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 2018 program will travel to Kuala Lumpur and Shanghai.
Destinations for the July 2019 program are yet to be confirmed. Details for this program will be updated in early 2019.
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.
To take part in the Global Business Practicum, these are the key dates you need to be aware of:
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, or you are applying for an internship or exchange program that coincides with these dates, please do not apply.
KEY ACTIVITY DATE Applications open Monday 26 February 2018 Applications close EXTENDED: 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 Logistics briefing Tuesday 8 May 2018 Pre-Departure Seminar Saturday 23 & Sunday 24 June 2018 In-country dates Wednesday 4 - Thursday 19 July 2018 In-company component Thursday 5 – Wednesday 18 July 2018 Presentation On or prior to Wednesday 18 July 2018 Employability Reflective Workshop Thursday 26 July
5.30pm - 7.30pm
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 Global 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 Global Business Practicum and the Business Practicum during the same intake (e.g. January) 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 the Master of Commerce (Finance) 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
Grants, Scholarships and Funding
All selected students can apply for a Melbourne Mobility Award
- If you are intending to go on exchange, email firstname.lastname@example.org before applying
- Selected students enrolled in an FBE administered program who do not receive the Melbourne Mobility award will receive the faculty Global Business Practicum Travel Grant
Global Business Practicum Travel Grant
All students who are given a place in the Global Business Practicum and successfully enrol in the subject, who do not receive a Melbourne Mobility Award, will be eligible for the $1,000 Global Business Practicum Travel Grant to assist with costs.
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 GBP (e.g. Ethics in Finance). Is this okay?
No, even though the subject is online, students participating in the GBP will not be permitted to enrol in any other subjects that run during the same dates as the practicums. GBP is intensive and requires 100% commitment from students.
CITIES, PROJECTS AND TEAMS
Can I choose the GBP city?
Students can nominate their order of preferences of GBP cities. Nominating only one city may reduce the likelihood of being selected into the program.
Can I change my city preference once I’ve been accepted?
No, preferences are not able to be negotiated once the offer has been accepted. We base substantial decision making and coordination of arrangements on the nominated preferences.
Can I choose my team, 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.
IN COUNTRY ACCOMMODATION
I have family that live in the GBP city. Can I stay with them during the GBP or do I have to stay at the organised accommodation?
Students must stay at the organised accommodation due to the intensive nature of the subject and because a lot of the teamwork happens during the evening and late into the night.
Can I pay an additional cost and have my own single room?
No, package costs have been worked out based on twin share rooms with accommodation secured up to six months in advance. Single rooms are not practical for the remaining students who may not wish to pay extra for a single room, nor can the availability of additional rooms be guaranteed.
I have a friend of different gender, can we request to share a room?
No, whilst we understand there are close friendships between students, accommodation bookings and package costs are based on twin share rooms. Mixed gender twin share rooms are not practical for the remaining students who may not wish to share with a student of a different gender.
Can my partner/friend accompany me while I am taking part in GBP?
No, this is an intensive two week for-credit subject which requires you to be available to work with your team for the duration of the program. You can travel with your partner/friend prior to or after the completion of the program.
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.
Information sessions have now passed for the July 2018 program. Information regarding the July 2019 GBP subject will be posted here in early 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. Applications for the July 2019 intake will open from Monday 04 March 2019. An application form will be posted here the day applications open.
If you have any questions about Global Business Practicum please send an email to: email@example.com