway will be required to undertake the academic thesis over two semesters.
Who is it for?
The course is designed for students with a degree in business/commerce who may be interested in progressing into the PhD program or pursuing a career in consulting, market research or strategy.
Career outcomes
Graduates of this course may find employment as a: Consultant Management Consultant Strategic Manager Market Research Analyst Operations Manager
Course outline
Students who have completed the Research Report will be eligible for entry into the PhD program
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
* The university is in the the process of obtaining CRICOS accreditation for this course. Please visit www.gsbe.unimelb.edu.au or check with the GSBE prior to applying.
Course details
18 months full-time or 3 years full-time. Entry in either Semester 1 or 2 Parkville campus Entry requirements:* An undergraduate or postgraduate degree with a major in management, marketing or a related discipline with at least H2B (70%) average, or equivalent; An average of at least an H2B (70%) in the best three subjects in the disciplines of Management and Marketing in the final year of study; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption. English language proficiency
Who is it for?
The Master of Commerce (Marketing) is designed for students with a degree in business/commerce who may be interested in progressing into the PhD program or pursuing a career in consulting, market research or strategy.
Career outcomes
Graduates of this course may find employment as a/an: Advertising, Marketing or Brand Manager Consultant Market Analyst Market Research Analyst Public Relations Officer
Course outline
Students who undertake the Academic pathway will be required to undertake the academic thesis over two semesters
Students who have completed the Research Report will be eligible for entry into the PhD program
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
* The university is in the the process of obtaining CRICOS accreditation for this course. Please visit www.gsbe.unimelb.edu.au or check with the GSBE prior to applying.
Course details
18 months full-time or 3 years part-time Entry in either Semester 1 or 2 Parkville campus Entry requirements:* An undergraduate or postgraduate degree with a major in management, marketing or a related discipline with at least H2B (70%) average, or equivalent; An average of at least an H2B (70%) in the best three subjects in the disciplines of Management and Marketing in the final year of study; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption. English language proficiency
Who is it for?
This course is for graduates from any discipline who wish to establish a management career in international business, and who aim to develop an awareness of the policies governing the world trade and investment system.
Career outcomes
Graduates of this course may find employment as Managers of: Community Development International Relations Operations Sales and Marketing Supply Relationships
Course outline
The Master of International Business comprises 4 foundation subjects, 5 core subjects and 3 elective subjects over three semesters full-time or six semesters part-time. Master of International Business Course Outline
Year 1 Business Cross Cultural Cooperation Analysis and Management and Conflict Decision Makingand Teamwork in World Trade Elective 1 Elective 2 Elective 3 Management Competencies Asian Business and Managing the Management Multinational International Human Resource Management Global Corporate Governance
Year 2
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course details
18 months full-time or 3 years part-time Entry in either Semester 1 or 2 Parkville campus Entry requirements:* An undergraduate degree in any discipline, or equivalent; The applicants submitted statement of intent in seeking entry; and Performance on the GMAT or GRE unless the applicant has met one of the approved conditions for GMAT or GRE exemption. English language proficiency
Who is it for?
This course is for those looking to develop abilities in communication and consumer strategies or who are working in the marketing field but have not completed any formal study in the area.
Career outcomes
Graduates of this course may find employment as a: Communications Manager Advertising Account Executive Marketing Officer Brand ManagerC
Course outline
This is a four subject degree (one core plus three electives): Graduate Certificate in Communication and Customer Strategy Course Outline Core subject: Consumer Behaviour Elective: Product Management Elective: Advertising Elective: Public Relations Management
NB: this is a sample course plan and is indicative only. Some subjects have pre-requisites and may not be offered each semester. For the full list of electives please visit the handbook entry for this course http://handbook.unimelb.edu.au.
Course details
2 years part-time (available on a part-time basis only) + Entry in Semester 1 only Parkville campus Entry requirements:* An undergraduate degree in any discipline or equivalent The applicants submitted statement of intent in seeking entry
Note: international students must undertake graduate study on a full-time basis if in Australia on a student visa. This course is therefore not available to international students.
