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Careers in Business
Careers in Business
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.
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.
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?
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?
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.
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.
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?
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.
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?
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.
Thank you so much for your time and for for all of your advice about career paths for UTS Business School graduates.
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.
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 email@example.com. Thank you
UTS Business School: General information
UTS Business School: General Information
Hi, everyone. Thank you for joining us today where we'll be talking about everything undergraduate here at UTS Business School. My name is Rachel and joining me is Dr. Amanda White, one of our senior lecturers, Leonida, who is studying a Bachelor of Economics, Ange, who is in her third year of the Bachelor of Management, digital creative enterprise major, and Patricia, who is studying combined Bachelor of Business Bachelor of Laws.
Hi, everyone. My name is Dr. Amanda White. I am one of the deputy heads in the accounting discipline group at the UTS business school and I'm really excited to tell you today about what we have on offer at UTS.
Today we're going to be presenting on the following topics: ATARs and selection ranks, admission schemes and pathways, course options, combined degrees, internships and scholarships. Now, the first thing most people look at once they've decided on the course is the cutoff, and often are different from uni to uni to what's published. Amanda, what's the difference between an ATAR and a selection rank?
That's a really great question there, Rachel. The difference between an ATAR and a selection rank is that your ATAR is simply the score that you received in completing your finishing year at high school. The selection rank takes into account any of those adjustment points that we might have on offer depending on whether you score a certain level in a number of subjects that we have on offer like English, Mathematics and Business Studies. In 2020, we have a range of different cut offs in our selected ranks. You can see from the slide here that the Bachelor of Business is 87. A Bachelor of economics is 82. Our different Bachelor of Management's range anywhere from 80 up to 81.05. But these ranks are known to change with supply and demand. So expect that they'll be similar but perhaps not exactly the same as you might see them right now. The one that doesn't have a selection rank is the Bachelor of Accounting. That program has a separate entry process where you do need to obtain a certain ATAR and selection rank, however, there's also an application and interview process. If you're interested in that we'll have more information about the Bachelor of Accounting later on in our presentation.
Now, one of the ways to boost your selection rank is through year12 adjustment factors. Amanda, can you talk us through what this exactly is?
Adjustment factors used to be called bonus points at a number of universities, but we now call them adjustment factors. And that means that if you can score in the top band or the top few bands in a number of different subjects, you'll get bonus points up to a maximum of five adjustment factors. So for example, you might get a particular band E2, for example, in maths extension. That'll give you three points. You might get a band five or six in economics. And that'll give you five points, but you can't have more than five adjustment points. So you'll just get the maximum of five, out of that five and three that you've managed to score. You don't actually need to apply for any of these adjustment factors to be added to your ATAR. We just calculate that automatically.
UTS also offers a scheme called inpUTS that's offered to students who've experienced long term disadvantage. Amanda, how does this work?
The inpUTS scheme is really important to us at UTS. We are a university that specializes or likes to focus on doing good for the public. And one of those things that we really think makes a difference is widening participation in university. University is for everybody. So the inpUTS scheme does allow students to get additional adjustment points based on long term disadvantage. That's not necessarily that you were unwell in the weeks leading up to the exam, but you've experienced years of disadvantage. And that could be that you're caring for somebody, you've experienced disadvantage in other ways through long term illness and applications for the inpUTSscheme run until November.
UTS Business School has recently introduced a direct entry option for those who have secured a formal cadetship. Amanda, what does this mean?
Cadetships are a really important part of our business community here in Australia. It's a way that you can leave high school and start straight into either full time or part time work, be mentored and studied at university. I actually did a cadetship when I was 18, I left school, and we now recognize the importance of those cadetships, that you actually, if you receive a connection, you have a formal offer, and all you need to do is send a copy of your contract through to the website that you can see on the screen and that might grant you automatic entry.
If students don't achieve the required selection rank, and they've exhausted all ways of boosting that, what are some of the pathways to gain admission to one of our degrees?
UTS is really, really popular. Our Bachelor of Business and our other business courses are some of the most requested or first preference courses across the entire country. So if you don't get in, don't be dismayed. There are a number of other pathways. One of those is UTS Insearch. It's a institution that's affiliated with UTS. If you can complete a program through Insearch successfully, then you'll gain automatic entry into the Bachelor of Business. Another alternative is to do a diploma at TAFE. And then again, get some recognition of subjects you've studied at TAFE and then come in in about second year of the subjects or of the course. You could also consider doing a degree at another university. then transferring after your first year. I think the rules do say that you could transfer after six months, but generally it's much easier to get a place after studying for a year. Now, of course, those places are all ranked based on performance. So we take everyone who's applied, and we rank them based on performance. So if you're thinking about studying at another institution, or TAFE, make sure you study really hard because we only take the best of those candidates into our programs after that first year intake.
