Graduate Research Guide 2012
The place for tomorrow’s leaders.
Never stop learning.
The University, Faculty and Graduate School continue to perform strongly in the major international higher education rankings. Our bilateral agreements with international institutions in 35 countries mean that academic staff from other countries regularly visit and teach at the University ensuring continued cross-cultural and inter-disciplinary collaboration and exchange. By continuing to invest in and Embedding research in education recognise quality research we ensure that our students are The Faculty of Business and exposed to cutting edge research Economics at the University and benefit from the opportunity of Melbourne produces and is to collaborate with highly qualified associated with scholars of truly and prominent academics. international standing and has a long tradition of research and innovation. We invite you to give serious This research expertise is embedded consideration to the research in our graduate education offerings programs outlined in this brochure through the Graduate School of and look forward seeing you at Business and Economics (GSBE). Melbourne in the near future. The University of Melbourne is a Professor Greg Clinch leading research-based institution, Assistant Dean, as endorsed by the Excellence Research Higher Degrees in Research for Australia (ERA) rankings, as well as international rankings and accreditations.
“ At the GSBE we are distinguished by the calibre of our people – our students, researchers and teachers.”
Professor Margaret Abernethy Dean, Faculty of Business and Economics Sidney Myer Chair of Commerce
Cover image: Dr Oksana Kim, PhD Graduate, Department of Accounting. International student (Russia). Recipient of a Melbourne International Fee Remission Scholarship, a Melbourne International Research Scholarship, Special Postgraduate Studentship, and the Peter Brownell PhD Award.
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Contents
2 10 12 Introduction Programs Accounting
Our Programs 2 The Doctor of Philosophy (PhD) 10 Department of Accounting 12
Business and Economics Masters by Research 11 PhD program in Accounting 13 Research at Melbourne 4
Academic Staff 6
Student Support and Services 8
Scholarships and fees 9
14 18 22 Actuarial Studies Economics Finance
Centre for Actuarial Studies 14 Department of Economics 18 Department of Finance 22
PhD program in Actuarial Studies 15 Melbourne Institute of Applied PhD program in Finance 23 Economic and Social Research 19 Master of Commerce 16 Economics Doctoral Program 21
24 26 28 Management Admission How to apply for a and Marketing requirements graduate research degree
Department of Management and Marketing 24
PhD program in Management and Marketing 25
Graduate Research Course Guide 2012 | 1 Our Programs
Department Program Minimum entry requirements Structure
Accounting PhD Either: 3 years full-time or part-time Page 13 → A four-year honours degree in accounting at minimum H2A (75–79%) → A qualification or combination of qualifications considered by the equivalent University of Melbourne Research Higher Degree Committee to One year be equivalent. (or part-time equivalent) of Applicants are also required to provide results of the GMAT General Test. Coursework Please see page 26 for more information. Commencement is at the start followed by two of Semester One of any given year. Mid-year (Semester Two) entry is not years (or part-time normally accepted due to the sequence of coursework subject offerings. equivalent) of Students wishing to enter in the mid-year intake would be required to Research make their case to the department and this would be subject to approval.
Actuarial PhD Either: 3 years full-time Studies → A four-year honours degree in actuarial studies, commerce or related or part-time equivalent Page 15 discipline at minimum H2A (75-79%) standard from an Australian university, or Research → A qualification or combination of qualifications considered by the Thesis only Research Higher Degree Committee to be equivalent. (no coursework) Applicants are also required to provide results of the GRE General Test. Please see page 26 for more information. Commencement normally in Semester One of any given year.
Actuarial Master of Either: 1 year full-time or Studies Commerce → a four-year honours degree in actuarial studies, commerce or a 2 years part-time Page 16 related discipline a minimum of second class honours (H2B 70-74%) Research standard from an Australian university, or thesis only → successfull completion of a preliminary course, normally the relevant (no coursework) postgraduate diploma, at an overall standard of at least second class honours.
Applicants are also required to provide results of the GRE General Test. Please see page 26 for more information.
Economics Economics Year 1 of the Doctoral Program 4 years full-time Doctoral or part-time & Melbourne Either: Institute Program equivalent → A four-year Honours degree in economics with at least an H2A (75%) Page 21 average, or Two years → A relevant postgraduate degree with at least an H2A (75%) average, (or part-time and completion of subjects which satisfy the prerequisites for both equivalent) of the core and quantitative subjects in the first year of the program. coursework followed by two Applicants are also required to provide results of the GRE unless years (or part- they meet the GSBE exemption criteria. Please see page 26 for more time equivalent) information. of Research. Commencement only in Semester One of any given year. Progression from the first year of Candidates who successfully complete Year 1 of the Doctoral Program coursework to the will be awarded a Master of Economics. second requires candidates to maintain an overall grade average of H2A (75%)
2 | Graduate Research Course Guide 2012 Department Program Minimum entry requirements Structure
Economics Years 2 to 4 of the Doctoral Program Eligible students who pass all of & Melbourne Progression from the first to second year of the program requires an their subjects but Institute average grade of at least H2A (75%) in the first year of the program. (Continued) who fail to achieve Direct entry to the second year of the Doctoral Program will be the required H2A Page 21 considered for applicants who have completed the M.Ec. and achieved (75%) grade a grade of at least H2A (75%), or a qualification or combination of average will be qualifications considered by the RHD Committee to be equivalent. eligible to graduate The completed degree must be in an area that is relevant to the intended with an M.Ec PhD. In order to be deemed relevant, the degree must include the subjects 316-650 Microeconomics II, 316-652 Macroeconomics II, Advanced Econometric Techniques II, and Mathematics for Economists, or their equivalents.
Finance PhD Either: 3 years full-time or part-time Page 23 → A four-year honours degree at minimum H2A (75–79%) standard from an Australian university, or equivalent. → A qualification or combination of qualifications considered by the One year Research Higher Degree Committee to be equivalent, in an area that (or part-time is relevant to the intended PhD. equivalent) of Coursework Applicants are also required to provide results of the GMAT or the GRE followed by two General Test (see page 26 for more detail). years (or part-time Commencement in Semester One or Two of any given year. equivalent) of Research
Management PhD Either: 3 years full-time and Marketing → A four-year honours degree at minimum H2A (75-79%) standard or part-time equivalent Page 25 from an Australian university, or → A qualification or combination of qualifications considered by the One year Research Higher Degree Committee to be equivalent, in an area that (or part-time is relevant to the intended PhD. equivalent) of Coursework Applicants are also required to provide results of the GMAT or the GRE followed by two General Test (see page 26 for more detail). Commencement only in years (or part-time Semester One of any given year. equivalent) of Research
Graduate Research Course Guide 2012 | 3 Business and Economics Research at Melbourne
Our academic staff are active researchers in all of our main disciplines. Staff publish their research widely in leading international and Australian journals and present frequently at international conferences. They are editors and board members of prominent journals and also organise international research conferences at the University.
Researchers in the Faculty enjoy We are just the second university outstanding success in the arena of in Australia to earn AACSB research grants, with a success rate accreditation in both business and of 55% for new Discovery Projects in accounting. The GSBE hosts a vibrant 2011 well above the average rate for community of 95 research students both the University and the scheme studying for PhD or Masters by nationally. The Faculty was awarded research degrees. These students seven new Australian Research come from a wide range of countries, Council (ARC) Discovery Grants and and bring with them diverse cultural one Linkage Grant commencing in backgrounds and professional 2011, researching supply chain experience. Domestically, the management, the economic impact majority of research graduates take of education in developing countries, on professional roles in business, asset markets, global patenting government and other organisations, systems, organisational behaviour while approximately one third go on to and the effect of competition on careers in academia. doctor’s pricing. The breadth of topics covered is testament to Our Faculty the diverse and multi-disciplinary The Faculty of Business and research occurring in the Faculty. Economics is home to the Graduate These new ARC grants add to the School of Business and Economics already impressive number of existing and to five teaching and research grants, details of which can be found departments: at http://www.fbe.unimelb.edu.au/ → Accounting research/projects.html → Economics In 2011 the Faculty of Business → Finance and Economics became the first → Management and Marketing university in Victoria to be awarded → Melbourne Institute of Applied accreditation by the Association Economic and Social Research to Advance Collegiate Schools of Business International (AACSB).
