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Master of International Business
By Macquarie University, Australia

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What we offer

This programme provides participants in Informatics an integrated learning methodology that comprises of e-Learning and local tutorials. This is a blended modular programme that allows participants to enjoy a high degree of flexibility and convenience of a modular system, incorporating elements of face to face tutorials. It also integrated the online e-Learning methodology through PurpleTrain.com. Within the limits of the course schedule outlined, participants can select some modules to do online from anywhere in the world, as long as there is an Internet connection.

The affordability and unique integrated methodology of this programme is ideal for both full time and part-time learners who wish to pursue a higher education.




About the University

Macquarie University is a major metropolitan university located in Sydney, Australia. Macquarie offers a broad range of high quality and contemporary courses in business, science, technology, law, humanities and education.

Staff are highly qualified with many being leaders in their field. Macquarie is a leading international university offering management, business and applied finance courses in Singapore, Hong Kong and Japan. Macquarie University's global activities are being actively pursued through the development of courses using modern communications technologies available through the internet.

Macquarie's postgraduate degrees are strongly valued by employers. The Master of International Business is conducted by the Macquarie University Graduate Accounting and Commerce Centre. The centre has over 1500 postgraduate students.

Visit the official website, www.mq.edu.au


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About the Programme

About the Programme The Master of International Business (MIB) is a modern business degree with a global outlook. The degree provides an opportunity to acquire contemporary knowledge and skills in core business disciplines taking an international focus. The degree promotes both depth and breadth in business studies through a program of core study in finance, accounting, marketing and trade together with units in risk management, investments, strategy and e-commerce. Besides building career relevant skills in business disciplines, graduates will develop skills in innovative thinking, effective written and oral communication and teamwork.

The degree is suited to a wide range of interests but is particularly relevant to:

  1. Those who work in a business environment of organisations that conduct business beyond a single domestic market.
  2. Recent graduates with little or no working experience requirement.
  3. Graduates of working experience, who want to make a to make a transition from a career in the domestic business environment to one in an international business environment.

Career Opportunities

Graduates of the Master in International Business can seek in: -

  • General Management
  • Export and Import Management
  • Management Consulting
  • International Licensing
  • Business Policy Consulting
  • Joint Venture Management
  • Foreign Exchange Trading
  • International Marketing

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Benefits

  • Internationally Recognised Qualification
    This degree from a leading Australian University creates international mobility and greater career advancement opportunities for its graduates.

  • Syllabus Designed with an International Focus
    This business programme consists of units that incorporate comprehensive international perspectives and knowledge much required by a working professional or businessperson of an organisation operating in an international business environment.

  • Assessment Methods
    Catering to the learning needs of the mature students, this programme adopts a variety of interesting assessment techniques, such as case studies, online participation and presentations, individual and group work, research paper and critical review of articles. The final written examinations will contribute from 40% to 70%.

  • Professional and Highly Qualified Lecturers
    This programme will be facilitated by highly qualified academic staff who are both subject matter experts as well as trained e-facilitators. They will provide participants with continual support throughout the programme. All e-facilitators are pre-approved by the university.

  • International Standard of Academic Excellence
    The course content is identical to the on-campus Master of International Business (MIB) by Macquarie University delivered using an online mode.

  • Participants will be taught through e-Learning
    This flexible method of learning allows participants to cope with study commitments without compromising on work responsibilities.

  • Modular System of Learning
    Modular learning gives participants more control in their time management and allows them to learn at their own pace.

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Programme Structure

The programme requires the completion of 8 units in total. Each unit carries a weight of 4 postgraduate credit points.

4 Core units
1. MKTG801 International Marketing
2. ECON847 International Trade
3. ECON867 International Financial Management
4. ACCG835 International Accounting
Select 4 of 6 Elective Units
5. ACCG806 Risk Management and Derivatives
6. ACCG818 Capital Markets & Investments
7. ACCG827 Entrepreneurship & Business Strategy
8. BUS800 Electronic Commerce
9. BUS850 Management of People at Work
10. BUS854 Managing Cultural Diversity in Business

* Unit availability subject to timetable scheduling.