Now, we have other videos available that go through our courses in more detail. But Amanda, would you be able to briefly run us through how the Bachelor of Business works?
Definitely, the Bachelor of Business is our largest program here at UTS. And it's one of the most popular because it gives students a broad understanding of business. So it's really a degree for those who want to understand how business operates because they want to build some sort of a career in business. The course has eight core subjects. That allows you to experience marketing, economics, management, accounting, finance, as well as give you broad skills in things like business statistics, academic writing, problem solving. Then those core subjects, that's your first year, after your first year, you get to choose one major. So that might be in accounting, human resources, marketing. Then once you've got your major selected, then you've got some choices. You could choose another major to do two majors, what we call a double major program, or, that's eight subjects, you could split those eight subjects into two sub majors, which are smaller four subject components, or you could do a sub major and then four electives, that four electives is really popular for students who might want to travel. Now right now, obviously, we can't go anywhere. But by the time that you're getting to that point of your degree, we hope international travel will be allowed and you'll be able to go on exchange to any of hundreds of universities where UTS has a partnership. So the Bachelor of Business gives us this really broad understanding of what business is, if you're not really sure which part of business, the Bachelor of Business is a great place to start, because you don't have to choose your major straightaway, you get that taster of all of the different areas before you have to make your choice.
Ange, you're studying the Bachelor of Management. Can you talk us through what this course is about and how it works?
Um, so the Bachelor of Management is basically a degree for anybody looking to take on roles within specific industries such as events, sports, tourism, or the digital creative enterprise field. So with this degree, basically, you choose your major at the beginning. With the Bachelor of Business, you have a year to test all the majors out through the different subjects and then choose your major at the end. But with the Bachelor of Management, you choose it at the beginning. So that's events, tourism, sports or digital creative enterprise. And then your core subjects are both a combination of just management and your major as well. So if you don't like your major, you also get a chance to try out all the other stuff as well. So we do have sub majors within the Bachelor of Management. So you can sub major in either any of the other streams, so say you do digital creative enterprise, you can sub major in tourism, events, or sports, anything like that. And then you also have electives, so these electives give you a chance to go beyond what you already learned and look at other degrees, whether it's in the business faculty or any of the other faculties as well.
Now on to the Bachelor of Economics, Leonida, can you talk us through your course?
So the Bachelor of Economics are for those students that are particularly interested in economics, so those who wish to focus on economics majorly, while, you know, we do touch on other areas of business, but it is mainly economics that we do. And then in the first year if you can, if you would like to, you can jump straight into your majors for, you know, that would be marketing, finance, management and so on. Or you can choose to do to sub majors, that is great as well, or you can do the electives as Amanda was speaking on before. So, we do the 11 core subjects in Bachelor of Economics. So these will range from, you know, microeconomics subjects, macroeconomics, econometrics, etc. And then you get to choose economics electives later on as well once you have the foundation set with those core subjects, so these will delve a bit deeper into you know, a bit more specialized economic subjects, a bit more niche. And then you also have the choice of doing two business electives. So these can be any subjects from the business school, and what I did do was, I was choosing between a major between marketing and finance. So I used those business electives to set the foundation there because they were, they had prerequisite subjects. So that was the way I used it. You don't have to do it that way. But you know, the option is there.
And last, but definitely not least, is a Bachelor of Accounting, which is a co op scholarship program that was mentioned earlier. Amanda, how does this course work?
The Bachelor of Accounting is one of our flagship programs at UTS. It's very small. It's only about 30 to 35 students that go into our Bachelor of Accounting cohort each year. And it's really for people who definitely know that they want to be accountants, so it's high achieving students who want to specialize in accounting as the path to grow their career. So we're not interested in students who want to be mergers and acquisitions analysts, we're looking for students who really want to be accountants. And in that particular course, there is the eight core subjects, you have to do the accounting major. There are two specialist subjects that you have to do, as well as eight subjects for a second major, two sub majors or sub major and electives. The big bonus with our co-op scholarship program is that these students do receive that scholarship, and it's up to $51,500 tax free over those three years. And the other big benefit is that they get two six month industry placements. The first one will be at the end of first year, and then you'll do another one in third year. And those placements are with our sponsor organizations. So the sponsors contribute the money that goes towards all of the different scholarships, and it's a really tight knit group. We are looking for students with great academic achievement, but we're looking for nice people. We want great people in our program, people who are well rounded, who can juggle other things besides academics.
Combined degrees are always a really popular option for students. Amanda, how do combine degrees work and what are some of the options available?
