You are on page 1of 42

Business,

Economics,
Commerce and
Accounting
monash.edu/business-economics/undergraduate
Undergraduate
Courses 2015
AUSTRALIA CHINA INDIA ITALY MALAYSIA SOUTH AFRICA
2
Were all
about
fexibility
and choice
Specialise from
the start
I chose to study at Monash because it was
the only university where I could study a
double degree in politics and economics.
It also gave me the opportunity to specialise
in these areas right from the start.
As part of my degree I also had the
opportunity to undertake internships with
the Parliament of Victoria and the Principles
for Social Investment Secretariat, A United
Nations Global Compact Initiative.
Joshua Knoop, Bachelor of Arts/
Bachelor of Economics, 2012
Choose
Monash
3
Every industry needs
people with business
skills. And thats
why business and
commerce graduates
are in high demand.
Monash business graduates work across all fields medicine,
engineering, law, government, education, science and arts,
just to name a few and are essential to direct, shape and
manage every industry.
We know what it takes to make
you career ready
Australias leading CEOs typically have undergraduate degrees
in economics or commerce (Suncorp Bank Power Index survey).
And some of Australias most influential business leaders
completed their undergraduate degrees in business, commerce
or economics at Monash.
We are ranked among the best
universities in the world
Monash University is the first Group of Eight university to have
achieved the esteemed triple crown business school accreditations
by AACSB, EQUIS and AMBA. These globally-recognised
accreditations place the university in the elite ranks of the one per cent
of business schools worldwide with triple crown accreditation.
Monash is ranked first in the southern hemisphere in economics by
Research Papers in Economics (REPEC); and of the 800 universities
in the world, is ranked 18th for accounting and finance and 26th for
economics and econometrics by the QS World University Rankings.
4
Outstanding employment
opportunities
Every industry needs people
with business skills
From the company that made the shirt youre wearing or developed the
technology youre using, every business needs people with business skills.
And thats why our graduates are in high demand.
A business or commerce degree gives you an extensive range of
sought-after skills, making you highly employable. Whether you want to
start your own company, climb the ladder in a blue-chip organisation,
work with the biggest brands in the world or for your favourite
footy team, business skills are the drivers of success.
Our graduates are employed around the world in organisations of
every size from large, international organisations to small start-ups.
Many Monash graduates have successful careers with:
national and international banks, including ANZ, Macquarie
and Westpac
multinational organisations such as LOreal, Mondelez,
Mars, Deloitte, EY (formerly Ernst & Young), KPMG and PwC
(formerly PricewaterhouseCooper)
organisations in media and arts such as DDB, M&C Saatchi
and Clemenger BBO
professional services and superannuation firms such as
AustralianSuper
government departments, including the Department of Treasury
and Finance, and Department of Premier and Cabinet
consultancies, such as Frontier Economics
Studying business or commerce at Monash gives you the edge
when you graduate, as we offer courses the business world values.
Its our business
to know
5
Outstanding employment
opportunities
Professional
recognition
Professional recognition of your skills through membership
of relevant professional bodies is an important aspect of
your career development. For some roles, it may also be
a requirement for practising your profession.
Many of our courses satisfy the educational requirements for
professional membership or registration of these professional
organisations, including:
CPA Australia
Institute of Chartered Accountants Australia
Institute of Public Accountants
Institute of Actuaries of Australia
Financial Services Institute of Australasia
Chartered Financial Analysis Institute
Australian Human Resources Institute
Australian Institute of Management
Australian Psychological Accreditation Council
Tax Practitioners Board.
For more information, go to: buseco.monash.edu.au/esg/
asu/publications/professional-recognition.html
Skills for
the future
The Bachelor of Commerce provides a
strong skill set across a broad range of areas
relevant to business and government. A key
strength was the ability to choose majors
based on your preferences and interests.
Michael Golsworthy, Bachelor of Commerce, 2003
Senior Policy Analyst,
Department of Treasury and Finance
6
Be career ready
Monash offers internships and placements in business and commerce
courses as an ideal way to combine theoretical, classroom-based
learning with experiential learning to prepare you for your career.
Our courses offer industry-based learning and internship units,
including placements with organisations such as Deloitte, EY,
KPMG and PwC, DDB, George Patterson Y&R, LOreal, Deloitte,
Macquarie Bank, Frontier Economics, government departments
and more.
To expand your experience, you can also:
participate in leadership programs, including the Accounting and
Finance Leadership Program and Peers, Ambassadors and Leaders
(PAL) programs, which are exclusive to students in our faculty
attend networking events, where you can meet executives and
graduates from global organisations, through our student societies,
professional seminars, speakers series and student events
get recruitment advice and support to help you prepare your CV,
perform in interviews and find a job.
Real experience.
Networking
opportunities.
I chose the Bachelor of Accounting
because of its industry-based learning
component. The fact that I could
integrate my studies with work
experience was a big plus for me, and it
was my placements at PwC that helped
me get a job with the company before I
had even graduated.
I knew Id have access to some of
the best educators in the country and
get a world-class education, but also
employers know Monash graduates
are well trained and equipped with the
necessary skills to perform in the feld.
Cathryn Mann, Bachelor of Accounting, 2012
Tax Consultant, PwC
7
Choice and flexibility
Monash Universitys Faculty of Business and Economics is one of the
largest business faculties in Australia, which means you have more
choice at Monash than just about anywhere else.
Our graduates are highly valued around the world. We offer choice,
flexibility, work readiness and global opportunities that will make you
stand out in a global employment marketplace.
Our approach is focused on flexibility and opportunities so you can
choose a path to success that suits your skills, interests and goals.
With our courses, you can:
choose units of study youre interested in
study a double degree to increase your employability
undertake internships or industry-based learning within our
wide network of industry partners
study overseas so you have an international perspective
maximise your access to employment because your degree
is professionally recognised
network with potential employers
develop leadership skills through our exclusive leadership and
Peers Ambassadors and Leaders (PAL) programs.
This is the combination of excellence, options and opportunities
that attracts students, industry partners and researchers to Monash.
I chose to study at Monash
because I wanted my
qualifcations to be recognised
around the world.
I also knew that Monash
offers one of the best degrees in
marketing in the country.
Bonnie Jacks,
Bachelor of Business (Marketing), 2008
Account Manager, Hardie Grant Media
Many of our courses give you the opportunity to study abroad for a few
weeks, a semester or a whole year.
The Faculty of Business and Economics operates at campuses across
the world, including in Malaysia and South Africa and in our teaching
centre in Prato, Italy.
Study anywhere in the world by participating in an exchange
program at one of our partner universities across 26 countries,
including the University of Miami, Kings College in London, the
National University of Singapore or cole Suprieure des Sciences
conomiques et Commerciales (ESSEC) near Paris.
Participate in international internship programs, including the
Monash Oxfam program in South Africa and the Uni-Capitol
Internship Program in Washington, where you can intern with
offices of the United States Congress.
Go on a study tour, including the Monash Marketing Study Tour
in China or the Accounting and Finance Study Tour in Europe.
Alifiya Mutaher watches the sun rise over Tabur Hill,
Selangor, Malaysia.
Study
overseas
8
At Monash, we believe you
should have a global perspective
because we operate within a
global economy, and we combine
this with the belief that you dont
have to put your studies on hold
to travel the world.
Go on
exchange
The inter-campus exchange program to
Malaysia was the highlight of my Monash
student experience. It was great to be able to
continue my degree at an international campus
and to have new and interesting experiences.
I think studying overseas shows employers that
I can adjust, adapt and build a life in a foreign
environment without knowing anyone. As well
as being out of your comfort zone, you can still
excel and complete a life challenge, not only on
an academic level but a personal level as well.
Tatum de Silva, Bachelor of Business and Commerce/
Bachelor of Communications, 2010
9
Study. Travel.
See the world.
Learn in
different ways
Leading
academics.
Progressive
teaching
and research.
10
Learn in contemporary
ways and study in
state-of-the-art facilities
Problem-Based
Learning (PBL)
We offer PBL in the Bachelor of Business degree at our Peninsula
campus. You work with a small team of students and an academic
mentor to create practical solutions to real-life problems. As you solve
these problems, you learn the principles of each subject. Site visits
and industry placements form an integral part of the PBL approach.
Monash Business Behavioural
Laboratory (MBBL)
Monashs MBBL is spearheading research in judgment and
decision-making behaviours. How consumers make decisions has
enormous implications for business, government and not-for-profits.
For instance, how might health management be delivered if we
knew more about how consumers really make health decisions?
The research and technology used in the MBBL, including eye
trackers to help track responses and behaviours, is part of the
innovation and expertise you will find at Monash.
