An Undergraduate Business Magazine - For Aspiring Business Leaders

HANDLE WITH CARE: MONASH UNIVERSITY TAKES NO RESPONSIBILITY FOR THE POTENTIALLY LIFE-CHANGING OUTCOMES OF OPENING THIS DOCUMENT.
Are you ready to change your life? Lets get started.

The business world is an ever-evolving place, lled with opportunity. No matter what your interests are, there is a place and a career for you in business; you just need to take that rst step. And the best way to launch your career is with a solid business education from Monash University. At Monash, we can help you start on your journey to success with a range of courses that give you the tools you need to forge your own path. We oer exible courses that put the choice in your hands, and the most amazing breadth of business subjects with everything from Accounting to Marketing to Finance or Econometrics, and so much more. This magazine is designed to give you a taste of business and commerce at Monash and introduce you to elds and industries you might never have heard of. Your dream career could be waiting for you in the pages of this magazine.
Visit our website monash.edu/business-economics/undergraduate for more information about our courses and majors, and to download a copy of our 2015 undergraduate course guide.
KEY
PUBLISHER Faculty of Business and Economics Monash University PO Box 197 Cauleld East Victoria, 3145, Australia Telephone: (613) 9903 1400 www.monash.edu/business-economics ART DIRECTION Design By Pidgeon FUTURE STUDENT ENQUIRIES Local students Telephone: (03) 9903 4788 Email: future@monash.edu.au www.monash.edu.au/study International students International Recruitment Services Monash University 871 Dandenong Road Cauleld East Victoria, 3145, Australia Telephone: (613) 9903 4788 Email: study@monash.edu www.monash.edu/study/international FOLLOW US facebook.com/Monash.University twitter.com/MonashUni youtube.com/MonashUniBuseco 2014 Faculty of Business and Economics, Monash University
No part of this publication may be reproduced in any manner without prior written permission from the publisher. Course information, including ATAR information is indicative only. Monash University reserves the right to alter information, procedures, fees and regulations contained in this document. Please check Monash University website for updates (www.monash.edu.au). All information reects the prescriptions, policy and practice in force at time of publication. Published February 2014.
CONTENTS:
4
18
44
In economic terms
Human resources
Learn all about the fascinating eld of economics and where it can take you
Your guide to launching a career in HR
Who needs business skills?
Find out which industries need graduates with business and commerce skills
26
The power of an internship
48
Our students talk about their internship experiences
6 So you want
28
a career in?
Where in the world? Our students study all over the world as part of the Monash Abroad program. Find out where you can go
Want to work in entertainment, fashion or sports? You can with a business or commerce degree as many of our graduates have found
Anatomy of a 10
commerce student
Every university experience is dierent. Read about some of the choices our Bachelor of Commerce students have made to personalise their experience
What is actuarial studies?

Find out more about the growing eld of actuarial studies and how you can turn your passion for maths into a career
We decipher the truth about university life
52
Fact or ction?
12 Lets talk about
exibility and choice
34
Climbing the corporate ladder
Tips to get you through your nal year of high school
54
Year 12 survival
Our students talk about why they chose to study at Monash
Four of our experienced graduates share their CVs and where their careers have taken them
Figure out all the university terms before you step foot on campus with this helpful glossary
56 Busting the jargon
14
38
58
Its not just a numbers game
Find out why a degree in accounting is about more than just numbers
ve never heard I of that major
Find out more about a career in business law or econometrics and business statistics
Faculty of Business and Economics course information
Read about some of the quirky career paths on oer for accounting, banking and nance graduates
16
Quirky careers
40
When 1 plus 1 doesnt equal 2
Find out everything you need to know about studying business or commerce at Monash, including course information, entry requirements and more
Read about our fantastic double degree program and learn more about studying a double degree at Monash
CAREERS
How many of these industries need people with business skills?
MONA S H U N IVE RSITY
CA R EERS
Answer: 100 per cent. All industries need people with business skills. Business and commerce graduates work across all elds from medicine, engineering and law to government, education, science, the arts and everything in between. People with business skills are essential to direct, shape and manage every industry across the world.
FAC ULT Y O F BUS INE S S AN D E C ON OM I C S
CAREERS
PROFILE CONNECTIONS
PROFILE CONNECTIONS
ADD TO NETWORK
430
ADD TO NETWORK
176
Connect+
Connect+
ADAM FYFE
SO YOU WANT A CAREER IN SPORT?

(without picking up a football )
You dont have to be an athlete to have a career in the sports industry. Check out these Monash graduates who have forged a business career in the sporting codes they love.
Fan Development Manager, North Melbourne Football Club

Melbourne Area, Australia | Marketing and Advertising
CHRIS SIMMONDS
General Manager Finance & Administration, North Melbourne Football Club

Melbourne Area, Australia | Sports
E D U C AT I O N
E D U C AT I O N
Bachelor of Business/ Bachelor of Arts
Bachelor of Commerce
EXPERIENCE
EXPERIENCE
2012 Fan Development and Match Day Manager, North Melbourne Football Club 2010 National Campaign Coordinator, STA Travel 2008 Marketing Coordinator, Nike Australia
2008 General Manager Finance & Administration, North Melbourne Football Club 2007 Senior Accountant, Collingwood Football Club 2005 Financial Accountant, Melbourne Storm 2002 Accountant, OHM Australia
Read more stories from our graduates at monash.edu/business-economics/undergraduate

CA R EERS
PROFILE CONNECTIONS
PROFILE CONNECTIONS
PROFILE CONNECTIONS
ADD TO NETWORK
353
ADD TO NETWORK
500+
ADD TO NETWORK
161
Connect+
Connect+
Connect+
SARAH FAIR
Head of Human Resources, Australian Football League (AFL)

LUKE CHAMBERS
Football Analyst, Essendon Football Club
DIANNE ONEILL
Senior Manager Finance & Business Operations, Gymnastics Australia

E D U C AT I O N
E D U C AT I O N
E D U C AT I O N
Bachelor of Business/ Bachelor of Arts
Bachelor of Business (Management) and Bachelor of Behavioural Neuroscience
Bachelor of Economics
EXPERIENCE
EXPERIENCE
EXPERIENCE
2013 Head of Human Resources, Australian Football League (AFL) 2012 Head of Diversity & Inclusion, Australia Post 2011 Head of Culture & Employee Engagement, Australia Post 2004 Senior Organisational Development Consultant, Right Management
2013 Football Analyst, Essendon Football Club 2011 Senior Football Analyst, Melbourne Football Club 2008 Football Technology Manager, Hawthorn Football Club 2007 Recruiting Analyst, Hawthorn Football Club 2002 Account Manager, Buzz Creative 1999 Marketing Manager, CallTime Solutions
2011 Senior Manager Finance & Business Operations, Gymnastics Australia 2010 Cricket Operations Project Manager, Cricket Australia 2004 Team Operations Manager, Cricket Australia 2003 Events Coordinator, Ford Performance Racing 2001 Office Manager, Glenn Seton Racing 1995 Office Manager, Gymnastics Victoria 1992 Business Banking Officer, ANZ
CAREERS
PROFILE CONNECTIONS
PROFILE CONNECTIONS
ADD TO NETWORK
225
ADD TO NETWORK
419
Connect+
Connect+
MEL ALEXANDER
SO YOU WANT A CAREER IN FASHION AND ENTERTAINMENT?

(without stepping in front of a camera)
You dont have to be a celebrity or fashion designer to have a career in entertainment or fashion. Many of our business and commerce graduates have found successful careers behind the cameras of the entertainment industry.
Director Strategic Planning, The Walt Disney Company

Melbourne Area, Australia | Entertainment
MONIQUE SMITH
Marketing Manager Specialty Luxury Brands, LOreal Australia

Australia | Marketing and Advertising
E D U C AT I O N
E D U C AT I O N
EXPERIENCE
EXPERIENCE
2013 Director, Strategic Planning, The Walt Disney Company (Australia) 2012 Director, Retail and New Business Development, The Walt Disney Company (Australia) 2010 Director, Commercial Services, The Walt Disney Company (Australia) 2008 Commercial Marketing Manager, The Walt Disney Company (UK) 2007 Group Brand Manager, The Walt Disney Company (UK) 2004 Product Manager - Home Entertainment, The Walt Disney Company (Australia) 2002 Category Manager Social Stationery, John Sands 2000 Marketing Executive, Jacka Wortley Fabrics 1999 Field Sales Representative, Cadbury
2013 Marketing Manager Specialty Luxury Brands, LOreal Australia 2012 Group Brand Manager Garnier Skincare, LOreal Australia 2012 Sponsorship Management Garnier Group, LOreal Australia 2011 Senior Brand Manager Garnier Facial Skincare, LOreal Australia 2011 Brand Manager - Garnier Haircolour & Fructis, LOreal Australia 2006 Event Manager - LOreal Paris, Garnier, Maybelline, LOreal Australia 2005 Event Manager, 2 Fish Management 2001 Event Manager, Urban Caprice (Brands: Elle Style Awards, BBC, Fendi, Armani)
Read more stories from our graduates at monash.edu/business-economics/undergraduate

CA R EERS
PROFILE CONNECTIONS
PROFILE CONNECTIONS
PROFILE CONNECTIONS
ADD TO NETWORK
342
ADD TO NETWORK
443
ADD TO NETWORK
111
Connect+
Connect+
Connect+
EBONY FAWCETT
Global Retail Marketing, Department Manager, Forever 21

Melbourne Area, Australia | Apparel & Fashion
LETISHA DALL
Digital Communications Coordinator, Mimco

Melbourne Area, Australia | Retail
ELLY HOGARTH
Marketing Coordinator Factorie and T-Bar, Cotton On Group

Melbourne Area, Australia | Apparel & Fashion
E D U C AT I O N
E D U C AT I O N
E D U C AT I O N
Bachelor of Business and Commerce
Bachelor of Business
EXPERIENCE
EXPERIENCE
EXPERIENCE
2012 Global Retail Marketing, Department Manager, Forever 21 2012 Marketing Director, Napoleon Perdis Cosmetics 2008 Marketing Director, Australian Pharmaceutical Industries 2007 Marketing Manager Acquisitions, BSkyB 2006 Relationship Marketing Coordinator, News International 2005 Marketing Coordinator Loyalty, Australian Pharmaceutical Industries
2013 Digital Communications Coordinator, Mimco 2012 PR & Marketing Coordinator, Mimco 2010 Group PR Coordinator, Busbrand (Guess, Gap and Aldo Shoes) 2009 PR Intern, Haystac 2007 Brand Ambassador, Promotional Sampling (Coca Cola, Arnotts, Extra, Red Rock Deli, Big M)
2012 Marketing Coordinator Factorie and T-Bar, Cotton On Group 2011 Marketing Coordinator, Edge Clothing 2010 National Marketing Coordinator, Colonial First State Global Asset Management 2010 Account Executive, The PR Edge 2008 Activate (PR)/Media Buying Coordinator, Carat 2007 National Marketing Assistant, Nine West Australia
10
ANATOMY OF A COMMERCE STUDENT

