Global Business Practicum - July 2018

BUSA90485 Global Business Practicum is an in-company intensive subject where students experience the unique business practices and culture of an international company first-hand.

The Global Business Practicum is worth 12.5 credit points and is offered in January, July and November of each year. Students participating in the July 2019 program will travel to Kuala Lumpur and Shanghai.

Destinations for the July 2019 program are yet to be confirmed.

Please read on to find out what you could get out of participating in the Global Business Practicum.

  • Why take the Global 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 Global Business Practicum?

    As well as being an impressive addition to any CV, the primary aim of the Global 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 Global Business Practicums 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 global 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 student experiences here.

    (Source: Deloitte Soft Skills for Business Success)

  • Key dates

    To take part in the Global Business Practicum, these are the key dates you need to be aware of:

    KEY ACTIVITYDATE
    Applications openMonday 26 February 2018
    Applications closeEXTENDED: Wednesday 21 March 2018, midnight
    Group interviews Applicants will be allocated an interview time between Tuesday 27 - Thursday 29 March
    Offer acceptance and $500 deposit due date Friday 20 April 2018
    Introductory briefing Tuesday 8 May 2018
    Pre-Departure Seminar Saturday 23 & Sunday 24 June 2018
    In-country datesWednesday 4 - Thursday 19 July 2018
    In-company componentThursday 5 – Wednesday 18 July 2018
    Presentation On or prior to Wednesday 18 July 2018
    Employability Reflective WorkshopThursday  26 July
    5.30pm - 7.30pm

    Please note that these dates are compulsory and all students who are given an offer for the Global 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, it's best that you don't apply.

  • Who should submit an application?

    The below criteria should help you determine whether you would be a strong candidate for the Global Business Practicum:

    • Your Weighted Average Mark (WAM) is 65% or higher. Due to limited spaces, entry into the Global Business Practicum is competitive. The minimum average grade requirement for the Global Business Practicum 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 project
    • You have completed a minimum of:
      • 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 Business Practicum subject (Global or Melbourne) for the intake. Please only submit an application for one of the Business Practicum subjects per intake. Students who apply for both MBP and GBP during the same intake (e.g. the July Business Practicums) will not be considered for either subject.
    • You have checked that there is capacity within your study plan for an elective subject worth 12.5 points.

    Please note: Students undertaking Master of Commerce (Finance) and the Master of Management (Accounting) 150pt program are generally ineligible to apply, due to limited elective options available in the course.

  • How much will it cost?

    Costs & Payments

    In addition to the standard University subject fee, there is an additional fee of between $1,400 - $1,900 for the Global Business Practicum. The fee will be finalised once accommodation has been booked.

    What is included?

    • 13 - 15 nights bed and breakfast accommodation (in min. 3* equivalent accommodation based on a twin share, air-conditioned, ensuite room.)
    • Sightseeing/cultural tour
    • the University of Melbourne also offers a complimentary standard travel insurance.

    What is not included?

    • International airfare
    • Lunch, dinner and spending money
    • Visa (if required)
    • Local transportation
    • Additional personal insurance
  • Grants, scholarships and funding

    Global Business Practicum Travel Grant

    All students who are given a place in the Global Business Practicum and successfully enrol in the subject will be eligible to for the $1,000 Global Business Practicum Travel Grant to assist with costs.

    Global Business Practicum Prize

    The following prizes will be awarded to the most impressive July 2018 Global Business Practicum applicants:

    1 x $1,500 prize for the best MBS student traveling to Guangzhou
    1 x $1,500 prize for the best MBS student traveling to Kuala Lumpur
    1 x $1,500 prize for the best MBS student traveling to Shanghai

    Selection is based on academic average and interview performance. These prizes are available to MBS students only.

    There is no separate application to be considered for a prize and selected students will be notified of their award at the same time as the offer for a place in the subject.

  • Information Sessions

    As we offer two equally exciting Business Practicum subjects, it can be difficult to determine which one is right for you. To help you decide, come to our Choosing a Business Practicum Information Session which will compare each of the programs, helping you to make the best choice.

    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.

  • Apply now!

    Applications for BUSA90485 Global Business Practicum July 2018 have now closed.

  • Contact us

    If you have any questions about Global Business Practicum please send an email to: mbs-practicums@unimelb.edu.au

Have a question? Contact MBS