Master's of Business and Economics

2 Years On Campus Masters Program

Monash University

Program Overview

The Master of Business and Economics at Monash University combines advanced business knowledge with economic analysis, preparing students to understand complex business, economic and policy issues. It suits students seeking careers that require strong analytical, strategic and decision-making skills across business, economics and related fields.

Year 1: Students build a strong foundation in business and economics through core business studies, analytical subjects and Business Economics, developing their understanding of economic decision-making and contemporary business challenges. They also strengthen professional skills through subjects covering business practice, organisational issues and global business environments.

Year 2: Students deepen their expertise through advanced Business Economics subjects and specialised electives, applying economic and business concepts to complex organisational and professional problems. The year focuses on developing strategic analysis, economic reasoning and practical decision-making skills for professional careers.

Focus Areas: Business economics, economic analysis, business strategy, quantitative analysis, decision-making, global business, professional practice.

Learning Outcomes: Apply economic and business theories to real-world problems, analyse complex business and economic information, evaluate strategic decisions, interpret economic trends, and develop evidence-based solutions.

Professional Alignment (Accreditation): The program develops business and economics knowledge and professional skills relevant to careers in business, consulting, economics, policy and management.

Reputation (Employability Rankings): Monash University is internationally recognised for its business and economics education and strong graduate employability, with its business and economics disciplines highly ranked globally.

Experiential Learning (Research, Projects, Internships etc.)

The Master of Business and Economics at Monash is designed with a strong industry focus, allowing students to apply business and economic knowledge to practical challenges. Students can strengthen their professional skills through the Monash Innovation Guarantee, where they collaborate with industry leaders to develop innovative solutions to real-world problems. The program also provides access to specialised economics and business research facilities, including experimental economics and simulated financial environments.

Industry Projects: Graduate Industry Experience units allow eligible students to undertake structured industry projects lasting 20 or 30 days, with assessment through a project plan, reflection, report and presentation.
Monash Innovation Guarantee: Students can collaborate with industry leaders to design innovative solutions addressing real social and business challenges, while developing leadership and professional connections.
MonLEE: The Monash Laboratory for Experimental Economics provides a dedicated environment for economics research and experimentation, equipped with 27 computers and a subject pool of more than 2,000 participants.
STARLab: The Simulated Teaching and Research Laboratory creates a simulated financial environment where students and researchers can bring financial concepts and textbook theory into practical settings.
Business Data Tools: Students can gain experience with R, Power BI and SQL through business data-analysis coursework, including regression, time-series analysis and predictive modelling.
Industry Databases: Monash Business School provides access to professional databases including Bloomberg, Orbis, Factiva and Eventus, supporting financial, economic and business analysis.
Business Behavioural Laboratory: The Monash Business Behavioural Laboratory (MBBL) supports research into judgement and decision-making, giving students access to specialised behavioural research facilities.

Progression & Future Opportunities

Graduates of the Master of Business and Economics can apply their combined business and economic knowledge to roles across consulting, business strategy, economic analysis and policy. The program can support careers in organisations where strong analytical, commercial and decision-making skills are valued.

Typical Job Roles: Business Analyst, Economic Analyst, Management Consultant, Policy Analyst

Career Services: Monash’s career services provide students with career advice, employability programs, job-search support, industry events and opportunities to connect with employers.
Employment & Salary: Graduates can use the university’s graduate employment and salary information to understand career outcomes and earning potential across business and economics occupations.
Industry Partnerships: Monash provides opportunities to engage with industry through employer events, professional networks, projects and industry-based learning, helping students develop practical business connections.
Professional Value: The qualification provides a strong foundation for progressing into professional business and economics roles and can support further professional development.
Graduation Outcomes: Graduates leave with transferable analytical, commercial, communication and problem-solving skills applicable across business, government and consulting environments.

Further Academic Progression: Graduates can continue to higher-level study through relevant research degrees, including a PhD, particularly if they want to pursue academic research, advanced economic analysis or university teaching.