KERSHERKA SIVAKUMARAN MEIZHU CHEN HUGH FARQUHAR
STUDY AT MONAS H
At Monash, were all about choice. And while students may graduate with the same degree, the path to completing their course is always unique. Your university experience is determined by the choices you make along the way. Here are just some of the choices ve Bachelor of Commerce students have made.
DAVID DE FAZIO
MICHAEL HIGGINBOTHAM
DEGREE BACHELOR OF COMMERCE MAJORS
DOUBLE DEGREE BACHELOR OF LAWS/ BACHELOR OF COMMERCE
Human resource management Marketing
Accounting
Economics
Accounting
Finance
Finance
Amici Italian Club
Sri Lankan Cultural Club
EXTRA-CURRICULAR CLUBS & SOCIETIES

12-week internship with the Faculty of Business and Economics' Marketing Unit
Monash Dance Sport Club
Sri Lankan-Indian Club
Business and Commerce Student Society (BCSS)
Australia China Youth Association
Monash Finance Association
INTERNSHIPS LEADERSHIP PROGRAMS
Summer internship program at Frontier Economics Two six-week internships at Macquarie Bank and UBS Investments
Peers Ambassadors Leaders (PAL) Leadership Program
Faculty of Business and Economics Disciplinary Panel
COMMITTEES STUDY ABROAD AFTER UNI
Faculty Education Committee Monash Overseas Exchange Committee
Six months exchange in Finland at Aalto University
Four weeks exchange at London School of Economics
STUDY AT MO NASH
Graduate position with Grant Thornton
Graduate position with Mondelez International
Honours in Economics
Honours in Commerce
Graduate position with UBS Investments
11
Want to know more about what you can do as part of your commerce degree? Then go to monash.edu/business-economics/undergraduate/courses
12
STUDENT STOR I E S
LETS TALK: FLEXIBILITY & CHOICE

STEPHANIE SHIELD Bachelor of Business (Current student) I chose to study a Bachelor of Business I joined the PAL program, the Business and Commerce Student Society (BCSS) because I was developing a growing interest in the commercial world but at the same time and the Monash Sport Social Netball club. I was very scared to lock myself in to a major. The PAL program has given me some great leadership and networking skills while The core units in rst year were a fantastic opportunity to gain a feel for some of the the opportunity to be involved with the executive committee of the BCSS has dierent areas available in the Bachelor of Business. Coming from a small country given me a greater appreciation of how town, I also wanted a university that oered much hard work, dedication and eort a diverse social environment. Campus life goes on behind the scenes to organise many of the events at Monash. at Monash is truly amazing.
I wanted a course that would provide me with a diverse range of skills. I like that the Bachelor of Commerce gives you practical job-related skills, as well as analytical and communication skills that are essential to be successful in business.
Its common to be a little unsure about what you want to do.
PRASANNA NADARAJALINGAM Bachelor of Commerce/Bachelor of Arts (Current student) For me, the best part of the Bachelor of Commerce is the exibility. I didnt want to study just one thing especially when Im interested in so many things. Choosing a double degree was an obvious choice, but I also liked that the commerce degree oered units from all areas of business and even from other faculties in the university which enabled me to have a more well-rounded understanding of business.
ANDREW RIGGIO Bachelor of Commerce (2011) Marketing Analyst, National Australia Bank Limited (NAB) I chose the Bachelor of Commerce because I felt it would give me a sound understanding of the basic principles needed to succeed in the corporate world, and it also oered a range of study options and lots of majors to choose from. This choice and exibility was important to me, because its very common to be a little unsure about what you want to do right out of high school. I was able to take my time and study dierent areas across the core units before I had to choose.
STUD E N T STOR I E S
13
I wanted to study at an institution that had a strong global reputation, and Monash oers that.
MAI-LIEN VO Bachelor of Business (Current student) I knew I wanted to study marketing and an internship with DDB a huge business when I left high school, but I also advertising agency which was wanted to have some creative subjects. a fantastic learning experience. The ability to choose some electives from I also joined the Monash Marketing Students Society (MMSS), and the Faculty of Art, Design and Architecture along with my business degree was the eventually became secretary and then reason I chose to study at Monash. I also president. Being part of the MMSS was loved the variety of marketing units on oer, a truly rewarding experience. Not only did I learn more about the marketing and I didnt nd any other university that could match Monash in this respect. For me, industry, I also made some great the best part of being a Monash student was professional and personal contacts, the number of options on oer. I applied for and some amazing friends.
DAVID DE FAZIO Bachelor of Commerce (Current student) The best part about my Monash degree is the exibility it oers. Unlike some of my fellow students who had decided on their majors from the outset, I didnt choose my major until the second year of my degree. This was fantastic, because it allowed me to trial all the core units and gure out what I enjoyed before I had to make a decision. I also liked that my study options werent restricted to the Faculty of Business and Economics that you can study electives and units from arts, education, psychology, science or any other faculty gives you many more choices and the opportunity to explore all your interests.
BONNIE JACKS Bachelor of Business (2008) Digital Sales Account Manager, Hardie Grant Media When I nished high school, I wasnt sure exactly what I wanted to do. I was interested in working in a creative eld, and even considered graphic design or furniture design, but I thought a general business degree would be a great basis for a future job. I wanted a degree that oered a lot of choices and didnt lock me into a particular area straight away. The Bachelor of Business was great this way, I waited until second year to choose my major (marketing) and then I still had a lot of choice when it came to marketing subjects and electives.
VIKNESH KUMANAN Bachelor of Business (Current student) My favourite part of the Bachelor of Business degree at Monash Universitys Peninsula campus is that its taught in problem-based learning mode. This method of learning has allowed me to approach my units in a more practical way where each new topic is treated as a problem and has given me the condence and skills to nd the solutions to those problems. This has allowed me to work with real clients and businesses, which I think makes me ready for the working world.
14
AC C O UNTING & F I NA NCE
AC C O UN TING & F INA NC E
15
ITS NOT JUST A NUMBERS GAME

Th ere are so many choices for studying accoun ting at Monash, including six to know more, ch eck out page 58. differen t degree options. If you wan t
degree in accounting is not just for accountants. The ability to understand and interpret nancial information is essential for business decision-making. Accounting is vital to the success of every business in every industry, and professionals with accounting skills are in high demand which means an accounting degree is a great basis for a range of career options.
understanding of how resources are managed in the organisation, while auditing can be a lot like detective work where nancial records need to be scrutinised to prevent mismanagement of money or fraud. Its an industry with a lot of future growth, ensuring a variety of interesting and challenging roles for graduates into the future. The Australian Government Job Outlook is predicting high growth in accounting jobs in the near future, with 21,400 new accounting jobs in the years to 2017. And salaries are also expected to remain strong with Department of Employment gures showing full-time accountants are earning an average of $72,800 per annum.
Accountants are sometimes stereotyped as people who crunch numbers all day long, but, in reality, a career in accounting is much more dynamic and varied than many people think. Accounting today is a blend of analysis, problem-solving and detective work; to do the job right you have to be able to communicate eectively and deal with people, not just numbers. To be successful in your career you also have to understand the business environment and how it works. As an accountant, you probably wont just be in the back room with a computer and a calculator; youll be expected to work with other accountants and managers or possibly even the Chief Financial Ocer on a range of projects covering business analysis, commercial advice and strategic leadership. Accountants are the people who bring the numbers to life, says Professor Axel Schulz, Head of the Department of Accounting at Monash University. The numbers tell a story, and its the accountants job to share that story with the business. Accountants need to be able to interpret the data they have and explain it to the CEO, the marketing manager or the business manager. Accounting is a diverse eld ranging from nancial statement preparation and auditing to costing and planning, and control. Each area requires dierent skills. For example, preparing a budget for the general manager requires an
16
AC C O UNTING & F I NA NCE
Quirky Career Paths

Not every accountant or nance professional works in a big rm or typical job. In fact many areas of accounting, and the related elds of banking and nance, can lead you down a quirky career path. Here are some left-of-centre options.
ACCOUNTING
01001 00111101 1101000101 0001010001 10111101 00110
CRIME FIGHTER Solve nancial crime such as fraud, sanctions, breaches, money laundering violations and other nancial crimes perpetuated by companies and individuals. This eld includes divisions such as cyber threats, data integrity and forensics. Work for private rms or organisations such as ASIC, Federal Police or even the FBI! SHOW RUNNER Be the person behind the latest movie working as a corporate entertainment accountant. This could include working for specialty accounting rms or directly for movie studios and production companies, handling nancial matters like production budgets and royalty distributions, or managing the nances for movie stars and recording artists. ENVIRONMENTAL WARRIOR Environmental accountants help businesses become ecofriendly and protable. They help companies save money, incorporate green technology, and comply with environmental regulations. Environmental accountants who work for large corporations may help them budget for the costs of pollution management and other ecological issues, while those who work for government agencies investigate and report on how environmental resources are being managed on a national scale. PROGRAMMER Accounting software developers combine a strong computer programming skill set with accounting training in order to create and maintain software that meets the unique needs of accountants and other nance professionals. They make data management and analysis easier for everyone, from individual consumers using home accounting software programs to CPAs working for large corporations. SPORTS GURU If youve got a passion for sports, you can channel your accounting skills into a job handling budgets and payroll for a professional sports team. Like other organisations, sports teams and sports-related companies require fully-edged nance departments, complete with controllers, analysts and accountants.
AC C O UN TING & F INA NC E
17
BANKING AND FINANCE
RISKY BUSINESS Operating in any nancial market is fraught with risk, making risk management one of the most important divisions in the successful functioning of a bank. Risk management professionals in the banking sector look at possible risks, such as market crashes, IT failure, liquidity shortages, changes in legislation, and even terrorist attacks, and how these will aect the bank.
CORPORATE HOTSHOT Corporate bankers help clients build their businesses by providing strategic advice on nancial products. These types of roles include managing mergers and acquisitions, structured nance and commercial real estate investments.
PRIVATE EYE Private banking in Australia is one of the most rapidly developing areas in the nancial services industry. Private bankers often called wealth managers manage the complex nancial arrangements of people who have extreme wealth (generally dened as people who own nancial assets over $1 million). They provide comprehensive nancial support for their clients, which may cover areas like banking, investments, nancial planning, estate planning and risk insurance.
SUPER HERO Take super to the next level as a fund manager. Its a superannuation fund managers job to make money. They are responsible for investing over $1 trillion of Australians retirement savings. Superannuation is a complex and dynamic environment and one of our fastest growing industries. Superannuation heroes are trusted advisers who provide practical advice on how their clients can best invest their money for retirement.
SMOOTH OPERATOR Be responsible for smoothing the path for nancial transactions as stockbroker or trader. This profession is for those who can connect with people, understand their emotions and possess powerful convincing skills and have great selling skills. A stockbroker assists clients in buying and selling stocks, and provides nancial advice to their clients to guide them in the right direction and make the most out of their investments.
18
E C ONOMIC S
E C O NOM I C S
19
IN ECONOMIC TERMS...
We have plen ty of ways you can out page 58 for all your options. study economics at Monash . Ch eck
conomics is a key area of study that underpins many other areas of business making it a fantastic subject to study as part of a business or commerce degree. There are so many dierent areas of economics to study sport, health, development, education, media, technology and politics and it opens up some amazing career opportunities. Its not necessary to have studied economics in high school to pick it up at university, so why not nd out more about this exciting eld and what you can study in an economics major at Monash.
Want to see how economics is at work in your own life? Then consider this: Have you bought something online from overseas recently? Why? Was it cheaper than buying it here? If you answered yes, this is an example of economics at work. One reason why the goods you bought were cheaper may have been because of the stronger value of the Aussie dollar relative to other currencies. It was also GST-free unless it cost more than $1000, so, you avoided paying tax. But your decision didnt just impact your wallet it impacted on the whole Australian economy. Not paying tax means less GST revenue is available for government spending on hospitals or education. Buying overseas also means less prot for Australian retailers, which means fewer retailers, less choice and less competition. If sales are down it could also impact on jobs not just in retail stores, but also in product design, manufacturing and shipping. These are just some of the practical issues economists face every day. Economists focus on the issues across all aspects of our lives including sports, health, the environment, the workforce and labour, international development, nance and money. In its most basic form, economics is about how our scarce resources are allocated and how production, consumption and distribution of these resources are inuenced by our decisions. Economists study the often unpredictable and constantly changing behaviour of individuals and groups in society, making economics a social science. They also monitor economic trends, and develop forecasts to see how things like energy costs, ination, interest rates, and the price of food, rents, or employment rates may change in the future. Economics has two key branches of study microeconomics and macroeconomics which take dierent perspectives on the economy. Microeconomics examines the way in which particular businesses and industries function and the things that impact and inuence them, while macroeconomics looks at the big picture; the economy as a whole and decisions that inuence it.
20
E C ONOMIC S
Sport
International Development
MONASH ECONOMISTS AT WORK
Politics and Government
Labour & Work
E C O NOM I C S
21
Health, Welfare & Behaviour
Education
onash economists are working on some of the worlds biggest questions. Whether in the eld or in a lab, our economists gather data to help answer a wide range of important questions that help governments and companies make decisions and develop policies. These are just some of the research questions they are working on right now.
Technology
Environment
22
E C ONOMIC S
ECO
E C O NOM I C S
23
CAREERS IN ECONOMICS: THE POSSIBILITIES ARE ENDLESS

