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Dr Amanda White 0:00
Good morning everybody. And thank you for joining us here at UTS. Open Day 2021. My name is Dr Amanda White. I am the Senior Lecturer and Deputy Head Education in the Accounting Discipline Group. I am an Accountant as well. And I'm joined today by Jasmine who is a current student studying at UTS. Jasmine, what programs are you studying? You're doing a double degree, right?
Jasmine - UTS Business School Student 0:27
Yeah, so I studied a Bachelor of Business, which I've actually finished because I'm in my fourth year. And my fourth year is comprised of finishing off my Bachelor of Creative Intelligence and Innovation.
Dr Amanda White 0:38
Which is a we'll talk a little bit about the combined degrees later. But there is some fantastic work that comes out of BCII. And it's one of our flagship programs. So if you're interested, make sure you have some questions, you can put them in the Q&A for Jasmine, and she'll be able to get to them later. So first off, we start all of our formal events with an Acknowledgement of Country. And I'd like to acknowledge the Gadigal people of the Eora Nation upon whose ancestral lands our City Campus now stands. I would also like to pay respect to Elders past and present, acknowledging them as the traditional custodians of knowledge for this land. I'd like to also acknowledge that I'm on Dharug country, here out in the Blacktown LGA today as well and for us at UTS is that Indigenous perspective of knowledge and history is really important to what we do, and learning from them and with them in how we can move forward.
So today, we've got a packed agenda within a half hour, 25 minutes remaining. I know there's many other sessions you're probably trying to get to today. So we're going to talk about COVID-19, and how that's affected our learning, ATARs, how we get into UTS and the different types of courses we have within the business school internships, opportunities, and international opportunities, and scholarships, as well. And I was sort of in a similar position to you, when I left high school, I was trying to figure out what university to go to - and I'm a UTS, graduate as well. So I did a Bachelor of Business. And then I did a PhD at the University of New South Wales. But I'm also registered as an Accountant, I have professional as well as academic experience.
And we know that 2020 and 2021 is not what we wanted it to be, especially with our students and online learning. But our priority is the safety and well being of our staff and our students at this time. So right now our campus is closed. Students who need to access the campus for their learning can do so. But we're doing most of our activities remotely. And we've been working really hard over the last 18 months to provide engaging online experiences for students, and lots of support, in class time and outside of class time as well. So we have lots of specialists, online learning experts, one of those is myself. I am a 2020 National Teaching Award winner. So I was voted by my peers, as the best Academic in Australia in Business, Law and Economics in 2020. And part of that is the innovative approach that I bring to UTS and that I also pass on to all of my colleagues. So just know that we are able to shift and adjust quite quickly, even within one or two weeks notice of changes in situations. And we're always focused on giving students safe options for their learning.
So how do you get into UTS, there is the traditional pathway of doing your HSC exams which are coming up, which have been extended or delayed until November 9 to get your ATAR, then there are extra points, games or adjustment points to create your selection rank that helps you get into UTS. And traditionally, this is probably one of the most common ways that students come into UTS. And if you studied any economics, the ATAR on the selection rank is simply of functionality of supply and demand.
So these are the selection ranks for our 2021 intake. Bachelor of Business - 86 Full Time. Part time is slightly higher; we have because we have a slightly smaller part time intake. We've got Economics, our Management, and a Bachelor of Accounting oh and also Bachelor of Economics. The Bachelor of Accounting doesn't have an ATAR because it is an interview and assessment process. But we'll talk more about that later.
Now, you might be thinking, oh gosh, I'm really stressed out about doing my HSC and I'm worried about sitting exams and having to wear a mask and you know my study time and your preparation has been certainly Through a huge process of upheaval, you would have had some of your learning in 2020, when you're in your 11 online, some on campus or live and some online again in 2021. There are also extra adjustment points or bonus points available depending on which subjects you're studying in your HSC and if you can get in the top one or two bands of those subjects, there are extra points to add to your ATAR. So if your ATAR was 80 and then you get top bands in some specific areas or the second band from the top, then you can get up to five extra ATAR points, which might be enough points to help you get into your program. And you can go to uts.edu.au/study-year-12-adjustment-factors or if you just search UTS adjustment factors ATAR, then you'll be able to find that information and look at what subjects you're doing and which ones can give you extra bonus points to add on to your ATAR. And you don't need to apply for this, we can see what subjects you've done. And if you've put us as your first preference, we will automatically look at those subjects and add the bonus points.
Now another way to get bonus points, or a way to get into UTS is our cadetship scheme, I started as a cadet at what is now PriceWaterhouseCoopers. I was 18 going to university part time and working full time. So if you have been offered a cadetship or that type of traineeship program, then you might be able to get direct entry into UTS regardless of what your ATAR is. So you can apply for your cadetship after you've chosen your preferences in UAC. But when it comes time to receive an offer, you can write to us and then once we get to I think applications open today. But you'll be able to say look, here is my contract that I've signed with PwC, Ernst and Young, Grant Thornton as a trainee. And you there's a really strong possibility that that you'll be offered a place at UTS without needing to worry about that ATAR as well. This is because we recognize that UTS is a real heart of the business community. And we are the number one choice for students in cadetships and traineeships because of our proximity, our flexibility and our linkages to the workplace. And that's why I chose UTS probably, okay, probably more than 30 years ago. The reason I chose UTS is because it was closely aligned with industry and I needed that flexibility.
So what about students who have experienced long term disadvantage? We know that there are students out there, I've met a lot of our input students who have caring responsibilities, especially right now, if you've been supervising homeschool, for example, for your siblings, while your parents are essential workers, then for students who have experienced long term disadvantage, then there's also the InpUTS scheme. When should you just Google UTS and InpUTS, and you can apply and you can get up to 10 extra bonus points to add to your ATAR to combine to create your selection rank. So check out the InpUTS scheme. And quite often, you'll need some additional evidence from your school and other places but it's really great to apply down this pathway and those students also get additional support here at UTS, when they come into campus, so they have a network and a buddy system as well, to help themselves feel supported.
Now we had a question about pathways. And there's lots of different pathways into UTS. When I look at my current cohort, I teach a third year subject that has about 250 students in it. We have some of them that came in through the ATAR from Year 12. But there are students who came through UTS College, which is a private college owned by UTS. If you do one of their diplomas, and you achieve the minimum marks, you'll be able to go straight into second year at UTS. We also have lots of people with TAFE diplomas. And so the question here was someone studied at a college and they've done a subject as well as a diploma program. And they've been doing a diploma in Marketing and Communications. But whether that would be an option to consider whether that specific diploma would allow you to get into UTS? That's a really great question. And for that one, I would actually recommend contacting UTS directly. So you go to business@uts.edu.au; sending them an email with details of the program of the diploma that you've done, because we do accept TAFE diplomas. We also accept diplomas from other educational institutions as ways or pathways into UTS. And typically that's, you know, you've done your HSC and you might go off and do a diploma. But if you've done one through your HSC, contact the business@uts email address business@uts.edu.au. And they'll be able to help you figure that out.
All right, so what are our different course options, we have a Bachelor of Business, which is the one that Jasmine's studying with her Creative Intelligence and Innovation. And so this is a broad based business degree where you study all of the major disciplines.
And then you get to choose a specialization or a major in one of those. And then eight other subjects, which you can do in a combination of a second major, sub-majors, sub-majors and electives, or electives. So there's the most flexibility here in the Bachelor of Business, if you know you want to go into business, but you're unsure of exactly what type of business you're interested in.
For those people who might have very specific vision already for their careers, the Bachelor of Management is aimed at students who definitely want careers in experience industries. So when I say experience industries, that's things like Events, Sport Management, Creative Enterprises. So there's some very specific information for the Bachelor of Management and check out the other Bachelor of Management sessions today, to find out more about what's in their specific programs.
They do a core, which is different from the Bachelor of Business core, it's all about experience innovations, and being digitally creative. They have a major, and then again, they have another eight subjects for a major, two sub-majors, sub-major and electives or elective combination. So again, there are lots of flexibility for students who know that they want to go in wander into one of these experience type of industries after graduation.
Now, I loved High School economics and the Bachelor of Economics is a relatively new degree. It's, it's only a few years old, but really, really popular for those who love economics and think I'd love to go into economics, either in a public service role with the RBA, with a government agency, or into the private sector. We have Bachelor of Economics graduates working in economics departments at banks, and major financial institutions.
So you get a broad understanding of business. But with that focus on economics.
That focus on economics plays out in terms of 11 core subjects in economics. So then they have some economics electives, and business electives, as well as the options of a second major. So if you're heavily into economics, this one is definitely for you. And it's relatively new, but really, really popular and does a lot of the things that you might do in a Bachelor of Business in Economics, but even more specialization.
Now, for those people who are really keen on being Accountants hello to those people, that was me, when I was coming into Year 12. We also have the Bachelor of Accounting program, and this is a scholarship program.
So there's no ATAR entry into this one. But these are people who know they want to build an accounting career in business, they want to be a Chief Financial Officer, or a financial controller as their career goal. It has nine core subjects, you must do the accounting major. And then you have options around majors, other majors and sub-majors. Plus, you do six months of professional internships. Now with the Bachelor of Accounting as well, they study and work pretty much all year round, they don't get a summer break, because they're usually doing other subjects. They cram essentially a four year degree into a three year period. And there's only 35 students in this. Now, if you're still keen on studying Accounting, but you don't make it into the Bachelor of Accounting, we have lots and lots of students who do the Accounting major within the Bachelor of Business as well.
Now then we have combined degrees, there's a huge range of combined degrees, you can check them all out on the UTS website. But Jasmine, you're doing the BCII combined degree. What exactly is this Creative Intelligence and Innovation thing? What does that actually mean in terms of studying that as a separate degree?
Jasmine - UTS Business School Student 14:26
That's definitely a mouthful of words. And it can be a little bit confusing, but essentially, Creative Intelligence and Innovation really teaches entrepreneurship and innovation kind of in a degree, which sounds like a really weird thing. But to give you an example, a lot of the work we do is based on client briefs. So a company will come to UTS; to the BCII, which is what we nicknamed Creative Intelligence and Innovation. They'll come to the BCII faculty and they'll pitch them a brief and I'll ask the students to solve whatever business problem they're having. And we will pitch it back to them as part of our assignments. It's very hands on and it's all about thinking about new ways of doing things, and coming up with innovations and starting up new businesses, which is a lot of what we learn.
Dr Amanda White 15:11
And the BCII also is multi, it's transdisciplinary. So the students can't do Creative Intelligence and Innovation on their own as a degree, they have to study it with something else. So in Jasmine's cohort, there'll be students from communications, nursing, science, IT, engineering, business, design and architecture. And so you get this really rich transdisciplinary approach to study. So we have lots and lots of combined degrees. And a lot of students also start in a combined degree and then realize after you're like, oh, maybe I don't like my combined degree. And you can also transfer into the single part of one of your degrees as well if you decide that a combined degree is not for you.
So there's lots of different permutations and combinations when it comes to combine degrees, depending on what the combination is. Most common is the three plus two combined degree programs. There are a few four year combined degree programs in some of the four year combined degree programs, instead of getting two majors in business, you might only get one so that you're not at university forever.
So what about internships? Internships are a really important way to get practical experience in your program. So that when you go to find a graduate job, you can say, hey, I've actually had some experience in this particular industry. And it helps you understand whether this is the right job for you.
And so a lot of students will do an internship and go, Oh, I thought I'd really like x; it's not what I thought it would be, I need to shift my career focus. So internships help you get work ready, increase your employability, and at UTS, you can actually do internships in most of our programs as an elective subject.
So you find an internship, you go to your internship, and there's a subject around it. But students often do internships also in the summer break. So those would be separate but UTS has virtual internship fairs, and lots of ways in which you can get an internship to add that experience component. So that's a thing a lot of graduate students say; oh, gosh, okay, I'm looking for a job, they say we want some with someone with experience, an internship is a great way to get some of that experience. And you can do that across all of your business programs.
So what about international opportunities? Right now, we can't go anywhere, because we're all locked down. But for students starting now, who maybe are thinking of a couple of years in advance, a lot of students will use four electives in their subjects, or in their programs to spend a year, a semester sorry, overseas or doing an exchange program with an international opportunity. There are short term international opportunities as well, with things like BUiLD, which is usually short six week activities. And for students who really want to immerse themselves in another culture International Studies combined degrees means you spend a whole year overseas.
Now there's also some scholarships available for academic excellence. There's a $30,000 scholarship for the top ATAR student in our programs, the Bachelor of Accounting has its own special scholarships, and there are equity scholarships as well. So for students who come from disadvantaged backgrounds, definitely check out the Scholarships page. In some years, we've had some scholarships go unawarded because nobody applied. So have a look through the scholarships and see what might be available to you.
Now Jas, what would be your top tip for students who are trying to figure out where am I going to study? And what top tip would you have for them for studying with us at UTS?
Jasmine - UTS Business School Student 18:48
Um, that's a tough question. But I think the advice that I would give is something that my mum told me when I was choosing, and it was "follow your heart, but take your head with you". So when you're choosing your degree, think about what you're going to enjoy, what you're good at and what you think you might like to do. I know it's really hard. When you're like in Year 12, especially in times like these where everything's so uncertain, it's really hard to know what you want to do. And by all means, you don't have to know by now I completely did not know when I was in year 12. But when you're making your decision, just think about what's something that you would enjoy if you had to start a degree tomorrow. And what's something you think you're good at? And if that; whatever it is, maybe it's business at UTS, wherever it is. My top tip is definitely just when you're making your decision, follow your heart but take your head with you.
Dr Amanda White 19:40
Hmm, that's a great tip. I really love that saying there. And I know students will often feel a lot of parental pressure to go into a particular degree. Remember, this is you're setting you up for your career. So this is not what you're interested in. You know, think about that really carefully, but it's also never too late to change. I've had students change degrees after a couple of years and switch into something else they really love
Now for more information, obviously, you can download our undergraduate business guide, I will get Erica to put that link in the chat. While I quickly answer one last question that has come up what happens if you don't want to get if you don't get the ATAR, but you still want to go into business. Um back on the earlier pathways access; things like UTS College are a great way to study at a UTS affiliated institution, complete the 18 month diploma there, and you'll be able to come straight into the Bachelor of Business. Another really popular option is to do a Diploma or an Advanced Diploma at TAFE. in accounting, for example, and then those students will come in with mostly credits for their first year. And then they'll be able to come into second year of the Bachelor of Business. So there's lots of different pathways. Another one is also you might consider studying at another institution. So we have lots of students that might study at Western Sydney, Charles Sturt, University of New England, and then after one year, and you know, they've worked really hard, got really great scores there. They apply through UAC, to come into UTS, and they'll come in in their second year of the program.
I want to thank everybody for today. We hope you have a really great day trying to find out more you can stay connected with us on Instagram, Facebook, and contact us directly by phone or via email if you have any questions.
So thank you very much everybody for coming. And for those people who are on Instagram and want to find out more about Accounting, I've put my Instagram details down there as well (@amandalovestoaudit). I talk a lot about what we're doing here at UTS and tips for students on my Instagram. So we look forward hopefully to welcoming you to UTS really soon.
Year 10 subject selection information session
Dr Amanda White
Good evening, everyone. And thank you for joining us for today's webinar where we're going to be speaking about Year 10 Subject Selection in preparation for the HSC. So, welcome to all of those students, year 10 students who are here, any parents or carers, anyone who provides career advice; we're really glad to have you along today. My name is Dr. Amanda White, I'm going to be one of your hosts and presenters for this evening. We're going to try and demystify some of the acronyms that you might have heard when it comes to making subject selections, and applying for university. We're going to talk, we have Wendy coming along from UAC to talk about HSC subjects selection, we're going to talk about your options of studying business and everything that we offer at our undergraduate level at UTS. We're going to hear from James who is going to be one of our students and he's going to tell us about his experiences, and then open Q and A.
So first up, let's decrypt some of the language that comes with understanding and going for the HSC. The first one is ATAR - the Australian Tertiary Admissions Rank, you'll hear lots of Year 12 students, as they finished talking about their ATAR it is some number between zero and 99.95 that indicates your rank compared to all other students in your age group. Now added on so you've got your ATAR, which is prepared, the selection rank is your ATAR plus any adjustment points. So adjustment points, or adjustment factors used to be called bonus points or bonus schemes, but they're extra points you can get by studying certain subjects and getting high scores in those particular subjects. Your ATAR plus your adjustment points is your selection rank. And that's the number that we use when we're looking at supply and demand for university places. So UTS will consider your application based on your selection rank, which is your ATAR plus those adjustment factors. There's also a number of different admission schemes. So as well as just applying based on your selection rank, we have schemes for students that come from a wide range of backgrounds. So if you've had hardship, or other factors, or circumstances affecting your study, we also have different schemes for entry, including those for students who might be on refugee visas at the time. And the last one we're going to talk about is majors, that's often a thing students ask. What can I major in? Majoring is a specialisation at university and when you come to university, you pick a degree we'll talk about all the different options, and you'll have a specialisation.
So if you're thinking about studying business, business is called a lot of different things at a lot of different universities. We have been a business school ever since our inception, but you might also hear the word commerce faculties, Sydney University, has a business school. So business commerce, it's exactly the same thing.
So what are your options at UTS, we have a number of different degrees, the largest one is the Bachelor of Business, we take in probably about 2000 students in that program every single year, which is a broad business degree that allows you to prepare for a majority of careers in business. Within Management, we have the Bachelor of Management; the Bachelor of Management for a couple of different specialisations: Digital Creative Enterprises, which is around experiences, and digital experiences; Events, which is around Event Management from small events right up to large events like the Olympics, and then the Bachelor of Management with a Sports Business specialisation. So if you're interested in combining a love of sport, and a love of business, perhaps wanting to manage a sports team, or get involved into that financial side as a sports agent, lots of opportunities in the Bachelor of Management. We also have a Bachelor of Economics, there's been a massive increase in demand for skills in economics over the last five to 10 years. So we've seen a great growth in the Bachelor of Economics so that's people who know that they definitely want a career in economics. And then finally, we have our Bachelor of Accounting, which is our accounting program. So we're going to hand over to Wendy and she's going to tell us all about the intricacies of the Universities Admissions Centre (UAC).
Wendy Fisher - UAC
So today we'll talk about UAC and subject selections for all Year 10 students you're about to pick make a very important decision about choosing the courses that you're going to study over the next two years to complete your first qualification, which is your HSC.
So firstly, I just want to tell you what you UAC is, it stands for Universities Admissions Centre and we process applications to 28 different universities and institutions within NSW and the ACT. We also look after three access schemes, which you'll learn more about when you're in year 11 and year 12. Importantly, though, we calculate the ATAR for all New South Wales students.
Okay, so, um, so let's learn a bit about the ATAR. Okay, so as you're about to head towards completing your first qualification, it's good to know the difference between your HSC and the ATAR. They're both measures of achievement. But at the end of year 12, they'll be reporting to you two different things. Your HSC is going to tell you how you performed in all your different HSC causes against NESA standards. And your ATAR is just going to report to your position and it's going to tell you where you're positioned in your cohort. So just keep that in mind they're different measures of achievement, but they're reporting to you in two different ways. So when we're talking to students about this, we get you to imagine the HSC is a race. So if the HSC was a race, your HSC results would represent your finishing time in the race and your ATAR would represent your finishing place. So if you want to train for a race, you'd work really hard every day to get that best time. So that's the only thing you can control; your time, you can't control where you're going to place. So it's a bit like that by the HSC except training is working on your assessments, doing well in your exams, improving results in all your different subjects, because that's the only thing you can control. And that's going to allow you to get your best ATAR.
So just remember, you can control your own performance, don't worry about the ATAR;, you are preparing yourself with the work you do over the next two years to take on that next level of tertiary study because it's at a higher level. So that's what you're preparing for.
Okay, so for the HSC NESA requires you to do 12 units in Year 11. That's the requirement to get your first qualification; the HSC. But you can drop down to 10 units when you're in Year 12. If you're going to do that speak to your school for advice. But for an ATAR, we need 10 units of board develop courses, we always use two units of English followed by eight units of Category A courses and we'll need four subjects as well.
So what is the ATAR? It stands for Australian Tertiary Admissions Rank. And that's what it is, it's a rank. It's not a mark or a score. It's telling you where you're positioned in your cohort. And it's the number between zero and 99.95 and the sole purpose of the ATAR is so universities can rank and select students for their courses, in particular, their competitive courses. Now in saying that there's many universities that will look at your ATAR, and they may require some other criteria, personal statement, motivation portfolio. And also, many universities offer early entry schemes where they'll have access to your year 11 results. So work hard in Year 11 and there may be something else that you'll need to provide. And that's what they might base their offers on.
Okay, so for the ATAR calculation, I said before, we need 10 units of courses, we always take your best two units of English first, and then we'll take eight units from your remaining units. So if you've only got 10 units, we're going to use all 10 units, but say you've got an extension maths course and you have 11 units. If that one unit was one of your best, we would use that. And then we take one unit from one of your other courses. We always maximize your ATAR for you.
Okay, so scaling. Everyone worries about scaling, but you shouldn't worry about scaling. We only scale because there's so many different combinations of HSC courses completed by Year 12 students. And if everyone did the same HSC course, we wouldn't need to scale because we could compare your results in all those same courses and rank you from highest to lowest. But you don't do the same courses. I think last year, there was more than 25,000 combinations. So in order for us to compare everyone properly and fairly, we create this level playing field. And that's all scaling does. And the reason we have this and it's so important for Year 10 students; is because we don't want any student to be advantaged or disadvantaged by their subject choice; because you should be all taking courses that you enjoy, have a natural aptitude ability in, and importantly, which is going to set you up for the university studies ahead.
Okay, so just a quick scaling truth. Please don't choose courses because you think you're going to have a scaling advantage or disadvantage. It doesn't work like that. When you hear about courses that have a high scaled mean or low scaled mean it just means that it's reporting on the strength of the competition within a course. So of course, it has a high scaled mean, lots of academic students are getting high results in that and the low scaled mean, it's just a variety of academic abilities of students doing that course. It doesn't matter the course. To get an above-average ATAR you need to be getting above-average marks in all your courses. So course is irrelevant you just need to be doing well. Remember, you're preparing yourself for university studies.
I'll quickly go over this, but you're going to hear about Fred and Laura's story over the next few years, your careers advisors will probably talk about it. But we have two students just so you can see the relationship between performance denature see results, and ATAR being position. And if you have a look, here you can see Fred and Laura, they do the same HSC courses. Fred gets marks of 70 for everything, Laura works a bit harder gets marks of 80. But their ATAR or position is dramatically different. It's like a 20 point difference.
So I'll just go through one, if you have a look at Fred's mark of Biology, he's performance of 70. ATAR is about position. That performance placed in him in the 37th percentile of students. So it's telling us that 63% of students got a higher mark than Fred in Biology last year. Now Laura; 10 extra little marks, that performance really bolstered her position; ATAR all about position, she's in the 72nd percentile, so only 28% of students got a higher mark. Now, the median mark for that course last year was 74. Fred and Laura; they're positioned either side of that. Now if you're looking at those median marks and thinking why they're high, that's because the majority of HSC students get marks for all their courses between 50 and 100, HSC marks that is. So a median mark always hovers around 75, sometimes in the low 80s. And you can see that with English Advanced. So to get a high ATAR, you need to be getting above-average HSC marks, above-average, those median marks. Now, overall, Fred's percentiles, all of those positions based on that performance of 70 pushed him in the bottom 50% of students. And for Laura, her performance of 80 placed her mostly in the top 50 percent. This is reflected in their ATAR, the median ATAR was 70.4. Fred falling in the bottom 50%. He's on the lower side of that median, and Laura mostly performing in the top, she's on the higher side of that median. Remember, ATAR comprises a 50% assessment, 50% HSC exams average sent to UAC, that's what we put through our academic model. So work hard on your assessments, and it's never too late, you can work hard before your HSC as well.
Okay, subject selection. So these important decisions you have to make, these are our top tips. So you really need to be thinking about your goals, what future career you'd like to have. You're doing that now you're doing some research by listening to this fantastic webinar with UTS. So think about you know what degree you might need to do to achieve your goals. And if you don't have any idea, because you're only in Year 10, um think about; what are the different degrees on offer and think about what might interest you.
For subject selection, it's important to consider your abilities and interests. So what are we good at? What are you enjoying already, and ask for feedback from your teachers? What courses or subjects are you getting your best results in? Because you know, you're going to succeed if you're doing something over the next few years that you enjoy.
Okay, importantly, see if the course has any prerequisites. Not many courses have prerequisites, which is a must-have course that you must have studied in year 11 and year 12 to be considered. Ah usually if a university does have a prerequisite for a degree, it's an academically challenging course. But importantly, check on the university websites, you'll get a Year 10 Guide from us, check to see what the universities suggest you study in year 11 and 12. So they call it assumed knowledge, which is something that the universities are going to assume you've done in year 11 and 12, and start teaching from that level. So an example would be engineering, the university will assume you've done maths advanced because they're gonna start teaching you from that level and above at first year of university. And recommended is something very relevant so take those, you know, advice into consideration when you're thinking about your subject choices. And lastly, be prepared to study hard and be happy with your choices. Enjoy the next two years, know that you're building up that academic muscle to take on that next level at university. And also, you know, remember your ATAR will not define your future success at university or your career. It's a starting point and really do your research about the different courses.
Dr Amanda White
Fantastic! To reiterate what what Wendy has mentioned, it's a rank and not a mark and choose courses that you're good at. Explore all your options. This is what the next couple of years of Open Days and talking with careers counsellors and going to different events is all about. And you know, the ATAR isn't like a gift card where you have to spend it all. That's the other thing that I would add onto there.
All right, you can make sure that you stay connected with the UAC, through their website, on Facebook, their Instagram and their YouTube channel as well.
So I'm going to talk about our options at business schools. And there's a great question here, it says, Do we need any units of science if we need to do a business course at UTS? Absolutely not. So if you're interested in doing business, you don't need to worry about doing science to come into any of our business courses. Another thing that's a big myth is that, you know, I teach accounting is accounting, a lot of maths? Mathematics is not a prerequisite for any of our courses in business at UTS.
Some courses that are, are more math-heavy, like finance, and like economics, it is advised that you do some maths in the HSC. But it's not a prerequisite in any way, shape, or form. And lots of students who don't have that prerequisite knowledge will go on to do free courses through our Maths and Science Study Centre in algebra, and introduction to calculus to allow them to really get the hang of those fundamentals that they might need for advanced finance, and advanced economics. It's actually quite a big myth that accounting also uses a lot of mathematics, I just use my phone as the calculator for most of our accounting problems. So you don't need to worry about a maths prerequisite, you don't need to worry about a science prerequisite either. Now, of course, if you are thinking about a double degree, especially in engineering, or it, then maths or science might be appropriate.
There's a great question here about bridging courses, you can take your bridging course before University starts, or you can do it simultaneously, as well. So there's a couple of different ways to manage the bridging courses at UTS. And in early days, when you get to your first subjects that are really heavy and a bit heavier in mathematics, what will happen is that there will be a diagnostic test that you'll be able to take, it doesn't affect whether you can still enrol in the subject or not, it's for your own information. And if it perhaps you're a little bit low in some of those areas, they will recommend that you go for one of our free courses.
Now we have so many different programs available at UTS so just because you might have this idea that I'm interested in business or economics, maths, marketing, English, legal studies, sport, then a business degree is a really great option. Because there are so many different career pathways. A Bachelor of Business is our taster program where if you know you want a business career, but you're not sure which specific business career you're interested in, then the Bachelor of Business is the best place to be in your first year, you get to try a little bit of everything before choosing a major or a specialization later. And there's all sorts of different career pathways. Now, if you already have some information about where you want to go, then on our next slide hopefully is the Bachelor of Management, oh Bachelor of Economics sorry. If you know that you're definitely keen to become an economist or economics is where you want to be for your career and that could be an economist with somewhere like the Reserve Bank; one of my former students, Rachel is an economist at Deloitte Access Economics. so if you have that interest highly in economics, you want to get into that field then the Bachelor of Economics is where you want to be. Its 11 core subjects specializing in economics, then you get choice of other economic subjects, as well as perhaps branching out into some other areas with some electives. So if you're keen on economics, then a Bachelor of Economics.
If you're interested in events, design, marketing, sports, then the Bachelor of Management is where we need to go. Because there's all sorts of different options in the Bachelor of Management around events around digital creative enterprises, and digital marketing, and also around sport management and sport business. There's a range of different pathways there. So if you're unsure about something general Bachelor of Business.
If you're absolutely certain you want to be an accountant then if you're interested in business studies, mathematics, then the accounting pathway is through our scholarship program, which is the Bachelor of Accounting. The Bachelor of Accounting if you just search Bachelor of Accounting UTS is a almost $60,000 a year scholarship program that runs for three years that is about developing Australia's next big chief financial officers and accountants. So if you're keen to go into that particular area, then the Bachelor of Accounting.
There's a great question there about do we offer actuarial studies we don't actually offer Actuarial Studies at UTS unfortunately, you need to consider another university to go down the actuarial studies path.
And for those interested in banking, there was a question about maths extension and banking. If you start with your two-unit maths, that is a good place to start extension is better if you're interested in going into finance, because the mathematics in finance can get a little bit complicated. I'm not really great at mathematics, even though I'm an accountant. And an extension can be really helpful in those finance subjects.
Now, you might think, Oh, I'm interested in business, but I also really like science, or I'm interested in doing law, or I maybe want to be a doctor. So maybe I want to branch out and do medical science as well, you can combine our Bachelor of Business with a whole range of other areas. And you can see that list there, the Bachelor of Management does combined with some areas, and the Bachelor of Economics as well. But the greatest number of combinations come from the Bachelor of Business.
I just want to draw your attention quickly on that previous slide, to the Creative Intelligence and Innovation, double degree option, you might not have heard of a Creative Intelligence and Innovation program, it's a degree specifically focused on advanced problem solving and innovation. So Creative Intelligence, is really about using data to solve really tricky problems. So if you're interested in really great problem solving, and teamwork, and working in a transdisciplinary way, using lots, meeting lots of different people from different faculties, then that's a great major to think about.
Alright, okay. Now, if you're interested in languages, and you might think about, oh, maybe I might want to study overseas for a year, then an international studies, a combined degree can be a really great option, you'll get to learn a language and then spend a year studying that language in that language overseas. You can also do shorter programs with six-monthly global exchanges, or even six-week programs, through our different international opportunities. But there are a whole range of different languages that you can learn. And if you're not interested in learning a language, but you still want to spend some time overseas, then we can do that through our exchange program. Because there are a number of different universities in Europe, in South America, and in Asia, where they actually teach classes in English. So you don't actually need to know another language to be able to attend school there. So international languages are always an option.
So in terms of selection resources, UAC has a great subject compass, you can make your choices about careers, and it will tell you where ah what careers to go, what subjects might be useful. There's the ‘study, work grow’ website, we're not affiliated with them in any way. But they do have a great calculator to help you with subjects selection. And then UAC has some great subject selection worksheets.
Now, there was a question in the chat also Patricia's typing there, but is it common for students to do more than one degree? It's, we have quite a lot of double degree students, but we also have lots of single degree students as well. It just depends on what you're interested in doing with your university career, and how quickly you want to get out into the workforce as well.
Now, obviously, I'm going to tell you UTS is great, because I've worked here, I was an undergraduate student here, before you were all born, probably at the same time, maybe your parents were born. So I did my degree at UTS in the 90s. I chose a business degree because I wanted a well-rounded degree, I wanted industry experience. And then I went, I was working in a big four accounting firm. And then I came back to become an academic. But now I want to introduce James and James is one of our students. And he's one of our SPROUTS. So we have students who do lots of work talking to other people about their experiences at UTS. So James, how you doing today?
James - UTS Business School
Hi Amanda, I'm really excited to be here.
Dr Amanda White
Excellent. Excellent. So tell us a bit about what you're studying at UTS.
James - UTS Business School
So at the moment, I'm in my third year of studying a Bachelor of Business, which is the most popular degree at UTS for business, as Amanda's mentioned. So I'm currently completing a major in marketing and I'm doing a sub-major in finance as well as management.
Dr Amanda White
So a maths question there, now that you're doing the finance major, how much maths did you do in high school?
James - UTS Business School
So I did a standard level of mathematics. I chose to do standard mathematics. And I found the transition to university mathematics, not too hard. Obviously, there's going to be at times you're going to need to refresh and kind of look back at what you've done. But at UTS what's been great about the mathematics is that they teach you so if you're not sure of something, they go through a deep dive of each subject, I guess.
Dr Amanda White
Perfect. And when you were in year 10, and you were trying to think about what subjects How did you pick which subjects for your HSC.
James - UTS Business School
So what I chose to do was I selected subjects that I was passionate about subjects that I had a genuine interest in. I was lucky or not lucky, but I didn't have a parent telling me you need to read this, or you need to read that. I am someone that's always had a wide range of interests in different areas. So it was great that the HSC was able to accommodate that for me. Additionally, I was privileged at my, at my high school that I was offered a large pool of subjects to select from. So therefore, I was able to decide and select subjects that echoed my interests, essentially.
