Master of International Business
Student type:
Quick facts
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Entry score
Not applicable
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Duration
Full-time 1.5 years or Part-time equivalent -
Location
Online, Melbourne City -
Fees
AU$31,680 (2020 annual)
Next intake
February, July, RMIT Online Entry score
IELTS 6.5
Duration
Full-time 2 years or 1.5 years accelerated Location
Online, Melbourne city
Overview
Take your career to the next level
Gain the skills required to investigate complex problems and address the important challenges of sustainable international business.
Gain the skills to manage and lead
Study specialised courses in global business and sustainable futures and choose from a wide range of elective courses that give you the flexibility to undertake complementary studies in line with your career aspirations.
Learn here, succeed anywhere
At RMIT, we understand the importance of providing students with real-world experiences and the skills to succeed in a rapidly evolving job market.
The Master of International Business is designed with the oversight of an Industry Advisory Board to ensure students graduate with the skills required to be successful in business in both domestic and international environments.
Details
Gain the skills you need to investigate complex problems and address the important challenges of sustainable international business.
The Master of International Business is designed for students seeking global careers in private, public or not-for-profit organisations. It will provide you with the skills to critically engage with the concepts, theories and methods, as well as the contemporary practices of international business including research, operational leadership, cross-cultural competency, analytical and technical competency, problem-solving and effective communication.
This degree is available:
- at the Melbourne City campus, offering up to two intakes a year
- online through Open Universities Australia (OUA), offering up to four intakes a year.
Most courses are presented in regular 3-hour classes, together with some periods of intensive teaching during the evenings, or as full day or weekend sessions at the Melbourne City campus. The exact format varies from course to course. Students might be required to undertake solo or group work, and independent study and project work outside of teaching periods.
RMIT offers a variety of learning and teaching approaches including lectures, seminars, studios, workshops, presentations, group discussions and syndicate work. In addition, you will have access to online and digital resources such as lecture notes, assessment tools, discussion boards and podcasts through myRMIT.
Through RMIT University’s online learning portal, myRMIT, you will be able to view online resources and learning activities created by lecturers, access course materials via Blackboard, collaborate with lecturers and fellow students, and access your student email account.
Educational software, the Learning Hub, other online and digital resources and printers are accessible on campus via the RMIT wireless network using your own laptop, tablet or smart phone or via computer facilities on-campus. You will be able to access the same software from home using myDesktop.
Find out more about student computing at RMIT.
Methods of assessment will vary between courses and may involve writing reports and essays, research and reasoning, and oral presentations. Assignments and projects may be based on case study scenarios, specific problems, real-life applications of theory in practice, business simulations and research. They may be undertaken in teams or individually.
Guiding the development of the College of Business, both nationally and internationally, is an Industry Advisory Board of high-profile executives chaired by Gerhard Vorster, Chief Strategy Officer, Deloitte. The Board creates a strategic bridge between the latest in technology and design thinking and business.
Work-connected and industry-relevant options available for this degree include:
- Working in a student team as part of the Fastrack Innovation Program. In this elective course you will work with mentors to develop and present a solution to a real problem. This form of fast-prototyping is designed so that external organisations can tap into fresh thinking from RMIT students.
- A Business Internship elective where you take up a position for one or two days per week for one semester. This position is normally unpaid and is designed to develop your soft skills and increase your overall employability upon graduation.
- BUSM4598 Business Skills for Start Ups, a course designed for students interested in starting up their own business.
Global study and work is a unique feature of the degree. You can combine an overseas travel and cultural experience with coursework completed in intensive mode and have this credited towards your degree. They depart during the Australian summer or winter vacations and are usually undertaken in the final semester of the master degree.
If you are planning to include a study tour as part of your degree, you are advised to check that you have the required number of student electives or credit points available.
Other global mobility options available for this degree include:
- Study abroad
- Student exchange
- Global Entrepreneurship and Internship Program (GEIP).
- 1.5 years full-time or part-time equivalent (with advanced standing)
- 2 years full-time or part-time equivalent (without advanced standing)
For further information about advanced standing see Credits and Masters exemptions.
Depending on your previous studies and experience you could also be eligible for credit towards your program. Credit granted may reduce the amount of study you need to complete.
For more information please see RMIT’s credit transfer and recognition of prior learning policy.
- 1.5 years (with advanced standing)
- 2 years (without advanced standing)
For further information about advanced standing see Credits and Masters exemptions.
International student visa holders can only study full-time.
The Master degree comprises core and elective courses.
