MBA Degrees Online

By invitation and application, students prior to the Spring semester of their Junior year are selected for an honors program of participation, research, and presentation on contemporary management and economic policy issues. This program involves a sequence of one-credit courses offered each of the student’s last three semesters at Monmouth.

Accreditation Information :
Pre Requisite Courses :
Qualifying Exams :

Tution Fees :
Financial Aid / Scholarship Offered :
Courses :

The following courses are required for a minor in Business Administration:

ACCT 213 and 214;

BUSI 105 and 211; ECON 200;

and two courses chosen from BUSI 305, 306, or 307.

BUSI 105. The Evolution of Commerce. An introduction to business. An analysis of the creation and development of the institutions within which commercial activities occur. A focus on why and how these institutions change and yet fulfill the same functions over time. Includes a review of US economic history. Also examines the development of at least one industry over time with an emphasis on the events that determined the current industry structure and phenomena often encountered in business life. (Three credits.)

BUSI 211. Quantitative Methods I. An introduction to decision analysis using spreadsheets and data management techniques, data analysis, and hypothesis testing of multivariate data through inferential statistics. Prerequisite: MATH 106. (Two credits.)

BUSI 212. Quantitative Methods II. An introduction to design analysis using probabilistic and classical operations research techniques and through survey design and testing. Prerequisite: MATH 106. (Two credits.)

BUSI 218. Business Writing. Fundamentals of business writing and application to professional business writing tasks. Assignments replicate typical business cases and situations, including a report compiling, interpreting and documenting research. Prerequisite: BUSI 105 and ECON 200. (Two credits.)

BUSI 250. Special Topics. (One to three credits.) May be repeated.

BUSI 290. International Business Practicum*~*There is a international travel requirement for this course. Students can satisfy this requirement by completing an approved study abroad experience or completion of Business 290. (Two credits.)

BUSI 305. Administration and Organization. An examination of the modern enterprise from the perspective of its internal operations and the theory and practice of management. Prerequisites: ACCT 213, BUSI 110 and ECON 200. (Three credits.)

BUSI 306. Business Finance. An introduction to the principles of financing business, integrated with a study of institutional finance. Covers current topics of managerial finance, including capital management, the management of working capital, capital budgeting, the acquisition of funds, and stock and bond valuation. Prerequisite: ACCT 213 and ECON 200. (Three credits.)

BUSI 307. Principles of Marketing. A basic study of the ways in which businesses determine consumers’ needs and direct the flow of goods and services. Case analyses are used to develop students’ problem-solving abilities. Prerequisite: ECON 200. (Three credits.)

BUSI 315. Negotiations. (Three credits.)

BUSI 322. Legal Environment of Business. An introduction to the history, structure, and procedure of the American legal system and the legal environment of business. (Three credits.)

BUSI 325. Innovation and Change in Organizations. A study of the processes through which organizations change over time and the problems created by both intended and unintended changes. (Three credits.)

BUSI 335 Human Resources Management. (Three credits.)

BUSI 345. Globalization and Organization Change. Study of multinational business. Emphasis on how corporations have adjusted to and influenced trends to increased globalization. Distinctions are drawn between international and domestic business operations. (Three credits.)

BUSI 350. Special Topics in Business Administration. May be repeated for credit. (Three credits.)

BUSI 355. History of Managerial Thought. A study of various authors who have addressed the issue of organizing and administrating human activities in relationship to other aspects of social thought. Prerequisites: Junior standing, BUSI 110 and 305, or permission of the instructor. (Three credits.)

BUSI 356. Investments and Portfolio Analysis. An introduction to security markets, security instruments, and speculation opportunities with an emphasis in practical investing. Emphasizes portfolio management. Prerequisite: BUSI 306. (Three credits.)

BUSI 357. Marketing Management. A study of the roles played by pricing, promotion, product mix, and distribution strategies in achieving management goals. Includes extensive participation in a game simulating marketing-management situations and requiring team cooperation and the development of analytical skills. Prerequisite: BUSI 307. (Three credits.)

BUSI 367. Advertising. A study of a variety of mass promotion variables and techniques. Using an advertising campaign approach, students study both the strategy and tactics of advertising and integrate the concepts of promotion into a full advertising campaign. Prerequisite: BUSI 307. (Three credits.)

BUSI 375. Leadership and Politics in Organizations. A study of the relationship among leadership, politics, and authority in the creation, organization, and administration of the enterprise. Prerequisites: Junior standing; BUSI 305. (Three credits.)

BUSI 382.Commercial Law. Study of business law tailored for the CPA. Includes the common law of contracts, an introduction to the Uniform Commercial Code, agency law and negotiable instruments law. (Three credits.)

BUSI 383. Information Systems. Study of the fundamentals of accounting system design including an analysis of accounting applications within functional areas of a firm, hardware and software applications, and the control of computerized accounting systems. Prerequisites: ACCT 214 and BUSI 212. (Also ACCT 383.) (Three credits.)

BUSI 400. Internship. An off-campus experience working in a professional managerial environment under the supervision of a mentor. Permission of instructor required. Prerequisites: BUSI 305 and BUSI 306 or 307. (Three credits.)

