BUSA90485 Global Business Practicum is an in-company intensively-taught 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 November intake of the program will travel to London or Hong Kong.
Please read on to find out what you could gain from participating in the Global Business Practicum.
Why take BUSA90485 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 two thirds of all 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.
Read about previous Business Practicum student experiences here.
View this subject in the Handbook
November city profiles
London is a global business hub and one of the most cosmopolitan cities in the world. Being located at a mid-way point between the US and Asian Markets and time zones positions this dynamic city as a global leader in banking and financial services. London is home to 40% of the top 250 companies with headquarters in Europe.
Known for its extensive tax, trade, and legal benefits, Hong Kong is a thriving Asian business hub. Hong Kong is the world’s most services-oriented economy; with the services sector accounting for more than 90% of GDP, as well as being the world second largest host and investor of foreign direct investment stock. The business environment in Hong Kong provides a rich learning experience for practicum students. Known as a melting pot of East and West cultures, Hong Kong provides a rich cultural experience in addition to its fast paced business environment.
To take part in the Global Business Practicum, please note the following compulsory dates, activities and hurdle requirements. All students who are offered a place in the Global Business Practicum are required to participate in all these activities. If you know in advance that you are unable to commit to one or more of these dates, please do not apply.
November 2019 Applications Open Monday 15 April 2019 Applications Close Sunday 12 May 2019 Group Interviews Tuesday 21 May 2019 Offer acceptance and $500 deposit due date Wednesday 5 June 2019 Balance due Monday 29 July 2019 Logistics briefing To be confirmed - Monday 5 August 2019 cancelled Pre-departure online LMS training modules
Completion by Thursday 24 October 2019 (hurdle requirement) Pre-departure workshops Sunday 27 October 2019 (hurdle requirement) In-country dates London: Tuesday 26 November - Thursday 12 December 2019
Hong Kong: Wednesday 27 November - Thursday 12 December 2019
In-company dates Thursday 28 November - Wednesday 11 December 2019 Final presentation to company On or prior to Wednesday 11 December 2019
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 GBP 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 GBP fee of $1840 for London and $1766 for Hong Kong.
What is included?
- 15 - 16 nights bed and breakfast accommodation (in min. 3* equivalent accommodation based on a twin share, air-conditioned, ensuite room.)
- 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 Melbournel Mobility award may receive a Faculty 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.
- Information Session
This program will be running again in January 2020 and applications will open on Monday 29 July 2019. Visit the Global Business Practicum January 2020 page for more information.
If you have any questions about Global Business Practicum please send an email to: email@example.com