Dr Amanda White
Fantatsic. And who did you talk to you? Did you talk to like, what did you chat with your parents or teachers in trying to make those choices?
James - UTS Business School
Yeah, so I was fortunate to have a plethora of resources. So I had conversations with my career's counsellor, who provided a lot of information about subjects that may lead to different degrees or subjects that kind of have a good fit. There was also information nights at my school. So if, if I can reminisce for a moment, remembering at the end of year 10, walking into a large hall full of teachers trying to, you know, inform everyone about their subjects. And I remember feeling quite confronted about it, which can be a daunting experience, especially if you're in year 10. But that was very helpful, because your teachers are your best people to talk to. What I'm going to kind of re-emphasize tonight is that, you know, pick their brains, ask them questions. They're the they're the experts in their field. So they are definitely a resource that you can lean on for sure.
Dr Amanda White
Fantastic. Did you come to any open days? Or check out other unis while you were trying to make the your choices?
James - UTS Business School
Yeah, um, so I was actually started very early, I actually went to Open Days at UTS since I was, or since year nine, essentially,
Dr Amanda White
I probably talked to you at one of those at some point
James - UTS Business School
You definitely have. So after university, I plan to go into the marketing field. I'll explain a little bit later about what I've been doing recently, in terms of internships, and opportunities, but I want to go into the marketing field, potentially product marketing or digital marketing space. And I also enjoy the idea of being a management consultant as well.
Dr Amanda White
Did you know you wanted to do marketing when you came to uni straightaway?
James - UTS Business School
So yeah, that was; I've always had a passion for marketing, essentially, from a young age. When I was in Year 10 actually, I was a bit of an entrepreneur. I still am a photographer. So I used my passion; I developed a passion for marketing, since Year 10. And then, the opportunity to explore that further University was something that was attractive to me. And yeah, I've still got that burning passion for it.
Dr Amanda White
That's awesome. Thanks, James, for sharing some of your experiences. I teach 1,600 first-year students, and we've just had them write reflections about where they want their career to go. And it's actually really common as well, for probably about a third of our students come into their business degree, unsure of where they want to go. And so they're just trying everything so that they can find that one thing that clicks. So fantastic. Thanks very much, James.
James - UTS Business School
No worries. We're gonna go to the next slide, please.
Dr Amanda White
There's one other slide. Yes. Awesome.
James - UTS Business School
So the first thing what I wanted to mention was consider your options. So the subjects you study for your HSC should be relevant to your interests, and should respond to any prerequisites or, assumed knowledge that is required. So as Amanda has already mentioned, there are no prerequisites for UTS degrees. So what I want to really emphasize is that there are lots of resources out there. You know, you can speak to your business teacher, you can speak to your English teacher, they can give you advice on different pathways. I know when I went to school, the library was the goldmine of information about universities, so there'll be lots of pamphlets there as well. So that is definitely something to look out for. The second point is that to study what you love. So choose subjects that you actually care about, and that you're good at. And this will likely increase your chances of success and potentially bump up your ATAR. So if you, if you do subjects that you're going to enjoy, it's going to make your last two years a lot more enjoyable. I feel like in my times that adversity, if I hadn't quite received the mark that I wanted to, because I was doing subjects that I enjoyed, I was able to keep going and keep pushing up. And then the third thing that I wanted to mention was to think ahead. So 50% of jobs in 2030 don't exist yet. And a great you need degree will definitely prepare you for the opportunities. So it's it's a very exciting time to be in Year 10. You have things like the metaverse being developed right now, a lot of technology being created, and there's definitely a lot of opportunity going into the future. Back to you Amanda.
Dr Amanda White
Common tips for doing well in year 11. Patricia's answering that one. And there's a question about early offers based on your 12 results or your 11 results. We don't have any information yet about our early offer program. But that will be coming out in the next I'm not sure when it's going to be coming out. But what I would suggest is make sure that you follow UTS on social media because when the UTS, especially the UTS Business School, when the UTS Business School has that information, we will be sharing it on our socials. So you can hopefully catch that information there.
All right so; the other thing to think about is Open Day, which is coming up on the 27th of August, where you can come and check out the campus (hopefully) I hope that open day will be live, so you can come and visit us; find out and talk to academics as well as students from a whole range of different areas across the university, check out our double degree programs as well as our single degree programs as well.
So of course, now we have time for q&a. So if you have any questions, now's the time to add them into the q&a. While we're waiting for any questions to come through, I might also talk to you a little bit about our business programs at UTS. So UTS has always been highly regarded as an industry committed University and more than 20 years ago, many more than 20 years ago when I chose UTS in the 90s. That was because it was a well-connected, industry-focused university. And that continues to this day. I teach first-year accounting. Most of my tutors come from industry. They are accountants, and they're working in accounting in real life every day. And they have a passion also for supporting students and education. So there is definitely a real great industry connection with UTS.
Q - Is their work placements for the events course, I'll answer that one live. So in your Bachelor of Management program, as well as in your Bachelor of Business, and a Bachelor of Economics, there are opportunities to take or go on internships for credit as part of your subject. When it comes to those internships, students are given support to find their own internship. You don't have to do one but of course, having an internship is a great way to test out your potential future career get you some experience. And a lot of students who do internships then go on to work maybe part-time at that company while they're completing their degree. So there are quite a lot of internships.
Q - Are there holiday programs to attend or any work experience opportunities in regards to holiday programs in accounting, finance, marketing, a lot of our business disciplines, they will take a summer interns, so that will be a summer work experience program. And we say to students, you study in the autumn session and the spring session, and the summer session is for you to go out and get that experience. We have careers fairs and a number of different careers activities to advertise or different firms that are offering work experience or internship opportunities. Sometimes they're called vacation jobs. And lots of our students go on those and apply through the different avenues available at UTS.
Q - For those who want to study accounting is a great question. We want to study accounting, do we need to study mathematics advanced? I would say no. So in accounting, it's really about problem-solving. It's about connecting with people. It's about communication. And the most advanced accounting and mathematics we might do is maybe a little bit of algebra, and maybe some regression analysis which you'll learn in your first year Business Statistics program, but just standard mathematics is fine. As I mentioned, I use my phone 99% of the time as a calculator. And then sometimes we might get into Excel. So it's not necessarily that you need lots of Maths. But if you've had some Excel experience that will come in very handy when it comes to university.
Q - Okay, there was a question about advanced maths, I would recommend doing advanced maths if you love maths, if maths is something you really enjoy doing. And my husband and my son ah, just love, love, love mathematics. They love logic, they love mathematical problem-solving. And so for them advanced maths, you know, is a no brainer, but it's just up to you and what you're passionate about. Because remember, you have to study these subjects, you have to work hard at it. So if you enjoy advanced maths, then definitely go for it.
Q - All right, another good one. How transferable are the skills of business bachelors to another course science. And this is where it becomes really interesting. Because if you think oh, my business, I might do science, you become really passionate about science and you want to go into, you know, a research program or you want to manage a lab, or you want to lead a scientific team, then you're going to need to have business skills, no matter which other degree engineering it journalism, movie production, animation, you're going to need to know about business, because your role will involve interacting, or managing money or creating budgets in some way, shape, or form. So they're really quite complementary skills, in terms of the things that you learn in business about managing business, reading, financial information, understanding marketing, for example, that can be really important if you're trying to fund a scientific study, prepare that budget, pitch for an engineering job. So they can all be quite important.
Q - What if what if you have a bad careers advisor, or you don't even have one? Well, I certainly recommend coming along to any of the university open days that we have, because we can provide you with lots of career advice as well. The other option is to talk to a teacher that you might know. But you UAC has lots of resources. And so do a lot of career advice websites that are out there; that your school might have access to; definitely check out those.
Q - And very last question for tonight. What's the difference between studying accounting in a Bachelor of Business or studying the Bachelor of Accounting, it is exactly the same degree. But the Bachelor of Accounting students get their $60,000 scholarship. Plus they get a built-in internship experience with the program sponsors. The sponsors are the ones whose front up the $60,000 as well for their scholarship over the three years. That's the only difference they study exactly the same subjects, you can still get internship experience in the Bachelor of Business majoring in Accounting, through going on summer internships as well.
Q - Oh, one last one. This is my very last question. Does your ATAR matter after certain amount of years, once you've been away from high school for a couple of years, you'll take a mature age entry through UAC. And that will involve partly providing those ATAR results but also providing, you know a statement about where you've been what you've been doing over that period of time, to be able to have an entrance into university. Best to contact us at business@uts.edu.au and they can provide you with some more advice. A lot of students sometimes will go to TAFE, and maybe do a TAFE qualification before transferring and applying to UTS through UAC.
Thank you everyone for taking that time out to connect with us and find out more for those people who want to also connect with us on social media you can find us on Facebook, and on Instagram, @UTS_Business, there is our email address. If anybody ever needs to get in touch with me, you can do that on Instagram as well. I've put my instagram handle down there (@amandalovestoaudit). I talk a lot about accounting, business news, supporting our students at UTS so if you're interested to reach out directly to an academic, you can contact business@uts.edu.au they will often funnel that to me or you can reach out to us directly.
So I want to thank everybody for coming along tonight. I want to thank Wendy from UAC; I know that we had some technical problems there but you can find out lots of information about us at the UAC website. I want to thank James for sharing his experiences as well. For Patricia for actually being there also furiously typing in the chat. We hope to welcome you at Open Day (I should be at Open Day this year so if you come along, come and say hi and hey look Amanda I saw you at Year 10 selection information evening, come up and say hi and we can chat more about your options in Business at UTS.
We hope you have a great evening and we'll chat to you all soon.
Parents and carers info session
Dr Amanda White
Good evening, and good afternoon, everybody. My name is Dr. Amanda White, and I'm going to be your emcee for our Parents and Carers Information Session. I am a Senior Lecturer in the Accounting Discipline at UTS. I'm also the Deputy Head Education in Accounting, and I've been an academic and also an alumni of UTS, as well as having some practical accounting experience from the public accounting big 4 industry. So today we'll be talking about some key things you can think about in terms of supporting your young person when it comes to coming to UTS. And we're really excited to have everybody here today.
So first off, we always start with our Acknowledgement of Country, the UTS Business School respectfully acknowledges that we're on the land of the Gadigal people of the Eora nation. The Gadigal people have cared for their community land and waters for 1000's of generations based on their deep knowledge of their country. We pay our respects to their ancestors, their elders, and acknowledge their ongoing status as the first peoples of this land. And I would like to acknowledge the Dharug people. I'm coming from Dharug country today here in North Western Sydney.
So who are we, my name is Amanda. I am the Deputy Head Education for the Accounting Discipline Group. I've been teaching accounting here at UTS for almost two decades now. And I'm involved in a whole range of initiatives to help support people in their education. We also have Dr. James Wakefield, and Dr. Simone Faulkner. They are both very experienced first year subject coordinators, and also our First and Further Year Experience Coordinators in the Business School. UTS prides itself on our ability to help people transition from wherever they are before UTS, whether that is high school, they've had a gap year, they've been at a VET related vocational college or somewhere else. We really pride ourselves on helping people transition to UTS. And we take a whole of university approach with university-based initiatives, as well as faculty and subject specific initiatives. So James and Simone their work is integral integral to our first year programs to make sure that everybody feels welcome. And they have all the tools that they need to succeed here at UTS.
So what are we going to be covering tonight, we're going to be talking about HSC support. And for those people whose young person already has an early offer for UTS, congratulations to those families and groups, but we'll be talking about how you can support them through the HSC. What we do to support students to transition to university, how our students remain safe on campus and what we do to ensure that safety, how you can support your young person at university, and then also some open Q and A. So thank you, everybody. And for some of the questions, we will have some answers typed, but for some of them, we will be answering them live. For example, one of the questions of about early entry for the Bachelor of Communication, one of our marketing and comms teams will get onto that one, or I will get onto that one, we have some of the presentations. early entry offers are already out. And we hope that everybody who applied for one has received a response. So now I'm going to pass over to James and James is going to talk about HSC support.
Dr James Wakefield
So after I've had a chat about HSC support, I'm going to talk about making the transition to university and give you some advice in terms of making decisions as your kids make, you know, move forward to the university experience. Okay, so I'm just going to start off with some general advice. Obviously, the HSC process is a two year process, you know, year 11 to 12. It is a lengthy process, it's a marathon. It's really the end of 13 years of study through primary to high school. And a lot of what has already been studied has prepared you know, your son, your daughter, the child you're giving care to up until this point, right. So really, this is the end of the marathon. It's about consolidation now, addressing any gaps or anything that they want to revise in more detail as they move towards the final exams. And a lot of you know the assessments they have done this year, obviously count towards their final mark anyway.
Dr Amanda White
So what's important here and this is advice that I give my students as well that I teach at UTS. So this year, I've been coordinating the first year accounting subject is a balance of finances. eyes are very important, okay? It is very easy to, you know, study all the time, particularly during lockdown, when you know, you've been told to stay home don't go out. And so I would encourage you not to encourage your son, your daughter, to stay at home, stick to the books, you know, 16 hours a day, as researchers, we know the value of taking a break, going out and doing something else. We come back to things with different perspectives, things that we couldn't work out before, we then can work out. So certainly sticking to the books or the computer studying the material for many, many hours a day or you know, 16 hours a day, or 10 hours or 12 hours, it's probably not the best thing at this point. As I said, it's sort of the end of the marathon anyway. So it's now time for consolidation, and making sure that balance is there, not, you know, burning out moving towards the exams. So support, encouragement is the key thing. Pressure is not right, the HSC experience, a lot of students are already very stressed about it so pressure and to get higher marks really just compounds that. You know, I'm sure your daughter or your son understand the importance of, you know, the exams and where they're moving forward. So that's not really necessary.
Dr James Wakefield
In terms of peer networking, I mean, this is one of the key supports in study, whether it's at high school or university, having that peer network and keeping in touch with their friends is important part of studying, understanding things, understanding things in different ways, as well as generally making sure that you're well, and that you have your support of your your friends, right. And so that's something to be encouraged. And this generation is probably one of the most connected out of any generation that came before us. You know, there's so many different ways that can connect. Social media is, you know, a driver of that to a very large extent. And that's, that's great to encourage those connections, and that networking, and keeping in touch. But of course, social media is also sort of a double edged sword. I've done research in this area, I've surveyed students that have studied my subject here at UTS, we have about 2000 students a year study that subject and we looked at how they use social media and how that was related to this. I was able to use it communicate, using it excessively, is not so good. And in fact, we found that that students on average, used it more than two hours a day, which actually surprised me, I didn't expect they would use it that much. And we basically found that once you get sort of that level, once you using multiple hours a day, it is significantly related to lower student performance, you know, so we saw that students that used it three hours a day had about a 10%, lower mark, in the final exam for the subject I teach, versus those that don't use it. So that's also compounded if the student is struggling with the content and finding it challenging; social media can provide an outlet to escape. And so you know, be mindful of that. Keep an eye on your son, your daughter, and you know, make sure they're not spending too much time on social media, because it can bring down their results.
Dr Amanda White
Now in saying all that an important part of this process is thinking about what they're going to do next, right, so where they're going to go, what they're going to do with their marks their ATAR mark, to enter university. And so the key thing to start with here is the ATAR they get for their HSC is what it is right. You know, there's no going back. And that's not necessarily a bad thing. And this is something that I heard back in my high school days. The most common piece or the most frequent piece of advice my career advisor gave the cohort was don't repeat, right? And most students don't repeat the HSC and it's very obvious why that's the case when you come to university because you find a lot of pathways and options that are available that you weren't aware of before. Okay. So the ATAR is what it is, move forward with it, and encourage your kids to think about you know, what do they perform well in and what did they enjoy? Okay? You know, you might have perspectives on what you think is good, or, you know, a career that has great opportunities or something you might like to do or might have liked to have done. But that's not necessarily what's best for them. You know, Simone, Amanda and I have been to many Open Days over the years, and we've spoken to many parents, many caregivers, you know, many potential students. And sometimes we have, you know, you know, potential students that are dragged into the university by their parents, we can see the look on their face, they don't want to be at this particular part of information day. And that is not the way to go. Because Simone and I, who teach first year subjects at UTS, we see the implications of what that does when when the student turns up to class. And they're disengaged, and they're not interested. You know, and this is the start of a three year program. And employers place a lot of emphasis on, you know, what students achieved throughout their program, and what they, you know, do in addition to their program more broadly, so contributing to society, being part of parts of, you know, clubs and societies etc. And so if your daughter, your son is not interested in what they're doing, it's a bad start, okay. So if they don't want to do it, or they're not interested, don't push them down that pathway, he won't do them any favors, okay?
In saying that, as well, you know, don't base course, decisions on what others are doing. So you know, while someone else say, you know, a brother or a sister might have done well, or a cousin might have done well, in this particular career path, that doesn't necessarily mean again, it's for them.
Dr James Wakefield
Now, as I mentioned, cost flexibility is a big thing about university. Our program, our Bachelor of Business program, which is the most popular program we offer in the UTS Business School, has a lot of flexibility. So basically, we have eight core subjects, which are compulsory subjects, students complete in the first year, across accounting, management, finance, economics, marketing, and more. And then essentially, students then choose what major sub majors and electives they want to go into in their second and third year if they're doing it full time. And so that's just a simple example how selecting that one program opens up a range of possibilities, right? In saying that, if you know, someone is student enrolls in a course, and you know, it's not for them, then of course, they can transfer and their grades are taken into account in terms of what they've achieved in that course, in terms of where they're transferring to, right. So as I said, the ATAR is not the final deal in terms of what you're going to do and what degree you have to do. And what you have to finish, it is the starting point of, you know, the university study journey, basically, so, so keep that in mind. And, again, of course, it's important to work hard, but it's not, it's important to also not be so stressed and think, you know, this is the end of the world if I don't get the ATAR mark that I want because I you know, I've lost count of the number of friends and people I know that started courses, and then have gone off and done other things, you know, so, so with a music course, and ended up becoming, you know, a specialist doctor, you know, as they move through the university journey.
So when it comes to transitioning to university UTS has a lot of expertise in this area. So I'm just going to talk through this now, a few slides around transition to university. Basically what transition means, is successfully transitioning to a university experience from whatever path our students come from, and then successfully moving throughout our programs and then graduating from UTS. And this is inbuilt into all the different programs that we offer. So our core subjects are our first year compulsory subjects and our Bachelor of Business program in the UTS Business School are set up so students have the opportunity to meet and network with other students doing those courses. Hopefully, they'll also run into some people they met at the UTS welcomes an orientation, which is an important part of the UTS experience. And then moving throughout their experience we have a range of aspects that assist transition. So for example, UTS Careers is engaged throughout our courses from the first semester through to the last semester. So it's not just a matter of you know, when when your daughter or your son gets the last year study and starts thinking - What should I do now? What job should I apply for? It starts from day one of the university experience right. Thinking about what they want to do, what skills they need to develop, what experience that they want to seek out during their university studies? And so this is part of successfully transitioning through the program. We have a lot of focus on making sure students are engaged so interactive classes; so where we do have face to face classes, whether they're online or on campus, they are interactive classes, they're not the traditional, you know, university, big lecture hall classes, where someone stands up the front and someone you know, everyone listens for a couple of hours. We still have, you know, content released in a one way mode, but that's more online. So when students come to campus, they're engaging, they're getting involved in different activities and they're developing their belonging, which is an important part of the university experience.
So the Bachelor of Business program is the oldest running business program in Australia. So it was established in 1975 and obviously UTS is made up of a number of institutions that merged together in the late 80s. And so that has carried on that expertise has moved through time. But one of the things that we are very well known for at UTS is being professionally focused. So those job ready skills are really core to our programs and what we deliver and that's emphasized with careers engagement throughout our courses, so students have that focus, they are career ready and they can get engaged in thinking about their career options, and making the most of those opportunities as they move through their studies.
So the last thing that I'm going to talk about tonight, and if you have any questions as we move through this, please ask at any time happy to address them; is how do we support transition in more detail? Well, in terms of the first couple of weeks of studies at UTS, in addition to orientation, we focus on building friendships and networking, establishing those associations, and scaffolding, you know, the learning of academic skills. So what we mean by scaffolding is building up those skills over time. So rather than just trying to cram them all in one subject, we have them dispersed throughout our program so students can learn, you know how to learn more effectively. And that's one of the aspects of university that's different from high school. At high school students often told, you know, this is what you should do, that's what you should know, you know, make sure you prepare in this way whereas university is a lot more flexible in terms of how we work with our students. We provide regular feedback in the class and online around how students are progressing, including early stage feedback. So they can, you know, revise concepts and seek extra help and assistance if they need it rather than waiting to the final exam, we want them to basically make the most of their learning experience and resources available throughout our teaching sessions. Rather than just wait to the final exam, get the result and find out they haven't done as well as they wanted to do, we basically want to guide them and help them along the way. Mentoring is a very important part of our programs, as I mentioned we have a program where more senior students run study sessions with which is called UPass with our students across a range of different subjects, including the more challenging subjects so that peer networking is certainly in-built through the program. And at university there are a range of extracurricular activities. And one of the key differences you know, with high school compared to university and high school, in many cases, you know, the high school staff will push students and say, do this, do that, you know, get involved with this. And at university, we definitely encourage students to get involved in extracurricular activities but we don't make them do extracurricular activities. So this is one of the differences with university and the importance of, you know, students choosing a program that interests them, and doing something that they're motivated to study is it's really up to them to take advantage of all these different extracurricular opportunities that we offer. Right, so peer networking programs, clubs and societies getting involved and making the most of career resources. And we also have support by our, you know, our UTS support network so, health, medical support, our library, we have an amazing library now beside our UTS tower, and there's also UTS mobile app, which to be honest with you, I don't know whats on the mobile app and maybe one of my colleagues...
Dr Amanda White
The app is awesome. If we didn't even advertise it, I think we got like 5000 Student downloads in the first week.
Dr James Wakefield
Excellent. All right. Yeah. Yeah. That's it for me. So as I said, happy to answer any questions. I'll pass on to Amanda, who's going to have a look at the next slide.
Dr Amanda White
Thank you, James. Safety is always a big concern. And when I was going to university more than okay, so it was almost three decades ago at UTS that was a big concern of my parents; going into the city; I lived quite a distance away from university; so they were very keen to make sure that I was safe on campus. So I think, James, on the next slide, we take students and staff safety very seriously. And one of the biggest issues has been sexual assault on campus and there's been significant government inquiries into this. And as a result of that UTS, and all institutions across Australia now require mandatory training for all students and all staff in a program called Respect, Now, Always - Consent Matters. So that is something that all students have to engage in so that we're all on a level playing field, no matter what our backgrounds, our previous experiences, and our school experiences. We take this very seriously. There's also a UTS sexual assault support hotline that is manned 24/7. Security help points on campus, they're these little things with an orange button that you can press. There's even an after-hours security escort service. So if students are driving to campus, then if you're parked a bit aways off campus, you can request a security escort. And there's also a shuttle. So we have quite a very large and spread out campus. So if students do feel a little bit uncomfortable walking those distances by themselves, there is a security shuttle as well. And we always recommend that students put our UTS Security Office number into their mobile phones, as well. And from any internal phone, you can dial SIX (6), so we take that matter of security very seriously. It also means that from a physical security standpoint, students are required to have their ID, we have COVID-19 safety protocols, and check-in at various buildings. So like many other public institutions, UTS has been open, it's been closed, had adjustments to our guidelines, and we're always following NSW Health. So we do have the possibility to be exempt from COVID-19 requirements because we are an educational institution however, we choose to follow the NSW guidelines. There are hand sanitizing stations outside of every room in a range of different places. Students forget their mask, they have one available at the security office, and we provide online and on campus options for learning.
Now, right now, we don't have any mandatory vaccination requirements, besides what is available for NSW Health. So NSW Health says to be out and about in public spaces, then you have to be double vaccinated or single vaccinated with a second vaccination appointment. We do accept students onto campus with a medical exemption for being vaccinated and also because education is an essential service, if you were not vaccinated, but you have a negative COVID test, within three days of coming to campus, then you can access campus as well. But there is no mandatory requirement. So we are not forcing students back onto campus. We're letting each student and their family make the decision as what's best for them. So activities are being held on campus in socially distance manners. And we're having orientations and other activities online.
With our classes we're not packing students into lecture theatres sort of shoulder to shoulder; our lectures are pre-recorded activities so that when they come onto campus, they're doing hands-on or active learning. So learning by doing, by reviewing each other's work, by having their work reviewed by the teacher, getting feedback, engaging in trial and error. So we want our campus experiences to not just be sitting there, you know, being a bucket that's being filled, it's being part of the process. Students also have access to their teachers and coordinators through online drop-in sessions. And we have our tutorials and workshops on campus. But we do have online options for those students who feel like they're not quite ready at this point to come onto campus. And I know that there can be a lot of anxiety around that, especially if you have family members who can't be vaccinated, and that's me especially, I have two young children who they're four and they're eight they can't be vaccinated right now. So we try and provide as much flexibility as possible for our students. For our offshore students who are studying from overseas there's of course, online options. And there's also lots of online study support so if you need help with academic referencing, academic writing, English, Maths, great, if you want to come onto campus, all of those services are available but we also have those services available online as well.
So, now I'm going to hand to Simone and Simone's going to talk about how you can support your young person, when they start university. It's a really big, interesting time. And it's the time often for a lot of people to go out into the world and explore. So Simone, what tips do we have for parents this evening?
Dr Simone Faulkner
Thank you, Amanda. And yes, like, like, James, I'm another First Year Coordinator. So I've met many young people who, you know, fresh out of high school. And I know that I get a lot of emails from those young people with concerns about, you know, different family problems, as well as potentially other issues that might have arisen during the course of the semester. So I know that family life is a really critical component of university life, you can't, the two aren't mutually exclusive. So it's really important that you understand in as much detail as possible, or as much detail as your child will allow you, to the expectations that the university has of the students.
I suppose a quick tip before I do begin is to inquire, inquire from your young person as to the subjects that they're enrolling in. And you might even want to look over some of the details of those subjects. And it might just be the course handbook as a starting point, you can look at the course handbook for each of the subjects that a student might take. And if they're studying the Bachelor of Business, it might be the Bachelor of Management, Bachelor of Economics, there's a core program of subjects that are there and available to you. You can have a look at the types of assessments that they're required to do, the types of learning outcomes that are required of them. And you can just start to discuss with them as to you know, what that means for their future. And also what that means in terms of their workload going forward. Because we all know that, well, maybe we don't all know but I have realized over the last few years, that students when they get into first year, are very overwhelmed with the workload. And it's four subjects that they're studying. In comparison to the six or seven, or eight subjects that they're studying at high school. However, they're jam packed in a 12 week program those four subjects. And you'll have, oftentimes, an assessment for each subject, due around about the same time and it's really hard to juggle those tasks. So if you can sit with your child, and go through those tasks, in terms of you know, when they're due or what they might involve, that might help to relieve any pressure.
Other tips that I have? So James has already mentioned, you know, the idea that it's really important for students to get outside of that study space and look at more broadly about a student's interests. And so your child may have received an early offer, and that's really exciting, they may have received multiple offers. So it's about you checking in with your child as to the skills that they would like to develop themselves. So have a think we're starting to think more about the reverse process for career development. So looking at the attributes, that industry that organizations are expecting of newly graduated students, and those attributes are listed in every subject outline, those attributes as learning outcomes, and so you can sit with your child and say, well, this subject helps you to develop your collaboration skills, it helps you to develop your problem solving skills. Is that something thing that you're interested in. And it's definitely I can tell you, these are the skills that the employers want of future graduates. And if it's something that your child is curious to develop, then you know that might be the right program for them.
So get them to think about what they're good at. But what they'd also like to challenge themselves to develop in the future. And I've mentioned checking in with subjects and assessments; something like a little calendar or you know, a spreadsheet up on a wall or on a computer with when key deliverables are for each of the subjects would be super useful for your child to develop whether or not they share that with you. But it will keep that time management in check.
Now encourage your young child to get involved in university life. James has mentioned the multiple extracurricular activities are available to students nowadays, and it is phenomenal. When your child comes onto campus and has a look at all of the clubs and societies available to them. They might be a little dumbstruck at the beginning. Because there are a lot of options whether they are sporty or crafty, or academic doesn't matter. They might have this niche love of something like anime or what's the Quidditch Society or you know, something really niche, but there's something for everyone. Now, research has been conducted here at UTS to demonstrate that membership in a club or society is strongly related to student success. And what does student success mean? Well it means that students are more likely to stay in their courses so they're not flicking between courses and getting worried that they're in the wrong place. Students success is also academic success. So grades improve. Employability increases as well. Their self confidence and global citizenship skills are also enhanced, because they're, you know, meeting with more and more people who can foster that interest with them. So I've got a link here that you might want to read up more about that study about how membership in clubs and societies, those extracurricular activities can really benefit a student can make the experience fun, can make them feel like they belong on campus (Results from a UTS study correlating membership in clubs and societies with student success: https://opus.lib.uts.edu.au/bitstream/10453/151238/2/ActivateUTS%20Report%202020.pdf)
And I suppose lastly there; reassure your child that it's okay to receive help if they need it. And this is something that we really need to as first year cohort coordinators, we really need to drum in; weekly to our students, that help is you know, just one email away or it's one knock on the door away and there are multiple services. So at high school students have a lot of support, you know, whether it is something like careers counseling, or chatting with their teachers who they're much closer to then possibly University, and they have those support services at their disposal. At University there are even more services provided by the library, by our higher education, language programs. By our Institute of Interactive Media and Literacy, there's a whole lot of places to go for assistance; we have Student Services. If your student has accessibility requirements, they can sign up and receive extra support there. We have special consideration programs; so if a student is struggling with you know, some family issues at home, health problems, they can apply for special consideration.
There's a lot of those University services available but there's also subject level services. So tutors are there to really help students along the way, not only in providing feedback for their assignments, but also to guide their thinking their learning and submission of assignments. So yeah, tutors, subject coordinators; we're all here to make sure those young people don't get lost in a system which can be overwhelming at first.
So that's what you should be doing, you should be getting of a child really invested in university life; but there are some things that we encourage you not to do. And the first there is pretty clear; that putting pressure on your child to, you know, achieve a high distinction in every single subject is couldn't be really devastating for a child's development at university or young adults development at university. We see the evidence of that when students write to us or come and see us in tears. And very stressed that they received only a credit. And I say 'only a credit'; a credit for us is a really good grade range. But, that's not good enough, because they've been told by parents or others that you know, you need to be receiving 80 or 90% in each subject or in each assignment, in order to, to do really well and to succeed in the future. Grades, while they're, you know, quite important and clearly, you need to be passing subjects to be getting through your degree they're not the only thing that we're testing. We want to ensure that students are developing a range of skills, and not just how to work a system and learn how to write a really good essay, in order to pass a course; we want them to develop those higher order skills, those critical analysis skills, and you know, collaborative skills.
We also ask that parents, carers, family, friends really don't get involved with the assignments to a great degree. So understanding when assignments are due is really important and it can help you develop a discussion with your child, but don't help to edit assignments. And this is a really important thing that Amanda could talk hours about because academic misconduct; so instances of plagiarism, uh, you know, increasing, we see evidence of this every semester. And it often is because students are unaware of the expectations of how to write reports or essays at this level. Sometimes this is not accidental. So, and it is something that we need to really nip in the bud before, you know, in those early stages. So receiving editing, advice from professionals or even family members is a no no, it will mean that we have to refer you on to firstly, breaching academic integrity rules.
And then what what else not to do, don't compare your child's university experience to those that have their friends, of family members of your own if you have had a university experience, because any pressure it's just like pressure on grades, any pressure can make it really difficult for a child to flourish. At University though, we know we need to make this as seamless as possible. In the especially in the first year, once a student finds their feet in second and third year, then they'll be able to push off you and tell you where they're at and how confident they are. But in those early years, all they need is some reassurance; they need to be encouraged to navigate their own journey, to figure out what university is like. And a big part of university is not really what happens in the classroom; it's all of the extras, it's the whole package; it's those social relational experiences. So I hope that gives you a little bit of an idea of how parents can get involved at an you know, in an arm's length approach in their child's university life, particularly in those early stages. I think that's all that I had to say, James. Oh, we're up to Q&A. So I think we've met pretty good time.
Dr Amanda White
Plenty of time for questions.
Plenty of time. If anybody does have one... I have put some extra comments there in the chat as well. A lot of students the freedom of university, they're really telling you what to do. Academics don't check in on students the same way that teachers will check in on students in high school. And so I said that it's about 10 hours per subject per week. So if a student is studying for subjects, that's about 40 hours a week, it's like going to work nine to five, a lot of students fall into the trap that the hours that I do face-to-face with my teacher with my class, is the only thing that I need to worry about preparing for. And that is something that results in very shocked students when it comes to results. So if you say, look, going to full time University is like a full time job, then that can often put it in a little bit more context. So if you have any questions, please make sure that you add them into the Q&A there. And I think we've answered pretty much everything or you can pop that in the chat.
