Monash Faculty of Business and Economics
Encyclopedia
The Faculty of Business and Economics at Monash University
, Melbourne
is the largest university faculty in Australia
. It is home to over 16,000 students and staff. In teaching, it offers undergraduate, graduate and postgraduate degrees.
The Faculty's teaching and research are spread across most of Monash University's campuses, including Clayton, Caulfield, Malaysia, Gippsland, Peninsula, Berwick, South Africa and Prato. The Dean of the Faculty is Professor Stephen King.
. Based in the Faculty's Graduate School of Business, it is consistently ranked the best MBA in Australia. In recent years, The Economist
has ranked the Monash MBA as the best in Australia, 2nd best in Australasia, and 43rd in the world. In the category of personal development, it was ranked 2nd best in the world.
Monash is one of only 3 MBA programs in Australia to have accreditation by the London-based Association of MBAs
(AMBA).
Monash University
Monash University is a public university based in Melbourne, Victoria. It was founded in 1958 and is the second oldest university in the state. Monash is a member of Australia's Group of Eight and the ASAIHL....
, Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
is the largest university faculty in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. It is home to over 16,000 students and staff. In teaching, it offers undergraduate, graduate and postgraduate degrees.
The Faculty's teaching and research are spread across most of Monash University's campuses, including Clayton, Caulfield, Malaysia, Gippsland, Peninsula, Berwick, South Africa and Prato. The Dean of the Faculty is Professor Stephen King.
History
The current Faculty structure is the result of the amalgamation of the Monash University Faculty of Economics, based at the University's Clayton Campus, and the David Syme School of Business, based at what is now the University's Caulfield Campus. Traditionally, the Clayton Campus was strong in economic research, but underperformed in industry training. Conversely, the David Syme School was one of Australia's leading business schools in professional training, but lacked a strong research base. The early 1990s merger, though opposed by some at the time, was seen as a way to bring together these parallel areas of expertise.MBA program
The Faculty is particularly well-known for its Master of Business AdministrationMaster of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
. Based in the Faculty's Graduate School of Business, it is consistently ranked the best MBA in Australia. In recent years, The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
has ranked the Monash MBA as the best in Australia, 2nd best in Australasia, and 43rd in the world. In the category of personal development, it was ranked 2nd best in the world.
Monash is one of only 3 MBA programs in Australia to have accreditation by the London-based Association of MBAs
Association of MBAs
The Association of MBAs is a London-based international organization that accredits postgraduate business programs at business schools worldwide. The Association is one of the three main global accreditation bodies in business education and styles itself "the world's impartial authority on...
(AMBA).
Alumni
The Faculty has produced many graduates who are currently leaders in their fields, including:- Richard AlstonRichard AlstonRichard Alston may refer to:*Richard Alston *Richard Alston , Australian High Commissioner to the UK and former Australian senator...
, Former Australian Senator and Minister, current Australian High Commissioner in London - Mark BirrellMark BirrellMark Alexander Birrell is a solicitor, company director and a former Cabinet Minister in the Australian state of Victoria.-Early life:...
- Company director, former Minister for Industry, Science and Technology - Julian BurnsideJulian BurnsideJulian William Kennedy Burnside AO QC is an Australian barrister, human rights and refugee advocate, and author. He is known for his staunch opposition to the mandatory detention of asylum seekers, and has provided legal counsel in a wide array of high-profile cases...
QCQueen's CounselQueen's Counsel , known as King's Counsel during the reign of a male sovereign, are lawyers appointed by letters patent to be one of Her [or His] Majesty's Counsel learned in the law...
- High profile barrister, human rights advocate, author - Alastair ClarksonAlastair ClarksonAlastair Clarkson is a former Australian rules footballer and current coach of the Hawthorn Football Club.- North Melbourne :...