Economics leads to a wide range of career options. Depending on your personal interests, or other subjects you study, you might work as an economist in a particular area such as sustainability or nance, or you might use your economic skills to forge a career in another area of business.
LAW + ECONOMICS = Commercial lawyer, Labour economist, Criminologist ACCOUNTING + ECONOMICS ECONOMICS PSYCHOLOGY + = Business analyst, Chief nancial ocer, Financial adviser = Behavioural economist, Corporate psychologist, HR analyst, Organisational psychologist, Change manager, Recruitment consultant
ECONOMICS = Economic historian HISTORY + POLITICS & PHILOSOPHY + ECONOMICS = Politician, Lobbyist, Political adviser
SOCIOLOGY + ECONOMICS = Social researcher, Community development worker, Behavioural economist, Criminologist ECONOMICS SUSTAINABILITY + ECONOMICS ECONOMETRICS + = Sustainability consultant, Researcher, Environmental policy adviser, Climate change adviser = Economist, Statistician, Econometrician, Economic forecaster, Futurist
ECONOMICS = Management consultant, Business manager BUSINESS + AGRICULTURAL SCIENCE + ECONOMICS SPORT + ECONOMICS = Agricultural economist = Sport management executive, Event manager, Sport operations manager = Foreign aairs writer, Media consultant, Economic journalist = Gallery manager, Auctioneer, Valuer = Public relations adviser, Brand manager, Business manager = Economics teacher, Social researcher, Educational consultant = Financial economist, Financial analyst, Business analyst
ECONOMICS MEDIA STUDIES + ECONOMICS CREATIVE ARTS + MARKETING + ECONOMICS ECONOMICS EDUCATION + FINANCE + ECONOMICS
24
E C ONOMIC S
WHAT DO EMPLOYERS HAVE TO SAY?
Economics is a vital area of study that can lead to important and dynamic career opportunities in both the private and public sector.
Ms Elizabeth Proust AO Chairman of Nestl Australia Chairman of the Bank of Melbourne Formerly Managing Director of Esanda, Secretary of the Department of Premier and Cabinet (Victoria) and Chief Executive Ocer of the City of Melbourne
In order to understand how a business or an industry functions or how global and domestic issues inuence our economy and how we live, you need to understand economics. Economics is a vital area of study that can lead to important and dynamic career opportunities in both the private and public sectors. At a time when the world of business is changing rapidly, economists play a major role in researching, analysing and strategising in new and existing situations, both within industry and government. Their insights contribute signicantly to decision-making. I have seen rst-hand the contribution economists make to our country and our daily life. My previous experience in the government sector and my industryrelated work in Australia and overseas
leads me to the strong conclusion that individuals with economics qualications are well-placed to gain meaningful, ongoing employment. What traits do employers look for in economic graduates? - Logical and analytical thinking Curiosity - An interest in why people behave the way they do - Ability to use mathematics as a tool - An honours degree - An interest in current aairs and world events
E C O NOM I C S
25
STUDYING ECONOMICS AT MONASH
f youre interested in studying economics, you are spoiled for choice at Monash. We have ve options for you, and each course has its own features and benets.
#1 Bachelor of Economics #2 Bachelor of Economics Advanced with Honours #3 Bachelor of Business with a major in economics #4 Bachelor of Commerce with a major in economics #5 Bachelor of Business Administration with a major in nance and economics
You can study a major in economics in one of our comprehensive degrees (which you can also combine as a double degree with another area such as arts, law or journalism, to name a few) or you can focus on dierent areas of economics by studying one of our specialist focused economics degrees. Keep in mind, if youre interested in working as an economist, many key organisations (including government departments) only employ graduates with honours degrees. Starting salaries for honours graduates are also generally higher. Monash also oers pathways for economics students who are interested in pursuing a research or academic career in economics.
The economics of pop culture Want to learn more about economics? All of these popular movies reference economic theory or focus on economic issues.
- Red Obsession - Charlie and the Chocolate Factory - An Inconvenient Truth - The Bank - The Corporation - Wall Street - Wall Street: Money Never Sleeps - Margin Call - Trading Places - Youve Got Mail - The Economics of Happiness - A Beautiful Mind
Want to learn more about careers in Economics? Then go to monash.edu/business-economics/undergraduate/majors/economics

26
STUDENT STOR I E S
LETS TALK:
My internship with UBS has led to a full-time job opportunity. When I graduate, I'll join UBS in their Metals and Mining Corporate Advisory team.
INTERNSHIPS
HUGH FARQUHAR Bachelor of Laws/Bachelor of Commerce (Current student) Ive always wanted a career in nance, and studying a Bachelor of Commerce has opened the doors to a future career in investment banking. Being able to choose my own major was a hugely important part of choosing this course, as its allowed me to tailor my study options to the subjects that suit my personal interests. Ive always felt that students get the best results from their studies when they are studying subjects they enjoy. As part of my major I completed two three-month internships, the rst with Macquarie Capital and the second with UBS Investments. These internships gave me the chance to put the nancial theories I was studying into real-life situations. I was given quite a bit of responsibility, which has developed my work skills and business acumen. My internship with UBS also led to a full-time job oer, which I'll take up when I graduate.
RANDALL BROMWICH Bachelor of Commerce (Current student) I think all students should complete an internship if they can. My internship in the nance department of IBM showed me that I had chosen the right eld, and the right major (nance). It gave me a taste of what life would be like after graduation and it really improved my grades and my interest in studying, because I could see how the theory could be used in a practical environment. The IBM internship also made me realise that IT skills would be useful for my future, so I used some of the electives from the commerce degree to complete units from the Faculty of Information Technology. This is something that I never would have considered doing before my internship, and its given me some fantastic skills that I use not only in my day-to-day life but also in my nance studies.
CATHRYN MANN Bachelor of Accounting (2012) International Assignment Solutions Tax Consultant, PricewaterhouseCoopers When I rst enrolled at Monash, I knew accounting, and now Im specialising I had a passion for accounting, but I wasnt in this area. I did my rst work placement really sure where it would take me. I chose at Amcor, who extended my placement the Bachelor of Accounting because of for ve weeks so I could complete the its industry-based learning component. project I was working on. My second The fact that you could integrate your placement was at PricewaterhouseCoopers studies with work experience was a big (PwC). At the end of my 12 weeks, they plus for me and it was this practical oered me a part-time job. I worked for work experience that has shaped my PwC throughout my third year of uni and career. My industry placements helped accepted a full-time position with them me recognise that I really enjoyed tax before I graduated.
27
The best thing about being a student at Monash is the people you meet. Three years is a short time, but in that time I've met so many people who will no doubt be useful connections in the future.
JONATHAN ROCHWERGER Bachelor of Commerce/ Bachelor of Arts (2009) For me, undertaking an internship was really useful in deciding what area I wanted to work in when I graduated. In the summer before my nal year I took up an internship at The Allen Consulting Group, and I had my rst taste of how my economic studies could be used in a professional sense. It was through my internship that I realised that I was more interested in the social policy side of economics, so I decided to pursue a career in the public service when I graduated.
Analyst, Department of Treasury and Finance
MICHAEL HIGGINBOTHAM Bachelor of Commerce (Current student) As part of my commerce degree I completed a full-time internship with Monash University. I worked in the marketing services team in the Faculty of Business and Economics for a whole semester, working across a number of marketing projects. The experience was invaluable I was able to put the skills from my marketing major to use and I was able to work alongside, and network with, marketing professionals. The business world is really competitive and you need to be able to show potential employers that youve been involved outside of the lecture theatres an internship is a great way to do this, while also getting that practical experience you need to hit the ground running when you start working.
The Bachelor of Accounting is run in partnership with the Big 4 accounting rms and other industry partners.
MRUNAL CHAVAN Bachelor of Accounting (Current student) I chose Monash because it was the only university that oered an industrybased learning (IBL) program, which was also a scholarship program. The IBL unit in the Bachelor of Accounting is run with industry partners, including some of the top accounting rms in the country, so I knew that I would come out with really strong skills and, more importantly, a job. My two placements as part of the industry program, at Deloitte and PricewaterhouseCoopers, helped me realise how dierent and varied the accounting eld is. I gained invaluable experience and a deeper understanding of my studies. I was also part of the facultys Accounting and Finance Leadership Program, which was an invaluable opportunity to network with representatives from various rms.
KERSHERKA SIVAKUMARAN Bachelor of Commerce (Current student) The highlight of my Monash experience has denitely been completing an industry placement at Frontier Economics. This experience shaped my understanding of economic application in industry and has given me some practical experience for my CV. Frontier Economics gave me the opportunity to work on real projects with the exibility to undertake my own methodology for each task. I walked away from the placement with a great experience, but also invaluable skills, knowledge and great contacts for my future career as an economist.
28
AC TUARIAL STU DI E S
AC TUA R IAL STU DI E S
29
WHAT IS ACTUARIAL STUDIES?