4 | Graduate Research Course Guide 2012 Excellence in Research The Shanghai Jiao Tong rankings of in Australia (ERA) world universities found the University of Melbourne to be the first and only The University of Melbourne was the Australian University to rank in the top only institution to receive a ranking of 100 in the Business and Economics 5 (achieving the maximum world rating subject area, and we rank second in the of Above World Standard) in ERA for region (equally with NUS and CUHK) after both Economics (FoR 14) and Commerce HKUST. We are the only Faculty in the (FoR 15). University of Melbourne to be ranked on University ranking of universities one of the five subject narrow rankings (which are provided for Economics & The University of Melbourne’s strong Business, Chemistry, Physics, Computer performance in international rankings Science, Mathematics). and accreditations endorse the standing of our researchers and our position as a We were also named one of the leading research institution. best in the world and the highest in Australia in QS’ latest World University The University of Melbourne was placed rankings by Subject. The Faculty of top in Australia and 36th in the world Business and Economics ranked first by the Times Higher Education 2010- in Accounting and Finance and equal 2011 rankings of the world top 200 first for Economics and Econometrics in universities. The Times Higher Education the Asia-Pacific region. This translated rankings have Melbourne ranked top to 14th and 16th in the world, joining in Australia in Teaching (the learning institutions such as Harvard, Oxford environment), Research (volume, income and Cambridge in the top rankings of and reputation) and Citations (measuring international business schools. research influence); it was also second in Industry Income (innovation and knowledge transfer) and third in International (looking at the proportion of international staff and students).
Publications in refereed journals listed in Thomson Reuters (ISI) Web of Knowledge The Faculty currently continues to increase its lead over all Australian Universities in terms of the number of papers published in journals listed in Thompson Reuters (ISI) Web of Knowledge, the premier tool for searching, tracking and measuring research in the sciences, social sciences, arts, and humanities.
600
550
500 Australian National University 450
400 University of New South Wales
350
300 University of Queensland
250 University of Sydney 200
150 University of Melbourne 100
2000-2004 2001-2005 2002-2006 2003-2007 2004-2008 2005-2009 2006-2010
Source: Faculty of Business and Economics Benchmarking Report 2001 – 2010, Professor Anne-Wil Harzing
Graduate Research Course Guide 2012 | 5 Academic Staff The University of Melbourne has long been home to public intellectuals who work at the forefront of their respective disciplines.
The 220 academic staff at the Faculty Nobel Prize winners like Professor Peter of Business and Economics are joined by Doherty, Professor Sir James Mirrlees talented and inspiring people from all over and Professor Elizabeth Blackburn and the world, who come to study, work and well known academic Professor Peter research at the University of Melbourne. Singer are among the scholars, visiting scholars and alumni of the University.
Our academics include:
Professor Anne-Will Harzing Professor Greg Clinch Professor Colin Ferguson Associate Dean (Research) Assistant Dean, Research Higher Degrees Professor of Business Information Systems Professor Harzing’s research interests Professor Clinch has a distinguished Professor Ferguson’s research interests include international HRM, HQ- international reputation in research in include: Accounting Information Systems, subsidiary relationships, cross-cultural the field of financial accounting, with a Fraud and Corporate Governance, management, the role of language particular emphasis on understanding Auditing and Business Forensics. in international business, and the the role of financial accounting in He has published widely in professional international research process. In capital markets. He has a current journals as well as in internationally addition, Professor Harzing also has a research interest in the impact of capital peer-reviewed academic journals keen interest in issues relating to journal gains taxes on capital markets, and including the International Journal quality and research performance has numerous published works in the of Accounting Information Systems, metrics. In this context she is the editor premier international journals in his field the Information Systems Journal, of the Journal Quality List and the including The Journal of Accounting Accounting Horizons, Accounting provider of Publish or Perish, a software Research, The Journal of Accounting and and Finance, ABACUS, and the program that retrieves and analyses Economics, The Review of Accounting Australian Computer Journal. Colin is academic citations. Studies and The Accounting Review. also engaged regularly as a consultant to the profession and industry.
For a full list of academic staff, please visit: www.fbe.unimelb.edu.au/research
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Associate Professor Leisa Sargent Professor Spencer Martin Associate Professor of Management Chair of Finance Associate Professor Sargent was Professor Martin completed his PhD awarded her Ph.D. from the Rotman at the Wharton School, University of School of Management, The University Pennsylvania, and joined the Faculty of Toronto. Her organizational research in 2009 from Carnegie Mellon includes careers, job transitions, University. His research interests retirement, work and stress and team include investments, empirical asset effectiveness. Associate Professor pricing, and behavioral finance. He has Sargent’s work is published in a range of published widely in professional journals journals including Organization Science, as well as in internationally reviewed Journal of Vocational Behavior, Journal academic journals including the of Occupational and Organizational Journal of Financial Economics, Psychology, Work and Stress, Small Review of Financial Studies, Journal Group Research, Journal of of Portfolio Management, and the Management Education and British Journal of Finance. Journal of Industrial Relations as well as in edited books. She has consulted to large complex organizations both in Australia and North America on developing leadership capabilities and retaining managerial talent and has a keen interest in teaching and learning.
Professor Deborah Cobb-Clark Ronald Henderson Professor and Director, Melbourne Institute Professor Cobb-Clark’s research agenda centres on the effect of social policy on labour market outcomes including immigration, sexual and racial Associate Professor Russell Hillberry harassment, health, old-age support, PhD/Masters/P.Grad. Dip./Grad. Dip. education and youth transitions. She Co-ordinator, Department of Economics has published more than four dozen Associate Professor Hillberry worked academic articles in leading international as an International Economist at the journals such as American Economic U.S. International Trade Commission Review, Journal of Labor Economics, in Washington DC from 1999 to 2004. Journal of Human Resources, Journal He was also a visiting Assistant of Economic Behavior and Organization, Professor of Economics at Purdue Industrial and Labor Relations Review, University during the 2001-2002 and Labour Economics. academic year. Associate Professor Hillberry’s research interests are economic geography and international trade.
Graduate Research Course Guide 2012 | 7 Student Support and Services Research students at the Graduate School of Business and Economics benefit from the expert assistance of the committed staff in our Research Support Unit.
The unit provides high quality → Volunteering and community administrative support and services engagement opportunities to graduate research students and The Research Support Unit is committed academic staff. to supporting your positive research The Research Support Unit will be experience and assisting students to your first point of contact for advice develop personal strategies that will regarding course and ongoing enrolment. assist completion. The unit coordinates Our team of friendly advisers can assist dedicated orientation programs for you with queries about: new candidates as well as a range → Academic progress of student events throughout the → Campus life year. These events provide graduate → Candidature management research students with an opportunity to develop and maintain friendships as → Conference participation well as keeping students informed of → Ethics approval developments in other departments → Scholarship and funding advice and across disciplines.