BUSI 404. Seminars in Business. Includes such topics as operations/production management, marketing channels and futures markets, and human relations. Prerequisites: BUSI 305 or permission of the instructor. (Three credits.)

BUSI 405. Strategy and Structure. A study of the modern enterprise which focuses on the formulation and implementation of its strategy with particular attention to the relationship between the strategy and the larger society in which the enterprise operates. Prerequisites: Senior standing; BUSI 305, 306, 307, and ECON 300 or 301; or permission of the instructor. (Three credits.)

BUSI 406. Applied Business Strategy. Individually designed and structured problem-solving experience involving students working under faculty supervision with available (usually area) businesses (primarily small businesses) to develop and apply elements of sound business strategy. Prerequisites: Senior standing; BUSI 305, 306, 307, and ECON 300 or 301. (Three credits.)

BUSI 410. Political Economy and Commerce Honors I. Participation in a joint student/faculty discussion of contemporary accounting management or economic policy issues using political economy methodology and analysis. Spring semester of junior year. Permission of instructor required. (One credit.)

BUSI 411. Political Economy and Commerce Honors II. Research on contemporary accounting management or economic policy issue using political economy methodology and analysis. Fall semester of senior year. Permission of instructor required. (One credit.)

BUSI 412. Political Economy and Commerce Honors III. Leadership and presentation in joint student/faculty discussion of contemporary management or economic policy issues using political economy methodology and analysis. Spring semester of senior year. Permission of instructor required. (One credit.)

BUSI 420. Independent Study. May be repeated for credit. (One to three credits.)

BUSI 409. International Business Strategy. (Three credits)

The following courses are required for a major in Business Administration:

ACCT 213 and 214;

BUSI 105, 211, 212, 218, 305, 306, 307, and 405 or 406;

ECON 200 and 300 or 301; MATH 106;

and three additional 300+ level courses from the offerings in business administration, accounting and economics.

Students are encouraged, but not required, to enroll in advanced writing or communication courses. Students planning to gain an MBA are encouraged to enroll in Calculus. A student must earn at least a C- in all prerequisites before taking a required course.

The Department of Political Economy and Commerce at Monmouth College offers majors and minors in Business and Economics with the opportunity for the study of management, finance, marketing, international business, economic policy and public management. It also serves Monmouth College’s General Education Program and offers electives open to any interested student.

Monmouth College has a very distinctive approach to the study of business. Our program is based on different assumptions and different goals than the programs found in most other schools. In typical business programs, the goal is to teach students “how to manage a business” by teaching the theories and assumptions that underlie contemporary business practices, developing the skills good managers possess and learning the analytical techniques currently used in business – an approach designed to achieve specific technical goals.

The goals of the Monmouth College program are more than just vocational. We believe that the best preparation for conducting business in tomorrow’s complex, dynamic world of limited information and inherent risk is to understand the development of commercial institutions as a social phenomenon – - how and why business practices have changed over time and how those changes have shaped society. Analyzing commerce as one of the primary institutions of modern society (including the family, the church, the state and commerce), allows students to see the connections between commerce and other social institutions and truly understand the bigger picture. This understanding can only occur by examining commerce as a continuing process of evolutionary change in a historical, social, political context. By understanding the problems business faced in the past and how commercial practices evolved to solve those problems, students are able to analyze, predict and plan for a future that will grow out of the interaction between current business practices and contemporary political/social problems.

At the beginning and at the end of the Monmouth program, students take courses specifically designed to help them understand the wider context within which commerce occurs. Between these introductory and synthesizing experiences, students take more traditional courses taught from a broader perspective in order to understand how modern business is actually conducted. Students are firmly grounded in the basics of economics, accounting, personnel management, data management, marketing, finance, and law rather than narrowly trained within one of these functional areas. The goal is to enable students to see how the pieces fit together today, appreciate that those pieces were shaped by unique historical circumstances, and imagine how those pieces might fit together to make a different picture tomorrow.

Monmouth’s program is founded on a bedrock belief that individuals are continually developing innovative new processes to solve problems, use resources more efficiently and create wealth. It is an unashamed embrace of best of the liberal arts traditions and values. The differences between traditional business programs and Monmouth’s approach are subtle and yet dramatic. It is long-term rather than short-run, it is integrated versus discrete, it is broad-based not narrow, it is interdisciplinary as opposed to disciplinary, it is the difference between showing students how to manage a business using modern techniques and explaining to them why business utilizes specific techniques and why those techniques work. It is the difference between knowing how to manage a business today and preparing for tomorrow’s changing business environment. It is more than just training for a job at graduation; it is an education for a lifetime of professional growth. It is a commitment to teach individuals to think; not a program to train managers. It is not business as usual; it is much more, it is an understanding of how the world works.

