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Bachelor of Business – Economics major
Melbourne
INTAKE: Feb, Jul & Oct
Program Overview
The Bachelor of Business with a major in Economics at RMIT University offers students a comprehensive understanding of economic theories, principles, and applications within the context of business and global economies. This program integrates core business subjects with specialized courses in economics, equipping students with analytical skills and strategic insights essential for careers in economics, finance, policy analysis, and business consulting.
Curriculum: The curriculum of the Bachelor of Business – Economics major covers foundational business disciplines such as accounting, management, marketing, and finance, complemented by specialized courses in microeconomics, macroeconomics, econometrics, and economic policy. Students engage in case studies, simulations, and research projects that apply economic theories to real-world business scenarios, preparing them to analyze economic trends, forecast market behavior, and make informed business decisions.
Research Focus: RMIT University emphasizes research within the Bachelor of Business – Economics major, encouraging students to explore economic theories and conduct empirical research that contributes to the understanding of economic phenomena. Through research-oriented courses and opportunities to collaborate with faculty on research projects, students develop critical thinking skills, quantitative analysis techniques, and the ability to communicate complex economic concepts effectively.
Industry Engagement: The Bachelor of Business – Economics program at RMIT fosters strong industry connections through partnerships with business organizations, government agencies, and international institutions. Students have opportunities to participate in industry placements, internships, and collaborative projects that provide practical insights into economic analysis, policy development, and strategic decision-making in diverse sectors such as finance, trade, and development.
Global Perspective: With a commitment to providing a global perspective, RMIT integrates international experiences into the Bachelor of Business – Economics major. Students can participate in study abroad programs, international conferences, or global economic simulations that expose them to diverse economic systems, policy challenges, and global economic trends. These experiences prepare graduates to work in multinational corporations, global financial markets, and international organizations, contributing to global economic development and sustainability.
Location
Melbourne
Score
IELTS 6.5
Tuition Fee
AUD 40320
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
- TOEFL: Overall score of 79 with a minimum of 12 in each section.
- PTE (Pearson Test of English): Overall score of 58 with a minimum of 50 in each section.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.
RMIT University offers a range of scholarships to international students to support their educational journey. These scholarships are designed to recognize academic excellence, leadership potential, and contributions to the community.
Vice-Chancellor's International Scholarship: This prestigious scholarship is awarded to high-achieving international students and covers a percentage of their tuition fees.
Destination Australia Scholarship: This scholarship is for students studying in regional Australia, including some RMIT campuses, and provides financial support to eligible international students.
Science Engineering Health Scholarship: Specifically for students enrolling in science, engineering, or health programs, this scholarship is awarded to those who demonstrate academic merit.
Cultural Visions Scholarship: This scholarship is designed to support students from diverse cultural backgrounds and aims to foster inclusivity and diversity within the university community.
Sports Scholarship: RMIT also offers scholarships to outstanding athletes, supporting them in balancing their sports commitments with their academic pursuits.
Graduating with a Bachelor of Business – Economics major from RMIT University opens up diverse career opportunities in economics, finance, policy analysis, and business consulting. This program equips students with analytical skills, economic principles, and practical knowledge essential for navigating various sectors in the global economy.
Economic Analysis and Forecasting: Many graduates pursue careers as economic analysts, working for financial institutions, government agencies, or research firms. They analyze economic data, forecast trends, and provide insights that inform business decisions, investment strategies, and economic policy formulation.
Financial Services and Banking: Graduates may work in financial services and banking, applying their knowledge of economics to roles such as financial analysts, investment bankers, or financial consultants. They assess market conditions, manage portfolios, and advise clients on financial investments and risk management strategies.
Policy Analysis and Development: In the public sector, graduates contribute to policy analysis and development as economic policy advisors, government economists, or policy analysts. They evaluate the economic impact of policies, propose reforms, and provide recommendations to government agencies or non-profit organizations.
Business Consulting and Strategy: With a strong foundation in economics and business principles, graduates can pursue careers in business consulting or strategic planning. They advise companies on market dynamics, competitive positioning, and growth strategies, helping organizations optimize operations and achieve sustainable business outcomes.
International Trade and Development: Some graduates specialize in international trade and development, working for multinational corporations, trade associations, or international organizations such as the World Bank or the United Nations. They analyze global trade patterns, assess economic development strategies, and promote trade policies that enhance global economic integration and sustainability.
Data Analysis and Econometrics: With skills in econometrics and data analysis, graduates work as data scientists, econometricians, or research analysts. They use statistical techniques to analyze economic data, model relationships, and derive insights that support decision-making in industries such as marketing, healthcare, and social sciences.
Entrepreneurship and Startups: Graduates with an entrepreneurial spirit may choose to start their own businesses or join startups, applying economic principles to innovate products, services, or business models. They leverage economic analysis to identify market opportunities, assess risks, and develop strategies for business growth and sustainability.
Professional Development and Networking: Throughout their studies at RMIT, students have opportunities to engage with industry professionals, participate in internships, and collaborate on industry-sponsored projects. These experiences not only enhance their analytical and communication skills but also expand their professional networks, providing them with a competitive edge in the job market.