The Melbourne Graduate School of The Writing Centre for Global Research Ethics Research also offers a range of valuable Scholars and Researchers and Integrity Module (GREIM) programs and services, available to research students at the Faculty, The Writing Centre works with publish- GREIM offers a dynamic and interactive including: ers, editors and literary agents to support approach to ethics and integrity issues graduate research candidates and in graduate research degrees. The online Graduate Certificate in Advanced academics to communicate their re- course enables participants to join a Learning and Leadership (GCALL) search to a broad readership. The Writing community of established researchers, The GCALL is an advanced Centre can provide ongoing assistance ethical experts and graduate research interdisciplinary course designed to publish for a non-specialist audience candidates discussing a vast range of exclusively for doctoral candidates and through the publication support program. topics. early career researchers. It is a formal www.msgr.unimelb.edu.au/ www.msgr.unimelb.edu.au/programs/ award consisting of two subjects: Ethical writingcentre/ GREIM/ Leadership and The Futures Project, and is the first of its kind in Australian Melbourne Graduate Research University of Melbourne 3 Minute universities. ePortfolio Thesis Competition (3MT™) www.gradresearch.unimelb.edu.au/ The GReP is an online doorway into In the 3 Minute Thesis Competition GCALL/ collaborative research tools and award- participants present a clear, concise, winning courses that support students’ and engaging presentation of their UpSkills Program PhD or Research Masters degree. research project in three minutes. Participants gain the skills to reduce UpSkills is a series of free workshops www.msgr.unimelb.edu.au/programs/ complex ideas down to simple and seminars tailored to the needs of greportfolio/ Graduate Research students. Workshop statements and demystify their research series include: Conference Toolkit; Postgraduate Essentials in the eyes of the University community Careers Workshops; Communicating and the general public. The winner Postgraduate Essentials is an online, your research; eResearch; Library receives a $4500 travelling scholarship award-winning course aimed at providing Presentations and Workshops and IT and goes through to compete in the PhD candidates with practical information Support. Asia-Pacific finals. and skills for their research studies, www.msgr.unimelb.edu.au/programs/ and opportunities to network with other www.msgr.unimelb.edu.au/3MT/ upskills/ students and university advisers. www.msgr.unimelb.edu.au/programs/ pge/
8 | Graduate Research Course Guide 2012 Scholarships and Fees
University of Melbourne Travelling Scholarships Research Scholarships The University of Melbourne is committed The University of Melbourne offers one to providing research students with of the most comprehensive scholarship an international experience during programs in Australia. The Melbourne their candidature. Generous funding is Scholarships Program supports and available to enable graduate students to provides access to a world-class pursue study, research or undertake visits university for the best Australian and with an academic purpose overseas. The international students. travelling scholarships are offered as part of the Melbourne Scholarships Program. The program includes a generous range of scholarships for graduate research Each year more than 200 travelling studies. These scholarships provide scholarships are offered to students either a living allowance (stipend) and/or already undertaking their research. fee remission. cms.services.unimelb.edu.au/ scholarships/pgrad/local/available/ Every year, more than 620 new travelling scholarships for study at the University are awarded. Fees Demand for most scholarships is strong Local students and, for an application to be competitive, results equivalent to an H1 (80%) at the PhD and Masters by research local University of Melbourne are normally students (Australian and New Zealand required. citizens, Australian Permanent Residents and holders of a permanent For comprehensive information about humanitarian visa) are offered graduate the graduate research scholarships research places under the Research offered as part of the Melbourne Training Scheme (RTS). Scholarships Program, visit www. services.unimelb.edu.au/scholarships The RTS provides Commonwealth- funded places to Australian residents International research and New Zealand citizens in a research scholarships higher degree with an ‘entitlement’ to a HECS exemption for the duration The Faculty of Business and Economics of an accredited research course. offers a number of full-fee remission scholarships for commencing For more information visit www. international PhD candidates. futurestudents.unimelb.edu.au/research Selection is merit based and all eligible International students candidates will automatically be The overall annual fee for full-time considered. No separate application is international students commencing necessary. in 2012 is AU$31,424. Faculty scholarships For further details see: www. The Department of Finance and futurestudents.unimelb.edu.au/int/fees the Melbourne Institute of Applied
Economic and Social Research also offer a range of scholarships and fee support opportunities for outstanding postgraduate research students (see individual department pages for details).
Graduate Research Course Guide 2012 | 9 The Doctor of Philosophy (PhD)
The Doctor of Philosophy (PhD) is the Candidature premier research higher degree offered by the University of Melbourne. PhD PhD applicants are initially admitted candidates conduct independent and as probationary candidates except in sustained research on a specialised cases where an applicant has converted topic. The research is conducted under from a Masters by Research degree, or academic supervision and reported (in some cases) has transferred from and examined under internationally research higher degree enrolment at benchmarked standards of excellence. another institution. The normal period The PhD is normally completed in of candidature (probationary and three years of full-time study and a confirmed) is three years for full-time coursework component is integral to candidates. If necessary, candidates nearly all of our PhD programs. Study may apply for a maximum of two is also available on a part-time basis. extensions of six months. Part-time candidates will have a maximum term Minimum entry requirements of candidature of six years, and may and structure apply for a maximum of two 12-month (PT) extensions. All applicants must: 1. Meet the University of Melbourne’s All candidates are required to spend a criteria for assessing an applicant’s minimum of 12 months (full-time) or 24 eligibility for PhD candidature as months (part-time) at the University. listed here: Candidature will not be reduced to less www.gradresearch.unimelb.edu.au/ than these periods. Candidates must current/mphilhbk/admission.html have had their candidature confirmed prior to submission of the thesis. 2. Submit a personal statement of no more than 800 words. The Each department has specific statement should describe the requirements for the confirmation applicant’s motivation to undertake process. Most require an average further study, and can include details grade of no less than 75% across of personal circumstances and life all coursework subjects taken in the and work experiences. first year, a written research proposal and an oral presentation based on the In addition, each department has thesis proposal. More information about specific requirements, as detailed confirmation is available in the PhD in the following section. Handbook available from the School of Graduate Research: www.gradresearch. unimelb.edu.au/current/phdhbk/ At the completion of the degree, candidates are required to submit a thesis of 80,000– 100,000 words in length. The award of the PhD is based solely on the examination of this thesis. Candidates are also required to present a research seminar prior to submission of the final thesis. All PhDs are assessed via external examination of the research thesis alone. The candidate’s research is expected to make a significant new contribution to the discipline.
10 | Graduate Research Course Guide 2012 Masters by Research
The GSBE offers a Master of Commerce Contact details research degree in the area of Actuarial Research Higher Degree Officer Studies, which is designed for students Graduate School of Business to develop advanced skills in carrying and Economics out independent and sustained research. University of Melbourne Available as a one year full-time or two Victoria 3010 years part-time program, it offers a Tel: +61 3 8344 2161 suitable option for students wishing to undertake research in this area in email: [email protected] a shorter timeframe and with fewer demands than a PhD. It is ideal for students wishing to gain specialist knowledge of actuarial studies and/or improve their academic performance in order to proceed to a PhD. See page 16 for more information about the Master of Commerce.
Graduate Research Course Guide 2012 | 11 Accounting
Department of Accounting
The Department of Accounting is committed to the advancement and dissemination of knowledge through excellence in research.