Combined degrees are a really interesting way to match perhaps two different passions you might have at university, especially if one of them is outside the business field. So combined degrees are not simply two three year degrees added on to each other for six years. That's a really long time at university. Some of our combined degrees are only four years. Most of them are five. With a Bachelor of Business, you can combine your business degree with information systems, arts, creative intelligence and innovation, laws, science, IT, engineering, medical science and biotechnology. Which is a huge lot of combinations for the Bachelor of Business. For the Bachelor of Management, you can do a combined degree with arts in international studies, creative intelligence or innovation. With a Bachelor of Economics, there is only one combined option, that's with law. And with a Bachelor of Accounting, you can't actually combine your Bachelor of Accounting with anything else. So it sits as a standalone degree. Now, most combinations we do see in the Bachelor of Business, if you're doing that arts with international studies, really that idea is that you would spend one year overseas, so you study a specific language, a specific culture, and then you live and go to school in another country for an entire year. So those programs are five years, but the creative intelligence and innovation program doesn't, sort of, add on to your regular time. Those students in that particular double degree will spend all of this summer and winter breaks studying their BCII subjects, as well as one year on the end. For people who are interested in science, medical science, biotech science and IT, then those programs are four years. Now what happens, because these aren't exactly six year programs, is that in the majority of them, you only get to choose one major. So if you're combining something with a Bachelor of Business, normally you'd have the option to choose two majors. But because we're doing a double degree in a slightly condensed timeframe, you only get to choose one major in each of your degrees to minimize that additional time that you spend at university. So you also don't get electives in those instances as well.
So I am currently studying the Bachelor of Business with a Bachelor of Laws and I'm majoring in finance. And as Amanda said, my double degree is a five year course. And like I mentioned, Amanda also mentioned, I, you know, have a bit of changes to my Bachelor of Business component where I only get to choose one major which is my finance major and I don't have any more room or subjects for, you know, electives or another major in my degree. However, my law degree is still you know, the same, I guess full time length as a single law degree would be, there's no kind of, I guess, compromise on that part because there's quite a few standards kind of like, um, to reach when you graduate with a law degree. So there's no real compromise in terms of electives or majors in that sense, but the Bachelor of Business does, you know, a bit cut off like one I guess component, which is like the ability to choose like another major or choose electives or some majors.
Internships are something that we really encourage our students to do. Amanda, what are the benefits of doing an internship and how can students incorporate one into their course?
That's a really great question there, Rachel about internships. First I have to discuss exactly what an internship is. So an internship is an experience where you'll have anywhere between 12 to 18 weeks worth of experience at a firm related to one of your areas of study. So if I was an accounting student, then an internship would be some sort of professional work experience. Now that's really important to us here at UTS, because we pride ourselves on being able to produce work ready graduates and to be able to take all of that theory that you're learning in class and apply it to the workplace. Now, we try to do that in classrooms, but there's nothing like that real experience. So in many of our majors, and also compulsory in the Bachelor of Management, is to have an internship, so we actually have a subject you can do about internships, where you'll learn about how to prepare for your internship, you'll go off to your internship, collect a whole lot of information, report back on what you've learned through your internship. So they're really really important. UTS, of course, I mentioned does have that subject, we do help students. But generally we expect students to find their own internship, but we give them lots of training on how to approach companies to find one. In addition, our Career Service also helps students with internships outside of the internship subject. So in accounting, for example, our major doesn't have room for an internship. But many of our students will take an internship externally, between either first and second year or second and third year. But the internships as part of a subject are done usually during the term, but there is some flexibility there as well depending on when your internship is actually available. Now, most students do an internship in Australia, but there are also opportunities for students to do internships overseas. A number of my students have traveled into Southeast Asia to actually do their internships. So one thing that is important to remember as well, since we're all social distancing, and we're staying at home is that that doesn't stop internships, many of our students who have internships that were meant to be face to face are now doing their internships in a virtual environment sitting at home, working from their bedrooms or kitchens or wherever they might be in those internships. So don't worry about whether you need to be face to face, physically on campus. We're working at lots of different ways to help facilitate internships, whether in person or virtually.
So I completed my internship at the end of 2019. And essentially what I did was that I did the professional internship subject, which is a core for the Bachelor of Management, majoring in digital creative enterprises, I'm quite sure is a core for all the Bachelor of Management students. And so it really gave me the opportunity to learn from experience and that's something that we really can't take for granted. So basically, I did the subject, there are a few little tests and like activities that we had to do, we have to check our resume, interview skills, how to pitch ourselves, things like that, and then I went on to Careers Hub, which is like the goldmine of jobs and opportunities, highly recommend, always use UTS Career Hub. And what I did is that I just applied to a bunch of different internships that relate to my degree. And I ended up working in a startup, a tech based startup in the Sydney CBD and I did marketing for that company. And it was a really great experience, you learn so many different things that you can't learn within the classroom. And I think that's something that UTS is really good at doing, providing those opportunities and those experiences, so I always highly recommend doing internships you learn so much, you meet so many cool people, and overall just a good time, so yeah.
So Amanda, at the moment, the thought of going overseas seems like a long way off. However, once the world gets back to normal, what are some of the ways students can incorporate an international element to their degree?