- Study specialised courses in global business and sustainable futures.
- Contemporary Issues in International Management in the first year of the program requires you to study in-depth an important management issue of current interest.
- The wide range of elective courses available at RMIT gives you the flexibility to undertake complementary studies in line with your career aspirations.
- Explore a complex problem, and test and evaluate potential solutions with industry and community stakeholders in the course Business Research Design.
Core courses, case studies and learning activities will provide you with the capacity to address the international regulation of business, apply critical common sense to corporate and societal issues, act responsibly, and understand the consequences of actions beyond your immediate work environment.
If you are interested in starting up your own business, you may want to find out more about BUSM4598 Business Skills for Start Ups, an elective course that covers the key stages of enterprise formation from concept through to launch.
Program plans
Plans are variations offered for a program such as specialisations, modes of delivery or location. Browse a plan to see the courses our students are currently studying.
MC192EXE15
Melbourne City Campus, Full-time 1.5 years or Part-time equivalent
Program plans
Plans are variations offered for a program such as specialisations, modes of delivery or location. Browse a plan to see the courses our students are currently studying.
MC192EXE15
Melbourne City Campus, Full-time 1.5 years or Part-time equivalent CRICOS 078875D
MC192P15
Melbourne City Campus, Full-time 2 years CRICOS 078875D
Career
You will graduate with a broad approach to methods and practices of contemporary international business. These attributes make our graduates a valuable asset to multinational corporations, joint ventures, financial institutions, law firms, consulting firms and manufacturers of both goods and services for whom catering to a global clientele is core business. The following are some of the most common positions available in the international business field:
- International Business Development Manager/Consultant
- CSR (Corporate Social Responsibility) Manager
- Sustainable Business Manager/Consultant
- International Mergers and Acquisitions Specialist
- International Investment Manager
- Import/Export Agent.
Course accreditation or membership offered by professional bodies signals to employers the quality and relevance of RMIT's courses and opens up career pathways and networks.
Professional bodies accredit or recognise courses as meeting professional and academic standards deemed to be essential for a new graduate entering into that profession. An accredited course will either enable the graduate to enter directly into a professional qualifications program or provide the graduate with exemptions or credit towards a post university professional qualification.
Statutory accreditation
This type of accreditation is where a statutory body must approve a course of study in order for a graduate to practise in that profession.
Membership
Professional bodies or associations are representative organisations of professions that provide membership and other career development support to its members. Many professional bodies offer membership opportunities for students and new graduates with benefits such as career advice, networking within the profession and access to resources not available through the university. The aim of these benefits is to assist with your transition from university into the profession.
Master of International Business
Current course accreditations and information about membership and development opportunities for students and graduates.
Institute of Managers and Leaders (IML)
Membership and opportunities
- Graduates eligible for membership category: Affiliate
Visit the Institute of Managers and Leaders website
Export Council of Australia (ECA)
Membership and opportunities
- Students eligible for membership category: Student
- Graduates eligible for membership category: Individual
Visit the Export Council of Australia website
Admissions
- An Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline from a recognised tertiary institution; or
- An Australian bachelor degree or equivalent in any discipline and a minimum of three years full-time equivalent management experience*; or
- The RMIT Graduate Certificate in International Business.
*Applicants will be required to submit a curriculum vitae (CV).
2 year duration
You must have successfully completed an Australian Bachelor degree (or equivalent overseas qualification) or higher level qualification in any discipline.
1.5 year duration
You must have successfully completed:
An Australian Bachelor degree, Graduate Certificate, Graduate Diploma or Masters degree (or equivalent overseas qualification) in Business (or a related discipline).
OR
An Australian bachelor degree (or equivalent overseas qualification) in any discipline and a minimum of three years full-time equivalent management experience*.
OR
The RMIT Graduate Certificate in International Business.
* Applicants will be required to submit a curriculum vitae (CV).
Entry requirements
To study this program you will need to complete one of the following English proficiency tests:
- IELTS (Academic): minimum overall band of 6.5 (with no individual band below 6.0)
- TOEFL (Internet Based Test - IBT): minimum overall score of 79 (with minimum of 13 in Reading, 12 in Listening, 18 in Speaking and 21 in Writing)
- Pearson Test of English (Academic) (PTE (A)): minimum score of 58 (with no communication band less than 50)
- Cambridge English: Advanced (CAE): minimum of 176 with no less than 169 in any component.
For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.
Don't meet the English language test scores? Complete an English for Academic Purposes (EAP) Advanced Plus Certificate at RMIT English Worldwide.