Monash Laboratory for
Experimental Economics
(MonLEE)
MonLEE is at the heart of Monashs strong focus on behavioural
economics. Many aspects of human decision-making differ from
the rational behavior assumed in economic models. Governments,
in particular, have found it is vital to analyse policies based on
understanding behavioural anomalies. This kind of research requires
the new thinking and the specialist facilities you find at MonLEE.
MonLEE helps economists test their hypotheses, identify the forces that
enhance innovation, cooperation and productivity, and contribute to shape
policy making and advance the science of economics across the globe.
Monash University Simulated
Teaching and Research
Laboratory (STARLab)
STARLab is a unique facility, a computer-based system that
replicates Australias financial institutions using software
developed by Monash.
STARLab provides students with the opportunity to test
theoretical finance concepts learned in the classroom by
hands-on application. In essence, it creates a rigorous
market atmosphere in the university classroom.
11
12
A guide to choice
FLEXIBILITY
AND
CHOICE
STRUCTURED
FOR
EARLY
SPECIALISATION
TWO
COURSES
STUDIED
CONCURRENTLY
Which course
is right for you?
At Monash, we let you
choose how you study.
We offer a range of
courses that offer different
professional outcomes.
Well be there to guide you
through all the possibilities,
so you can graduate with an
internationally-recognised
qualification that can take
you anywhere.
Take advantage of our global
perspective, exceptional
facilities, world-class teachers
and industry-based learning.
Range of majors
A comprehensive course is flexible and
evolves as your interests develop in
particular directions.
You can start with units from a range of
study areas and through your choices
progressively focus on one or two majors
and minors.
Monash guides you through this process so
you graduate with a degree that combines
breadth and depth of expertise relevant to
your interests and aspirations.
Specialist focus
A specialist course offers you focus and
depth through specialisation in your area
of interest from the start of your studies.
Some undergraduate specialist courses
are designed to prepare you to practise
in a specified regulated profession
upon graduation. Others concentrate
on developing particular expertise but
may be applicable to a broader range
of careers options.
You will graduate with a degree that
reflects your chosen specialisation.
Double degrees
A double degree lets you gain skills in
two different disciplines (such as arts and
business or commerce and engineering)
that doubles your career options when
you graduate.
Its a great way to tailor your qualification
to fit your diverse interests and talents.
Most double degrees will add one more year
to your time at Monash as both are studied
concurrently with electives from one degree
counting towards the other.
You can combine your business, commerce
or economics degree with another Monash
degree to expand both your study and
career horizons and opportunities.
Professional entry
graduate courses
Some courses at Monash prepare you for
direct entry to a profession upon graduation
with a bachelors degree.
However, you can also choose a
professional entry postgraduate course
after you have completed your bachelors
degree that also prepares you for entry to
a regulated profession. These are usually
masters degrees.
Fields where we offer professional entry
courses for graduates include architecture,
law, accounting, teaching and nursing.
In some professional fields, including
law, teaching and nursing, we offer you
both options.
If you already know
what course you
want to study, thats
great. You can find
more detailed course
information from
page 15.
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 13
Range of majors Specialist focus
Bachelor of Business (Accounting)
(go to page 16)
Bachelor of Business
(Banking and Finance)
(go to page 16)
Bachelor of Business (Law)
(go to page 16)
Bachelor of Business (Marketing)
(go to page 16)
Bachelor of Business (Psychology)
(go to page 17)
Bachelor of Commerce
(go to page 17)
Bachelor of Commerce
Scholars Program
(go to page 18)
Bachelor of Business
Administration
(go to page 17)
Bachelor of Economics
(go to page 19)
Bachelor of Economics
Advanced with Honours
(go to page 19)
Bachelor of Accounting

Bachelor of Commerce
(Accounting and Finance)
(go to page 18)
Bachelor of Business
(go to page 15)
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 14
Entry
requirements
for Faculty of
Business and
Economic
courses
Entry into our courses requires you to meet English and
maths prerequisites.
If you do not meet the maths requirements, you have the
option to do another course for which you do have the
prerequisite maths subjects. Once you have completed the
appropriate Monash maths unit in that course, you can apply
to transfer to your preferred course. Your results impact on
whether your transfer application is successful.
There are no prerequisite commerce subjects for our courses, but
we offer bonusing for study of relevant subjects in some courses.
All students must meet Monash Universitys English language
requirements. If you need assistance to meet the English
language requirements specified by the International English
Language Testing System (IELTS), you can undertake the
Monash English Bridging course offered by Monash College.
Some degrees, such as the Bachelor of Accounting, have
additional requirements. You must submit an accounting
supplementary form and attend an interview as part of the
application process for this degree.
More information about prerequisites and the scores you need to
achieve is listed in the fold-out section at the back of this guide.
(The ATAR and IB scores identified in this course guide should
be used as a guide only.)
For a comprehensive list of all entry requirements,
go to: monash.edu/coursefinder
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 15
Degrees
Bachelor of Accounting
Accounting is vital to the success of every
business in every industry, and professionals
with accounting skills are in high demand
which means an accounting degree is a
great basis for a range of career options.
The Bachelor of Accounting is Monash
Universitys premier accounting course.
It combines on-campus learning with
industry-based placements at major
accounting firms, giving you six months
of practical, industry-based learning
during your degree.
Students in this course receive an
industry-funded scholarship of $16,000.
Industry sponsors provide the scholarships
and they also play an important role in the
industry-based learning periods.
During the industry-based learning periods,
you work in corporate settings and complete
specified projects determined jointly by
academics and industry sponsors.
Location
Career
options
Career options
As an accountant, you can have a variety
of roles or work in any number of speciality
areas, such as tax, auditing, budgeting,
forensics or insolvency.
Some of our students have successful
careers with national and international banks,
including Macquarie, Westpac and ANZ;
with multinational organisations such as PwC,
KPMG and Deloitte; with private accounting
firms; and government departments including
the Department of Treasury and Finance.
Their roles include tax, environment,
forensic or management accountants,
auditors, liquidators and receivers,
chief financial officers, and business
and investment analysts.
In a typical year, 100% of students in the
Bachelor of Accounting are employed
before they have completed their degree.
This degree also gives you the educational
requirements for entry to the programs for
membership with the Institute of Chartered
Accountants Australia, CPA Australia, or the
Institute of Public Accountants to qualify
as an accountant.
Majors/
Double Degrees
Major available
Accounting
Structure
Structure
Specialist focus
Location
Campus
Clayton
ATAR
2014 ATAR
90+ (indicative only)
IB Score
33 (indicative only)
Bachelor of Business
There are few degrees that open up more
opportunities than Monash Universitys
Bachelor of Business. Whether you work
in a global organisation with thousands of
employees, or a small business with a small
team, a broad understanding of business
fundamentals and how a business works
will be essential to advance your career.
The Bachelor of Business has a flexible
course structure with a wide range of elective
units. You can choose your major area of
study from 13 majors, and you have the option
to study a second major or double degree.
You can also study overseas, undertake
an internship or study a language as part
of this course.
As well as developing strong skills in your major
area of study, you will learn crucial skills such
as how to think analytically and how to act
decisively. Its this mix of practical and analytical
business skills that will give you the confidence
and ability to make positive contributions
to your organisation.
The Bachelor of Business is offered in
Problem-Based Learning mode (PBL) at
the Peninsula campus. For more information
on PBL see page 11.
Structure
Structure
Range of majors
Location
Campus
Caulfield or Peninsula
ATAR
2014 ATAR
83+ (Caulfield)
80+ (Peninsula)
(indicative only)
IB Score
30 (Caulfield)
29 (Peninsula)
(indicative only)
Location
Career
options
Career options
Your career options depend on the major(s)
you choose and we offer options that open
up a range of career paths.
Some of our students who have graduated
with a Bachelor of Business have successful
careers in a range of companies across
the spectrum of industries. Our graduates
also work in non-traditional environments,
such as media, health, government and the
not-for-profit sector.
Our graduates may be employed as analysts
in business strategy, market research,
economic research, quantitative risk, and
planning; managers in commercial and
business development, product strategy, and
planning; auditors and accountants; human
resource specialists; employment relations
managers, organisational change consultants,
talent and development specialists, learning
and development managers, recruitment
consultants, workplace health and safety
consultants, and workplace relations
consultants; marketing coordinators, event
managers, and sponsorship consultants;
or managers of sports marketing, facilities
or operations.
Majors/
Double Degrees
Majors available
Accounting
Banking and finance
Business law
Business strategy
Econometrics
Economics
Human resource management
International business
Management
Marketing
Marketing and communication
Psychology
1
Sport management
1
Can only be taken as a second major
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 16
Bachelor of Business (Accounting)
This specialist degree gives you a combination
of business skills and accounting skills to enable
you to conquer the challenges of evolving
business environments.
You study core business subjects marketing,
management, business statistics, business
law and economics plus subjects leading to
a major in accounting. You can also choose
additional accounting units or a second major
from another area of business.
