Australian Business Degree Specialisations

Australia is known for its diverse and dynamic economy, which has created a high demand for skilled business professionals. Australian universities offer a range of business disciplines to equip students with the knowledge and skills needed for success in various industries both globally and in Australia.

Here are some of the different business disciplines available in Australia:

1. Accounting & Commerce

Accounting is a fundamental discipline in the world of business. It involves recording, summarising, analysing, and interpreting financial transactions of a business. Students can study accounting at both undergraduate and postgraduate levels. Graduates of accounting programs can work in various industries, including banking, finance, and accounting firms.

Commerce studies, on the other hand, is a broader scope business discipline that covers a range of business-related subject areas. It generally encompasses the study of business management, economics, marketing, finance and accounting. Commerce studies aims to provide students with a well-rounded understanding of business operations, including how to manage people, systems, and processes to achieve set business objectives.

In summary, accounting studies focus specifically on the financial aspects of business, while commerce studies cover a broader range of business-related subjects. Accounting is a subset of commerce, and students who pursue a commerce degree may choose to specialise in accounting as one of their major subjects.

Here are some of the best universities for Accounting and Commerce in Australia:

• The University of New South Wales - UNSW Business School
• The University of Melbourne - Melbourne Business School
• The University of Sydney - The University of Sydney Business School
• Monash University - Monash Business School
• Australian National University - ANU College of Business and Economics
• The University of Queensland - UQ Business School
• University of Technology Sydney - UTS Business School
• Macquarie University - Macquarie Business School
• Deakin University - Deakin Business School
• RMIT University - RMIT Business School

These universities offer a range of Accounting programs at both undergraduate and postgraduate levels. Graduates of these universities are highly sought after by employers in the accounting industry.

2. Banking & Finance

Banking and Finance is a discipline in a Business degree that focuses on the functioning and management of financial institutions such as banks, credit unions, and other lending institutions. The Banking and Finance discipline covers topics related to financial markets, financial instruments, credit risk, interest rates, financial regulations, and the management of financial institutions.

In a Banking and Finance program, students will study different types of financial products, such as loans, savings accounts, and credit cards, as well as the regulations that govern these products. They will also learn about investment banking, corporate finance, and financial analysis. The Banking discipline also covers topics related to the management of financial institutions, such as risk management, asset-liability management, and financial planning.

A degree in Banking and Finance can lead to a career in various areas of finance, such as commercial banking, investment banking, financial analysis, asset management, and financial consulting. Graduates of a Banking degree may work in various roles in the financial industry, including bank management, financial planning, risk management, and investment analysis.

Here are some of the top universities in Australia for Banking and Finance:

• The University of New South Wales - UNSW Business School
• Monash University - Faculty of Business and Economics
• The University of Sydney - Business School
• The University of Melbourne - Melbourne Business School
• Australian National University - ANU College of Business and Economics
• The University of Western Australia - UWA Business School
• The University of Queensland - UQ Business School
• RMIT University - College of Business
• University of Technology Sydney - UTS Business School
• Deakin University - Deakin Business School

Each of these universities has its own unique strengths and advantages when it comes to Banking and Finance studies. It is recommended that you research each university in detail and choose the one that best suits your needs.

3. Economics

Economics programs are about understanding and analysing the production, consumption, and allocation of goods and services.

They cover topics such as:

• Microeconomics: This branch of economics deals with the behaviour of individuals, households, and firms in the market. It includes topics like supply and demand, consumer theory, producer theory, pricing, and market structures.
• Macroeconomics: This branch of economics deals with the overall performance of the economy, including topics such as gross domestic product (GDP), inflation, unemployment rate, monetary and fiscal policies, and international trade.
• Business Economics: This covers economics principles and models that apply to businesses, including market analysis, competitive strategy, pricing, and cost management.
• Economic Policy: This focuses on the role of government in the economy, including fiscal and monetary policies, trade policies, and international cooperation.
• Econometrics: This field of study involves the application of statistical methods to the analysis of economic data.
• International Economics: This branch of economics deals with the study of trade between nations, global finance, and globalization.
• Development Economics: This field of study looks at economic growth, income inequality, poverty, and development strategies in emerging and developing economies.
• Economics programs can lead to careers in areas such as banking, finance, consulting, and government policy making.

Here are some of the best universities for Economics in Australia:

• Monash University - Monash Business School
• Australian National University - ANU College of Business and Economics
• The University of Melbourne - Melbourne Business School
• The University of New South Wales - UNSW Business School
• The University of Sydney - The University of Sydney Business School
• The University of Queensland - UQ Business School
• University of Technology Sydney - UTS Business School
• Deakin University - Deakin Business School
• The University of Adelaide - UoA Business School
• The University of Western Australia - UWA Business School

Graduates of these universities are highly sought after by employers in the human resource management industry.

4. Entrepreneurship & Innovation

Entrepreneurship and Innovation involves starting and managing a business venture. It includes identifying business opportunities, developing business plans, and securing financing. Entrepreneurship and Innovation programs are offered at both undergraduate and postgraduate levels. Graduates of Entrepreneurship and Innovation programs can start their own businesses or work in startup companies.

Here are some of the top universities in Australia for Entrepreneurship and Innovation:

• Queensland University of Technology – Faculty of Business and Law
• The University of Queensland - UQ Business School
• Swinburne University – School of Business Law & Entrepreneurship
• RMIT University - College of Business
• University of Western Australia - UWA Business School
• The University of New South Wales - UNSW Business School
• Deakin University - Deakin Business School
• Griffith University - Griffith Business School
• Monash University - Monash Business School
• The University of Melbourne - Melbourne Business School

Each of these universities has its own unique strengths and advantages when it comes to Entrepreneurship and Innovation studies. It is recommended that you research each university in detail and choose the one that best suits your needs.
 

5. Human Resource Management

Human Resource Management (HRM) involves managing employees in an organisation. It includes recruitment, training, performance management, and employee relations. HRM programs are offered at both undergraduate and postgraduate levels. Graduates of HRM programs can work in human resources departments of various organisations.

Here are some of the best universities for HRM in Australia:

• Griffith University - Griffith Business School
• Monash University - Monash Business School
• The University of Melbourne - Melbourne Business School
• The University of New South Wales - UNSW Business School
• The University of Queensland - UQ Business School
• Queensland University of Technology – Faculty of Business and Law
• The University of Sydney - The University of Sydney Business School
• RMIT University - College of Business
• University of Technology Sydney - UTS Business School
• Macquarie University - Macquarie Business School

These universities offer a range of human resource management programs at both undergraduate and postgraduate levels. Graduates of these universities are highly sought after by employers in the human resource management industry.

6. International Business

International Business involves conducting business activities across national borders. It includes international trade, foreign investment, and global logistics. International business programs are offered at both undergraduate and postgraduate levels. Graduates of international business programs can work in multinational corporations, trade organisations, and government agencies.

Here are some of the top universities in Australia for International Business:

• Australian National University - ANU College of Business and Economics
• University of Melbourne - Melbourne Business School
• University of Sydney - Business School
• University of New South Wales - UNSW Business School
• The University of Adelaide - UoA Business School
• Monash University - Faculty of Business and Economics
• University of Queensland - UQ Business School
• University of Western Australia - UWA Business School
• Griffith University - Griffith Business School
• University of Wollongong – UOW Business School

Each of these universities has its own unique strengths and advantages when it comes to International Business studies. It is recommended that you research each university in detail and choose the one that best suits your needs.