I miss international travel, I was meant to go on a number of trips this year, to see colleagues and work on projects. So I certainly miss international travel and it's not coming back again anytime in the next six months, I don't think, but when you can go overseas as a domestic student, then we are really fond of sending students away from campus as part of an international exchange. So international exchanges are where you would study three or four subjects overseas in a country. Some of those subjects might be taught in English. They may not be taught in English if you already speak a second language, so that might increase the opportunities of where you could go. But we also have programs like Build, which sends students away on shorter international experiences, as well as our international studies program, which is where you spend that entire year, immersing yourself in a culture and living overseas.
Amanda, what are some of the scholarships available within the business school?
We have a number of different scholarships available. So there is a Business Dean's scholarship which is $30,000 thousand awarded to the top ATAR student within the business faculty. We have the Bachelor of Accounting scholarships that every student, all of the up to 35 students who are in the Bachelor of Accounting, get their scholarship. It's not $51,500 straightaway, they get a fortnightly payment. It's sort of like, just going straight into their bank account. There's the Koch and Frances inclusion scholarship of equity scholarships. But that's not the limit. If you go to uts.edu.au/scholarships, there are hundreds of scholarships available for students to apply. And some of those are for Indigenous students. Some of those are for students from specific areas, studying specific things. So make sure you jump online and see if there are any scholarships available. Because sometimes, in some years, scholarships just don't get awarded because nobody applies. So it's worth looking into all of the different scholarship options that we have at UTS.
And finally, what's everyone's top tip for those interested in coming to UTS Business School?
So my top tip when it comes to preparing to come to UTS Business School is to put your business degree preference as first, because we are very, very popular. But be sure to look online, investigate, check out everything you can about UTS, before you decide that hopefully we're your number one preference, but put us as the number one preference. That's my top tip.
My top tip would be to take all the opportunities that UTS presents to you. I know it's a bit odd in the virtual space. But no doubt UTS has definitely adapted to the circumstances super well. So we do have a lot of really cool volunteering opportunities or, you know, programs that you can do all online and it's a great way to meet people. I know it seems a bit odd considering the space, but it's a great place to meet people and there's so much you get to learn at university. So just take all the opportunities, would be my top tip.
Yeah, just building off what Ange was saying, as well. Just, you know, be ready just to put yourself out there. You know, in your first year, everyone's here for the first time, you know, a lot of them don't have friends either. So just put yourself out there and take opportunities with both hands, because in first year, I feel it's easiest to get on board with everything. And, you know, as you progress, it gets a bit more difficult. So I think in first year, just put yourself out there and see where it takes you.
I'm just building off what Amanda said, I guess my top tip would be to do your research, I think before you know going to university, you know, whether it's UTS, or any other uni or any other course, I think it's really important to do your research about, you know, whether the course is right for you and if you decide that it is right for you, you know, researching, you know how to actually get into the course and maybe even alternative pathways because, you know, as much as people say year 12 is kind of the be all end all, it really isn't. And there are definitely multiple pathways to kind of get to where you want to be. So definitely do your research kind of before you, you know, pull the trigger and kind of decide where you, you know, want to start your university career.
Do your research. Reach out to us, you can always stay connected through our social media pages on Facebook, on Instagram, and you can email us with any questions, and we look forward to welcoming you in 2021.
Patricia, Ange, and Leonida, thank you so much for sharing your experiences, 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 contact us directly by phone on 95143074 or email firstname.lastname@example.org. Thanks again.
UTS Business School Student Experience
UTS Business School Student Experience
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?
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.
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?
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.
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?
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.
Patricia, what have been some of the big differences you've noticed moving from high school to uni?
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.
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.
How much time on average would you spend studying when you're not in a lecture or a tutorial?
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.
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?
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.
Exactly how formal is it when you're liaising with your academic staff? Jasmine, what do you call them?
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.
How maths-heavy is the Bachelor of Business?
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.
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?
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.
Jasmine, do you want to talk us through which clubs and societies that you've been involved in? And how you found them?
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.
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.
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?
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.
Patrcia, what's your favorite spot either on or around campus to grab something to eat?
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.
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.
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?
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.
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.
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.
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?
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.
Patricia, what would your advice be to students that are currently sitting their HSC?
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.
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.
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 email@example.com. Thanks so much.
UTS Business School Parent information session
UTS Business School Parent Information Session
Hello, everybody and thank you for joining us today we're going to be talking about everything you need to know as a parent, or carer, of a child coming to UTS Business School. So, my name is John Elliott and joining me today I have Professor Carl Rhodes, Deputy Dean of UTS Business School, and Dr. Amanda White, who's the Deputy Head of the accounting discipline group within UTS Business School, and an expert in learning technologies and former first year transition coordinator. All three of us are parents, although I think, Amanda, you still have a few years before your child gets to uni.