You will have opportunities to study overseas,
undertake an internship or participate in
leadership and development programs.
Location
Career
options
Career options
Our graduates work all over the world in
banking, insurance, accounting and finance.
They work for government, companies,
accounting and consultancy firms,
not-for-profits, and themselves.
Their roles include accountants, business
analysts and entrepreneurs developing
their own business ideas.
Majors/
Double Degrees
Major available
Accounting
Structure
Structure
Specialist focus
Location
Campus
Caulfield
ATAR
2014 ATAR
82+ (indicative only)
IB Score
30 (indicative only)
Bachelor of Business
(Banking and Finance)
This course focuses on banking and finance,
particularly commercial and investment
banking, corporate finance, and stock,
capital and derivative markets.
You also study business law, business
statistics, management, accounting,
marketing and economics, and can choose
additional units from other courses.
You have opportunities to study overseas,
undertake an internship and to learn in our
STARLab to gain practical experience in
financial decision-making.
Location
Career
options
Career options
A degree in banking and finance offers a
wealth of roles across the financial sector.
Our graduates work globally in banking,
insurance, accounting and finance.
They work for government, companies,
accounting and consultancy firms
and themselves.
Their roles include: banker, trader, investment
banker, financial planner, stockbroker,
lease finance expert and treasury manager.
Majors/
Double Degrees
Majors available
Banking and finance
Structure
Structure
Specialist focus
Location
Campus
Caulfield
ATAR
2014 ATAR
82+ (indicative only)
IB Score
30 (indicative only)
Bachelor of Business (Law)
2
In this course, you learn how to navigate the
legal and taxation challenges facing business.
The focus of your study is business and
business law. You develop your understanding
of the legal and taxation issues facing business
and the key principles of business statistics,
management, accounting, marketing
and economics.
You can choose additional units from
other courses.
Location
Career
options
Career options
Business and law is a dynamic combination
suited to a range of roles.
Our graduates have taken up opportunities
internationally in business and corporate
law, banking, media, finance, politics and
management. They work for governments
and corporations.
Their roles include paralegal administrators,
trade practice compliance officers, legal
policy and regulatory affairs advisers, and
business analysts.
2
This course does not qualify you to work as
a barrister or solicitor.
Majors/
Double Degrees
Major available
Business law
Structure
Structure
Specialist focus
Location
Campus
Caulfield
ATAR
2014 ATAR
82+ (indicative only)
IB Score
30 (indicative only)
Bachelor of Business (Marketing)
Strategic marketing is a key requirement for
business success.
This course develops your understanding
of fundamental marketing principles,
while also giving you a business base in
accounting, business law, business statistics,
management and economics.
Your training includes the skills for
researching, planning and delivering
marketing strategies. You can also choose
additional units from other courses.
Location
Career
options
Career options
Our graduates work for a wide variety of
organisations in marketing, advertising
and communications.
Their roles may include: marketing
manager, digital marketer, social media
manager, brand or product manager,
advertising executive, sales or account
manager, customer relationship and
business development manager, market
researcher, business analyst, marketing
consultant, communications officer
and e-commerce developer.
Majors/
Double Degrees
Major available
Marketing
Structure
Structure
Specialist focus
Location
Campus
Caulfield
ATAR
2014 ATAR
82+ (indicative only)
IB Score
30 (indicative only)
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 17
Bachelor of Business (Psychology)
Understanding how people think and how
their decisions can impact businesses is
a highly sought-after skill.
This course gives you the knowledge and
confidence to apply psychology in business
environments and develops your knowledge
of the core principles of marketing and
business management.
Location
Career
options
Career options
Our graduates work for governments,
clinics and corporations.
Their roles may include: human resource
manager, employment consultant,
recruitment analyst, change manager,
occupational health and safety manager,
marketing manager, marketing and
communications adviser, marketing analyst
and industrial relations manager.
Majors/
Double Degrees
Majors available
Management
Marketing
Psychology
Structure
Structure
Specialist focus
Location
Campus
Caulfield
ATAR
2014 ATAR
82+ (indicative only)
IB Score
30 (indicative only)
Bachelor of Business Administration
A degree in business administration gives
you the skills you need to operate effectively
in business environments.
Whether youre managing projects, running
your own business or working in a large
corporation, qualifications in business
administration give you a solid grounding
in all aspects of business management
and strategy.
The Bachelor of Business Administration
degree offers you the chance to gain
a business qualification from a leading
university, without requiring the Year 12 maths
prerequisites of other business courses.
Our business administration degree
also gives you the opportunity to study
an extended major in one of three key
business areas: marketing, accounting,
or finance and economics, giving you
additional knowledge in your field.
Location
Career
options
Career options
Business administration graduates can
expect to be employed around the
world in banks and consulting firms,
multinational corporations and small
boutique organisations.
Our graduates may find roles as business
development managers, investment and
portfolio managers, financial and money
market traders, or in accounting or
marketing roles.
Majors/
Double Degrees
Majors available
Accounting
Finance and economics
Marketing
Structure
Structure
Range of majors
Location
Campus
Berwick
ATAR
2014 ATAR
72-75 (indicative only)
IB Score
25 (indicative only)
Bachelor of Commerce
With a degree in commerce from Monash
University, you develop the skills and
expertise to play a leading role in the
commercial world.
You gain a thorough understanding of the
economy and business, beyond the daily
management of an organisation. You learn
how businesses operate, and explore
how economic, political, social, cultural,
and technological decisions impact the
business world.
The Bachelor of Commerce has a flexible
course structure that gives you a choice
of 12 majors, plus the ability to study a
second major or double degree.
You can also study overseas, undertake
an internship or study a language as part
of this course.
The Bachelor of Commerce also gives you
the opportunity to grow your critical-thinking
skills and increase your capacity to analyse
complex problems and develop solutions
to them.
Structure
Structure
Range of majors
Location
Campus
Clayton
ATAR
2014 ATAR
90+ (indicative only)
IB Score
33 (indicative only)
Location
Career
options
Career options
Your career opportunities depend on which
major(s) you choose, however many of our
graduates are in leadership roles across the
spectrum of industries and professions.
Some students who have graduated with
a Bachelor of Commerce have successful
careers with national and international banks,
including Westpac, ANZ, Commonwealth
Bank and Macquarie; with multinational
organisations such as PwC, KPMG and
Deloitte; with organisations in media and arts
environments such as DDB, M&C Saatchi
or Clemenger BBO; and with government
departments, including the Department
of Treasury and Finance or Department of
Premier and Cabinet.
Our graduates find roles as: auditors and
accountants, actuaries, credit and financial
risk analysts, pension risk managers, business
data analysts, data modellers, economic
capital statisticians, investment bankers,
finance directors, project finance analysts,
trade finance specialists, commodities and
derivatives traders, stockbrokers, mergers
and acquisitions specialists, human resource
specialists, marketing managers, policy
makers, researchers and advisors, and
sustainability consultants.
Majors/
Double Degrees
Majors available
Accounting
Actuarial studies
Business modelling
Econometrics and
business statistics
Economics
Finance
Financial and insurance
mathematics
International commerce
Management studies
Marketing
Philosophy and politics
3
Sustainability
3
Can only be taken as a second major
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 18
Bachelor of Commerce
(Accounting and Finance)
This course gives you a big-picture
understanding of the economy and the
commercial environment, with a particular
focus on accounting and finance.
You explore the impact of business decisions
in economic, political, social, cultural and
technological terms.
Your accounting and finance studies are
supported by study of core commerce
units, including business law, management,
marketing, economics and business statistics.
In addition, you have opportunities to
undertake an internship, study overseas
and participate in leadership programs.
Location
Career
options
Career options
A commerce degree offers a wealth of roles
across a very broad spectrum of areas.
Your career opportunities depend on the
units taken, however some of our graduates
have successful careers with national and
international banks, with multinational
organisations such as PwC, KPMG and
Deloitte, and with government departments,
including the Department of Treasury
and Finance or Department of Premier
and Cabinet.
They may work as operations managers,
accountants, stockbrokers, treasury
managers, financial advisers, analysts
and accountants.
Structure
Structure
Specialist focus
Location
Campus
Clayton
ATAR
2014 ATAR
90+ (indicative only)
IB Score
33 (indicative only)
Bachelor of Commerce
Scholars Program
4
The Bachelor of Commerce Scholars Program
is for high-achieving Year 12 students.
As a scholar you receive a $6000 per annum
scholarship, mentoring by senior faculty
staff and access to a scholar study room.
You will also be eligible to attend guest
lectures, workshops and seminars.
The scholars program is competitive and
places are limited.
You will need an ATAR of 98+ to be eligible
for the program.
You can combine the Bachelor of Commerce
Scholars Program as a double degree with
the Bachelor of Economics or the Bachelor
of Arts Scholars Program.
