Management Study Area Guide

MANAGEMENT Vision and leadership for people and organisations

monash.edu/business

WHY STUDY MANAGEMENT? Discover how to use management skills to improve communication, lead teams, manage projects and adapt to change, develop people, set business strategy and navigate the effects of technological change.

WHAT IS MANAGEMENT? In today’s dynamic and global business environment, management is vital to organisational success and employee wellbeing. Managers must provide vision and leadership to develop and motivate employees to work together towards sustainable organisational success.

People are an organisation’s most important asset.

Managers lead by inspiring teams to maximise their performance to achieve individual and organisational goals. A strong management team can be the difference between a business that struggles to function efficiently and one that is successful and has a great work culture.

The role of a manager varies according to their level and the industry they work in, but it typically involves providing leadership, setting business goals and objectives, finding and retaining the right staff and allocating resources.

MANAGEMENT

WHERE WILL MANAGEMENT TAKE YOU? Studying management will prepare you for a leadership role, in business or government, or the not-for-profit sector, social enterprise as a start-up entrepreneur, an executive, team leader, or small business owner.

Managers offer organisations strategic and visionary thinking, confident decision-making in difficult circumstances and can manage relationships with a wide range of stakeholders, including employees.

Many of our graduates go on to play significant roles in business management, human resource management, business administration and commerce, or establish and run their own businesses.

Gain employment in:

> Business Operations, Service and Strategy > Governance, Leadership and Organisation > Human Resource Management > Supply Chain Management > General Management Work with a range of other professionals in areas including:

> Operations and Production > Business Process Improvement and Innovation > Environmental Health and Safety > Governance and Policy Advice > Community Leadership > Industry Negotiation > Recruitment > Workplace Relations

> Staff Development > Logistics > Project Management

WHY STUDY MANAGEMENT AT MONASH BUSINESS SCHOOL? We ranked 45 in the world for Business and Management in the 2021 QS Subject Rankings, and achieved four stars (above world standard) in Business and Management in the Excellence in Research for Australia (ERA) Report.

As the largest business school in Australia and a member of the Group of Eight, our students gain access to world-leading and innovative research that pushes the boundaries of management knowledge and delivers a positive impact for our partners in Australia and overseas. One such example is the Department of Management’s research into modern slavery, supply chains and human rights.

In the Department of Management our highly skilled teaching staff offer an inclusive and engaging educational experience.

Employers are increasingly recognising communication, collaboration and team work as true performance drivers.

Integrated learning design Experience real-life work situations and apply your knowledge We work closely with employers to ensure you’re prepared for the workforce. As an undergraduate student, you can complete Capstone units, based on integrated learning design, to experience real-life work situations in which to apply your knowledge.

WAYS TO STUDY MANAGEMENT At Monash Business School, you can study business management or human resource management as part of a Bachelor of Business degree. Management practice can be studied as part of a Bachelor of Business Administration and Management studies is available as part of a Bachelor of Commerce.

Bachelor of Business – Business Management major Caulfield campus A Bachelor of Business will give you a broad business skill set.

It covers accounting, marketing, business law, management, economics, business statistics and finance. Learn what makes markets, brands and organisations function effectively.

Choose a Business Management major to tackle a range of organisational challenges, address strategic goals across different industries, improve existing processes and create business opportunities.

“As part of my degree, I’ve been able to study a range of interesting subjects. In Marketing, I’ve learnt about retail, brand management, sales and distribution and in Management; human resources and inclusion diversity. I recently worked on a project where I helped leverage an organisation’s work culture and human capital. It’s made me passionate about inclusiveness and diversity and think of more ways to foster community in my everyday life and work.

The academics at Monash facilitate very open discussions on topics, rather than repeating what textbooks say, and I think that really enhances students’ learning experience. Through flipped classrooms, problem-based learning and internships, there’s a definite focus on understanding business in a practical sense.

I’m about to learn about business strategy and events project management, and I can’t wait to get started.”

JENNY HOANG Bachelor of Business Administration majoring in Marketing and Communications and Management practice

Bachelor of Business – Human Resource Management major Caulfield campus Choose a human resource management major to cover employment law, industrial relations, workforce planning and HR strategy to help people and organisations reach their potential.

Bachelor of Business Administration – Management Practice major Peninsula campus A Bachelor of Business Administration will give you a practical business skill set. It covers accountancy, business administration, economics, finance, management and marketing. Learn how to manage, grow and improve how organisations operate.

Choose a Management Practice major to learn about management theories – including business communication, project management and professional development – and how to put them into practice.

Bachelor of Commerce – Management Studies major Clayton campus A Bachelor of Commerce will give you an analytical and conceptual skill set. It covers leadership, innovation and policy development. Learn to use data, solve problems and make informed decisions.

Choose a Management Studies major to learn how to resolve management issues, manage resources and for further knowledge of management theory, organisational behaviour and strategic management.

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 Business majoring in Business Management or human resource management with a Bachelor of Accounting, Banking and Finance, or International Business. Alternatively, you can combine a Bachelor of Commerce majoring in Management Studies with a Bachelor of Actuarial Science, Economics, or Finance.

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. You can combine a Business or Commerce degree with a number of degrees, including Arts, Law, Media Communication, Engineering or Information Technology.

You can also combine a Bachelor of Business Administration with a Bachelor of Arts or a Bachelor of Media Communication.

THE HIGHLIGHTS International study program Learn in a range of countries and environments Choose an international study program as an elective to explore how culture affects management practices.

Eligible students undertake this unit in the summer semester, complete theoretical workshops and modules during November and December, then participate in a three-week study program in Europe in January.

The program includes classes at the Monash University Centre in Prato, Italy.

Work integrated learning Put your study into practice Choose an industry-based learning elective to integrate studying and working in management.

Spend time in an industry, commerce, government, non-government or community enterprise.

Professional accreditation Gain professional recognition and in some cases, the right to practice Use your study to apply for membership with the Australian Institute of Management (AIM), or Australian Human Resources Institute (AHRI).

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 degree to carve out a niche, build leadership skills, change career direction, or develop the specialist skills for a senior industry role.

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) – Management > Graduate Certificate of Business > Graduate Diploma of Business > Master of Business (Contemporary Management, Risk Management, International Business and Supply Chain Management specialisations) > Master of Global Business > Master of Management > Master of Project Leadership > Graduate Certificate of Project Leadership > Graduate Certificate of Project Leadership > Doctor of Philosophy – Management

Find out more To learn more about Management at Monash Business School visit: monash.edu/business/future-students Stay connected with Monash Business School:

The information in this brochure was correct at the time of publication (June 2021). 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.