UNDERSTANDING THE WORLD THROUGH DATA
Why study Business Analytics? Discover how organisations turn data into usable insights, learn how to make reliable predictions and guide businesses in the best direction. What is Business Analytics? The goal of Business Analytics is to extract usable information from data. Business analytics drives innovation, transformation and competitive advantage in business, industry and government. In today’s data-rich environment, the ability to analyse data proficiently is an essential life skill, on par with numeracy and literacy. That is why Monash Business School offers units in business analytics across all programs as well as a dedicated business analytics major in our Bachelor of Commerce degree and a business analytics and statistics major in our Bachelor of Business. This area of study will teach you how to pull data from various sources – whether that is your music, a web page, financial markets information, open data websites, maps, apps or emails – and visualise and model it to learn about the world around you. Today’s business environment provides analysts with the opportunity to manage a project from start to finish: to collect data, understand it, model it and write reports. This major teaches the full pipeline of data analysis. The skills will empower you to be a quantitative citizen who uses data to make decisions for yourself and others.
As a business analytics student you will also learn about structure in data in the context of randomness, uncertainty and variation and how to harness these technologies to validate your conclusions and assess their robustness to future scenarios.
Where will it take you? Business analytics is a fast-growing field and the skills you will learn in business analytics are useful in many of the new jobs of the future. Gain employment in business, industry and government, and work across: • Education
• Human resources
Work with a range of other professionals in: • Econometrics • Business statistics • Finance • Business intelligence • Information technology • Commerce • Market research • Data warehousing
WAYS TO STUDY BUSINESS ANALYTICS At Monash Business School, you can study to become a business analyst with a comprehensive Bachelor of Commerce degree majoring in business analytics, or a Bachelor of Business majoring in business analytics and statistics.
Bachelor of Business – business analytics and statistics major
Bachelor of Business will give you broad business skills. It covers accounting, marketing, business law, management, economics, business statistics and finance. Learn what makes markets, brands and organisations function effectively. Choose a business analytics and statistics major to develop skills to understand domestic and global data, including big data. You will learn to use data analytics, computing and statistical tools.
Bachelor of Commerce – business analytics major A Bachelor of Commerce will give you analytical and conceptual skills. It covers commercial leadership, innovation and policy development. Learn to think conceptually, use data, solve problems and make informed decisions. Choose a business analytics major to develop mathematical, statistical and computing skills and learn to analyse complex data in a commercial context. You’ll learn about the structure of data, including randomness, uncertainty and variation, how to harness technologies, validate conclusions, and assess future scenarios.
MONASH BUSINESS SCHOOL
OF BUSINESS SCHOOLS GLOBALLY Only 1% of business schools in the world have triple accreditation from AACSB, EQUIS and AMBA.
2022 QS World University Rankings by subject worldwide
MONASH BUSINESS SCHOOL RANKED
IN THE WORLD FOR BUSINESS AND MANAGEMENT
CA Caulfield Campus
PE Peninsula Campus
2022 QS World University Rankings
MONASH UNIVERSITY RANKED
IN THE WORLD
CL Clayton Campus
WHY STUDY BUSINESS ANALYTICS AT MONASH BUSINESS SCHOOL?
Recognised and world-leading As the largest business school in Australia and a member of the Group of Eight, our students gain access to world-leading econometrics and business statistics academics. In fact, many of the methods and software developed by our business analytics researchers are widely used in businesses and government departments today. The core and elective units in our Bachelor of Commerce majoring in Business Analytics provide hands-on and rigorous data science experiences. You can also study theory and applied statistics units. Monash Business School ranked 35 in the world for Econometrics in the 2020 QS Subject Rankings, and achieved five stars (well above world standard) in Statistics in the Excellence in Research for Australia (ERA) Report.
Professional accreditation Gain professional recognition and the right to practise Components of your study can help you gain statistical accreditation. You can use your major in business analytics to apply for a Graduate Statistician qualification from the Statistical Society of Australia.