Yes, my children are three and seven, but they have been to as many open days as they've been alive. So they're keen to come to UTS when they get older. But, I just want to say welcome to all the parents out there. My parents were in the same situation where I chose UTS and one of the best things that we've done is created a session and information for parents about how we assist students in transitioning to university at UTS.
And Carl you've got, you've got a daughter at uni, is that correct?
Thanks, John. Actually, my daughter just graduated uni and I have two boys who also finished some time ago. So that's three of my four children have finished university, the youngest one is still in school.
Now before we get started, I will be covering off a lot in this video. So if you like you can skip ahead. We'll share a little screen now with the times for various sections. So, if you want to know anything specific, you can go to that section now. But today, we're covering off the most important questions that we've received from parents over the years. As Amanda said, we've done these sessions with parents and students for the last two decades almost. And we understand that choosing the right place to study is one of the biggest decisions your child's going to have to make. So the aim of this session is to help equip you with the information you need to help them make an informed decision, that they can also be really comfortable with. Now, for most of you, either you, when you came to university, it was a long time ago, or you've never been to university yourselves. But either way a lot's changed in the last sort of 20 to 30 years. Carl and Amanda, what have you noticed over the last sort of generation, I guess, has been the biggest change in universities since you were an undergraduate student?
Ah, thanks, John. Well, I was an undergraduate student a little more than 25 years ago, but we won't go into the details of that. Um, but I think obviously, if you think about the last 25 years, the biggest changes have been technology. I mean, 25 years ago, I didn't have a mobile phone, I didn't have a computer at home, I didn't have access to the internet. You know, your kids these days may be using Tik Tok, but 25 years ago, Mark Zuckerberg, who founded Facebook, was only 11 years old. So things were very different. And those are obviously, the types of technologies now that we use every day in the classroom and really enable us to provide a richer and technologically enabled experience. I'd say technology is the main thing that's changed. But it's also important to think about what hasn't changed. And what hasn't changed is the value of education. I mean, this is still the same and the possibility of a university education being a transformative experience that can open up opportunities for students for the rest of their lives. And I think what remains the same is probably more important than the much changed.
One of the biggest things for me that's changed, and I've been teaching in higher education for almost two decades, before then I was a student, and also a practitioner in accounting. But for me, the biggest thing that's changed is how we support students. When I was an undergraduate, you just got thrown into the deep end, you had to figure out referencing on your own, you had to learn how to navigate university systems on your own. There wasn't a lot of assistance to support students. But now universities realize and we recognize the importance of helping students transition from wherever they are before, whether that's high school, TAFE, they've had some time off, mature age students. Helping students transition into university has become really, really important. And we know more about learning now. It used to be that university was about transmitting information, and passing on skills, that's still very critical. But how we build those activities to help students develop that knowledge, build those skills, has improved significantly over the last 20 years, and at UTS we're leaders as well, recognized worldwide, in terms of how we support transition of students to university.
That's such an important point, Amanda, I know when I first started university, in the welcome, the dean actually said, look to the left, look to the right, the person next to you won't be there when you graduate. And it was almost a bragging point of, you know, like we were going through Navy SEAL training or something like that. And I think it's really, there has been that fundamental change to support, as opposed to weeding out, as the main motivator for education at uni's as well. I guess the big question for today is, what's the best way that we can help our children choose the right course for them? What's your advice, Carl, on this?
I think, probably, the first bit of advice, remember, parents, that you are helping them choose. You are not choosing for them, you know, this is their education and it's their life. And it's really a choice that they need to be making for themselves. I mean, you know, the transition from school to university is also very much a transition from later childhood into adulthood, it's about making informed choices for which one is responsible, and that's the kind of move. Having said that, in supporting them, they may, I mean, often, you know, with a lot of talk about universities and in terms of employability and what kind of job you can get as a result of doing a particular degree is clearly important. And career opportunities are an important reason that people go to university, but nevertheless, in choosing a degree, I would say the things to look at first, I mean, obviously look at what your son or daughter is good at, you know, they should pursue something, of which, is an area in which they have some kind of natural talent. But also it's possible to be good at things that you really don't enjoy doing. And this can put people in a terrible situation, both at uni and in life more generally. So picking things that they're good at, that they enjoy doing. But also to think of that, I mean, what is your child's goals in life? Now, they're unlikely to be very precise at school age, but there should be some kind of trajectory, some kind of dream as to what the future might hold and how can an education support that. So, I think ahead of you know, the specifics of will you get a job as X, Y or Z, I think these more general concerns are much more important. I mean, education isn't always directly, specifically directed at a job and people's careers can change over time, but a good grounding in a solid education enables people to navigate that kind of change. The focus is on learning and development, so that people can decide what they want to do, and prepare for it. And if you can support your own children, or the young people who you care for, in making those kinds of decisions, then I think you will have been of great service to them.
