Master of Business - Economics, Finance and Marketing (By Research)

2 Years On Campus Masters Program

RMIT University

Program Overview

The Master of Business - Economics, Finance and Marketing (By Research) at RMIT University is designed for students who are eager to delve into advanced research while gaining a comprehensive understanding of the interconnected fields of economics, finance, and marketing. This program is ideal for those looking to enhance their analytical skills and apply theoretical knowledge to real-world business challenges.

Curriculum Structure:

Year 1: Students undertake research methodology and research design coursework, develop research questions and proposals, complete research integrity and ethics training, and begin specialised research in economics, finance or marketing under two supervisors.

Year 2: Students undertake advanced independent research and complete a substantial thesis or research project, applying appropriate research methods to investigate and analyse complex problems and communicate findings to academic and professional audiences.

Focus Areas: Economics, Finance, Marketing, Research Methodology

Learning Outcomes: Advanced research skills, Critical analysis of economic and financial data, Strategic marketing insights

Professional Alignment (Accreditation): The program is aligned with industry standards and is recognized by relevant professional bodies, ensuring that graduates are well-prepared for the workforce.

Reputation (Employability Rankings): RMIT University consistently ranks highly in employability, with QS World University Rankings placing it among the top institutions for graduate employment.

Experiential Learning (Research, Projects, Internships etc.)

At RMIT University, the Master of Business - Economics, Finance and Marketing (By Research) program is designed to provide students with a rich blend of theoretical knowledge and practical skills. This program emphasizes experiential learning, allowing you to engage with real-world challenges and apply your research in meaningful ways. You'll have access to state-of-the-art facilities and resources that enhance your learning experience and prepare you for a successful career in business.

Here are some of the key experiential learning opportunities and resources available to you:

- Research Institutes: Collaborate with RMIT's various research institutes, such as the RMIT Business Research Institute, where you can work on cutting-edge projects and gain insights from industry experts.
- Access to Software: Utilize industry-standard software tools like STATA, SPSS, and MATLAB for data analysis and financial modeling, ensuring you are well-equipped for the demands of the business world.
- Group Projects: Engage in collaborative group projects that simulate real business scenarios, fostering teamwork and enhancing your problem-solving skills.
- Internship Opportunities: Take advantage of internship placements that provide hands-on experience in leading organizations, allowing you to apply your research in practical settings.
- Field Trips: Participate in field trips to local businesses and financial institutions, giving you firsthand exposure to industry practices and networking opportunities.
- Dedicated Research Facilities: Access specialized laboratories and research spaces designed for business research, equipped with the latest technology to support your studies.
- Library Resources: Benefit from RMIT's extensive library resources, including access to a vast collection of academic journals, databases, and business publications to support your research.
- Networking Events: Attend workshops, seminars, and networking events that connect you with industry professionals and fellow researchers, enhancing your professional development.

Progression & Future Opportunities

Graduating with a Master of Business - Economics, Finance and Marketing (By Research) from RMIT University opens up a world of opportunities. You’ll be well-prepared for roles such as Economic Analyst, Financial Consultant, and Marketing Research Manager, all of which are in high demand across various industries. This program equips you with the skills and knowledge to excel in these positions:

- University Services: RMIT offers dedicated career services, including resume workshops, interview preparation, and networking events with industry professionals, ensuring you are job-ready upon graduation.
- Employment Stats and Salary Figures: Graduates from RMIT's business programs have a strong employment rate, with many securing roles within six months of graduation. The average starting salary for graduates in this field is competitive, often exceeding $70,000 annually.
- University–Industry Partnerships: RMIT has established partnerships with leading organizations such as Deloitte, ANZ, and the Australian Bureau of Statistics, providing students with valuable internship opportunities and real-world project experience.
- Long-term Accreditation Value: The program is accredited by professional bodies such as CPA Australia and the Chartered Financial Analyst (CFA) Institute, enhancing your qualifications and employability in the global market.
- Graduation Outcomes: RMIT graduates are known for their practical skills and innovative thinking, making them highly sought after by employers in various sectors.

Further Academic Progression: After completing this master's program, you may choose to pursue a PhD in Business or a related field, allowing you to delve deeper into research and contribute to academic knowledge. This path can lead to opportunities in academia, advanced research positions, or specialized roles in industry. Additionally, you could explore professional certifications that further enhance your expertise and career prospects.

Additional Information & Requirements

A four-year full-time Bachelor’s degree with Honours in a relevant discipline, including a research component (thesis, research project, or research methodology) equivalent to at least 25% of one full-time academic year, with at least a Credit average (60% or higher) in the final year.
Applicants may also be considered based on appropriate academic qualifications and/or relevant experience demonstrating sufficient knowledge of the field (or a cognate field) and research potential to undertake the proposed program.
Research Proposal Requirement: Applicants must submit a 2–5 page substantive research proposal covering the title/topic, research questions and existing literature, significance and impact, methodology/research tasks, and any specific resources, facilities, fieldwork or equipment required for the proposed research.
IELTS (Academic): minimum overall band of 6.5 (with no individual band below 6.0)
TOEFL (Internet Based Test - IBT) for Australia: minimum overall score of 79 (with minimum of 13 in Reading, 12 in Listening, 18 in Speaking and 21 in Writing)
Research Training Scheme (RTS): Australian citizens, Australian permanent residents, and New Zealand citizens may be eligible for an RTS place, with tuition fees fully funded by the Commonwealth Government and a full exemption from tuition fees.
Campus location: Melbourne City Campus, Melbourne, Victoria, Australia.