Find out more about undertaking an actuarial studies major at Monash on page 58.
ts become a risky world. The Global Financial Crisis (GFC) highlighted the importance of managing risk to prevent disaster and, six years on, the eects are still being felt as markets nd their feet again. This is why the world needs more actuaries. While it seems that risk management is a new idea, actuaries have been in the business of managing risk for over 200 years, since the actuarial profession was established in 1848. But the GFC has brought a new and dierent focus to the world of risk management, which has led to increasing opportunities for Australian actuaries.
however interpersonal and communication skills have become increasingly important. Actuarial work is a blend of high-level modelling, mathematics and statistics, and excellent verbal, presentation and written skills. This combination is essential in order for actuaries to be able to communicate results and inuence decisions within a business context. Actuaries analyse and manage the nancial consequences for all types of risky events the risk of natural hazards, sickness or death or nancial risks. From the price of insurance to the marketing of products, actuaries are involved in analysing the available data and inuencing the decisions made, be they on pricing, reserving, or product development. While they typically work in consulting, banking, superannuation, stockbroking, insurance and investment elds, actuaries also work in developing elds such as environmental studies, climate change and genetics. Actuaries have also found careers in areas such as consumer behaviour analysis particularly with the explosion of customer loyalty schemes, such as Frequent Flyer schemes and retail loyalty cards. Loyalty schemes are underpinned by a mass of data about purchasing habits and actuaries have been at the forefront of ensuring consumers are targeted at appropriate points
Organisations cannot operate risk-free they need to ensure they plan for the future and protect themselves against unforeseen circumstances. While insurance companies have had a long tradition of managing risks, since 2008 banks and other nancial institutions have become much more aware and focused on ways to improve risk management. There has also been a ripple eect on other large corporations who now see risk management as a key factor to be successful in business. So what is the role of an actuary, and why is it so important? According to Dr Colin OHare, a senior lecturer in actuarial studies for the Department of Econometrics and Business Statistics at Monash University, actuaries are responsible for identifying, analysing and assessing risk. They determine the likelihood of risk to ensure an organisations safeguards, he says. They manage and advise on the potential consequences of risk. This is done by creating mathematical models using past data and the actuarys own knowledge and experience. These models are used to generate future scenarios in order to make an educated guess on how likely and how severe future risks may be. Dr OHare says the profession requires people with strong mathematical skills,
30
such as what they are most likely to buy on a Saturday morning or what they will most likely purchase in a certain period. This year will mark the fth year of teaching actuarial studies at Monash University. It can be studied as part of the Bachelor of Commerce, or the Bachelor of Economics and focuses on mathematics, statistics, demography, nance and economics. Dr OHare says the program is wellequipped to prepare students for the challenges they will face as actuaries in Australia and throughout the world. Our courses provide students with the statistical, problem-solving, reasoning and business skills they need to excel as actuaries. The course is also accredited by the professional body for actuaries in Australia, the Institute of Actuaries of Australia, for part I and part II of the actuarial qualication process. This means that students who enrol in our course can be a signicant way through the examination to qualify as an actuary when they graduate.
Actuarial work is a blend of high-level modelling, mathematics and statistics, and excellent verbal, presentation and written skills. This combination is essential in order for actuaries to be able to communicate results and inuence decisions within a business context.
31
32
33
ACTUARIES IN ACTION
...I knew it would be a career where I could make a positive impact and solve problems across dierent industries.
...being a qualied actuary means I am part of a small group of highly specialised individuals.
I wanted a career that was practical and was also a wellrespected profession that provided lots of growth and opportunity.
Kiyara Munaweera has always had a passion for maths, and it was her high school careers teacher who showed her how a love of maths could result in a business career. Actuarial studies included units in statistics and mathematics, which have always been of interest to me, but they also combined principles of nance and economics, which are important aspects of business, she says. I chose to major in actuarial studies because I knew it would be a career where I could make a positive impact and solve problems across dierent industries. However, a car accident in her second year nearly derailed her career goals. I had to have several surgeries during my recovery, and it was the support of the fantastic teaching sta that helped me get through the course which can be quite challenging. It was this experience that also makes my work with the TAC more meaningful.
Bachelor of Commerce Research Analyst Business Intelligence Transport Accident Commission (TAC)
KIYARA MUNAWEERA
RUVINDA NANAYAKKARA
Bachelor of Commerce Actuarial Analyst Bendzulla Actuarial Pty Ltd
Two years after graduating with a Bachelor of Commerce majoring in actuarial studies, Ruvinda Nanayakkara has no regrets about his decision to study at Monash and pursue a career as an actuary. When I was considering my options for tertiary education most people told me not to study actuarial studies. It is considered a very tough profession because it includes a combination of mathematics, econometrics, economics, nance, accounting and statistics, says Ruvinda. However, I was fascinated by this and took it as a challenge. Also, compared to other professions there is only a limited number of actuaries in the world. Being a qualied actuary means you are a part of a small group of highly specialised individuals. And no two days are the same for Ruvinda, now that he is an actuarial analyst. There is nothing mundane about the work I do and even the simplest task oers a challenge. Some of the tasks I do on a day-to-day basis include preparing documentation for insurance funds, valuations, economic loss calculations and preparing valuations for long service leave and workers compensation. This keeps me interested and encourages me to improve myself.
While Fiona has always had an interest in maths, it wasnt the only reason she chose a career as an actuarial analyst. I wanted a career that was practical and also a well-respected profession that provided lots of growth and opportunity, she says. It may start out as a tough area to study, but if you persist it will be worth it. Actuaries are incredibly well-respected around the world and the skills you learn as an actuary can be applied to many dierent elds. The working hours are steady and it was ranked as the best job in the US for 2013. A typical day for me as an actuarial analyst is to complete calculations and prepare reports for our senior team and the signing actuary. Depending on the piece of work, calculations can take as little as half an hour, or progress over the course of a few weeks before the advice is nalised and submitted to our clients. I nd myself constantly learning new things not only because I am being exposed to a wider variety of work but by learning from actuaries and more experienced analysts around me.
Bachelor of Commerce Actuarial Analyst Mercer
FIONA TSANG
34
CAREERS
CLIMBING THE CORPORATE LADDER

W
here can a degree in business, commerce or economics take you? For these former Monash students, a commerce or economics degree was the rst step to long and successful careers, both in Australia and overseas.
DAVID CHARLES
1961 Enrolled in a Bachelor of Economics at Monash University 1967 Received a travelling scholarship to undertake a PhD in Economics at the London School of Economics 1970 Worked in Geneva with the United Nations Conference on Trade and Development 1972 Recruited to the Tari Board 1979 Appointed Head of Task Force, Crawford Report Structural Adjustment 1982 Appointed Deputy Secretary, Department of Employment and Industry Relations 1982 Appointed First Assistant Secretary, Communications Division, Department of Prime Minister and Cabinet 1985 Appointed Secretary of the Department of Industry and Commerce 1987 Appointed Director, Australian Trade Commission 1987 Became a board member of the Melbourne Business School. 1990 Appointed Australian Consul General in Berlin and Special Trade Representative in Central and Eastern Europe 1993 Became Director of the Allen Consulting Group 2006 Founded Insight Economics 2006 Partnered with Deloitte to form Deloitte Insight Economics 2009 Re-started Insight Economics 2010 Appointed Chair of the Advanced Manufacturing Cooperative Research Centre 2010 Became a member of Advisory Committee of the Australian Astronomical Observatory 2010 Appointed President of the Australian German Association
CA R EERS
35
ALLISON JONES
1996 Graduated with a Bachelor of Commerce from Monash University 1997 Joined JD MacDonald Engineering as a graduate in the position of Internal Sales Manager 1999 Appointed Senior Business Development Ocer at City of Casey 2003 Moved to the Victorian Government Department of Innovation, Industry & Regional Development as an Economic Policy Adviser Economic Policy & Government Services 2004 Appointed a Senior Policy Adviser for Regional Development Victoria 2005 Moved to Latrobe City Council to become the Manager, Economic Development 2007 Appointed Project Manager, Latrobe City Council 2008 Promoted to General Manager Economic Sustainability at Latrobe City Council 2011 Became Acting Chief Executive Ocer at Latrobe City Council (secondment)
BERNA WAKE
1983 Graduated with a Bachelor of Economics from Monash University 1983 Met a representative of Unilever Australia at a Monash event and joined Unilever as a graduate. Between 1983-1999 held the roles of: - Marketing Trainee - Brand Manager - Senior Brand Manager - Marketing Manager - Marketing Director 2003 Moved overseas to take a role as General Manager Foods at Unilever Malaysia 2006 Appointed Managing Director Foods, Unilever Indonesia 2007 Promoted to Vice President Marketing Operations at Unilever Asia Private Limited 2008 Became Vice-President Unilever Marketing Excellence for the AAC region (Asia, Africa, Middle East Turkey and Central Europe)
IAN MAYER
1979 Graduated with a Bachelor of Economics from Monash University 1994 Appointed Chief Executive Ocer, Australian Marketing Institute 1996 Became the Victorian Divisional Director, CPA Australia 2001 Promoted to Marketing Director, CPA Australia 2005 Appointed General Manager Reputation and Standards, CPA Australia 2008 Moved to Australian Physiotherapy Association to take up the role of Chief Executive Ocer
DID YOU KNOW?

