Master of Entrepreneurship (Enhanced) (MC-ETRENH)

Overview

Award title	Master of Entrepreneurship (Enhanced)
Year & campus	2025
CRICOS code	107115M
Fees information	Subject EFTSL, level, discipline and census date
Study level & type	Graduate Coursework
AQF level	9
Credit points	150 credit points
Duration	18 months full-time or 36 months part-time

In the Master of Entrepreneurship (Enhanced) you will learn how to develop new businesses, products, services, or processes, creating value and generating new revenue growth through entrepreneurial thought and action. This program will facilitate your career as an agent of change, either within a new venture or an established organization. Students will learn about the latest concepts, frameworks, tools and techniques to identify and successfully implement new business opportunities. During the course of the year, there will be many opportunities to interact with and learn from (corporate) entrepreneurs and put obtained knowledge, tools and skills into practice.

Master of Entrepreneurship graduates generally follow one of three career paths:

Independent venture creation path: start your own business.
Corporate innovation path: bring innovative business opportunities to established companies.
Venture capital/consulting path: Help start, grow or mature small companies

Entry requirements

1. In order to be considered for entry, applicants must have completed one of:

A bachelor degree* or equivalent in a cognate area (ie, business or economics related); or
A bachelor honours degree* or equivalent in a non-cognate area; or
A three-year undergraduate qualification* and at least 50 credit points, or equivalent, of graduate study in a non-cognate area; or
A three-year undergraduate qualification* in a non-cognate area and at least two years of documented, relevant work experience; or
A minimum of six years documented, relevant work experience; and
A personal statement (no more than 1000 words) outlining why they wish to be considered for the course; and
An interview (for shortlisted candidates only).

*Undergraduate qualification must have a University of Melbourne equivalent weighted average mark of least 65% (H3) or equivalent

Meeting these requirements does not guarantee selection.

2. In ranking applications, the Selection Committee will consider:

Prior academic and/or professional performance; and
The personal statement; and
The interview (for short-listed candidates).

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. Applicants are required to satisfy the university’s English language requirements for graduate courses. For those applicants seeking to meet these requirements by one of the standard tests approved by the Academic Board, performance band 7.0 is required.

Note:

Applicants who have completed the Graduate Certificate in Entrepreneurship or graduate course work in the field of entrepreneurship and innovation may be awarded up to 50 points of credit.
Students who discontinue from the Master of Entrepreneurship (Enhanced) but have successfully completed the requirements of the Graduate Certificate in Entrepreneurship will be eligible to receive the Graduate Certificate in Entrepreneurship as an exit award.

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook. Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Intended learning outcomes

On completion of this course, graduates should be able to:

Learning Outcome 1: Graduates of this degree will be adept at creating, analysing and evaluating entrepreneurial ventures.

Describe, explain, and apply the body of knowledge including lean start-up, the commercialisation process, brand building and tests of innovation for new ventures of different types
Identify and apply methods for researching entrepreneurship related problems
Evaluate the impact of a range of social, cultural and environmental factors on enterprises and the market.

Learning Outcome 2: Graduates of this degree will be creative, critical and design thinkers in relation to entrepreneurial practice and in developing evidence-based solutions to problems in enterprises

Explain and critically analyse how to launch and develop new start-ups from ideation, formulation, specification and execution using design thinking methodology
Identify strategic issues and solutions in relation to growth and pathways to market for enterprises
Apply knowledge of theory to analyse problems in different markets nationally and globally
Demonstrate creativity in the application of knowledge to problem solving and entrepreneurial practice.

Learning Outcome 3: Graduates of this degree will be effective and ethical decision makers of entrepreneurial enterprises.

Apply basic data analytic and/or statistical techniques to analyses enterprise decisions
Develop and apply ethical frameworks for decision-making
Apply governance strategies to create sustainable enterprises
Utilise a range of tools of analysis relevant to the evaluation of business planning, pitching, financing, leading and growing enterprises, as well as product and market fit
Use evidence-based research techniques to support and evaluate decisions
Execute a pop-up enterprise requiring research, validation and business processes evaluation
Apply knowledge of entrepreneurship discipline to create a viable entrepreneurial venture.