While were waiting to see if there are any, I often get a lot of questions about what sort of technology etc might be needed. The university provides free Wi-Fi for all of our students who are coming onto campus with their own device. So most students will come to university with their own device, if they don't have one, or one is difficult to afford, then, of course, please contact us at UTS we have loan options for students, in terms of laptops and technology. A lot of times there'll be interaction in the class that might require them to use a mobile device to vote in an online system or engage in an online activity. We also recommend that students bring just really simple things, a lot of students don't come to class with just a small pad of paper and a pen, you never know when you might need a physical pen, even though we do a lot of things online. And the other thing that I would recommend that students will bring to class as well is a water bottle. So we are really trying to be a plastic-free institution. All around campus, there are filtered water bottle refilling stations. So we encourage everyone to bring a water bottle or at orientation, get involved and buy one of our UTS water bottles, I think they're only $15. And they're really great value. James, any other tips you want to share?
I think the the key tip that I have is really to, to make the most of the experience, you know, you have to get involved, you know, so you need to encourage your child to, to really explore, you know, the university come to the orientation, you know, find out what university life is all about, you know that there's a lot to learn. And that's what our orientation is really about, you know, finding out about different services, we offer different opportunities to be involved in clubs and societies. And as Simone mentioned, there's so many different clubs and societies that they don't need to join one that's related to their studies. It's largely about networking, meeting other people throughout the university experience. So you know, just choosing one that they're interested in, in some way, and making sure they engage, and then coming to class, and again, be ready to engage the students that perform best are the ones generally, that make an effort to get involved in university life and make the most of it and that greatly improved experience. You know, as we were saying, you know, during high school, I think, as Amanda mentioned, during high school, you know, teachers will push you to do this and that we weren't you know, we're there to support and encourage but, you know, it's up to the student to drive a you know, their experience, and there's, there's a lot they can make of it and so many different opportunities, you know, so yeah, just get involved. And, and it's not just about class time, it's not just about turning up to classes and leaving. It's, it's our campus is here for a reason. So you can do things without experience.
Now, there was a question here that said, if students start their business degree, but think they'd like to change to a combined degree or a degree in different faculty, what do they need to think about? So you know, that first semester is really a period of exploration. But if they get to the end of that first semester, and they think this just isn't for me, you know, I started in this degree, and I really don't think it's something that I'm interested in, then I would really suggest dropping in and talking to our careers service. So our Career Service can actually provide really good guidance about well, what career do I want if I thought business might be interesting, but it's not working out for me? So have a chat to Careers. To transfer into a combined degree, what they're going to need to do is after that first semester of study, they'll need to reapply through UAC, they can still stay in their existing UTS degree for now, and then apply into that double degree through UAC. And then if they receive an offer, they can transfer, it's easier to transfer from a double degree. So you're doing a Bachelor of Business with a Bachelor of International Studies, and you think, I'm not interested in doing international studies anymore. It's a really simple, easy, internal process to change from a double degree to a single. But to go from a single to a double degree, using that single as part of the double, it's a little bit more complicated. Or to choose a degree in a different faculty, you'll need to go and reapply through UAC.
Now another question here that's a good one for our First Year Experience Coordinators - what sort of industry experience might students be able to get during their degree? What sort of opportunities are there?
Dr Simone Faulkner
Well, in our faculty, there are quite a few. And in fact, this is very topical, because the theme of this semester has really been work integrated learning experiences across the university, and more of our subjects have some sort of component of will have work integrated learning embedded within those. Now, for example, within the Bachelor of Business, there is a Business Internship subject, which is an elective that and this is also applicable to the Bachelor of Management subject, all students have the option to choose that as an elective in their degree. And there also, I know that both the Bachelor of Management and the Bachelor of Business have undergone quite a bit of a review. So there are new subjects being introduced every year or two, which support that all of our Capstone subjects across each of the departments, whether you're in Marketing or Accounting, Management, they have some sort of project-based assessment or activity that they usually do undertake with an industry partner. And so your students will, you know, benefit from having relationships or develop those networking experiences with any industry partner, and also try to solve a problem for that industry partner as well. And this goes beyond those Capstone subjects. This is happening across the board, as we're, you know, innovating in a lot of the subjects across the degrees. James, did you want to add to that?
Dr Amanda White
Yeah, sure. I mean, an important part of what we do with UTS Careers, this is a program that students do there generally at the start of their program, although they could do it later on if they want, which basically, they think through designing their UTS experience. And while designing their UTS experience, they're thinking through the skills that they want to learn, the experience, they want to gain to develop industry opportunities, basically, so during their program and post their program. And in saying that, obviously, you know, a lot of you who have kids that are yet to transition to university, and gaining some experience, whatever the work is, is a good thing. You know, employers really look upon this favorably, because it's learning how to work with others, learning how to work with people, be that in our program, and that's good; but of course, employers when you're, you know, want to further your experience will look favorably on, you know, experience in the workplace. So, once once you your child has done and finished their HSC, you know, some of them certainly want to take a break, and that's fine. That's perfectly understandable. And that's an important part of life. But exploring those opportunities and thinking about, you know, a job that only have one is a good thing. And then that will help them build on their thinking around careers and what they want to do moving forward when they come to UTS. And we provide them with the guidance and support around developing those opportunities further.
Another thing I wanted to mention as well is we actually have a subject students can take called Business Internships where they go and find an internship. They learn about the world of work, and they report back on their internship. And UTS also advertises for a lot of commercial internships. So for example, in Accounting and Finance and most of our business disciplines, the summer break (we do have summer subjects available on offer) but most of our students use the summer break to actually take a six to 12 week internship in Accounting, those are offered by the big accounting firms, PwC, KPMG, etc. But there are internships available at all sorts of different times to give students some of that experience. And then if the students are just in volunteering, we have lots of programs that give them industry experience in a volunteering manner through build, and other initiatives. So there's lots of options.
And a lot of students say to me, look, Amanda, I'm in third year, my only job has been in McDonald's, is that going to be any use in getting a graduate job, and I say, it's a fantastic job. So hospitality roles, retail roles, often students don't actually realize the benefits they're getting from learning how to deal with customers, working in a team, having deadlines, being able to organize themselves. So as well as having industry specific experience don't forget that those part-time jobs can often provide a lot of great real world experience to students as well.
Well, we're almost out of time. You can stay connected with us on social media, on Facebook and on Instagram. And also on the UTS Business email address (business@uts.edu.au). One of the team can handle any of your queries and get back to you.
Certainly, we thank everybody for being here today. And for asking your questions. It's a really hard thing; University for a lot of parents was taught in a certain way with certain types of experiences if you've been to university, and it's quite different now. For those who have never been to university and not had tertiary education, sometimes trying to figure out what advice to provide for students can be really difficult. So we hope that we've shed some light today on how you can support the person that you care for in coming to university.
So we look forward to hopefully welcoming you and your family to UTS then maybe in a few years, perhaps see you're on campus for a graduation. And of course if you need anything else from us, please don't hesitate to get in touch. So thank you very much and have a great evening.
Careers in Business
Careers in Business
00:00
Hi, everyone. Thank you for joining us today, where we'll be talking about the different careers options available to UTS Business School graduates, as well as the plethora of support services available to students through UTS careers. My name is Rachel and joining me is Nicole Papworth, who is the Business School's very own careers consultant.
00:20
Hi everyone. I'm Nicole, as Rachel just mentioned, I work in the UTS Career's team. I used to work in recruitment so I used to hire interns and graduates into all different roles across different areas in business. Now I work with UTS to help our business students figure out what it is that you want to do with your career and then help you achieve that.
00:39
Nicole, a lot of students in year 12 are thinking about their UAC preferences, what uni they want to go to, what course they want to do, and ultimately what career they want to end up in. But do students need to know right now 100% what they want to do after they graduate?
00:58
Well, pretty much my answer is no, but I've got a really long answer to get there. So I find that students a lot of the time when they're in year 12, or even in their first year of uni, they really want to know exactly what's at the end. So they can plan their whole way. And they can know step one, step two, step three, and exactly what it's going to lead to. But what we find is in reality, you know, you can't predict the future, you can't 100% know that step one is going to lead to step two, which will lead to step three and, and that kind of final answer that you want. It's very comforting to have this kind of step by step and know, think you know the future. But in careers, that's really not what we necessarily kind of promote as career planning. What we say instead, is to really look at yourself and to know yourself, and what it is that you want, and what you can control right now. So a part of this might seem a bit strange. We get people to think back to when you were say five or six, when you're in like kindergarten, and someone said to you, what do you want to be when you grow up? Rachel I'm going to ask you quickly, what did you want to be when you were five?
02:03
When I was five, I wanted to be a teacher, because my mom was a teacher. And I was somewhat bossy. So I thought that would be a good option for me.
02:13
Yeah, actually, lots of people say teachers. And when I was five, I actually wanted to be a policewoman. And what you'll find is that when people are five, they want to be something that they've heard of, so either their parents are that or they've seen that profession, or seen on TV. And what you'll find when you ask people at eight, or maybe nine what they want to be, so by the time I was eight, I wanted to be a ballerina. At the time I was nine I wanted to be a zoologist, just 10 I wanted to be a news reporter. So as you grow and you learn more about yourself, what you're good at, what you like you don't like, as well as what's actually available in the world, and you start to change your mind. So the point I'm getting at here is, if you want to be something when you're five, something different when you're ten, something different by the time you're 15. Do you really think that right now you know exactly what you're going to want to be in the future? Are you really saying that you don't think there's more you can learn about yourself or the world, as you kind of get involved in things? Probably not, you're probably going to change in life. So instead, what we say is really important for careers is to know your strengths, know your weaknesses, what you're good at, what you're interested in, and follow these while you're studying. Because that's actually going to lead to a career which will also be related to what you're good at, what your strengths are. So rather than necessarily knowing exactly what you need to be when you graduate, which I guess was the original question, we say don't worry too much about that. Just focus on what you actually can control right now, and learning more about yourself and getting involved more in the world. So one of the best things also about the UTS Bachelor of Business is that it is so varied. So students really do get to try a lot of different things before they have to say commit to a specific major or a specific area of a career. So I definitely think that's one of the key benefits of UTS Bachelor of Business and before students have to pick them Major as well, there's always quite a few different events run by careers and also by the Business Society and Women in Business around picking your major. So we run different things from panel events, networking, where you get to meet and chat to other students who are in their second and third year doing different majors in marketing, accounting, finance, you can learn more about it. And I think that's really beneficial for students in their first year to do.
04:24
Now, UTS is fortunate to have a very active careers unit to assist students in being work ready. Nicole, can you talk us through what exactly UTS careers is and some of the services they have on offer?
04:38
Yeah, of course. So we have both a virtual service and we also have face to face service. So we offer one to one career coaching sessions, so you can just drop into the careers office when we're open or we've also got these as virtual options as well. You can just book into a 15 minute virtual session and chat with careers consultant and ask anything about if you're not sure what you want to study, you're not sure if you like subjects or you want help getting a part time job or updating your resume, or maybe you've not heard of LinkedIn before. We also offer programs, we've got lots of different workshops and things you can get involved with. And that might be creating a resume, it might be built, meeting different alumni and people professionals, we industries, hearing about what jobs actually are, we also run mentoring programs. And there's so many things. So there's lots of online activities, as well as quite a few different face to face activities run throughout the year.
05:33
So Nicole, you've given our future students some wonderful advice. But if there's just one tip that you wanted to give to students who are currently in year 12, and thinking about their future, what would that be?
05:45
The passion is the result of action, not the cause of it. That might sound a bit weird, but essentially what I'm saying is you don't figure out what you're passionate about by just thinking about things. You figure out what you're passionate about by doing and getting involved in things. So think about whatever you're most interested in right now, whether it's skateboarding, whether it's a specific genre of movies, you didn't just one day wake up and realize you're passionate about it, you started doing it and got involved and then realized you loved it. So my one piece of advice is, while you're finishing off high school, or as you start university in your first year, just get involved and do a few things that you maybe hadn't thought of, to try and help you figure out what your new passions and interests might be.
06:29
Thank you so much for your time and for for all of your advice about career paths for UTS Business School graduates.
06:36
You're welcome, Rach. Thanks for having me. And yes, we would love to have you all come and join us UTS. And please remember to visit UTS Careers office anytime you're on campus in Building 2 and also check out our online services as well. There's lots of different things, resources, job boards and things that you can have a look at.
06:55
Thank you so much everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you have any questions, you can reach out to us via social media or contact us directly by phone on 95143074 or email business@uts.edu.au. Thank you
Student experience
UTS Business School Student Experience
00:00
Hi, everyone. Thank you for joining us today where we'll be talking about the UTS Business School student experience. My name is Rachel and joining me is Jasmine who's studying the combined Bachelor of Business, Bachelor of Creative Intelligence and Innovation. And Patricia, who's studying the Bachelor of Business Bachelor of Laws. Jasmine, did you always know that you wanted to do business or were you umm-ing and ahh-ing up until d-day?
00:28
Um, so for me, it was a little bit interesting. I actually never really wanted to do business because both my parents did business and I kind of thought to myself, I'd like to be a little bit different. But when it came around to choosing on the night of the first UAC preferences, I was that person that was up till midnight, changing all my preferences and changing around the order and punching in numbers and really down to the last minute trying to change what I really thought that I wanted to do. But in the end, what I did do was put UTS at the top of my preference list, and I did get an offer for my degree which is Bachelor of Business and Bachelor of Creative Intelligence Innovation. But even after getting the offer, I still wasn't completely sure what I wanted to do. And so I did get a couple of offers in later rounds as well. But in the end, it just came down to me having a look at all the unis, doing my research, making sure I knew exactly what it was about the courses that I was looking for. And what I did was even still choosing UTS I wasn't 100% sure, but once they came and started, I knew that it was going to be something that I liked. And so I stuck with it. And I've obviously, if you've attended some of the other sessions, you know, I changed my majors and my sub majors a little bit. I still kind of now don't completely know what I want to do, even when I finish but I found that business at UTS as well as my double with Creative Intelligence and Innovation is a great mix of subjects for me, even as someone who didn't really know what they were going to do, and still kind of doesn't know what they're gonna do moving forward.
01:55
Now, you mentioned you're obviously doing a combined degree with Business and Creative Intelligence and Innovation, we get a lot of questions about what exactly is Creative Intelligence and Innovation? So can you talk us through that side of your degree and what it involves?
02:11
The title doesn't really tell you about completely what it is. It's basically teaching, I guess, entrepreneurship and how to come up with ideas and problem solve in a really practical sense. And so it's more based around like your assignments. For example, one of my assignments was based around an industry partner MasterCard, and they came in and they wanted to know how they could increase their sales around the globe moving forward. And so there are a whole bunch of ideas from different groups, but that was our assignment. It's a whole lot of butcher's paper and post-it notes. It's not really that sit down and listen to lectures and listen to people talk. It's very much a hands-on degree, really thinking, really switching on and trying to come up with solutions to different ideas.
02:55
And Patricia, you're doing another one of our combined degrees, Business and Laws which is a really popular option as well. Can you talk us through it? Is this something that you always knew you wanted to study? And how is your degree structured?
03:09
So, I guess in Year 12, I didn't really have a clear idea of what I wanted to do at uni. I had like a lot of, you know, back and forth decisions about what I want to study, whether it'd be like something towards business, or maybe even science or, you know, engineering and stuff like that. But I think what really sold me to business or like commerce, I think that kind of field was the flexibility and, you know, the ability to kind of study a degree and have the options kind of move into different kind of career paths, you're not really stuck into one thing just because you studied business. And I think, with my law side, of my degree, I didn't really, I guess, have a clear goal of going into law when I was in Year 12. I think, especially, you know, with the admission and kind of like the details surrounding that I wasn't too sure whether or not I'd be able to study law in uni and I think, just like getting the offer at UTS really pushed me to come to UTS to study the double, as opposed to just studying commerce say at some other uni, which is why I'm here today. And with my double degree, it is structured a bit differently to say, the Business and BCII degree. With the business and law, we don't do intensive courses in the Summer and Winter, all our subjects are, you know, during the normal Spring and Autumn sessions, like many other degrees, and as opposed to Business/BCII, Business Law is a five year degree. Something that's also a bit unique to the Business/Law double is that with the business component, you only get one major as opposed to having, you know, the flexibility of having two majors or a major and a sub-major. So, for me, I'm majoring in finance and all my business subjects after first year are allocated to the finance major. So I don't have any other, I guess, spare electives to kind of explore any other, I guess, different aspects of the business degree, whereas my law degree is still I guess, the same tip length that you'd expect from a law degree. It's the same if you would do like a single loterie. So there's no really compromise there on that side. And yeah, that's like, I guess something that's a bit unique to the bachelor business and the actual laws.
05:12
Patricia, what have been some of the big differences you've noticed moving from high school to uni?
05:19
Yeah, so coming to uni was definitely a really big jump from high school. You know, when you're in high school, especially in Year 12 at a place where you're very comfortable in, I guess, where you are at life, you kind of know everyone, you know, your teachers, you have this whole community that you kind of built up throughout your whole, I guess, schooling experience and coming to uni, it's definitely a fresh start. And I think one of the biggest things that was really different from high school was, I guess, the amount of independence they kind of had around, you know, your studying and kind of this whole like socializing and making friends. You really had a lot of independence on how you wanted to structure I guess your unique experience, you know, and that's something that I kind of did struggle with a bit in my first year in not having teachers kind of hounding on you, like, every, every other day being like 'oh your assignments are due', or 'you have this homework coming up', I think it was something that I had to really adapt to kind of making my own schedules and really sticking to them and being really disciplined in, you know, making sure that I go to class and attend all my lectures and tutorials, as opposed to kind of, you know, expecting someone to kind of just always be following up on me. But I think that's something that definitely gets a lot easier as you kind of go on, you know, throughout the semester and throughout your uni degree, you get really accustomed to kind of just having more time to yourself and having more time to really organize and really do uni the way that you want to do it. And I think that's a really good thing that you know, is to like, I guess, learn, kind of within that transition period, just how to, I guess be more organized and be more independent, which is something that is really good.
06:53
I really found that um, I guess Patricia kind of touched on this as well, but really the scheduling around uni was quite for me. When you go to school, you've got your timetable, and while you might pick some electives, you kind of at school, you know, for me, it was 8:30 till 3:15, you've got a scheduled lunchtime and you've got a scheduled recess. And, you know, you might have sport on a Wednesday afternoon or whatever it might be moving towards uni, you really get to customize that timetable around what works for you. So for me, when I was in my first year of uni, I had a part time job, and I was working four days a week. So what I ended up doing was I did one day at uni. And then I also did some night classes at uni so that I could still keep those four days at work. And that worked really well for me in the first semester first year. And then as I moved into my second year, and my third year as well, I'm starting to realize that I don't need to work. And I'm working three days at the moment so I can go two full days at uni. And so I guess the ability to customize that timetable around what you want, and what you need is something that I found really interesting and I guess the ability to have multiple things going at one time, particularly with business, it's, I guess, less hands-on than some other degrees. So a lot of it is you just go into uni and you learn what you need to do and what you need to know, I guess, and you go home and you can go over in your own time. And it sort of takes a little bit more self motivation than what would happen at school, you know, you're forced to go to school for the set hours every single day, and they teach you a lot more there because you've got more time there. Whereas I feel like when you've got this new timetable and ability to customize it around different hours, then you have to kind of split in that extra study time yourself and you get to mold that around what your schedule looks like day to day. So that was one thing I found really different was, I guess the ability to customize and also the need for self motivation to get through all the work within a semester.
08:45
How much time on average would you spend studying when you're not in a lecture or a tutorial?
08:52
I think with uni really the marks you get are really what you put in so you could put in a minimal effort and just get a pass in a subject, you probably wouldn't have to do that much work outside of your class hours. But for me, I'd prefer to have sort of like a distinction average. So I'm not necessarily achieving for full marks in every subject, I kind of aim to do quite well. But I also still want to have time to do my own sort of thing and I don't want to be stuck to my desk all the time. So I would say I have around 3 hours face-to-face teaching for each class, and I do four classes in a semester. I think usually in the start of the semester, you don't have to do too much study. But as you come in towards assessments and exams at the back-end of the semester, you tend to put a little bit more time into it. I'd say I probably maybe do an hour extra for each subject in general, and then a couple extra hours when we're in kind of those periods within the semester. That's me personally, I know everyone does study differently. But I found that that's what works for me.
09:55
A lot of people that aren't at uni yet aren't quite sure what exactly a lecture is and what a tute or tutorial is. Patricia, what's the difference between the two of them?
10:07
So a lecture is one of those bigger, I guess, more typical sessions that you think of when you come to uni. It's like a really big hall with a lot of students. And there's one, I guess, lecturer, who's going through the content, it might take, maybe like, a few, a couple hours, depending on the subject, but it's definitely usually a very one-way kind of teaching style where there lecturer kind of, you know, teaches you the content, and it's kind of not really an interactive space. But on the other hand, a tutorial is definitely something that's a bit more hands-on. It's a smaller classroom, maybe around 30 students or less something that you'd be more, I guess, accustomed to is similar to like a high school classroom, I'd say. And it's definitely something that's much more like a two-way conversation where you're able to ask your tutor questions, go through the content that you maybe didn't really understand throughout the week, and then kind of explaining things in more detail and really going through the content, and taking more time to go through it with you. So those are like, I guess the two main types of classes that you'd have at uni.
11:13
Exactly how formal is it when you're liaising with your academic staff? Jasmine, what do you call them?
11:21
I think for most, the most part they like to actually be referred to with their first name. A lot of them are really well accomplished academics. They might be Professor and Doctor and they might have a PhD and all these sorts of things. But in general, I guess in email etiquette, you would probably if you were emailing your tutor, just say 'Hi Peter' or 'Dear Peter,' and continue with your email. I think a lot of the time, the academics as much as they are very intelligent, well accomplished people., they're really here to help the students and so by forming those, I guess relationships with their students, you're able to reach out and get help when you need to, and they're not going to come down on you if you don't use the right name or you make a spelling mistake. I think as much as it's nice to be formal with your academics and your tutors, it's good to also have a relationship where you can ask questions and feel like you can get the help that you need as well.
12:12
How maths-heavy is the Bachelor of Business?
12:17
I definitely think it really does depend on the subject. There are some of the first year subjects for example, finance and also a subject called Business Statistics. They're a little bit more maths-focused. But as someone I did, personally three unit maths in high school, and I sat next to a friend from high school who did general maths in that Business Statistics subject, I feel it was a little bit 50/50, some of the maths that she knew really well was in the course some of the maths that I knew really well was in the course. But I guess in general the consensus is that all of the subjects tend to go over again the calculations and go over how to get there in the subject. So if you need to use a certain type of equation or you need to use some sort of calculation, they're going to explain that to you, they're going to go through it. And if you do need extra help that is available UPASS is the program that Patricia mentioned, where you can go and get extra help that's available to you, your tutors are there. You can also ask your peers, my friend and I that did opposite maths in school, we kind of bounced off each other and got through the semester by learning together, as well as going to those UPASS sessions together. And so I guess while there is maths in the course, it definitely shouldn't be something that freaks you out. There's a reason it's not a prerequisite for our course, there is some assumed knowledge, but they're always going to go over it and there's always options available for you to get more help if you do need it. And so I definitely would say that yes, there is maths in the course, but it's not something to freak out about.
13:42
A huge part of uni is the social side and not just the extracurriculars on offer but even just making friends in general. Patricia did you know anyone when you started uni, did you have a big group that came from high school? How did you make friends when you started here?
14:02
14:02
14:02
Yes. So when I started uni, I didn't really know anyone, I guess from my high school that was coming to UTS and studying the same, I guess, degree that I was, you know, there were some people who were studying maybe like Nursing or Engineering, but we weren't really close. So I was kind of coming into uni with like a blank slate not really knowing many people. And I think it was also like, really kind of daunting, you know, just coming in not like without a group of friends, but uni does really give you the environments kind of make friends, you know, especially in your first year, everyone's really in the same boat, kind of just wanting to expand their social circles and just wanting to get to know each other. And a lot of the friends that I've made at uni have really been from my first year classes, you know, you sit next to people in your first few classes and you kind of just have the environment to really talk to them and really add like, you know, strike up conversations at them on Facebook and on social media and really develop those relationships from there. And yes, it really wasn't as daunting as I thought it would be. And, you know, it was really nice kind of just being around people who will kind of in similar situations as you try to just, you know, live their best uni life and make make friends and things like that.
15:09
Jasmine, do you want to talk us through which clubs and societies that you've been involved in? And how you found them?
15:17
Yeah, definitely, I think, coming into uni, that was one of the biggest things I was excited about. I was that student that was first at the door on open day and I was going around all the stalls looking at all societies. I was actually kind of blown away about how many there are on offer. We've got a Quidditch club, there's food appreciation, beer appreciation. There's also one specific to the degree that you're studying. So if you're a nursing student as the nursing society for us in business, we've got the business society we also have the Women in Business society, there's a whole host of other ones around finance, investment, all niches within business. So there's definitely something for everyone and I found that it was one of those things that really did help me as well. Just to go back to that finding friends and socializing, it's definitely a place that you can find like-minded people. If you sign up for a society, you're immediately going to meet new people that host events and parties and all those sorts of things. And it's a great way to get yourself out there and meet people who are interested in the same things as you. I personally signed up for a few when I went to the first open day, there are lots of clubs on offer, usually they charge around $5 or $10 for a membership fee. I signed up to the business society, I also signed up for women in business. And by the end of that I actually became involved in their committee. So I guess organizing the events and helping behind the scenes with those sorts of things. And so that was a really great way for me to meet lots of people that I'm still really good friends with now and it's always nice when you walk into class and you see a familiar face and have someone to sit next to after you've kind of done your first little semester at uni. When you walk into those classes moving forward, you know that there's someone there that you'll most likely know. And even when you're online and you see you know the names of the people in your subject or in your tutorial, if there's someone you know, it's kind of a nice feeling that you'll have someone there throughout the whole semester in that subject to always bounce off and make sure everything's going okay. So I definitely would recommend if you're interested in societies definitely go and have a look, there is absolutely something for everyone. There are so many out there, and it's a great way to get involved in uni life.
17:26
Yes, so. Like Jasmine, I also, you know, went around O-Day my first year and kind of looked at the different clubs and societies that were on offer at UTS. And the one that I was particularly involved in within my first few years was Enactus, which is basically like a student society dedicated to getting students involved in social entrepreneurship and kind of giving them the environment, tools and networks kind of create their own social enterprise. And I joined in my first few weeks of first semester in first year, and I've been involved with Enactus ever since so last year, I had the opportunity to become the president of Enactus UTS, which was a really great experience. You know, it really got me involved in kind of the leadership side of societies and really opened my eyes to like how much work, I guess a society does entail and I think it was a really good learning experience for me. And even now, after my presidency, has like, I guess, finished, I've still been in contact with the people in the society, still attending events and really helping, you know, the society out I think, even if you're not involved in committees or executive team, there's definitely a lot of ways to get involved in a student society or a club and I think that's something that UTS does really well with the amount that have been offered as well.
18:43
Now, UniGames is another thing that a lot of people have heard about, but might not necessarily know too much about. Jasmine, you've actually been. Can you talk us through exactly what UniGames is and what your experience with that has been?
18:59
Absolutely, I've been to UniGames twice for two different sports so I can definitely vouch for how fun and exciting the week is. Basically UniGames, it's now called National Div-1 University Championships is what UTS competes in. It's basically a congregation of all Australian universities and we play sport against each other in a whole bunch of different categories. I believe there's even ping-pong and fencing, swimming, even surfing. So there's definitely a sport for everyone. I went the first year in my first year of uni, actually, the first one that I went for was softball. And so we played I think, from Monday through Friday, and then at the end of the week, there was awards given out and actually in that year, UTS won the overall sport competition, which was really exciting. Last year, I ended up going for dance. So that was a little bit different again, because you don't really just train you have to learn the routines in the lead up. And so that was kind of a longer commitment for me in the lead up to uni games, but I really enjoyed it. That experience again, it's one of those things where you get to meet like-minded people. And I became really close with my group of dance friends. So we got to go up to Queensland for the week, same as last time, although we competed at different venues. And there's lots of things going on as sponsors like UniBank, you can you play frisbee games and you can win money and it's just, it's just a great atmosphere. You go up there, you get to watch other sports, you get to watch other UTS teams play. And it's just a really fun week. And it allows you to kind of get out of your comfort zone and try something new. I mean, I've been twice so I can definitely vouch for the fact that it's a lot of fun. And I got a lot out of it. Hopefully I can go again next year.
20:40
Patrcia, what's your favorite spot either on or around campus to grab something to eat?
20:46
Yeah, we're definitely spoilt for choice in terms of food and drink and places to kind of hang out with your friends around UTS. I think that's a big benefit of us being so central within the city. I know my first year of uni I hung out a lot around the Haymarket side of campus so around where the old UTS library used to be. And one of my favorite places to go grab food was Jumbo Thai. And I like I think every UTS student can vouch for Jumbo Thai, definitely the best takeaway that you'll get for the price. I kind of miss it, haven't been in a long time since lockdown as occurred but it was definitely a like an essential part of being a UTS student going to Jumbo Thai before class or, you know, bringing Jumbo Thai takeaway to the library and stinking the whole place up. Definitely a really, really good place. But now that the new building has opened, Building 2, the food court is definitely the place to go, you know, they've got like Papa Rich, you've got Cha Time you've got Uni Bros there's a lot of options for food. And it's definitely a really good place to go if you're, you know, on campus or you're just around class and stuff like that.
21:53
I actually also do enjoy Spice Alley so it's kind of more towards the central building and the iconic tower that everyone knows, that massive brown one in the middle of Central. So to walk across from there to Jumbo, sorry not Jumbo Thai, sorry to Spice Alley is a really great place to go. There's lots of options there. You can sit down, it's really pretty. And then there's also a little oval out the back. Another favorite for me is after I've had a good feed at Jumbo Thai or either at Spice Alley is to walk around the back, there's an ice cream place called Anita's and they have so many flavors that are all amazing and it's just a perfect way to top off a great lunch after uni or before class. It's just a really good spot around there.
22:38
One of the things that we really emphasise at UTS is being work ready, and a big part of that is we really encourage our students wherever possible to complete an internship. So Patricia, do you want to just tell us a little bit about the internship you did, how you found that, the kind of work you were doing?
22:58
I recently completed an internship with Suncorp Group as a Finance Intern, I completed a seven week internship over the Summer and I found that placement through the CA Achiever Program. So I don't know if anyone has heard of Chartered Accountants. It's like this organization for accounting and finance professionals. And they have a program they run every year for students, which allows them to, I guess, intern with the different partners that they have. So I was able to secure an internship with Suncorp Group through the Achievement Program. And at the end of the seven weeks, I was actually able to convert that internship into a part-time role which I was able to get credited as a subject as part of my degree as part of the Business Internship subject. And in my internship, I guess I was doing I guess, more of like financial accounting work and I was helping their Wealth and Assurance teams with that, you know, their monthly reporting, their monthly journals and, you know, similar administrative and kind of like accounting work on that side. And yeah, it's been a really good experience kind of getting the practical, I guess, hands-on experience that you can't really get from just a classroom. And I think it's allowed me to kind of apply the things that I've learned from uni to kind of a workplace scenario, which is really good.
24:16
The way that I ended up with my internship was actually through a society event. So the Women in Business society runs an annual event with all of their industry sponsors, and this company that I got my internship with named Amstelveen and they were attending that event. So I was actually sitting down with lunch with some of these employees from Amstelveen and they mentioned about this internship program that we're thinking of getting up and running. And they encouraged me to apply. And so from that I did apply, I had a few interviews, and I ended up getting the role. So it was a little bit less conventional than kind of just going through a standard internship application. But I guess in the end, the internship that I got was actually very interesting. The area that they specialize in, they're a boutique risk management firm. So I did a lot of consulting work within that I was working on Big Four clients in insurance firms, I also do some of the internal marketing. So it was kind of a split role between doing some stuff internally as well as moving out to client offices. But it was really interesting, they're kind of a more small company compared to somewhere like Suncorp. But it was a great experience, a great way to kind of just build those soft skills that you wouldn't even think about, you know, when's the appropriate time to text someone? When's the perfect time to send an email? How do I use Microsoft Teams? When should we be doing a group call? I guess these sorts of small things that you wouldn't really think about was something that I really thought was helpful to me to pick up before I enter the workforce more officially when I finished my degree. So I felt that was a really good experience for me to kind of just validate what I've been learning at uni and see how that manifests in real life. And also just to get a taste of different industries I'm planning on doing another internship this Summer. Personally, I didn't get it accredited to my degree just because it was something that I did over the Summer. I was paid for it. So I didn't feel like I needed to get any credit for a subject. But that is possible. And Patricia has done that. So there are options for you when you do decide if you want to do an internship that you can get credited, or you can just do it on your own accord, if you'd like as well. So I guess it was a really positive experience for me. And in saying that, I'd encourage you all to do that too, if you choose to do a Bachelor of Business.
26:26
One thing I do want to add, though, is that when you do do it as part of your as part of your course, like Patricia did, UTS has to sign off on your workplan. So you're getting credit towards your degree, as Patricia spoke about. So we want to make sure that you're actually learning something, we don't want you to say, 'Yeah, I didn't learn anything about finance, but I make a really good latte' or 'I'm really good at photocopying'. So we do sign off on on that workplan to make sure that you are learning something that will add something to your degree.