The Department’s renowned academic → Performance management; Knowledge transfer and staff regularly publish in the world’s performance impact of career development premier accounting and business corporate downsizing; strategic information systems journals and have cost management; strategy PhD candidates within the Department built a teaching and research profile implementation; management are actively encouraged to publish their of international significance. The control system design; inter- research and significant resources are Department is one of Asia-Pacific’s organisational networks. allocated to support research activities. leading research institutions in these → Economics of auditing and auditor PhD students have the opportunity to fields. Our PhD graduates have accepted behaviour; the pricing of audits; apply for casual teaching appointments positions at leading institutions both audit quality; audit judgement; the across a range of accounting subjects. within Australia and internationally. audit market; corporate governance; Further, PhD students are encouraged The Department is also committed to business forensics to submit their research to national building strong international relations → Accounting Information Systems; conferences and participate in through the appointment of eminent Audit Technology; Decision Aids; PhD colloquia such as those of the visiting scholars and collaborative Business Intelligence; Enterprise Accounting and Finance Association of research grants and programs. Risk Management; Business Value of Australia and New Zealand (AFAANZ) IT; Business Processes; Managerial and American Accounting Association With research strengths in a number Decision Support; Revenue (AAA). of key areas, the Department can offer Management PhD supervision for topics in a wide Financial support range of specialisations, including: For further information see Generous scholarships are available for → Capital markets-based accounting www.accounting.unimelb.edu.au the duration of the program to suitably research; contracting theory and qualified applicants. Please see page 9 research; earnings management; for details on Scholarships and Fees. valuation; international financial reporting For more information, including a detailed listing of academic staff within the Department, please visit: www.accounting.unimelb.edu.au
Recent PhD theses completed:
→ Munther Al-Busaidi → Entesar Abdullah Analysts’ Earnings Forecasts Meeting or Beating Analysts’ Properties and Earnings Quality Earnings Expectations and the → Mohamed-Elmutasim Z Elbashir Cost of Equity Capital The performance impact of strategic → Hong Nee Ang information systems: exploring Accounting for employee share the effect of assimilation and top options (accounting standards management leadership AASB2): the economic consequence, → Li Liu earnings management and market Government Ownership and Earnings valuation effects of recognition Informativeness versus disclosure
12 | Graduate Research Course Guide 2012 PhD program in Accounting
Program structure Assessment Contact details One year (or part-time equivalent) of Normally, PhD candidates are first Program Director: Coursework followed by two years (or admitted as ‘probationary’ candidates. Professor Greg Clinch part-time equivalent) of Research. The To advance from probationary Queries about the program should first year of coursework consists of eight candidature to confirmed candidature, semester-length subjects, approved by be directed to: students must pass all the required the Director of the PhD Program. subjects and present an acceptable Research Higher Degree Officer Graduate School of Business Admission requirements dissertation proposal. To proceed to confirmation, the student must have an and Economics Please see page 2 for the minimum entry overall grade, based on an average of University of Melbourne requirements for this program. Please marks obtained in the subjects in first Victoria 3010 see page 26 for further information on year, equal to or greater than 75%. Tel: +61 3 8344 2161 admission requirements. Post-confirmation in years two and three Email: [email protected] of the program, students will conduct research leading to the completion of their dissertation. How to apply Please see page 28 for more information
“ I knew that the PhD program would be challenging and rewarding and would provide excellent employment opportunities for graduates. “The academic and professional staff of the GSBE supply high quality services and knowledge and I have become more confident in initiating and presenting research ideas and working on various PhD program challenges.”
Dr Oksana Kim PhD, Department Oksana is from Russia and was a recipient of a Melbourne International Fee Remission of Accounting Scholarship, a Melbourne International Research Scholarship, Special Postgraduate Studentship, and the Peter Brownell PhD Award. Prior to commencing her PhD Oksana worked as a Senior Auditor at Ernst & Young, Russia.
Graduate Research Course Guide 2012 | 13 Actuarial Studies
Centre for Actuarial Studies
The Centre for Actuarial Studies is located within the Department of Economics. The centre is one of the four teaching units that are fully accredited by the Institute of Actuaries of Australia.
Its researchers are recognised Knowledge transfer and Financial support and grants internationally and have been very career development Generous scholarships are available for successful in obtaining research funding. Despite its small size the centre offers the duration of the program to suitably Actuarial science is a quantitative an active research environment. PhD qualified applicants. Please see page 9 discipline that was initially concerned students form an integral part of the for details on Scholarships and Fees. with insurance and superannuation; centre and are strongly encouraged to Staff members currently hold grants for instance, risk theory was born a participate in the centre’s research and from the Australian Research Council, century ago to study the evolution teaching activities. The PhD program the Institute of Actuaries and other of an insurance portfolio over time. emphasises independent, original work. sources. Here are the titles of two recent As insurance and investments have Graduates may envisage a career either Faculty of Business and Economics converged over the past few decades, in academia or in industry (insurance, research grants: actuarial research now has a significant banking, investments). intersection with financial mathematics. → Shuanming Li and Xueyan Wu – The working environment for graduate Members of the centre do research in Review of phase-type distributions research students is first class, with ex- insurance, superannuation, financial and their applications cellent library and computing facilities. mathematics and related areas. → Mark Joshi – A numerical investigation Research students are usually allocated of the asymptotics of binomial They publish in top journals and present office space close to their supervisor. approximations to the American their work at seminars and conferences put option. around the world. The centre holds the Joint Seminar Series on Stochastic For more information, including Processes and Financial Mathematics, a detailed listing of academic staff in collaboration with the Department within the centre, please visit: www. of Mathematics and Statistics. economics.unimelb.edu.au/actuarial The centre can offer PhD supervision in several areas, including: → Risk theory → Investment models → Survival analysis → Financial mathematics → Derivative pricing → Applied probability
Recent PhD theses completed:
→ Ashley Evans → Ka Ki Jackie Li developed new actuarial models studied the suitability of different for both corporate bankruptcy and stochastic methods of claims credit rating migrations. reserving for general insurance → Manabu Sato liabilities under Australian investigated the effect on insurers’ Prudential Standards. balance sheets of the introduction → Edward Leung of fair value accounting in 2010. examined the actuarial aspects of long-term care in Australia, considering both private and public funding.
14 | Graduate Research Course Guide 2012 PhD program in Actuarial Studies
CRICOS 056955G Assessment For those who wish to undertake At the completion of the degree, extensive research and develop candidates are required to submit a expertise in this discipline. In Australia, thesis of 80,000– 100,000 words in the majority of research graduates length. The award of the PhD is based take on professional roles in business, solely on the examination of this thesis. government and other organisations, Candidates are also required to present while about one third go on to careers a research seminar prior to submission in academia. of the final thesis. Program structure How to apply 3 years full-time or part-time equivalent Please see page 28 for more information Research Thesis only (no coursework). Contact details Admission requirements Program Director: Please see page 2 for the minimum entry Professor Daniel Dufresne requirements for this program. Please Queries about the program should see page 26 for further information on be directed to: admission requirements. Research Higher Degree Officer Graduate School of Business and Economics University of Melbourne Victoria 3010 Tel: +61 3 8344 2161 Email: [email protected]
“The Actuarial PhD has provided me with skills that allow me to see the world in a different light. Graduate studies give the tools to question, challenge and never stop learning. “Research qualifications are rare in the actuarial field, and employers do not necessarily understand the advantage you can offer. I found, however, that employers soon recognise that the ability to apply quick critical analysis, sound arguments and receptiveness to new ideas can benefit them greatly.”
Ashley completed his PhD in Actuarial Studies in 2008. He developed new actuarial models for both corporate bankruptcy Dr Ashley Evans and credit rating migrations. PhD, Actuarial Studies
Graduate Research Course Guide 2012 | 15 Master of Commerce
CRICOS 006654B All applicants are also required to: How to apply → provide results of the GRE General The Master of Commerce is available Please see page 28 for more details as a research degree in the area of Test, (see page 26 for more detail) Actuarial Studies. It is open to recent → provide a personal statement Contact details graduates from any discipline, and no → be available for an interview or have Program Director: work experience is required. other verbal communication with a Professor Daniel Dufresne prospective supervisor to assess Program structure suitability. Queries about the program should be directed to: A full-time student should complete the All applicants must satisfy the program in two consecutive semesters Research Higher Degree Officer University’s English language (one year). The program may also be Graduate School of Business requirements. Please see page 27 taken part-time (two years). Students will and Economics for more details. be required to pursue original research University of Melbourne on an approved topic, and must consult Assessment Victoria 3010 with the Director of Actuarial Studies Students are required to present the Tel: +61 3 8344 2161 before lodging a submission for their results of their research in the form of a research project. Email: [email protected] thesis of approximately 30,000 words Once a student is accepted for the or, on the recommendation of their degree of Master of Commerce, a supervisor, a series of papers. The thesis supervisor is appointed with whom the should demonstrate a critical application student should consult with regularly. of specialist knowledge and make an independent contribution to original Admission requirements research. To be eligible for entry to the Master of Commerce you must have either: → a four-year honours degree in actuarial studies, commerce or a related discipline, a minimum of second class honours (H2B 70-74%) standard from an Australian university, or → successfully completed a preliminary course, normally the relevant postgraduate diploma, at an overall standard of at least second class honours.
