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Master of International Business (MC-IB)
Masters (Coursework)Year: 2023 Delivered: On Campus (Parkville)
About this course
- Overview
- Entry and participation requirements
- Attributes, outcomes and skills
- Course structure
- Majors, minors and specialisations
- Notes
Contact
Program Directors:
Semester 1: A/Prof. Andre Sammartino samma@unimelb.edu.au
Semester 2: Prof. Hari Bapuji hari.bapuji@unimelb.edu.au
Overview
Award title | Master of International Business |
---|---|
Year & campus | 2023 — Parkville |
CRICOS code | 080608E |
Fees information | Subject EFTSL, level, discipline and census date |
Study level & type | Graduate Coursework |
AQF level | 9 |
Credit points | 200 credit points |
Duration | 24 months full-time or 48 months part-time |
The Master of International Business is designed for graduates seeking to work effectively across borders. The course aims to build competencies in strategic thinking about global operations. The challenges in key functional areas are explored, with the aim to build skills in working and managing in international teams, navigating global supply chains, and building international advantages. The course emphasises the Asia-Pacific region and pursues a cross disciplinary approach to analysing and solving complex problems.
Entry requirements
1. In order to be considered for entry, applicants must have completed:
- an undergraduate degree in any discipline, or equivalent; and
- a personal statement outlining why they wish to be considered for the course.
2. In ranking applications, the Selection Committee will consider:
- prior academic performance; and
- the personal statement.
3. The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Academic Board rules on the use of selection instruments.
4. The minimum English language requirements for this course are Band 6.5.
Notes:
- Applicants with an undergraduate degree in a business/commerce or related discipline may be awarded up to 50 points of credit.
- Students who discontinue from the Master of International Business but have successfully completed the requirements of the Graduate Certificate in International Business or the Graduate Diploma in International Business will be eligible to receive the Graduate Certificate in International Business or the Graduate Diploma in International Business, respectively, as an exit award. (The Certificate and the Diploma are only available as exit awards.)
Guaranteed Pathway
For those applicants with an undergraduate degree in any discipline who are assessed as not meeting the University of Melbourne WAM-equivalent requirement for entry into the Master of International Business, a place in the Graduate Certificate in Business may be offered. Successful completion of the Graduate Certificate with a minimum average WAM of 65, and no failed subjects, provides a guaranteed pathway into the 200-point Master of International Business. Advanced Standing for subjects completed in the Graduate Certificate in Business will be provided where subjects undertaken align with equivalent foundation subjects to be completed as part of this degree.
Inherent requirements (core participation requirements)
Inherent requirements are the abilities, knowledge and skills needed to complete this course that must be met by all students. For information on the inherent requirements specific to this course contact the course/program coordinator. In some circumstances reasonable adjustments may be available to enable students to meet these requirements while still preserving the academic integrity of the university's learning, assessment and accreditation processes. For more information on how to seek these adjustments refer to the Student Equity and Disability Support website: https://services.unimelb.edu.au/student-equity/home
Intended learning outcomes
1. Learning Goal
Graduates of this degree will be able to generate and analyse data relevant for strategic management decisions in the area of international business.
Learning objectives to achieve this goal
On successful completion of this degree students will be able to:
- Describe, explain and apply the body of knowledge, including recent developments guiding strategic management
- Identify the various sources of sustained competitive advantage of firms engaged in international business
- Evaluate the impact of cultural, political and environmental factors on decision making in international business
2. Learning Goal
Graduates of this degree will be cognisant of the fundamental differences between doing business across borders and operating in a home market environment.
Learning objectives to achieve this goal
On successful completion of this degree students will be able to:
- Identify and explain how foreign markets, institutions and cultures differ from one another
- Identify and explain how policies related to trade, investment, intellectual property, and labour and environmental standards imposed by nation states and supra-national bodies impact on international business
- Understand and communicate the contested nature of globalization
- Understand and moderate the impact of cultural differences in the operation of international business
3. Learning Goal
Graduates of this degree will be effective decision makers in international business and the related public policy domain.
Learning objectives to achieve this goal
On successful completion of this degree students will be able to:
- Apply ethical principles and corporate governance strategies relevant to international business
- Evaluate the applicability of various theories and techniques to international business issues
- Use evidence based research techniques to support and communicate decisions
- Employ a range of tools of analysis' pertinent to the evaluation of evidence in international business sector
- Demonstrate a capacity to successfully work independently with personal accountability
- Execute a project requiring research of real-world application
4. Learning Goal
Graduates of this degree will be critical thinkers in the field of international business and adept in developing solutions to problems.
Learning objectives to achieve this goal
On successful completion of this degree students will be able to:
- Explain and critically analyse factors that influence decision making within international firms and in their home and host countries
- Apply knowledge of theory to analyse case-based and hypothetical problems in a variety of domestic and international markets
- Identify issues and solutions in relation to the internationalization strategies of firms
5. Learning Goal
Graduates of this degree will be knowledgeable in the core areas of international business/international management and possess the capabilities to manage a range of functions within those organisations effectively.
Learning objectives to achieve this goal
On successful completion of this degree students will be able to:
- Describe the core areas of international management and the related management principles, theories and models
- Demonstrate creativity and initiative in the application of knowledge to problem solving and innovation
- Analyse and evaluate the key competencies needed to become a successful international manager including strategic management, human resource management, marketing and other functional disciplines
- Critically analyse international organisation's problems and apply relevant models and theories to generate effective and creative solutions
Generic skills
On successful completion of this program, students should have enhanced their skills in:
- Critical evaluation of evidence in support of an argument or proposition;
- Problem solving in international business/international management through the application of appropriate management theories, principles and data;
- Communication of business and management ideas, theories and solutions to peers and the wider community;
- Ability to synthesize ideas, theories and data in developing solutions to business and managerial problems;
- Ethical practice through a knowledge of corporate governance processes and implementation;
- Retrieval of relevant information from a variety of sources;
- Engagement in collaborative activities such as group based work; and
- Interpretation and communication of research results and recommendations to specialist and non-specialist audiences.