Did you know these successful Australian business people have also completed their undergraduate degrees in business, commerce or economics at Monash? Ian McFarlane AC Economist and former Governor of the Reserve Bank of Australia Andrew Mohl Director of the Commonwealth Bank Russel Howcroft Executive General Manager of Network Ten Brett Gosper CEO of the International Rugby Board and Managing Director of the Rugby World Cup Tracey Fellows Executive General Manager, Communications at Australia Post
38
CAREERS
CA R EERS
39
IVE NEVER HEARD OF THAT MAJOR

A
business or commerce degree leads to a range of careers across the professional sector, including accounting, nance, marketing, strategy and much more. But it also oers up a range of career options in elds you may never have even heard of let alone considered. Here are two examples of growing areas of business you can study at Monash University.
BUSINESS LAW
Law is a critical aspect of all areas of business, and business decision-makers need to have an awareness of the law, regardless of their role. If youre interested in the way the law operates, but you dont want to be a lawyer, then business law could be the eld for you. Business law inuences commercial transactions and marketing processes, and it governs those engaged in companies and partnerships. Business law is also at the frontier of developments in e-commerce as established rules are adapted to cover activities in cyber space. SO WHAT IS IT? Professionals who have studied business law deal with the business implications of national and state laws relating to areas such as contracts, trade practices, employment, insurance, wills and estate planning, and consumer and creditor protection, as well as real estate, tax, and the environment. Potential employment opportunities could include a paralegal administrator in a law rm, compliance ocer, human resource ocer, adviser for a government regulatory body or a business analyst. *This major does not qualify you to work as a barrister or solicitor.
ECONOMETRICS AND BUSINESS STATISTICS

If youre interested in mathematics, you might be considering a degree in engineering or science. However, did you know that you can put your maths skills to good use in a business environment, working as an econometrician or statistician? Mathematicians are fast becoming the new brains behind the increasingly complex world of commerce, and working in the eld of econometrics and business statistics provides an ideal way of turning your mathematical ability into a business career. SO WHAT IS IT? Statistics is the most widely used quantitative method in business. It is often applied to sales forecasting, quality control and market research. Data used in business includes population censuses, opinion polls, consumer databases, sales and demand data. An econometrician or statistician uses their knowledge of economic theory and statistical methods to help determine if a collection of observed data values is consistent with specic hypotheses from economic theory. Once theyve established a theoretical model, the econometrician will estimate the values of economic variables of interest, and then often quantify the impact of proposed policy changes on economic outcomes. These skills are highly valued when, for example, a company is looking for productivity improvements, or wants to identify market trends. In a competitive business environment rich with data, a statistician can provide empirical support for decisions and provide the organisation with a competitive edge.
Want to learn more about the dierent areas of business and commerce? Go to monash.edu/business-economics/undergraduate/majors
40
STUDY AT MONAS H
verybody knows one plus one equals two. But, when youre talking about a double degree at Monash, the maths is even simpler.
A double degree allows you to study for two degrees at the same time. You will graduate with two dierent qualications, giving you more career exibility and opportunities. A standard bachelor degree is three years, and in most cases you can graduate from a double degree in four years. Thats double the degree without double the time. Monash has one of the most comprehensive double degree programs in Australia, oering combined degrees across all 10 faculties. Interested in arts and business? We have a double for that! Commerce and law? Weve got you covered. Combining your Bachelor of Business, Bachelor of Commerce or Bachelor of Economics with another degree opens up a whole world of
possibilities you can study a language, a second profession, two completely dierent areas of business, or other complementary areas youre interested in, such as politics, geography, music, education and more. SO HOW DOES IT WORK? All Monash courses include compulsory units (which you must do) and electives, which you can choose based on your interests. In a double degree, your compulsory units in one degree form the electives from the other, and vice versa. So youll study the compulsory units to complete each course, (four units per semester), and the units you study will count towards both degrees.
SINGLE DEGREE
DEGREE 1
CORE
MAJOR
ELECTIVES
DEGREE 1 DOUBLE DEGREE DEGREE 2

CORE
MAJOR ELECTIVES
CORE
MAJOR
STUDY AT MO NASH
41
A double degree allows you to study for two degrees at the same time. You will graduate with two dierent qualications, giving you more career exibility and opportunities.
For more information on en try
Choose your combination
he Faculty of Business and Economics oers double degree combinations with every other faculty across Monash University, which means youre spoilt for choice when it comes to double degrees. Whether youre interested in arts, engineering, law, science or medicine we have a double combination that will match your interests and career goals.
BUSINESS DEGREE Bachelor of Business Bachelor of Commerce Bachelor of Economics
requiremen ts and leng th of study for double degrees to go page 60.
Aerospace engineering (Honours) Arts Arts (Global) Biomedical science Business (Accounting) Business (Banking and Finance) Business (Management) Business (Marketing)
DOUBLE WITH
Business Information systems Commerce Education (Secondary) Economics Engineering (Honours) Environmental engineering (Honours) Health Science Journalism Laws Music Pharmacy Science Visual arts

42
STUDENT STOR I E S
LETS TALK: DOUBLE DEGREES

PRASANNA NADARAJALINGAM Bachelor of Commerce/Bachelor of Arts (Current student) For me, the best part of the Bachelor of Commerce is the exibility. I didnt just want to study one thing especially when Im interested in so many things. Choosing a double degree was an obvious choice, but I also liked that the commerce degree oered units from all areas of business and even from other faculties in the university which enabled me to have a more well-rounded understanding of business. I love that Monash oers an arts/ commerce double; I think the degrees strongly complement each other. I also liked the fact that you could choose to work in a student society, have an internship, go on student exchange, and participate in clubs and societies. Im not sure other universities oer quite so many options to students.
Being able to study three majors is one of the many benets of studying a double degree.
BRIGITTE BAGHDIKIAN Bachelor of Arts/ Bachelor of Business (2011) Commercial Analyst, BP Australia I chose to study a Bachelor of Arts/ Bachelor of Business double as it was the perfect course to match my interests and career ambitions. The arts component allowed me to further develop my interest in humanities and social studies, while the marketing major in my business degree gave me the opportunity to strengthen my business acumen and passion for marketing. Plus, the two degrees really complement each other. For example, as part of my Bachelor of Arts, I majored in behavioural studies which directly supported what I learnt in marketing about consumer behaviour and market research. I am currently undertaking my second year-long rotation in the BP Australia graduate program. I applied for the BP graduate program while still at university, and was lucky enough to secure a graduate position.
JAMES CHAPLIN Bachelor of Commerce/Bachelor of Economics (Current student) The main reason I chose to study at Monash, was because of its double degree program. Studying a double degree gives you the opportunity to undertake a triple major Im studying marketing, economics and econometrics and business statistics which will be invaluable when I enter the workforce. Having three diverse specialisations under my belt gives me a unique edge. In industry, problems can rarely be solved through one eld of thought. Studying three majors means I have the skills to approach issues from many dierent angles and ensure the problem is resolved, which will be appealing to employers.
MARIE ANKENBRAND Bachelor of Arts (Global)/Bachelor of Commerce and a Diploma of Languages (Current student) Choosing a double degree with the addition of a Diploma of Languages is a tough workload, but it really has been worth it. I chose Monash because it is the only university that oers global arts with commerce as a double degree, and it has opened up so many opportunities. Im studying majors in international commerce, international studies and Spanish, which is a really fantastic combination that gives me skills in the economic and commercial side of international business through the commerce degree, as well as the diplomatic and political side of it through global arts.
43
JACQUELINE BASTIANI Bachelor of Laws/ Bachelor of Commerce (2008) Senior Economist, Department of Treasury and Finance When I nished high school and started my degree, I planned to work as a solicitor and later a barrister. However, during my time at uni, I began to realise that I found the economics and taxation law subjects more interesting and I shifted my focus from law to economics. While I was at uni I used my commerce electives to experience dierent areas of economics, and I used my law electives to study related subjects such as taxation law and insolvency. The commerce degree provided both a well-rounded base and the opportunity to specialise in an area of particular interest, which for me was economics. Both my commerce degree, with a major in economics, and my law degree are very important in my current role. My economics background provides a framework to analyse an existing tax, assess the need for reform, and evaluate the impact of options, while my law background is of great assistance in interpreting legislation and drafting instructions for legislative reform.
I would denitely recommend the commerce/ engineering double to any student whose interests lie in both science/maths and business. It provides analytical and problemsolving skills as well as a deep understanding of commercial matters, and is a combination that employers seem to love.
I didn't consider applying to any other university, because I knew I wanted to study a double degree at Monash.
JACLYN ROTMAN Bachelor of Commerce/Bachelor of Engineering (Current student) In Year 11 and 12, I loved accounting and knew I wanted to study commerce at uni. My careers counsellor suggested that a commerce/engineering double degree was a combination that would open up a lot of opportunity with employers. The engineering aspect has the benet of analysis and critical thinking that complements my commerce degree. The best part about studying this double at Monash was that both degrees have a general rst year, which allowed me to decide which majors I would like to do after having sampled a variety of the subjects on oer. Studying a double degree is benecial beyond measure. It has allowed me to gain in-depth knowledge in two very dierent elds, while also having the advantage of the two degrees complementing each other in certain areas.
ELLIE HARVEY Bachelor of Commerce/ Bachelor of Economics (Current student) I chose my course combination because it oered me a broader scope of work when completing my degree, and it will make me more employable. Commerce and economics are a great match, and as part of my degree I could also study majors in marketing and nance, which opens up so many potential career options. Before I picked my course, I researched job positions at the Reserve Bank of Australia and many of their employees had economics degrees, so if I wanted to work at the RBA or Goldman Sachs, this double makes it possible. I also studied economics in Year 12 and loved it, and Monash was the only university to allow me to study both degrees together.
44
HUMAN RE S O URCE S
H
U
R G E S B R A T J V
M
Q O U
A
A N R C E S
N
W
HUM A N R E S O URC E S
45
human resources
-plural, noun
1. a. the workforce of an organisation b. (as modier): human resources management; human resources ocer 2. a. the oce or department in an organisation that interviews, appoints, and/or keeps records of employees b. (as modier): a human resources consultancy 3. the contribution to an employing organisation which its workforce could provide in eort, skills, knowledge, etc.
46
HUMAN RE S O URCE S
START
1. IT ALL STARTS WITH THE RIGHT FIT As a HR professional its up to you to nd the right person to select and recruit for a job. Its very important to get this right as the employees form the organisation. The wrong person in a job can have a negative impact and cost an organisation a lot of money.
2. THE HR JOURNEY HAS JUST BEGUN So youve found the perfect candidate. Now you need to make sure they know whats expected of them. To help with this youve organised an induction, introduced the new sta member to the organisation and helped them navigate their way through their rst weeks.
s companies become increasingly aware of the need to hire and retain the best people and create happy and safe workplaces for their employees, human resources (HR) is vitally important in business. Gone are the days when HR was simply an administrative role. HR professionals now play an important part in the strategic success of every organisation both domestically and globally. This means that HR brings with it a variety of career paths and opportunities for the next generation of business and community leaders.
There are many dierent areas of HR, giving you the opportunity to explore your interests and forge a career path that will be varied and challenging. HR roles are often broken down into generalist, specialist or external roles, giving you plenty of career progression and development in the future. In a generalist role you might focus on a few dierent HR areas and after a few years in the eld you may decide to become a specialist or consultant working in a specic area and as your career progresses, in more senior roles. The absolute breadth of the eld means that HR professionals are required in every industry such as media, sport, healthcare, or IT as well as the not-for-prot sector and emerging social enterprises giving you the opportunity to pursue a successful career in any organisation.
3. MAKE SURE EVERYONE IS SAFE AND HAPPY Youve drawn up policies and procedures to make sure everybody knows whats expected of them. You make sure the new person knows all about health and safety within the organisation, as well as policies about privacy, internet use, and others.
Human resources covers a wide range of diverse roles and opportunities within businesses and not-for-prot organisations. While many people believe that HR sta are only there to hire and re people, there is actually a lot more to it. Yes, HR professionals are responsible for hiring new sta (recruitment) and managing workplace issues such as bullying, how much to pay sta, or what to do if people arent doing their jobs they also play a key role in many other areas of the business, including employer branding, change management, training and development, employee relations, contracts of employment, employee rights, performance appraisals, and health and safety. They can also inuence an organisations strategic business decisions. After all, a business is only as good as its employees, and an organisations employees are only as good as its HR team.
HUM A N R E S O URC E S
47
FINISH
7. MEASURE AND EVALUATE HR professionals have to be able to show an organisation what their contribution is. So just like any other department within an organisation, HR have to evaluate and measure their success and contribution. You can do this by, for example, looking at recruitment success, sta retention numbers, the diversity of the workforce (in terms of gender and ethnicity for example), and much more.
6. CROSSROADS People who work within an organisation may love working there but at the same time they may feel its time for a new challenge. As a HR professional, you can guide them through this process through career development, such as oering workshops to allow employees to develop new skills, or by helping them look for another role within the organisation.
5. THERES BEEN AN ISSUE If an employee feels they are being unfairly treated, HR will most likely be their rst point of contact. You might have to deal with workplace bullying or discrimination. In such cases it could be up to you to mediate; you can be asked to investigate the problem and nd a solution.
4. ITS A BALANCING ACT, REALLY Youre not just looking after employees. You also have to be on top of the organisations obligations under state and federal law. This covers things like employees pay, their annual and personal leave, looking after enterprise agreements and dealing with potential industrial action (strikes, picket lines etc.)
48
STUDY AT MONAS H
Where in the world?
Want to know more about studying abroad? Then go to monash.edu/business-economics/undergraduate/studentexperience
STUDY AT MO NASH
49
onash opens the doors to the world with our extensive study abroad and international exchange opportunities. As part of your business or commerce degree you have the opportunity to study anywhere in the world at one of our 115 partner institutions across more than 20 countries. We also have Monash campuses in Malaysia, South Africa and Prato in Italy.
50
STUDENT STOR I E S
LETS TALK: STUDYING OVERSEAS