16 | Graduate Research Course Guide 2012 “I chose Melbourne for my PhD Stephen Chin studies because it is one of the best PhD Student, Centre universities around the world. for Actuarial Studies “There are lots of chances to meet great people and researchers with common interests. The fact that Melbourne is one of the great Stephen’s research into financial multicultural places of the world mathematics was undertaken with the was another reason.” supervision of Professor Daniel Dufresne and Professor David Dickson.
Graduate Research Course Guide 2012 | 17 Economics
Department of Economics
The Department of Economics is one of Australia’s best; with a very strong research track record that spans almost all branches of economics and econometrics.
The Department of Economics has With research strengths in a number Our graduate research programs several dedicated research units of key areas, the Department can offer emphasise independent, original work. attracting local and overseas academics, training and PhD supervision for topics in Students receive training of the highest and continually pushes the boundaries a wide range of specialisations, including: international standard. Our aim is to of knowledge in the fields of economics → Macroeconomic theory bring students into the mainstream and econometrics. → Macroeconomic policy research of modern economic and econometric research by offering the opportunity to Staff in the department have published and analysis collaborate with leading scholars, while in the world’s most prestigious → Macroeconomic forecasting delivering a program of study tailored to scholarly journals, including: American and business cycles analysis the student’s interests. Economic Review, Econometric → Monetary economics Theory, Econometrica, European → Financial economics Students are encouraged to participate Economic Review, Journal of Applied → Labour market research and analysis in all aspects of academic life. This Econometrics, Journal of Business → Social policy research and analysis ranges from involvement in the and Economic Statistics, Journal of teaching program of the department to → Micro-simulation modelling Economic Theory, Quarterly Journal presentation of their work in seminars. → Longitudinal survey research of Economics and the Review of The department also provides support Economics and Statistics. → Microeconomic theory for students to present their work → Industrial economics at both domestic and international Current research interests of the → Health economics conferences. Department’s staff can be broadly → Economic design grouped into the following areas: Financial support economic theory, applied economics, → Experimental economics experimental economics, econometrics → Behavioural economics Generous scholarships are available and quantitative methods, and monetary → Econometric theory for the duration of the program to and financial economics. Our staff → International economics suitably qualified applicants. are often called upon to provide policy → Development economics. Please see page 9 for details on advice to governments and Scholarships and Fees. international organisations. For more information, including a detailed listing of academic staff within the Department, please visit: www.economics.unimelb.edu.au
Recent PhD theses completed:
→ Yun Bao application to the Thai Baht after → Solmaz Moslehi A Small open economy DSGE the float Composition of Government model with a housing sector → Nicholas Denson Expenditure → Christopher Beveridge Variance Reduction using a Markov → Roshan Perera Pricing long-dated exotic interest Libor Market Model How Robust are the Existing rate contracts in the displaced → Rosemary Humberstone Solutions to the Price Puzzle? diffusion LIBOR market model Interaction between public and Evidence from the US → Adam Bronek private research → Christian Roessler Using Bayesian inference → Noorishan Mohamad Essays on competition, product to accommodate parameter Regulatory reform and design and firm formation uncertainty in the estimation of productivity performance of → Vicar Valencia welfare changes in agricultural telecommunications industry Essays in corporate governance, commodity markets across the world; Multi-Output innovation, and R&D alliances → Pawan Chongussayakul Stochastic distance function → Luke Wainscoat Empirical investigation of Approach The effect of different attitudes the exchange rate behaviour: to risk, and fines for attempted collusion, on cartel formation
18 | Graduate Research Course Guide 2012 Melbourne Institute of Applied Economic and Social Research
The Melbourne Institute is the first university-based research institute of its kind in Australia, established in 1962 for the purpose of promoting a deeper understanding and discussion of economic and social issues of national significance as well as to foster effective policy responses to these issues through evidence-based research.
The first Director was Professor Ronald Australian doctors are influencing Academic staff at the Melbourne Henderson, who is best remembered for the provision of healthcare Institute also collaborate with a wide his work on poverty and the development → CASiE (Consumer Attitudes, range of national and international of the Henderson Poverty Line. Sentiments and Expectations), a scholars. There is an active international visiting scholars program as well as The Melbourne Institute is nationally monthly survey of 1,200 Australian active seminar and workshop programs. and internationally renowned for applied consumers which began in 1974 to PhD candidates are strongly encouraged economic and social research. Research obtain information about consumer to be part of the international community staff are actively involved in projects sentiment, inflationary expectations, of scholars. that span academic, government, household saving behaviour and business and community interests. preferences, unemployment PhD students are well-placed to expectations and wage changes. join major research institutions or The Melbourne Institute conducts government bodies with a focus research in five key areas: Knowledge engagement on applied policy research, after → Labour economics and social policy and career development completion. → Health economics Many of the research programs in the → Economics of Education Melbourne Institute are conducted in Financial support → Economics of Innovation collaboration with major organisations, The Melbourne Institute actively → Macroeconomics including both government departments encourages and funds graduate and agencies (e.g. the Department of research students to present their In addition, the Melbourne Institute Education, Employment and Workplace work at national and international is the home of: Relations), and non-government conferences. → HILDA (Household, Income and Labour organisations (e.g. the Brotherhood Please see page 9 for details Dynamics in Australia) Survey, a of St Laurence). A PhD candidate household-based longitudinal panel contributes as an integral member For more information, including a study that collects information of a research team. detailed listing of academic staff within about the dynamics of economic and the Melbourne Institute, please visit: This hands-on experience enhances subjective wellbeing, work and family www.melbourneinstitute.com research training and promotes the → MABEL (Medicine in Australia: development of excellent research skills. Balancing Employment and Life), Moreover, the diversity of active projects a longitudinal survey of doctors at the Melbourne Institute introduces which began in 2008 with the aim students to the breadth and depth of of improving understanding of how research questions and methodologies – changes in the working lives of an advantageous opportunity.
Recent PhD theses completed: → Yashar Gedik → Sarantis Tsiaplias → Kinga Elo Geographical Localisation of An Empirical Investigation into Foreign Direct Investment Knowledge Flows Equity Market Feedback and Decisions with Country Risk and → Ha Vu Momentum, Co-movement and the Barriers to Capital Movements: The The Dynamics of Income Support in Macroeconomic Content of Pricing Special Case of Capital Controls Australia Factors → Penelope Smith → Andreas Stierwald → Wang-Sheng Lee Modelling Business Cycles Heterogeneity in Firm Performance Aspects of Propensity Score through Changes in Regime – An Analysis of Large Australian Matching (awarded the 2006 Chancellor’s Firms Prize for Excellence in PhD thesis in the Social Sciences)
Graduate Research Course Guide 2012 | 19 “ The University of Melbourne was the best choice given its high profile and generous scholarship. My studies are providing me strong conceptual and analytic skills. “ These will set me on a prospective career path either in academia or research organisations.”
Ermias Weldemicael PhD candidate, Department of Economics
Ermias commenced the PhD program in 2008. His main research interests are on International Trade, Development Economics and Macroeconomics.