I think it's really a learning process. You know, when I was 18, I had ideas of what I wanted to do. But coming to university is such a growth process. So much happens in the development of young people in those first few years of university. And so while it's important to make an informed choice to look at all of the universities that have the course on offer, look at what sort of flexibility is available, is the learning the sort of thing that you're after. It's also important to recognize that this doesn't set you in stone for the one career that you have to have for the rest of your life. It's important to recognize that, you know, coming into university that first year is about exploration, and about figuring out who you are. And that continues throughout your entire university experience. And students change their mind. It's absolutely expected that you might stumble upon something. And I always encourage parents to encourage their children to say, yes. If an interesting opportunity comes up, yeah, I'm going to jump on that, I'm going to get involved in something, because they never might know what their passion is. And changing your mind isn't the end of the world. Students do it. Partway through first year I did it. I came in, I thought, I'm going to do accounting and economics. And I loved economics in high school, and I got to university. It just wasn't what I thought economics was going to be. And I think partially because my high school economics teacher didn't come with me to university. But that's all part of also the learning and development and growth process. And now degrees are flexible enough to support students who do change their minds. And sometimes that even means that students go on to further postgraduate study after their undergraduate that helps them narrow down exactly what it is they want to be, I guess, when they grow up. But you know, I've had students finish their business degrees and go into the military, go back into, go into high school teaching, become pastry chefs. But what they've all said to me over all these years is that business was a really great foundation for helping them understand themselves, for helping them understand how to manage their lives. And for those who have gone on to their own businesses, help them figure out how do I run my business? How do I be an entrepreneur? So changing minds is absolutely okay.
I think it's one of the things, that big difference about now to when we were going to university is, when I was choosing a course, there was the UAC guide. And that was it. And now there's so much more information that's available to help make an informed decision around it. Just on our website alone, we have, you can drill right down into subject descriptions. We even have a comparison between our Bachelor of Business and all the other Bachelors of Commerce that you might be considering. But there are detailed videos on all of our majors. There are webinars, there are things, you can go to LinkedIn and look at graduates of programs and see what they've done with their degrees. And to your point, Amanda, how much their degree has or hasn't shaped what they've done since their studies, there are student forum sites, there are all sorts of things that are available to help make an informed decision around what's the right choice, which is so much better than just a combination of UAC and, you know, your mate who's a year older giving you advice about their course. That's important as well. But there's so much more to it. I think one of the challenges we face is that a lot of times students come to us either knowing exactly what they want to do, like yourself Amanda, I wanted to study accounting, but others just have no idea. What's your advice for people whose son or daughter really just has no idea what they want to do? They know they want to go to uni, but that's about it.
Thanks, John. I mean, that is obviously a difficult position if they don't have any real idea of what people want to do. But I think the decision to go to university itself is the first decision to make and if that decision has been made, then there are a variety of different options. I mean, to some extent, a general subject area will need to be chosen initially. So for example, you know, you come with us and choose to do a degree in, in business or in management, or in economics. For example, having said that, you know, even though that is a kind of choice of a general domain of which this degree is in, there are many, many options within that and one of the advantages of our Bachelor of Business degree is that you don't have to choose your major until the end of the first year. So effectively students coming in can go through a range of subjects, of core subjects, in the first year that gives them exposure to the various disciplinaries of the majors in which we teach. That enables them to make a much more informed choice into the second year, so that's much more flexible in terms of their option. And also they also have options to do a variety of combined degrees, anything from Business and Law, Business and Biotechnology, Business and International Studies and many more. So, there's flexibility there to combine business with other areas that may be of interest. So, I think, as I said before, you know, what are they good at? What is it they like doing? What are their general goals? And how can that fit in, and we can then provide some of the flexibility to enable the choices to be made later on. I mean, frankly, asking a person, young person, 17 years or 18 year old years old, what it is they want to do for the rest of their lives? I mean, it's a stupid question. I mean, who can possibly answer that? A few people maybe, but really, the majority would never be in a position to answer answer that anyway. So, I would say encourage them to go to university and use the flexibility that the kind of degrees we have on offer to make the choices later on.
So, another thing that is really helpful for students who are really not sure what they want to major in, where they want their career to go, is to also join some student societies and student clubs, because those student activities also help students build their sense of who they are, what they're interested in. So there's lots of opportunities, even in our remote environment, for students to get involved with the Business Society or the Events Society or all the different clubs and societies that we do have on campus. Because those extra curricular activities, as well, can help students narrow down what their field of expertise might be.
So, once your child has chosen the course that they're going to do, one of the things they then need to do is make sure that regardless of ATAR cut offs and everything, that their top choice is actually also their first preference within UAC. Amanda, how does the selection process work in terms of applicants getting into courses at UTS?
