Monash Faculty of Business and Economics

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. [ [http://www.buseco.monash.edu.au/about/ About Business and Economics ] ] In teaching, it offers undergraduate, graduate and postgraduate degrees. The Faculty's MBA, Bachelor of Economics, Bachelor of Commerce and Bachelor of Business are among the most sought-after degrees in Australia.

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 current Acting Dean of the Faculty is Professor Owen Hughes.

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.

Master of Business Administration (MBA) program

The Faculty is particularly well-known for its MBA. Based in the Faculty's Graduate School of Business, it is consistently ranked the best MBA in Australia. [ [http://www.mba.monash.edu.au/news/2006/mba-ranking.html Monash MBA ] ] In recent years,The Economist has ranked the Monash MBA as the best in Australia, 2nd best in Australasia, and 43rd in the world. [ [http://www.mba.monash.edu.au/news/2006/mba-ranking.html Monash MBA ] ] In the category of personal development, it was ranked 2nd best in the world. [ [http://www.mba.monash.edu.au/news/2006/mba-ranking.html Monash MBA ] ] It is one of only 3 MBA programs in Australia to have accreditation by the Association of MBAs (AMBA). [ [http://www.mba.monash.edu.au/profile/accreditation.html Monash MBA ] ]

tructure

In teaching, the Faculty incorporates:
*Department of Accounting and Finance
*Department of Business Law and Taxation
*Department of Econometrics and Business Statistics
*Department of Economics
*Department of Management
*Department of Marketing
*Graduate School of Business

In research, the Faculty is home to a number of specialist centres, including:
*Asian Business and Economics Research Unit
*Work and Employment Rights Research Centre
*Australian Centre for Research in Employment and Work
*Australian Supply Chain Management Research Unit Professor
*Banking and Finance Unit (Malaysia Campus)
*Business and Economic Forecasting Unit
*Centre for Health Economics
*Centre for Increasing Returns and Economic Organisation
*Centre for Modelling of Stochastic Systems
*Centre of Policy Studies Professor
*Consumers and Retail Research Unit
*Economic and Business Modelling Unit (Malaysia Campus)
*Family and Small Business Research Unit
*Malaysian Business Unit (Malaysia Campus)
*Monash Tourism Research Unit
*Taxation Law and Policy Research Institute

Alumni

The Faculty has produced many graduates who are currently leaders in their fields, including:

*Richard Alston, Former Australian Senator and Minister, current Australian High Commissioner in London
*Mark Birrell - Company director, former Minister for Industry, Science and Technology
*Julian Burnside QC - High profile barrister, human rights advocate, author
*Alastair Clarkson - Former AFL footballer, current coach of the Hawthorn Football Club
*Simon Crean MP - Australian Minister for Trade, former Leader of the Opposition and Minister for Employment, Education and Training
*Joshua Frydenberg - Prominent Investment Banker and political aspirant
*Alan Griffiths, former Australian Minister for Industry and Resources
*Margaret Jackson AC - Company Director, first female Chairman of Qantas
*John Langmore - Politician and author
*Ian Little (1956-2006) - Secretary of the Department of Treasury and Finance, 1998-2006
*Michael Luscombe - CEO, Woolworths
*Ian Macfarlane AC - Economist, Governor of the Reserve Bank of Australia, 1996-2006
*Peter Marriott - Chief Financial Officer, Australia and New Zealand Banking Group (ANZ)
*Julian McGauran - Australian Senator
*Andrew Mohl - Managing Director and CEO, AMP
*Stuart Morris, Justice of the Supreme Court of Victoria, President of VCAT
*Trevor O'Hoy - President and CEO, Foster's Group
*Martin Pakula - Politician
*Pasuk Phongpaichit - Economist, author, anti-corruption campaigner
*Peter Reith - Executive Director of the European Bank for Reconstruction and Development, former Defence Minister
*Gary P. Sampson - WTO economist
*Helen Silver - Secretary of the Victorian Department of Premier and Cabinet

Publications

Publications based at the Faculty include:
*Monash Business Review

References