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Study Business in Australia 2020

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Studying business in Australia is perhaps the best choice you can make. As business management and administration is one of the most popular courses to study among Australia’s international students, but who says you have to be like everyone else? There are so many more disciples within the broad field of business, you can have the option to undertake marketing and advertising, finance and accounting, economics, information systems, and more. 

Overview

Marketing

All students are typically required to take common core business classes in Marketing Principles, Communication, Economics, Finance and Management. Furthermore, universities would usually require their students to take general education courses in English or Math electives, such as Psychology – to better understand consumer behaviour, and Intro to Computers – for administrative and content creation.

In that respect, most universities’ has typical classes like: 

  • Advertising and Promotion
  • Merchandising
  • Statistical Analysis
  • Global Marketing Techniques
  • Marketing Research
  • Marketing Strategy and Management
  • Product Management
  • Retail and Sales Management
  • Public Speaking
  • E-commerce Marketing Principles
  • Graphic Design
  • Sales

Finance

A finance major will learn the fundamentals of financial planning, investment decisions and analyzing/limiting expenses. Different from accounting – which we will explain further below – you will analyse how your company performed in the past and predict how it will perform in the future, and drive business strategies. 

Typical classes include:

  • Advanced derivatives
  • Asset markets
  • Behavioural finance
  • Corporate finance
  • Economics/econometrics
  • Financial management
  • Financial planning
  • Financial accounting
  • Financial reporting
  • Risk management
  • Venture capital

Accounting

Apart from Financing, Accounting often strongly emphasize on past records and present reports, then using the information to assess a business’ financial position, which is integral to making future business ventures. Accounting students’ typically have to deal with documents such as basic book-keeping, to managing balance sheets and income

Here are a few typical classes you may take for an accounting course:

  • Auditing
  • Budget analysis
  • Business strategy
  • Financial accounting
  • Financial reporting
  • Forensic accounting
  • Information systems
  • Management accounting
  • Quantitative analysis
  • Tax accounting

Economics

Economics degrees are divided into both BA and BSc forms. BA in Economics may focus on qualitative modules, such as social sciences in psychology or sociology, of course, there will be some math involved. BSc most likely focuses more on mathematics, statistical theory and techniques to apply mathematics in economic theory for analysis. Either way, an Economic degree will demand their students to combine empirical evidence with economic theory, analyse problems with concrete statistics, and  understanding current affairs along with their causes and effects.

  • Financial Economics
  • Economics and Law
  • Development Economics
  • Applied Economics
  • Economic Integration
  • Quantitative Economics
  • International Trade
  • Microeconomics
  • Macroeconomics

Administration & Management

Business administration & management is a special breed within the business arena, as its syllabus typically encompasses every business specialisation: marketing, finance, economics, etc. As this degree aims to breed a new generation of leaders in the business sector (though it is applicable in many industries as well).

As mentioned briefly above, here are some of the classes you will encounter:

  • Computer Literacy and Business Applications
  • Business Communication
  • Principles of Management
  • Principles of Marketing
  • Spreadsheet Essentials
  • Entrepreneurship
  • Business Math Applications
  • Principles of Human Resources
  • Business Law and Ethics

Of course these are merely some very generalised branches of business, there are more specific sub-branches within the mentioned business specialisations, or other specialisations that we did not include. To know more, please reach out to us!

Recommended Universities to Study Business:​

And finally, we will recommend some universities to study business, while listing all of the business majors available. This list is based on the QS World Ranking for each university’s Bachelor’s program in Business/Commerce. They are guaranteed to be credible, as they rank their subjects based on:

  • High enrolment rate in the program
  • High courses satisfaction rates among students and recent graduates
  • High employment rate

Without further ado, here all all the undergraduate business degrees.