Structure
Structure
Range of majors
Location
Campus
Clayton
ATAR
2014 ATAR
98+ (indicative only)
IB Score
41 (indicative only)
Location
Career
options
Career options
Career options are listed under our Bachelor
of Commerce degree.
If you are part of the scholars program, you
have the added benefit of being recognised
as a high achiever. The program gives you the
opportunity to develop industry connections
while you are studying, through seminars and
our mentoring program.
Majors/
Double Degrees
Majors available
Accounting
Actuarial studies
Business modelling
Econometrics and
business statistics
Economics
Finance
Financial and insurance
mathematics
International commerce
Management studies
Marketing
Philosophy and politics
5
Sustainability
4
For domestic students only
5
Can only be taken as a second major
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 19
Bachelor of Economics
A degree in economics is a great basis for a
successful business career.
Studying economics means you come to
understand how the economy works and
the impact it has on companies, countries
and the world. You look at how the decisions
of individuals, business and government
influence the behaviour of the economy.
This course will give you a solid education
across the field of economics and
encourages logical thought and detailed
analysis of economic issues.
Location
Career
options
Career options
Graduates with degrees in economics are
in high demand in a variety of professions
and industries.
Many graduates work as economists,
economic advisers and market and trade
analysts, or in the stock market. They also
move into fields such as investment, politics,
government and international trade.
Some of our graduates have successful
careers with government departments, such
as the Department of Treasury and Finance
and the Australia Bureau of Statistics; with
consultancies, such as Frontier Economics;
and with national and international banks,
including Macquarie, Westpac and ANZ.
Majors/
Double Degrees
Majors available
Actuarial studies
Econometrics and business statistics
Economics
Financial and insurance mathematics
Philosophy and politics
6
6
Can only be taken as a second major
Structure
Structure
Range of majors
Location
Campus
Clayton
ATAR
2014 ATAR
90+ (indicative only)
IB Score
33 (indicative only)
Bachelor of Economics Advanced
with Honours
7
The Bachelor of Economics Advanced with
Honours offers high-achieving students a
great start to their career.
The course content is similar to the
Bachelor of Economics as you analyse
economic issues and learn the key
principles of economics, business statistics,
financial and insurance mathematics
or actuarial studies, and it may include
industry-based placements.
This course includes econometrics and
mathematics units, allowing you to carry
out analytical and technical study.
It normally takes four years to complete
this course.
Location
Career
options
Career options
As a graduate of this course you will be
well placed to become a leader in your
chosen career.
As an honours graduate, youll have an
advantage when competing for jobs, and
some employers, such as key government
departments, only employ students with
an honours qualification. Starting salaries for
honours graduates are also generally higher.
Whether working as an economist or actuary
in a large organisation or as an economist or
business analyst in the government sector,
you will be supported by skills and experience
that are well-advanced when compared to
those of your peers.
Majors/
Double Degrees
Majors available
Actuarial studies
Econometrics and business statistics
Economics
Financial and insurance mathematics
Philosophy and politics
8
7
For domestic students only
8
Can only be taken as a second major
Structure
Structure
Range of majors
Location
Campus
Clayton
ATAR
2014 ATAR
98+ (indicative only)
IB Score
41 (indicative only)
Bachelor of Business Bachelor of Commerce
Focuses on how individual organisations and businesses operate Focuses on the wider commercial and economic environment
Campus: Caulfield and Peninsula Campus: Clayton
ATAR: 80+ (indicative only) ATAR: 90+ (indicative only)
Maths prerequisite: A score of 25 in any maths Maths prerequisite: Score of 25 in maths methods or specialist maths
Teaching mode: Lecture/tutorial (Caulfield),
Problem-based learning (Peninsula)
Teaching mode: Lecture/tutorial
Majors available:
Accounting
Banking and finance
Business law
Business strategy
Econometrics
Economics
Human resource management
International business
Management
Marketing
Marketing and communication
Psychology
9
Sports management
Majors available:
Accounting
Actuarial studies
Business modelling
Econometrics and business statistics
Economics
Finance
Financial and insurance mathematics
International commerce
Management studies
Marketing
Sustainability
Philosophy and politics
9
Double degree options:
Arts
Visual arts
Health science
Journalism
Double degree options:
Aerospace engineering (Honours)
Arts
Arts (Global)
Biomedical science
Business information systems
Economics
Education (Secondary)
Engineering (Honours)
Environmental engineering (Honours)
Journalism
Laws
Music
Science
Pharmacy
9
Second major only
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING
Bachelor of Business and
Bachelor of Commerce: a comparison
There are similarities between our Bachelor of Business and
Bachelor of Commerce degrees both will give you a world-class
education and give you the opportunity to undertake industry-based
learning, double degrees and study overseas. However, which course
you choose comes down to your individual interests and goals.
Choosing your degree
20
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 21
I studied a double degree which
allowed me to explore two areas of
interest. But it was the practical
experience in my third and
fourth years of my commerce
degree as a vacation student in
the tax team at Ernst & Young
that helped me realise I wanted to be an
economist rather than a solicitor.
Jacqueline Bastiani, Bachelor of Laws/
Bachelor of Commerce, 2009
Senior Economist, Department of
Treasury and Finance
Here is just one example of a
double degree:
Bachelor of Commerce and Bachelor of Laws
This course gives you the legal foundations and practices at the
heart of business together with a big-picture understanding of
the economy.
This double degree provides the knowledge and skills required in
the management of public and private enterprises, together with
a law degree.
You can study specialist commercial law units, such as corporations
law, international law and business transactions, taxation law and
industrial bargaining and arbitration, which will complement the
solid grounding provided in both domestic and international law.
The combination of legal and commercial expertise is invaluable
in many areas of business.
A double degree in commerce and law provides graduates
with a wide range of career possibilities in law or in business
or government environments.
One of our most popular double combinations, this degree could
see you working as a lawyer or legal adviser in a large corporation,
law reform agency, government service, or a legal firm.
You can combine your business
or commerce degree with other
degrees. In a double degree, you
study two degrees at the same
time. This broadens your specialist
knowledge and makes you more
competitive in the job market.
A double degree usually only adds
one extra year to your studies.
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING
Double degrees
22
Our degrees can be combined with many others
Primary degree Second degrees available Faculty for second degree
Bachelor of Business Bachelor of Visual Arts Art Design & Architecture
Bachelor of Arts
Bachelor of Journalism
Arts
Bachelor of Health Science Medicine, Nursing and Health Sciences
Bachelor of Business (Accounting) Bachelor of Arts Arts
Bachelor of Business (Banking and Finance)
Bachelor of Business (Management)
Business and Economics
Bachelor of Business (Banking and Finance) Bachelor of Arts Arts
Bachelor of Business (Accounting) Business and Economics
Bachelor of Business (Management) Bachelor of Business (Accounting)
Bachelor of Business (Marketing)
Business and Economics
Bachelor of Business (Marketing) Bachelor of Arts Arts
Bachelor of Business (Management) Business and Economics
Bachelor of Commerce Bachelor of Arts
Bachelor of Arts (Global)
Bachelor of Journalism
Bachelor of Music
Arts
Bachelor of Economics Business and Economics
Bachelor of Education (Secondary) Education
Bachelor of Aerospace Engineering (Honours)
Bachelor of Engineering (Honours)
Bachelor of Environmental Engineering (Honours)
Engineering
Bachelor of Business Information Systems Information Technology
Bachelor of Laws Law
Bachelor of Biomedical Science Medicine, Nursing and Health Sciences
Bachelor of Pharmacy Pharmacy and Pharmaceutical Science
Bachelor of Science Science
Bachelor of Commerce Scholars Program Bachelor of Arts Scholars Program Arts
Bachelor of Economics Business and Economics
Bachelor of Economics Bachelor of Arts Arts
Bachelor of Commerce
Bachelor of Commerce Scholars Program
Business and Economics
For more information, go to monash.edu/coursefinder
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 23
Mikaela Conan-Davies, Bachelor of Arts/Bachelor of Business (Marketing)
Why students
choose Monash
Course
flexibility
Peter Melilli, Bachelor of Commerce, 2013
The Bachelor of Commerce is great because it didnt lock
me into one option. I could study a range of core commerce
units to see which areas I liked best. I also had the flexibility to
decide whether I wanted to study a single or double major.
Double
your options
Mikaela Conan-Davies, Bachelor of Arts/
Bachelor of Business (Marketing)
I chose Monash because I wanted to study a double degree
in arts and marketing, and Monash is the only institution which
offered this combination. Studying a double degree has a huge
advantage, as it gives you skills across multiple disciplines and
shows future employers that you are adaptable.
BUSINESS, ECONOMICS, COMMERCE AND ACCOUNTING 24
Majors
A business or commerce degree is all about offering you options so
you can create the right mix of skills for your career. You choose your
major and you complete a number of units in that area. You can add
in units from other areas, such as arts or another business, economics
or commerce course, to widen your learning.
