Master of Business Administration

Entry Requirements for International Students: To be eligible for the Master of Applied Economics program at Monash University, Caulfield, international students must meet the following entry requirements:

1. Academic Qualifications: Applicants should have completed an undergraduate degree or equivalent with a minimum overall academic performance of 65% or above. The degree should be in a related field such as economics, finance, or commerce.

2. English Language Proficiency: International students whose first language is not English are required to demonstrate their English proficiency by achieving a minimum overall score of 6.5 in the International English Language Testing System (IELTS) or equivalent. Other accepted English language tests include TOEFL, PTE Academic, and CAE.

Application Fees: $100 AUD.

Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.

Some of the scholarships offered by Monash University include:

1. Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.

2. Monash Graduate Scholarship: This scholarship is available to high-achieving domestic and international students who are undertaking a graduate research degree at Monash University. The scholarship provides a living allowance of $29,500 per annum, as well as a range of other benefits.

3. Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.

4. Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.

5. Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.

The Master of Business program at Monash University, Melbourne opens up a wide range of career opportunities for graduates. The program equips students with the knowledge, skills, and practical experience necessary to excel in various business roles and industries.

1. Business Management and Leadership: Graduates of the Master of Business program often pursue careers in business management and leadership roles. They may work as business consultants, project managers, or department managers, overseeing operations, implementing strategic initiatives, and leading teams. Graduates with strong leadership skills and a deep understanding of business functions are highly sought after by organizations across industries.

2. Marketing and Brand Management: The program prepares students for careers in marketing and brand management. Graduates may work in marketing departments, advertising agencies, or market research firms, developing marketing strategies, conducting market analysis, managing brand identity, and implementing marketing campaigns. They have the skills to understand consumer behavior, identify market trends, and create effective marketing plans.

3. Financial Analysis and Consulting: Master of Business graduates with a specialization in finance or accounting can pursue careers in financial analysis and consulting. They may work for financial institutions, investment firms, or consulting companies, analyzing financial data, conducting market research, and providing strategic financial advice to clients. They have the expertise to evaluate investment opportunities, assess risk, and optimize financial performance.

4. Entrepreneurship and Innovation: The program fosters an entrepreneurial mindset and equips students with the skills to start their own businesses or work in innovative startups. Graduates may become entrepreneurs, launching their ventures, or join startup incubators and accelerators. They have the knowledge to identify market gaps, develop business plans, secure funding, and navigate the challenges of building and scaling a business.

5. International Business and Global Management: Given the program's global perspective, graduates are well-prepared for careers in international business and global management. They may work for multinational corporations, international organizations, or government agencies, managing international operations, expanding into new markets, and ensuring compliance with international regulations. Graduates with cross-cultural understanding and business acumen are in high demand in today's globalized economy.

6. Consulting and Advisory Services: Master of Business graduates may choose to work as consultants or advisors, providing strategic guidance and expertise to organizations. They may specialize in areas such as strategy, operations, human resources, or sustainability, helping businesses optimize their performance, improve efficiency, and drive growth. Graduates with strong problem-solving skills and the ability to analyze complex business challenges are valued by consulting firms.

7. Corporate Social Responsibility and Sustainability: With the increasing focus on sustainability and corporate social responsibility, graduates with a specialization in this area can pursue careers as sustainability managers, CSR consultants, or environmental analysts. They help organizations integrate sustainable practices, develop ethical frameworks, and ensure compliance with environmental regulations.

8. Business Analytics and Data-driven Decision Making: Graduates with a strong background in business analytics and data-driven decision making can pursue careers as data analysts, business intelligence specialists, or data scientists. They help organizations leverage data to gain insights, make informed decisions, and drive business growth. Graduates with strong analytical and problem-solving skills are highly sought after in today's data-driven business landscape.

The program's comprehensive curriculum, practical learning experiences, and industry connections prepare graduates for success in a wide range of business roles and industries. Graduates possess the skills, knowledge, and adaptability required to thrive in a rapidly changing business environment.