1. The University of Melbourne

The University of Melbourne is one of the top universities in Australia, their business and commerce programmes upholds the #20 rank in the QS World Rankings. Undergraduate:
Programme Name Majors Indicative fee (2020)
Bachelor of Arts Economics AUD $35,552 – $40,536
Bachelor of Commerce Accounting AUD $41,840 – $44,756
Actuarial Studies
Business
Economics
Finance
Management
Marketing

2. The University of Western Sydney

Securing a 26th spot in the 2019 QS World Rankings, The University of Western Sydney provides a variety of undergraduate and postgraduate degrees with all sorts of majors. Undergraduate:
Programme Name Majors Indicative fee (2020)
Bachelor of Accounting Financial Planning AUD $26,760
Taxation
Financial and Planning
Bachelor of Business Applied Finance AUD $41,840 – $44,756
Economics
Property
Hospitality Management
International Business
Marketing
Sport Management
Human Resource Management
Management

3. Monash University

Study Engineering in Australia
Another top university in Australia is Monash University. Based in Melbourne, their business programmes are ranked at #36. Undergraduate:
Programme Name Majors Indicative fee (2020)
Bachelor of Accounting N/A AUD $45,000
Bachelor of Actuarial Science
Bachelor of Banking and Finance
Bachelor of Business  Accounting
Banking and Finance
Business Law
Business Management
Business Statistics
Economics and Business Strategy
Human Resource Management
International Business
Marketing
Taxation
Bachelor of Business Management Accountancy
Business Administration Studies
Economics and Business Decision
Finance and Economics
Management Practice
Marketing and Communications
Bachelor of Commerce Accounting
Actuarial Science
Behavioural Commerce
Business Analytics
Business Law
Econometrics
Economics
Finance
Management Studies
Marketing Science
Sustainability
Bachelor of Economics N/A
Bachelor of Finance
Bachelor of International Business
Bachelor of Marketing

4. Kaplan Business School

Kaplan Business School dedicates all their resources into their business degrees, making a mark as an excellent business-focused university in Australia. Undergraduate:
Programme Name Indicative fee (2020)
Bachelor of Business AUD $51,600
Bachelor of Business (Accounting) AUD $51,600
Bachelor of Business (Hospitality Management) AUD $51,600
Bachelor of Business (Marketing) AUD $51,600
Bachelor of Business (Management) AUD $51,600
Bachelor of Business (Finance) AUD $51,600

5. The University of Queensland

The University of Queensland provides a whole range of degrees that targets specific specialisations within the business world. It is also ranked as the top 100 in the QS World Ranking. Undergraduate:
Programme Name Majors Indicative fee (2020)
Bachelor of Advanced Business (Honours) Accounting AUD $43,888
Business Analytics
Business Information Systems
Entrepreneurship and Innovation
Finance
Human Resource
International Business
Marketing
Bachelor of Agribusiness N/A AUD $43,504
Bachelor of Arts Economics AUD $34,208
Bachelor of Business Management Advertising AUD $42,272
Business Economics
Business Information Systems
Human Resource
International Business
Marketing
Bachelor of Commerce Accounting AUD $43,644
Business Information Systems
Finance
Bachelor of Economics Business and Industry AUD $42,272
Economics and Public Policy
International Trade and Finance
Natural Resource and Environment
Quantitative Methods
Bachelor of Information Technology Computer Systems and Networks AUD $45,120
Enterprise Information Systems (Dual Major)
Software Design
Software Information Systems
User Experience Design
Bachelor of International Hotel and Tourism Management Event Management AUD $42,272
Hospitality Management
Tourism Management
Bachelor of Politics, Philosophy and Economics Economics AUD $42,272
Philosophy
Politics

Hopefully this helps put things into perspective! But if you have anymore question, please don’t hesitate to contact us.

Contact us to find out more
International Student enquiries:
Phone: +60182414802
Email: info.my@exceleducation.com.au

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About Post Author

Jude Chong
A content writer & a student of University of Nottingham studying Bachelor of Communications. I like indie bands and meeting new people 🙂

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