Accounting
Example of available units Snapshot of what you study
Principles of accounting and finance How financial information is collected and reported to support business decisions
Financial management How a business values its assets, budgets for capital expenditure, and structures its assets
Cost information for decision making How product costing information is collected and reported to support business decisions on pricing
Company reporting The accounting standards, professional reporting, legal and stock exchange requirements a business must meet
Performance measurement and control How systems can be designed and operated to manage business performance and support planning and strategy
Auditing and assurance The techniques, duties and processes for effective auditing
Courses that include this major
Bachelor of Accounting
Bachelor of Business
Bachelor of Business (Accounting)
Bachelor of Business Administration
Fee
Entry
Requirements
Professional
Recognition
Professional recognition
Completion of a major in accounting satisfies the educational requirements for professional membership or registration with key accounting professional
organisations so you can practise as an accountant.
For more information, go to: buseco.monash.edu.au/esg/asu/publications/professional-recognition.html
Actuarial studies
Data modelling and computing Techniques and tools for accessing and organising data to model business scenarios
Actuarial statistics Demographic statistics and mortality rates to construct risk tables for pricing insurance products
Probability and statistical inference
for economics and business
The main methods of estimation to test variables and probabilities in business processes
Financial institutions and markets The operations of payments systems, banks, insurers and funds managers in financial markets
Financial econometrics Models which assess financial data that include variables to allow for the volatility of the financial market
Contingencies in insurance
and pensions
Modelling and valuation techniques to calculate the risk of events occurring and the impact of the risk on business
cash flow
Courses that include this major
Bachelor of Commerce
Bachelor of Commerce Scholars Program
Fee
Entry
Requirements
Professional
Recognition
Professional recognition
Completion of a major in actuarial studies may qualify you for exemptions for Part 1 subjects of the Institute of Actuaries of Australia.
Part 2 exemptions are available as part of an Honours year.
For more information, go to: buseco.monash.edu.au/esg/asu/publications/professional-recognition.html
Choose from
23 areas
of study.
MAJORS
Bachelor of Commerce
Bachelor of Commerce (Accounting and Finance)
Bachelor of Commerce Scholars Program
Bachelor of Economics
Bachelor of Economics Advanced with Honours
25
Banking and finance
Example of available units Snapshot of what you study
Money and capital markets The structure and operation of financial institutions, systems and markets
Commercial banking and finance How banks manage credit, capital, liquidity and investment risks
Equity markets The principles and strategies for stock trading
Investments and portfolio management How to value securities and measure portfolio performance
Credit analysis and lending
management
The relationship between customer needs, lending policies and the assessment of loan applications within
an economic environment
Treasury management How Treasury manages risk using hedging techniques
Courses that include this major
Bachelor of Business
Business law
Commercial law Key legal principles for business, including contract, agency, partnership and company law, and consumer
protection against defective products or misleading advice
Corporations law How a company structure operates and is regulated
Corporate crime How white-collar crime, such as insider trading or defective disclosure, is investigated and prosecuted
Banking law Legal principles for banking, including consumer credit, electronic banking and personal property security
Environmental law for business The impact of legal requirements for land, water, air pollution and industrial waste management on business
development projects
Marketing law How marketing decisions are affected by trade practices law, intellectual property rights and consumer protection
Courses that include this major
Bachelor of Business
This area of study does not qualify you to act as a solicitor or barrister.
Business modelling
Example of available units Snapshot of what you study
Mathematics for economics
and business
Specialised maths for econometric studies and the application of advanced maths software
Modelling in finance The creation of financial spreadsheets and the ability to model business options the foundation for any business
Business modelling methods Computer modelling to solve business problems using matrix algebra and linear programming
Risk and business modelling Modelling of business processes involving risk and uncertainty in manufacturing or service delivery
Mobile application development Application design using an object-oriented system and best practice in development platforms
Applied forecasting for business
and economics
Statistical methods and computer skills for forecasting business and economic variables and how they may
impact production and service delivery
Courses that include this major
Bachelor of Commerce
MAJORS
Majors (continued)
Bachelor of Business (Banking and Finance)
Bachelor of Business (Law)
Bachelor of Commerce Scholars Program
26
Business strategy
Example of available units Snapshot of what you study
Project and innovation management The concepts, techniques and decision tools for effective project management
Organisation governance and ethics Ethics, social responsibility and governance issues for business success
Consumer psychology How consumer needs, motivations, perceptions and attitudes influence how a business designs and delivers
a service or product
Business strategy The concepts and tools used to create a competitive advantage and manage a business strategy
Cross cultural management
and communication
The influence of culture on business and management practices
Issues in global business The social, cultural, legal and political developments impacting the strategy and operations of a business
operating globally
Courses that include this major
Bachelor of Business
Taught in PBL mode at the Peninsula campus.
Econometrics
Example of available units Snapshot of what you study
Business statistics Statistical interpretation of data to identify the variables in business scenarios
Introductory econometrics Econometric tools for modelling, estimation, inference and forecasting for economic and business problems
Business modelling The formulation of business decision problems as mathematical models to help generate possible solutions
Optimisation for managers Recognising business decision problems through benchmarking, game theory and other techniques
Survey data analysis Use of multiple types of tools, analysis and modelling to analyse business survey data
Business forecasting Tools, including time series analysis, for forecasting economic, business and financial shifts
Courses that include this major
Bachelor of Business
Econometrics and business statistics
Example of available units Snapshot of what you study
Business and economic statistics Interpreting business data through tables, charts, standardisation, relationships, probability and hypotheses
Principles of econometrics The core principles for assessing and testing the likelihood of business risks and scenarios
Applied econometrics Modelling to analyse data about individual consumers, households and firms
Time series analysis for business
and economics
The techniques and tools for analysing sequences of data points at successive points in time to reveal likely
future activity
Intermediate microeconomics Theories about consumer choices and price setting
Integrated economic modelling Approaches to policy problems where there are a wide range of random variables affecting how a decision
should be made
Courses that include this major
Bachelor of Commerce
Bachelor of Commerce Scholars Program
MAJORS
Bachelor of Economics
Bachelor of Economics Advanced with Honours
27
Economics
Example of available units Snapshot of what you study
Macroeconomics The key indicators affecting the economy including demand, business and investment behaviour, government
spending and tax, labour market, money, credit and monetary policy
Microeconomics Theories of consumer choice, production, competition, pricing, market structures and market failure
Monetary economics Economics of financial assets, markets, intermediaries; money aggregates; behaviour of interest rates; loan funds
analysis; independence of central banks; determinants of the money supply and the conduct of monetary policy
Public finance The economic concepts applicable to the public sector, including its relationship with the private sector and expenditure
Environmental economics Application of microeconomic theory to environmental problems; the relationship between the economy and the
environment; economic impact of environmental policies
Economics of developing countries Analytical framework for studying economic problems of developing countries; economic development polices
Labour economics The impact of labour issues such as wages, mobility, incentives, training and discrimination
Courses that include this major
Bachelor of Business
Bachelor of Commerce
Bachelor of Commerce Scholars Program
Finance
Example of available units Snapshot of what you study
Corporate finance How public companies invest and access finance
Advanced corporate finance How financial decisions are made about structures, mergers, acquisitions and governance
Equities and investment analysis Types of assets and how these are managed in funds, superannuation and portfolios
Debt markets and
fixed income securities
The maths of finance, rates of interest and cash flow, and how these are applied to debt and products that create
income for retirees
International finance Exchange rate systems and approaches to hedging
Property investment Market analysis, pricing and portfolio theory applied to property investments such as trusts or
development projects
Courses that include this major
Bachelor of Commerce
Bachelor of Commerce (Accounting and Finance)
Majors (continued)
Bachelor of Economics
Bachelor of Economics Advanced with Honours
Bachelor of Commerce Scholars Program
MAJORS 28
Finance and economics
Example of available units Snapshot of what you study
Accounting information systems and
financial modelling
Technological control systems and models for managing data and accounting analysis
Managerial economics The impact of market processes and conditions, consumer demand patterns, cost structures, pricing policies and
regulation on business decision making
Macroeconomic and monetary policy The cyclical behaviour of the economy and how monetary, fiscal and exchange rate policies operate
Economics of money and banking How monetary policy and external market shocks affect activity in the banking sector
Economics of international trade
and finance
The role of trade policy tariffs, quotas, subsidies and foreign exchange markets on international trade
Business data modelling Analysis of business data using probability theories and statistical processes
Courses that include this major
Bachelor of Business Administration
Financial and insurance mathematics
Example of available units Snapshot of what you study
Financial mathematics Mathematical processes for evaluating uncertain future pay-offs applicable to financial options and derivatives
Analysis of change How to model change using algebraic manipulations, vectors and calculus
Random processes in the sciences
and engineering
Understanding the idea of random variables varying with time and the key processes in probability for financial
markets and insurance
Techniques for modelling Use of vectors and linear algebra to solve equations
Real analysis Analysis using real numbers their properties, sequences and functions
Bayesian modelling and risk analysis Risk models for insurance how probabilities are calculated using random variables
Courses that include this major
Bachelor of Commerce
Bachelor of Commerce Scholars Program
Human resource management
Introduction to management The influence and interaction of managers with people and organisations to achieve organisational goals
Human resource management How HR planning, job design, reward systems and staff development contribute to business success
Managing employee relations Communication, negotiation and bargaining in the workplace between management, employees, trade unions,
employer groups and government
Managing conflict Theories and processes for dispute resolution, including counselling, negotiation and mediation
Employment law The legal issues in employment, including contracts, recruitment, discrimination, termination and health and safety
Human resource strategy Creation of innovative HR strategy to achieve business success
Courses that include this major
Bachelor of Business
Bachelor of Economics
Bachelor of Economics Advanced with Honours
MAJORS 29
As part of my degree I did two industry-
based learning placements at Deloitte
and PricewaterhouseCoopers. These placements
were a fantastic way to put the theory I learned in
my classes into practice. It also helped me
realise how varied the feld of accounting is.
