The Master of International Business advances your business knowledge and gives you the skills to operate with an international perspective. The course is designed for recent graduates, and also provides an accelerated path for those with relevant work experience. The Master of International Business will build upon your undergraduate credentials and further strengthen your business skills. You will develop advanced and vital skills in analysis, problem solving, research and communication that can be applied in a variety of organisational settings. These skills will be demonstrated in a better understanding of the international world, exhibiting cross-cultural competence and ethical values. The inter-disciplinary nature of international business means that you will be engaged in studying international management, law, accounting, economics, marketing and strategy, which all help in developing your strategic and operational knowledge and skills, particularly relevant in understanding the complexity of the contemporary international environment. The Master of International Business can also provide a research pathway for students interested in higher degrees by research. The course will prepare you with a comprehensive understanding of international business enabling you to provide discipline-based solutions across a variety of roles in the corporate, governmental and non-profit sectors.
Postgraduate - Course
This course entry applies to students commencing this course in 2019 and should be read in conjunction with information provided in the 'Faculty information' section of this Handbook by the Faculty of Business and Economics.
Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.
Admission and fees
Course progression map
Master by coursework
2 years FT, 4 years PT
This course normally takes 2 years full-time to complete but if you have relevant entry qualifications you may receive credit and be able to complete the course in 1.5 years or 1 year full-time, or part-time equivalent.
You have a maximum of 6 years to complete this course including any periods of intermission and suspension, and must be continuously enrolled throughout.
Mode and location
Master of International Business
These course outcomes are aligned the Australian Qualifications Framework level 9 and Monash Graduate AttributesAustralian Qualifications Framework level 9 and Monash Graduate Attributes (http://monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).
Upon successful completion of this course it is expected that you will:
- 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 a comprehensive understanding of the principal themes in international business by integrating and applying them in the practical environment in which business operates
- be able to demonstrate knowledge of a range of world views as they apply to our understanding of social responsibility, sustainability and strategic decision making
- understand and critically appraise the broad range of firms and organisations engaged in international business
- acquire the necessary reflective and analytical skills to be able to engage in life-long learning.
The course is structured in three parts: Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies. You must complete Part B. Depending upon prior qualifications, you may receive credit for Part A or Part C or a combination of the two.
Part A. Advanced preparatory
These units provide you with a solid foundation of knowledge and skills across core business disciplines and a valuable contextual basis for further business study.
Part B. Mastery knowledge
These units will develop your capacity as a critical and creative professional who is able to apply their knowledge of international business, in different organisational contexts and settings.
Part C. Application studies
The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development in international business and related areas.
The course comprises 96 points structured into three parts: Part A. Advanced preparatory studies (24 points), Part B. Mastery knowledge (48 points) and Part C. Application studies (24 points).
- If you are admitted at entry level 1 you complete 96 points, comprising Part A, Part B and Part C.
- If you are admitted at entry level 2 you complete 72 points, comprising Part B and Part C.
- If you are admitted at entry level 3 you complete 48 points, comprising Part B.
Note: If you are eligible for credit for prior studies you may elect not to receive the credit and complete one of the higher credit-point options.
The course progression mapcourse progression map (http://www.monash.edu.au/pubs/2019handbooks/maps/map-b6007.pdf) provides guidance on unit enrolment for each semester of study.
Units are 6 credit points unless otherwise stated.
Part A. Advanced preparatory studies (24 points)
You must complete the following:
- Accounting for business
- Business statistics
- Marketing and the international consumer
Part B. Mastery knowledge (48 points)
You must complete the following units:
- Accounting and finance for international managers
- International trade law
- Ethics and global corporate governance
- Data analytics for business
- International business strategy
- International management
- International business theory and practice
- International marketing
Part C: Application studies (24 points)
You can complete either a) or b).
a) Four units (24 points) at either level 4 or 5 from the Faculty of Business and Economics or electives from the School of Arts and Humanities or School of Information Technology (up to a maximum of 12 points).
You may wish to undertake:
- Current issues in international finance
- International issues in international finance
- International economics
- Asian business system
- Global supply chain management
- International study program in international business
- Applied business project (12 points)
- Innovation and entrepreneurship
Units can be identified using the browse unitsbrowse units (http://www.monash.edu.au/pubs/handbooks/units/search) tool and indexes of unitsindexes of units (http://www.monash.edu.au/pubs/handbooks/units/) in the current edition of the Handbook. The level of the unit is indicated by the first number in the unit code. You may need permission from the owning faculty to enrol in some units taught by other faculties.
b) Three research pathway units (24 points):
- Introductory management research methods
- Research report (introduction)
- Research report (12 points)
Note: If you are intending to enrol in the research report you require permission. You must have completed a minimum of 24 points of coursework study and achieved a minimum average of 70%, to progress to the research report. You should discuss this option with the Course Director prior to enrolling.
Progression to further studies
You can choose to complete the research pathway option in Part C (24 points) that will provide a pathway to a higher degree by research.