BUSA90473 Business Practicum is an in-company intensive subject where students experience the unique business practices and culture of a company first-hand in Melbourne.
The Business Practicum is worth 12.5 credit points and is offered in February and July of each year.
Please read on to find out what you could gain from participating in the Business Practicum.
Why take BUSA90473 Business Practicum
Studies show that having a well-developed range of transferrable skills is crucial for the success of individuals, businesses and societies. Often referred to as employability or ‘soft’ skills, these are the non-technical skills such as communication, teamwork, problem solving, critical thinking and self-management which are developed through exposure to experiences outside the classroom - like work integrated learning subjects, internships and on-the-job learning.
When these employability skills are combined with technical skills/qualifications and personal attributes, an individual becomes employable across a range of industries, increasing job prospects, becoming a more competitive job-seeker and being a more attractive potential hire.
So what does this have to do with the Business Practicum?
As well as being an impressive addition to any CV, the primary aim of the Business Practicum is to provide graduate students with opportunities to develop and enhance employability skills from application right through to the final assessment and beyond.
It is expected that 2/3 jobs will be soft skill intensive by 2030, so finding opportunities to develop these skills as early as possible is becoming increasingly important.
In the Business Practicum this is done by:
- Working closely in a team;
- Building resilience by being exposed to challenging and intensive working environments;
- Communicating with a range of stakeholders;
- Increasing networks;
- Using critical thinking and problem-solving skills to solve a real business problem;
- Applying classroom theory to real world practice.
Don’t just take our word for it! Read about previous Business Practicum (previously known as Melbourne Business Practicum) student experiences here.
To take part in the Business Practicum, there are compulsory dates you need to be aware of:
February 2019 Applications open Monday 30 July 2018 Applications close Sunday 26 August 2018 Group interviews Applicants will be allocated an interview time between Wednesday 19 - Thursday 20 September 2018 Induction week Tuesday 29 January - Friday 1 February 2019 In-company component Monday 4 February – Friday 15 February 2019 Presentation Between Friday 15 February – Wednesday 20 February 2019
Please note that these dates are compulsory and all students who are given an offer for the Business Practicum are expected to participate in all of these activities. If you know in advance that you won’t be able to commit to one or more of these dates, please do not apply.
The below criteria should help you determine whether you would be a strong candidate for the Business Practicum:
You are enrolled into an MBS graduate degree
MBS students who have already completed one practicum subject may submit an expression of interest to take another but will be placed on a waiting list and only considered should a place become available.
Non-MBS students are not eligible to apply for BUSA90473 Business Practicum or BUSA90485 Global Business Practicum.
Your Weighted Average Mark (WAM) is 65% or higher
Due to limited spaces, entry into the Business Practicum is competitive. The minimum average grade requirement for MBP is 65% and the Selection Committee considers the following when allocating places:
- Academic Performance
- Quality of CV
- Interview performance
- An overall match of skills, experience and interests to the available projects
You have completed a minimum of points
- 200-point degree students: completion of a minimum of 50 points at time of application; or
- 150 point degree students: completion of a minimum of 50 points at time of practicum commencement if you have a business background (e.g. studied business subjects in an undergraduate degree or relevant work experience).
Note: All students enrolled in a 200-point degree must first have completed 50 points before applying, regardless of educational background.
You are only applying for one Practicum subject (Global or Business Practicum) for the intake
Please only submit an application for one of the Practicum subjects per intake. Students who apply for both the Business Practicum and Global Business Practicum during the same intake (e.g. July) will not be considered for either subject.
Business Practicum Prize
The following prizes will be awarded to the most impressive February 2019 Business Practicum applicants:
2 x $500 prizes for the best local MBS student
2 x $500 prizes for the best international MBS student
Selection is based on academic average and interview performance.
A separate application to be considered for a prize is not required. Selected students will be notified of their award at the same time as the offer for a place in the subject.
Frequently Asked Questions
WHAT EXPERIENCE DO I NEED TO APPLY?
Can I apply if I don’t have any consulting experience?
Yes, there is a full selection process including a group interview to determine your eligibility and suitability for the program. Selection is not based on existing consulting experience.
What if I don’t have any work experience on my CV?
We are looking at how the CV is put together, not the work experience. We understand that many students will not have work experience.
I want to take an online intensive subject over the summer/winter break while also completing the BP (e.g. Ethics in Finance). Is this okay?
No, even though the subject is online, students participating in the BP will not be permitted to enrol in any other subjects that run during the same dates as the practicums. BP is intensive and requires 100% commitment from students.
PROJECTS AND TEAMS
Can I choose the company or type of project?
No, students are allocated to teams and companies with specific projects. However, students are given the opportunity to advise their areas of interest which we endeavour to consider when allocating teams. Students would not be allocated to a project where they did not have the technical skills required. Most projects are multi-disciplinary.
When you have decided that the Global Business Practicum is the right choice for you, come along to our Choosing a Business Practicum Information Session where you can meet the Work Integrated Learning Teaching Specialist, listen to previous Business Practicum students talk about their experiences and ask questions about the program.
Information sessions have now passed for the February 2019 program. Information regarding the February 2019 Business Practicum subject will be posted here in mid 2019.
Please note: Information sessions are not compulsory but we may ask to scan your student ID upon arrival so that we can collect data on numbers attending.
This program will be running again in July 2019 and applications will open on Monday 4 March 2019. Visit the Business Practicum July 2019 page for more information.
If you have any questions about the Business Practicum please send an email to: firstname.lastname@example.org