Master of Business Innovation - B6027

Business Innovation

Expert master degree

Ever wondered how to successfully innovate?

Do you see business models, processes and policies that need to be reformed or replaced?

Indonesia is a developing country with the world's 10th largest economy, and it will continue to enjoy a demographic dividend until 2030.  This dividend, which is so important to Indonesia's long term prosperity, has been sorely disrupted by the COVID-19 pandemic.

Accompanying this disruption are opportunities for policy and enterprise leaders to forge innovative solutions that will enhance social outcomes and generate new sources of value.

The Master of Business Innovation offers frameworks which are drawn from management, marketing, finance and economics to equip you with the skills needed to further Indonesia's growth potential.

By enhancing your leadership skills and fostering innovative thinking from concept to execution, the Master of Business Innovation provides a platform to develop your ability to innovate in real-world situations.

Discover where this Monash degree can take you

By studying a Master of Business Innovation degree at Monash University, you will learn to develop innovative business solutions to Indonesia’s greatest challenges.

Watch this video to learn more.

Master of Business Innovation

Reap the benefits of joining an internationally focused and renowned community of scholars by studying at Monash University’s new Jakarta campus.

You will get broad experience across a range of areas, including:

  • Innovation as a source of value creation
  • Business model design and strategy
  • Operations management and the theory of constraints
  • Formal and informal institutions and the 'rules of the game'
  • Resource allocation and business performance
  • Risk Management

You will be encouraged to explore and experiment under the guidance of experienced teachers, who will share modeling tools to help you analyse real-world challenges.

Your fellow students will come from a wide variety of backgrounds, and share the same drive and ambition to develop world-class skills and join the next generation of leaders in Indonesia.

Through your studies, you will earn an internationally recognised degree from one of the most respected and awarded global universities, ranked number 55 in the world according to the QS World University Rankings in 2021.

Documentation required to complete your application is outlined in the Application and Fees section.

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At a glance

Course Details

Note:

Location: Monash Indonesia

Qualification: Master of Business Innovation

Duration
1.5 year full-time / 3 years part-time (estimated) depending on prior qualifications. See entry requirements.
Start date
2022 intake: October
Course Handbook

The Master of Business Innovation is split into three main parts which you will complete to earn the full masters degree.

Foundation skills and knowledge

Here, you will gain insight into:

  • Resource allocation
  • Strategic management for innovation
  • Regulation, prices, and markets
  • Theory and practice of innovative marketing

Application and implementation

Once you have built foundation knowledge, you will study:

  • Financial approaches to calculating value and risk
  • Risk and regulation in the digital age
  • Strategic leadership
  • Managing distribution channels

Mastering innovation

Then you will gain a deep understanding of:

  • Design thinking for business
  • Creativity and entrepreneurship
  • Poverty, inequality, and opportunity
  • Entrepreneurial innovation

Entry Requirements

You need to satisfy the following entrance requirements to be considered for entry to this course.

Minimum entrance requirements for admission to Monash University.

Minimum Entry Requirements (Domestic students)

Qualifications

Depending on prior qualifications:

Entry

Entry level 1: 72 points to complete Duration: 1.5 years full time, 3 years part time

An Australian bachelor degree (or equivalent) and a minimum of two years relevant work experience or qualification/experience approved by the faculty.

OR

A four-year Australian undergraduate honours degree (or equivalent) or qualification/experience approved by the faculty.

English requirements

Applicants must also meet the English language requirements.

We offer a packaged English program for students who need help prior to commencing their course.

Intake for October 2022

  • MEB program commencement date: To be advised
  • Program completion date: To be advised

The English Language program will be delivered online through the Monash Virtual classroom. Delivery is a combination of online teacher- led instruction and self-directed learning.

Class hours: Approximately 12 hours distributed across each week, including Saturdays plus extra self-study

The fee for the English Language Program is: IDR 20.8 million.

*Details are subject to change

Monash Indonesia students will typically complete their course across four six-week teaching periods.  Each teaching block is followed by a one week study period and a one week final assessment period.

The course has been designed so that students who wish to study full-time and work full-time may do so, providing they are available for class from 2pm until 9pm on Friday and 10am until 5pm on Saturday. For students that wish to study part-time they may attend either Friday or Saturday classes.

Your academic plan will determine the number of subjects you take.