- Former AFLAustralian Football LeagueThe Australian Football League is both the governing body and the major professional competition in the sport of Australian rules football...
footballer, current coach of the Hawthorn Football ClubHawthorn Football ClubThe Hawthorn Football Club, nicknamed the Hawks, is a professional Australian rules football club in the Australian Football League . The club, founded in 1902, is the youngest of the Victorian-based teams in the AFL. The team play in Brown & Gold vertically striped guernseys... - Simon CreanSimon CreanSimon Findlay Crean is an Australian politician, and the current Minister for the Arts and Minister for Regional Australia, Regional Development and Local Government in the Australian Federal Government. He was leader of the Australian Labor Party and Leader of the Opposition at the Federal level,...
MPMember of ParliamentA Member of Parliament is a representative of the voters to a :parliament. In many countries with bicameral parliaments, the term applies specifically to members of the lower house, as upper houses often have a different title, such as senate, and thus also have different titles for its members,...
- Australian Minister for TradeMinister for Trade (Australia)The Australian Minister for Trade has been Dr. Craig Emerson since 14 September 2010.-Portfolio:Currently the Minister for Trade administers the Department of Foreign Affairs and Trade jointly with the Minister for Foreign Affairs, although prior to 1987 there was a separate Department of Trade...
, former Leader of the Opposition and Minister for Employment, Education and Training - Joshua FrydenbergJoshua FrydenbergJoshua Anthony "Josh" Frydenberg is an Australian banker and politician. He has been the Liberal member for Kooyong in the Australian House of Representatives since August 2010....
MPMember of ParliamentA Member of Parliament is a representative of the voters to a :parliament. In many countries with bicameral parliaments, the term applies specifically to members of the lower house, as upper houses often have a different title, such as senate, and thus also have different titles for its members,...
- Prominent Investment Banker and current federal Member for KooyongDivision of KooyongThe Division of Kooyong is an Australian Electoral Division in the state of Victoria. It is located in the inner eastern suburbs of Melbourne, and encompasses the suburbs of Kew, Hawthorn, Hawthorn East, Balwyn, Canterbury, Camberwell and Surrey Hills. The Division was proclaimed in 1900, and was...
. - Alan GriffithsAlan GriffithsAlan Gordon Griffiths , is a former Australian politician who represented the Division of Maribyrnong for the Australian Labor Party from March 1983 to January 1996.-Early life:...
, former Australian Minister for Industry and Resources - Margaret JacksonMargaret JacksonMargaret Jackson, AC is an Australian corporate executive.Jackson was born in Warragul, Victoria, and studied at Warragul High School. She graduated with a Bachelor of Economics degree from Monash University and a Master of Business Administration from the University of Melbourne...
ACOrder of AustraliaThe Order of Australia is an order of chivalry established on 14 February 1975 by Elizabeth II, Queen of Australia, "for the purpose of according recognition to Australian citizens and other persons for achievement or for meritorious service"...
- Company Director, first female Chairman of QantasQantasQantas Airways Limited is the flag carrier of Australia. The name was originally "QANTAS", an initialism for "Queensland and Northern Territory Aerial Services". Nicknamed "The Flying Kangaroo", the airline is based in Sydney, with its main hub at Sydney Airport... - John LangmoreJohn LangmoreJohn Vance Langmore is an Australian academic and politician. He was a member of the Australian House of Representatives from 1984 to 1996....
- Politician and author - Ian LittleIan LittleIan Little is a record producer who is best known for the single "Is There Something I Should Know" and the album Seven and the Ragged Tiger, both by Duran Duran. He has also worked with Roxy Music, Phil Manzanera, Orchestral Manoeuvres in the Dark, Sparks, Belouis Some, and other artists.-External...
(1956-2006) - Secretary of the Department of Treasury and Finance, 1998-2006 - Michael LuscombeMichael LuscombeMichael Luscombe is an Australian businessman. He is the former CEO and Managing Director of Woolworths Limited, the largest retail company in Australia.-Early life:Luscombe was educated at De La Salle College, Malvern and Monash University...