*minimum entry requirements do not guarantee entry. See page 44 for more detail.
Course outline
This is a four subject degree (one core plus three electives): Graduate Certificate in Marketing Management Course Outline Core subject: Marketing Management Elective: Marketing Channels Elective: Marketing Strategy Elective: Brand Management
Who is it for?
This course is for those who wish to develop knowledge/capacity/exposure to marketing management or who are working in the marketing field but have not completed any formal study in the area.
Career outcomes
Graduates of this course may find employment as a: Marketing Manager Brand Manager Advertising Account Executive Communications Officer
Lucinda is a current Graduate Certificate in Marketing Management student. She combines her study with her role as International Recruitment Coordinator at the Melbourne School of Engineering.
Ive always had an interest in marketing but my previous studies had been more in the generalist arts area. I was at a point in my career where I felt I needed to brush up on my marketing skills and the graduate certificate with its practical, business-centric approach seemed like a really good choice. Knowing more about the theoretical framework for marketing as well as having case studies and other resources to draw upon has given me more confidence to pursue marketing plans at work.
Course details
2 years part-time (available on a part-time basis only) + Entry in Semester 1 only Parkville campus Entry requirements:* An undergraduate degree in any discipline or equivalent The applicants submitted statement of intent in seeking entry
Note: international students must undertake graduate study on a full-time basis if in Australia on a student visa. This course is therefore not available to international students.
*minimum entry requirements do not guarantee entry. See page 44 for more detail.
Career Impact
One of the most important decisions in considering postgraduate study is the likely impact of study on your chosen career. GSBE graduates are highly employable, with strong technical capabilities and the capacity to apply their knowledge to real-world challenges.
We provide a range of opportunities to help you develop skills and attributes highly valued by employers:
Interpersonal and communication skills Networking opportunities Peer mentoring and collaborative teaching Student exchange
Industry Knowledge
Mentoring
Guest speakers
Case competitions
Work experience
Internships
Leadership skills
Extracurricular activities
Volunteer programs
Skills, attributes and experiences listed above are among those most desired by employers as per the Graduate Careers Australia website 2011.
Our dedicated Business and Economics Careers Centre offers many programs to enable you to further develop your skills, network and make contact with employers.
Services include advice in CV and interview techniques, career consultations, career mentoring program and work placements.
Employment
British Council (Chongqing Office) NAB Fedex (Singapore) IBM UBS Motorola PwC Cambridge International College Telstra BP Indonesia
Westpac NZ Business and Technology Solutions and Sevices Citibank Ernst and Young Australian Embassy Beijing Procter & Gamble Al-Saqabi National Kuwait Charter Mason Australian Securities and Investment Swinburne University Commonwealth Treasury
KPMG is always recruiting, and is always looking for people with the X factor. Good academic results are expected. But the person who stands out from the crowd has usually demonstrated some connection with the broader community, such as volunteering, or leadership roles in student organisations, or active participation in sporting clubs or even part time work. Chris Leptos AM Partner, KPMG, BCom (1980), MBA (1990), Member of the FBE Board and Co-Chair of the Alumni Council
Academic Staff
With increasing numbers of university educated professionals, acquiring distinctive graduate attributes is crucial. At the GSBE, you can achieve this by being taught by the top researchers and leaders in your discipline.
Our 220 academic staff are chosen for their reputation as scholars and researchers, their international expertise in business and economics, and for their skills as teachers. Our academics are joined by talented and inspiring people from all over the world, who come to study, work and research at the University of Melbourne. Nobel Prize winners like Professor Peter Doherty, Professor Sir James Mirrlees and Professor Elizabeth Blackburn and well known academic Professor Peter Singer are among the scholars, visiting scholars and alumni of the University. For a full list of academic staff, please visit: www.findanexpert.unimelb.edu.au
Dr Albie Brooks Albie Brooks is a senior teaching fellow in management accounting. He teaches predominantly in the areas of management accounting and management control. Albies teaching and research interests relate to the development of teaching case-studies in management accounting and control, corporate governance issues and issues associated with teaching and learning. Albies interaction with industry is multi-faceted through seeking industry input to developments in curriculum, case-study development and research activities.