So with our undergraduate courses, and I'm going to talk about three specific courses here: the Bachelor of Business, the Bachelor of Management and the Bachelor of Economics, we'll put aside the Bachelor of Accounting for now, for those courses, they have their ATAR. And you need to put that business course as your number one preference. But what also comes into play is our adjustment point system. It used to be called a bonus point system, where depending on your performance, if students perform really well and rank in the top band for a range of different subjects, they can get up to five extra adjustment points added to their ATAR selection rank. Now students don't have to do anything to get those points. They just automatically get calculated because we have access to all of their results. But it is important that the program that they want to enroll in is their number one choice. That's really important for the Bachelor of Business because last year, it was one of the most popular degrees in the entire country. So making sure it's the first preference means that they've got their, that's the best chance for them to get in. For the Bachelor of Accounting program, that's slightly different. We do take into account ATAR. But there's also an application process. So if your young person is interested in really becoming an accountant, the Bachelor of Accounting is a scholarship co-op program. And you can go onto our website and actually get access to all of the information to find out how we can, or how you, can actually apply. There's a range of different forms. And then there are interviews and other processes to go through besides just looking at the ATAR.
Is it possible for students to sort of waste an ATAR, if they get well above the published cutoff, does that mean they're wasting those points if they choose a course that they're most interested in?
Definitely not. I mean, this is absolutely a misconception. I mean, if you follow this line of thought, we'd have doctors who fainted at the sight of blood. And you know, civil engineers who had no interest in the safety of bridges, it would be a disastrous kind of outcome, when the thing is, is for young people to choose the degree that they want to do, and then focus on on getting the results they need to get into that degree. But it is about pursuing your interests and pursuing your goals, not just about getting into the highest ATAR degree. I mean, you know, it's really a recipe for disaster to think this way, and for people to embark on a potential career trajectory that is not in any way is based on what they want to do, but only based on what's the highest rank or most prestigious degree they can get into. So I would strongly discourage anyone from thinking in this way.
I want to also add my emphatic 'no' there, because that was exactly my situation, I had a TER which is a little bit different. Some of the parents out there might have also received a TER. And my TER was 97.95. And I wanted to do a program that UTS the ATAR, or the TER, cutoff was quite a bit lower. And everyone in my family said, but look you're wasting it, don't you want to go do law or do something else with a higher cutoff? And I said, no, well business is what I want to study. I don't want to also study law. I just wanted to study business. And so while there sometimes can be that idea of wasting those points, if your young person is following what they're passionate about, what they're interested in, there's no way it's ever going to be a waste.
So once once your son or daughter gets their offer, what's the next step? So for me, the most important thing is that you've just got to accept your offer and enrol, and here's a little tip, if you want to defer your fees and use the HECS help system, make sure before you get to that point that you have a tax file number. A lot of, you know, 17-18 year olds, if they've already got part time work, will have that. But if you haven't, get that sorted now, because otherwise that might impede your enrolment. What else do they need to know about sort of accepting enrolments and actually starting at university?
The process is almost entirely done online. So you also need to make sure that you have a clear photograph of yourself, something like a passport photo, you can take one yourself at home, because that'll be part of your student ID. But it's also really important depending on what course you're in, to make sure that you go to the guide and look at what subjects should be studied in your first session or semester. So we call them sessions here at UTS, but essentially, it's the same thing as a semester. It's really important, and the enrolment system will actually gives you some guidance, it will say, look, these are suggested subjects that you should enrol in, students can deviate from those suggestions. But it's really important to make sure that they look at our subject guides and our programs in what we call our handbooks, which is handbook.uts.edu.au. And it'll show you exactly what subjects need to be done in first year. And it's important that those subjects get done, sometimes in a specific order. Because then students, if you haven't done them in the correct order, might run into some troubles a little bit later on, in trying to do some subjects if they haven't done appropriate prerequisites. So the system will recommend what subjects, once they've enrolled, then they need to also make sure they allocate themselves into lectures and tutorials. So quite commonly, students, they go, I've pressed enrol in a specific subject, that's all they need to do, but the system is also going to suggest, well you're going to need to go in there and allocate yourself to a specific lecture time, into a specific tutorial time. Now, of course, if you do find that classes are full, please make sure that you send, the system will have a little button for something called an e-request. So, if a subject that young person wants to enrol in is already full, they can send in an e-request. That will also help notify the subject coordinator that more spaces need to be made available. If they end up in a time slot that's not optimal or not preferred, then they should keep checking back in the system, the system is live and students move in and out of classes all the time. So we really recommend that if you're not in the optimal time slot for you, then keep going back to that system, to make sure that if a spot does become available, you can jump on it and move classes straightaway. Students can also change classes right up until the end of week two. You might, again if you're a little bit unsure of what subjects you might like to pick a little bit later on, students could even try a couple of different electives and go, oh, this is not for me and change to something else. So there's always lots of flexibility. And of course, if students do run into any problems, they can just send one of these e-requests, or contact our Student Centre to get some assistance.
