Master of Business

2 Year On Campus Masters Program

Monash University

Program Overview

The Master of Business (B6005) at Monash University is a flexible, industry-focused program designed for recent graduates and professionals who want to build broad business expertise or specialise in areas such as marketing, finance, management, entrepreneurship, analytics or international business. Students combine business theory with practical and professional development, with the option to tailor their studies through a specialisation and electives.

Curriculum Structure

The program can be completed in 1, 1.5 or 2 years, depending on prior qualifications, and is organised into advanced preparatory, core, specialist and elective studies. The following describes the 2-year/96-credit-point pathway; students entering with advanced standing complete fewer units.

Year 1: Students begin by developing a foundation across major business disciplines through the advanced preparatory studies, with subjects such as Managerial Economics (ECF5927), which develops economic and strategic decision-making skills, and Business Statistics (ETX5900), which introduces statistical analysis, regression and forecasting for business problems. Depending on their chosen pathway, students may also study Accounting for Business (ACX5903) or Marketing Management: Theory and Practice (MKF5955), building practical knowledge of financial information, management accounting or strategic marketing.

Year 2: Students move into core and specialist studies, developing advanced knowledge within their chosen business area while applying it to complex organisational and global challenges. They can pursue specialisations such as Contemporary Management, Data Analytics for Business, Entrepreneurship, Financial and Risk Management, International Business, Marketing, Project Management or Supply Chain Management, alongside Level 5 business and economics electives and professional/industry experience opportunities.

Focus areas

Business economics, contemporary management, data analytics, entrepreneurship, financial and risk management, international business, marketing, project management, responsible business governance, strategic communications, supply chain management and sustainable business.

Learning outcomes

Graduates develop critical and creative problem-solving, business research and communication skills; cross-cultural competence and ethical awareness; work-ready technical and professional capabilities; and the ability to develop innovative, multidisciplinary solutions to complex business challenges.

Professional alignment (accreditation)

The Monash Business School holds Triple Accreditation from AACSB, EQUIS and AMBA, placing it among a small group of globally accredited business schools; Monash states that only 129 business schools worldwide currently hold all three accreditations.

Reputation (employability rankings)

Monash University is ranked #31 globally in the QS World University Rankings 2027, its highest-ever position. For business specifically, Monash Business School is ranked =57 globally and 4th in Australia for Business and Management Studies in the QS Subject Rankings 2026; it is also ranked 58th globally and 4th in Australia for Business and Economics by Times Higher Education 2026.

Experiential Learning (Research, Projects, Internships etc.)

The Master of Business (B6005) at Monash University integrates professional development and business practice into the degree, allowing students to apply classroom knowledge to real organisational challenges. Students can use elective space for industry experience units, including graduate placements and consulting projects, while the Monash Business School also provides specialised research and teaching facilities for business-related studies.

Key practical opportunities and resources include:

Graduate industry placements: Students can take BEX5001 (6 CP), BEX5012 (12 CP) and other approved industry-experience units, involving placements ranging from 105 to 210 hours.
Industry consulting projects: Graduate students can undertake BEX5006 (6 CP/20 days) or BEX5112 (12 CP/30 days), working in teams with industry partners to solve real business problems and produce reports and presentations.
Team-based projects: Consulting projects involve teams of up to five students from different business specialisations, supported by an academic supervisor while working directly with the host organisation.
Monash Innovation Guarantee (MIG): Eligible students can use the Monash Innovation Guarantee as a 6-credit-point elective, collaborating with industry leaders to develop innovative solutions addressing real social challenges.
Industry placements: Placements may be self-sourced or arranged through Monash, and can take place with organisations locally, interstate or overseas; approved graduate placements can run from 15 days to 12 weeks.
Monash Business Behavioural Laboratory (MBBL): The Business School has specialised research facilities including Tobii Pro Spectrum eye-tracking systems, computers for big-data analysis, and laboratories equipped for behavioural experiments, online collaboration and workshops.
Digital and research tools: The MBBL provides dedicated hardware and software for behavioural research and data collection, including eye-tracking technology and high-precision analysis computers.

Progression & Future Opportunities

Graduates of the Master of Business (B6005) can apply their broad business knowledge and chosen specialisation to roles across management, consulting, analytics, marketing, finance and business development. The program’s industry placements, consulting opportunities and Monash Business School’s employer connections can help students build professional experience alongside their qualification.

Typical career paths include Business Analyst, Business Development Manager, Management Consultant, Marketing Manager and Project Manager. These roles can span private companies, government organisations, consulting firms and not-for-profit organisations.

Key career advantages include:

Career and employability support: Monash provides resume and application support, career coaching, job portals, career check-ins and graduate placement programs through its Careers and Employability services and Business School Graduate Development team.
Industry placements: Eligible postgraduate students can undertake credited placements of 15 or 30 days through units such as BEX5001 and BEX5012; placements may be sourced by Monash or arranged by students and can be local, interstate or overseas.
Industry partnerships: Monash Business School works with businesses through industry placements, consulting projects, research collaborations and corporate education, creating opportunities for students to engage with real organisations and potential employers.
Employment outcomes: The latest national QILT Graduate Outcomes Survey reports that postgraduate coursework graduates in Business and Management had a median full-time salary of AUD 74,000 in the available national data; outcomes vary by occupation, experience, citizenship and specialisation.
Professional network: Graduates gain access to Monash's alumni community and career resources, including Monash Talent, which provides employment opportunities and networking support.
Long-term value: The degree is backed by Monash Business School's international industry and institutional partnerships, including the Warwick Monash Alliance, which has generated 100+ joint research projects and 1,000+ student mobility exchanges.

Further Academic Progression:
After completing the Master of Business, graduates interested in research can progress towards a research master's or PhD, subject to meeting the relevant admission requirements. Monash Business School offers PhD pathways in areas including Accounting, Banking and Finance, Economics, Econometrics and Business Statistics, Management and Marketing; students seeking research careers may also consider Monash's graduate research pathway options.