Integrated learning design Experience real-life work situations and apply your knowledge We work closely with employers to ensure you are prepared for the work force. As a business analytics student, you can complete Capstone units, based on integrated learning design, to experience real-life work situations to apply your knowledge.
Double degree options Double degrees with Monash Business School A double degree with Monash Business School offers you a depth of knowledge by allowing you to study two disciplines from within the Business School. Combine a Bachelor of Commerce majoring in business analytics with a Bachelor of Actuarial Science, Bachelor of Economics or a Bachelor of Finance. Or, combine a Bachelor of Business majoring in business analytics and statistics with a Bachelor of Accounting, Bachelor of Banking and Finance, Bachelor of Marketing or a Bachelor of International Business. Double degrees with other faculties A double degree with another faculty offers you a breadth of knowledge, as you study across disciplines and explore two interests. Combine a Bachelor of Commerce majoring in business analytics with a Bachelor of Arts, Biomedical Science, Computer Science, Global Studies, Information Technology, Music, or Science. A Bachelor of Commerce majoring in business analytics can also be combined with a Bachelor of Education (Honours) or Engineering (chemical, civil, electrical and computer systems, environmental, materials, mechanical, mechatronics, or software). A Bachelor of Business majoring in business analytics and statistics can be combined with a Bachelor of Arts, Design, Education, Fine Art, IT, or Media Communication.
Rankings and accreditation in Australia Monash Business School is very proud to have been awarded ‘triple accreditation’ by three global accrediting bodies. We are one of only 97 business schools in the world – and the only institution within Victoria – to have achieved this accreditation.
Global data challenges Test your skills on real-life data issues Participate in a global business analytics challenge with other business school students. Previous data challenges focused on issues such as poverty, climate change, gender equality, healthcare, technology, film reviews, airline records, and international standard test scores. The core business analytics classes also include data challenges.
Open data and software projects Work with an experienced developer Participate in the annual Google Summer of Code project to use the latest open source software and develop new business analytics methods. Students work with an experienced developer on a three-month programming project.
Work integrated learning Put your study into practice, in a workplace Choose an industry-based learning elective to spend time in a business firm or consultancy. Previous students have had practical placements with Tennis Australia, KPMG, EY, Deloitte and the four major Australian banks.
Research scholarship programs Work with leading academics on current research projects Gain extra experience in research, practise skills to further your interest in a research career, or prepare for an Honours degree. Previous research programs have focused on sport, bushfires, online behaviour, pedestrians, physics and the stock market.
Data science communities Join a community group to give your study a practical focus Gain extra experience in research, practise skills to further your interest in a research career, or prepare for an Honours degree. Previous research programs have focused on sport, bushfires, online behaviour, pedestrians, physics and the stock market.
Further study options Monash Business School is a launching pad for the leaders, innovators and CEOs of the future. Many of our most successful graduates have studied beyond their first degrees to carve out their niches, build leadership skills, change career directions or develop specialist skills for senior industry roles. While you might be eager to get out into the workforce, a year or two of postgraduate study can give you a significant competitive advantage when you ultimately set off to build a career. We offer: • Bachelor of Commerce (Honours) – Business Analytics • Graduate Certificate of Business • Graduate Diploma of Business • Graduate Diploma of Economic Analytics • Master of Business Analytics • Master of Actuarial Studies FURTHER INFORMATION
• Master of Applied Econometrics and Business Statistics • Master of Financial Mathematics
8 Click here to discover the options for undergraduate study in the field.
• Doctor of Philosophy – Business Analytics
8 The Department of Econometrics
and Business Statistics is renowned for high quality research and teaching. Click here to find out more.
Stay connected with Monash Business School The information in this brochure was correct at the time of publication (August 2022). Monash University reserves the right to alter this information should the need arise. You should always check with the relevant faculty office when considering a course. CRICOS provider: Monash University 00008C Monash College 01857J