#1 Victorian university for business course satisfaction
#2 business school in Victoria for career impact
Top 3 business school in Victoria
Why choose business at Deakin
Advance your business career with Deakin’s Master of Business, a highly flexible postgraduate degree from a top 3 business school in the Australian state of Victoria. Whether you are changing direction, progressing in your field or building on prior study, this course helps you develop in-demand capabilities and expand your career opportunities.
Build expertise across areas such as strategy, leadership, marketing, finance, people management and digital transformation, tailoring your studies to match your interests and goals. Get industry-informed learning delivered by experienced academics and apply your knowledge through work-integrated learning, including consulting projects, internships and social impact programs.
Graduate with broad business expertise and specialised skills, ready to lead teams, drive strategy or pursue new opportunities. You will also have lifelong access to Deakin’s award-winning career service, helping you navigate your next step with confidence.
-
Top-ranked business school
Study your Master of Business at a top 3 business school in Victoria, recognised for strong career outcomes and industry relevance.
-
Proven employability
Boost your opportunities with postgraduate study at Deakin Business School, ranked #2 in Victoria for career impact.
-
Work-integrated learning
Build real experience through internships, consulting projects and industry programs that apply your skills in real business settings.
-
Flexible postgraduate study
Fit study into your busy life with Deakin’s premium online learning and incorporate short skills-focused units to enhance career development.
Connected to industry
Deakin’s strong industry connections help shape your learning. Build practical experience in real workplace contexts through work-integrated learning, mentoring and networking opportunities. Industry advisory boards also help shape our degrees, which means what you study is current, relevant and aligned to what your future employers need.
Deakin puts employability first
Career outcomes
Target management roles, switch sectors or become a business founder with practical business skills across business functions, boosted with strategic, analytical and leadership capabilities.
Project manager
Project managers plan, coordinate and oversee projects from start to finish, managing budgets, timelines and teams to help organisations deliver successful outcomes.
- $150k
Typical Australian annual salary
- 9.3%
Projected job growth in 5 years
- 4.1/5
Job satisfaction
Business development manager
Identify new business opportunities, build client relationships and negotiate partnerships to drive growth. Develop sales strategies, secure new business and expand revenue across existing and new markets.
- $115k
Typical Australian annual salary
- 4.1/5
Job satisfaction
Other jobs
- Business consultant
- Operations manager
- Change manager
- Entrepreneur or founder
- Strategic advisor
“The Master of Business is a course suited for those who wish to target their career beyond the generic. With four specialisations developed to target specific segments of the job market, graduates can enter their chosen field without having been locked into a discipline by a specialised degree.”
Dr Michael CallaghanMaster of Business Course Director
Key dates
Direct applications
Trimester 1 2027 applications close 7 February 2027
FAQs
A Master of Business is designed to build broad business capability across areas like strategy, marketing, finance, operations and digital skills – ideal whether you're changing direction, progressing in your field building on prior study or starting and leading your own business venture. The course gives you the flexibility to shape your specialisation and electives around the career path you're building toward, helping you move into management roles or become a business consultant or strategic advisor.
Yes. Every Master of Business student completes an Applied Consultancy Project capstone, where you'll scope a real challenge faced by a small to medium enterprise and develop recommendations that draw on skills across accounting, finance, marketing and business communication. Depending on your study plan, you may also have opportunities for further work-integrated learning through elective units, industry projects or professional experiences that strengthen your business skills and expand your professional network.
Yes. The Master of Business is a flexible degree that allows you to tailor your studies to your professional interests. You can choose from a range of specialisations and elective units to build expertise in areas such as digital transformation, marketing, project management, business analytics, human resource management or innovation, helping you develop skills that align with your career ambitions.
As a Deakin student, you'll have access to dedicated career support throughout your studies and after you graduate. Deakin offers one-on-one career coaching, resume and job application feedback, interview preparation, networking opportunities, employer events, career workshops and access to an exclusive jobs and internships board. You can also access guidance on career planning, work-integrated learning and building your professional skills to help you transition confidently into employment.
*Deakin references data from a range of government, higher education and reputable media sources. Learn more about our achievements on our University rankings page, or explore our sources page for supporting references.
What will I study in the Master of Business?
Build your expertise from core business fundamentals to applied, career-ready capability. You will start by developing broad knowledge across business disciplines, then tailor your learning and apply it in real business contexts.
Build core business capability
Explore core business disciplines
Build knowledge in areas such as accounting, marketing, strategy and operations to understand how organisations function.
Develop analytical and digital skills
Learn to interpret data, apply business tools and support evidence-based decision making in complex environments.
Build professional capabilities
Strengthen communication, problem solving and teamwork skills essential for effective business practice.
Deepen, specialise and apply your learning
Deepen your business expertise
Explore modern challenges such as digital transformation, strategy and global business environments and choose electives that align with your career goals.
Apply learning in real contexts
Undertake projects or work-integrated learning experiences that reflect professional business practice.
Step into leadership-ready capability
Graduate prepared to lead teams, influence strategy and drive business outcomes.
Course structure
To complete the Master of Business, you must pass 8, 12 or 16 credit points. The number of credit points required may vary, depending on your entry point or how much credit you receive as recognition of prior learning (RPL) based on your professional experience and previous qualifications.
Most units are equal to one credit point. As a full-time student you will study four credit points per trimester and usually undertake two trimesters per year.
Are you a current student? For course information that applies to the year you started your degree, visit the handbook.