4 Core units

International Marketing (MKTG801)

This unit is designed to develop participants' analytical ability to make good marketing decisions. The unit examines the factors that influence marketing strategy in an international setting. The broad range of marketing decisions, which comprises product-market strategy, are considered in the context of a global environment.

This unit examines the special issues involved in applying marketing principles in markets other than our own familiar home market. This unit also looks at the growth in international marketing, the international marketing environment, especially the marketing implications of differences in the political/legal, economic and social/cultural factors in various markets. It looks at methods for assessing the attractiveness of opportunities in individual markets and the development of appropriate strategies to exploit these opportunities.

ECON847 International Trade (ECON847)

This unit examines international trade both in theory and practice. It first reviews the theories related to inter and intra-industry trade determination and the empirical evidence supporting them. It further examines trade policies that cover a wide range of topics illustrated by the up-to-date case studies. The unit has a policy approach and aims at providing students with a good understanding of major trade issues around the world and the effects of globalisation on trade and focuses on current applications of the theoretical principles.

ECON867 International Financial Management (ECON867)

This unit applies relevant elements of international finance to the analysis of financial management of multi-national corporations, companies, financial institutions and central banks. The unit analyses nominal and real exchange rates and it evaluates their impact with those of international interest rate changes on the decisions of corporate, institutional and government managers. It also attempts to explain the behaviour of currency rates in terms of their determinants. The hedging of currency risks associated with international trade, overseas investments and foreign borrowing through a range of derivatives such as currency futures, options, swaps, value at risk models and stress testing will be extensively discussed.

Case studies dealing with typical international financial decisions of corporate companies help to bridge the gap between theory and finance sector practices. They foster active learning, exercise critical thinking, model the analytical mindset of professionals and sharpen participants' report-writing skills. Case studies are thus an indispensable tool in preparing graduates for effective professional work.

835 International Accounting (ACCG835)

In this unit, participants will be exposed to issues in relevance to both financial and management accounting in an international context. With respect to financial accounting issues, the unit focuses on common differences in accounting methods and disclosure practices cross-nationally. It compares and contrasts approaches to regulation and accounting and disclosure practices in a number of selected nations. Current issues in accounting standard setting in an international context, including the debate on international harmonisation, are also examined. With respect to management accounting, the unit examines issues and problems facing international companies in organising and managing, planning, controlling and evaluating, their global operations. Attention is also given to the concept of national culture; the understanding of cultural differences provides insights into the different approaches in both financial and management accounting issues cross nationally.

Select 4 of 6 Elective Units

ACCG806 Risk Management and Derivatives (ACCG806)

This unit examines current techniques for measuring and managing the financial risk faced by financial and non-financial institutions. It emphasises on the practical use of derivative financial products such as forwards, futures, swaps and options.

ACCG818 Capital Markets & Investments (ACCG818)

This unit provides an understanding of the theory, empirical evidence and practice of security selection. Models of security pricing are reviewed during the first weeks of the semester. Techniques are then considered to enable the participants to select superior equity investments. The remainder of the semester covers investment in fixed interest securities.

Participants will utilise these concepts and methods to select a range of securities in an investment simulation. At the end of the semester, each team presents a written report on their selections. The use of the Internet is integrated into the security selection task via links to Australian data sources.

The unit allows participants with some finance knowledge to review the basic theoretical and empirical concepts relating to security selection. For those with a better understanding of the theoretical underpinnings of finance, the investment simulation provides an opportunity to extend their knowledge into the operation of financial markets.

ACCG827 Entrepreneurship & Business Strategy (ACCG827)

This unit creates an awareness of the role of strategy in dealing with issues in the broad environment that will have an impact upon the future direction of organisations of all sizes. Within this framework, both the small and large business paradigms are addressed. The first segment of the unit covers business ethics and various issues in entrepreneurship. The next segment examines the strategy process; environmental scanning and SWOT analysis; corporate, business and functional strategy and the interrelationship between strategy and control.