Graduate attributes
On successful completion of this course, students will be:
- Able to generate and analyse data relevant for strategic management decisions in the area of international business;
- Cognisant of the fundamental differences between doing business across borders and operating in a home market environment;
- Effective decision makers in international business and the related public policy domain;
- Critical thinkers in the field of international business and adept in developing solutions to problems;
- Knowledgeable in the core areas of international business/international management and possess the capabilities to manage a range of functions within those organisations effectively;
- Critical evaluation of evidence in support of an argument or proposition;
- Problem solvers in international business/international management through the application of appropriate management theories, principles and data;
- Effective communicators of business and management ideas, theories and solutions to peers and the wider community;
- Able to synthesize ideas, theories and data in developing solutions to business and managerial problems;
- Ethical in their practice through a knowledge of corporate governance processes and implementation;
- Adept at retrieval of relevant information from a variety of sources; and
- Effective team members through participation in collaborative exercises in class room discussion and written assessment.
Course structure
The Master of International Business has two entry point programs: 200-point (two years full-time/up to four years part-time) and 150-point (one and a half years full-time/up to three years part-time) programs.
Course information
- Students entering Master of International Business with 50 credit points of advanced standing will enrol in the 150-point program of the course.
- Students should visit the 200-point and 150-point program pages for viewing respective course rules and subjects.
Majors, minors & specialisations
Name | Credit Points |
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200pt Program | 200 |
150pt Program | 150 |
Graduates of the Master of International Business can progress to an advanced Master’s program with a research component if they wish to seek admission to a PhD.
Duration
Part-time, full-time and accelerated study plan options:
The 200 point study plan can be completed in 18 to 24 months of full-time study.
- Full-time students take four subjects per standard semester for four semesters (approximately 2 years) and may opt to take additional subjects in summer and winter semesters to reduce the duration of their program.
- Part-time students usually enrol in one or two subjects per semester.
The 150 point study plan can be completed in 12 to 18 months of full-time study.
- Full-time students take four subjects per standard semester for three semesters (approximately 1.5 years) and may opt to take additional subjects in summer and winter semesters to reduce the duration of their program.
- Part-time students usually enrol in one or two subjects per semester.
Graduate Certificate in International Business
Students enrolled in the Master of International Business program who are either unable, or who choose not to continue with their studies, may be eligible to exit with a Graduate Certificate in International Business.
- Master of International Business students enrolled in the 200 point program who wish to exit with the Graduate Certificate must complete 100 points of Master of International Business subjects (50 points of which must be core subjects).
- Master of International Business students with cognate backgrounds who are following the 150 point study plan and wish to exit with the Graduate Certificate must complete 50 points of Master of International Business subjects (25 points of which must be core subjects).
Graduate Diploma in International Business
Students enrolled in the Master of International Business program who are either unable, or who choose not to continue with their studies, may be eligible to exit with a Graduate Diploma in International Business.
- Master of International Business students enrolled in the 200 point program who wish to exit with the Graduate Diploma must complete 150 points of Master of International Business subjects (75 points of which must be core subjects).
- Master of International Business students with cognate backgrounds who are following the 150 point study plan and wish to exit with the Graduate Diploma must complete 100 points of Master of International Business subjects (50 points of which must be core subjects).
Master of International Relations (MC-IR)
Students who have completed the Master of International Relations (MIR) program in the Faculty of Arts with a WAM (weighted average mark) of 70% will be eligible to enrol into and receive up to 100 points of credit towards the Master of International Business (MIB) program in the Faculty of Business and Economics. Upon successful completion of 100 points of specified subjects from the MIB program**, MIR students will be awarded the MIB degree. **MIR students will need to complete 100 points of MIB subjects, comprised of the following subjects:
MIR applicants are required to choose the core subject they want credit for between:
Option 1: MGMT90140 Management Competencies
Option 2: MGMT90038 Global Corporate Governance
Option 1
If MIR students request credit for Management Competencies, they must complete the following MIB subjects:
Core
MGMT90280 Managerial Decision Analytics
IBUS90003 The Multinational
IBUS90004 Cross Cultural Management and Teamwork
and three of:
MGMT90038 Global Corporate Governance
IBUS90002 Managing in Asia
MGMT90146 Strategic Management
IBUS90008 Global Value Chains
Capstones
IBUS90001 Global Strategy
and one of:
MGMT90148 Consulting Fundamentals
BUSA90485 Global Business Practicum
BUSA90473 Business Practicum
BUSA90525 Business and Economics Internship
ENGR90039 Creating Innovative Professionals
Option 2
If MIR students request credit for Global Corporate Governance, they must complete the following MIB subjects:
Core
MGMT90280 Managerial Decision Analytics
MGMT90140 Management Competencies
IBUS90003 The Multinational
IBUS90004 Cross Cultural Management and Teamwork
and two of:
IBUS90002 Managing in Asia
MGMT90146 Strategic Management
IBUS90008 Global Value Chains
Capstones
IBUS90001 Global Strategy
and one of
MGMT90148 Consulting Fundamentals
BUSA90485 Global Business Practicum
BUSA90473 Business Practicum
BUSA90525 Business and Economics Internship
ENGR90039 Creating Innovative Professionals
Students who have completed any of the required MIB subjects specified above as part of the MIR may be eligible for non-credit exemptions and would undertake alternative subjects from the Faculty of Business and Economics.
Last updated: 19 April 2024