Master of Business

What you will study

Students entering the Master of Business must complete 12 subjects comprising:

• Four foundation subjects
• Six discipline core subjects
• Two capstone subjects

Foundation

Students must complete four of the following core subjects:

• Accounting Analysis and Decisions
• Empirical Methods for Business
• Economics of Markets and Organisations
• Business Analytics for Decision Making
• Managerial Finance
• Value Creation Strategies

Discipline core

Students must complete six of the following subjects:

• Adaptive Leadership
• Managing Teams
• Effective Stakeholder Engagement
• Artificial Intelligence in Organisations
• Talent Management
• Customer Experience Leadership
• Managing Sustainability for Strat.Adv.

Capstone

Students must complete the following subjects:

• Strategy at the Front Line
• Managing Resources for High Performance

Entry requirements

Admissions criteria

In order to be considered for entry, applicants must have completed one of the following:

• A bachelor's degree or equivalent in a similar discipline.
• A bachelor's honours degree in any discipline.
• A three-year bachelor's degree and at least 0.5 years of graduate study in any discipline.
• A bachelor's degree in a different discipline and at least two years of documented, relevant work experience.
• A minimum of six years of documented, relevant work experience.

Meeting the published entry requirements for this course does not guarantee selection.

When assessing applications, the Selection Committee will consider your previous studies and academic performance.

English language requirements

All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including a recognised previous study taught and assessed entirely in English or an approved English language test.

Contact the university or visit its website for more information.

Recognition of Prior Learning

Prior studies may be credited towards your degree and potentially reduce the duration of your course. This is known as Advanced Standing (also known as credit or recognition of prior learning).

Suppose you have an undergraduate degree in business/commerce or a related discipline, or an undergraduate degree in any discipline with appropriate business breadth study or a business minor. In that case, you may be awarded up to 50 points of Advanced Standing.

There is a pre-approved Advanced Standing arrangement for students who complete the Graduate Certificate of Business prior to commencing this Master's. To receive maximum Advanced Standing (credit) to enter the 150-point program, you must undertake the following subjects within the Graduate Certificate of Business:

• Business Analytics for Decision-Making
• Value Creation Strategies

You must also choose the remainder of your subjects from this list:

• Accounting Analysis and Decisions
• Economics of Markets and Organisation
• Managerial Finance

Outcomes

Learning outcomes

• Embrace management. Graduate ready to function as a strategic manager and adaptable leader across a wide range of organisations.
• Professional networks. Build a strong network of professional connections within your student cohort, as well as with academic experts and industry leaders.
• High performance. Develop the skills you need to maximise individual and organisational performance.

Career outcomes

The Master of Business will help you move to the next level in your organisation, launch your own business, or explore other new and exciting opportunities. Your new knowledge will be applicable across a wide range of organisations, including:

• Corporate and consulting companies
• Not-for-profit organisations
• Education and research organisations
• Government

Fees and FEE-HELP

Indicative first-year fee in 2026: $32,000 (domestic full-fee paying place)

Indicative total course fee in 2026: $49,600 (domestic full-fee paying place)

The total course fee shown is based on a full-time study load of 150 credit points (12 subjects).

Student fees may vary in accordance with:

• The number of subjects studied per term.
• The choice of major or specialisation.
• Choice of subjects.
• Credit from previous study or work experience.
• Eligibility for government-funded loans.

You may also need to pay the student services and amenities fee.

Student fees shown are subject to change. Contact the university directly to confirm.

FEE-HELP loans are available to assist eligible full-fee paying domestic students with the cost of a university course.