Mrunal Chavan, Bachelor of Accounting, 2013
MAJORS 30
International business
Example of available units Snapshot of what you study
International business The impact on business operations, trade and investment of the global range of legal, political, cultural and
technological contexts in which international businesses operate
International management How theories about management and leadership operate in various cultures
International financial management Multinational businesses, the international financial environment and managing foreign exchange risk
International trade law Laws affecting Australian businesses overseas, including trade conventions, import and export procedures,
and payment systems
Trade finance and foreign exchange Payments between countries, foreign exchange markets and investment, trade barriers
International marketing The economic, political, geographic, demographic and cultural issues influencing business in other countries
Courses that include this major
Bachelor of Business
International commerce
Example of available units Snapshot of what you study
Introduction to financial accounting The form and content of financial reports to meet business requirements and to measure success
Asian management Cross-cultural management issues, including the impact of ethnic, gender, religious and kinship factors on work
ethics, leadership and decision making
International human resource
management
The management of human resources in the context of overseas subsidiaries, acquisitions and joint ventures
Current issues in macroeconomic policy Government policy and its impact on economic growth and inflation in a global context
Managing international business The nature of multinational, transnational and small multinational businesses; and comparisons of business systems
in a variety of developing and developed countries
International employment relations Employment relations in Europe, the Americas and in Asian economies, including China and India
Courses that include this major
Bachelor of Commerce
Management
Managerial communication Communication in leadership, decision making, conflict resolution, creativity and problem-solving
Organisational change Strategies and actions for planned organisational change
Strategic management How organisations generate competitive advantage and gain superior performance
Organisational behaviour Reward systems, behaviours, learning, leadership, teamwork, technology, emotions, culture and diversity
Managing quality, innovation
and knowledge
Systems and methodologies for quality control, continuous improvement, and product and process innovation
Leadership principles and practices The development of a framework based on a personal portfolio of leadership concepts, character and competencies
Courses that include this major
Bachelor of Business
Majors (continued)
Bachelor of Commerce Scholars Program
Bachelor of Business (Psychology)
MAJORS 31
Management studies
Example of available units Snapshot of what you study
Organisations: contexts and strategies How organisations operate, and the factors which determine how managers can operate more effectively
Management ethics and corporate
governance
Ethical issues in marketing, climate change and environmental protection regulation, corporate governance,
human resource management and social accounting
Human resource development The roles of training, management, career and organisational development for business success
Employee relations The changing nature of work and the implications of this for labour and management in the workplace
Public management Accountability, efficiency and effectiveness in the public sector
Management in small firms The role and nature of small firms in industrial economies, including types of ownership and structures
and the types of people who own and manage them
Courses that include this major
Bachelor of Commerce
Marketing
Example of available units Snapshot of what you study
Principles of marketing The key concepts upon which the practice of marketing is based
Consumer behaviour Behavioural concepts and theories relating to consumer behaviour and consumer decision-making processes
Market research methods The design and use of research tools to identify, collect, analyse and interpret market information to improve
business decision making
Brand management Analysis of the way a brand operates as a promise of value to attract and keep customers
Digital marketing How traditional marketing concepts, techniques and activities translate into the digital marketing medium
Strategic marketing The creation and evaluation of marketing strategies in given contexts
Courses that include this major
Bachelor of Business
Bachelor of Business (Marketing)
Bachelor of Business (Psychology)
Marketing and communication
Example of available units Snapshot of what you study
Consumer psychology How consumer motivation, perception, memory, social cognition, personality and attitude formation
are used by business to design, position and promote goods and services
Research methods and analysis How qualitative and quantitative data is compiled, analysed and interpreted to provide insights for
marketing activities
Social marketing The use of marketing principles and tools to encourage the adoption of socially beneficial behaviours
in contexts such as health, safety, the environment and community engagement
Festivals and events The nature, scale and scope of festivals and events, their economic impact and the importance of
research and planning
Tourism marketing The marketing methods and segmentation applied to promote tourism
Stakeholder marketing
communication
Developing communication campaigns that strategically utilise appropriate marketing tools such as advertising,
database and direct response marketing, personal selling, public relations, sponsorship, and promotions
Courses that include this major
Bachelor of Business
Taught in PBL mode at the Peninsula campus.
Majors (continued)
Bachelor of Commerce Scholars Program
Bachelor of Business Administration
Bachelor of Commerce
Bachelor of Commerce Scholars Program
MAJORS 32
Philosophy and politics
Example of available units Snapshot of what you study
Life, death, and morality
(Introduction to philosophy A)
An introduction to moral philosophy with a focus on the ethics of killing
Time, self, and mind
(Introduction to philosophy B)
Questions about the nature of time, causation, human freedom, personal identity and the possibility
of artificial intelligence
Ethics Introduces foundational ideas associated with modern politics and governance, including key ideas and
concepts such as liberalism, nationalism, socialism, democracy and the state
An introduction to politics Theories and critiques of the events and issues in international relations
Political ideas in context:
Nature, law and revolution
The ideas of political thinkers in their historical contexts, including Socrates, Machiavelli, Locke, Burke and Marx
Courses that include this major
Bachelor of Commerce
Bachelor of Commerce Scholars Program
This major can only be taken as a secondary area to support your primary major.
Psychology
Developmental and
biological psychology
Physical, cognitive and social-emotional changes across the life span and states of consciousness,
mental disorders and addiction, mechanisms and disorders of learning and memory
Cognitive and social psychology History and philosophy of different schools of thought about personality and social processes,
including Freud and Jung
Research design and analysis Conceptual and practical skills in designing and analysing psychological research
Abnormal psychology Different theoretical perspectives about psychological disorders and their treatment
Psychological testing, theories of
ability and ethics
The use and interpretation of psychometric testing and the factors affecting human intelligence and
intellectual disability
Perception and personality The sensory processes involved in vision, audition and speech perception and theories of personality
Courses that include this major
Bachelor of Business
This major can only be taken as a secondary area to support your primary major.
There are certain requirements to meet professional accreditation as a psychologist which can impact on other majors.
For more information please speak with a course adviser.
Sports management
Example of available units Snapshot of what you study
Sport, culture and industry The significance of sport in contemporary culture, including the sports celebrity
Sport economics Sports market and policy, and the economic structures and impacts for players, clubs, fans, sponsors,
media and government
Sport finance Costing, budgeting and accounting systems in the financial management and operations of sport organisations
Festivals and events The nature, scale and scope of festivals and events, their economic impact and the importance of research
and planning
Courses that include this major
Bachelor of Business
Taught in PBL mode at the Peninsula campus.
