New courses and developments in Commerce, Business and Economics

1
New courses and developments in Commerce,
Business and Economics

• Professor Robert Brooks, Deputy Dean, Education  

2
Agenda

• New opportunities from 2013
• New majors/areas of study
• Internships opportunities
• Subject bonus

3
Bachelor of Commerce (Deans 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 Deans 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

4
Bachelor of Arts (Deans Scholars Program) and
Bachelor of Commerce (Deans 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 Deans 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

5
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
6
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

7
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
• 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

FinancialAdvisor?
8
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

9
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
10
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

11
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 students 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

12
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

13
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 cant change your major part way through the
  course
• You can study non-business subjects
• Normally takes 3 years to complete the degree

14
Summary
Internships, study tours,global study options
Flexibility
Accreditation
Reputation
Wide range of majors
Innovative learning

International
15

• Questions?