University of Melbourne
Master of Business
- Delivery: Online
- Study Level: Postgraduate
- Duration: 18 months
- Course Type: Master's
100% online and designed to suit people with or without a business background.
Course overview
The Master of Business is for those looking to upskill their management capabilities, with or without an existing business background. This program provides broad foundations in business and economics and practical understanding of the core functional and operational areas of business activity.
Key facts
13th July, 2026
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
- Business Analytics for Decision Making
- Economics of Markets and Organisations
- 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 bachelors degree or equivalent in a similar discipline.
- A three-year undergraduate qualification and at least 50 credit points, or equivalent, of graduate study in any discipline.
- A bachelors honours degree in any discipline.
- A bachelors degree in a different discipline and at least two years of documented, relevant work experience.
- A minimum of six years documented, relevant work experience.
English Language Criteria
All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test. If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:
English language test score requirements
- IELTS: 6.5
- TOEFL: 79+
- PEARSON: 64+
- CAMBRIDGE: 176+
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
The Master of Business will provide you with critical business knowledge and applied learning opportunities necessary to enhance your career.
Career outcomes
- To be an adept influencer and decision-maker in changing and complex organisational environments.
- To engage in critical and analytical thinking to make evidence-based managerial decisions, develop solutions to organisational problems, and influence in multi-stakeholder environments.
- To integrate the human-centric and operations-centric elements of the organisation to optimise individual and organisational performance.
- To be strategically minded, an authentic manager and leader.
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)
Unless otherwise noted, the indicative total course fee shown above assumes a study load of 1 EFTSL (equivalent full-time student load) commencing semester one of the listed year, except for courses with a duration of less than 1 EFTSL.
Fees are subject to annual review by the University, with any new rates effective from the beginning of each calendar year.
A student’s fee may vary depending on:
- 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.
FEE-HELP loans are available to assist eligible full-fee paying domestic students.