Bachelor of Economics
Bachelor of Economics Advanced with Honours
Bachelor of Business (Psychology)
MAJORS 33
Sustainability
Example of available units Snapshot of what you study
Sustainability and the law Regulatory strategies for environmental protection in response to systemic crises, such as climate change
and natural resource depletion
Economics of climate change How climate change and mitigation policies, such as emissions trading schemes, impact on economies
Managing for sustainability Policy modelling and analysis for sustainability in cities, health systems, water management and
species maintenance
The global challenge Global issues of poverty, environmental degradation, social inequality and economic exclusion
Prosperity, poverty and sustainability
in a globalised world
Economic analysis of the global movements of capital, labour and goods and services to identify the underlying
causes of economic prosperity, poverty and environmental degradation in the modern global economy
Not for profit marketing Social and political marketing, government and education marketing, arts and culture marketing
Courses that include this major
Bachelor of Commerce
Bachelor of Commerce Scholars Program
Majors (continued)
MAJORS 34
What to expect in
your course
A structured course
In a structured course, with a focus on industry-based learning, such as the Bachelor of Accounting, your course might look like this:
Bachelor of Accounting
Year 1 Semester 1 Principles of accounting
and finance
Principles of
microeconomics
Business and economic
statistics
Introduction to management
Semester 2 Introduction to financial
accounting
Corporate finance Business law Elective
Year 2 Semester 1 Financial accounting Cost information for
decision making
Australian company law Elective
Semester 2 Industry-based learning A (14-week placement)
Summer
semester
Industry-based learning B (12-week placement)
Year 3 Semester 1 Advanced financial
accounting
Taxation law Elective Elective
Semester 2 Auditing and assurance Performance and
measurement control
Elective Elective
A flexible course
In a flexible course with a range of majors, such as the Bachelor of Commerce, your course might look like this:
Bachelor of Commerce
Year 1 Semester 1 Principles of marketing Introduction to management Business law Elective
Semester 2 Principles of
microeconomics
Business and
economic statistics
Principles of accounting
and finance
Elective
Year 2 Semester 1 Major Major Elective/second major Elective/second major
Semester 2 Major Major Elective/second major Elective/second major
Year 3 Semester 1 Major Major Elective/second major Elective/second major
Semester 2 Major Major Elective/second major Elective/second major
A specialised course
In a specialised course, such as the Bachelor of Business (Marketing), your course might look like this:
Bachelor of Business (Marketing)
Year 1
Semester 1 Marketing theory
and practice
Business statistics Principles of accounting
and finance
Introduction to management
Semester 2 Buyer behaviour Elective Commercial law Microeconomics
Year 2 Semester 1 Marketing research methods Marketing elective Elective Elective
Semester 2 Marketing decision analysis Marketing elective Elective Elective
Year 3 Semester 1
Marketing planning and
implementation
Marketing communication Elective Elective
Semester 2 Strategic marketing Marketing elective Elective Elective
WHAT TO EXPECT IN YOUR COURSE 35
Monash College is the preferred pathway for students who aspire
to study a degree in the Faculty of Business and Economics at
Monash University.
Depending on your current level of study and future aspirations,
you can choose from either:
Monash University
Foundation Year
A pre-university program designed to prepare international
students with the skills and knowledge required to succeed at
Monash University.
After successfully completing the Foundation Year program and
achieving the required marks, you will have a guaranteed place
in the first year of your chosen business degree.
Diploma
of Business
A specialised program designed to prepare you for success in
your business degree. During the program you will study the
same curriculum and complete the same assessments as
undergraduate students.
After successfully completing Diploma Part 2 with the required
overall results you will be guaranteed a place in the second year
of your chosen degree.
For more information on Monash College academic pathways visit:
monashcollege.edu.au
English
language courses
The Monash University English Language Centre is the preferred
English pathway into Monash University.
If you do not meet the English language requirement for direct
entry into your course you may receive a conditional offer for
one of our two programs:
Monash English Bridging (MEB)
This program is ideal for students who have narrowly missed the
English language requirement for direct entry. After successful
completion of the 10 or 15-week program, you will move directly
into your chosen Monash course without the need for an
additional IELTS test.
Note: MEB is not accepted for entry into all degrees. Those who
are ineligible should consider Monash English.
Monash English (ME)
This program is designed for students who require additional English
language development to enter into either the Monash English
Bridging or University courses. Course duration depends on your
current English language proficiency and your preferred destination
course. Intakes for Monash English occur every five weeks.
For more information on English language pathways visit:
monashcollege.edu.au/english
Monash College for
international students
MONASH COLLEGE FOR INTERNATIONAL STUDENTS 36
Monash is internationally renowned
for its business courses. When I decided
to study overseas, I knew Monash
was the best choice. Monash College
offered me the pathway to the
Faculty of Business. I was able to
fast track my studies by completing
the equivalent of frst year university
in only eight months.
Hongyu Leng,
Diploma of Business, Bachelor of Commerce
CONTINUE YOUR JOURNEY OF DISCOVERY
Continue your
journey of discovery
Faculty of Business and
Economics graduate courses
Extend
yourself.
Be inspired.
Honours Bachelor of Commerce (Honours)
Bachelor of Economics (Honours)
Graduate
certificates
Graduate Certificate in Business
Graduate Certificate in Pharmacoeconomics
Graduate
diplomas
Graduate Diploma in Business
Graduate Diploma in Health Economics and Policy
Graduate Diploma in Human Resource Management
Masters Executive Master of Business Administration
Master of Accounting
Master of Actuarial Studies
Master of Advanced Marketing
Master of Applied Econometrics
Master of Applied Finance
Master of Banking and Finance
Master of Business
Master of Business Administration
Master of Business Economics
Master of Business Law
Master of Business (Science and Technology)
Master of Diplomacy and Trade
Master of Economics
Master of Human Resource Management
Master of International Business
Master of Management
Master of Marketing
Master of Professional Accounting
Master of Public Policy and Management

For more information, go to monash.edu/coursefinder
Monash offers a wide range of
postgraduate degrees in business, from
masters programs in accounting and
finance, economics, marketing and
management to MBAs and PhDs.
You can pursue masters degrees, graduate
diplomas and graduate certificates. You can
study full time or part time, off campus or
on campus. And, if you need to adjust your
goals, you can. For example, you might
start a masters course but choose to exit
early with a graduate diploma. Or start a
graduate diploma and decide to continue
on to a masters.
We offer you the flexibility to complete part
of your course by following a unit-based
program, and part of it by completing a
research thesis.
Monash also offers research-based
postgraduate degrees. While the challenge
takes commitment, drive, motivation and
talent, the benefits are enormous. It will
enable you to pursue a passion, working in
a supportive environment with like-minded
people. And it can open up incredible
career opportunities.
For more information on postgraduate
opportunities at Monash, go to
monash.edu/study
37
Bachelor of
Business
Administration
Bachelor of
Business
Bachelor of
Commerce
Bachelor of
Accounting
Bachelor of
Economics
Bachelor of
Economics
Advanced with
Honours
B CF P CL CL CL CL
Accounting
Actuarial studies
Banking and finance
Business modelling
Business law
Business strategy
Econometrics
Econometrics and business statistics
Economics
Finance
Finance and economics
Financial and insurance mathematics
Human resource management
lnternational business
lnternational commerce
Management
Management studies
Marketing
Marketing and communication
Philosophy and politics
10

Psychology
10 11

Sports management
Sustainability
Majors by course and campus
10
These majors can only be undertaken as a second major.
(Your first major must be from the Faculty of Business and
Economics and be taken on your campus of enrolment.)
11
There are certain requirements to meet professional accreditation as a
psychologist which can impact other majors. For more information, talk
to your course adviser.