All students are required to meet the University's academic progress and conduct requirements
Units
To be completed in the first trimester of study:-
Complete four (4) credit points of course elective units, which must include at least one (1) unit from each of the following groups:
Business and Society units
Select one (1) from:
Business and Technology units
Select one (1) from:
Capital Market units
Select one (1) from:
SME and Entrepreneurship units
Select one (1) from:
Open electives can be chosen from a wide range of level 7 study areas across the University, subject to availability and meeting any pre-requisites. Choose open electives to suit your interests, career aspirations or to broaden your academic experience beyond your discipline study area.
Mix and match Deakin stackable short courses (0.5cp microcredentials) to earn credit towards your degree, subject to eligibility. Any stacking must add up to a whole number to be used for credit. See more information on Stackable short course options.
Professional recognition
Deakin Business School holds both AACSB and EQUIS accreditations. These prestigious accreditations are awarded to business schools that meet strict standards of quality, academic and professional excellence, and demonstrate a commitment to ongoing improvement and innovation in their courses, ensuring our graduates are employable worldwide.
What to expect while studying
You may be able to study available units in the optional third trimester to fast-track your degree, however your course duration may be extended if there are delays in meeting course requirements, such as completing a placement.
Units which contain work integrated learning, a community placement or interaction with the community may require a police check, working with children check or other check. These requirements will be detailed in unit guides upon enrolment.
You can expect to participate in a range of teaching activities each week. This could include lectures, seminars, online interactions, or professional experiences for Work Integrated Learning (WIL) units. You can refer to the individual unit details in the course structure for more information. You will also need to study and complete assessment tasks in your own time.
Units in this course may have participation requirements that include compulsory placements, work-based training, community-based learning or collaborative research training arrangements.
Placement can occur at any time, including during standard holiday breaks. Learn about key dates at Deakin.This course provides students the opportunity to complete one or more work integrated learning units.
Explore Business and Law WIL opportunities.
International Students:
This course includes Work Integrated Learning (WIL) formally registered as part of the course on the CRICOS register. The total work integrated learning hours will differ depending on the WIL unit you choose. For more information about WIL hours, please check the unit information in the handbook or the unit guide.
For information about how WIL units may impact student visa holder work rights, please visit Home Affairs. See 8105 Work limitation.
At Deakin, we're committed to ensuring an inclusive environment that supports all students to belong, thrive and succeed. We work closely with students, where needed, to identify potential barriers to participation and where possible, provide tailored support so students can engage with learning and assessment activities.
If you are neurodivergent, have a disability, health condition or mental health condition that may impact your study or participation in university life, and want to know how Deakin could support you, contact our Domestic students (opens in a new window) or International students (opens in a new window) or Disability Resource Centre (opens email client) teams for a collaborative and confidential discussion. This discussion is to support you to make plans for your studies and future career and will not have any bearing on your application to the course.
When can I start?
When you study depends on your course, location and available intakes. Check the table to see when you can start and how study is offered throughout the year.
Your course learning outcomes describe the knowledge, skills and capabilities you’ll develop and be able to demonstrate by the time you graduate. Built into your course through your units and assessments, they provide a clear picture of what you’ll be equipped to know, understand and do – preparing you to apply your learning with confidence beyond university.
| Course Learning Outcomes |
|---|
| Synthesise a broad range of contexts and frameworks within which enterprises operate and address contemporary and emerging challenges they face through applied learning and independent research. |
| Articulate business challenges and proposals, orally and in writing, using professional, business communication techniques. |
| Select and use digital technologies that support the research, analysis and presentation of complex business issues. |
| Critically analyse a range of complex business-related information to make and evaluate business decisions in regard to technical, sustainable, economic, and business management issues. |
| Conceptualise and construct informed recommendations and solutions to real-world and ill-defined problems faced by decision makers in a business environment. |
| Develop an enhanced insight into learning and working independently and take responsibility for personal and professional actions. |
| Network with peers and leverage these relationships to achieve collaborative and mutually beneficial outcomes. |
| Develop an understanding of the impact that innovative approaches to business issues have on social, sustainability, ethical, and cultural challenges in the business environment. |
- Award granted
- Master of Business
- Year
2027 course information
- Deakin code
- M756
- Level
- Higher Degree Coursework (Masters and Doctorates)
- Australian Qualifications Framework (AQF) recognition
The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9
Fees
Estimated tuition fee
$35,000
for 1 yr full-time - Full-fee paying place
The estimated tuition fee above is based on a typical first-year full-time enrolment of 8 credit points and is provided as a guide only. Your tuition fees are determined by your course and unit enrolment. Your tuition fees will vary depending on your study load, the course duration, and any approved recognition of prior learning. You may also be eligible for a FEE-HELP loan to defer all or part of your tuition fees.
Save 10% as a Deakin alumni
We love welcoming Deakin alumni back to continue their journey with us. If you're starting a postgraduate award course, you may be eligible for a 10% discount on your enrolment fees, applied per unit. It's our way of supporting your next step.
Scholarships
We want to help you excel at Deakin. Our scholarships recognise your dedication and achievements, providing financial support that can ease the cost of living and studying. With less pressure, you'll have more freedom to focus on what matters most – your education and future success.
Applications for 2027 are open
Ready to take the next step? Apply now to start your journey at Deakin and get ready for what’s next.
Key dates
Direct applications
Trimester 1 2027 applications close 7 February 2027
Apply now
Apply direct
Simply create an account in the Deakin Application Portal, enter your personal and educational details, upload your supporting documents and submit your application.
Recognition of prior learning
We value your previous study and experience. Recognition of prior learning enables you to get credit for what you've already achieved. When you apply, we'll consider your previous study and experience for recognition of prior learning.
Alternate exits
- Graduate Certificate of Business (M556)
- Graduate Diploma of Business (M656)