HARIES SUTKA Bachelor of Business (Current student) My best experience was going on international exchange to Boston College in the USA. I lived in a house with nine other international students from all around the world, which was terric fun. I was involved in the Boston Marathon, and many other activities in the city and at Boston College. On completion of the program, I went backpacking with some of my new friends across 11 big American cities. I went from the east coast to west coast and it was a fantastic way to cap o the whole experience. TATUM DE SILVA Bachelor of Business and Commerce/ Bachelor of Communications (Current student) The inter-campus exchange program to Malaysia was denitely the highlight of my Monash experience. It not only counted towards my academic transcript, but also was a great life experience. I would certainly recommend an exchange to all students. It takes you out of your comfort zone and allows you to dig deep and adapt to your surroundings, while oering you some unforgettable experiences. I was able to travel throughout Malaysia, including Borneo, where I climbed Mt Kinabalu, and I attended the Grand Prix in Malaysia, my rst ever Grand Prix!
Jungle trekking and scuba diving are things I may never have done if I hadnt had the opportunity to study abroad in Malaysia.
MONICA ARKLAY Bachelor of Business and Commerce/ Bachelor of Professional Communication (Current student) My time on exchange at the Monash campus in Malaysia was probably the best choice I have made at Monash. I was able to continue my course, while meeting some incredible people and travelling around a beautiful country. It was great being able to live as a local, and I also got to do cool touristy things like jungle trekking and scuba diving. I enjoyed my exchange so much that Im going to apply to study overseas again before the end of my course.
PRASANNA NADARAJALINGAM Bachelor of Commerce/ Bachelor of Arts (Current student) I went on student exchange to the University of Missouri in the USA through the Monash Study Abroad Program. This was a highly valuable trip which allowed me to experience the educational system in the USA, meet people from all across the globe, get involved in local activities, and represent Monash University. It was fantastic to be involved in American college culture, and Ive made some life-long friends. We also got to do some travelling on the weekends we watched NBA games in LA, and had a quick trips to Las Vegas, Chicago, New York, San Francisco and Canada.
51
I was so lucky to have the opportunity to travel overseas twice during my degree with the Marketing Study Tour to China, and the study abroad program in Miami.
Studying abroad was the highlight of my uni experience.
TODD MAY Bachelor of Business (Current student) My favourite thing about my course was I also spent a full semester at the being given the opportunity to study University of Miami, which was the best decision Ive made in my life. Not only did abroad. In 2012, I participated in the Marketing Study Tour to China which I experience a dierent style of learning, but was a good way to be immersed in another I developed independence through living culture and see how what Ive learnt in a foreign country, and made friends and applies to dierent business environments. contacts from all around the world.
DEBRA NOTT Bachelor of Business (1986) Founder and Director, Style Palette I loved studying at Monash, enjoying the transition from secondary school to the personal empowerment of studying at a university. I most enjoyed studying the marketing subjects, team assignments and electives. I chose to study international marketing and management, and travelled to Hong Kong and Japan to study abroad. The international study trip was the highlight of my university experience. I was wowed by the advancement of marketing execution in Japan and the use of space to capitalise on every opportunity to market to consumers.
I found out about studying overseas at the Monash Exchange Expo. I am so glad I attended and had the chance to study abroad at UCSD.
JACLYN ROTMAN Bachelor of Commerce/ Bachelor of Engineering (Current student) A fantastic part of studying at Monash was the ability to spend a semester studying at the University of California, San Diego. I wouldnt have had this experience if Monash didnt have such an established exchange program. The Monash Study Abroad oce was unbelievable in helping me set up my exchange to UCSD and access a study abroad grant to help pay for it.
52
U NI LIFE
FACT OR
If youre heading to university next year, youre about to embark on one of the most exciting and interesting periods of your life. But making the transition from VCE to uni can seem quite daunting. Its common for new students to worry about what university life is really like, so weve gathered the most frequently asked questions or worries that rst years have, and separated fact from ction.
FICTION
U N I LI FE
53
A few small pieces of advice to h elp you ge t start ed on your journey.
ORIENTATION ISNT IMPORTANT
Where to start? Orientation is not just important; you can go as far as calling it vital for a smooth transition to university life. In some cases its compulsory to attend but even if it isnt, its still a great event. Orientation will help you learn about your teachers, support services, how the university systems work, and basic stu like where things are on campus. And of course, its an opportunity to meet other rst years and to make friends!
I WILL shouldn't HAVE TO PUT MY LIFE ON HOLD WHILE I STUDY
AT UNI, ILL BE ALL ON MY OWN
I won't
University life is all about balance you just need to nd the study/life balance that works for you. Many students work part-time, socialise or are members of one (or more) of the variety of sports and social clubs on oer at Monash. There are events happening every day on campus, and your uni life will be much richer if you get involved.
I WON'T KNOW MY LECTURERS AS WELL AS I KNOW MY SCHOOL TEACHERS.
will
Theres this idea particularly among rst years that lecturers are distant human beings who see teaching as a burden they must bear for the sake of their academic endeavours. In reality though, most uni lecturers love what they teach and they enjoy talking to their students about their subjects in more detail.
Yes, you are expected to be an independent and active learner, but this doesnt mean that you have to go it alone. There is plenty of support available, if and when you need it all you have to do is ask. We have full-time student services sta who are able to assist with all your questions. And remember, youre not the only rst-year student! Some of your fellow students might be having the same problem, so ask around.
FIRST YEAR DOESNT COUNT
Though you may not think rst year counts, its the foundation for the rest of your education. The skills you learn in your rst year help you to get the best out of yourself for the rest of your university career.
ITS UP TO ME IF I WANT TO ATTEND MY CLASSES but I won't I CAN STILL PASS MY UNITS IF I DONT
Its absolutely your choice whether to attend classes or not. Theres no roll-call at uni. However, attendance is important to keep up-to-date with the unit content, assignment information, in-class assessment requirements, and for making connections with your lecturers and fellow students.
A UNIVERSITY DEGREE MEANS MY TEACHERS WILL KEEP A CHECK ON ME NOTHING e very thing TO MAKE SURE I DONT IN THE JOB MARKET FALL BEHIND
won't
Being a uni student requires a certain level of responsibility. Its up to you to make sure you attend your classes, keep up with your study and put the time and eort in the unit as required. You may nd that there are hundreds of students enrolled in the same units as you, making it rather dicult for a lecturer to keep tabs on each individual. But, remember, if you do need help or personalised attention, you just have to ask!
The reality is many jobs require universitylevel qualications, and theyre even more important if you want to work in a professional eld, such as accounting, marketing or law. But unis not just about theoretical learning many Monash degrees, especially our business degrees, have practical learning elements such as internships, study tours or guest lectures from industry leaders. These opportunities, combined with theoretical knowledge, will give you a real advantage when it comes to nding a job after you graduate.
ONLY THE SMARTEST STUDENTS GET HIGH GRADES
most of
High grades are the result of time, eort and commitment to your studies. Its all about getting the process right. If you have questions, ask your lecturer or tutor, they all have oce hours, when you can call and ask a question. Remember, uni is all about getting out what you put in!
54
U NI LIFE
YEAR 12
as discovered by Monash Business and Economics students
1 0 T I P S F O R S U RV I V I N G
Its nally here Year 12, the year youve been working towards your entire life blah blah blah. Everyone is full of tips on how to survive Year 12, but nobodys perfect adopt as many as you can, or as few as you can be bothered with, and take them with a grain of salt. Just remember to enjoy it; after all, 12 months from now, it will all be over.
K E E P I T S I M P L E ( S I L LY )
Studying doesnt have to be complex. Keep it simple. Handwrite your notes where possible, because you wont have a computer in your exam; colour coordinate by topic where you can (it gives you an excuse to go shopping for stationery); and write notes that mean something to you, dont just copy down every single thing.
01 02
KISS: ZZZZZZZZZS
FIND TIME FOR
There is a time to study (and 12 am is not one of them!) Dont burn the midnight oil set aside a time for study, whatever suits you best, then switch o and make sure you get your beauty sleep.
All study and no fun will make you a grumpy bum. Make sure you maintain a balance between work and play keep up some of your social activities, play a sport, meet friends for a coee and have a night o every now and then. Year 12 is not all about study, even if sometimes it feels like it is.
03 04
SURVIVAL BALANCE
EQUALS LISTEN TO YOUR MUM AND
DONT CATCH A COLD
Try to be as healthy as possible this year, not only to keep your brain functioning, but to make sure you dont get sick. Feed your brain (think berries, green leafy vegetables and healthy protein). Vitamin packed fruits like oranges and grapefruits are also a great snack to help keep colds and u away this year.
U N I LI FE
55
Yes, they are the lyrics to a Michael Jackson song, but theyre also true in Year 12. Your teachers and your parents are there to help you, so let them. Dont be afraid to ask for help, or even just for some time out. Now is also a good time to try to get out of your chores!
05 06
NOT ALONE
YOU ARE
HYDRATED!
KEEP
Monash students swear that caeine is the nectar of the gods. And caeine can denitely be your friend if you need a (reasonably healthy) energy boost. But herbal teas and water work just as well to help keep you refreshed and make a perfect study break drink. If you dont like coee or tea, try a Mocha (chocolate + coee) or a hot chocolate to keep you energised through your study sessions.
Twelve months will go quickly, so plan something fun for after high school and book it in early (schoolies, for example). This way youll have something to look forward to when it all seems too much, and you wont have to stress about it in the exam period.
07 08
FREEDOM
PLAN FOR
DRAMA
AV O I D T H E
Year 12 is stressful enough by itself without you adding any extra drama. So dont break up with your boyfriend/girlfriend near exam time, try not to have ghts with your friends or your parents and leave that extra drama to your favourite TV show.
If you dont get what you need, there are other ways to end up in the degree/industry you want to be in (such as a Monash pathway course). Dont put too much pressure on yourself. Yes, work hard, but realise that your ATAR does not control the future. If youre really passionate about something, youll nd a way to get there.
09 10
DOESNT DEFINE YOU
YO U R ATA R WHEN YOU CAN
STUDY
Use your study periods and early evenings wisely. Dont procrastinate on Facebook for hours, and study at school if you get a chance. Then you can get your homework done and enjoy some downtime on the weekends or before bed.
56
U NI LIFE
U N I LI FE
57
To help you navigate your way through the maze that is uni life, weve put together a glossary busting university jargon.
Ll
LECTURE The most common form of (formal) teaching at uni where an academic sta member delivers information to students
SPECIALISATION Another word to describe your major, or the area you specialise in as part of your degree, for example accounting or economics STUDENT UNION A student organisation dedicated to providing services and representation for students
Aa
ACADEMIC YEAR A study year at uni. It consists of two 12-week semesters, starting late February or early March and ending around November AREA OF STUDY This is the major you study as part of your degree, for example economics or accounting
Ff
FACULTY A collection of academic departments which have similar disciplines FEE-HELP A loan facility that helps students enrolled in non-research degrees pay their fees
Mm
MAJOR The main subject area of study completed as part of a degree
Tt
TERTIARY A general term covering all education providers after secondary school TUTOR An academic sta member who is responsible for teaching small groups in tutorials TUTORIAL A less formal method of teaching in a small group setting, usually requiring more student participation and interaction
Nn
NOTE TAKING A very important part of attending lectures and studying
Bb
BACHELOR DEGREE The highest undergraduate award at Monash University, usually requiring three or four years of full-time study
Gg
GRADUATE The recipient of a degree GRADUATION A formal ceremony celebrating your successful completion of a degree
Oo
OPEN DAY Your chance to speak to sta and current students to learn about courses and university life ORIENTATION The start of the semester for new students where there are all kinds of activities to help you settle into life at uni
Cc
CAMPUS The university grounds and buildings COURSE The entire program of study required to complete your university degree CONTACT HOURS The number of hours you are expected to attend classes, for example, lectures, tutorials and workshops
Hh
HIGHER EDUCATION Study at university level HONOURS An extra year added to a degree program where you can specialise in an area of study and undertake a combination of coursework and research
Uu
UNDERGRADUATE A student who hasnt nished a bachelors degree UNITS The subjects that make up your degree
Pp
POSTGRADUATE STUDY Any higher-level study usually undertaken after completing an undergraduate degree, such as graduate diplomas, masters degrees, or PhDs PROFESSIONAL RECOGNITION Some courses are structured in such a way that they meet the requirements for entry into a specic profession
Vv
VICE-CHANCELLOR The academic and administrative head of the university
Ii
INDEPENDENT LEARNING The type of learning expected of university students. Youre expected to take responsibility for your own learning. This includes asking questions, by the way! INTERNSHIP A temporary work placement within a company, which you can do as a part of your degree
Dd
DEAN Chief academic and administrator of a faculty DEGREE The academic title you get when you complete a course of study DISCIPLINE The term used for study areas, or subjects, within a faculty. For example, marketing, accounting, and econometrics are all disciplines within the Faculty of Business and Economics
Ww
WORK INTEGRATED LEARNING The program that delivers all of Monashs industry-related learning, for example, internships and study tours
Qq
QUALIFICATION An award or some other form of certication of accomplishment, competence or attendance
Xx
Jj
JUGGLING A skill that all students need. It may feel like a superhuman ability at rst but really, the longer youve been at uni, the easier it gets to juggle all your responsibilities at uni, work, and in your social life
Rr
RESEARCH Systematic investigation or inquiry in order to establish facts or reach new conclusions
X An unknown value often used in mathematical equations or to indicate that someone has that special something, also known as the x-factor
Ee
ELECTIVES Units that you can pick based on what youre interested in this can include units from any faculty, or an internship or studying abroad ENROLMENT The process of ocially placing you into the units of your course
Ss
SEMESTER A university teaching period, which usually covers 12 weeks SOCIETIES (and clubs) are run by students for students and include a wide range of groups including academic, cultural, spiritual, sports and special interest groups
Yy Zz
YOU Its all about you at university. You make the choices, you decide on your direction
Kk
KNOWLEDGE Its often said that knowledge is power and where better to gain lots of it than at university?
ZZZZZZZ Even though youre probably very busy studying and having fun, dont forget to catch enough of these!
58
STUDY AT MONAS H
ITS AS EASY
Comparing our courses
Whether you have your future mapped out, or youre still trying to gure out the end goal by now you know that university is the next step. And if youve nished reading this magazine, youve probably also decided that a business degree is the way to get to your goal. But how do you decide which business degree is best for you? Its easy as A B C or E Accounting, Business, Commerce or Economics. When you start to explore business degrees at Monash youll quickly notice one thing there are plenty of options to choose from. Variety is the spice of life here, and there are many ways for you to study business. Its almost like reading a Choose Your Own Adventure book. So to make it a little easier, here is a comparison of the business and commerce courses, and the accounting and economics options on oer at Monash University.
* Industry-based learning forms a compulsory part of the Bachelor of Accounting. Students may opt to undertake internship electives as part of our other accounting degrees. ** Depending on unit selection this degree may provide eligibility for associate membership and entry to the Chartered Accountants Program of the Institute of Chartered Accountants Australia (ICAA), Associate membership of the Institute of Public Accountants or entry to CPA Program of CPA Australia.
OPTIONS FOR ACCOUNTING
If youre interested in studying accounting, Monash is the place to do it. We have six degree options for students who are interested in accounting. While the Bachelor of Accounting is our premier accounting degree, our other courses provide added exibility.
Bachelor of Accounting Bachelor of Business (Accounting) Bachelor of Business with a major in accounting Bachelor of Commerce with a major in accounting Bachelor of Commerce (Accounting and Finance) Bachelor of Business Administration with a major in accounting
Industry-based learning and industry scholarship Internships* Double degree options Flexibility to choose major Electives in areas other than accounting Extended major in accounting Professional recognition**
OPTIONS FOR ECONOMICS
If youre interested in studying economics, you are spoiled for choice at Monash. We have ve options for you, and each course has its own features and benets.
Bachelor of Economics Bachelor of Economics Advanced with Honours Bachelor of Business with a major in economics Bachelor of Commerce with a major in economics Bachelor of Business Administration with a major in nance and economics
Honours year Internships Double degree options Flexibility to choose major Electives in areas other than economics Extended major in Finance and economics
STUDY AT MO NASH
59
Y AS ABC&E
Business vs Commerce
There are many similarities between our Bachelor of Business and Bachelor of Commerce degrees, and both will give you a world-class education. But which course you decide to take will come down to your individual interests and goals. Both courses oer industry-based learning, double degree options, strong business skills, and an excellent mix of majors to choose from; however each has its own unique perspective and focus. The double degree combinations are also dierent for business and commerce.
BACHELOR OF BUSINESS
Focus: How individual organisations and businesses operate Campus: Cauleld and Peninsula ATAR: 80+ Maths Prerequisite: A score of 25 in any maths Teaching Mode: Lecture/tutorial Problem-based learning Majors Available: - Accounting - Banking and Finance - Business law - Business strategy - Econometrics - Economics - Human resource management Double Degree Options: - Arts - Visual arts - Health science - Journalism - International business - Management - Marketing - Marketing and communication - Psychology - Sports management
BACHELOR OF COMMERCE
Focus: The wider commercial and economic environment organisations operate in Campus: Clayton ATAR: 90+ Maths Prerequisite: A score of 25 in maths methods or specialist maths Teaching Mode: Lecture/tutorial Majors Available: - Accounting - Actuarial studies - Business modelling - Econometrics and business statistics - Economics - Finance - Financial and insurance mathematics
- International commerce - Management studies - Marketing - Philosophy and politics - Sustainability
Double Degree Options: - Aerospace engineering - Environmental (Honours) engineering - Arts (Honours) - Arts (Global) - Journalism - Biomedical science - Laws - Business information - Music systems - Science - Economics - Pharmacy - Education (Secondary) - Engineering (Honours)
Which course is right for you?

