According to the Australian Government 2019 Employment Projections Report [Available at https://docs.employment.gov.au/system/files/doc/other/australianjobs2019.pdf , viewed 8 July 2020] – for the five years to May 2024, projected annual employment growth for all managerial occupations is 6.2%. If we break that down into “specialist managers” we see greater predicted increases. For example, Business Administration Managers (12.1%), Corporate Services Managers (14.9%) and Research and Development Managers (10%).
The Graduate Diploma in Management is designed for those students who are seeking to broaden their skills and expand their employment opportunities, or as a pathway to further education. Students will develop key foundation competencies to successfully carry out a management role. The course will develop knowledge and skills related to key management functions such as financial and quantitative business analysis, economic analysis, entrepreneurial and global marketing management opportunities, as well as the legal issues that affect managers, and leaders of organisations. The Graduate Diploma in Management can be taken as a stand-alone course or as a pathway to the Master of Business Administration or Master of Professional Accounting.
Study Mode: Face to face
Duration: Full-time, 1 year (2 trimesters)
Ground, 123 Lonsdale Street, Melbourne, VIC. 3000
8 core units The Graduate Diploma in Management is an entry and exit course and allows articulation into the Master of Business Administration (MBA) and Master of Professional Accounting (MPA).
Domestic School Leavers: n/a
– An IELTS (International English Language Testing Service) score of 6.0 with no band less than 6.0 or equivalent from an approved IELTS provider to enter the Graduate Diploma; or
– Successful completion of the English for Academic Purposes (EAP) A program (10 weeks) at Ozford English Language Centre or other English Language Centres endorsed by The NEAS (National English Language Teaching Accreditation Scheme) Quality Assurance which will meet the IELTS outcomes equivalent to IELTS 6.0 to enter the Graduate Diploma; or
– Completion of an AQF Level 7 (or higher) qualification that was studied in Australia in English within the past two years; or
– Completion of a higher education qualification in English awarded by a recognised university in which English is the primary language.
Students must be minimum eighteen years of age prior to commencing a course at the Institute.
Age Entry Requirement
This unit is designed to give students the skills to effectively communicate clearly and coherently to engage and interact with a range of stakeholders in a business environment using appropriate language and communication strategies. Through class presentations, role-play and interactions in the class, students will develop skills and knowledge for technology-based effective oral and written presentation and articulate the most appropriate communication style that pays due attention to contextual, social, health and safety, ethical and cultural considerations. Students will also be introduced to research methods and writing research reports which will be required for research-related assessment tasks for students who progress to the Master of Business Administration or Master of Professional Accounting.
Developing excellent communication skills is extremely important to your career success, whether you are already working or are about to enter today’s increasingly digital workplace. Employers often rank communication skills among the most requested competencies. Communication skills include writing, reading, listening, nonverbal, and speaking skills.
This unit is aimed at improving students’ oral and written communication skills and raise their team spirit.
This unit improves the students’ ability to understand the cause and effect of recording business transactions both through manual and computer based systems and produce the relevant accounting reports that are the outputs of the accounting process. It requires the students to use, adapt, evaluate and manage available accounting software that support the overall accounting functions. The students will learn how to use relevant accounting software (e.g., MYOB or QuickBooks or Xero) to record payroll, accounts receivable/accounts payable, inventory, GST, superannuation, PAYE transactions and prepare journal, ledger, trial balance, income statement, balance sheet and other relevant statements using accounting software. The unit also aims at providing students with the skills and techniques to select financial information relevant to particular business decisions and analyse and interpret accounting data to evaluate the financial status of a business. In general, this unit will lay a solid foundation for further studies in accounting.
This unit introduces students to the concepts of data analysis and data visualisation techniques for solving business problems. The importance of data visualisation as part of data analysis and for the communication of results is also covered. Students will review statistical data including sampling and probability distribution in forecasting from time-series data, hypothesis testing and regression analysis. Students will develop their problem-solving skills by using various mathematical, data analysis and data visualisation techniques with computer software to effectively communicate the results of this analysis.
Students will examine how information, knowledge, data and enterprise information systems can be used strategically for improvement of business processes. Students will learn how to develop innovative and practical solutions for business problems, while gaining expertise on e-commerce, information and knowledge management, business intelligence and decision making, and business process management and innovation. This unit will develop students’ ability to design, implement and operate information and enterprise resource planning systems, database management systems, computer-based accounting systems and cyber security systems, within an ethical, legal and social framework.
This unit examines the operation of the economy at the micro and macro-economic levels. Students will examine the factors that influence the behaviour of consumers, firms and markets. At the micro level, it covers the fundamental economic concepts of scarcity, utility, demand, price, cost, supply, laws of diminishing marginal utility, laws of demand and supply and price, and pricing under monopoly, oligopoly and perfectly competitive markets.
At the macro level the students will examine the factors that affect the whole economy such as, national Income, GDP, GNP, economic growth, inflation and unemployment and the role of the government, the national budget, and the Central Bank in managing economic fluctuations. Emphasis is placed on the interrelationship between real world situations and the application of economic theory to practical scenarios.
This unit introduces students to the Australian legal environment and examines a number of commercial laws that are central to business, such as, Contract Law, Laws of Agency, Consumer Protection Law, Insolvency Law and Law of Tort. Emphasis will be placed on the understanding of legal reasoning and on the application of legal principles to actual business situations and entrepreneurial activities. It also introduces students to corporate regulation in Australia and a range of legal issues faced by incorporated entities in Australia. Important issues that will be examined include formation, registration and legal status of companies; company constitution, legal rights, duties and obligations of creditors, shareholders and directors; corporate governance, meetings and voting; Disclosure documents and ASIC lodgement; company restructuring and liquidation; rights of creditors and division of assets.
This unit introduces students to core entrepreneurship theory and concepts and applies these to the realities of entrepreneurial activity and decision making and a contemporary global context. The unit investigates business strategy and entrepreneurship and provides a framework for understanding relevant theory and its application. This unit focusses on developing skills and knowledge necessary for the planning, development and implementation of entrepreneurial ventures or enterprise. Students will apply advanced knowledge of legal, marketing, and financial principles with reasoning and creative skills to identify business opportunities at venture or enterprise level, and present and develop entrepreneurial propositions.
Globalisation is the process by which firms operate on a global basis, where they view the world as a single market. Global marketing can be defined as the process of adjusting the marketing strategies of a firm to adapt to the conditions of other countries. Marketing strategies are different in different countries reflecting culture, economic and social circumstances of those countries. A marketing strategy that works in one country may not necessarily work in another. The challenge for marketers is to develop strategies that can address global and local markets, taking into account aspects that are similar and those which are different. This unit will investigate cultural and political environments, the important of marketing research, and assessing global marketing opportunities in different global regions.
Assessment methods used for each course will vary depending on the individual unit of study. Generally, the assessment will comprise one or more assessment items with different percentage weightings being applied to each. Types of assessment items include (but not limited to):