BUS800 Electronic Commerce (BUS800)

E-Commerce is revolutionising the economic, social, political, legal and ethics dimensions of the business environments within which managers operate in. This unit aims to provide a comprehensive framework for understanding these changes. Through a combination of lectures, guest speakers from business organisations, discussions and laboratory sessions, this course provides participants with:

  • conceptual frameworks for understanding e-commerce as a social and business phenomenon;
  • practical skills in the technology of web site design, implementation and administration;
  • an analytical and strategic approach to the analysis of the problems in e-commerce business, oral and written communication, interpersonal, project management, research and decision-making skills.

BUS850 Management of People at Work (BUS850)

This unit analyses the processes of human resource management and industrial relations within the contemporary business environment. Emphasis is given to the contemporary Australian business practices within human resource management and industrial relations supported by appropriate analyses of international best practices.

BUS854 Managing Cultural Diversity in Business (BUS854)

This unit discusses the implications for organisational leaders in view of increasing cultural differences between individuals and groups within and between organisations. In particular, the unit examines practical problems and opportunities in managing human diversity in the contemporary cross-cultural and international settings.

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Programme Duration

The programme should be completed within one to three years.

Each unit is conducted over a period of 10 weeks while examinations will be held in April, August and December respectively
.

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Academic Pathway

Dual Degrees
Conferred by Macquarie University, the Master of International Business can be combined with either: -

  • Master of International Relations, or
  • Master of Arts in International Communication by another semester of study

The above two masters are only available on-campus in Macquarie University. The purpose of a dual Masters degree is to provide students with the option of completing two internationally focused degrees within one period of candidature. This option will interest those students who would like to extend their business skills to the complementary areas of international relations or international communications. Holding two international postgraduate qualifications will be an advantage to graduates seeking work in multinational commercial organisations, government agencies or global Institutions.

  • Master of European Business

Macquarie University also has an arrangement with Normandy Business School that will allow a Master of International Business graduate to obtain a Master of European Business by completing a semester of study at Normandy.

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Assessment Structure

Grades will be awarded for units based on performance in examination, projects, and other assignments.

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Entry Requirements

  • Business degree in any discipline from any recognized university equivalent in standing to a three-year Australian bachelor degree.
  • GPA of 2.70 or more (out of 4.00 scale).
  • An applicant from a non-English speaking background must be able to demonstrate proficiency in English (e.g. IELTS 6.5 overall with 6.0 in each section, TOEFL 580 overall with 50 in each section).
  • If the candidate's degree does not contain sufficient business related units (Finance, Accounting, Marketing and Economics) or is a non-business degree, then a Professional Integration Program comprising of 4 units will be required to build prerequisite foundation knowledge.

To find out if your existing qualification meet the entry requirement, email us

English Language Proficiency

A criteria that must be satisfied is English language proficiency for students for whom English is not a first language. Students must demonstrate their English language proficiency by submitting a test score recognised by Macquarie University.

Test Test Score
IELTS (International English Language Testing) 6.5 overall, with a minimum of 6.0 in each section
Exception: For Postgraduate Diploma and Master of Arts in Translation and Interpreting, the IELTS requirements are:
7.0 overall, 6.0 in Listening, 7.0 in Reading, 7.0 in Writing and 6.0 in Speaking
TOEFL (Test of English as a Foreign Language) Paper based Test: Score of 580 overall, 5.0 TWE
Computer based Test: 237 overall, 5.0 TWE, with a minimum of 19 in each section
CULT - Combined Universities Language Test 70% overall, minimum 17 in each section
CAE - Cambridge Certificate of Advanced English A pass of A or B for entry into the University

Professional Integration Program (PIP)

The *Professional Integration Program (PIP) is an intensive eight months programme which comprises of four units for candidates whose degree does not contain sufficient business related units (Finance, Accounting, Marketing and Economics) or is a non-business degree.

The four units are:

Principles of Accounting
Economics (B1001)
Marketing (B1005)
Financial Management (B2003)

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Contact Us

Contact us to find out more about our programmes.

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