At Monash, our courses are all about exibility and choice. We give you the freedom to pick the course that's best for you - whether that's a comprehensive course that oers a range of majors and evolves as your interests develop in particular directions, or a course with a specialist focus that oers you depth in your area of interest from the start of your studies.
COURSES WITH A RANGE OF MAJORS

COURSES WITH A SPECIALIST FOCUS

Bachelor of Business (Accounting) Bachelor of Business (Banking and Finance) Bachelor of Business (Law) Bachelor of Business (Marketing) Bachelor of Business (Psychology)
Bachelor of Commerce Bachelor of Commerce Scholars Program
Bachelor of Commerce (Accounting and Finance)
Bachelor of Business Administration
Bachelor of Economics Bachelor of Economics Advanced with Honours
Bachelor of Accounting
Find out more about our courses at monash.edu/business-economics/undergraduate
62
STUDY AT MONAS H
MAJORS AND COURSE LIST COURSES

SINGLE DEGREES
Bachelor of Accounting Bachelor of Business Bachelor of Business Administration Bachelor of Business (Accounting) Bachelor of Business (Banking and Finance) Bachelor of Business (Law) Bachelor of Business (Marketing) Bachelor of Business (Psychology) Bachelor of Commerce Bachelor of Commerce (Accounting and Finance) Bachelor of Commerce Scholars Program Bachelor of Economics Bachelor of Economics Advanced with Honours
FACULTY OF BUSINESS AND ECONOMICS