“ The coursework I undertook as part of my course greatly improved my technical Diana Warren skills in econometrics. The time spent writing the thesis and the many rounds of PhD candidate, Melbourne Institute revisions and advice from my supervisors have improved my academic writing skills.
“ This course has enabled me to develop Diana’s thesis is titled ‘The Retirement the knowledge and skills necessary to Decisions of Mature Age Australians’. progress in my career as a researcher at She combines her study with her role as a the Melbourne Institute” research officer at the Melbourne Institute.
20 | Graduate Research Course Guide 2012 Economics Doctoral Program
CRICOS 065396D (M.Eco) Admission requirements How to apply & 056955G (PhD) Please see pages 2-3 for the minimum Applicants for this program should Consistent with the design of the world’s entry requirements for this program. contact the Academic Programs top PhD programs, the Department Please see page 26 for further Manager (Research Higher Degrees) of Economics and the Melbourne information on admission requirements. prior to lodging an application. Institute offers a world-class four- year Doctoral program involving Assessment Contact details substantial coursework and research. Normally, PhD candidates are first Program Directors The first year of the program provides admitted as ‘probationary’ candidates. Department of Economics: broad-based instruction in the central The move from probationary candidature Associate Professor Russell Hillbury tools of economic research. In the to confirmed candidature is decided on Melbourne Institute: second year students take additional the recommendation of a Confirmation Professor John Haisken-DeNew coursework, this time with a focus Committee, comprising at least three on specific fields of research within academics including the PhD Director Queries about the program should the discipline. Upon the student’s and the student’s supervisor(s). be directed to: completion of the coursework, the Candidates must pass all subjects Academic Programs Manager student proceeds to PhD candidature to progress to confirmation and the (Research Higher Degrees) through a rigorous confirmation dissertation. Confirmation usually Graduate School of Business process that includes a public seminar occurs 12 to 15 months after enrolment and Economics presentation of the research proposal. in the PhD, students are required to have University of Melbourne This process marks the beginning of prepared a written proposal that outlines Victoria 3010 the candidate’s dissertation research. the research program and shows Candidates graduate with a Master of evidence of substantive progress and to Tel: +61 3 8344 3521 Economics and a Doctor of Philosophy have made an oral presentation based on Email: [email protected] and scholarships are available for the their thesis proposal. The Committee will duration of the program to suitably recommend confirmation if it believes qualified applicants. there is a reasonable expectation that the student will complete the PhD thesis Career Development by the due date. The Economics Doctoral program Students are required to maintain provides training to enable our satisfactory progress throughout their graduates to move on to employment candidature. In addition to regular in a variety of areas, including senior meetings with supervisor(s), progress positions in government, financial is monitored through the confirmation institutions, academic institutions, process and annual reports. The award international consulting agencies of the PhD is based solely on the and industry. The emphasis of the examination of the thesis. program is on obtaining the best training possible through a combination of advanced coursework and independent, original work in any aspect of economics and econometrics. Program structure Four years full-time (or equivalent) program, including one year full-time or equivalent of coursework at the Master of Economics level and three years full- time or equivalent PhD course → Year One: Master of Economics-level Coursework (100 points); → Year Two: PhD-level Coursework (100 points); → Years Three to Four: Research and Thesis Writing
Graduate Research Course Guide 2012 | 21 Finance
Department of Finance
The Department of Finance is internationally recognised for its world-class research, research training, and undergraduate and postgraduate education in the various sub-disciplines of finance.
The department is ranked in the top With research strengths in a number of A recent Master Class featured Jay three finance departments in Australia key areas, the department can offer PhD Ritter (University of Florida) on corporate and in the top five in the Asia-Pacific supervision for topics in a wide range of finance topics and Yael Hochberg region. Academics in the department specialisations, including: (Kellog, Northwestern University ) on regularly present their research → Asset pricing and portfolio/funds private equity. Our PhD candidates have papers at prestigious domestic and management benefited greatly from these activities international conferences, including → Corporate finance and corporate over the past five years. the American Finance Association, governance The Department of Finance has an European Finance Association, and → Derivatives and risk management active research seminar series where Western Finance Association annual → Financial institutions and regulation the very best (inter)national finance meetings. → Market microstructure academics present their latest Journals in which academics have research, which provides excellent had their research published include: The department hosts a major annual research training opportunities for PhD Journal of Finance, Journal of Financial conference, Finance Down Under: candidates. An exciting and stimulating and Quantitative Analysis, Journal of Building on the Best from the Cellars of research workshop series actively Financial Economics and Review of Finance and its most recent conference involves the PhD candidates presenting Financial Studies. Various academics was a great success . Keynote addresses their work-in-progress. The Department have been invited to teach at leading were given by Peter Bossaerts (Cal Tech), encourages its PhD candidates to overseas institutions, including the Steve Ross (Yale) and Jeff Pontiff submit their papers to prominent finance Wharton School of the University of (Boston College). conferences and finance journals Pennsylvania, the Stern School of and provides funding towards journal Knowledge transfer Business at New York University, submissions and local and international and the University of Chicago. and career development conference attendance, when invited to present a paper. The department has an exceptionally The Department of Finance engages strong visitors program with recent closely with the finance industry through The career prospects of graduating visitors including Simon Benninga involvement in continuing education PhDs increasingly depend not only on (Tel Aviv University), Stephen Brown and executive programs. It is a founding their ability to write quality research, (NYU), Louis Ederington (University member of the Australian Centre but also on their ability to successfully of Oklahoma), Robert Engle (NYU, for Financial Studies (ACFS), which teach large and small classes. Our Nobel laureate), Stuart Gabriel (UCLA), brings together education and industry PhD candidates are therefore actively Mike Gallmeyer (University of Virginia), bodies to advance industry practice, encouraged to apply for tutoring Nicolae Garleanu (UC Berkeley), John research and education in Melbourne positions within our department and, Hund (Rice), Shane Johnson (Texas and Australia. PhD candidates are through our Advance in Finance program A&M), Stephen LeRoy (UC Santa encouraged to participate in ACFS for PhD students, present guest lectures Barbara), Haim Levy (Hebrew University activities and thus build linkages with in undergraduate subjects. These of Jerusalem), Maureen O’Hara (Cornell industry professionals to enhance their activities are supported by the Faculty’s University), Michael Schill (Darden finance industry career opportunities. Teaching and Learning unit. School of Business), and Richard The department is also a founding Stapleton (University of Manchester). member of the Financial Integrity Financial support These prominent visiting academics Research Network (FIRN), a network The Department of Finance offers directly contribute to the PhD program of 12 Australian universities. FIRN’s a range of financial support options by delivering short courses in the Thesis Younger Researcher Programme hosts for suitably qualified PhD candidates. Workshop, commenting on our PhD an annual Doctoral Tutorial where For more details, visit: www.gsbe. candidates’ work in progress, and by PhD candidates present their work to unimelb.edu.au/downloads/ Finance_ providing broad research advice to prominent (inter)national discussants, scholarships.pdf and an annual Master Class where three PhD candidates. Please see page 9 for details on distinguished international academics Scholarships and Fees. present a series of lectures in a one-week intensive PhD program. For more information, including a detailed listing of academic staff within the Department, please visit: www.finance.unimelb.edu.au
22 | Graduate Research Course Guide 2012 PhD program in Finance
CRICOS 056955G Contact details Program structure Program Director: Professor Spencer Martin One year (or part-time equivalent) of Coursework followed by two years Queries about the program should (or part-time equivalent) of Research. be directed to: “The PhD experience is very The first year of coursework consists Research Higher Degree Officer challenging but extremely of six semester-long subjects Graduate School of Business rewarding. The process of comprising one economics subject, and Economics two quantitative subjects, three finance PhD coursework and training University of Melbourne have equipped me with the subjects and a year-long (double subject) Victoria 3010 Thesis Workshop. skills to do original research. Tel: +61 3 8344 2161 Admission requirements My supervisors’ enormous Email: [email protected] Please see page 3 for the minimum entry support and meticulous requirements for this program. Please guidance have assisted me see page 26 for further information on since the very beginning of admission requirements. my dissertation stage. Assessment Students are required to attain an average mark of at least 75 percent in their coursework in the first year and satisfy the requirements of a confirmation seminar. Candidates must complete the requirements of a confirmation seminar and thesis by the appropriate deadlines. The award of Chelsea Yao the PhD is based solely on the result of the thesis. PhD candidate, Department of Finance How to apply Please see page 28 for details
Chelsea is an international student from China.