27:02
One service at UTS really worth mentioning is UTS Careers. Patricia, I know you've done a lot with them, you've actually worked with them. Can you talk us through a little bit about what Careers is and the services and help that they provide for students?
27:19
Yeah, so UTS Careers that's definitely one of UTS' best student services like helping students get ready for a job or, you know, career also they finished their studies at UTS. And I've worked a lot with Careers, whether it's through you know, student societies or you know, working as an intern, I've definitely interacted a lot with their services and I can definitely say that they work really hard to ensure that UTS students are getting the best out of their, I guess university experience and getting the best out of UTS' network with industries and academics and partners and things like that and it definitely is a really good service. UTS Careers I guess provides a lot of different services to students, you know, they've got their drop-in centers where you can kind of come in with like a 15 minute session and go over your resume or cover letter or any kind of queries that you have regarding interviews or just jobs and like the application process. They definitely cover a lot of different topics, or they have more structured services like their Accomplish Award, which is a semester-long, I guess program, which allows students to kind of interact with industry, mentors and industry guests and really hone their skills in like, kind of interviewing skills or application skills and really just getting them ready for that initial process of getting a job. And they also offer other like events, and I guess programs which kind of run on a year semester basis. They've got different things that cater to different degrees, not just the Bachelor of Business, they've got, you know, Nursing, Engineering, IT all these different events that they run to kind of just help students really get out there, network and really expand their industry I guess connections and it's really, it really is helpful for students to kind of, you know, expand their networks that way.
29:07
Patricia, what would your advice be to students that are currently sitting their HSC?
29:14
The biggest thing that I would, I guess, say to current HSC students would, I guess be to not stress out too much. I know, this is such a, you know, classic thing that people say to all HSC students, like, you know, don't stress out, it's not the end of the world. But I think, you know, having gone through that, and really, you know, having gone through the first few years of uni, HSC really isn't the end like there are so many different pathways to kind of go through if you know, the HSC doesn't work out for you, if your ATAR doesn't meet the requirements for certain courses that you want, you know, there are a lot of different ways to kind of get to where you want to be. And I think while you're in the position, like we have the time, you know, do your research on alternative pathways to kind of just have this backup plan or contingency plan to make sure that you know, you kind of know what is out there to kind of get to where you want to be. And I think that's the biggest thing you could do to kind of relieve that stress, especially in your final year, you know, not having to worry about just, you know, focusing on your HSC as opposed to kind of worrying about whether or not you're able to get into uni. I think doing your research now would be such a good thing to kind of, you know, keep in the back of your mind as you're approaching those final few months. And really, just reassure yourself that, you know, it isn't the end of you know, your journey, it kind of is just a little point in the road, you can kind of go wherever you want to be as long as you kind of just know where your I guess end goal is.
30:38
I guess my advice and it kind of is related to the position I was in when I was finishing year 12. It's just, I guess, to keep in mind that it's okay to not know what you want. You know, when you come to uni, there are so many options. It's so flexible to change even between degrees, between unis, change your majors. I think it's just important to remember that again, like Patricia said, it's not the end, you know, you can work really hard for your HSC and get a mark and then start uni. And if it's not what you like, you can easily change. And that's exactly what you should keep in the back of your mind. I know a lot of people are apprehensive about coming to university if they're not fully sure about what they want to do. But sometimes it's really just a case of try before you buy, just give something ago. Even if you don't like it after one semester, usually, you can get credit for those subjects in a new degree and you can transfer into a different major, I just think it's really important to keep in mind that it's not the end, you don't have to know exactly what you want to do, you're not expected to know exactly what you want to do. It's okay to start something and just see where it goes. And there's so many options available to you moving forward to, I guess change or alter your study plan. And even if you don't want to stop now, if you want to take a gap year, just think about what it is that you're really after from your uni experience and I guess go from there. Things you like and things you're good at are a really good way to kind of start thinking about what you might like to try and then just go from there.
32:07
Jasmine, Patricia, thank you so much for your time. And thank you everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you have any questions, you can reach out to us via our social media channels, or you can contact us directly by phone 95143074 or email business@uts.edu.au. Thanks so much.
Undergraduate or postgraduate Business student?
Mature age or postgraduate Business student?
00:00
Well, thank you everybody for joining us for this video. Today we're going to be discussing the options that are available should you be choosing between an undergraduate and postgraduate study at UTS Business School. We'll discuss the relative merits between each of those and help you choose the one that best meets your individual needs. So my name is John Elliott, and joining me today are my colleagues Rachel Sidoti and Sam Nugent. Well, we all work within the marketing and student recruitment team here at UTS Business School. And between us we've had about, sort of, you know, a couple of decades of answering questions about this very topic, and we get this question quite a lot. So broadly speaking, if you had some professional experience, you may be considering either doing a bachelor's degree, such as a Bachelor of Business, or doing a postgraduate degree, either a Graduate Certificate as an entry point to a longer degree such as a Master's degree or maybe stopping at a Graduate Diploma. Now we have specific sessions and videos on each of our individual programs. So we're not going to go into too much detail about all of our programs today. But you can see just from the slide here, there's a massive range of programs available to undergraduate and postgraduate level, including our MBA, our Bachelor of Business and a whole range of combined degrees, mainly at the undergraduate level. At the undergraduate level at UTS Business School, we have our Bachelor of Business plus a range of other specialized undergraduate degrees and combined degrees. At the postgraduate level, we have our MBA, which is a little bit like the Bachelor of Business but at postgraduate level, plus a whole range of specialized programs across a whole range of areas like accounting, finance, business analytics, marketing, HR and whole range of management specializations. In terms of the experience that you need to get into a post graduate or undergraduate program, Rachel, the first big question we need to cover off is how much experience do you need to even consider doing postgraduate study with UTS Business School?
02:17
So for most of our Graduate Certificates, you need four years full time professional work experience, or pro rata for part time work experience. So just to reiterate, it needs to be professional work experience. So if, for example, you know, you've been babysitting since you were 12, and doing odd hours here and there, that's not something that we would generally take as professional work experience. As opposed to, if you're working in an office or something similar.
02:50
And do students need to sit some form of GMAT or anything like that to prepare themselves for postgraduate entry?
02:57
No, you don't need to sit a GMAT or do any kind of test for admission, you do need to produce documentation to validate your work experience. So you'll need to include your resume, as well as a statement of service from your employer.
03:10
For a lot of people choosing work over University straight out of school may have been a financial decision or based on their HSC results. What options are there for entry for people with professional work experience?
03:26
Yes, so the Bachelor of Business is the most popular choice for first preferences via UAC which means despite being a lot of offers made, this puts an upward pressure on ATAR cut offs, however for people with work experience, even only one year full time or equivalent, however recent, professional experience may receive five adjustment points to add to their original ATAR. So for people with more experience, but perhaps even no ATAR you can undertake a special tertiary admissions test, a STAT test, which is an online assessment ranging in the skills useful for university such as critical thinking, understanding and analyzing information, rather than specific academic content.
04:08
If you're eligible for both, whether you choose undergraduate or postgraduate qualification is dependent on your individual needs and your individual situation. So, some of the advantages of choosing a Bachelor of Business, for instance, over postgraduate might include the subjects that are taught, they tend to be at a fairly introductory level. We don't assume you've ever studied business before, or economics or anything like that when you're starting with the Bachelor of Business. And that broad core gives you a good understanding of all the business areas that you need to know. So even if you know you don't want to be an accountant, you'll learn enough within that program to be able to talk to the people who are accountants, as you progress through your career. With a three year bachelor's degree, there are roughly 24 subjects, usually, that give you the flexibility and choice so you can do two majors, you can do a major and sub majors, the whole range of electives. So it really allows you to pick and choose a program that suits your needs, and how those needs might change over the time. Now, that flexibility also extends to the way you pace your degree. We'll talk a little bit more about that later on. Another thing to consider is that undergraduate students tend to be a little bit more social. We have a very active postgraduate business society, but most clubs and societies tend to be focused on undergraduate students, especially our business society. This is because postgraduate students tend to juggle work and life with their study commitments, so they're less likely to, you know, kind of hang out on campus. Now that might be an issue for you or it might not, but it's worth considering. Another thing to consider is that the Bachelor of Business has a fantastic reputation. We had our first intake into this program in the mid 70s, and the alumni list of that is like a who's who in business. So you're joining a pretty elite group of people or business leaders in just about every sector, all over the world with a really well known qualification. And then the final thing you might want to think about for the undergraduate choice, is that undergraduate study being Commonwealth-supported tends to be a wee bit cheaper per subject. We'll talk a little bit more about that later as well.
06:36
Now for postgraduate, the advantages might include that most of our courses in postgraduate allow for career transition into new business fields, as well as building on your existing knowledge. So they assume that you're bringing a little bit of professional experience in there with you. Now, this is an important element in that the cohort that you're going to be studying with are going to be business professionals as well. And you'll find yourself learning as much from those students and their experience as you do working from our academics as well. Now, Graduate Certificates are only 24 credit points, which for most of our courses, means only four subjects. Now, what this means is that you can complete this full time in only one session or semester, or part time you can complete it in under a year. That's a great way to, sort of, get a qualification without necessarily committing to a long period of study for your degree, it also means that you have exit points along the way. So, for instance, even if you do want to do a full MBA, which is you know, 16 subjects or 96 credit points, if you decide after a year part time that you don't want to continue with that, you can actually exit with those first four subjects as the Graduate Certificate, or in many cases, halfway through with a Graduate Diploma as well. So it provides you that little bit of flexibility. By comparison with a bachelor's degree, if you exit before it finishes, you just don't have a degree. You have to keep going to get the whole Bachelor of Business, there's no diploma or anything like that halfway through. The only exception to that is the Bachelor of Business Administration, which is a unique program aimed at Indigenous Australian professionals. And the final advantage, potentially, of doing postgraduate is that you can specialize from day one if you like. If you know you need to formalize your knowledge in marketing, or supply chain management, or any of those sorts of things. You can actually do that from day one, get the knowledge you need right now to be better at your job. There isn't that need to get that broad education, it's really useful, but if all you know you want to do is just get your head around some really key concepts in one field, postgraduate might be a bit more useful for you in that. Now, undergraduate business study at UTS, as at all Australian universities, is Commonwealth supported or CSP funded for local students. Now, what this means for you is that in 2020, it's going to cost you $11,155 for a full time load, that equates to just under $1400 per subject. Now, in 2021, there's a proposal that that might go up a wee bit closer to $14,500, or just over $1800, for commencing, for students that might commence in 2021. But that's how much it's going to cost you to do an undergraduate business qualification anywhere in Australia. By comparison, postgraduate study at UTS, and all Australian universities in business, is not, it's funded entirely by you the student. So, the fees can tend to be a little bit higher. And they're certainly worth having a look at all the different universities to see how the bigger ranging fees, but UTS, again, in 2020, our fees for the full year are about $32,500, or just over $4,000 per subject, it's going to be a nominal increase in 2021, in the range of about $100 per subject. But while you pay more per subject for undergraduate study, you do less subjects so that difference isn't quite so pronounced. So at 2020 prices, a full bachelor's degree is going to set you back about $33,500, an MBA will cost around $65,000. But we have shorter programs and specialist degrees that are closer to that sort of $45 - 49,000 mark, which means that the difference between an postgraduate qualification, in many cases, and an undergraduate degree isn't quite as pronounced. Now, really importantly, if you're an Australian citizen, regardless of whether you're doing undergraduate or postgraduate, you can use Study Assist to defer those fees and then pay them back later on when you're earning money etc. Coming back to university is more than just a financial commitment. It's also a commitment in time. So Sam, do both of the options allow you to study at night time?
11:37
So yes and no, John. Our postgraduate courses are specifically designed to fit around the working lives of professionals. So they're either taught at night, on weekends, or in an intensive block. You can definitely continue to work full time while doing a Graduate Certificate or Master's degree. There are some undergraduate subjects taught at night, but, especially when you get down to the elective subjects where there are typically less students, you'll need to come in during the day for some of them. You can check out an idea of what your timetable will look like just by googling UTS timetable planner, and then seeing when the subjects are taught. You'll need the subject codes or the names, so make sure you've got the UTS handbook open as well or the course website.
12:18
And Rachel, how many hours per week are we looking at, to study for either undergraduate or postgraduate?
12:25
So, it all depends on how many subjects you're doing per session. So, if you're enrolled as a full time student, that generally means that you do four subjects per session. Each subject is three hours of face to face learning. So, if you're enrolled as a full time student, and you're doing four subjects, that's 12 hours per week of face to face classes. If you're only doing part time, which is what a lot of our post grad students do, which is two subjects, so six hours across the week, face to face, you can do that. And you can generally choose to vary how many subjects you do each session. So, you might want to do four in autumn. You might be really busy at work, so you might choose to do two in spring, and then maybe pick up one over the summer. So, it doesn't change, again, in terms of those face to face hours. But you can stagger your timetable that way. So, that's how it works in terms of formal teaching. In terms of the study that you do outside of formal classes, the general rule is one and a half hours for every one hour of face to face content. So, this can be quite subjective. It really depends on your affinity with the subject matter. So, if you're really great at maths for instance, and you're studying business statistics, that content may come a lot more naturally to you. So, you may not need to spend as much time on it. It also depends on what you want to get out of your degree. So, if you're really aiming for a high distinction or distinction average, then generally you'd need to put in a lot more time than someone who just wants to get a pass and just wants that piece of paper. So, it's really up to you. But the advice is always the more you put in, the more you're going to get out of it. And that's what our recommendation would generally be as well.
14:24
Now, Rachel, does it cost more or take longer to do a Master's degree using the, sort of, Graduate Certificate as a, sort of, an entry point into them?
14:36
Absolutely not. So, with the Graduate Certificate, it's what we call a nested degree, which means that it's the first generally four subjects of the master's degree. So, you'll be sitting with students that are doing the Graduate Diploma or Master's, it's all the same content. The only thing you need to make sure you do is satisfactorily pass those subjects and then it's just a simple matter of applying through the Student Centre and completing the remainder of those subjects.
15:06
So, depending on your situation, there is no right or wrong answer to whether you should do an undergraduate or postgraduate qualification. But there are a couple of things that you might want to consider when thinking about it. One of these is your age. Now, the average age of people commencing an undergraduate degree is somewhere between 17 to 21. So, you're going to be studying with a much younger cohort there. The average age of people commencing postgraduate ranges fairly significantly from sort of mid 20s right up to the late 30s, depending on the program. So, what you need to think about is what age group you're going to be more comfortable studying with, hanging out with, you know, learning with, etc, as you go through your degree.
15:55
You might also want to consider how much time you have. So if you're studying part time, a Bachelor of Business can end up taking six years or more. Whereas if you're looking at doing a Graduate Certificate, even part time you can you can finish that within 12 months.
16:12
Lastly, we would say whether the specialization you want is available an undergraduate or postgraduate level. For example, financial planning, business analytics, behavioral economics, strategic supply chain management are all only available at a postgraduate level. Whereas tourism and digital creative enterprise management are only available within the Bachelor of Management.
16:34
So, in summary, whether you choose to study undergraduate business or postgraduate business, may come down to a couple of things that might come down to what program you're eligible for, which one suits your interests the most, which one suits your availability, the amount of time you're willing to commit to study, and ultimately, what experience you want to get out of the investment you're making in designing your professional future. So lastly, Rachel, what's your tip for students about making that final decision about which course is right for them?
17:09
My tip would be to do your research and make sure you explore all your options to find out what's best for you. So check out brochures, course videos, talk to our academics, get in touch with your colleagues even as well and just chat to anyone and everybody, just to make sure that you make the right decision for you.
17:31
My tip would be to just do it. The sooner you do it, the sooner all the benefits of higher education, such as more confidence, greater control of your career, career position, progression, can all be enjoyed. We talked to a lot of people who regret not doing this sooner. So, you can even start some courses in summer if you're interested.
17:49
Well, thank you so much, Rachel and Sam, for your insights today. And thank you for watching this video. Just by taking the few minutes to watch this you're making a big step in making the right decision to help you into the future. So what are your next steps? Check out our course content. We've got videos on just about all of our courses, you can go on to our website, drill right down into individual subject descriptions, everything you need to know is online. Make that decision, and as Rachel said, make an informed decision. If you have questions about our courses, or you need help making that decision, please contact us using the details you can see on the screen here. We also recommend that you register for one of our upcoming events where you can ask more questions and perhaps hear from our students and our academics, about their experiences as well. And finally, just make sure that you apply. Applications are now open for postgraduate students who apply directly with UTS online. It's totally free. It takes about 20 minutes to half an hour to get that done. For undergraduate students, you apply through UAC, and you can see the link on the screen now for that as well. Thank you so much and good luck with your decision making.
Undergraduate degrees
Bachelor of Accounting
TBA
Bachelor of Business
Dr Anurag Hingorani
Hello, everyone, welcome to the Bachelor of
Business Information Session.
My name is Dr. Anurag Hingorani.
And I'm the Bachelor of Business course director.
Dr Anurag Hingorani
So what is the Bachelor of Business?
It is what we call a Bachelor of Commerce.
But we have not used the term commerce, perhaps
to acknowledge that there is more to business
than just commerce, the exchange of goods
and services, we have also retained the name
Bachelor of Business, because you don't own
a commerce, you own a business.
The Bachelor of Business course, is a very
flexible course.
And you'll see how flexible it is.
When I talk to you about the different ways
in which you can structure the Bachelor of
Business course.
It is also a professionally focused degree.
And I'll also talk about that a little later.
Dr Anurag Hingorani
So why should you study business at UTS?
As mentioned, it is a practical course and
you will gain real world practical skills
when you complete various subjects and assignments.
We bring industry into the classroom.
Industry oftentimes provides real world projects,
which students can create as part of their
coursework.
We also have guest speakers from industry.
So it's not just about business theory, but
it's also about business practice, and you
gain exposure to that in a variety of ways.
You also use a variety of business tools to
complete different assessments.
Why should you study business at UTS?
Another reason is, we want our graduates to
become socially conscious business leaders.
As you know, businesses are in business, to
be accountable to customers to shareholders,
but we also want businesses to be accountable
to the public at large, it is no longer business
as usual, businesses should not be concerned
just about profit or customers or shareholders,
they also need to be concerned with society
at large.
And we in fact, have a specific subject dedicated
to this topic.
Dr Anurag Hingorani
As mentioned, this is a practical course,
we are industry connected.
And as you might already know, we are located
where industry is located.
So that provides opportunities for connections
with industry.
Perhaps when you complete a business internship
as part of your course, we also bring to the
classroom industry speakers, guest speakers
from industry, who impart their knowledge
and contemporary knowledge to students.
Now, business internships is an elective subject
or an option that students can complete.
They are available in almost all majors.
And you can also do it as part of an elective.
So it's like a win win, you're getting internship
experience, but you're also getting course
credit for a business internship that you've
undertaken.
Dr Anurag Hingorani
So in the business course, we cover every
field of business - Accounting, Economics,
Finance, Management, and Marketing.
And we also look at some related fields in
business as well, such as Human Resource Management,
International Business, Advertising, and Marketing
Communications.
The Bachelor of Business course, as I've said
before is very flexible.
And the flexibility is derived from the different
ways in which you can structure the Bachelor
of Business course.
Dr Anurag Hingorani
There are six different ways in which you
can structure your Bachelor of Business course.
And that also gives you choice; gives you
variety.
Of course, in the first year, all students
do a set of eight core subjects.
So you do not have to make any decisions about
structuring your course in the first year,
because that decision is made for you.
All students do the same set of eight core
subjects.
Dr Anurag Hingorani
So what are the eight core subjects that all
students do in their very first year?
They range from Accounting to Economics, Finance,
Management, Marketing, Statistics, and we
have recently reviewed the Bachelor of Business
course and have introduced a subject called
Business and Social Impact.
As mentioned before, we want students to be
socially responsible leader, you want our
graduates to become socially aware.
And in the subject Business and Social Impact,
students learn how businesses contribute to
the public good society at large.
In some of our other subjects, we of course,
look at traditional business fundamentals.
So for example, in marketing, we look at the
four P's of marketing, of course, but students
also get an appreciation for the different
viewpoints or different considerations of
a customer.
So you might be familiar with the four P's
of marketing, but you will be looking at the
four C's as well, when you take up the subject
marketing and customer value.
So for example, let's say a restaurant owner
sets a price for a menu item like lasagne,
that is the price component of the four piece
of the marketing mix.
But let's say the consumer is ordering that
online and wants it delivered.
So it's not just the price of the lasagne,
which would be a consideration for the consumer,
it would also be the cost it takes to deliver
that lasange to them, also the cost it takes
them or the time it takes them to enter their
order details, for example.
So it's not just about price.
It's also the cost from the consumers perspective.
Dr Anurag Hingorani
In the subject, People and Organizations,
students look at leadership from different
perspectives.
They look at leadership in terms of how they
can navigate within an organization, right
from the get go as they commence their career
journey.
In Accounting, you look at accounting from
multiple perspectives as as well from an outsider
looking in as well as an insider perspective.
So as mentioned, in the first year, all students
will be completing the same set of eight core
subjects.
So you do not have to make any decision about
how you should go about structuring the rest
of your Bachelor of Business course.
Dr Anurag Hingorani
So in the second and third year, you will
be commencing a Major.
So in the first year, everyone does the same
set of eight core subjects, but from the second
year you will come in as a major.
And then depending on which structure you
end up choosing, you might also be completing
some majors.
Now, as you can see in the slide, there are
a range of majors you can choose from, you
have the usual majors of Accounting, Economics,
Finance, Management, Marketing, but you also
can choose Human Resource Management, International
Business, Advertising and Marketing communications.
In terms of sub majors, you can see the large
number of sub niches that are on offer, there's
30, plus sub majors that you can choose from.
So I've said that the Bachelor of Business
course is very flexible, because there are
six different ways in which you can tailor
your decree, I'll be going through each option,
one by one, there are six different ways.
Dr Anurag Hingorani
So the first way is where you add a second
major.
Now, I said that in the first year, all students
will be doing the same set of eight core subjects.
So you're not making any decision about your
BBus structure, the rest of your BBus structure,
that decision is made for you in the first
year.
So no worries, right, you don't have to make
a decision.
But commencing from the second year, you have
to decide on a major.
And I've talked about the fact that you can
choose from eight different majors.
But then for the rest of the course, in option
one, you might decide apart from one major,
you want to do another major, a second major.
So this is option one, where you do a second
major.
And for a second major, you can choose any
of the business majors I mentioned previously.
Or you could also choose Business Law or IT
has a second major.
You cannot do Business Law or IT as your first
major but you can choose it as a second major.
Let me give you an example.
Let's say you've done the core.
Then you choose Marketing as your first major.
And with this structure, you decide on Finance
as your second major.
So as far as you're concerned, you're doing
a Marketing major and a Finance major.
In a sense, this is like getting two degrees
in what it isn't, of course, you're just getting
that one Bachelor of Business course and one
Bachelor of Business degree.
But in a sense, by doing two majors, you're
specializing in two different fields.
And it's almost like getting two degrees in
one.
But it's not two degrees, it's just one degree.
So this is an option for students who know
what they want to specialize in.
And they know that they're interested in marketing
and finance.
And upon graduation, they might just look
for marketing related jobs, because they've
majored in marketing.
Or they might just look for finance related
jobs because they majored in finance.
Or they might try to marry the two and perhaps
take a marketing role in say, a finance financial
institution, like a bank, a superannuation
fund, insurance provider, etc.
So this is one way of structuring your Bachelor
of Business course, where you choose to major
so you decide to do a second major.
Dr Anurag Hingorani
This is another way of structuring your Bachelor
of Business course, with option two, you're
not doing a second major, but you're choosing
two sub-majors.
A sub-major is four subjects, a major is eight
subjects.
So in this example, you're all doing the first
year, then you've chosen a first major.
But instead of doing a second major, you're
doing two sub-majors.
In other universities, you might hear a sub-major
being called a minor.
So that's what this is.
It's not a major, it's a minor, but we call
it sub-majors.
So you're doing two sub-majors.
So using the example of marketing major as
your first major, in this scenario, you do
marketing is your first major, you might choose
Accounting sub-major as one of your sub-majors,
and maybe Management as a sub-major.
So you're not doing a second major, but you're
doing two sub-majors with this option.
Dr Anurag Hingorani
With this option, option three, you're not
doing two sub-majors, instead, you're doing
one sub-major, and four free or unspecified
electives.
So using the marketing, major example, you've
chosen marketing is your first major, then
you might do accounting as a sub-major, and
then you do four free or unspecified electives.
They are not free in terms of finances or
money.
But it's an unspecified elective.
That's what we mean by free elective.
So with the four electives, you might choose
one subject from economics, one subject from
human resource management, one subject from
faculty, perhaps another elective could be
from another faculty.
So you're mixing and matching different things
when you're choosing your electives in this
structure.
So this structure is one way, you're not doing
a second major, you're not doing two sub-majors,
you're only doing one sub-major plus four
free, or unspecified electives.
Dr Anurag Hingorani
This next option, option four is a new option
that we introduced in 2022.
In this option, you're not doing a second
major, you're not doing two sub-majors.
You're not doing one sub-major and four free
elevtives.
Instead, you're doing eight free or unspecified
electives.
So using the marketing major example, so you've
chosen marketing as your first major, and
then you're picking and choosing subjects
electives from different areas of business.
It could also be from different areas in the
university from different faculties.
Of course, when you choose these free or unspecified
electives, you've got to make sure you meet
the entry requirements for a particular subject.
Subjects typically have entry requirements,
which we call prerequisites.
So even though you can do eight free or unspecified
electives, whichever letters you're interested
in whichever faculty you're interested in,
you've got to make sure that you meet the
entry requirements for a subject.
So just to illustrate this further, so you
decide on marketing is your first major, then
you might do one elective from accounting,
one from economics, one from finance, one
from management, one from it, one from science,
one from nursing, if that strikes your fancy.
So that's what we mean by eight free or unspecified
electives.
Dr Anurag Hingorani
As I said, the Bachelor of Business course
is very flexible, I'm going to be talking
about two additional ways in which you can
structure the Bachelor of Business course.
Dr Anurag Hingorani
So with Option five, you are doing an Extended
Major.
And a major is eight subjects.
And extended major is 12 subjects.
And extended majors are available in accounting,
economics, finance, management, and marketing.
So you might be a student who knows that they
only want to specialize in one area, and you
decided that's marketing, but you will be
doing an extended marketing major.
Now, if you do an extended marketing major,
that means you're doing 12 subjects within
the extended major, that then gives you an
option to include a sub major along with the
extended nature.
So you might do an extended marketing major,
maybe a sub-major in finance.
Dr Anurag Hingorani
And the last way of structuring your Bachelor
of Business course, is where you're again,
you decided you want to do an extended major.
But instead of doing a sub-major, you decide
you want to do four free or unspecified electives.
Dr Anurag Hingorani
So like I said, the Bachelor of Business course
is very flexible, you can see that there are
different options or ways in which you can
structure your course.
One thing I could mention is, the course is
flexible in that; let's say you start start
out with a major, let's say you decide to
do it in marketing as your first major.
And typically, you will start by doing four
subjects within the marketing major.
And after you've done this four subjects within
the marketing major, you decide now, that's
marketing is not for you, or you're not doing
well in those subjects.
You're not stuck doing a marketing major.
If you're feeling that way, you can then decide
on another major instead of marketing.
So you decide you want to do management, perhaps.
But now you have already completed the four
subjects within the marketing major.
What happens to those, those don't go to waste.
Depending on the marketing subjects that you've
completed, those could potentially convert
to a marketing sub-major, or those could be
counted as four free or unspecified electives.
So this is another way in which the course
is flexible.
You might start a major and then decide it's
not for you.
All is not lost, you could change to another
major.
And then the subjects you've completed with
your previous major would count towards either
a sub-major or four free or unspecified electives.
Dr Anurag Hingorani
So in the Bachelor of Business course, maths
is not a prerequisite.
However, there is assumed knowledge in maths.
What I like to say is if you know what Mean,
Median and Mode is, that's great.
That's what we mean by assumed knowledge.
However, if you haven't studied maths you
can take advantage of U-Pass.
U-Pass is peer assisted study sessions; this
is a student learning program; delivered by
students for students.
So if you don't have the necessary maths skills,
you could also sign up for bridging courses
offered by the university.
But maths is not a prerequisite though there
is assumed knowledge in maths, we certainly
don't expect you to have the maths knowledge
that you see on the graphic there.
Dr Anurag Hingorani
So far, I have been talking just about the
Bachelor of Business course.
But some of you might be interested in combining
the Bachelor of Business course with some
other courses with some other degrees.
As you can see we have a range of combined
degree options You will see that some have
four year duration, some have a five year
duration.
Typically, if it's a four year combined degree
course, then for the Bachelor of Business
component, you will only be doing the Bachelor
of Business core and one major, you won't
have the other options which I've talked about
in terms of four unspecified electives, eight
unspecified electives, sub majors etc.
Dr Anurag Hingorani
So when you're doing a combined degree that
is of a duration of four years, you will typically
just be doing the Bachelor of Business core
subjects, plus one Bachelor of Business major.
With the five year combined degrees, you have
the option of structuring your Bachelor of
Business course in different ways, as I've
already talked to you about.
Dr Anurag Hingorani
Now, most of the combined degree options are
with other Bachelor degrees.
So you're doing a Bachelor of Business with
Bachelor in Biotechnology, you're doing a
Bachelor of Business with Bachelor of Creative
intelligence and Innovation, so on and so
forth.
However, there is one combined degree with
the Bachelor of Business.
And that is the Master of Teaching in Secondary
Education.
But typically, most of the combined degree
options are with other Bachelor degrees.
Dr Anurag Hingorani
Now, if you don't want to do a combined degree,
you just want to do a Bachelor of Business.
There are some degree add-ons that are available
to you.
And there's one that's called Diploma in Languages.
So if you're interested in international career,
you want to develop your language skills,
then you might consider doing a Diploma in
Languages as an add on to your Bachelor of
Business course.
Or you might wish to do a Diploma in Innovation.
This add-on is available to any undergraduate
university student at UTS.
And you will be doing subjects that are offered
in the Bachelor of Creative Intelligence and
Innovation, if you complete this Diploma in
Innovation as an add-on to your Bachelor of
Business course.
Dr Anurag Hingorani
Now, early on, I said that the Bachelor of
Business course is a professional course;
majors are accredited by professional bodies,
and you will see we have accreditation from
Accounting bodies, the Human Resource Institute,
for example, and apart from our course being
flexible, it is also highly professional course.
Dr Anurag Hingorani
Now UTS is offering an Early Entry program
into the Bachelor of Business program or Bachelor
of Business course; where you use your year
11 results to enter UTS.
You have to apply to the UTS online application
portal.
It is free to apply and you only need to apply
once.
Offers are made on your preferences and based
on your year 11 results.
Other information is up on the slide.
Dr Anurag Hingorani
Now my top tip for students considering studying
the Bachelor of Business might be straightforward.
And it isn't necessarily a tip for the Bachelor
of Business course; it is a general tip for
students considering University study.
And what is my top tip?
It is make University your priority.
Now you might think what is what does he mean
by this make University your priority?
Well, for one, you're at university for a
limited time period.
You're at University for a limited period
in your life.
So make the most of what university has to
offer you should focus on your academic studies,
but also make use of the different associations
and clubs that are available to you.
When employers look for students or potential
employees, of course they will take a look
at your academic results your academic performance,
but they're also looking at well rounded individuals
and by participating in different clubs and
associations, you will be developing different
skills or to come in handy in the workforce.
So my top tip to you is, get involved with
these different clubs and associations.
Participate in your academic studies.
Make your diversity a priority.
And I know many of you do have a lot of competing
priorities.
But I would urge you to please please make
your diversity a priority, because you will
be spending just a few years at university.
Dr Anurag Hingorani
If you'd like more information, please don't
forget to download our Business Undergraduate
Course Guide for 2023.
Dr Anurag Hingorani
If you'd like to contact us, you can contact
us via Facebook, Instagram, and via email.
The contact details are up there.
Thank you, everyone.
Bachelor of Economics
Erica - UTS Business School
Hi, everyone. Thank you for joining us today where we will be talking about the Bachelor of Economics here at UTS Business School. My name is Erica and joining me is Associate Professor Olena Stavrunova.
Associate Professor Olena Stavrunova
Good day everyone. My name is Olena Stavrunova and I'm here to talk to you about economics and the Bachelor of Economics course here at UTS.
Erica - UTS Business School
Now, Olena, economics is a broad topic that touches on a number of concepts. What exactly would you say economics is all about, say in a nutshell?
Associate Professor Olena Stavrunova
Okay, so it's a very broad discipline. So it's very hard to describe in a nutshell. But first and foremost, economics is a social science, which takes a very rigorous approach to analyzing and understanding economic and social issues. In particular, economics focuses on two big questions, how individuals from societies make decisions to allocate scarce resources to meet their needs and wants, and how economic incentives shape behavior. And second question is, what are the consequences of economic decisions for social welfare? And how can government policies change economic behavior and welfare? Understanding economics is very important. It's fundamental for making good business decisions, good government decisions, careful study of social issues.