VCE prerequisite requirements Typical ATAR (score to be used as a guide only) IB prerequisite requirement Typical IB score (score to be used as a guide only) Campus Length of course (years)
1 2 3 2 2 2 2 2 1 1 1 1 1
90+ 80-82 72-75 82+ 82+ 82+ 82+ 82+ 90+ 90+ 98+ 90+ 98+
1 2 3 2 2 2 2 2 1 1 1 1 1
33 30 25 30 30 30 30 30 33 33 41 33 41
CL CF, P B CF CF CF CF CF CL CL CL CL CL
3 3 3 3 3 3 3 3 3 3 3 3 4
DOUBLE DEGREES
Bachelor of Arts/Bachelor of Business Bachelor of Arts/Bachelor of Business (Accounting) Bachelor of Arts/Bachelor of Business (Banking and Finance) Bachelor of Arts/Bachelor of Business (Management) Bachelor of Arts/Bachelor of Business (Marketing) Bachelor of Arts/Bachelor of Commerce Bachelor of Arts Scholars Program/Bachelor of Commerce Scholars Program Bachelor of Arts/Bachelor of Economics Bachelor of Arts (Global)/Bachelor of Commerce Bachelor of Biomedical Science/Bachelor of Commerce Bachelor of Business/Bachelor of Visual Arts Bachelor of Business (Accounting)/Bachelor of Business (Banking and Finance) Bachelor of Business (Accounting)/Bachelor of Business (Management) Bachelor of Business (Management)/Bachelor of Business (Marketing) Bachelor of Commerce/Bachelor of Aerospace Engineering (Honours) Bachelor of Commerce/Bachelor of Business Information Systems
2 2 2 2 2 1 1 1 1 9 4 2 2 2 5 1
85-90 85-90 85-90 85-90 85-90 92-95 94 92-95 92-95 92-95 85-90 85-90 85-90 85-90 93-95 92-95
2 2 2 2 2 1 1 1 1 4 5 2 2 2 8 1
31 31 31 31 31 34 38 35 35 35 31 31 31 31 35 34
CF CF CF CF CF CL CL CL CL CL CF CF CF CF CL CL
4 4 4 4 4 4 4 4 4 4 4 4 4 4 5 4
COURSES
Bachelor of Commerce/Bachelor of Economics Bachelor of Commerce Scholars Program/Bachelor of Economics Bachelor of Commerce/Bachelor of Education (Secondary) Bachelor of Commerce/Bachelor of Engineering (Honours) Bachelor of Commerce/Bachelor of Laws Bachelor of Commerce/Bachelor of Science Bachelor of Environmental Engineering (Honours)/ Bachelor of Commerce Bachelor of Health Science/Bachelor of Business Bachelor of Journalism/Bachelor of Business Bachelor of Journalism/Bachelor of Commerce Bachelor of Music/Bachelor of Commerce Bachelor of Pharmacy/Bachelor of Commerce
VCE prerequisite requirements
Typical ATAR (score to be used as a guide only)
IB prerequisite requirement
Typical IB score (score to be used as a guide only)
Campus
Length of course (years)
1 1 1 5 8 1 5 2 2 1 7 6
92 98 90+ 93-95 98 92-95 93+ 83-87 84 93 92-95 92-95
1 1 1 8 1 1 8 2 2 1 9 10
34 40 33 35 40 33 35 31 31 35 35 35
CL CL CL CL CL CL CL CF CF CF, CL CL PV, CL
4 4 4 5-5.5^ 5.5 4 5 4 4 4 4 6
UNDERGRADUATE DIPLOMAS PATHWAY COURSES

Diploma of Tertiary Studies 2
Applicants ranked on ATAR and the Monash University Supplementary form
N/A
B, P
VCE PREREQUISITE REQUIREMENTS

1 Units 3 and 4 a study score or at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics. 2 Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematics (any). 3 Units 1 and 2 two units (any study combination) of general mathematics or mathematical methods (CAS) or Units 3 and 4 mathematics (any). Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any other English. 4 Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematics (any) and a study score of at least 30 in art or studio arts. 5 Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in mathematical methods (CAS), and a study score of at least 25 in physics or chemistry. 6 Units 3 and 4 a study score of at least 35 in English (ESL) or 30 in any other English, and a study score of at least 30 in chemistry and mathematical methods (CAS). 7 Units 3 and 4 a study score of at least 30 in English (ESL) or 25 in any other English, and a study score of at least 25 in one of mathematical methods (either) or specialist mathematics. Plus audition, interview and Information for performance audition/ composition submission form. 8 Units 3 and 4 a study score of at least 35 in English (ESL) or 30 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics. 9 Units 3 and 4 a study score of at least 35 in English (ESL) or 30 in any other English, and a study score of at least 25 in mathematical methods (CAS) or specialist mathematics and a study score 25 in chemistry.
IB PREREQUISITE REQUIREMENTS
1 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL. 2 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and A score of at least 4 in mathematics SL, or in further mathematics SL, or in mathematical studies SL; or a score of at least 3 in mathematics HL. 3 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 3 in any mathematics subject. 4 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL and 4 for Chemistry SL and 3 for Chemistry HL. 5 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and A score of at least 4 in mathematics SL, or in further mathematics SL, or in mathematical studies SL; or a score of at least 3 in mathematics HL and a score of at least 5 in Visual Arts SL or 4 in Visual Arts HL. 6 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 3 in any mathematics subject and a score of at least 5 in Visual Arts SL or 4 in Visual Arts HL. 7 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL and 4 for Chemistry SL and 3 for Chemistry HL and a score of at least 4 in physics SL or 2 in physics HL. 8 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL And 4 for Chemistry SL and 3 for Chemistry HL or a score of at least 4 in physics SL or 2 in physics HL. 9 A score of at least 4 in English SL or 3 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 4 in mathematics SL or 3 in mathematics HL or 4 in further mathematics SL. Plus audition, interview and information for performance audition/ composition submission form. 10 A score of at least 5 in English SL or 4 in English HL or 5 in English B SL or 4 in English B HL, and a score of at least 5 in mathematics SL or 4 in mathematics HL or 5 in further mathematics SL and 5 for Chemistry SL and 4 for Chemistry HL.
MAJORS
Accounting Actuarial studies Banking and nance Business law Business modelling Business strategy Econometrics Econometrics and business statistics Economics Finance Finance and economics Financial and insurance mathematics Human resource management International business International commerce Management Management studies Marketing Marketing and communication Philosophy and politics* Psychology*+ Sports management Sustainability
Bachelor of Business Administration
Bachelor of Accounting
Bachelor of Economics
Bachelor of Economics Advanced with Honours
CF
CL
CL
CL
CL
CAMPUS KEY
B CF CL PV P Berwick Cauleld Clayton Parkville Peninsula
* These majors can only be undertaken as a second major. (Your rst major must be from the Faculty of Business and Economics and be taken on your campus of enrolment).
+ There are certain requirements to meet professional accreditation as a psychologist which can impact other majors. For more information, talk to your course advisor.
^ This course may be completed in four or ve years by taking an extra unit in one or two semesters. # Indicative ATAR
The inclusion of SEAS and subject bonuses may result in applicants with an ATAR below the published ATAR score gaining course admission.
CONTACT US Local students Telephone: (03) 9903 4788 Email: future@monash.edu.au International students Telephone: (613) 9903 4788 Email: study@monash.edu VISIT US On the web monash.edu/business-economics/undergraduate In person monash.edu/openday FOLLOW US monash-business-students.blogspot.com facebook.com/Monash.University twitter.com/MonashUni youtube.com/MonashUniBuseco
Monash University reserves the right alter information, procedures, fees and regulations contained in this document. Please check Monash University website for updates (www.monash.edu.au). All information reflects the prescriptions, policy and practice in force at time of publication. Published February 2014.

An Undergraduate Business Magazine - For Aspiring Business Leaders

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

An Undergraduate Business Magazine - For Aspiring Business Leaders

Uploaded by

Copyright:

Available Formats

HANDLE WITH CARE: MONASH UNIVERSITY TAKES NO RESPONSIBILITY FOR THE POTENTIALLY LIFE-CHANGING OUTCOMES OF OPENING THIS DOCUMENT.

Are you ready to change your life? Lets get started.

 Your guide to launching a career in HR

Who needs business skills?

The power of an internship

 Our students talk about their internship experiences

6 So you want

What is actuarial studies?

 We decipher the truth about university life

12 Lets talk about

exibility and choice

Climbing the corporate ladder

 Tips to get you through your nal year of high school

 Our students talk about why they chose to study at Monash

56 Busting the jargon

Its not just a numbers game

 ve never heard I of that major

Faculty of Business and Economics course information

When 1 plus 1 doesnt equal 2

How many of these industries need people with business skills?

MONA S H U N IVE RSITY

FAC ULT Y O F BUS INE S S AN D E C ON OM I C S

SO YOU WANT A CAREER IN SPORT?

Fan Development Manager, North Melbourne Football Club

General Manager Finance & Administration, North Melbourne Football Club

Bachelor of Business/ Bachelor of Arts

Read more stories from our graduates at monash.edu/business-economics/undergraduate

Head of Human Resources, Australian Football League (AFL)

Senior Manager Finance & Business Operations, Gymnastics Australia

Bachelor of Business/ Bachelor of Arts

Bachelor of Business (Management) and Bachelor of Behavioural Neuroscience

FAC ULT Y O F BUS INE S S AN D E C ON OM I C S

SO YOU WANT A CAREER IN FASHION AND ENTERTAINMENT?

Director Strategic Planning, The Walt Disney Company

Marketing Manager Specialty Luxury Brands, LOreal Australia

Read more stories from our graduates at monash.edu/business-economics/undergraduate

Global Retail Marketing, Department Manager, Forever 21

Digital Communications Coordinator, Mimco

Marketing Coordinator Factorie and T-Bar, Cotton On Group

Bachelor of Business and Commerce

FAC ULT Y O F BUS INE S S AN D E C ON OM I C S

MONA S H U N IVE RSITY

ANATOMY OF A COMMERCE STUDENT

DEGREE BACHELOR OF COMMERCE MAJORS

DOUBLE DEGREE BACHELOR OF LAWS/ BACHELOR OF COMMERCE

Human resource management Marketing

Amici Italian Club

Sri Lankan Cultural Club

EXTRA-CURRICULAR CLUBS & SOCIETIES

Monash Dance Sport Club

Sri Lankan-Indian Club

Business and Commerce Student Society (BCSS)

Australia China Youth Association

Monash Finance Association

INTERNSHIPS LEADERSHIP PROGRAMS

Peers Ambassadors Leaders (PAL) Leadership Program

Faculty of Business and Economics Disciplinary Panel

COMMITTEES STUDY ABROAD AFTER UNI

Faculty Education Committee Monash Overseas Exchange Committee

Six months exchange in Finland at Aalto University

Four weeks exchange at London School of Economics

Graduate position with Grant Thornton

Graduate position with Mondelez International

Graduate position with UBS Investments

Your guide to launching a career in HR

Our students talk about their internship experiences

6 So you want

We decipher the truth about university life

12 Lets talk about

Tips to get you through your nal year of high school

Our students talk about why they chose to study at Monash

56 Busting the jargon

ve never heard I of that major