Associate Professor Carlin Dowling Carlin Dowling is an Associate Professor in the Department of Accounting. She has had extensive work experience, holding positions in corporate accounting and administration, and audit and business advisory roles in chartered accounting firms. Carlin teaches Information, Process and Control which is a core subject in the Master of Management (Accounting) and an elective in many other courses offered by the GSBE, including the Master of Accounting.
Associate Professor Jenny Williams Jenny Williams joined the University in 2003. Her research interests lie broadly within the area of applied microeconomics with a focus on (risky) behaviour of youth. Jenny has published in leading international journals such as the Journal of Econometrics, the Journal of Applied Econometrics, the Journal of Human Resources, the Journal of Health Economics and Demography, as well as Australias leading economics journal, the Economic Record.
Dr Sean Pinder Sean Pinder was the 2007 Pearson Education Finance Lecturer of the Year and has been recognised by the Australian Learning and Teaching Council for innovations in teaching finance and successfully engaging with practitioners. Sean consults for industry and has designed professional short courses for local and international firms. He has received prizes for his research, published in respected journals, and co-authored an award-winning textbook.
Professor Bill Harley Bill Harley is Professor of Human Resource Management and Organisation Studies in the Department of Management and Marketing. His research focuses chiefly on employee experiences of new management practices and has been published in leading international journals including Industrial Relations, British Journal of Industrial Relations, Journal of Management Studies and Work Employment and Society. Professor Harley has acted as a consultant to a number of organisations including the OECD and the ILO.
Associate Professor Liliana Bove Liliana Boves research interests are in the areas of customer service, customer loyalty, relationship marketing and citizenship behaviour. She teaches Service Marketing in the Master of Management and Advanced Marketing Management in the Master of Commerce (Marketing) and Master of Commerce (Management). Liliana has been a regular recipient of the Deans Certificate for Excellent Undergraduate and Postgraduate Teaching and has nine research related awards for her research. Prior to commencing her academic career, Liliana held various scientific, marketing and management roles over a ten year period in the chemical, airline and health industries.
Student Clubs
Find out more about getting involved, volunteering, gaining new skills and making new friends during your time at the GSBE. Student groups you can be involved with include: Graduate School of Business and Economics (GSBE) Student Association www.gsbesa.org AIESEC www.aiesec.org/australia Student Entrepreneurs, Agents of Change www.agentsofchange.org.au Financial Management Association of Australia (FMAA) www.fmaa.com.au Graduate Student Association (GSA) www.gsa.unimelb.edu.au Graduate Consulting Group www.gcg.org.au University of Melbourne Marketing Association (UMMA) Students in Free Enterprise (SIFE) www.unimelbsife.org.au
Our students
Total students Coursework students Masters by Research and PhD Average Age Female Male Local International 1272 1177 95 26 58% 42% 506 766
Computer Science/IT 3%
Last winter break I went to Kuala Lumpur, Malaysia and worked as a student consultant in a human resource company called Talent 2 for two weeks. As a team, we were responsible for identifying potential acquisition targets for Talent 2 and presenting our research outcome to senior management. This was my first professional work experience in an English environment so I strongly developed my communication, teamwork and interpersonal skills from the experience.
Stan is a current Master of Management (Accounting) student. He has participated in the Global Business Practicum and the Volunteer Business Practicum as well as being a Student Host and mentee in the Career Mentoring Program.
Sporting Capital
Amongst all our artistic and cultural credentials, Melbourne is also undoubtedly Australias sporting capital. Across the year the city plays host to major events such as the Australian Open (Asia Pacifics only Grand Slam), the Formula 1 Grand Prix, and the glamorous Melbourne Cup Carnival. Melbourne is also the birthplace of Australian Rules Football (AFL).