- CEO, WoolworthsWoolworths LimitedWoolworths Limited is a major Australian company with extensive retail interest throughout Australia and New Zealand. It is the:* largest retail company in Australia and New Zealand by market capitalisation and sales... - Ian MacfarlaneIan Macfarlane (economist)Ian John Macfarlane, AC , Australian economist, and Governor of the Reserve Bank of Australia , Australia's central bank, from 1996 to 17 September 2006...
AC - Economist, Governor of the Reserve Bank of AustraliaReserve Bank of AustraliaThe Reserve Bank of Australia came into being on 14 January 1960 as Australia's central bank and banknote issuing authority, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank to it....
, 1996-2006 - Peter Marriott - Chief Financial Officer, Australia and New Zealand Banking Group (ANZ)
- Julian McGauranJulian McGauranJulian McGauran , Australian politician, was a member of the Australian Senate, representing the state of Victoria. Elected as a member of the National Party, he resigned from the Nationals and joined the Liberal Party of Australia in February 2006...
- Australian Senator - Andrew Mohl - Managing Director and CEO, AMPAMP LimitedAMP Limited is an Australian financial corporation. It operates primarily in Australia and New Zealand. AMP formed in 1849 as the Australian Mutual Provident Society, a non-profit life insurance company. In 1998 it was demutualised and listed on the Australian and New Zealand stock exchanges...
- Stuart MorrisStuart MorrisStuart Morris QC is an Australian lawyer. He served as a Justice of the Supreme Court of Victoria and as President of VCAT from 2003 until 2007. Former Chairman of the Victorian Government's Local Government Commission, 1986 under the Cain Government. Stuart Morris worked as a barrister, and was...
, Justice of the Supreme Court of VictoriaSupreme Court of VictoriaThe Supreme Court of Victoria is the superior court for the State of Victoria, Australia. It was founded in 1852, and is a superior court of common law and equity, with unlimited jurisdiction within the state...
, President of VCATVCATVolontaire Civil à lAide Technique is a voluntary service in the French overseas territories for citizens from France, citizens of other EU member states or citizens of countries belonging to the European Economic Area.-External links:*... - Trevor O'HoyTrevor O'HoyTrever O'Hoy was the President and CEO of Foster's Group from 2004 until 10 June 2008.He was educated at Monash University, where he obtained a Bachelor of Economics in 1976. He has also studied at the Harvard Advanced Management Program....
- President and CEO, Foster's GroupFoster's GroupFoster's Group is a beer group with interests in brewing and soft drinks. Foster's Group is the brewer of the Foster's Lager. Foster's Group Limited is a publicly-listed company on the Australian Securities Exchange and is based in Melbourne, Victoria... - Martin PakulaMartin PakulaMartin Philip Pakula is an Australian politician, and a member of the Victorian Legislative Council. He was Minister for Industrial Relations and Minister for Public Transport in the Labor Government of Premier John Brumby.-Early life:...
- Current Victorian Minister for Industry, Trade and Industrial Relations - Pasuk PhongpaichitPasuk PhongpaichitPasuk Phongpaichit is a Thai economist. A professor at Chulalongkorn University, she is the author of several books on corruption in Thailand.Dr Pasuk graduated from Monash University in Australia, and received her PhD at Cambridge University in England...
- Economist, author, anti-corruption campaigner - Peter ReithPeter ReithPeter Keaston Reith, , former Australian politician, was a Deputy Leader of the Liberal Party and then a senior Cabinet minister in the first two terms of the Howard Government.-Early life:...
- Executive Director of the European Bank for Reconstruction and DevelopmentEuropean Bank for Reconstruction and DevelopmentFounded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...
, former Defence Minister - Gary P. SampsonGary P. SampsonGary Sampson currently holds the John Gough Chair in the Practice of International Trade at Melbourne Business School .In 1996, he was appointed Director at the General Agreement on Tariffs and Trade in Geneva, and then in 1995, Director at the World Trade Organisation where he has directed a...
- WTO economist - Helen SilverHelen SilverHelen Silver became Secretary of the Department of Premier and Cabinet of Victoria, Australia in 2008, making her the State's chief public servant...
- Secretary of the Victorian Department of Premier and Cabinet