Monash University
Master of Business
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 24 months
- Course Type: Master's
Get equipped with the innovative thinking and industry expertise to advance your career—while making a more positive impact on the business world.
Course overview
This course provides an innovative and industry-focused graduate program emphasising professional development, business practice and social responsibility. It will suit a wide range of prospective students, primarily candidates without prior studies in traditional business skills.
You can complete general studies in business in this course, enabling you to tailor your unit choices to suit your interests or needs and providing an opportunity to explore a wide variety of business disciplines or focus unit selection on a specific area of interest. The course also offers the option of completing a specialisation in the following vital areas of business practice - business economics, contemporary management, economics and health, entrepreneurship; financial and risk management, international business, marketing, project management, responsible business governance, strategic communications management and supply chain management.
You can expect to graduate from this program with a distinctive set of professional and technical skills that will enable you to assist businesses in succeeding in complex and dynamic environments while simultaneously confronting the increasing social constraints ahead.
Key facts
What you will study
To complete the Master of Business, you must fulfil 16 units (96 credit points). It consists of Part A. Advance Preparatory, 4 units (24 credit points), Part B. Mastery Knowledge, 8 units (48 credit points) and Part C. Application Studies, 4 units (24 credit points).
Complete four units (24 credit points) from the following:
Only one economics unit may be completed in Economics and Managerial Economics.
Complete Business statistics if you are completing the Financial and Risk Management specialisation
- Accounting for Business (six credit points)
- Business and Company Law (six& credit points)
- Managerial Economics (six credit points)
- Economics (six credit points)
- Business Statistics (six credit points)
- Contemporary Management Principles and Practices (six credit points)
- Marketing Management: Theory and Practice (six credit points)
Entry requirements
Entry level 1: 96 points to complete
Duration: Two years full-time, four years part-time
- An Australian bachelor degree or an equivalent qualification, or an approved pathway and achieved at least a credit (60%) average, or an equivalent GPA.
Entry level 2: 72 points to complete
Duration: 1.5 years full-time, three years part-time
Applicants must have one of the following:
- An Australian bachelor's degree (or equivalent) in a cognate discipline with at least a credit (60%) average or equivalent qualification and experience approved by the faculty.
- A four-year Australian bachelor honours degree (or equivalent) with at least a credit (60%) average or equivalent qualification and experience approved by the faculty.
- Successful completion of a Monash University Graduate Certificate of Business
Entry level 3: 48 points to complete
Duration: One year full-time, two years part-time
Applicants must have one of the following:
- An Australian bachelor's degree (or equivalent) and an Australian graduate certificate (or equivalent) in a cognate discipline with at least a credit (60%) average in both qualifications or equivalent qualification and experience approved by the faculty.
- An Australian bachelor's honours degree (or equivalent) in a cognate discipline with at least a credit (60%) average or equivalent qualification and experience approved by the faculty.
English language requirements
For entry to Monash University, you must meet the minimum English language requirements. You can do this by completing one of the qualifications listed on their website.
If you've completed several measures of English proficiency over a period of time, the highest valid measure will be accepted as long as it's been taken within the required time limitations.
University entrance requirements
Minimum entrance requirements apply for admission to Monash University Australia.
Recognition of Prior Learning
You may be able to get credit for your course based on prior formal, non-formal or informal learning. To apply, you will need to provide supporting documentation outlined by the university. Contact the university for more information.
Outcomes
Learning outcomes
- Be critical and creative scholars who:
- Produce innovative solutions to problems.
- Apply research skills to business challenges.
- Communicate effectively and perceptively.
- Be responsible and effective global citizens who:
- Engage in an internationalised world.
- Exhibit cross-cultural competence.
- Demonstrate ethical values.
- Demonstrate work-ready skills, broad knowledge and technical skills that underpin discipline-based solutions appropriate to the business, professional, and public policy communities.
- Produce innovative and multi-disciplinary solutions to address complex challenges faced by organisations operating in increasingly dynamic and globally diverse contexts.
Fees and FEE-HELP
Average 2025 first-year fee: $37,100 (domestic full-fee paying place)
All costs are calculated using current rates and are based on a study load of 24 credit points (normally four units) per semester or 48 credit points (normally eight units) per year.
A student’s annual fee may vary in accordance with:
- The number of units studied per term.
- The choice of major or specialisation.
- Choice of units.
- Credit from previous study or work experience.
- Eligibility for government-funded loans.
Student fees shown are subject to change. Contact the university directly to confirm.
FEE-HELP loans are available to assist eligible full-fee paying domestic students with the cost of a university course.