Business and Economics
New courses and developments in
Commerce, Business and
Economics
Professor Robert Brooks, Deputy Dean, Education
Agenda

New opportunities from 2013

New majors/areas of study

Internships opportunities

Subject bonus
2nd May 2012
2
Bachelor of Commerce (Dean’s Scholars Program)
and Bachelor of Economics
 Designed for high achieving students who prefer double degree option



4-year course available at Clayton campus to domestic students
Students receive $6000 scholarship per annum, access to a Dean’s
scholars room, a mentor appointed by the Dean and seminars and guest
speakers
Competitive and limited places, expected ATAR 98 is needed to be
considered
3
Bachelor of Arts (Dean’s Scholars Program) and
Bachelor of Commerce (Dean’s Scholars Program)
 Designed for high achieving students who prefer double degree option





4-year course available at Clayton campus to domestic students
Students receive $6000 scholarship per annum, access to Dean’s scholars
rooms, and mentoring from very senior Arts and Commerce academics
a range of guest speakers covering contemporary topics such as terrorism
and politics
The program conducts career workshops, seminars, conferences and
provides information on public events
Competitive and limited places
4
Bachelor of Economics Advanced with Honours
 Very strong employment possibilities

Unique program in Melbourne - 4-year course available at Clayton
campus to domestic students

Includes two structured industry based learning periods jointly supervised
by Monash academics and industry representatives

Expect most graduates to be employed by industry placement provider.
Employers more likely to employ Honours graduates – some require it

Starting salaries are also generally higher and better placed to advance
career once employed

Scholarship for each 12-week industry placement

Major in actuarial studies, economics, econometrics and business
statistics, or financial and insurance mathematics. Option for a second
major. Honours in Economics, Econometrics, or Economics and
Econometrics

Selection based on ATAR and interview, expected ATAR 98
Innovative
learning
2nd May 2012
5
Bachelor of Accounting
 An elite accounting course in Victoria in terms of employment prospects
which combines on-campus learning with two industry-based learning
placements
 100% of graduates are employed directly from this course (most before they
graduate)
 Most graduates are employed by one of the Big 4 accounting firms –
excellent future career opportunities
 Industry placement – a total of 6 months industry-based learning. One of the
placements is typically at a Big-4 accounting firm
 $16,000 industry-funded scholarship
 Limited places, selection based on ATAR and interview
6
New Majors/Areas of Study
 Financial and insurance mathematics Experts in this area apply mathematical and
statistical techniques to understand financial
markets. Like actuaries they determine the likelihood of specific
outcomes and develop strategies
Financial
Advisor?
 Management and marketing –
Management is the process by which organisational goals are attained
by integrating human activity through planning, organising, controlling
and leading. Marketing is the activity, set of institutions and processes
for creating, communicating, delivering and exchanging offerings that
have value for customers, clients, partners, and society at large. This
major integrates the body of knowledge in these two areas for future
business decision makers
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Areas of study
 Bachelor of Business - can choose a second major (or units) from other
campuses* (eg. Accounting at Caulfield and International Business at
Berwick)
 Can study a language as part of degree* either as a second major in
most degrees or complete a Diploma of Languages at the same time as
your degree
* Timetable and capacity permitting
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Internships
IBM Future Leaders
Partnership with IBM has been strengthened
Includes a Business major and an Information Technology minor
Specialised program of co-curricular and extra-curricular activities
22-week industry-based learning project with IBM
$36,000 scholarship
Internships,
study tours,
global study
options
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Internships
 Berwick: Opportunity to complete a business internship in third year
 Peninsula: Includes a work placement/project unit that is aligned with
a discipline major and undertaken under academic supervision
 Marketing internship (all campuses): first-hand experience of working
in an industry in which they would like to be employed on graduation.
Opportunity to complete internship in third year
 Caulfield/Clayton : Elective internships of 6, 8 or 12 credit points.
Placements in 2011 incl. IBM, NAB, BlueScope Steel, Oxfam, Sass
and Bide, Mimco, Pentair, Try, and many more
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Subject bonus
 Students may be eligible for bonus points if they have done
particularly well in a Year 12 subject relevant to the course that they
are applying for.
•
For Bachelor of Business a student can get up to a maximum of 8
bonus points towards the aggregate ATAR score. Depending on
the student’s study score, he or she could be eligible for 2 bonus
points for each of Accounting, Business Management, Economics,
Geography, Health and Development, Psychology and 6 bonus
points for Year 12 mathematics, up to the 8 maximum
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Bachelor of Commerce vs. Bachelor of Business
Both offer:
Wide range of majors; flexible program
Industry placement and overseas study options
To choose between them:
Some Bachelor of Commerce units include a higher level of
mathematical application (eg. in economics, econometrics and finance)
Bachelor of Commerce units tend to offer a more analytical approach;
Bachelor of Business units focus on an applications approach
Mathematics prerequisite
New courses 2013
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Difference between the Bachelor of Business and a
tagged degree?
 Bachelor of Business
• Flexibility to choose most of your
units
• Choice to decide on your major at
the end of first year of studies
• You can change your major part
way through the course
(prerequisites permitting)
• You can study non-business
subjects
• Normally takes 3 years to
complete the degree

Bachelor of Business (tagged)
•
•
•
•
•
•
You can only choose some of
your units
Tagged degrees are great if you
are sure about your major
Your course name includes your
major
You can’t change your major part
way through the course
You can study non-business
subjects
Normally takes 3 years to
complete the degree
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Summary
Flexibility
Internships,
study tours,
global study
options
Reputation
Accreditation
Wide range
of majors
Innovative
learning
International
14
Questions?
New courses 2013
2nd May 2012
15