Learning Outcome 4: Graduates of this degree will be competent in professional knowledge and skills in the entrepreneurship discipline in preparation for an entrepreneurial career.

Demonstrate networking and collaboration skills
Demonstrate an understanding of the requirements to be a successful entrepreneur including self-awareness, creativity, reflective practice, and strategies to motivate and lead others and to manage change
Demonstrate the capacity to successfully work independently with personal accountability
Appraise recent developments in the entrepreneurship discipline.

Generic skills

Appraisal of state-of-the-art theories, principles, and techniques
Critical evaluation of evidence in support of an argument or proposition
Problem solving and creativity through the creative application of appropriate theories, principles, techniques, and data
Written and oral communication of ideas, theories and solutions to peers and the wider community
Ability to synthesize ideas, theories and data in developing opportunities and solving problems
Ethical practice through knowledge of ethical decision making and knowledge of best practice
Research skills including the retrieval and application of information from a variety of sources
Demonstrate a capacity to successfully engage in collaborative activities such as group-based work and activities
Demonstrate self-awareness and reflective practice
Demonstrate a capacity to embrace uncertainty and flexibility
Interpret and effectively communicate research results, both orally and in written form, to specialist and non-specialist audiences.

Graduate attributes

On successful completion of this degree graduates will be:

Adept at analysis and evaluation of social and business problems to enable evidence-based enterprise decision making
Proficient in professional knowledge and skills in entrepreneurial practices
Skilled at identifying and implementing entrepreneurial business opportunities in a simulated real-life environment
Competent at analysing and evaluating information to enable evidenced-based entrepreneurial practice
Ethical problem solvers in enterprise creation through the application of appropriate concepts, principles and data
Strategic and critical thinkers in relation to enterprise growth and pathways to market
Effective communicators of entrepreneurship concepts to peers and the wider community
Able to conduct basic market research and to retrieve information from a variety of sources
Able to collaborate to initiate and implement entrepreneurial ventures.

Course structure

The Master of Entrepreneurship (Enhanced) is a 150 point program comprised of:

4 compulsory foundation subjects, 50pts
4 compulsory core subjects, 50pts
3 constrained elective subjects (capstone pathway), 37.5pts
1 elective subject from the approved elective options, 12.5pts

Semester 1

Students must complete the following four compulsory foundation subjects. All foundation subjects must be completed before progressing to core and elective subjects.

Code	Name	Study period	Credit Points
MGMT90201	Entrepreneurial Practice	Semester 2 (On Campus - Parkville)	12.5
MGMT90227	Entrepreneurial Organisation	Semester 2 (On Campus - Parkville)	12.5
MGMT90030	Managing Innovation	Semester 2 (On Campus - Parkville)	12.5
BUSA90529	Building Entrepreneurial Ventures	Not available in 2025	12.5

Semester 2

Students must complete the following two compulsory core subjects and then choose a capstone pathway:

Code	Name	Study period	Credit Points
MGMT90225	Business Model Innovation	Semester 1 (On Campus - Parkville)	12.5
FNCE90089	Seminars in Entrepreneurial Finance	Semester 1 (On Campus - Parkville)	12.5

AND

New Venture Creation Pathway

Code	Name	Study period	Credit Points
MKTG90025	Marketing for Entrepreneurs	Semester 1 (On Campus - Parkville)	12.5
MGMT90230	New Venture Creation: Initiation	Semester 1 (On Campus - Parkville)	12.5

OR

Corporate Entrepreneurship Pathway

Code	Name	Study period	Credit Points
MKTG90002	New Product Development	Semester 1 (On Campus - Parkville)	12.5

Code	Name	Study period	Credit Points
MGMT90285	Intrapreneurship: Initiation	Not available in 2025	12.5

Semester 3

Students must complete the following two compulsory core subjects, a capstone pathway subject and an elective from the constrained choice:

Code	Name	Study period	Credit Points
MGMT90228	Managing Growth	Semester 2 (On Campus - Parkville)	12.5
MGMT90229	Entrepreneur Within	Semester 2 (On Campus - Parkville)	12.5