Recent PhD theses completed:
→ Zhenhua Liu → Kim Loong Choo, now Lecturer, → Brett Leo Shanahan, now Research State Ownership, Sovereign Wealth Griffith Business School Fellow, RMIT University Funds and Firm Performance Information, Day Trading and Multi Dimensional Stochastic → Yang Yang Chen, now lecturer, Market Behaviour Volatility and its Application to Monash University → Tariq Hassan Haque, Option Pricing Three Essays in Corporate Finance: now Lecturer, University of → Hong Feng Zhang, now Lecturer, The Evolution of Capital structure Adelaide Deakin University and theRrole of Institutional Leader Stocks, Follower Stocks Shareholder Rights, Firm Investors on Cash Holdings and on and Switching Effects in the Performance and Information Flow. Firm Value Australian Stock Market → Mahmoud Agha, now Assistant → Hui Li, now Lecturer, La Trobe Professor, University of Western University Australia Investor Sentiment, Institutional Investment, Dividends, Firm Ownership, Executive Performance and Managerial Compensation and Corporate Incentives: Another Insight into the Investment Value of Corporate Governance
Graduate Research Course Guide 2012 | 23 Management and Marketing
Department of Management and Marketing
Academics and graduate research candidates in the Department of Management and Marketing are productive and successful members of a global community of management and marketing researchers.
Staff and students attract competitive Knowledge transfer A very high proportion of our PhD research funding and win awards for and career development graduates have gone on to high-profile their research excellence. Field work academic jobs in leading Australian and is conducted in Australia and overseas Led by the PhD Program Director, an international universities. and subsequent research results are active student body arranges forums with presented at prominent international staff and eminent visitors and organises Financial support social functions. PhD candidates also management and marketing conferences Generous scholarships are available for coordinate a departmental PhD student and published in leading international the duration of the program to suitably retreat: a student seminar/conference journals. qualified applicants. Please see page 9 featuring presentations by research for details on Scholarships and Fees. The academic staff in the Department students and guest speakers, and of Management and Marketing are discussions on a range of topics relevant For more information, including a internationally recognised for the to the PhD process. detailed listing of academic staff within excellence of their research and the Department, please visit: www. The quality of a PhD program and its teaching performance. They use cutting managementmarketing.unimelb.edu.au edge knowledge to make the learning students is an important indicator of process exciting and engaging. With the wider excellence of a university research strengths in a number of key department. In the Department of areas, the department can offer PhD Management and Marketing PhD supervision for topics in a wide range students are recognised as already of specialisations in the following being important members of the disciplinary areas: scholarly community and their candidature is supported by generous → Consumer behaviour grants to assist with fieldwork and → Human resource management conference attendance. Tutoring and → International business lecturing opportunities are also available → Marketing management to build key teaching skills and provide → Operations and supply chain additional financial support. management → Organisation studies.
Recent PhD theses completed include:
→ Penelope Webster → Kohyar Kiazad → Primo Gatpolintan Garcia Why Are Expectations of Grievance Responses to Psychological Narrative Positioning, Discourses, Resolution Systems Not Met? A Contract Breach: Moderating and Practices: The Social Multi-Level Exploration of Three Effects of Organisational- Construction of Individual and Case Studies in Australia Embeddedness Organizational Identities in an → Sari Sitalaksmi → Dinuka Wijetunga Australian University The Transformation of Indonesian A Consumer Culture Perspective → Suzy Katherine Goldsmith State-Owned Enterprises (SOEs) on the Social Shaping of an A Generalised Agency Framework and the Role of Employment ‘Unstable’ Technological Artefact: for Dealing with Corporate Risk Relations (ER) A Sri Lankan Study of the Mobile → Alexander Josiassen → Ananya Bhattacharya Telephone The Origin Image System: A Study Outsourcing Practices → Belinda Catherine Allen Conceptualising and from an Agency Theory Perspective Casual Employment in a Operationalizing a Holistic Collaboration between Supply Profession: Examining Identity, Framework → Shahid Al Balushi Work/Life Dynamics, and Career Chain Members: A Social Capital Outcomes Perspective
24 | Graduate Research Course Guide 2012 PhD program in Management and Marketing
CRICOS 056955G Contact details Program structure Program Director: Associate Professor Prakash Singh One year (or part-time equivalent) of Coursework followed by two years Queries about the program should (or part-time equivalent) of Research. be directed to: In the first year of their candidature Research Higher Degree Officer students undertake two coursework Graduate School of Business subjects that introduce the key topics and Economics and decisions relevant to research in the University of Melbourne management and marketing domains. Victoria 3010 These subjects are marked on a pass/fail basis. Candidates also commence work Tel: +61 3 8344 2161 on their research thesis in their first Email: [email protected] year of candidature. The thesis must be based on original work, and candidates should aim for it to be approximately “Conducting my PhD at the 80,000 words in length in its completed form. In the second and third full time GSBE was a challenging, (or equivalent) years of the program, motivating and rewarding students continue to work on their experience that exposed me to thesis. fascinating ideas and people. Admission requirements “ I appreciate the freedom I was Dr Lauren Gurrieri Please see page 3 for the minimum entry given to explore my research PhD, Department requirements for this program. Please interests within the bounds see page 26 for further information on of Management of a supportive, collegial and admission requirements. and Marketing intellectual community.” Assessment The award of the PhD is based solely on the result of the thesis. The thesis will be assessed by two external examiners. Lauren completed her PhD “The social construction of cool in the context of organisations and consumers: a discursive How to apply approach” in 2011. She is currently employed as a postdoctoral See page 28 for details research fellow at the Griffith Business School.