  • Full time students typically take 2 subjects per teaching period (a subject is equal to 6 credit points)
  • Part time students typically take 1 subject per teaching period.

To graduate with a full Master of Business Innovation degree students take 12 subjects.

The course is structured in three parts: Part A. Advanced preparatory studies, Part B. Mastery knowledge and Part C. Application studies. All students complete Part B. Depending upon prior qualifications, you may receive credit for Part A or Part C or a combination of the two.

Students may exit early and still obtain a qualification.*

There are two exit points for this program. Minimum requirements for both are below:

  • Graduate Certificate (4 completed subjects / 24 credit points)
  • Graduate Diploma (8 completed subjects / 48 credit points)

* Providing that students have met the minimum course requirements for the exit point. Students are advised to discuss their plans with their course advisor.

Note that if you are eligible for credit for prior studies you may elect not to receive the credit.

Term 1 2021 timetable*

CourseUnit nameUnit codeDayDateStart timeEnd timeTeaching mode
Master of Business Innovation
Regulation, prices and markets ECI5953 Saturday 9/10/2021,16/10/2021,
23/10/2021,30/10/2021,
6/11/2021,13/11/2021
10:00 17:00 Live Stream
The theory and practice of innovative marketing MKI5955 Friday8/10/2021,15/10/2021,
22/10/2021,29/10/2021,
5/11/2021,12/11/2021
14:00 21:00 Live Stream

*Monash University, Indonesia is committed to adapting our teaching and learning, campus experiences and operations to ensure the health and safety of our community while giving the best education delivery to our students. Due to current COVID-19 restrictions in Jakarta and South Tangerang, Term 1 will commence online until restrictions allow onsite education. Our commitment to give you the great quality of education experience will be our priority. We will keep our Indonesia campus community informed as the situation continues to evolve and look forward to welcoming you to our new campus as soon as it is safe to do so.

Credit pathways to other degrees

You may be eligible to transfer from your course in Indonesia to a similar course in Australia. Your course plan must accommodate this as an option, including your timetable or credit requirements.

If you study the Master of Business Innovation in Indonesia, you may be eligible to transfer to the Master of Business in Australia.

Please note that there may also be fee differences between locations.

Making the application

Future students

2022 Intake (October)

Apply directly to Monash using course code B6027.

Application closing date to be advised

Apply

For all intakes applicants are encouraged to apply as early as possible so that Monash can discuss your personal circumstances.

When submitting your application online, please provide:

  • academic documentation, including academic transcripts, graduation certificates and grading scales (indicating graduation requirements)
  • You may also need to provide evidence of your English proficiency, e.g. IELTS or TOEFL or PTE test results (if applicable).
  • If you are applying for a course that has selection and/or extra requirements, please also provide the necessary documentation with your online application.

If your qualifications are in a language other than English, you must provide certified translated copies. Monash prefers NAATI qualified translators.

As this course requires work experience, you must send us your curriculum vitae, along with translated and certified copies of work reference letters from previous employers. Reference letters should be set out on original company letterhead and include the following detail:

  • your job title
  • whether you were full-time or part-time
  • a precise description of your duties
  • dates of employment
  • full name, title and signature of the writer

You will be required to provide original or certified academic documentation (or other supporting documents) upon request. Should you fail to provide these if requested, your enrolment may be cancelled.

Monash University reserves the right to refuse documentation on the grounds of incorrect certification and translation. For further information on documentation and certification, please refer to our website.

Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer.

Self assess for credit eligibility

If you have completed any relevant previous study, work experience or other learning, you can be assessed for credit towards a course at Monash. You may check your credit eligibility using the "Credit search" link on the Credit for prior study page.

Fees

IDR 26 million per 6 credit point unit. Fees quoted are for Indonesian nationals.

To graduate with a Masters degree students take 72 credit points.

Total cost for a 72 credit point Master of Business Innovation degree is IDR 312 million.

Please note that fees are subject to change annually.

Fees are to be paid prior to course commencement.

Scholarships

To commemorate the opening of our Monash Indonesia campus, we will be offering our inaugural cohorts of students a ‘Monash Indonesia Welcome Grant’ with 15% reduction of your tuition fee if you enrol full-time (12 credit points per term), or 7.5% reduction if you enrol part-time (6 credit points per term).

These amounts are awarded as credit towards tuition fees and are subject to Monash terms and conditions.