Erica - UTS Business School
So Olena, why should students study this discipline?
Associate Professor Olena Stavrunova
Okay, so there are many reasons why students should study economics. One of these reasons is that economics graduates are very highly employable. They have very diverse employment opportunities in industry and government, they also have great further education opportunities, in tertiary education sector, as Honours program, Master's degree or PhD degree. I should say that most graduate recruitment programs in large organisations employ economists Be it financial institutions, such as banks, consultancies, government departments, and so on. Why are economists valued? They are valued because they have excellent analytical skills. They're valued for their ability to work with data and for a systematic approach that they take to understanding the issue or problem. Another reason why you should study economics, economics is a very broad field of study that has applications to many industries, not only the traditional ones, such as banking, finance, consulting, but also health, education, sports, urban development, and so on. This means that you can pursue many passions and interests while studying economics, and that your potential career path after economics degree can be very diverse and can be chosen to suit your passions and interests. Some interesting economic challenges and social issues that economics can help solve. For example, inequality. One of the biggest economic challenges of modern times is a growing economic inequality has been rising share sharply over the last few decades. Economics will help you understand the reasons behind the recent rise in inequality, consequences of inequality for people and societies and policy options that exist to tackle this issue. Another important social problems that economics can address is climate change. Reduction in green house gas emissions is the key to reducing global warming. And the main question is how governments across the world can create incentives for companies to reduce emissions. Since economics is all about economic incentives and behavior, and how they affect behavior, understanding economics is crucial for being able to formulate effective policies for combating global warming. Another issue where economics can help is understanding wage gap. What explains gender wage gap? What is the relative cost of labor market discrimination, and differences in productive characteristics of men and women that contribute to the existing wage gap that we find here in the labor market? Economics subject Labour Economics will help you understand this issue a little bit better. And so another example where economics is helpful is in understanding the implications of a trade war between the US and China, and economics fields, such as macroeconomics, international trade, and game theory provide more insights on this issue.
Erica - UTS Business School
Thanks, Olena. It's obviously got many, many applications to many global issues. And I guess one specifically relevant one to us right now is with the COVID situation that's happening all around us. How would you explain economics relevance to that?
Associate Professor Olena Stavrunova
Indeed, the current COVID crisis is a complex crisis affecting public health and the economy profoundly. And economists have been heavily involved in debating about and formulating policy responses. Sometimes when you listen to those debates, it may seem like the debates about health versus jobs or health versus economics, but in fact, it is not like that. In developing economic policies, economics and economists seek to maximize social welfare, and this welfare includes the value of people's health and life. So it's not health versus economics, it's how to choose a policy that maximizes the value of both. One of the interesting things about the current situation is that is a classic case of the market with externalities, which we know would not function really well without government intervention. So if someone catches viruses, they'll have a negative effect on the people around them. So the situation is not socially optimal. And one way the government can solve this problem is by limiting the behavior, which results in an externality. This is why we have lockdowns, lockdowns is a way for the government to improve the behavior which is currently not socially optimal. And then, other policies implemented during COVID are also founded on economics. For example, programs such as JobKeeper and JobSeeker, are an example of the fiscal policy that governments often engage in during today's economic downturns. So to understand and contribute to political debate during the current era it is important to be well versed in economics.
Erica - UTS Business School
Wonderful, thank you for that Olenaa, it's clearly a very important time to be learning about these kinds of things. But other than that, what other skills could students expect to gain from studying economics?
Associate Professor Olena Stavrunova
It is well known that students who have completed an economics degree are regarded as analytical thinkers, they tend to be professionals who are very skilled in working with data, who know how to produce problems systematically, how to pinpoint important aspects to put aside unimportant ones, and how to take into account interplay between different factors. But they also learn about the variety of economic, business, and social issues where an economic approach can provide effective solutions. The Bachelor of Economics program is very applied. Most of our subjects will include case studies and some real life applications of tools and techniques that the students learn throughout the degree. And as I was saying earlier, because economics is such a general field, the skills that economists have are valued very broadly, among a variety of industries, employers and occupations.
Erica - UTS Business School
It seems like a very interesting area of study, that's for sure. And you can study economics at a number of different universities. But why should students come to UTS to study this discipline?
Associate Professor Olena Stavrunova
Well, there are many reasons why you should study economics at UTS. First, economics department at UTS is still a very young department, in fact, we're celebrating our 10th anniversary this year, but we've been consistently ranked among the top economics departments in Australia for research in such fields as economic theory, econometrics and applied economics. So taking an economics degree in UTS means that you will be learning from nationally and internationally recognized experts in this field. Second, not only we're great in research, we are also great at teaching economics. Our lecturers, our academics are highly regarded as engaging and innovative educators, they tend to have high student evaluations, SFS, they win many teaching awards at the level of the Business School, University, and nationally. Another advantage of studying economics and business at UTS is its geographic location, just 10 minutes from Central Station so it's easily accessible from all Sydney suburbs. Also, it is close to the CBD. So it's convenient for students who want to combine work and study, but also the engagement opportunities that faculty here and students have are fantastic. We have all sorts of things for the students in terms of engaging, including mentoring programs, research partnerships, alumni events, guest lectures, recruitment events, and so on. And these activities stem not only from our geographic proximity to the CBD, but also from the concerted effort of many economics academics to create strong links.
Erica - UTS Business School
Now, the Bachelor of economics is a very flexible degree as we can see in the possible structures that are shown here. Olena, are you able to talk through how students can choose to structure their degrees?
Associate Professor Olena Stavrunova
So, indeed this as a quite flexible degree. So what components does it consist of, so there are 11 core economic subjects, these subjects will equip with you with some fundamental skills of economic analysis that are essential for any economist in any sector or role, then you can choose three economics elective subjects. And we have a wide choice of electives, about 10 subjects. We have labour economics, public economics, market design, economics of monetary policy, and many others. So you can tailor your choice of electives to your tastes and preferences. Then you have the freedom of what to study in 10 subjects not allocated to economics curriculum. Here you have three options, you can use these subjects to specialize or to major, in one other business discipline, for example, such as finance, or marketing, and many others. To major in any of these disciplines, you have to complete eight prescribed subjects from this discipline. Or you can do option two, to submajors by completing four prescribed subjects from each of the two disciplines of your choosing. Or finally, you can do option three, one submajor plus six elective business subjects, which means you will take four prescribed subjects towards the chosen sub major, and you can take any six subjects from across the Business School, so it's very flexible and you can indulge your interests and passions while doing our economics degree.
Erica - UTS Business School
So to start their degree students undertake a number of core subjects, what kind of knowledge do you think they will gain from these subjects?
Associate Professor Olena Stavrunova
Like I said, these four subjects will equip you with fundamental skills of economic analysis. For example, in Introductory and Intermediate Microeconomics core subjects, students will learn to analyze economic behavior of people and finance and their interactions in various types of markets. In Introductory and Intermediate Macroeconomics core subjects, you will learn about the behavior of the economy as a whole. You will learn about concepts like GDP, unemployment, inflation, interest rate, monitoring, fiscal government policies, economic growth, and so on. There are also three subjects in the poll in which you will learn how to analyze quantitative data for economic and business decision making. These include Business Statistics, and econometric subjects, Introductory Econometrics and Empirical Methods for Policy Evaluation. The economics core also includes the subject Quantitative Methods in Economics and Business, where you will learn mathematical tools, you will need throughout the degree. If you think that your math is not good enough to succeed in economics, please do not worry, we will teach you all the methods you need for the degree in this subject. Another core subject is Strategic Decision Making. In this subject, you will learn to analyze strategic interactions between market participants. The ideas and methods of game theory are particularly applicable to social, business, or economic situations, where you have small number of players or participants, and the roles of any participant depends on the strategies or behaviors chosen by other players. For example, in economics and business these ideas are useful for understanding competition and collusion between companies, auctions, formation of social networks, trade wars between countries and so on. Behavioural Economics is a new core subject, which we will discuss in a couple of slides. It's an important subject that we're very proud to have as a core from 2022, from next year. Also, towards the end of the course, you will complete an economics capstone, a subject where you will learn how to analyze economic policy using real life case studies and scenarios. We will talk about this subject in detail as well in the next couple of slides.
Erica - UTS Business School
Thank you for that Olena. So one way of structuring the degree as you've mentioned earlier would be for students to choose a major, are you able to briefly touch on what a major is and how that would complement the study of economics?
Associate Professor Olena Stavrunova
A major is a specialisation in a non economics field of study. And this slide shows the majors that are available with the Bachelor of Economics. Some of the popular majors among our students are finance and marketing, because these disciplines have a lot of overlap with economics in terms of the social and business phenomena that they study as well as the logical approaches. But if you are interested in other fields, you will not be disadvantaged by choosing a major in say, business law, management or IT. Major is about diversification, acquiring different skills than what you learn in the economics degree. It's also about complementarity, acquiring skills that will complement or help your career path in economics.
Erica - UTS Business School
Another way of structuring the degree would be to choose one or two sub majors. So what exactly is a sub major, Olena?
Associate Professor Olena Stavrunova
A sub major is also a specialisation in non-economics study, but it's not as deep and profound as the major. To complete a sub major, you need to complete 4 subjects, 4 prescribed subjects from that discipline. And you can complete two sub majors. And again, you're free to choose the sub major that you want. With economics, I think submajors such as statistics, information, technology, marketing, finance, would work really, really well.
Erica - UTS Business School
So as you mentioned, new for 2022 is the subject behavioral economics. What exactly is this subject all about? And what are the benefits in studying it for students?
Associate Professor Olena Stavrunova
We're very glad to offer behavioural economics as a core subject in our Bachelor of Economics degree. So the behavioural economics perspective recognises that people are not calculating machines who always make rational decisions with the sole purpose of maximizing their economic well being. Behavioural economics studies how non economic factors such as psychological, cognitive, emotional, and social factors affect economic decisions. The importance of the behavioural approach has been recognised by researchers and academics in the majority of fields in economics, such as financial economics, public economics, labor economics, health economics, industrial organisation, to name a few. Several Nobel Prizes have been awarded to economists for doing research that advances the behavioural economics perspective. The behavioural approach is also increasingly popular in government and industry, where behavioural economics units are being created to inject this perspective into solving policy business problems. Nowadays, any economics graduate should have a good grasp of behavioural economics. Because this is where research and industry are going. We are confident that giving behavioural economics more prominence in the Bachelor of Economics degree will make our graduates more employable. Also, I would like to add that UTS is a great place to study behavioural economics. UTS Business School and economics departments are lucky to have several academics with stellar international research and reputation in behavioural economics. These academics also have an excellent track record of engagement with industry and government. Furthermore, we have a state of the art Behavioural Lab where students can engage with behavioural research as part of their the economics curriculum, as well as their extracurricular activity. And finally, we have the Behavioural Economics Student Society where students can network, connect and take part in various activities related to behavioural economics.
Erica - UTS Business School
So the capstone subject for the Bachelor of economics has recently been revised. Olena, what exactly is a capstone and what do students do in this subject?
Associate Professor Olena Stavrunova
A capstone subject is a third year subject that students take towards the completion of a degree, it is, so to speak, a crown jewel of the degree, where students learn to apply their analytical and data modeling skills to analyse important, real world, economic and social issues. So they study issues like economic inequality, gender pay gap, labor market discrimination, socio-economic disparities in educational attainment and health status, environmental degradation, Indigenous matters, and other topics. In this subject, the students use real world case studies to develop skills in evaluating existing policies, in the areas I've mentioned, as well as in formulating new effective policies to existing economic and social problems.
Erica - UTS Business School
Our economics alumni end up working for some very impressive companies as well as government departments. Olena, are you able to provide a bit more detail about what kind of jobs students can expect to gain after finishing the course?
Associate Professor Olena Stavrunova
Yes, of course, Erica. Economics alumni end up everywhere, in every sector of the economy. You can probably find an economics alumni even in policy, and antiterrorist departments in law enforcement. But they are particularly concentrated in the corporate world, such as financial institutions, banks and consultancies. Some of the biggest employers ofour graduates are the big Australian banks and consulting companies, but our graduates also work in other sectors such as insurance, logistics, energy, real estate, public sector, and others. I should say that quite a number of our alumni end up in the public sector in places like Treasury, Reserve Bank, Department of Education, Department of Health, and others. Economic graduates can be employed in a variety of roles including economist, financial analyst, investment analyst, market analyst, data analyst, researcher, policy analyst, and many others. You see, the job title economist is only one among a variety of career paths that economics graduates can take.
Erica - UTS Business School
So many students choose to do a combined degree. Maybe because they are interested in two separate fields of study. They might want more diverse career paths, some aren't too sure what they want to do after they're finished with university. What are some of the combined degree options that are available to them, Olena?
Associate Professor Olena Stavrunova
Starting from 2022, we have three combined degree options that are available with a Bachelor of Economics. First double or combined degree option is the Bachelor of Economics, Bachelor of Laws. This is a five years study. And it is for students who want to become lawyers with thorough knowledge of economics. This kind of a skill set is very variable if one wants to practice business or taxation law. The two other combined degrees are the new combined degrees which we launched in 2022. The Bachelor of Economics, Bachelor of Sustainability and Environment is a four year degree. It is a natural combination of degrees for students who are interested in economics and environmental issues. This degree will produce economists with specific skills to analyse economics decisions and policies in the areas of sustainability and environment. The Bachelor of Sustainability and Environment component will provide knowledge of natural and social sciences, and political landscapes that pertain to sustainability environment. This double degree opens up careers in companies and government agencies engaged specifically with issues of environment, cultural and social sustainability, climate and sustainable development. And finally, the combined degree Bachelor of Economics, Masters of Teaching in Secondary Education is a unique offering in New South Wales. Upon completion of this degree, graduates will have Bachelor of Economics and Masters of Teaching in Secondary Education, and can be qualified to teach Business Studies and Economics in New South Wales secondary schools. So if you're interested in pursuing a career as a high school teacher focused on Economics and Business Studies, this option is right for you.
Erica - UTS Business School
Thank you for that Olena. And there are some other ways to add to your degree other than doing a combined program. If students want to diversify their degree with some additional skills, they can choose to do a diploma or they can go on exchange. So we have a couple of options on our screen here now, we've got the Diploma of Innovation, which is an exciting opportunity for students who want to add interdisciplinary skills to their degree. It borrows from subjects that are taught in the Bachelor of Creative Intelligence and Innovation course. So it's a great way of diversifying their skills, learning about creativity in the workforce and how they can innovate in their chosen field. We've also got the Diploma of Languages, so if students want to gain language and cultural skills, this would also be excellent if they wanted to work overseas or pursue international options in their career, it can help them build a professional identity and a range of capabilities to prepare them for working in international environments and with you know, different cultures. Back to you Olena, now. What would be your number one tip for students contemplating choosing the Bachelor of Economics at UTS?
Associate Professor Olena Stavrunova
Okay, my top tip would be, you can just follow your passions and interests by working on your economics degree. And, importantly, keep in touch with your university teachers. Academics are a great resource that a university has to offer, and academics in the economics department are exceptional in their knowledge of economics, and in their willingness to engage with the students. So I urge you to take full advantage of the interaction opportunities in class and after class, come to office hours, participate in extra credit learning activities, and so on. I'm sure that this additional knowledge you gain from these interactions and connections you develop with academics as well as with your fellow students will be invaluable for your professional growth as an economist, while completing your degree, as well as after you have completed and left university. So I wish you all the best with your choice of course, here at UTS, or elsewhere. And if you have any questions, please let me know. Send me an email and I will be happy to talk to you in greater detail about the Bachelor of Economics.
Erica - UTS Business School
Wonderful. Thank you for that, Olena. Thank you so much for your time. And thank you everyone for tuning in. Please feel free to explore our other videos detailing our courses and our majors that are available. If you have any questions you can reach out to us via our social media channels, which are up on the screen or you can email business@uts.edu.au. Thank you again for tuning in. And we'll see you at our next video.
Bachelor of Management
Hi everybody, Daryl Adair here. I'm the director of the Bachelor of Management, and I've been involved in the teaching of sport, business, and management for about 25 years. It's my passion, and it's an area of the Bachelor of Management as well. Now, before that, I had a 10-year career in banking, and you'll find that several of the staff that teaches across the Bachelor of Management have a similar background to mine. That is, they have industry experience, and have since taken up the opportunity of teaching in higher education. So, your lecturers often have a combination of both practical and academic expertise. You might have noticed that in addition to the Bachelor of Management, there's also the Bachelor of Business. So why might students take up the Bachelor of Management? Well, this degree allows students to develop deep knowledge in one or more of the experience industries, as we call them. Now, the experience industry comprises a range of goods and services that are central to the consumption of entertainment and leisure activities, whether that be live or in digital form. Now, in the case of the Bachelor of Management, our focus is on events, sport business, and the digital creative industries, and I'll go through each of them in detail in a moment. If we look momentarily at the Bachelor of Business, the management major within that degree does provide exposure to that kind of knowledge, along with opportunities for in-depth skill development in more generic areas, like accounting and economics. But students who seek to be experts in one or more of the industry sectors in the experience economy are best advised to take the Bachelor of Management because it provides deep knowledge of those industries. So, you might then ask, who is the Bachelor of Management degree for? Well, it's for people who are interested in and passionate about the various creative enterprises across three areas: sport business, events, and digital spaces. And typically, these are people who like to work in a really vibrant occupational culture. They're interested in shaping products and services that are part of the entertainment and experience sectors. Now, each of these industries is today very high tech, and they rely on what we call design thinking, digital creativity, and innovation. People who are involved in these industries are not pigeonholed, for their skill sets can be applied across the experience and entertainment industries. So, for example, a student might start off in events, then they might take those event management skills into a role in the sport industry, and so on. In other words, these programs are for people who are adaptable and novel in terms of their thinking, and of course, very astute in terms of digital and creative ways of doing business. Now, everybody realises, of course, the impact on the Australian experience and entertainment sector as a consequence of COVID. Many of the major events and sport competitions that we've grown to love in Australia have been impacted. But, as you will have seen, we're now witnessing a substantial rebound in the experience economy, as people seek to reclaim live entertainment and leisure activities in the public domain. And were observing as part of this resurgence, new forms of leisure consumption, such as demand for virtual events, with patrons paying on-demand for online versions of what were previously exclusively live experiences. So, within the Bachelor of Management, we look at adaptations across the experience economy, in large part as a consequence of the challenge of COVID. In sport, for instance, students learn about the growing phenomenon of spectators around the world, watching American basketball, using virtual reality headsets. This technology gives consumers the impression that they're inside the NBA court and experiencing the sights and sounds of being a patron of the game. The other thing is, there's the potential for augmented reality, and in sport, the area I'm most familiar with, broadcasts, are now overlaid with data on the broadcast screen, which can provide things like player statistics and messages from sponsors, and so on. Thus, there's a lot of value added to the digital production of entertainment. So, in summary, although COVID has impacted on live experiences, there's been both a revival and adaptations, where students are able to explore and learn about this in the Bachelor of Management. So, how is the course structured? How does it work? Well, it's important in the first instance, to note that the Bachelor of Management underwent review in 2020. This is a routine exercise, and it is always productive. We invited industry stakeholders and students to provide feedback about the structure and the topics we had to offer, and we were pleased to learn that there were substantial endorsements of what it is we offer. But as I will soon explain, we've instituted some changes with the goal of making the degree more flexible for students. Now to start with, everyone in the Bachelor of Management has 8 core subjects, which you can see on the slide. In essence, they take you through foundational areas of business, like marketing, accounting, economics, human resources, law, and ethics. And additionally, there's an emphasis on managerial skills. So, once you're involved in a business, you need to scope the competitive environment. And of course, also make strategic decisions about your strengths, your weaknesses, opportunities, and threats. So, the Bachelor of Management core is a very important, multidisciplinary foundation, from which students then generate sufficient skills that can be deployed in one or more of these sport events, and digital creative sectors. Now, if we look at the major, it's comprised of eight subjects for each of your chosen areas, and with each of these majors, the relevant subjects are available for students to look at, via the UTS website. Now, I'd go through all of them here with you, but there's 32 in all, so too many to discuss in this brief presentation. But what you'll see when you get to the web, is the students have an opportunity to pursue their chosen major right from the very beginning of their degree, and then in every year of their degree. That's very different to the Bachelor of Business, where students do a generic core in their first year, but they don't get to focus on their major until second and third years. By contrast, as I've already mentioned, in the Bachelor of Management students can follow their passion as soon as they begin the course. Now, in terms of changes to the programme, the biggest adjustment we've made to the Bachelor of Management is to ensure that students now have more choices in terms of what they want to learn, and as the slide indicates, there's space for eight unspecified subjects, which can be configured according to student preferences. For example, someone might start with a major in events, but then develop a strong interest in sport business. There's now scope for them to do a double major. Equally, a student might start with a major in events, but, you know, find they have an emerging interest in sport business. Students can also do a major of their choosing, along with four randomly selected electives, so they don't even have to do sub-majors if they don't want to. Indeed, students may choose unspecified subjects as electives of their choice for all eight of these options. But the question is, why might a student do that? Well, they might decide that they need more, for example, accounting and finance skills, so that when they get into an industry environment, they've got strong fiscal literacy. Or, a student might say, look, I really want to go deeper in terms of marketing, so I'll go and do more marketing subjects. Others might simply say, look, I really want to just learn something new, something else. I want to do a language, or I want to understand more about international relations, whatever it is, so these electives are available for students to choose as they please. But they're intended to really add value to what students are interested in. Now, one of the real fabulous parts of this degree, is innovation and entrepreneurship, and they are embedded in the Bachelor of Management. But what do they mean? Well, innovation basically means conceiving something new, it can be an idea. It can be a product prototype, a process, or indeed a service. Innovations need creativity and deep thinking. Innovation may mean invention, though, it may also just add value to an existing product or service. Now, entrepreneurship is related to innovation, but it's different. Basically, it means turning ideas into a business opportunity by exercising judgement about a risk, and the risk is intended to turn obviously, into a profit rather than a loss. So, in essence, entrepreneurship sets out to create value, or add value in terms of innovation. In that sense, entrepreneurs need skills like planning, decision making, leadership, and of course, what it means to be a risk taker. Now, in the Bachelor of Management, there are two core subjects devoted to innovation and entrepreneurship, you can see them on the slide here. One of them interrogates the conceptual frameworks that underpin product service and design, while the other is more hands on and practical, with students building on models or prototypes in a lab setting, and this combination of theory and practice is popular with students, who are then equipped to navigate new opportunities across the experience in entertainment industries. Indeed, owing to the challenges of COVID, these sectors are innovating in really dynamic, novel ways with a goal of reaching digital and remote audiences that weren't even thought of previously. An example is live streaming of music concerts, so big events with a pay per view model, and there's also great potential with Virtual Reality entertainment. Imagine being courtside at Wimbledon, or virtually climbing Mount Everest on the back of a sherpa, all experienced virtually through my Oculus headsets at home. Indeed, this type of innovation has great potential for people who are of mature age and thus not very mobile, people with disabilities, all of whom are unable to travel easily, and so these kinds of digital entertainment experiences are more relevant than ever. All that said, of course, all that creativity is absolutely vital, as is the technological know-how. But it is also vital to have management skills. You know, it's important to be creative, to understand the way in which entrepreneurship functions, but you must have skills as a manager to bring products and services to market, so managing innovation and entrepreneurship are also vital. Now, one of the great features of the Bachelor of Management that has been round for about 25 years is the opportunity to do an internship, and that's really important for students who want to experience what it's like to work in a particular industry sector. The way in which it functions is that students, they target an organisation they'd like to have an internship with, and they seek permission from that company to take them on as an intern. Now, the university can help, we can provide a list of companies with whom we've had internship relations with, in the past. So as an example, if you're interested in working at sports clubs, many of our students have had very successful internships at say, the Sydney Swans and the Sydney Roosters, and what happens is that students work from around 120 hours or so depending on the organisation and the nature of their assignment. This is, in essence, volunteer, unpaid work, but it's recognised as a contribution to the internship subject, that is part of the degree. So, there's a clear benefit in doing it. Now, the purpose of being an intern isn't simply for students to go to one organisation, and make people cups of coffee, and you know, operate a photocopier. Instead, they work on a project that is agreed upon by the student, by the organisation, and by the university, so it's co-managed. The student is then evaluated in terms of the way they conduct themselves professionally in a workplace setting, and of course, a big focus is on the project that they ultimately deliver, which, of course, is assessed by the internship provider, and the university. Now, one of the real benefits of this, I think, is having that tangible, industry engagement, that workplace experience, which allows students to have a taste of what it is like to work in that sector, but also start to develop a network of individuals that they can turn to in respect of employment opportunities. So, one of the things that we encourage UTS is for our interns and our students more generally, to set up a profile on LinkedIn, and as part of that, they upload a CV. They can also include their internship experience. Another benefit of the internship is that students can ask the employer for a reference for when they seek job opportunities, and the idea of course, is for them to secure a job with the company they worked with, and there are some examples of that. But generally speaking, the internship is an experiential pathway into work. Now, one of the things that is new about the degree this year is we are offering an alternative subject to the internship and that is called diversity management. So why have we brought this subject in and what are the benefits in studying it? Now there are two reasons why we decided to introduce diversity management. The first is quite practical. It's that the internship I just spoke about, it used to be a compulsory subject. However, we've since realised that it was preferable to make it as an optional subject, recognising that some students were coming into our degrees with workplace experience already, and thus the internship wasn't going to be relevant or necessary for their experience. So, we thought, okay, let's make this an option for the students and my students still, you know, opt for the internship, because they don't have that work experience. But there's another more fundamental reason for us offering diversity management as an alternative, but also as an elective for anybody taking the Bachelor of Management. That is, if we look at the contemporary workplace in Australia, it features employees from very different backgrounds, and one of the benefits really of studying and appreciating diversity management is the opportunity for workplaces to encourage people from different backgrounds to reach their potential and maximise their contributions to an organisation's strategic goals and objectives. And this is a core part of what progressive businesses seek to achieve in today's cosmopolitan world. There is a recognition that people from different cultures, different parts of the world, different language skills, different religions, and so on, come together in a work environment, so how to bring about an awareness of their commonalities, their similarities, and also the differences and to generate respect for each other in a really collegial way. So, there's a raft of research internationally, that shows that organisations which embrace diversity management, exemplify environments in which people are happier at work, they feel more valued, and they tend to be more productive. So, diversity management is good business. And it's also a great option even for students who take the internship, they can still do diversity management as an elective. So, there's opportunities to do both. Now, if we're looking at the major options in the Bachelor of Management, what is there available? What exactly do they involve? Well, there are three, so there's certainly choice. Let's start by considering Events as the key example. Now, it's an exciting place to work because of the really dynamic and varied nature of this industry. There are events that are part of the calendar every year, as well as events that are established for what you might call special purposes. And let's face it, Sydney has long been Australia's premier event city. So, you know, events are part of this city's DNA. But what does Event Management involve? Well, it focuses on the logistics of establishing events, promoting them, marketing, ticketing, things like traffic and security management. And this means meeting the requirements of law, policy, and governments when putting on an event. Indeed, the whole events ecosystem now requires tremendous sophistication, because while we all want things to go well, there are important mechanisms and protocols for when things actually go wrong, and there are problems. So, if you're taking event management, you will be exposed to a whole range of concepts and also their practical application. And Australia, let's face it, is a world leader here. The academic contribution to the way events has grown here in Australia and their sophistication means that this country is renowned for staging mega events. And, you know, we'll soon be hosting the Olympics again in 2032, and next year, we will host the FIFA World Cup. These are just two examples of the reputation that Australia has for hosting huge events like this of international significance. Now the second major I want to speak about is Sport Business. Sports in this country and internationally have been a fast-growing industry for decades. If we look at Australia, it's the only country for example, with four professional football coats. And no other country has as many national sport competitions at the professional level, as does Australia. And another important trend in this country, particularly, is the growth of women's professional sport competitions. So, we're talking about a very dynamic environment. But to actually manage the sport industry requires very important skill sets. You need to have individuals with a strong understanding of accounting, finance and revenue, and, of course, innovative ideas about creating alternate revenue streams, and even alternative products. I mean, one of the most interesting growth areas we cover in the Bachelor of Management is something called e-sport. So that's, you know, electronic gaming that's competitive, you know, like an elite sport. And what we saw during COVID, was this grew exponentially, it was already growing, but the trajectory just went through the roof. An interesting development is that many traditional sports now have a relationship or even a partnership with an esports team. So, the point I'm making is, it's not just about traditional sport, there's also a growing digitization around which sport is consumed. The third major I want to speak about is the Digital Creative Enterprise option, which is really the new one in our repertoire. The other majors have been at UTS for about 25 years, and this one for about five years. But, this major reflects the way in which the digital world is evolving. It reflects the way in which businesses themselves intimately and almost inherently engage with a business today. And I don't mean just from a sort of a, you know, a marketing and website perspective, but how they address strategic issues. Indeed, how they assess problems in the marketplace now requires a digital scoping exercise. And in doing so, they're applying design thinking principles that students need to learn about, which are more adaptable and complex than traditional modes of business thinking. Now, this kind of approach can be used in any business that has a digital shopfront today, and it's hard to think of one that doesn't. But also, one of the reasons that we position this major here, amongst the other two, is we think there's a good synergy between the way in which those other majors are evolving, along with the digital creative enterprises. And we're very excited about this new offering. So, beyond that, students might choose to do a combined degree because they're interested in you know, two complementary fields of study. And so there's three here on the slide. You can combine your degree with Creative Intelligence and Innovation, if you're interested in sustainability and the environment, there's an option there. And also international studies if you're interested in languages, and understanding the way in which the world works. So, there are also degree addons. If students are interested in, for example, learning a language, there's a Diploma of Languages. And also, for students who are really captivated by learning about innovation in the Bachelor of Management, there's also a Diploma of Innovation as well. For students these days, UTS offers an early entry program, so you can actually utilise your Year 11 results to make an application to join us. As you'll see from the slide, there's some information from this website here about your eligibility, how you go about applying, and when you might receive an offer. So, what is my top tip for students taking the Bachelor of Management? Well, I think follow your passion. It's easy to say that you should get a job that you enjoy, rather than a job that is merely expected of you by others. But everybody needs to get out of bed in the morning and go to work and feel engaged by it. And if you feel a particular connection to one of the industry sectors I've talked about, go for it. Because what you want to do is have lifelong fulfilment and enjoyment, and a feeling of being connected to your workplace. So, if you want more info on the slide here, you can download our undergraduate course guide for 2023, in which you will find information about the Bachelor of Management. And of course, you can stay connected with us. We're on Facebook, we're on Instagram, and you can reach us via email at any time. And look, I do hope that I get to see many of you at UTS in the coming years, and that you enjoy your experience with us. Thank you very much.
Combined degree
Business and Sustainability
Professor Suzanne Benn
Sustainability is relevant to all aspects of the business curriculum, and to many aspects of our research.
The way we feel about it here in this business school is you can't just consider the financial returns alone . . . that inherent in that is consideration of other sorts of capital such as social capital, trust, collaboration . . . intellectual capital or the human capital of the workforce.
And of course that that all rests on the basis of the availability of resources which are the natural resources, so the natural capital. The value of natural capital and availability of resources.
So all those different forms of capital are emphasised to the students and incorporated in one way or another into our research projects.
Doctor Paul Brown
Okay, so the energy efficiency project was the integration of energy efficiency principles into a whole bunch of our subjects, both undergraduate and postgraduate.
One of our assignments which we actually did with UTS Green which was a lot of fun, where we actually had students, we gave them access to the university’s energy systems to some extent, like some building information and some energy experts, and we gave them some problems which are faced by UTS and we said: 'Hey, go and try and find a way to solve this from an accounting point of view.’
The base set of materials was schematics like building schematics and so the students were looking at who needs what data to then control energy. There is actually so many things that the students recommended that we actually had, we even had to organise a presentation at one stage. I think we had about 6, 5 or 6 groups present their recommendations and each group had maybe, I don't know 2,3,4 recommendations and they presented to senior UTS staff, and that was a lot of fun for the students.
The energy efficiency project was actually a really nice context in which we could teach students how to help organisations move incrementally towards sustainability.
Majors
Accounting options
Dr Amanda White 0:00
Welcome everybody to Accounting Options at the UTS Business School. My name is Dr. Amanda White. I'm a senior lecturer and Deputy Head Education of the Accounting discipline group. I'm also a UTS business alumni with a major in accounting and also professional experience in accounting at PricewaterhouseCoopers. So i keep in touch with the industry and I'm really proud of what we have here at UTS in terms of accounting, and I'm going to tell you all about that.
So let's talk about what is accounting. And a lot of students will know accounting has something to do with numbers and it's something to do with money, but it is the language of business; all around the world, we speak the same language in terms of accounting. And it's recording and interpreting business events to inform business decisions. So accounting helps people in business, make the decisions about research and development, marketing, innovation, moving into a new country, COVID related decisions, all of those decisions are made using accounting information. So it's a critical underpinning of business, all around the world. And no matter which country you go to - Japan, the United States, Zimbabwe, the UK, the EU, we're all speaking actually the same language of accounting; so it's a very highly transferable skill.