Pathways
Advanced standing
If you have completed an Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline from a recognised tertiary institution, you will receive exemptions from the four business enabling courses.
Masters exemptions
If you have successfully completed one of the following qualifications you will be eligible for exemptions as detailed in the table below.
The masters exemptions listed indicate the maximum exemptions offered, including advanced standing and courses where content matches previous study.
| Qualification level | Masters exemptions offered | Remaining program duration* |
|---|---|---|
| Bachelor degree (AQF level 7) - any discipline and a minimum of three years full-time equivalent management experience | 48 credit points (equivalent to one semester [6 months] of full-time study) | 144 credit points (equivalent to three semesters [1.5 years] of full-time study) |
| Bachelor degree (AQF level 7) - business-related discipline | 48 credit points (equivalent to one semester [6 months] of full-time study) | 144 credit points (equivalent to three semesters [1.5 years] of full-time study) |
| Bachelor degree (Honours) (AQF level 8) - business-related discipline | 48 credit points (equivalent to one semester [6 months] of full-time study) | 144 credit points (equivalent to three semesters [1.5 years] of full-time study) |
| Graduate Certificate (AQF level 8) - in the same discipline | Up to 96 credit points (equivalent to two semesters [1 year] of full-time study) | 96 credit points (equivalent to two semesters [1 year] of full-time study) |
| Graduate Diploma (AQF level 8) - in the same discipline | Up to 120 credit points (equivalent to two-and-a-half semesters [1.5 years] of full-time study) | Up to 96 credit points (equivalent to two semesters [1 year] of full-time study) |
| Master degree (AQF level 9) - business-related discipline | Up to 120 credit points (equivalent to two-and-a-half semesters [1.5 years] of full-time study) | Up to 96 credit points (equivalent to two semesters [1 year] of full time study) |
* Duration indicated is the normal study duration; for some programs spring and summer semesters may be offered, reducing the study time.
If you have a major in a non-business discipline and do meet meet the management experience requirement, you will begin your studies at graduate certificate level. The graduate certificate provides an entry pathway that considers non-managerial work experience and tertiary studies other than in a business-related discipline.
Upon successful completion of the Graduate Certificate in International Business you will be admitted to the Master program, which requires the successful completion of further courses.
Credit
You may also be eligible for further credit. Learn more about eligibility for credit transfer and recognition of prior learning.
Exemptions from this program will be assessed consistent with the principles of the RMIT Credit Policy.
When you successfully complete the Graduate Certificate in International Business you are guaranteed entry into the Master of International Business with 1 semester of advanced standing (equivalent to 48 credit points).
Alternatively, you can gain entry from a range of RMIT undergraduate programs.
Masters exemptions
You may be eligible for advanced standing up to a maximum of 2 semesters (equivalent to 96 credits points). Eligibility for advanced standing is based on your previous studies and is assessed on a case by case basis.
Learn more about eligibility for credit transfer and recognition of prior learning.
Fees
2020 indicative annual fees
Full-fee places: AU$31,680*.
Additional expenses
- Student services and amenities fee (SSAF): AU$308* maximum fee for 2020.
- Other items related to your program, including field trips, textbooks and equipment.
Annual fee adjustment
*Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.
Fees are adjusted on an annual basis and these fees should only be used as a guide.
Defer your payment
This program is offered on a full-fee paying basis only. If you are offered a place, you will need to pay the full tuition costs of your program. However, eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
Learn more about fees for postgraduate study.
How does a HELP loan work?
If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.
You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying). The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.
For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.
In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student. The SSAF is calculated based on your enrolment load and the maximum fee for 2020 is $308.
You may be eligible to apply to defer payment of the SSAF through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.
For more information about calculating your actual SSAF see Paying SSAF.
You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.
The annual tuition fee for 2020 is AU$38,400.
The total indicative tuition fee for 2020 commencement is AU$77,760 (full 2 year program plan MC192P15).
For students who meet the entry requirements for the 1.5 years program (program plan MC192EXE15), the total indicative tuition fee for 2020 commencement is AU$58,080.
If you do not meet the entry requirements, you will be offered a place in the full two year program.
In addition to tuition fees you also need to pay for:
- Student services and amenities fee (SSAF) in each calendar year.
- Overseas Student Health Cover (OSHC) - Student visa holders must have cover for the total duration of their visa.
- Some programs incur additional expenses.
You also need to account for your living expenses. Estimate the cost of living in Melbourne.