Master of Philosophy (Faculty of Business & Economics) (CRICOS course code 045341G) is a Masters Degree (Research) delivered by Monash University (Monash) over 2 years. This research-intensive program, classified under AQF Level 9, allows international students to pursue original research in economics and econometrics (Field of Education 091901). Monash University (CRICOS 00008C) is a government-funded institution consistently ranked among the world's top universities. Studying at Monash means accessing world-class research facilities and expert supervision across its campuses in Victoria. As with all CRICOS-registered courses, international students benefit from ESOS Act protections, ensuring quality education and consumer rights. Whether you aim to pursue a PhD or a career in research, this degree provides a strong foundation.
Master of Philosophy (Faculty of Business & Economics) (CRICOS course code 045341G) is a Masters Degree (Research) delivered by Monash University (Monash) over 2 years. This program sits at AQF Level 9 and falls under the broad field of Society and Culture, specifically Economics and Econometrics (091901). As a research degree, it requires students to complete a substantial thesis under supervision. Monash offers this course at three locations: Caulfield (Caulfield East), Clayton (Clayton), and Peninsula (Frankston), all in Victoria. Australia has over 1,500 CRICOS-registered providers offering more than 26,000 courses, and this course is a prime example of high-quality research training. Note that this is a single qualification with no dual award and no foundation studies component.
As a Master of Philosophy (Research) student specialising in Economics and Econometrics, you will engage in advanced research methodologies, critical analysis, and independent inquiry. The program typically involves coursework in research design and ethics, followed by a thesis demonstrating original contribution to knowledge. Graduates develop skills in economic modelling, data analysis, and policy evaluation. This field of education prepares students for roles in academia, government, and private sector research. The specific research topic is developed with your supervisor, allowing deep exploration of economic theory or applied econometrics. While exact syllabus details are set by Monash, this degree fosters expertise in quantitative and qualitative research within the economics domain.
This course is registered on CRICOS for 104 weeks (2 years) of full-time study. The language of instruction is English. It is a single qualification with no dual award or foundation studies component. International students must maintain full-time enrolment to comply with Student visa conditions. Monash offers various support services for research students, including library access, research skills workshops, and supervisory meetings. The 2-year duration allows sufficient time for coursework and thesis completion, though extensions may be possible under specific circumstances.
Indicative tuition fees for Master of Philosophy (Faculty of Business & Economics) are A$84,460, with non-tuition fees listed as A$0 on the CRICOS register, resulting in an estimated total of A$84,460. Please note: these figures are sourced from the CRICOS register as at April 2026 and are indicative only. Fees are set by Monash University and subject to change. Additional costs not included are Overseas Student Health Cover (OSHC), living expenses (approximately A$25,000–30,000 per year), and the Student visa application charge (currently A$1,600). Always confirm current fees directly with Monash University at www.monash.edu.au.
English language requirements vary by provider – typically IELTS 5.5–7.0 overall depending on course level. For a research master's degree, institutions usually require a bachelor's degree with a research component or a relevant honours degree. Monash specifically expects applicants to have completed a four-year bachelor's degree or equivalent with at least a distinction average. Additionally, a research proposal aligned with faculty expertise is often needed. Foundation or pathway programs are not applicable to this course level. For exact requirements, consult Monash University directly.
No work component. This course does not include a mandatory work or internship component. However, Student visa (Subclass 500) holders can work up to 48 hours per fortnight during term and unlimited hours during scheduled breaks. Work is not part of the academic program. International students should ensure work does not interfere with study commitments.
This course is delivered at three Monash University campuses in Victoria: - Monash Caulfield (Caulfield East, VIC): Located in Melbourne's south-eastern suburbs, about 10 km from the CBD. Caulfield has a vibrant student community with easy access to public transport (train, tram, bus). - Monash Clayton (Clayton, VIC): The main campus in Melbourne's south-east, approximately 20 km from the CBD. It is the largest Monash campus, offering extensive research facilities and student services. - Monash Peninsula (Frankston, VIC): Situated on the Mornington Peninsula, about 44 km from Melbourne's CBD. Frankston offers a more suburban lifestyle with coastal proximity. All locations are connected by Metro trains and buses. Melbourne is home to over 250,000 international students and has a diverse economy, with living costs around A$350–500 per week for rent, plus groceries and transport.
International students enrolled in this course must hold a Student visa (Subclass 500). Key conditions include: maintain enrolment in a CRICOS-registered course, meet attendance and academic progress requirements, hold OSHC for the entire stay, and satisfy the Genuine Temporary Entrant (GTE) requirement. Work rights: 48 hours per fortnight during course term, unlimited during scheduled breaks. Financial capacity must be demonstrated to cover tuition, living costs, and OSHC. Upon course completion, graduates may apply for the Temporary Graduate visa (Subclass 485). HeadStart Academy is not a registered migration agent; for visa advice, consult a MARA-registered agent or the Department of Home Affairs.
To apply for Master of Philosophy (Faculty of Business & Economics) at Monash University: 1. Research CRICOS-registered providers: Use HeadStart Academy to filter by course level (Masters Degree Research), field (Economics and Econometrics), and location (Victoria). 2. Apply directly to Monash University: Check entry requirements (academic background, English proficiency, research proposal) and application deadlines. Submit your application via Monash's online portal. 3. Receive your Confirmation of Enrolment (CoE) and apply for your Student visa (Subclass 500): Once accepted, Monash will issue a CoE. Use this to lodge a visa application with the Department of Home Affairs, including proof of OSHC, financial capacity, and GTE statement.
Victoria is Australia's second-most popular state for international students, hosting over 250,000 enrolments annually. Melbourne, the capital, is consistently ranked as one of the world's most liveable cities. The state has over 50 CRICOS-registered providers offering thousands of courses. Living costs in Melbourne are moderate: rent for a shared apartment ranges from A$200–350 weekly, groceries A$80–120, and transport A$40–60 (with student concessions). Regional campuses like Peninsula offer lower costs and a quieter lifestyle. Victoria's economy is strong in finance, technology, and education, providing excellent networking and job opportunities for research graduates. Public transport connects all Monash campuses, making it easy to explore the state.
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Master of Philosophy (Faculty of Business & Economics) is a CRICOS-registered programme at Monash University (Monash). Use this register extract [CRICOS register, Apr 2026] to cross-check codes, duration and indicative fees before you apply.
This page is general information only and not migration advice. Confirm Student visa (Subclass 500) requirements with the Department of Home Affairs.