The Master of Applied Finance provides students with the opportunity to put theory learned into practice, participating in units held in our Treasury Dealing Room. The Treasury Dealing Room has a computer-based system, which replicates that of Australia’s leading financial institutions. The system integrates real-time financial data and back-office reconciliation of transactions bringing together market information, development of strategies, communication and profitability.
Course structureOn-campus Caulfield Master of Applied Finance
2 semesters full-time, 4 semesters part-time
Course code
3818
Entry requirements A degree or an equivalent qualification from a recognised tertiary institution with a major in finance with at least a credit average; or A Graduate Diploma in Banking and Finance awarded by Monash University with at least a credit average
Course structure 8 units

Three compulsory units:
AFF5230 Financial markets and long-term funding
AFF5250 Corporate treasury management
AFF5270 Funds management

Three further units from the following list:
AFF5040 Advanced investments
AFF5050 Advanced international banking
AFF5130 Financial statement analysis and business
valuation
AFF5260 Money market dealing
AFF5280 Institutional asset and liability management
AFF5380 Credit risk modelling
AFF5390 Advanced financial planning
AFX5860 International studies in banking and finance
One of the following:
GSB9001 Personal development – critical thinking and
communication
GSB9002 Personal development – managing self and
relationships
GSB9003 Personal development – professional
advancement
Electives
Students must complete one further graduate unit
offered by any department in the Faculty of Business
and Economics

Course overview

This double-degree course (20 units) aims to provide a broad-based foundation in business and management, while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in business law.Students complete the same 10 core units as in the MBA single degree, and 10 units from the Master of Business Law. The 10 core units cover the major business disciplines – business law, economics, accounting, finance, marketing, business analysis, management and leadership, information management, international business and strategic management. Business Law studies include insurance law, banking and finance law, e-commerce law, taxation and financial planning, current issues in taxation, employee and industrial relations law, and competition and consumer law.

Course overview

This double-degree course (20 units) aims to provide a broad-based foundation in business and management, while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in commercial law.

Students complete the same 10 core units as in the MBA single degree, and 10 units from the Master of Commercial Law. MBA studies cover the major business disciplines – business law, economics, accounting, finance, marketing, business analysis, management and leadership, information management, international business and strategic management.

This course is available to non-law graduates with at least two years of experience dealing with issues in commercial law. It can be taken as four coursework units and a minor thesis of 30,000 words; or six coursework units and a minor thesis of 15,000 words; or eight coursework units.

Unless an exemption has been granted, one of the units to be taken must be ‘Australian legal system’. Of the remaining units, at least four are usually taken from the prescribed list of commercial law units and the last three units are electives.

Note that graduates of this course will not be qualified to practise law.

Course overview

This double-degree course (equivalent to 20 units) integrates current theory and practice of social and environmental sustainable development with business administration to considerably broaden career options available to graduates.

Students complete the same 10 core units as in the MBA – business law, economics, accounting, corporate finance, marketing, business analysis and planning, managerial and leadership skills, information management, international business and strategic management. The Master of Corporate Environmental and Sustainability Management component includes four compulsory units, plus a major project, or a minor project and electives.

Course overview

This double-degree course (20 units), intended for law graduates, aims to provide a broad-based foundation in business and management, while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in commercial law.

Students complete the same 10 core units as in the MBA single degree, and 10 units from the Master of Laws – Commercial Law.

MBA studies cover the major business disciplines – business law, economics, accounting, finance, marketing, business analysis, management and leadership, information management, international business and strategic management.

Commercial Law studies may be chosen from units covering taxation, commercial leases, labour relations law, banking and finance law, electronic commerce law, employee share ownership plans, government regulation of international trade, and international financial transactions law.

Course overview

This double-degree course (20 units) aims to provide a broad-based foundation in business and management, while providing existing and aspiring managers with the opportunity of developing specialist knowledge and expertise in health services management.Students complete the same 10 core units as in the MBA single degree, and 10 units from the Master of Health Services Management.MBA studies cover the major business disciplines – business law, economics, accounting, finance, marketing, business analysis, management and leadership, information management, international business and strategic management. Health Services Management studies include law for health systems, clinical leadership and management, principles of health care quality improvement, financial issues in health care management, health policy and information management, reform and development in health services, introduction to epidemiology and biostatistics, plus a two-unit case study.

Duration, campus, fees and application information
Duration, campus, fees and application information Domestic students International students
Attendance type On-campus at Caulfield: full-time, part-time On-campus at Caulfield: full-time
Intakes First semester, second semester First semester, second semester
Course Content University handbook entry for this course University handbook entry for this course
Duration 2.5 years full-time, 5 years part-time 2.5 years
Credit points 120 total for course 120 total for course
Fees for 2009

Fees are subject to change annually. Commonwealth supported place (CSP)
Commonwealth supported place not offered for this course.

Domestic fee per 48 credit points
48 credit points represents a standard full-time course load for a year
$23,200 AUD International fee per 48 credit points
48 credit points represents a standard full-time course load for a year
$27,080 AUD
How to apply Entry requirements and applications – domestic students Entry requirements and applications – international students
CRICOS code Not applicable 048114E
Monash course code 3198 3198
Faculty Faculty of Business and Economics Faculty of Business and Economics

Accreditation

Australian: Details of educational requirements for professional recognition can be found under the Professional Recognition entry in the Faculty of Business and Economics section of the Postgraduate Handbook