Festivals
Melbourne has a festival for everything! We love to celebrate our food, wine, music, books, cycling, the arts, comedy, jazz and films.
Quick Facts
31% of Melbournes population was born overseas Melbourne was voted the second most liveable city in the world in 2011 by the Economist Intelligence Unit Melbourne has been recognised as a UNESCO City of Literature we have more bookshops per head of population than anywhere else in Australia and more people borrow books from libraries in Melbourne than in any other Australian city
GSBE
The GSBE is located in Carlton, only a short distance (1.5kms) from the Melbourne CBD and with ready access to public transport.
Our landmark building offers a range of services and facilities, state of the art technology, and the highest standards in learning environments. The building was one of the first Green Star rated education facilities in Australia.
Melbourne at a Glance
Population Climate Rainfall 4 million temperate low
Step 2
Apply online at: www.gsbe.unimelb.edu.au/apply International applicants may also apply through one of our international representatives. To apply online, you will need: Completed online application form Undergraduate grades and grades for any further study (you may apply even if you are awaiting final results as conditional offers can be given.) Your submitted statement of intent in seeking entry GMAT /GRE score unless you qualify for an exemption* TOEFL or IELTS score if you are applying from a country where English is not the official language or the language of instruction and assessment Evidence of work experience (if you are applying for a degree with this requirement.)
We encourage you to apply as early as possible so you can be considered for scholarships and Commonwealth Supported Places (where available) and visas if these are required.
Step 3
Supply original or certified copies of all qualifications this must include academic transcripts showing all subjects attempted and proof of completion of the degree. If documents are not in English, a certified translation is required. You can attach your supporting documents to your online application. You will need to have access to scanned copies of your documents to upload them to your application. Please note that scanned versions of certified documents do not meet our verification requirements, but we can commence assessing your application. We require that hard copies of certified documents are mailed to us before an unconditional offer can be made. If you are an international student applying through one of our authorised agents, scanned and faxed copies of certified results forwarded by the agent do meet our verification requirements. If you do not have access to a scanner, you will be able to submit your documents through the post or by fax. If you are mailing your documents, please send certified copies, as originals are not kept and will not be returned.
Who can certify a copy of my academic transcript and other required documentation?
When obtaining a certified photocopy, please ensure the following: The signature of the person certifying is original The person clarifying the document must state their title There is a statement to say that it is a true copy of the original document The certification is dated If it is a multi-page document, either each page must be certified or the certification must state the number of pages and each page must be signed by the authority Common titles of signatories that we accept are: University of Melbourne approved Overseas Representative Justice of the peace Member of the Police Force Legally qualified medical practitioner Pharmacist Manager of a Bank, Building Society or Credit Union Marriage Celebrant (civil or religious Barrister or solicitor or a clerk to a barrister or solicitor
Graduate Course Guide 2012 Authorised by: Dean, Faculty of Business and Economics Published by: Graduate School of Business and Economics Copyright: The University of Melbourne July 2011 CRICOS Provider code: 00116K Intellectual Property For further information refer to Statutes and Regulations. Copyright Copyright The University of Melbourne 2011. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University.
Disclaimer The information in this publication was correct at the time of printing. The University of Melbourne reserves the right to make changes as appropriate. As details may change, you are encouraged to visit the Universitys website or contact the University of Melbourne Information Centre to obtain the latest information. Statement on Privacy Policy When dealing with personal or health information about individuals, the University of Melbourne is obliged to comply with the Information Privacy Act 2000 and the Health Records Act 2001. For further information refer to the privacy policy.
Contact us
Graduate School of Business and Economics Faculty of Business and Economics The University of Melbourne 198 Berkeley Street Carlton Victoria 3010 Tel: +61 3 8344 1670 or 1800 227 117 Fax: +61 3 9349 5021 Email: gsbe-enquiries@unimelb.edu.au www.gsbe.unimelb.edu.au