Master of International Business

• Describe, explain and apply the fundamental principles of strategic management;
• Identify the various sources of sustained competitive advantage of firms engaged in international business; and
• Evaluate the impact of cultural, political and environmental factors on decision making in international business.

• Identify how foreign markets, institutions and cultures differ from one another;
• Identify how policies related to trade, investment, intellectual property, and labor and environmental standards imposed by nation states and supra-national bodies impact on international business;
• Understand and moderate the impact cultural differences in the operation of international business; and
• Understand the contested nature of globalization.

• Apply ethical principles and corporate governance strategies relevant to international business;
• Evaluate the applicability of various theories and techniques to international business issues;
• Employ a range of tools of analysis’ pertinent to the evaluation of evidence in international business sector; and
• Use evidence based research techniques to support decisions.

• Explain and critically analyse factors that influence decision making within international firms and in their home and host countries;
• Identify issues and solutions in relation to the internationalization strategies of firms; and
• Apply knowledge of theory to analyse case-based and hypothetical problems in a variety of domestic and international markets.

• Describe the core areas of international management and the related management principles, theories and models;
• Analyse and evaluate the key competencies needed to become a successful international manager including strategic management, human resource management, marketing and other functional disciplines; and
• Critically analyse international organisation’s problems and apply relevant models and theories to generate effective solutions.

Four foundation subjects:

Six international business core subjects:

Six elective subjects selected from the following streams:

All language subjects offered by the Asia Institute and the School of Languages and Linguistics

Graduate level subjects from the Faculty of Law (subject to availability and MIB students meeting Melbourne Law School pre-requisites), such as:

1. The Selection Committee will evaluate the applicant’s ability to pursue successfully the course using the following criteria:

• An undergraduate degree in any discipline, or equivalent, plus at least two years of documented relevant work and/or professional experience;
• The applicant’s submitted statement of intent in seeking entry; and
• Performance on the GMAT unless the applicant has met one of the approved conditions for GMAT exemption.

2. The Selection Committee may conduct internviews and tests and may call for referee reports of employer references to elucidate any of the matters referred to above.

The Faculty of Business and Economics welcomes applications from students with disabilities. It is University and Faculty policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student’s participation in the Faculty’s programs.

The BCom and Masters degrees of the Faculty of Business and Economics equip graduates with the knowledge and technical skills necessary to understand and participate in the modern business world. The degrees include the following academic requirements for study:

(1) The ability to explain and evaluate concepts, theories, institutional arrangements and operations of modern mixed economies;
(2) The ability to critically evaluate the economy, commerce and business in the broader social and political context;
(3) The ability to explain and apply concepts across a range of commerce and business disciplines in solving business and policy problems; and
(4) The ability to contribute positively to the development of organisations and society in relation to business, government and the commercial professions.

All students of the Faculty’s courses must possess intellectual, ethical, and emotional capabilities required to participate in the full curriculum and to achieve the levels of competence required by the Faculty. Candidates for the BCom degree and for FBE Masters degrees must have abilities and skills in communication; in conceptual, integrative, and quantitative dimensions; and in behavioural and social dimensions.

I. Communication: The student must be able to communicate effectively and efficiently in oral and/or written form. A student must have the ability to clearly and independently communicate knowledge and application of a discipline, principles or practices during assessment tasks, and in some discipline streams.

II. Intellectual‐Conceptual, Integrative and Quantitative Abilities: The student is expected to have the ability to develop problem‐solving skills and demonstrate the ability to establish study plans and priorities. These abilities include measurement, calculation, reasoning, analysis, and synthesis. Problem solving requires all of these intellectual abilities. Students should also have the ability to comprehend complex disciplinary and cross disciplinary information related to the BCom and Masters degrees.

III. Behavioural and Social Attributes: A student must possess behavioural and social attributes that enable them to participate in a complex learning environment and the emotional health required for full utilisation of his/her intellectual abilities. Students are required to take responsibility for their own participation and learning. They also contribute to the learning of other students in collaborative learning environments, demonstrating interpersonal skills and an understanding of the needs of other students. Assessment may include the outcomes of tasks completed in collaboration with other students. Integrity, concern for others, interpersonal skills, interest, and motivation are all personal qualities that are deemed necessary for students enrolled in FBE courses.

Students who feel their disability will prevent them from participating in tasks involving the inherent academic requirements of the BCom and FBE Masters courses are encouraged to contact the Disability Liaison Unit. Adjustments can be provided to minimise the impact of a disability, but students should participate in the course in an independent manner.

• 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.

• 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; and
• Teamwork through collaborative exercises in class room discussion.

Please note: The Master of International Business 324 BL is no longer available for entry. The new course code for this program is 324 BA.

Duration

A full-time student should complete the course in four consecutive semesters. A part-time student should complete the course in eight consecutive semesters.

Postgraduate Diploma in International Business

Students enrolled in the MIB must complete eight subjects, including a minimum of four subjects drawn from the MIB core list, to be eligible to exit the program with a Postgraduate Diploma in International Business.

Please note the majority of classes are held after 6.00pm.