Campus key
B Berwick
CF Caulfield
CL Clayton
PV Parkville
P Peninsula
Course VCE prerequisite
requirements
Typical ATAR
(score to be used
as a guide only)
IB prerequisite
requirement
Typical IB score
(score to be used
as a guide only)
Campus Length
of course
(years)
Single degrees
Bachelor of Accounting 1 90+ 1 33 CL 3
Bachelor of Business 2 80 82 2 30 CF, P 3
Bachelor of Business Administration 3 72 75 3 25 B 3
Bachelor of Business (Accounting) 2 82+ 2 30 CF 3
Bachelor of Business (Banking and Finance) 2 82+ 2 30 CF 3
Bachelor of Business (Law) 2 82+ 2 30 CF 3
Bachelor of Business (Marketing) 2 82+ 2 30 CF 3
Bachelor of Business (Psychology) 2 82+ 2 30 CF 3
Bachelor of Commerce 1 90+ 1 33 CL 3
Bachelor of Commerce (Accounting and Finance) 1 90+ 1 33 CL 3
Bachelor of Commerce Scholars Program 1 98+ 1 41 CL 3
Bachelor of Economics 1 90+ 1 33 CL 3
Bachelor of Economics Advanced with Honours 1 98+ 1 41 CL 4
Double degrees
Bachelor of Arts/Bachelor of Business 2 85 90 2 31 CF 4
Bachelor of Arts/Bachelor of Business (Accounting) 2 85 90 2 31 CF 4
Bachelor of Arts/
Bachelor of Business (Banking and Finance)
2 85 90 2 31 CF 4
Bachelor of Arts/Bachelor of Business (Marketing) 2 85 90 2 31 CF 4
Bachelor of Arts/ Bachelor of Commerce 1 92 95 1 34 CL 4
Bachelor of Arts Scholars Program/
Bachelor of Commerce Scholars Program
1 94 1 38 CL 4
Bachelor of Arts/Bachelor of Economics 1 92 95 1 35 CL 4
Bachelor of Arts (Global)/Bachelor of Commerce 1 92 95 1 35 CL 4
Bachelor of Biomedical Science/
Bachelor of Commerce
9 92 95 4 35 CL 4
Bachelor of Business/Bachelor of Visual Arts 4 85 90 5 31 CF 4
Bachelor of Business (Accounting)/
Bachelor of Business (Banking and Finance)
2 85 90 2 31 CF 4
Bachelor of Business (Accounting)/
Bachelor of Business (Management)
2 85 90 2 31 CF 4
Bachelor of Business (Management)/
Bachelor of Business (Marketing
2 85 90 2 31 CF 4
Bachelor of Commerce/
Bachelor of Aerospace Engineering (Honours)
5 93 95 8 35 CL 5
Bachelor of Commerce/
Bachelor of Business Information Systems
1 92 95 1 34 CL 4
Bachelor of Commerce/Bachelor of Economics 1 92 1 34 CL 4
Bachelor of Commerce Scholars Program/
Bachelor of Economics
1 98 1 40 CL 4
Bachelor of Commerce/
Bachelor of Education (Secondary)
1 90+ 1 33 CL 4
Bachelor of Commerce/
Bachelor of Engineering (Honours)
5 93 95 8 35 CL 5-5.5
12
Course list and entry requirements
Course VCE prerequisite
requirements
Typical ATAR
(score to be used
as a guide only)
IB prerequisite
requirement
Typical IB score
(score to be used
as a guide only)
Campus Length
of course
(years)
Bachelor of Commerce/Bachelor of Laws 8 98 1 40 CL 5.5
Bachelor of Commerce/Bachelor of Science 1 92 95 1 33 CL 4
Bachelor of Environmental Engineering (Honours)/
Bachelor of Commerce
5 93+ 8 35 CL 5
Bachelor of Health Science/Bachelor of Business 2 92 95 2 31 CF 4
Bachelor of Journalism/Bachelor of Business 2 92 95 2 31 CF 4
Bachelor of Journalism/Bachelor of Commerce 1 92 95 1 35 CF, CL 4
Bachelor of Music/Bachelor of Commerce 7 92 95 9 35 CL 4
Bachelor of Pharmacy/Bachelor of Commerce 6 92 95 10 35 PV, CL 6
Undergraduate diplomas Pathway courses
Diploma of Tertiary Studies 2 Applicants
ranked on
ATAR and
the Monash
University
Supplementary
form
2 N/A B, P 1
The inclusion of SEAS and subject bonuses may result in applicants with
an ATAR below the published ATAR score gaining course admission.
VCE Prerequisite Requirements
1. Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in
any other English, and a study score of at least 25 in mathematical
methods (CAS) or specialist mathematics.
2. Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any
other English, and a study score of at least 25 in mathematics (any).
3. Units 1 and 2 two units (any study combination) of general
mathematics or mathematical methods (CAS) or Units 3 and 4
mathematics (any). Units 3 and 4 a study score of at least 30 in
English (ESL) or 25 in any other English.
4. Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in
any other English, and a study score of at least 25 in mathematics (any)
and a study score of at least 30 in art or studio arts.
5. Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in
any other English, and a study score of at least 25 in mathematical
methods (CAS), and a study score of at least 25 in physics or
chemistry.
6. Units 3 and 4 a study score of at least 35 in English (ESL) or 30 in
any other English, and a study score of at least 30 in chemistry and
mathematical methods (CAS).
7. Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any
other English, and a study score of at least 25 in one of mathematical
methods (either) or specialist mathematics. Plus audition, interview and
information for performance audition/composition submission form.
8. Units 3 and 4 a study score of at least 35 in English (ESL) or 30 in
any other English, and a study score of at least 25 in mathematical
methods (CAS) or specialist mathematics.
9. Units 3 and 4 a study score of at least 35 in English (ESL) or 30
in any other English, and a study score of at least 25 in mathematical
methods (CAS) or specialist mathematics and a study score 25
in chemistry.
IB Prerequisite Requirements
1. A score of at least 4 in English SL or 3 in English HL or 5 in English B
SL or 4 in English B HL, and a score of at least 4 in mathematics SL or
3 in mathematics HL or 4 in further mathematics SL.
2. A score of at least 4 in English SL or 3 in English HL or 5 in English B
SL or 4 in English B HL, and a score of at least 4 in mathematics SL, or
in further mathematics SL, or in mathematical studies SL; or a score of
at least 3 in mathematics HL.
3. A score of at least 4 in English SL or 3 in English HL or 5 in
English B SL or 4 in English B HL, and a score of at least 3 in any
mathematics subject.
4. A score of at least 5 in English SL or 4 in English HL or 5 in English
B SL or 4 in English B HL, and a score of at least 4 in mathematics
SL or 3 in mathematics HL or 4 in further mathematics SL and 4 for
Chemistry SL and 3 for Chemistry HL.
5. A score of at least 4 in English SL or 3 in English HL or 5 in English B
SL or 4 in English B HL, and a score of at least 4 in mathematics SL,
or in further mathematics SL, or in mathematical studies SL; or a score
of at least 3 in mathematics HL and a score of at least 5 in Visual Arts
SL or 4 in Visual Arts HL.
7. A score of at least 5 in English SL or 4 in English HL or 5 in English
B SL or 4 in English B HL, and a score of at least 4 in mathematics
SL or 3 in mathematics HL or 4 in further mathematics SL and 4 for
Chemistry SL and 3 for Chemistry HL and a score of at least 4 in
physics SL or 2 in physics HL.
8. A score of at least 5 in English SL or 4 in English HL or 5 in English
B SL or 4 in English B HL, and a score of at least 4 in mathematics
SL or 3 in mathematics HL or 4 in further mathematics SL and 4
for Chemistry SL and 3 for Chemistry HL or a score of at least 4 in
physics SL or 2 in physics HL.
9. A score of at least 4 in English SL or 3 in English HL or 5 in English B
SL or 4 in English B HL, and a score of at least 4 in mathematics SL
or 3 in mathematics HL or 4 in further mathematics SL. Plus audition,
interview and information for performance audition/composition
submission form.
10. A score of at least 5 in English SL or 4 in English HL or 5 in English
B SL or 4 in English B HL, and a score of at least 5 in mathematics
SL or 4 in mathematics HL or 5 in further mathematics SL and 5 for
Chemistry SL and 4 for Chemistry HL.
12
This course may be completed in 4 or 5 years by taking an extra unit in
one or two semesters.
More
information
How to apply
Australians, New Zealanders
and permanent residents
of Australia
Apply through VTAC: vtac.edu.au
For mid-year entry, apply directly to Monash:
monash.edu/coursefinder
Scholarships: monash.edu/study/scholarships
Fees
Commonwealth Supported Places reduced course fees for
eligible applicants, and HECS-HELP: monash.edu/enrolments/
loans/commonwealth-supported-place.html
FEE-HELP Loan options for eligible applicants:
monash.edu/enrolments/loans/domestic-full-fee.html
International
students
Go to: monash.edu/study/international
Apply directly to Monash Universitys International Recruitment
Services: monash.edu/study/international/apply/undergraduate
Fees
Fees for each course can be found at: monash.edu/coursefinder
Stay in touch
For a comprehensive list of our courses,
entry requirements, pathways and
admissions information, please go to:
monash.edu/coursefinder
You can also
Visit our website
monash.edu/business-economics/undergraduate
Contact our student services team
Local students 1800 MONASH (666 274) or
future@monash.edu
International students Australia freecall tel: 1800 181 838
Tel: +61 3 9903 4788
(outside Australia)
Or submit an online enquiry
register.monash.edu/enquiry
Or, come and see us
Open Day
Open Day gives you the chance to talk to academic staff,
meet students and tour the faculty and campus.
Date Berwick and Peninsula campuses:
Saturday, 2 August 2014
Clayton and Caulfield campuses:
Sunday, 3 August 2014
Time 10.00am 4.00pm
For more information, go to: monash.edu/openday
Business, Economics,
Commerce and Accounting
Undergraduate Courses 2015
Monash online
monash.edu/business-economics/undergraduate
Course finder
monash.edu/coursefinder
International students
monash.edu/study/international
Scholarships
monash.edu/scholarships
Off-campus learning
monash.edu/offcampus
Monash on YouTube
youtube.com/monashunivideo
The information in this brochure was correct
at the time of publication (March 2014).
Monash University reserves the right to
alter this information should the need arise.
You should always check with the relevant
Faculty office when considering a course.
CRICOS provider: Monash University 00008C
Monash College 01857J
The
possibilities
Bachelor of Accounting
Bachelor of Business
Bachelor of Business (Accounting)
Bachelor of Business
(Banking and Finance)
Bachelor of Business (Law)
Bachelor of Business (Marketing)
Bachelor of Business (Psychology)
Bachelor of Business Administration
Bachelor of Commerce
Bachelor of Commerce
(Accounting and Finance)
Bachelor of Commerce
Scholars Program
Bachelor of Economics
Bachelor of Economics
Advanced with Honours