Now accounting is not all about the numbers, numbers are important. But realistically, when it comes to mathematics, I use my phone as my calculator a lot of the time. And it's not just good for mathematicians. And it's not about sitting in an office crunching the numbers by yourself. Technology has transformed the role of accountants, where we manually used to do a lot of the number crunching most of that is now automated and so our role is to take that information and interpret it to provide businesses with direction and advice on how they can use this accounting information, combined with non-accounting information they might have from marketing or production, or a social media engagement, for example, to help them make the best business decisions to optimize their achievement of their goals. So it's really problem solving. And quite often, we now see accountants described as business partners, because we are partnering with different types / parts of the business, to help them achieve their goals. So a lot of leaders really have that accounting background, because to be able to lead a company to be able to be a CEO or director of an organization you need to be on do you need to understand how the fundamentals of the business really work. So people say, Oh, look, I'm great at maths is accounting for me? I said, well, if you're great at problem solving, and you love working with people, talking with people getting to understand their businesses, to be able to provide advice, then accounting is for you. Communication is the number one non-technical skill that our profession says that we need more of in accountants, that's the number one thing they look for, is those communication, group work and interpersonal skills.
So accounting is always in demand. And people that say are AI and all of this robotics, etc. machine learning is going to take over the role of accounting. And if COVID-19 has taught us anything, there is a massive demand for accountants; when times are good financially to provide advice but also when businesses are struggling. So it's useful across all areas of business. And there are accountants and all sorts of different job opportunities from really big companies like the Commonwealth Bank, EY, Macquarie Group, etc. Like you see there, right down to smaller businesses. And I don't know how many people out there might follow Chebbo's on, or Chebbo's Burgers on Instagram, and on Tik Tok, if you have let me know in the chat. Ali Chebbani is actually one of our UTS Business graduates. He uses his business knowledge, his accounting knowledge he was in my class, to actually set up this massive, you know, well, massive for him, business empire that now includes partnerships with brands like KFC, and other institutions. So, accounting can be a role in a job like a big organization. You can be an accountant working for yourself, working part time, working flexible hours. I have a great colleague in Brisbane, and you know 20 years ago, she was a virtual accountant. She has run her accounting practice from all around the world, taking advantage of digital technology. Accountants also work within organizations. But we also have lots of students who study accounting and go to create their own businesses work in finance work in marketing. It is the ultimate pair for any of your business studies because no matter what business program or business role you end up in, someone's gonna say, How much is this going to cost? How do I know if this is a benefit? Are we making money based on this particular program. So accounting is critical in all business applications. So students learn to think through problems, big problems, small problems, every business needs an accountant. And once you understand how the business works, and how the accounting works, you have such great insight into the entire organization.
We're also accredited through our professional association, so CPA Australia, Chartered Accountants Australia and New Zealand, and the Chartered Institute of Management Accountants. So when you study accounting at UTS, which is the Accounting major plus an additional subject in law and ethics, then you are eligible once you finish your degree at UTS, to then be able to start the professional qualification programs for accountants. So it's quite common, and most accountants within the industry all should have a professional qualification designation that is offered by one of these major bodies. That sends a signal that you are qualified to work as an accountant and to provide advice. These extra programs are usually 18 months to two years. And it's not just an additional study program, but it's also mentored work experience. But UTS helps set you up for the foundations to go into one of these programs through our accredited accounting programs.
So why would you study accounting at UTS? We are top 100 in the world, ranked for accounting and finance, not only do we have a great location; though your location right now is wherever you are connecting to us from; but for those who are working out potentially working full time or part time and studying, we have a great central location. When I was making my choice, I had a cadetship at PricewaterhouseCoopers. And trying to figure out which university I wanted to go to, you know that I live out in the Blacktown LGA, I needed to find somewhere that was close to a train station easy to access and had lots of flexibility. So UTS provides that and we're very flexible in terms of delivery model, and also class times. And UTS is Australia's number one Young University. So we're very young institution. 35 years young, I believe we are, but number one in our young universities.
So what are the sort of options you have in studying accounting? You might think, okay, well, I want to study a bit of accounting, but I don't necessarily want to be an accountant. The accounting and practice sub-major might be for you. It's four subjects that give you a real hands on feel for doing accounting in that small business context. If you think well actually, I want to move out of that small business context and perhaps pursue accounting as a career, the accounting major is a great start with eight subjects. And then we also have the extended major. So if you're absolutely sure, yep, accounting is the path I want to go. You can do an extended major in accounting, as all part of the Bachelor of Business. We also have the Bachelor of Accounting, which is a separate degree program that's a scholarship program for students who want to build their accounting career. It's pretty much the same subjects as the Bachelor of Business; there's a few little extra subjects that the students do, but they also have two paid internships, as well as their scholarship included in their degree. Now, it's a separate application process for that. So you just search Bachelor of Accounting UTS on your search engine, and it will bring up all of the information. There's an application form, as well as interview processes to select candidates, and it's our industry partners, actually, that help us select our candidates for the Bachelor of Accounting program. But if you don't get into the Bachelor of Accounting, lots of students who don't get into that, (because there's only 35 places) come into the Bachelor of Business and study an Accounting major, or the new extended accounting, extended major that's coming in 2022.
So I mentioned the major, extended major, or the sub-major now what happens in each of those?
Well, in the Bachelor of Business, everybody starts with the same core eight subjects, as in the Bachelor of Accounting that makes sure that our accountants, understand marketing, understand economics, understand business, finance and statistics. So you get that broad base, and a lot of students will come into the Bachelor of Business not sure what major; they might think accounting, but the core gives everybody a chance to try out all of the different majors, and then make a decision. Now I mentioned the accounting major, you can do those eight subjects and combine that with a second major. Really popular is finance; also really popular is accounting with marketing, accounting with information technology. You could do two sub-majors, which are four subjects each; you might think I really like accounting, I want to do a bit of marketing and a bit of finance, you can do that with a sub-major, which is just four subjects, you can do a sub-major and electives. So if you think I'd like to do a, perhaps an exchange when we can travel again, then there's opportunities there, or eight electives. We've also got the accounting major, which is the eight subjects in a major plus four other subjects, which could include an internship if you're interested in doing that, with options of a sub-major and electives. Or if you do the accounting in practice sub-major, you might say, okay, I'm going to do marketing and then I'm going to do a sub-major in accounting, and then maybe a sub-major in something else, or some electives. So big thank you to Sara there as well, who said that, with the extended major, the accounting major, the sub-major, it's all noted on your academic transcript, and people will be able to see what subjects are included as well.
So what do you learn in the Bachelor of Business in the Accounting major, all business students will do two subjects called Accounting and Accountability, and Accounting, Business and Society. And a great thing that is differentiating UTS in our accounting subjects compared to any other university is that we are giving away free textbooks for Accounting and Accountability and Accounting, Business, and Society. So these textbooks are what we call open education resources. We've written and collated two textbooks that you don't need to buy, you get free access to them, you can read them online, or you can download them as a PDF and print them out yourself. So that's one thing, there's some reduction in textbook costs at UTS. And we're leading the way in accounting through these open education resources. And then you've got the accounting major, which you look at all these subject names, you think what does all this mean? Really, we focus on a couple of different areas. The first one is management accounting, which is accounting for inside businesses. And how do we, as accountants, inside a business, help a business make decisions about what to buy, what to sell, what suppliers to use, how to build contracts for employees, to motivate them to do well and evaluate their performance. So that's sort of the first area is management accounting. The second area is financial accounting. And financial accounting is really, how do I prepare accounting information for shareholders, for the government, for the public to see. So that's financial accounting. We also have some law subjects to make sure that we know how to start a company and all the legal requirements for starting companies, as well as the tax requirements. So if you're interested in tax, there's a great taxation law subject that students will often do to help them go down that path of becoming a tax advisor. And then we have assurance, which is the subject I teach, which is auditing the financial statements for publicly listed companies, their financial statements must be checked to make sure that management are telling the truth. So we teach you all about how to do that. That's a very popular career path. And then we have a capstone, which brings all of our accounting information together to say, how do we look at companies from the big picture? How do we give advice about analyzing businesses, so that investors can make good decisions. So even if you think I might be interested in marketing, but I really want, I'm a keen investor, then the accounting information or the accounting major can provide you with great information there.
For those people who are keen on going into the extended major, then the extended major gives you choice to do any of these extra subjects. And if you want to be an accountant, be a CA or a CPA, this is a really great way to go. Because law and ethics for managers is something that you need to do as a subject to be able to progress into the CA and CPA programs. But then you can also do something like forensic accounting, which is fraud and financial crime, innovation and commercialization, which is about how do I start a business have an idea, and there's also the opportunity there to do an internship. So get some practical experience so that you can go out as a graduate and say, yeah, I've had some practical experience as an accountant.
If you're doing the sub major, then you do obviously the core accounting subjects and you can choose four from any of these subjects around business analytics, processes, understanding businesses and governance. So this is aimed at using accounting as a small business owner, really in the Accounting in Practice sub-major.
Some people might be here about the Bachelor of Accounting. This is our flagship Co- Op scholarship program, and it is hands down; according to employers; the best co-op Scholarship Program in the country. We have students apply from all over Australia and across the world, a lot of ex-pat students, Australian students studying in places like Singapore, Hong Kong, also apply for the Bachelor of Accounting. So it is our flagship program and we will get 1000's of applications that we whittle down to 35 students coming into the intake, so it's for high achieving students. On average, these students do have an ATAR above 90, whereas the Bachelor of Business, most recent selection rank was 86 for 2021.
So most students in this program will have a selection rank of 90 or above and they're keen on taking a really strong focus in accounting. They want to be a chief financial officer, that type of role. So they have to do the Accounting major.
So in terms of tailoring the Bachelor of Accounting, they must do the accounting major, plus either a second major, two sub-majors or sub-major and electives. So again, lots of students in the Bachelor of Accounting partner with finance, with marketing, some even choose to go on exchange by doing a sub-major, and then they save their electives for their exchange experience. Here's the typical structure for the Bachelor of Accounting students. You'll notice here they have this fast track situation in January where they start their program early.
So the Bachelor of Accounting is really a four year program, that we squash into three years by them doing these extra summer courses, plus their internship. So when they're doing an internship, they are working full time, and also studying two subjects at the same time.
There's also a $51,500 scholarship. Now, the scholarship money comes from our partners. So every single semester they or every single fortnight they get their university scholarship; that scholarship is tax free; as well as their internships. And that scholarship funding comes from our industry partners.
So these are the places where you could do an internship with a Bachelor of Accounting places like Macquarie Bank, like the Woolworths Group, UTS, Coca Cola, one of the Bachelor of Accounting students from I think about 18 years ago, is Vice President of Finance and accounting at Coca Cola Amatil. So QBE insurance, Westpac, there's a whole range of different industries, depending on whether you might want to be a management accountant, or a financial accountant or even a specialist audit, or tax advisor. So there's lots of experience here that can be gained for the Bachelor of Accounting students. If you're thinking Well, how do I get experience as a Bachelor of Business student, then there's also options for internships in the Bachelor of Business.
But for Bachelor of accounting, people are interested in that program, you need to do more than listed as your first preference through UAC, you have to have an application form plus an extensive interview process.
So the Bachelor of Accounting is not eligible for the UTS Early Entry Program, it's run through a separate set of information, just search Bachelor of Accounting UTS in your search engine, it will take you to all of the information. And we have two rounds of applications. So if you're out there, and you're in year 11 now and you're keen on this particular area or this particular program, keep an eye out because applications for next year will open in May. For 2022 intake, we have a second round, open on; ah closing sorry, on the 15th of October. So you'll have to make sure that you get your application form in that will require the school to complete some information as well on that application form.
So if you want more information, don't forget that you can download our UTS Business course guide as well - it has all of the information about the accounting major, as well as some of our other programs and other majors within UTS and the Bachelor of Accounting program.
Now, does anybody have any questions they want to ask us about Accounting, you can type those into the Q&A. Or if you can't figure out how to get the Q&A box open, you can just type them in the chat as well. We'll be able to see those. I've been teaching here at UTS for almost 20 years, before that I was in industry at PriceWaterhouseCoopers for five years.
A great question coming in how does Accounting differ from Finance? So finance is about the discipline of how do we spend the money where do I get the money from to be able to fund a new expansion. But accounting is really the recording of all of the business transactions and then analyzing that information. So accounting and finance actually go quite closely together. And it's our most popular combination. So probably close to 300 students, I think per year study accounting and finance together. And it is the most popular combination to get students into investment banking, managed funds, financial advice, as well as accounting. So accounting is slightly different in that we're interested in how do all these transactions get recorded? How do we know that they're accurate? Let's collate all that information. In finance, finance focuses on using the information that accounting outputs to make decisions about where do I get the money from? What about investing and looking at that share market perspective? If you're interested in futures, and you know, forward contracts, etc, that's more of that finance side, whereas accounting is more of that fundamentals of decision making component.
There's a question about forensic accounting. And this is a growing area, especially with increases in financial crime. So forensic accounting is a little bit different from auditing. In that we have a hunch that something is going wrong in the business, we know that perhaps somebody has flagged potential theft, unusual money movements. So forensic accounting is about looking at all of the accounting and non-accounting data, to be able to identify financial crime and fraud. And that is usually done when the business suspects something and they will bring in a forensic accountant or financial crime specialist. We have forensic accountants working in the Police force, as well as in private industry through companies like KPMG, etc. that also specialize in in forensics and financial crime. And they use a lot of data analysis techniques as well because there are millions or billions of transactions at companies. And so therefore, to be able to comb through all of that they use a lot of data and analysis techniques as well.
Now UTS asks whether we have an ACCA course. So UTS, because we are affiliated with Chartered Accountants Australia and New Zealand; our accreditation with Chartered Accountants Australia New Zealand also follows over to ACCA so we don't offer the professional studies for ACCA. But if you do the Bachelor of Business majoring in Accounting, and the law subject, or you study the Bachelor of Accounting, then those students will be eligible to sit the ACCA professional qualification exam process as well. So CA and ACCA work together here in Australia, whereas in other countries ACCA works separately. But here in Australia, they work with Chartered Accountants, pardon me.
Make sure you stay connected with us at UTS, on Facebook and on Instagram. And the other thing as well, we don't have the Instagram for UTS, but you can follow us on Instagram @UTSengage. If you want to follow me on Instagram, where I talk a lot about sort of business accounting study at UTS as hints and tips. I've also put my Instagram handle there in the chat @amandalovestoaudit.
Oh, I see one last question. If I wanted to go into banking; CBA, Macquarie etc, would either accounting or finance be good to get in. I understand internships and graduate programs are very helpful. If you want to go into banking, accounting and finance as a combination is your strongest chance in that particular industry. And most students who I know most of my alumni who are in that role, have done the accounting and finance component, especially for career advancement. It's the strongest combination of the two. But otherwise, a lot of students do go into those types of programs with a finance background. But there's lots of different roles. So if you wanted to go into lending and commercial management, then finance is probably the way you want to go. If you're looking at more of the management of CBA as a business, into funds management analysis, then that accounting and finance combination is really strong. Macquarie is probably one of the hardest places to get a job in terms of investment banking. So the other thing to think about is grades. So they're looking for really top grades because they've got the peak. They've got the their pick of the bunch at Macquarie as one of the top investment banks in the country. But to grade and also start from first year at thinking about developing your LinkedIn profile experience and internships.
One last question that we're going to answer today is the accounting major recognized by CA and CPA, if you do the accounting major plus the law and ethics for managers subject, then we are CA and CPA accredited. And you will be able to start the CA and CPA programs.
So thank you very much everyone. And of course, if you have any questions, you can contact us directly through Business through any of our social media channels or the live chat platform for the end of, for the rest of Open Day today, and also on Tuesday. So thank you very much everyone for being here. And I will chat to you all very soon.
Economics options
Associate Professor Olena Stavrunova 0:01
Hi everyone. Thank you for joining us today at UTS Open Day 2021. My name is Olena Stavrunova and I'm an Associate Professor in Economics here in UTS Business School. I also coordinate the Bachelor of Economics course. I'm joined today by Ben Robinson, who is currently studying Economics Honours after completing a Bachelor in Economics degree here in UTS, thank you for joining us here in the Open Day, Ben.
Ben Robinson 0:29
No problem. Thanks very much for having me. I'm looking forward to it.
Associate Professor Olena Stavrunova 0:33
Great. So, before we begin, I would like to say Acknowledgement of Country. I would like to acknowledge the Gadigal people of the Eora Nation upon whose ancestral lands our city campus now stands. I would also like to pay respect to the Elders both past and present acknowledging them as the traditional custodians of knowledge for this land.
So before we talk about studying Economics here at UTS, let us recall what is economics. Economics is a very broad discipline. Basically, it is a social science, which takes a very rigorous approach to analyzing economic and social issues and phenomenon. In particular, economics focuses on two big questions. First, how individuals and societies decide how to allocate scarce resources to meet the needs and wants, and how economic incentives shape with economic behavior. And second big question of economics is what are the consequences of economic decisions for social welfare? And how can economic and social policies change economic behavior and welfare? Understanding economics is fundamental for making good business decisions, good government decisions, and for study of many social issues.
So why should young school graduates like yourselves be interested in studying economics? Many reasons for that, I will only point out the most important ones. The first reason is that economics graduates are highly employable. Economics graduates have very diverse employment opportunities in industry and government. They also have great further education opportunities in tertiary education sector. What graduate recruitment programs in large organizations employ economists include including financial institutions, consultancies, government departments, and so on. Economists are valued for their analytical skills, their ability to work with data, and for a systematic approach, they take the understanding in a given issue or problem. Second reason is that economics is a very broad field of study, which has applications in many industries, not only the traditional ones, like banking, finance, consulting, but also health, education, urban development, and others. This means that you can pursue many passions and interests while studying economics. And that your potential career path after economics degree, can be very diverse, and can be chosen to suit your passions and interests. Ben, could you please share with us what attracted you to the economics degree initially? And what do you think are the best things about economics now that you have completed your bachelor's degree and are doing Honours in Economics?
Ben Robinson 3:24
Yeah, sure. So when I say I think it's probably in the same position as a lot of the people in the webinar now where I was sort of in year 12. And I'd done a bit of Economics as part of high school. And I knew that I really enjoyed it. And I found it really fascinating as well. And it was something I was pretty good at. But I sort of didn't really know what I wanted to do after school. So I took a gap year after year 12 and then sort of throughout that gap year, I ended up reading a couple of economics books. And that really just sparked my interest. I was kind of hooked from that point in. And then I pretty much decided that was what I wanted to do for study. And then in terms of what I enjoy about economics; are now at the end of my degree is how, how easily that real life scenarios can be applied using the theory you use in, you learn in economics classrooms. A lot of the students here will see a lot of supply and demand graphs and that kind of stuff throughout their degree ; there really isn't a problem and a recession or an economic problem that can't be articulated using this very simple framework. So for me, my favorite thing about economics now, looking back on the past few years of my degree is just how applicable, the theory is to real life scenarios.
Associate Professor Olena Stavrunova 4:46
Thanks, Ben. I agree. I agree with you, Economics is very applicable to everyday life. So like we said, economics is a very broad discipline that is applicable to a variety of economic and social issues. Here are example of some biggest economic and social challenges of our time. studying economics can help you understand and help propose solutions. One of the biggest economic challenges of modern times is growing economic inequality. Economic inequality is an inequible distribution of income, wealth and other economic opportunities between different groups of society. Economics can help you understand why inequality has been rising? What are the consequences of this for people in societies? So its being able to understand and evaluate different policy options for dealing with it. Climate change is another global challenge, which can be tackled with the knowledge of economics. Reduction in greenhouse gas emissions is the key to reducing global warming. The main question is how governments across the world can create incentives for companies to reduce emissions. And we know that economics is all about incentives and how they affect behavior. So understanding of economics is crucial for being able to formulate effective policies for combating climate change. In fact, all policies that governments use to mitigate climate change are economic policies, including emissions trading scheme, carbon tax subsidies for firms and households and investing in green energy. Economy concepts such as demand supply externalities are central to understanding and formulating these policies. Gender wage gap is another important issue that economics have been working with for decades. Currently, in Australia, the gender pay gap is 13.4% among full time workers. What are the reasons behind this pay gap? Differences in job types and labour market characteristics between men and women can play a role. Labour market discrimination may also be a contributing factor. Economics has made massive advances in understanding gender wage gap, and you will understand this topic better better after studying economics.
The current COVID crisis is another illustration of the importance of economics in dealing with global social challenges. COVID is a complex crisis affecting public health in economy profoundly. Economists have been heavily involved in debating about and formulating policy responses. Many policies people may have implemented during COVID times are founded in economics, for example, programs such as JobKeeper JobSeeker, an example of a fiscal policy that governments often implement to combat economic recessions. Such policies are very important for keeping the economy moving, for keeping people at work and preventing them from falling into poverty. So to understand and contribute to political debates during the COVID crisis, it is important to be well versed in economics. There will be many more exciting topics that you will learn about while studying economics here in UTS.
So what do students learn as part of the economics degree? The students who have completed in economics degree are very much regarded as analytical thinkers. They tend to be professionals who are very skilled in working with data, they know how to approach a problem systematically, and how to take into account interplay between various factors. But they also learn about a variety of economic business and social issues where economic approach can provide effective solutions. Our subjects in the economics degrees here are very applied. Most of our subjects will include case studies, real life applications of analytical tools, that students learns throughout the degree, media, videos and so on. And as I was saying earlier, because it is such a general field, the skills that economists have are valued very broadly among a variety of industries, occupations, employers.
So by now, hopefully, I have convinced you that studying economics is a good idea. So now let's talk about why it is a good idea to study Economics at UTS in particular. You should know that economics department here in UTS is a young department, but they have been consistently ranked among the top economics departments in Australia for research in economics. Taking an economics degree at UTS you will be learning from nationally and internationally recognized experts in this field. Secondly, not only we're great in research, we're also great at teaching economics. Our teachers are highly regarded as engaging and innovative educators. They tend to have high student evaluations and win teaching awards at the Business School and university levels. The advantage of studying economics at UTS is a geographic location UTS is 10 minutes from Central Station so it is easily accessible from all city suburbs also it is close to the CBD so it is convenient for students to combine their work and study. But importantly, the engagement opportunities with employers, that UTS has are fantastic. We have all sorts of things for students in terms of engagement, including alumni events, guest lectures, recruitment events, and so on. This stems not only from our geographic location, but also from concerted effort by the UTS Business School and Economics Department to build close links with industry. Ben, could you please tell us so you've completed the economics degree here in UTS? So what did you particularly enjoy about your study here?
Ben Robinson 10:45
So for me, I think one of the biggest plus sides of economics at UTS is the quality of the lecturers and the academics. What I have found is that there's a real; so I've had some lecturers who have been in academia their whole careers, some who used to work in the public sector doing policy advice and other people who've come from the private sector. So you've got a lot of people with a lot of diverse backgrounds and those diverse backgrounds lead to diverse opinions, lots of different debates about different things in the classroom. It's just a really varied skill set and backgrounds. And that's just something that goes with you throughout the whole degree. And that's, that's brilliant.
Associate Professor Olena Stavrunova 11:31
Thanks, Ben. Thanks. Thanks for your kind words. I appreciate it.
Okay, so where can economics take you career wise? Economics alumni end up everywhere. They're particularly concentrated in the corporate world, such as financial institutions, banks, consultancies. Some of the biggest employers of our graduates are actually big Australian banks and consulting companies. But our graduates also work in other sectors such as insurance, logistics, energy, real estate, public sector and others. Why do not all of our alumni end up in public sector in places like Treasury, Reserve Bank, Department of Education, so on? As far as the roles economics graduates can be employed in a variety of roles, including economists, financial analysts, investment analyst, and any authors you see them listed here on this slide. So job title 'Economist' is only one among a variety of career path of an economics graduate.
Okay, so what are your options are studying economics in UTS? There are two options for your study in Economics here at UTS. Bachelor of Business, and Bachelor of Economics. Bachelor of Business is a degree which provides you with a broad business education and includes an option of learning economics as part of your major, extended major or sub-major. Bachelor of Economics is a specialized degree developed in consultation with industry. The Bachelor of Economics, you can really specialize in economics, and also study in depth one or two other business disciplines as part of your major or sub-major.
Let's talk about your economics study options in the Bachelor of Economics. You can study economics in this degree by selecting a major which has eight economic subjects, an extended major which has 12 economic subjects, or an economics or econometrics sub-majors, which have four subjects each.
Bachelor of Business is a very flexible degree. Whichever economics option you choose, you can tailor your degree to suit your interests in other business fields. The Bachelor of Business degree has eight business compulsory core subjects here in the first year. This includes finance, economics, accounting, management, statistics, and marketing subjects. Starting from the second year, students will specialize in their chosen business disciplines by choosing majors, sub-majors and electives. You have three options to study Economics in the Bachelor of Business shown here. Option one includes Economics Major. With this option, you can then choose the second major in a different business discipline, or two sub-majors or a sub-major plus four elective subjects. We have a flexible set of eight elective subjects. Option two includes economics extended major. With this option, you can then choose a sub-major in another business discipline of four elective subjects. And finally, option three includes Economics sub-major, you can also have Econometrics sub-major. With this option, you can then choose all these different combinations listed here in this box.
This slide shows economics subjects included in the Bachelor of Business Economics Major. In addition to two economics subjects that are part of the Business core Economics Major includes five compulsory economic subjects listed here, this subject that can equip you with the fundamental skills of economic analysis that essential for economists in a sector and role. Then you choose three subjects from a set of economics electives, listed here. But have a very wide choice of economics electives, you can tailor your choice to your interest in economics.
In the Extended Economics Major, you will take 12 economics subjects. So this means that in addition to the two economic subjects from the Business core, there will be six compulsory economic subjects listed here, plus you choose six elective subjects from the same list as before.
And this slide slide shows the structure of Economic sub-major. It includes four subjects that are selected from core and electives with the previous two options.
So the second option to study Economics at UTS is the Bachelor of Economics degree. Let me briefly describe the structure of this degree.
The Bachelor of Economics is a flexible degree in which you will be able to fully specialize in Economics by completing 11 core subjects, and three elective Economics subjects. You will also specialize in another Business discipline, such as Finance Marketing, Management by completing an eight subject major, which is option one here, or you can also learn about two business disciplines by completing two four subject sub-majors option two. Or you can learn about one additional business discipline by completing option three here, which includes one sub-major plus six electives. Please note that all these options one, two, and three, include electives, two electives here, two electives here, six electives here. You can use these electives to specialize even deeper in Economics, or in the business field of your major or sub-major or any other economics, sorry or any other business discipline that you're interested in.
This slide here shows 11 core subjects in the Bachelor of Economics. These subjects provide you with a broad and deep economic analysis skill set that is in demand in industry and government. For example, we'll get an advanced training in data analysis through the sequence of three statistics in econometric subjects in the core. You can also extend this by choosing time series analysis is one of your electives. Starting from 2022, we included subject Behavioral Economics in the core of the Bachelor of Economics. Behavioral Economics studies how psychological, cognitive, emotional, and social factors affect economic decisions. Behavioural Economics approach is very popular in industry, government and UTS is a great place to study Behavioural Economics, because we have extensive academic expertise, and industry connections in this area. So another interesting subject that we have in the course is the Capstone subject called Economic Policy and Analysis. It is an integrative subject, where you learn to apply analytical and data modeling skills to the analysis of important real world economic and social issues and policies. Here's the list of Economic selective subjects available to the Bachelor of Economics students. Some of our most popular electives include Economics of the Environment, Economics of Monetary Policy and Central Banking, and Economics of Competition and Strategy. So Ben, could you please share what was your favorite economic subjects using your study at the Bachelor of Economics degree here in UTS?
Ben Robinson 19:55
Well, it's tough to pick just one but for me, my absolute favorite was the Economics of Monetary Policy and Central Banking. I'm very sort of policy-focused. My the thesis that I'm doing in my honours year is very policy-driven. And that was basically that I did that in '18; it just sort of ticked every box for me. And that's run by Peter Docherty, who is just the most amazing lecturer his passion for the subject and for the content is infectious in a classroom like it's, it's unbelievable and Peter's actually one of my supervisors in my honours year as well. So it goes to pay that if you do have good relationships with some of your lecturers, and you get an opportunity to you sort of get on, well, you have a good rapport with some of your lecturers, later down the track, you might have an opportunity to actually work with and collaborate with some of these great people that UTS has.
Associate Professor Olena Stavrunova 20:51
Thanks, Ben. Yeah, yeah, I know, Peter is a great, great educator. So this slide shows Majors and Sub-majors available in the Bachelor of Economics. And please take a few moments to look at this slide, we have a wide variety of majors and sub-majors that you can take as a part of your Bachelor of Economics, including Finance, Human Resources Management, IT Management, Marketing, and many others.
So we almost reached the end of our presentation. And now I'm supposed to give you my top tip, you know, for you people considering studying Economics. So my top tip for you, is to follow your passions and your interests in choosing your degree. And once you make the choice and enroll in the university, less, please make a full use of everything the university has to offer. For example, our academics here in UTS, is the greatest resource that the university has. And if you're thinking of Economics, you should know that academics in Economics group here at UTS, are exceptional in their knowledge of economics, and in their willingness to engage with this students. They also have a lot of extracurricular activities in societies for students, for example, students economic society, that offer great opportunities for networking, and engagement. If you come to us, please take advantage of all these opportunities. The knowledge and connections you gain from these interactions will be available so he will be invaluable for your professional growth as an economist, and what will be your top team Ben, as a student?
Ben Robinson 22:32
For me - if you're, if you think you've studied economics and you apply and you get in, before you start, I think it would be really helpful to do a bit of light research into economics, and find a guiding interest or a guiding principle that sort of has you hooked. It does, it could change throughout your degree, it doesn't necessarily have to be super specific, but when I started I knew that macro was for me. So that was sort of every and then I sort of became more interested in the policy side of things as I went along as well. And then that informed kind of how I saw all of the subjects I was doing. And when I had an opportunity to do an assignment, I could sort of give it, gear it towards a sort of policy-focus, I take that opportunity. So if you if you are study economics, UTS do a little bit of light research beforehand. And just to sort of find that guiding interest that could sort of take you through throughout your whole degree.
Associate Professor Olena Stavrunova 23:33
Thanks, Ben. Great tip. I agree with you.
So this concludes our presentation. If you want more information about Undergraduate Business courses here at UTS, please download our Business Undergraduate Course Guide for 2022. And now it's time for the Q&A. We're happy to answer your questions.
Professor Sara Denize 23:57
Olena, I answered one last question for you. What degree do you think you should do if you wanted to be Australia's next best Treasurer?
Associate Professor Olena Stavrunova 24:08
Oh, I think you should definitely do Economics degree. So I know that Australia, what is it; Shadow Treasurer? Yeah. So Andrew Leigh, of the Labour Party. So he's a very well known Economist. So he used to be an Academic Economist before he became a Politician and I think how he talks about things you know, you can clearly see that he's an Economist and it's of great help, his economics background to what he's doing right now as a Shadow Treasurer.
Okay, so one question is how many people are enrolled in Bachelor of Economics? So, off top of my head, I don't remember the exact number but about every year would be every year we get about 100-120 incoming students.
So graduate salary? Oh, that's an excellent question. I don't know the answer. I will be happy to provide the answer for you a bit later.
So can you do Economics first and then enter into Law? How do we do this? So one way how you can do Economics in Law is actually do double degree Bachelor of Economics Bachelor of Laws, I think that's a five year degree. And you can enroll there and you can study single thing is Economics and Law. That would be one option. I hope that's a suitable option for you. But that degree has somewhat higher selection rank than Economics as in Bachelor of Economics alone.
Thank you very much for coming to this presentation. If you have any further questions, you can chat with us in the Open Day Business School Advisory Chats, reach out to us by phone in this number (02 9514 3074) or by email using this email address (business@uts.edu.au). Thank you very much and good luck with your choices.
Event Management Major
Event Management Major
00:00
Hi, everyone. Thank you for joining us today where we'll be talking about the Event Management major within the Bachelor of Management here at UTS Business School. My name is Rachel and joining me is Dr. Najmeh Hassanli who coordinates the event management major within the Bachelor of Management.
00:18
Hi, everyone. My name is Najmeh and I am a senior lecturer at the business school. I teach both events and tourism subjects and I am the coordinator of the event management major within the Bachelor of management.
00:30
Now, first up, what exactly is event management?
00:35
Event management is all the logistical, promotional and strategic elements that go into developing an event, planning and hosting it and then assessing its various impacts.
00:46
And why should students study event management?
00:50
So events is a diverse and dynamic industry. It's all about creating memories and designing experiences for others. And because of this, it can be really fulfilling But it does require you to love challenges, be sociable, and a people person, be organized, have a bit of creativity and enjoy the satisfaction of senior projects through to completion. If someone has such qualities, then a career in events will never be dull for them. Second, events is still young as an industry, but it is well recognized. It is a growing profession that requires specific skills and qualities. Having a qualification is important to be able to work in an industry, but also to have a career progression in it. And finally, it is a billion dollar industry. The industry is vibrant, it contributes greatly to the economy. And just to give you an idea and put things in perspective, business events alone generated 23.1 billion total economic contributions and created about 180,000 direct jobs in Australia in just one year.