→ Pavithra Kailasapathy → Ameet Pramod Pandit A Study of Work-Family Conflict in Consumer purchase Sri Lanka: The Role of Exchange postponement: An Empirical Study Relationships, Life Stages, Gender, → Frances Mary Van Ruth and Gender Role Ideology The Internationalisation of → Benjamin Anthony Neville Australian Firms: How Networks Explorations in the Relationship Help Bridge the Psychic Distance between Business and Society: between a Firm and a Market A Stakeholder-Based Approach → Hailan Yang → Nik Mohd Hazrul Nik Hashim Business Strategy and Corporate Successful Product Launch Governance in Chinese Consumer Strategies: A Comparison between Electronics Sector Sequential and Simultaneous Product Rollouts
Graduate Research Course Guide 2012 | 25 Admission requirements
The University of Melbourne’s minimum The GRE test reflects the kind of entry requirements for research higher thinking a candidate will do in graduate degrees are listed on pages 2-3 and or business school and demonstrates 10-11. Minimum entry requirements that the applicant is ready for do not guarantee entry. graduate-level work. GRE scores are used by admissions or fellowship While applications for research degrees panels to supplement transcripts, can be lodged at any time, it is important recommendation letters and other for prospective applicants to note qualifications for graduate-level study. that most RHD programs offered with Visit www.ets.org/gre/ to find out more coursework commence in Semester 1 about the test itself and to register for of the academic year. Applicants are the GRE. also advised to apply before the scholarship application deadlines of NOTE: 31 August (International Postgraduate → International applicants who submit Research Scholarships) and 31 October a GMAT/ GRE with their application (all other scholarships). will not be charged the application fee. It is essential that you make contact with → GMAT and GRE test fees will be the Research Higher Degree Officer of deducted from fees for successful the Faculty of Business and Economics applicants who enrol in a GSBE BEFORE lodging your application, to program. Applicants to the PhD ensure that you fully understand and degree in Economics offered by meet the specific Department and the Department of Economics and Faculty requirements of your chosen the Melbourne Institute of Applied program and discipline. Economic and Social Research are exempted from the GRE requirement Graduate Management if they have previously provided a Admissions Test (GMAT) GRE result for their admission to the Required for PhDs in the Departments of: first year of the Doctoral Program in Economics (comprising the second → Accounting year of the Master of Economics) or → Finance (also accepts GRE) had that waived by the Faculty on the → Management and Marketing (also basis of completion of an Australian accepts GRE) tertiary qualification within 18 → Melbourne Institute (also accepts months of applying OR as a holder GRE) of a permanent Humanitarian Visa for Australia. The GMAT is a standardised assessment delivered in English. It is used by leading Research proposal business schools around the world to assess the qualifications of applicants The Department of Management for advanced study in business and and Marketing requires 3,000 word management. research proposal . Visit www.mba.com to find out more PhD applicants for all other programs about the GMAT and to register for will need to write a clear and specific the test. 100 word research proposal as part of the required Curriculum Vitae to submit Graduate Record Examination with their application. (GRE) For more information about Research Required for PhDs in the Departments of: Higher Degree admissions requirements, → Economics please visit: www.gsbe.unimelb.edu. → Actuarial Studies au/research/research-admission- requirements.html → Finance (also accepts GMAT) → Management and Marketing (also accepts GMAT) → Melbourne Institute (also accepts GMAT).
26 | Graduate Research Course Guide 2012 English language requirements For Doctor of Philosophy Part-time study Applicants from countries where TOEFL Minimum score of 600 and score Part-time study is only available English is not the official language or of 5.0 in Test of Written English (TWE). for Australian citizens, Australian the language of institutional instruction TOEFL (Computer Based) Minimum permanent residents or New Zealand and assessment must provide evidence score of 250 and score of 5.0 on the citizens. International students of English language proficiency. Essay Rating. must be enrolled on a full-time basis. Documentary evidence of having An applicant for admission as a part- obtained the minimum scores required TOEFL (Internet Based) Minimum time student must demonstrate to the in either the American Test of English score of 100 and score of 24 in Writing, Head of Department and supervisor as a Foreign Language (TOEFL) or with no band lower than 21. that adequate time is available to the International English Language IELTS Minimum overall score of 7.0 devote to their PhD work and to Testing System (IELTS) within the and score of 7.0 in Writing, with no maintain regular contact with their previous 24 months is required. other band lower than 6.0. supervisor and the department. Applicants may be provisionally offered For Masters by Research a place in the program on the condition they attain the required minimum English TOEFL Minimum score of 577 and score proficiency level before commencing of 5.0 in Test of Written English (TWE). the program. TOEFL (Computer Based) Minimum Non-native English speakers are score of 233 and score of in Test of also offered the opportunity and are Written English (TWE). encouraged to undertake the Diagnostic TOEFL (Internet Based) Minimum score English Language Assessment (DELA) of 90 and score of 24 and no band less offered by the University during than 21. Orientation Week, to ascertain whether IELTS Minimum overall score of 6.5 they might benefit from further English (with no band less than 6.0). language assistance.
“ A PhD is a journey into learning: learning about a subject that you have a passion for, about the methods you can use to explore this subject, about people with similar interests, and about yourself. “ Doing the PhD program in Management was demanding and rewarding, but above all it was a tremendous opportunity to learn.” Dr Eric Quintane PhD, Department of Eric was an international student from France. Management and Marketing He completed his PhD in Management in 2008. Eric is now working as a postdoctoral research fellow at Lugano University, Switzerland.
Graduate Research Course Guide 2012 | 27 How to apply for a graduate research degree
Step One Contact us Establish the research area of interest All local and international applicants Applicants need to write a clear and are encouraged to contact the Research specific 100 word research proposal Higher Degree Officer with any queries to submit with their application about graduate research degree options (3,000 words for the Department of or the application process. The Officer Management and Marketing). If you are can provide individual assistance with intending to study in Actuarial Studies, your enquiry. Management and Marketing or the Email: [email protected] Melbourne Institute, you will also be required to submit a CV and covering Admission is subject to the availability letter. Please do not contact individual of appropriate supervisory resources. supervisors – applicants are not required While the Faculty accepts applications to find a supervisor prior to submitting for graduate research degrees at any an application (with the exception of time, applicants must submit their Management and Marketing). application by 31 October (for entry Step Two to Semester One) in order to be considered for a scholarship. Consider the following questions: → What are the different degree options? → What are the eligibility requirements for the degree of interest? → What scholarships are available?
Step Three The University of Melbourne now uses the same application form for all graduate research degree candidature and scholarship applications. Local and international applicants applying for candidature and scholarship, or candidature only should use the “Application for Admission to Graduate Research Degree Candidature and Scholarship” and referee report forms that can be downloaded from here: http://futurestudents.unimelb.edu. au/admissions/applications/research/ application-form Mail or deliver in person the completed application with all supporting documentation to: Graduate Research Degree Admissions The John Smyth Building, Swanston Street The University of Melbourne Parkville, Victoria 3010, Australia
28 | Graduate Research Course Guide 2012 Never Stop Learning The GSBE offers a wide range of programs for recent graduates, graduate research degrees, and career development courses for established practitioners. Our offering includes:
Graduate Coursework degrees Whether you’ve just completed your undergraduate degree, are looking to change career direction or want to acquire specialist skills and knowledge, we have a course for you. For details request a copy of the Graduate Course Guide.
Graduate Research degrees If you would like to undertake extensive research and develop expertise in a business or economics discipline, you may like to consider a Masters by Research or a PhD. In Australia, the majority of research graduates take on professional roles in business, government and other organisations, while about one third go on to careers in academia. Our offering is contained in this Graduate Research Guide.
Executive Education programs We offer a range of open and custom programs delivered by leading academics and business experts. You may choose to take a sequence of our executive education courses and acquire an accredited executive education qualification from the University of Melbourne. For details, request a copy of the Executive Education Open Programs guide or speak with us about development of a customised offering.
For more information Find out more at www.gsbe.unimelb.edu.au, or request a brochure by contacting us at [email protected] or on +61 3 8344 2161
Graduate Research Guide 2012 Disclaimer Authorised by: Dean, Faculty of Business and Economics The information in this publication was correct at the time of printing. The Published by: Graduate School of Business and Economics University of Melbourne reserves the right to make changes as appropriate. Copyright: The University of Melbourne July 2011 As details may change, you are encouraged to visit the University’s website CRICOS Provider code: 00116K or contact the University of Melbourne Information Centre to obtain the latest information. Intellectual Property Statement on Privacy Policy For further information refer to Statutes and Regulations. When dealing with personal or health information about individuals, the Copyright University of Melbourne is obliged to comply with the Information Privacy Copyright The University of Melbourne 2011. Copyright in this publication Act 2000 and the Health Records Act 2001. For further information refer is owned by the University and no part of it may be reproduced without the to the privacy policy. permission of the University. Contact us Graduate School of Business and Economics Faculty of Business and Economics The University of Melbourne 198 Berkeley Street Carlton Victoria 3010 Tel: +61 3 8344 2161 Fax: +61 3 9349 5021 Email: [email protected] www.gsbe.unimelb.edu.au