01:52
What are some of the skills and knowledge that students in this major will walk away with?
01:57
First, students gain a solid understanding of the sequential steps associated with the design, development, planning, and implementation of innovative events, and the professional skills associated with each of these steps. They will also learn about the promotion and marketing of events and how to gain sponsorship and financial support for events. Finally, we know that events don't exist in vacuum. They are defined by the political, social, economic and organizational context in which they exist. And so our students will develop a sound understanding of the context in which events take place.
02:33
If students are interested in event management, what are the options available to them?
02:38
So event management is a major under the Bachelor of Management, but if students are doing Bachelor of Business, and might be interested in doing events, they can actually choose to do events as a sub major as well.
02:51
What are the subjects that students will studying within this major?
02:55
Here you can see a list of different specialized subjects that our students do. These include introductory subjects such as event and entertainment context, event impacts and legacies, event management. Subjects that are normally taken in the second year include positioning and promoting events, events sponsorship and revenue. We also advise students to consider the professional internship subject in the second year, which takes them through to the final year. And finally our subjects include servicescape and venue, and event creation lab, which is the capstone subject. Our students really enjoy the subject as it enables them to put into practice the theoretical and practical knowledge they have acquired in all of the subjects they've studied throughout the Bachelor of Event Management. They basically come together, work in teams, to design, project manage, and implement an actual event. And the profit they make from putting on the event goes to a specific charity or cause. Some of the organizations that our students have previously supported and contributed to are Beyond Blue, Smile for Me, Dress for Success and Rough Sleepers.
04:05
So what are some of the career options on offer to students who study event management?
04:10
As a growing global industry, events offer a broad range of employment opportunities. Some of the Graduate positions include event coordinator, convention coordinator, and marketing assistant. The career progression options include Event Manager, entertainment venue or facility manager, convention planner, festival organizer, marketing manager and sponsorship manager. Our recent graduates have taken up a wide variety of employment opportunities, which reflects the breadth of the industry. And just to give you a few examples, Marie, one of our 2017 graduates was working as event coordinator at CBA in 2018. Chelsea, another one of our former graduates is currently the special event coordinator at the Sydney Opera House.
04:55
What would be your top tip for students interested in pursuing event management?
05:00
I always encourage students to get some work experience while this study. This is obviously possible through our internship subject, which students take in their second year. And we've received very positive feedback about students being able to apply a lot of the skills and knowledge and qualities that they've acquired throughout their degree into real work. But it is also possible through paid positions. And this is something that is not possible to all students, and we understand that, but in other ways through volunteering opportunities at various events, and we do encourage students to do volunteering and do volunteer at events and we do inform them of any opportunities that comes up. But one thing that I would like to say about volunteering is, while these opportunities may be helpful in getting your foot in the door, you need to also be critical about about them. Always ask yourself what is it that you will gain from experience and will it actually be adding something valuable to your skills? Remember, you're not just giving to the organization, you also need to gain from that experience, from that opportunity. So be critical, question that value and ensure that it is a purposeful opportunity for you. I would encourage you to keep an open mind, you may think that not all of what you come across and learn throughout your uni life, and life in general, is interesting or even relevant to what you may actually be considering doing. But that's the thing. The list of opportunities in this industry is endless. There are many different choices to make and directions to explore. And the more diverse your experiences, the more prepared you will be for your career in events.
06:36
Thank you so much for your time explaining the event management major.
06:40
Thank you. It's been a pleasure. I do hope information has been useful for our prospective students or potential students and I do hope to see many of them at UTS next year in our events major. Thank you.
06:55
Please feel free to explore out other videos detailing our courses and majors. If you have any questions, you can reach out to us via our social media channels, or contact us directly by phone on 95143074 or by email business@uts.edu.au. Thank you so much.
Digital Creative Enterprise Major
Digital Creative Enterprise Major
00:00
Hi, everyone. Thank you for joining us today where we'll be talking about the digital creative enterprise major, or we call it DCE within the Bachelor of Management here at UTS Business School. My name is Rachel and joining me is Dr. Sumati Ahuja, who coordinates the DCE major within the Bachelor of Management.
00:19
My name is Sumati Ahuja. I am the subject coordinator for the new digital creative enterprise major. I'm also an architect, that's my background. And I have a PhD in management and I'm particularly interested in creative people in the business world. So how do you deploy creativity in the business world today.
00:48
Now, DCE is a relatively new major, what exactly is it?
00:54
Okay, so this is a very exciting major because it brings the two worlds that I'm very familiar with, which is design and business or design and management to be more specific, together. So it's a really great way for students to learn ways to improve the management of an organization's digital presence. And also learn to apply design thinking principles, which is really creative approaches to problem solving. One of the things that's really important to recognize is that we increasingly face very, very complex problems. For example, aging populations, for example, global warming, these complex solutions are not based on one organization or one answer. This really calls for collective action. And this is where creative thinking is very, very well positioned. Because it doesn't follow traditional approaches to solving problems and creative thinking and design thinking in particular recognizes that complex problems need a suite of expertise to answer those, and creatives are really well positioned in that field, because creativity relies very much on framing and reframing the problem across the stakeholder ecosystems. So when you work in multidisciplinary teams and the subject, for example, you realize how fundamental all the organization silos are, and how they need to come together. And in this particular course, we help you develop skills that allow you to talk across disciplines, by simple things like putting the user at the center of any problem framing that you do. So what's really great and what leverages creative thinking across organizations is that very focus on putting the user at the center of the ecology of the problem.
03:10
So why should students study a major in DCE at UTS?
03:16
The course itself is a very interesting course because it is designed to get students engaged in innovation in the digital economy. So it gives students an opportunity to align themselves with national and international endeavours that particularly reward innovation in the digital sector. Now, we will also be engaging very actively with industry, we have several industry partners that share their insights and pitch problems at students, which gives all of the students a chance to engage really actively with what's going on in the industry contexts at the moment, and apply your historic and contemporary understandings of governance in the creative industries sector.
04:10
What are some of the skills and knowledge that students that do a major in DCE will walk away with?
04:15
So this is a really great opportunity for students to learn about the creative industries. So that's one subject, and how important the creative industries are to our economy and to the global economy more broadly, and how that sector has really made major inroads into really pivotal parts of digitalized, globalized economies. Students will learn to work in multidisciplinary teams which is increasingly a mode in which most organizations want people to work in. We will also be talking a lot about creative approaches to solving complex problems across industries. So moving away from traditional management thinking into more creative, design thinking type approaches to solving complex problems. And one of the really key things about creative approaches and design thinking in particular, is to put the user or the customer at the center of the focus of the innovation. So students will learn how to critically appraise industry problems, as well as focus on the consumer, the customer, the user, as a way of innovating.
05:42
And what are the subjects that students will be studying in this major?
05:46
The major has a suite of subjects and in the first year, you will be doing 21662, which is creative industries in the collaborative economy. So this is a subject where you really learn about how broad the reach now is of the creative industries across, as I mentioned, digitalized and globalized economies. And there are subjects that cover risk management. And there are subjects that cover creative thinking. And there's a capstone subject, particularly that covers digital governance and strategy. So you get a suite of subjects that are user focused, and completely kind of rethink the way that businesses are designed. And then how do creative industries fit within the broader picture of our economy.
06:51
Now, as mentioned earlier, DCE is a newer major, so we don't actually have any graduates just yet, but What are some of the career options that students can expect if they do choose this as a major?
07:06
So I think really the scope of careers out of this subject is really, really broad. We have some very interesting industry partners that we work with. So we have IBM, who have a whole design sort of section and the leader of IBM design team in Asia Pacific is one of our key partners. So she and her team present industry problems. And you get to work with people from Deloitte and IBM, who will both be pitching their problems and mentoring students through some really interesting opportunities and options for students not just to go into traditional Creative Industries, but really to think very broadly about how almost every industry now, whether it's a bank or insurance, any traditional business even uses creativity. And so, to develop these skills is a really great way of positioning yourself in a global marketplace for creatives in all industries, regardless of whether they're creative, per se, or whether they're traditional sectors that employ creative people. So it's a really, really broad scope of employment.
08:33
And finally, what would be your top tip for a student considering coming and studying DCE?
08:39
So the top tip really is that this is a great opportunity for all the students to explore how to be a creative entrepreneur in our digital world. The key learnings are really how to be creative, so creativity is something that can be taught. And everybody can use that in different ways, as I've already mentioned, across very traditional sectors. So you can be an embedded creative in a non traditional sector or work as a creative in a creative industry. And the other great thing about this particular suite of subjects is that students learn the ways in which creativity gives an edge to any business. So you can really leverage your skills in whatever interests you write from startups through to enterprises like IBM and Deloitte.
09:36
Sumati, thank you so much for joining us and talking us through DCE.
09:40
It's been my pleasure. And I want to just conclude by saying that I really enjoy both teaching and researching this subject. It's very close to my heart, of course, coming from architecture, but also because I get to meet such a diverse cohort of students with so many different interests coming from so many different backgrounds, so it's a really great melting pot of ideas. And I really look forward to having some of you in my cohort very shortly.
10:10
Thank you everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you have any questions you can reach out to us via social media channels listed in front of you. Or you can contact us directly by phone on 95143074 or email business@uts.edu.au. Thanks again.
Finance Major
Dr Scott Walker 0:00
Good afternoon, everyone. Thanks for joining us at the UTS Open Day 2021. My name is Scott Walker, as you can see from the title slide, and I'm in the Finance Discipline Group. So what I'll be talking to you today about the Finance majors specifically. First of all, it is very important that we make an Acknowledgement of Country. So I would like to acknowledge the Gadigal people of the Eora nation, upon whose ancestral lands our campus now stands. I would also like to pay my respects to the Elders both past, present and emerging and acknowledging them as the traditional custodians of knowledge for this land.
So, really, I guess you're here because you want to know, what is Finance? Well, because I'm going to explain to you about the Finance major, you want to know what Finance is, and really what finance is, it's all about managing money. A good example of this that many of you may be familiar with, is the issue with Lionel Messi, the football player who had to leave Barcelona, which is where it basically started his football career when he was 14 or 15. Why did Messi have to leave Barcelona? Because the club had financial difficulties. So what was happening was that basically Barcelona could not afford him. Because the revenues that the club was earning have been decimated because of the pandemic. So like any business, once their costs get to be larger than the income, then of course, you've got a what's called cash flow problem. And finance is all about cash flow. And if a company has cashflow difficulties, or even a football club like Barcelona, then of course they can't, they've got to manage those costs. And so of course, they had to let Messi go to ensure the long term survival of the club. Now, of course, to ensure the long term survival of the club that had to deal with that cashflow problem, and they did that by involving an investment bank. And this is a huge part of what finance is about, which is about getting some capital or money. So Barcelona needed some capital, they got the help of Goldman Sachs, to help borrow some money. And that will hopefully see Barcelona through the next probably eighteen or two years and they'll come out stronger on the other side. So really finance is; this is just one small example of what finance is all about just taking the case of a famous example, with Barcelona. And so we can talk about it more broadly. But in essence, it's about managing that money, managing that cash flow, to ensure a company's long term success.
Of course, there are some incredibly successful companies in this world and in finance, we measure success by value, more specifically, stock market value. So for instance, we know out of these companies I've got listed here, well, we know that the most valuable company in the world is Apple, obviously, being an online event, I don't have that interaction with you. It's much more fun when we're face to face on the beautiful UTS campus, which you can see my background is Building 8, which is where I'm based, and many of your classes would also be held. And I would be telling you, asking you questions, you'd be sitting comfortably with free food and drinks at the campus on the if the Open Day was on campus. And I'd been asking you questions, and you'd be answering them and I'd be giving away free, free food, etc. Obviously, we lose that interactivity, which is fine.
So for instance, we know Apple is the most valuable company in the world, it's worth more than $2 trillion (and that's measured in US dollars). In Finance we'll talk about okay, look, why is a company like Apple been so successful? How do they achieve that success and why they've been so rewarding for their shareholders who are the owners of the company. And everyone's always thinking of what's going to be the next Apple? Well, again, I can't tell you because either, in fact, I can't give you a recommendation because I don't have an Australian Financial Services license. So I'm not licensed to give investment advice. But of course, a large part of finance is trying to identify what makes a company successful. Everyone's always on the lookout for the next Apple. I mean Apple, for instance, is listed on the stock market, which of the stock markets is Apple listed on? Well it's definitely not the ASX; it is the NASDAQ. And Uber is another fairly successful company. Again, people are wondering, well is Uber going to be the next Apple? Is their price going to keep rising? I mean, Uber is on the New York Stock Exchange. So that's the Stock Exchange. NASDAQ is another US stock exchange. In Australia, we've mainly got the Australian Securities Exchange, which is where CSL and Airtasker, are listed, just two Australian companies I've picked. Obviously, CSL is in the news at the moment is in manufacturing vaccines.
So a lot of finance is all about what's the role of finance in a company, whether it's a public company on a stock market like this, or whether it's the Barcelona Football Club, or even whether it's a government or government entity, they all need to manage their finances. And that's a large part of what a Finance major is all about. Obviously, UTS is not a stock market, that's just the UTS logo.
So why come to us to study Finance or remember that we don't have a Bachelor of Finance degree? Sure, there's a Bachelor of Economics, Bachelor of Accounting, etc. But the Finance major is part of the Bachelor of Business. So if you choose a Finance major, you'll be taught by a team of people in the Finance group. And we're world recognized for our teaching, sorry, for our research areas, in particular things like ethics and sustainability, we've got a strong team, doing research in that area, but we've got a very strong team and well known people in the area of research in the banking industry, also corporate finance; so what are the finance decisions made by companies, both whether they are companies on the stock market or private companies. And also market microstructure, which is looking at the liquidity and how easy it is to buy and sell stocks in a stock market. Also got part of market microstructure, we've also got a very well regarded team of people looking at cryptocurrencies as well. And we've been successful very recently with one of our professors looking into digital finance and that's a big part of what our department does as well. We've also got very strong industry connections, and a lot of your classes in finance, we will bring in finance practitioners to talk about how certain financial activities are conducted in industry. So we've got a really strong link with a number of organizations, such as these listed here, and we'll often bring in guest speakers from these industries, just to show you potentially what kind of a career you'd be doing and the finance activities how it relates to what you're studying. Again, because of our location, is very useful as well being so close to the city. And we're close to a lot of entrepreneurial hubs and innovation hubs, as well.
So again, as I said before, the Finance major is one of the majors that we offer as part of the Bachelor of Business. So remember the basic structure of the Bachelor of Business, there's the first year, which is a group of eight core subjects that everyone must do in the Bachelor of Business. And once you've had a taste of those eight subjects at the end of the first year, you'll then decide on what majors you want to choose. Now, hopefully, one of those will be the Finance major. So in the first year, there's one in the first year of eight core subjects there's one finance subject, there's a couple of accounting subjects, there's one or two management and marketing subjects. The one finance subject that everyone must do is called Fundamentals of Business Finance, that's a first year subject, and that's one that I teach along with a colleague of mine as well. In that subject, we show you the basic building blocks of finance, and hopefully based on that subject, you'll have a good taste, and you'll start to enjoy finance and you'll choose Finance as a major.
The Finance major; the structure is there's five core subjects. So the first four of these subjects you would do in second year, so remember, in first year, everyone does the same. everyone comes into the Bachelor of Business doing the same eight subjects. They're the core subjects in the Bachelor of Business. Then, if you do a Finance major, then there's four subjects you'll do in second year, and then maybe you might do another major. So The Financial System is talking about the financial markets, the participants in the financial markets, financial metrics for decision making. You'll use financial data and analyze that data to make good financial decisions. Investment Analysis, you'll look at analyzing particular stocks, and then putting those stocks together in, for instance, a portfolio of shares. And that's the principle known as diversification. You do a bit more detail in Corporate Finance, which is again, looking at the finance decision within a company. Generally, all those decisions are made to increase the value of the company for the shareholders. And then the fifth core subject in the Finance major is a Capstone subject where you bring all of your knowledge together in one subject, right at the end of your Finance major. And then of course, there's three electives as well. So based on those subjects you've done here, you might get a flavor for, let's say, Commercial Bank Management, because you've done a little bit of banking in The Financial System. And you might choose to do that as one of your three electives. Maybe you might want to do a little bit more in Derivative Securities, which is looking at security, such as options or futures. So the five core subjects based on that, you then might choose one of these other three subjects to pursue. And again, you pick three, so all up is eight subjects in the Finance major. And again, the Finance major is one of the majors that you can choose as part of the Bachelor of Business. I really enjoy teaching it. I love the subject, particularly a first year subject where I get to really try to inspire you about finance and really generate an interest and show you why I love it so much and hopefully some of that enthusiasm will rub off on you.
There's lots and lots of career paths in Finance; here's just an example of where some of our recent graduates have ended up at. But again, the best way to get a feel of what finance is all about is have a look at for instance seek.com.au, open up seek.com type in finance. And I just did it this morning. For instance, I saw there was a role for a Finance Trainee at Dreamworld. And one of the things that a Finance Trainee at Dreamworld would be doing would be analyzing the success of what's known as capital expenditure. So if Dreamworld perhaps builds a new ride, your job would be to analyze if that new ride is financially viable. And that's just one of the many many roles that are available in finance, just go to seek.com.au, you can have a look at that. There are other roles at Bundaberg Sugar. And even on that very first page, which you can look up yourself there was a financial analyst role at Alinta Energy. So there's a lot of different career paths for finance, it really depends on what interests you. But particularly once you've found something that interests you, then you'll be much more enthusiastic.
And that is that is my top tip. Find something that interests you. Now we work really hard to make finance relevant and give it real world applicability. And hopefully that way you can see exactly what you're learning in the classroom is what a finance person would be doing as a career. So enjoy, embrace that embrace this subject. One thing I should make clear is that Finance, this is not a mathematical finance degree. It's finance as part of a business degree. So the finance, we teach you; sure there's numbers, but it's not mathematical finance. It's much more applied finance. It's very popular that people who enjoy their numbers to combine finance, with accounting, that is the most popular double major combination that people do as part of the Bachelor of Business. There are some overlaps between finance and accounting, but they are quite definitely separate fields.
If you do want more information, there is the Business Undergraduate Course Guide for 2022. And you can obtain it from that web site (uts.edu.au/business-undergraduate-course-guide). Again, if you've got any questions put them into the chat, we can answer them here. Also, don't forget the general business UTS address one there business@uts.edu.au - there'll be people there who'll be able to answer your questions. So that's it from me. Hopefully giving you a flavor for what the Finance major is all about, again, there's not a Bachelor of Finance degree. Remember the Finance major is one of the majors that you can pursue as part of the Bachelor of Business. So thank you for your time it's a shame I can't see you in person and answer your questions face to face, but pop them into the chat and I'm happy to spend a bit of time now to answer any of your questions. So thank you for listening to me. Now it's my turn to listen to you.
John Kennedy 15:22
Thanks Scott, I've been monitoring the questions, I just thought I'd read them out to you, and you can respond to them live. And so we've had a few questions today the first one? Would I choose finance as a major if I'm interested in share trading in the future?
Dr Scott Walker 15:38
Oh, definitely, yeah, because potentially if you're interested in share trading, you would like to know the skills that will enable you to work out if you should buy a particular share. And again, we do that one of the subjects we do which is the Capstone, which is looking at models of share valuation, and valuing shares, and other assets, like bonds, that is a common theme throughout the entire finance major, so definitely yeah.
John Kennedy 16:11
And then does UTS help open doorways, to be able to help and assist in finding a job while doing a business degree?
Dr Scott Walker 16:19
Well, one of the one of the subjects you can do, I didn't mention it. But one of the subjects you can do as part of the Finance major is even an Internship. We will give you some help finding a company that you could do your Internship at. But essentially, many of the students as they get through, as they progress through the degree will meet for instance, guest speakers, and they might even have a word to the guest speaker and say, I'm interested in a role of an internship at your organization. Is that a possibility? So there is the internship subject, but also UTS has got a Career Service, where they will give you a lot of skills in preparing for post; preparing for employment after you graduate. So yeah, there's lots of support we will give you.
John Kennedy 17:09
Yeah, and that Career Service as you've just said helps support in many ways. They run many events throughout the year, so you can engage with industry, and there are career evenings as well. And you can access them as much as you want. And, and if I was going to offer a top tip, that'd be something I would say is, you know, don't be afraid to keep going back to Careers, you know, your ideas may change, and what you want to do may change, and they can help guide you on how you might kind of navigate what you're thinking in for the future.
Dr Scott Walker 17:36
Yeah, definitely.
John Kennedy 17:38
Could you elaborate on finance being referred to as Applied Finance?
Dr Scott Walker 17:42
Oh, okay. It's not, it's not theoretical finance. So when I say applied, a lot of the work you'll be doing is conceptual, and explaining certain financial activities. Sure, there is some underlying for instance calculations that you'll be doing. But a lot of it is being able to put that; put your financial analysis into words and explain to someone why you should choose a particular course of action, whether it's buying a share, whether it's; if Dreamworld should build a new ride, ultimately, what underlies a lot of the decisions that companies make is what's called a financial analysis. And a lot of those skills that you're learning is give you the ability to make good, what we call investment decisions, or if you like capital expenditure. So sure there's the underlying financial analysis, then a lot of it is applying it to the real world. And that's what I've said before is that we try to do a lot in our teaching in the Finance major, of really integrating real world finance in your learnings.
John Kennedy 18:51
Great. And I know you've touched on this already, but how maths heavy is the major?
Dr Scott Walker 18:56
It's not maths heavy. It's not. It's not mathematical finance .Definitely not. The maths that you need, we teach you as part of the subjects in the Finance major. So there's no assumed mathematics; there's no assumed level of mathematics for the Finance major. In fact, I think even to get into the Bachelor of Business, you just need to have done some maths. But yeah, do not by any means think; we teach you the maths that you need to know and it's not high level mathematics at all, by no means. Because we're trying to make we're trying to teach you very applied finance, and it's not mathematical, so it's not mathematical finance. It's much more applied.
John Kennedy 19:46
And I get I think you've definitely touched on this in your presentation. But would a major in Finance and a major in Management work well? and just in general, what majors would complement Finance well?
Dr Scott Walker 19:57
Yeah. The Finance and Accounting majors, they complement each other very well. And they are different. They are different. But there are some there are some similarities. But look a Bachelor, sorry, a Finance major with a Management major. That works as well, definitely. But it kind of depends on on you, if you're interested in finance, but management, you've got that ability to choose those two majors. And like I've always said, find something that interests you. There's nothing wrong with combining finance with management. But that may not complement each other, as well as let's say, finance and accounting.
John Kennedy 19:57
We've just had another question through; how far can you take a Bachelor of Business? Can you then move on to your Masters for instance, in finance?
Dr Scott Walker 20:52
Oh, most definitely. In fact we have a number of people that; a number of students that do the finance, sorry, do the Bachelor of Business with a Finance major, and then they will go on to do postgraduate study. So yeah, definitely. In fact UTS has even got recently, we introduced a Masters of Financial Planning. And we've had some students who've done the Bachelor of Business, and then decide; oh what am I going to do next, I might get into financial planning. And so they'll do a Masters in Financial Planning. Again, we've got a number of postgraduate offerings, but again, yeah. That's, that's all postgraduate information. And definitely, you can definitely, definitely take it as far as you want.
John Kennedy 21:45
Yeah. And your thoughts on what you might want to do at a Masters level might change as you go through the Bachelor of Business. So just be aware that you know, you're not restricted in any way; there are multiple pathways and different Masters you can take once completing the Bachelor of Business. So it's very flexible in that way, opens a lot of opportunities for further study and career paths.
I don't know the answer to this one; have the rules tighten about becoming a Financial Planner in Australia?
Dr Scott Walker 22:15
Yeah, they have because the educational standards have been tightened because now they are; financial planners are required to have at least a Bachelors, sorry, have had postgraduate studies. So that's where a lot of the demand for our Masters in Financial Planning is coming from to meet those higher accreditation standards. Yeah, definitely.
John Kennedy 22:40
Great. That's good to know. And then, as Scott mentioned, there is a Masters program so you can complete the Bachelors, and then move into that Financial Planning Masters degree afterwards to meet those new standards, if that's an area of a career that you're interested in.
Dr Scott Walker 22:54
Exactly right.
Scott, thank you very much for that it was very informative and everyone you can obviously remain in contact with the School we're here to help you as much as possible. Thank you for attending this session. Scott. Thank you very much, and I hope you all have a good day.
Thank you everyone. And thank you John.
International Business Major
Dr Helena Li 0:00
Hi everyone. And thank you for joining us today at UTS Open Day 2021. My name is Helena Li and I'm a lecturer here at UTS Business School. I'm teaching international business for undergraduate. Firstly, I would like to acknowledge the Gadigal people of the Eora Nation on whose ancestral lands our city campus now stands. I would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for this land.
Let's get started. Why study international business? Of course, there are certain capabilities we try to build in this major. Before I reach into this point, let us look at some facts.
I hope these facts can give you some basic understanding why international business is very important not just for individual, but also for the country. As you may aware, international trade and investment is critical to Australian economy, providing jobs and prosperity. In 2020 trade as a whole is equivalent to 45% of Australia's GDP, and is directly responsible for one in five Australian jobs. Until 2020, the total stocks of foreign direct investment is $4 trillion.What does this means? It means Australian company actually go abroad and invest lots of money in different foreign countries. At the same time, Australia continues to be a highly attractive destination for lots of multinationals. As you see in Australia, we have so many different multinational companies. In terms of our population, Australia has over 200 nationalities 7.6 million born overseas.
What does this means? It means you will definitely work in the future with people from different cultural backgrounds, speaking different languages, you will deal issues, complex, and transnational. So in this major, you will learn how to communicate, collaborate effectively with people from diversified cultural backgrounds. You don't necessarily need to speak another language, but you will learn how to communicate with people effectively.
So another reason to study international business is by looking at the gaps and opportunities in the Australian market. One of the biggest challenges our Australian Business facing is we do not have a strong track record of external collaboration. For example, according to a recent survey conducted by OECD, they said there is only 7.7% of Australian Business working with international firms. We are while they are doing innovating product products or process.
And when we look at another picture from global 500 firms, and this we only found out four companies from Australia. As a global economy, this is not enough for sure. Australian business need more well educated talents with global mindsets and strong international skills. So to support our Australian business, to support um our economy, we need you to have international skills.
So for this in this major, you will learn how to manage or work in an international firm. As you may know, managing or working in international firm is very different or far more complex than managing domestic firms. There are lots of challenges faced by our transnational managers such as culture shocks, miscommunications, or misunderstandings, which will inhibit a firm's success regardless of the size of the firm. So in this major, we will teach you how to analyze and how to solve all these transnational challenges. We will also teach you how our international managers making daily decisions, you will learn cases not from successful multinational firms, but also from unsuccessful ones. And this will be very relevant when you will be a decision maker in the future for an international firm.
In addition to that, in this major, you will also have to solve lots of issues, social issues, confronted by our multinational firms. We will teach you how to develop your skills in understanding and managing social issues for international companies.
So, therefore, in this major, we develop a set of skills that can help you to be competitive at global turnover, equip you with global mindset, and global outlook for your future career.
So, you will learn some foundational knowledge, understanding differences across frameworks to analyze our transnational management issues. And you will also develop your interpersonal skills and open your eyes to look at the world broadly and openly. So, why study IB in UTS? First of all, in UTS, you will have a practical experience through our industry oriented projects, and guest lectures from different areas and in from multinational companies as well.
For example, we had one of our guest lectures from a global consultant company, Essential, who is responsible for overseas mergers and acquisitions. In his guest lecture, he shared with our students his experience, and challenges when he was helping our Australian business to enter different overseas markets. So when I talk with IB students about IB major, what they mostly appreciate in the major is really this major happens to integrate what they have learned from other decent links or subjects, because everything has something to do with the global context. Furthermore, our cohort is by nature, very diverse, in terms of cultural background, in samplings and experiences, which is a great place for you to experience differences, broaden your eyes, and develop your communication skills.
So what we have in this major, you will have six core subjects, Introduction to International Business, Introduction to Strategy, and then Transnational Management, and something to do with supply chain management, and marketing. After you study all these one, you will have a final subject which we'll call Capstone. In this Capstone, you don't need to learn something new, but what you do is, you integrate what you have learned from previous subject and put them into a very practice-oriented project. So in this Capstone subject, you will really experience what is needed from our reward. And you can practice what you have learned from the previous subject, plus the two subjects you can choose from.
So, where it can take you? I will say you can, this major can make you ready to work in almost any industry. You will, you can work in the private sector, or government sector as well. And also if you want to work as a consultancy, this is always a good option that you because you have diverse knowledge of business in different countries, you can work something very related, for example, International Trade Administration, international marketing, or import/export or international banking.
So, to wrap up, there are some key skills in this major, I think at the end of the major you will have key skills. For example, you are able to adapt yourself to different culture, you are more resilient and ready to deal with lots of uncertainties. And you are very open to diverse culture and respond and respect cultural differences. And you're also ready to solve complexities in the business, especially for our multinational firms.
So the for the top tip, in studying international business, I will say, if you like cultural differences, or like traveling across different countries, or experiencing new things, you are ready to take this major. And you always be open to differences, respect culture, and be inclusive, always open to accept new things, and be innovative.
Don't forget to download our Business undergraduate course guide you have more information. Thank you so much for listening. Now, I think it's about time for me to take some questions, feel free to ask any questions related to the major?
Jess, you ask, can I do a Bachelor of International Business? Or is International Business as a major? We don't have a Bachelor of International Business, it's under Bachelor of Business okay. So, I would like you to do Bachelor of Business and you can select International Business as a major.
Another one, how does this differ from a normal business course and will we be engaging with several transnational companies with an internship? I will say International Business will have a strong global, international focus. So, you will be very well connected with what you see from the other subject, but we will give you something beyond because we are not talking about doing business in one country. We are talking about the culture and the country differences across all the different scenarios. Okay, so yes, you will have opportunities and our UTS career hubs will help you to even find internship in transnational companies, because Australia has lots of transnational companies for us to look into.
Yes, you can do a combined degree um you can do a Bachelor of Business and under this degree, you can select International Business as a major and you can do another degree based on your interests.
Are the opportunities to travel abroad? Yes, you can, you can have different opportunities for UTS. You can apply for exchanges to another country. You also can try internships because I have students they work abroad as an internship.
Okay. What is the ATAR required for these? It depends if you want to do a combined degree or you just want to do Bachelor of Business.
What are the exchanges? It depends really, you can be every country because UTS has a very strong linkages with other universities across different countries. We have European countries, we have US, we have Asian countries. So it really depends on where you want to go. And what you want to do.
How much math is involved, there is no math required for these subjects. So feel free to take it. Are there any subjects that assume? No, there is no no requirement for other knowledge. I think when you are taking this major, you will have something basic from the first year and this will give you enough time to develop some basic foundational knowledge and which will take you to some core subjects in International Business major. So don't worry about assumed knowledge.
Can I do International Business major through Bachelor of Economics? Um, I think I'm not able to answer this question. Do you have any idea Samantha?
Samantha - UTS Business School 14:49
I'm just checking up on that one now. Yeah, so within within the Bachelor of Economics the majors that you can do, are International Business Studies, International Management and International Studies.
Dr Helena Li 15:07
Yeah, the International Business major is not under the Bachelor of Economics.
Samantha - UTS Business School 15:14
No, unfortunately not yet.
Dr Helena Li 15:16
So I would like to if you like this major, please do go with Business / Bachelor of Business.
Samantha - UTS Business School 15:25
I will just note as well. You can do the Bachelor of Business but then a major in International Business and a major in Economics, if that's of interest to you. So you can do the double major. So there is still an opportunity there.
Dr Helena Li 15:39
What percentage of people that do this course get a job with an international company in the first year? What do you mean in the first year, you mean the first year of your degree? Or the first year after you graduate? After graduation? Yeah, I do have when they reach to the capstone subject. I have lots of students, they already work in the international companies such as IBM and some consulting companies and even Commonwealth Bank. So I think it's very highly on its a very good subject because he can take you to lots of different positions and very good opportunity for you to to be in an industry you like as long as they have something to do with the global context.
So I hope I answer your questions with my best knowledge. So if there is no questions, I think if you need any extra information, please do attend our other sessions. And also even you can talk to our academics and staff there as through one by one chat, and I hope you have a lovely afternoon.
Management and Human Resource Management Majors
Dr Helena Liu 0:00
Hello everyone. Good morning. And thank you so much for taking a little bit of time out of your day to come along and listen to me share with you a little bit more detail about the Management and Human Resource Management majors of our Bachelor of Management degree at UTS Business School. My name is Dr. Helena Liu, I'm a senior lecturer in the Management Discipline Group. And specifically, I am one of the passionate lecturers in the human resource management team. So I'm really, really honored and excited to share with you a little bit more about what we do it and what you can expect as a student here.
So let's get into it. So did you know that 20% of a CEOs, job content can be replaced with technology? Isn't that interesting? So now when we're looking at the future of work, and machine learning automation, artificial intelligence, we have to really think about the ways in which we could future proof our jobs. And so much of the work that's done in organizations today, can actually be replaced with technology. But do you know, the jobs that are most future proof; that won't be replaced with machine learning and AI, are the activities that require social and emotional reasoning; the sort of tasks that we human beings are very good at doing, and technology not so much. And these sorts of tasks involve creating and communicating a vision, right, so kind of coming up with a big picture of what we want for an organization and its people - 10, 20, 30 years down the line. Motivating people, right, tapping into hearts and minds and swaying your employees. Resolving conflict, the inevitable tensions that emerge when human beings work with people who think and behave differently to them, and really figuring out how to work with diversity, and also how to cooperate with people, how to discern yours, and others strengths and weaknesses, and synergizing those in order to produce beautiful work together.
So all of these tasks, what they really have in common is that they are the foundation of management. And a Management degree at UTS is really designed to help you cultivate those human or the social emotional skills that cannot be replaced by technology in the future that we so vitally need in our organizations and societies. So why would you choose Management at UTS. When I was finishing off my HSC, UTS was my dream university. I ended up going to a university down the road, but I was really depressed about it, because I stepped into UTS and I could just feel the energy and the positive vibes all around this university. Right, we're one of the largest and most diverse groupings of Management academics in Australia. So you're going to meet lots of different lecturers throughout your degree, all of who take a different approach to management. So you're learning something as wide and nebulous as management from many, many different points of view. We also give you real engagement with industry, we're not about dry textbook theory here. And then you go out into the real business world and you think, have no idea what to do. But we give you opportunities for internships, and business practice, and even just real world business cases in the classroom, so that what you're learning is directly relevant and up to date, so that when you graduate and you step out into the workforce; if you're not there already, during your degree; you're able to immediately start applying what you learn in your lectures, right into your day to day business practices. There is also a lot of flexibility in our degrees to build your professional portfolio to industry projects and internships because we know the field out there is really, really competitive. And so we want to give you the best leg up into your professional career. So we're going to give you opportunities to do those internships, to have business placements, so that you can list real world business experience in your CV when you graduate.
You get a wide choice of majors, sub majors and subjects. So you can really think of this as a delicious buffet table of subjects where you can pick and choose right if you're interested in events management, sports management, across a wide range; which I'll show you more on the next slide; but there's really any kind of interest you have, any passions you have, for the industry that you'd like to see yourself working in, for the kind of job you would really like to do for the next few years of your life. We're going to have subjects that are really tailor made so you get that taste of industry knowledge and experience. And something I'm intimately familiar with is that we're accredited by the Australian Human Resources Institute. Now for most of you, that might not mean anything. So really, in a nutshell, what that means is the biggest governing body of the Human, Australian Human Resource Institute, or AHRI, looks at our entire degree, our human resource management degree, and checks that we are closely aligned with all of the demands and interests of real world business practices. They check that we are engaging with industry professionals, with our business placements, so that we can assure that when you graduate from an HRM degree, you are ready and able to serve as an HR manager of any organization out there. So we've got the seal of approval from AHRI that you've done that. And when you graduate from an HRM degree at UTS, you can immediately be eligible to apply for AHRI professional member status, that then enters you into a tightly knit network of professionals to help again give you that leg up and the open door into future career and job placements.
So the Management in the Bachelor of Business, what that looks like is that you'll do your majors, you'll choose your majors across Management, or you could do a Management extension, which are some other universities might call an Advanced Management major. So you add on four extra subjects, you could do a major in Human Resource Management, which is the area that I teach in. And that's the one that I will speak to more intimately about as our presentation goes on. Or you could pick an International Business major. And underneath that there are sub-majors, right. So you would you would be able to do four subjects in these streams. So you could do Management on top of Management, you might want to look into Management, Consulting, International Management, Event Management, Sports Management. So some of these really drill deep if you know there's a particular industry or field that you would really love to apply your knowledge to.
So I see some questions are already starting to come in, which is wonderful. If it's okay with you, I'll just keep talking with the rest of this webinar and then at the end, I'll loop back around, I'll collect all your questions give you a chance to upvote the ones that you care about and we'll answer them all in one go. So management is so important to businesses, because not only is it one of the future proof parts of future businesses, but it's really at the heart of what drives an organization or department forward. It kind of pulls everything together. It's the glue that holds an organization together. Because organizations are fundamentally made up of people. So management is really the study and the organization of people.
In your management major, you'll have six core subjects. So this is what everybody needs to learn from their first year. So you would be looking at an Introduction to Strategy, Understanding Organizations: Theory and Practice. And this really kind of draws deep into the philosophy and the science of organizations. You want to be learning about Global Operations and Supply Chain Management, right? This is constantly overlooked in organizations, but it's really at the core of what keeps organizations running successfully and smoothly. You'll also have a great subject where you will learn Management Skills. So this is like the communication, the psychological, the sociological skills, you need to be an effective and ethical manager. Speaking of ethics, what's really core to UTS and our values of social justice is you will have business ethics and sustainability by pressing social issues, being front and center in your degree. And then you will also have Management Casptone which comes at the end of your degree that wraps everything together and sort of gets you to build a portfolio of what you've learned all throughout the three years of your degree into one whole. And you get to choose any two of the following that really lights you on fire. So a lot of people love choosing the Business Internship because then that gives you the real world business placement and experience to go on your CV before you graduate. And previous students who have done that subject rave about it. So that's one of one that's very, very popular. But you could also choose to dive deep into Innovation and Entrepreneurship, maybe you don't want to work for someone else, maybe you want to be your own boss someday. So the Innovation and Entrepreneurship would be a great elective to choose to really understand what would that look like if you want to strike out on your own and start a startup. Or maybe you want to be a consultant. So Management Consulting would be a terrific subject to choose. So as I said, this is a delicious buffet table. And there's no right or wrong here. It's about just going with your passions. So taking a look at that, and really seeing what would really be aligned with your aspirations and dreams.
So there's a lot to learn in Management. Overall, your degree builds you in your core management skill so you can be an effective manager anywhere you want. Maybe you want to run events and so you want to manage all the contractors and all the employees running around with you to pull off an incredible event. Maybe you want to do sports management; so how do you motivate the team of coaches? Maybe you want to design your own startup, as we talked about on the last slide. So how do you manage and motivate and inspire the people who are taking a risk and joining your company in the hopes that it will become the next amazing thing. So overall, there are many different levels in which we're learning management skills.
So first, we learn Managing People, you learn how to manage individual people, you will learn the basics of psychology and social psychology to understand what motivates people, what inspires people. We'll learn about Designing Organizations. So you can think of that as learning to manage groups of people. So how do you take a look at a whole team, right? It could be a small, intimate team, or it could be a giant organization of 1000s. How do we manage that? And the differences, the distinctions that come up between managing an individual and managing a group. You also would look at Change Management organizations need to be adaptable and flexible, constantly pivoting. This COVID pandemic has shown that the organizations that survive are the agile, nimble companies that can look at what's happening, and quickly adapt to shift their offerings and their strategies. So Change Management will be the skills that help you become more adaptable as a manager. And of course, we've got Organizational Development, which is about how an organization learns from its past practices and maybe past mistakes in order to continually improve their practices.
This degree can take you to many, many different places, the possibilities are endless. And it's not just about your immediate future, like what's the first job you're going to get; but also about the long term career advancements. So the most obvious choice is that people think, oh you know, I do a management degree so I can become a career manager as in 'I'll manage people for the rest of my career'. But I also want you to think a little bit beyond the box as well, because as long as you're going to be working with people, management is going to be vital to what you do. So think of this management career is giving you soft, transferable skills that you can apply to almost anything and everything. So in addition to being a career manager, you will also be able to advance in your profession. So maybe you think I don't necessarily know if I will become a manager or if I'll necessarily like being a people manager. But I'm pursuing maybe another degree in engineering, law, medicine and accounting. And in that sense, a Management major will help you develop the skills for how you can manage yourself and also manage the people around you to more effectively do your job. So it will be an asset to you, even if you're not thinking oh, I want to be a manager. It's also not just about working for a corporation, right in the private sector. Management skills can be applied to anything, all sectors. So if you know that you want to work in the public sector, if you want to work for government, or maybe you want to work for the third sector, NGO charities or philanthropic foundations, these management skills can be applied to a broad range of sectors. So think beyond the box if you're not thinking purely corporations; again management can really help you in whatever career and field you choose.
So let me dive a little bit more deeply into the Human Resource Management major. And then we'll quickly wrap up this webinar. And I'll catch any questions that you have.
So the core subjects is you'll be studying Introduction to Human Resource Management, Managing Strategic Performance, Strategic HRM, and Managing Employee Relations. So this is getting really much more deeply into the employee relations side.
So Human Resource Management can take you in a range of places, and don't think it's only going to make you an HR Officer.
So let me give you three case study examples from our former graduates. So this is Bianca. Bianca did a Bachelor of Business with us fairly recently graduated in 2014. So in 2013, before Bianca graduated, Bianca did her internship placement with a company called Zambrero. So in Zambrero, she worked as an HR Consultant purely in a placement during her degree. So when she graduated Zambrero was so impressed by her performance that they offered her a role as an HR Manager, right, that's the dream, you've got your foot in the door, they know, like and trust you. And then within a year because Bianca was so dedicated, so effective as an HR Manager, she was promoted to HR Director. Two years after that Bianca became General Manager. And as of 2018, Bianca became the CEO of Zambrero. So talk about a powerhouse career isn't that wild?
There's also Jonathan. So Jonathan came to us have after having already done a Bachelor in Psychology, and then came in in did a Bachelors of Business with us in 2004. In 2005, Jonathan took that to the other side of the world, and became a recruitment adviser to a London based company called Logica. And then with this kind of international experience, was then able to find work in recruitment for IBM for four years. In 2011 ended up as the Australia and New Zealand recruitment lead within IBM, and then again, jumped to Commonwealth Bank, another huge corporation and became Head of Talent Acquisition, before eventually becoming the Head of Latin America Recruitment for Uber in 2017. So think of the HRM degree as also opening up the world to you, and letting you expose yourself to international management experience, so that you can hop all over the world, of course, once it's safe and sensible to do so after this pandemic.
And finally, I want to introduce you to Arjun. So, Arjun did a Bachelor of Business with us in 2009 and also added a research degree on top of that with an Honours in Management. And what ended up happening was in 2009, Arjun left and did a student scholarship with the United Nations in Thailand, worked as a volunteer for a little while, and then eventually, in 2014, becoming a Diplomat for the Department of Foreign Affairs and Trade. So this is an example where somebody took an HRM degree and everything that they learned, took the opportunities that opened up for them, and then decided to enter a career that's not in conventional HRM but it's applying the skills that they learned in HRM every single day.
So, as I'm wrapping up my webinar, I want to leave you with a top tip for any of you considering studying Management or HRM. Put people first. I want you to pursue this degree, if you are passionate about working with people, if you truly care about people, and you'd love motivating them, cooperating with them and seeing them grow and flourish. So if you can take that passion for people into your degree, it will make you a better teammate, it will make you a better classmate and it will help you learn in collaboration with everybody else around you. And honestly, it will make your degrees so much more fun.
If you need more info, there is a wealth of information on the website that I'm sure you've already seen. We are having a one on one chats via the Tawk platform. I've been in there all morning answering student questions. So if you wanted to know a little bit more, or just like speak with another student, or another lecturer about what you would like to do, and if this degree is right for you, you can have that chat with them there.
Alright. So please stay connected with us. You can get in touch with us via phone via email via social media. And thank you so much for listening to me talk over these last 20 minutes. So I'm going to, as promised, open up the q&a and check in with all of you there.
Okay, so what's the difference between a Bachelor of Business with a major in Management and the Bachelor of Management? Really, I think all this is coming down to is just the particular degree structure, you can, in fact, choose very much the same subjects. And that's still up to you to pick and choose what works for you. So the best thing to do there is just to take a look through the Handbook, and have a have a look at what makes sense to you. What allows you to balance the subjects that you want to do. From a perspective of being a graduate and having the opportunities and the accreditation and the qualifications to enter a career in Management there's no different. So it's up to you to take a look there.
Okay, what is the ATAR needed to get in? It really depends on what Major you're doing. So all the majors have different ATARs attached to it, I also see that someone is answering your question in a little bit more depth via the text as well. So again, have a have a look on our website, we've got all the past ATARs so you can have a sense of what the ballpark figure is. But I really just encourage you, if you're really passionate about one of the majors to just apply, you never know.
Does a Management degree allow a better chance of becoming a manager than doing a Business degree. Alternately, it really comes down to your real world business experience and career advancement beyond your degree. So it won't be that an organization will necessarily go, oh, you've done a management major, great, alright, we're going to make you a manager or you've only done a Bachelor of Business; no, not so much. So really, it's an everything that you learn in your degree will be the skills to help you. And certainly, the Management degree, allows much more detailed, comprehensive and robust training around the Management skills. So that really gives you a leg up and can help distinguish you from more broader Bachelor of Business graduates. But how you make your degrees completely up to you, so you need to demonstrate the leadership, the communication, the motivation, the cooperation skills, to really shine in your organization. And in the HRM and Management majors, we do everything in our power to help you get ready for that.
If we wanted to do HR and another degree is that possible? Yes! All your degrees and your majors and some majors can be mixed and matched. That's one of the beautiful things about UTS is that we really give you a lot of a lot of power and control. So take a look through the Handbook, have a look at what you would like to maybe match your degree with. And, you know, really, it's about what your passions and aspirations are. And you can pick the different degrees to help you complement your skills and your knowledge to excel in that field.
Thank you so much for spending time with me today and taking this time out of your busy schedule. Stay safe, and I really, really hope to meet some of you in my classroom.
Marketing Major
Associate Professor David Waller 0:04
Quiet at the back, I think I can hear a few people talking. There's plenty of seats down the front, if you...Oh sorry, I'm just getting into teacher mode. Hi, everyone, my name is David Waller, I am the Head of the Marketing Discipline Group at UTS. So I'm an Associate Professor here and I wanted to welcome you, and thank you for coming and joining this session on Marketing at UTS. I've been teaching, Marketing for for many years actually, I thought this morning that it's before, most of you were actually born that I'd started teaching marketing. I taught at Charles Sturt, at Newcastle and at UTS and like a number of UTS staff I have got industry experience as well as teaching experience. I teach in the Bachelor of Business, in the Masters, but I also teach in the Bachelor of Business Administration, which is an indigenous program.
So before we go any further, I just like to to remind people that you're standing on indigenous land I'm at Guringai on the Northern Beaches at the moment, I'm not sure where where you are, but hopefully you know that the name of where you are. And also I'd like to acknowledge the Gadigal people of the Eora Nation is ancestral lands UTS stands on. And also I'd like to pay respect for the Elders, past, present and also emerging and acknowledge them as the traditional custodians of knowledge of the land. And talking about the emerging at UTS we have a great program, where we're looking at subjects for for Indigenous students, but also looking at subjects where we learn more about indigenous knowledge and how it can be used in things like this so it's an exciting part about UTS. And UTS is an exciting place to study.
But we're really here to talk about marketing. How many people know about marketing? It's interesting. I mean, we've all heard the term. We all sort of have heard people talk about marketing. But what is it? What do you think of when you think of marketing? What do you think of when you think of marketing? For some people, it's advertising. For some people, it's sales. For some people, I know this is wrong, it's being deceptive.
Now, it's interesting in the; when we look at marketing, we find that out that marketing is a whole lot more than just this. But marketing is a whole range of different activities, different processes. And it does relate to advertising. When you see an advertisement; how many people have seen an advertisement, sometime in the last 20 years. One person has put their hand up. Thank you. Oh now three, four. Okay. You've seen a lot of advertising. And that's part of marketing but that's only one part. You're looking at sales looking at, say the retail store? Who's been to a retail store? Well, probably not that many. How many people have been to a retail store in the last 20 hours? Probably not that many...no one. It's such a changed world. But in that changed world, companies still have to market; still have to send a message to work out their product, have to think about their pricing and think about the distribution and plan the distribution; there's lots of things to do. And so it's sales = deception. Oh, and some people think oh, you know, marketing is bad; marketing is evil. Marketing is a lot about communication, but marketing for some organizations and for some people they've been in trouble, because they've been deceptive. And there's laws against it. But all those things, you'll get to hear in the course. All those things and more, because it's something that's also happening now, something that that is even you're being involved with at the moment, about aspects of marketing, because UTS is marketing itself. And we know that with open days and other universities, they're marketing themselves as well. So marketing is a really interesting, wonderful area but something that you can relate to.
Now, when it comes to marketing, basic part of the basic idea we'll be learning about the marketing management process is you think that there's the broader society, broader society, the marketing environment. If you look at the marketing environment, there'll be things like political, economic, social, cultural, technological, environmental, and legal factors that can influence how you market your product. Now has there been anything say in the last 18 months that has affected how we market our products and services, in the marketplace? in the community? There's been big changes, there's been massive changes. And that's part of also the discussion that we'll be looking at, because those things in that marketing environment affect how you market your product. And for a marketing manager, they've got to look at those uncontrollable factors, things they can't control, and then set out objectives. What are the main objectives? What do we want? We want sales, do we want awareness? It's not all about sales, but for a lot of non-profits and charities, it's marketing. So looking at setting objectives, and then determining the target market. Now, when we're looking at the broader marketplace, it's a big marketplace. But companies can't try and be everything to everyone. So what they do is they segment the market into smaller marketing groupings or segments. And target particular ones as part of their campaign. And position themselves, how they're perceived in the marketplace, compared to their competitors; segment target position; very important part of learning about the target market. And then setting the marketing mix. How many people here are doing business studies? a couple of hands raised. Okay, I'll get you to do the rest of the no I won't get you to do the rest. Oh all the hands going down when I asked that...but you might know the marketing mix, the marketing mix of a controllable factors, marketing environment, things you can't control, things you can control, in the marketing mix. And one of those were the four P's product, price place promotion, but also for services you can see that there's seven P's product, price place promotion, people, process and physical evidence, I mean physical evidence. And so looking at what's happening in with those controllable factors, and planning them, strategically planning them and aiming at the target market is your marketing strategy. And what you do with your marketing strategy, you implement, evaluate and control. Implement - just get the right product at the right price of the place and to people with the right communication. Evaluate - what do you evaluate against your objectives? Are we doing what we said we'd be planning to do? And Control - are we achieving those objectives? Or is there something happening? Or should we take corrective action? Or things to remember for the next time?
So that's the basic marketing management process, but what's central to marketing? I know marketing has changed a lot. But what's central to marketing is the customer. And with the customer working in marketing, it's so important to know about your customer; to understand about your customer. Can anyone think of an example of who a customer is? What's an example of a customer? For many companies, it's you. There's lots of companies that would absolutely love you to know their brand, love you to have a favorable attitude towards their brand. Would love you to actually buy their brand and tell people that it's a good brand. So you're part of this process. And that's something that's really great about marketing is that you can relate to it. But to know about customers is so important know who they are, where they work, where they play, what they watch, what they read, their needs, wants and preferences, because marketing is satisfying the needs and wants to be customers. It's the basic idea of marketing - satisfying the needs and wants of customers. And we'll be learning in the subject how to do that, more about understanding what it actually means, in a broader sense when it comes to marketing. As I said, it's an exciting, and it's a fun area.
So the next step I suppose is to look at what we do in marketing at UTS. Now, if you've, you've done the Bachelor of Business information presentation, you'd know that there's majors, and majors are eight subjects. And you've got to do at least one major when you do your degree. In Marketing, we offer two majors, as part of the Bachelor of Business is Marketing, which is more general marketing subject. And then a major, and there's the Advertising and Marketing Communications Major, I'll be talking about those in a minute. But they have some similar subjects, but Marketing, more general Advertising and Marketing Communications, focusing more on the P's, promotion, and looking at the different types of media that you do, and that's sending a message to the marketplace. There's also if you're really like marketing an extended major you can do which is 12 subjects. But there's also a number of sub-majors, which are four subjects. And you mightn't be interested in marketing as your your main major. But if you do finance, if you do accounting, if you do management, you might want to do either a double major; major with marketing or a sub-major, sub-major like Strategic Marketing, Advanced Advertising, Business Analytics. And having that combination of say accounting and marketing is actually highly prized when it comes to businesses, because they want people to know about marketing. And to understand the customer, they also want to do it within the budget. So having that combination is actually quite helpful. If you're also really keen when you're doing your Bachelor of Business, you can do one extra year and be the Honours in Marketing. We've had a number of great honours students. I've supervised a couple of honours students to completion. And Honours is where you you do a major research project by yourself. Again, to be a really interesting program to be part of.
We're looking at the subjects in the two majors. First of all, the Marketing one what what's marketing, satisfying needs and wants of who consumer satisfying needs and wants. And so it's important, I said, central to marketing is the customer and knowing the customer behavior, extremely important. How do you know about the customer's behavior? Well one way is through marketing research. And so looking at marketing research and ways of getting information to a decision making very important. Integrated marketing communications; the area that I'm involved with; is the promotion part of the four P's and sending a message and integrating integrating different types of media to get the right message and a clear message to the marketplace. Got to think of when you're looking at your controllable factors to aim them at a target audience. That's your marketing strategy to do it in a strategic way. So Marketing Planning and Strategy is part of the core. And then at the end, there's a Applied Project or Capstone. And the Capstone is where you have a particular company as your client, and you do a research project for them. Exciting area. Some of the electives, just quickly, branding, branding is a fairly new subject, and it's quite a popular one. Business Internship. For some people, if you can get an internship in a company and doing the assignments, you can actually have that credit to you as a as a subject. There's more information available about that. But that's an exciting part of the UTS BBus degree. Digital Marketing and Social Media, Entrepreneurial Marketing, all sorts of exciting subjects that are part of the Marketing Major.
As part of the Advertising and Marketing Communications Major we have some of those same core subjects; Consumer Behavior, IMC, Research, Media Planning, how are you going to plan all your media activities? What's the best way of doing them? Advertising Research, what activities that you can do to to clearly find out if your advertising is achieving the objectives? And this has the Capstone to. Also these subjects like Advertising Practice and Advertising Strategies which are from FASS, Faculty of Arts and Sciences, Social Sciences, and their Communication program. And so that you can if you want, choose electives from the Communication program.
Why study in Marketing, Marketing at UTS? Because it's the best subject, at the best university ever! (Is that convincing enough? Wave to me if it's convincing - one person, thank you). It's industry connections. We've got we see the Capstone, Capstone, we've had Revlon, Sandhurst Fine Foods, we've had Microsoft, Lion Nathan, we've had Ferrero Rocher. We've had the Darling Harbour precinct. We've had a number of different organizations as partners for our subjects. And also other subjects, like Pricing has actually been involved in connecting with some non-profit organizations and had projects done, done with them. We've got industry experts who do lectures, some industry experts, we've actually got some tutors who have got great experience in in marketing. And they're actually tutoring because they want to give back to the, to the university and to marketing generally. Those collaborations that we've had, and also marketing professionals are on our Advisory Board. And we mentioned branding. Branding was a subject that actually came up through their Advisory Board and they said, this is a good area; a good way to go.
We've got a world class Academic team - me! Has that convinced you? No? okay, one person, thank you. But we've got some great lecturers and tutors, our staff are wonderful. We've got, we're about the only place that has all the four P's as a subject because we include pricing, we've got an advertising and marketing major, we've got an extended major.
For looking at things like careers. There's lots of different careers in in the area of product brand in relating to advertising, global marketing, consulting, distribution, Marketing Manager, even CEO. I read one study that said, a lot of the main managers and CEOs have had marketing experience because they know about the customer and they know about the business. And so it's really important to have that.
Look at some of the career paths. One of my former students students Renea -Campaign Palace which is an advertising agency, then American Express and involved with American Express and now EFTPOS Australia. An important job.
Maile. She's one of the stars from alumni and she's worked with Procter and Gamble, and was Head of Procter and Gamble, Managing Director and then went to Google. And now Head of Digital at ANZ. She sometimes does guest lectures. And it'd be fantastic for you to hear and to be in a room with with Maile.
The top tip. My top tip, If you do not study you shall not pass...Oh, that didn't sound that good did it? Sorry about that. But it's a great subject. It's a great topic. It's a great area. It's wonderful to work in it. But it's not just given to you. You've got to study, you've got to work hard. And there's a lot of theory, a lot of ideas and concepts. And if you can put it together. It's a fantastic way to go. And that's why I think that with Snoopy, here Snoopy's studying, studying, studying, studying, studying but then he can graduate. And it'd be lovely to see you all graduate at UTS. And I think it's all closed down at the moment but it's important to, to see that there is hope that things are going to open up things are going to be better and it's going to be terrific to to see you are graduating, once you finish the degree. But make sure that you study and also make sure that you look around you. What's happening in in the news, in the papers, online, do your homework, watch more TV and listen to more radio, get different ideas about what's happening. And those ideas enhances the marketing imagination.
If you want more information. There's the Undergraduate Course Guide, really helpful gives you information about all the Majors about the course.
And stay connected. And I think that's one of the main things. If you've got any problems, talk to your tutor, to talk to your lecturer. Keep in communication with people at UTS, we don't want people to fall behind the cracks if there's any problems.
But I hope you enjoyed the presentation that I gave. And I know it's a difficult time at the moment but as things open up, we can then look forward to what's happening in the future and look forward to working in the marketing area.
Sport Business Major
Sport Business Major
00:00
Hi, everyone. Thank you for joining us today where we'll be talking about the sport business major within the Bachelor of Management here at UTS Business School. My name is Rachel and joining me is Dr. Adam Cohen, who coordinates the sport business major.
00:14
Thank you for the introduction, Rachel. Just to briefly introduce myself to those that are listening, who can probably tell that I don't have an Australian accent. I was born and raised in the Boston area in the northeast of United States. Those of you that take classes with me, you're going to hear a lot about Boston sports, whether it's the Celtics or the Patriots, so some of you might love it, some of you might get sick of it pretty quickly. Um, I went to pursue my PhD in sport management about 10 years ago at this point. I received my PhD in 2012 and taught in the sport management department at Texas Tech University for four years and then this opportunity at UTS came up. And I think it's one of the biggest endorsements of the program that I literally packed up and moved halfway around the world, thousands and thousands of kilometers because I wanted to be a part of the sport business program here and the sporting culture here in Australia and look forward to talk more about the program.
01:20
What exactly is sport business?
01:22
Basically, the way that I like to describe it, it's for those that want to get involved with the management side of the sport industry. So this can be a broad scope of things for those that want to work in sales or in marketing or in the outreach side, and this can involve the biggest organizations in the world such as the Olympics, and it trickles all the way down to the local community levels of after school programs or grassroots sporting initiatives in the middle of nowhere. So when you hear the word sport business, it's just as all encompassing term for individuals that want to get involved with management side of sport.
02:11
UTS also offers a Bachelor of Sport and Exercise Management. What's the difference between these two courses?
02:18
Basically, the way I describe it is, those are the more sciency folks. And they're the ones that are taking, that are taking classes that might focus more on physical therapy, or gyms or fitness initiatives in general. So there's still management components, but they're still going to look at things such as kinesiology and fast twitch muscles and while the sport business, we're focusing more on management such as, as I mentioned, marketing, sales, outreach, etc.
02:56
Why should students study a major in sport business?
02:59
That's a great question. And as I mentioned in my intro, I think I'm one of the best endorsements that, you know, I literally moved here because I wanted to be part of the sporting culture and one of the greatest sports cities in the world. If you want to get involved with sport in the city, you have almost unlimited options, from many professional teams, from huge stadiums to large scale events. And we just heard the announcement about the Women's World Cup that is coming in a few years, obviously hosted Olympics and other major events such as the X Games and Invictus Games, and there's always so many different types of opportunities. Our major hope, you know, aims to set you up to succeed in one of those pathways to get involved and again, it could be maybe your dream is to work for the Roosters or to work at the SCG or maybe you care about youth sport initiatives or the nonprofit side of the sporting industry. So we hope that a major in our department can help set you up for that success.
04:10
What are some of the skills and knowledge that students in this major will walk away with?
04:15
Yeah, there's a lot of key skills. And I emphasize these in all my classes. And there's key skills based on specific things you're going to learn such as you're going to become a better writer, you're going to become a better public speaker, you're going to be able to learn to apply research and apply theory. And this is going to be more sociological type of skills that I always emphasize that we hope that you're going to become better at networking. And you're going to be become more comfortable going through an interview process because of your public speaking and your ability to be a critical thinker. And you're going to learn specifics such as you're going to learn marketing strategies, you're going to learn social media techniques, you're gonna learn sales procedures, and all these really specific skills that we hope words set you up for success with your career.
05:19
If students are interested in studying sport business at UTS, what are some of the options available to them?
05:25
You know, we'd love as many people as possible to join us, you know, have it be their primary major, and we think it would be a great direction to go. But one of the nice things here at UTS is many students also use sport as a sub major. So it gets a little confusing because if you take a class, or if you want it to be your sub major, it's called sport management, while the major itself is called sport business, but it's the same thing. Basically what a lot of students that they take it as a sub major, because it goes hand in hand really nicely with some other majors that we have such as tourism, sport and tourism has a lot of synergy. Event management, I have a lot of event management students that want to work in the event space such as the Olympics or such as the World Cup. And, you know, many other majors, sport is this nice kind of secondary option that, for students that want to go down that pathway,
06:32
And what are the subjects that students will be studying in the major?
06:36
Yeah, so our subjects are interesting because it's a mix of really hands on type of opportunities, and more learning sociological type classes. So we have classes, as I've mentioned a few times, that will focus on marketing, focus on management and leadership. And then we'll look at the bigger picture of sport. My passion is more of the impact. So how does sport influence society. How is sport important for gender equality and diversity initiatives which are obviously huge in the current climate. How does sport influence global relations. And then, finally, after you, most of you, when you get to your third year, you'll take a capstone class, which is where we try to apply a lot of the lessons you've learned into some type of practice where we'll align with a local organization. And we'll do some kind of case studies or we'll do some kind of campaign pitch for them or a PR program. We'll try to do something where you're really hands on and communicating and working directly with practitioners in the field.
07:52
What are some of the career options available for students who pursue this major?
07:57
Yeah, when it comes to career options it's interesting because sport business, it really is wide and diverse. So we'll have some students that they'll go straight to sales and they'll work in the sales department for the next 20, 30 years. And we'll have some students that are in charge of organizing and running events, students that are involved with the marketing and social media. You know, we have students that get involved on the media side of things and communication and public relations. So there definitely is not a specific job that students are going to end up with you. We try to guide you and help you out through the process and you know, that can turn into what type of internships you pursue, or what type of projects you work on, which all depends on where your true interests lie in the end.
09:00
What would be your top tip to students thinking about pursuing a major in sport business?
09:05
Yeah, this is a good question. And I emphasize this every year to my students that I'll be the first to say it's a very competitive field. It's not a secret that if your dream job is to work for the Olympics, or work for the Roosters, or work for a major team, then you're going to run into competition. And you're going to be in that pile of many, many CV's. So I always say from from day one, you have to think about how you're going to get your CV into that shortlist, how you're going to get yourself into that room to be interviewed. And top tips are, you know, from the very beginning, just put in a good effort. You know, don't try to skate by, don't try to just get credits. Don't just try to pass the classes, try to stand out. Take advantage of the opportunities that the faculty members such as myself offer, the opportunities that UTS offers in terms of networking and extracurricular activities, take advantage of opportunities to volunteer, and to go above and beyond. And, you know, take those opportunities to work on skills outside of the classroom, such as your networking, such as your public speaking and your interpersonal skills, you know, how are you going to get people in the field to know who you are, and to want to hire you? Yeah, in summary, I just want to emphasize that it's a really exciting and interesting time to want to get involved in sport, because you know, we do. There have been the jobs that have been around forever. And we all know the major professional teams and we all know the big events, but there's been a lot of interesting growth in terms of women's sports. For example, we've had the rise of the AFLW and the rise of women's cricket. You know, women's cricket has exploded in recent years. Community sport, you know, Sydney has invested a lot of money into grassroots operations and parks and rec and youth sport developments. So even if you know your dream is to get involved with the NRL or AFL, just realize that the field is much bigger than that and the opportunities are potentially much bigger than that. One last thing I want to emphasize is with the current events that are going on, and I know the perception is that sports are kind of screwed right now. We see the empty stadiums, we see some of the financial concerns. And look, I want sport to come back as much as anybody. And again, I'm a glass half full person. And I see the opportunity versus the disaster that's going on. And I've talked to people in these organizations and you could see that they're all, they're all planning for 2021, 2022 and their big comeback seasons and sports isn't going away. Australia loves sports. Sydney loves sports, these teams, eventually are going, they're gonna make their comeback. And, you know, in a perfect world, it's gonna be bigger and better than ever because people are gonna be really excited to go back to normal, to normalcy. People are gonna be really excited to go back to doing events and to watch and to buying tickets and enjoying life sport. So, while it seems like it's a ghost town right now, when it comes to sport, I think the opportunity in the next few years for the comeback is going to be really interesting.
12:29
Adam, thank you so much for your time and talking us through sport business.
12:33
Thank you for having me, and happy to any students that have questions, feel free to reach out.
12:40
Thank you everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you have any questions, you can reach out to us via our social media channels, or contact us directly by phone on 95143074 or email business@uts.edu.au. Thanks again.