Thanks, Amanda. I mean, that's extremely excellent advice, of which I couldn't possibly add anything except one thing. And that is when you receive the offer and when you accept the offer, the very, very first thing you should do is celebrate. This is a huge achievement and a huge turning point in the life of your children, with all your people you care for. So, please make a big deal about it. It's hugely important, and it's a great opportunity to celebrate. So please don't forget that too.
The flip side to all of this is that sometimes your son or daughter may not get the particular course they want. I know from personal experience with my own children. This can be quite challenging. There's a lot of emotions at play here. And I think, from my experience, the main thing to acknowledge is that there are always other options. We're lucky in Australia in that there are no bad universities. So you will get a good education, it may not be at the university you specifically want to be at, it might not be in the course that you specifically want to do, but the world doesn't end if you don't get the offer that you are hoping to get. It might take a year or more to get to that end point. But there are other universities, there's TAFE, there are pathway programs even at UTS as well. But it will get there. In fact, one of the best students I've met in my time at UTS was a young man who we'll say had a great time at high school, didn't go to well, didn't apply himself, so went to TAFE, studied a business diploma there, used that to gain entry into UTS, decided to knuckle down, got on the Dean's list every single year, did Honour's and got the university medal for his Honour's thesis. So, your ATAR, it's a bit of a cliche, but that ATAR number doesn't define who you are as a student later on. It's not a perfect arbiter of preparedness for university.
Thanks, John. And that's a great story that you just told and one that's perhaps is much more common than many, many people would expect. In the fact that different people's entry into university is different. I mean, the ATAR system is a difficult system, it puts an inordinate amount of pressure on young people. You know, I've heard school kids as young as 10, worrying about what how they're going to do in the HSC. I mean, and this is really a terrible situation that we put it put people in. And so I mean, not getting into the course that you want for one reason or another, obviously can be hugely disappointing. And as you say, can bring up a whole lot of kind of difficult emotions. But the important thing I think is, you know, to encourage people, the kids, to just stick to their goals, to figure out what it is they want and how they're going to pursue them. And if you happen to, you know, have a stumbling block early on, when it comes to not getting into the course or university that's your first choice, then that's not a reason to stop running the race. That's a challenge and it's an obstacle, but one, you know, to find ways to overcome. John, the story of the person you mentioned is a great example of someone who is able to do this. So, you know, it's time now to regroup, to reconsider the options, to think about how those goals will be pursued. And again, university is still an option, both in terms of the variety of universities around the country, and also the variety of different paths, non ATAR based pathways that you can get into university. So yeah, not getting into into the desired course, it's a setback on the journey, but don't make it the end of the journey.
It is that big emotional turmoil. But wherever students are, and I say one of the things that COVID-19, I think has really brought home to my students is the idea of mindfulness of whichever program, whichever pathway you choose, even if it's not the university, you were originally after, think, okay, well, I'm here and this is how I'm going to take advantage of everything that's on offer in this different pathway that I'm taking to my goal. That's just really important to think about. Okay, I'm not just doing this because it's the pathway to UTS. But, what can I learn in this situation? What can I learn from my peers, from my teachers from the people around me from my experiences, and we can take advantage of all of that. In our learning, it's not just the school environment, or the university environment, but it's taking everything in our environment into account. And being mindful and cognizant of all the things that we can take advantage of, in that specific situation.
How can parents and carers help their sons and daughters prepare once they've got their offer? How do they prepare for university? I've had some parents come to me and say, oh, you know, I need to get my daughter's reading list so she can start getting prepared. This is in November, before they start University. What did they need to do before they start, to get ready for university?
There's so many things that can be done. I mean, the first one is, if you're starting in the standard time, in the Autumn semester is having a great summer, really enjoy a wonderful summer. And the idea of reading all the reading list over summer, before university, is something that I would strongly discourage anyone from doing. There's plenty of time to be studying when you're here, and certainly that's not the case. And so, in terms of parents, if you were to be making the suggestion, I mean, you know, back off. The difference between school and university is that university is much more self directed. This is not now about kids who are going to, you know, get punished with detentions if they don't do the right thing, or kind of, you know, kind of, jump out of their seats when the when the bell goes off, it's a much more self directed activity and requires much more responsibility. So I think expecting that responsibility of people starting university is important. And while they might be your children, they're not children anymore, you know, they're young adults and deserve to be treated this way. And so the main thing is not to try and push them into working the way that you want them to, or certainly not for you to try and do the work on their behalf, but to provide them with the encouragement and the support, to give them the space to get the work done, but also the space to make mistakes. And remember that a university education is not just about academics. It's about a whole process of growing up, a process of transition from childhood to adulthood. That means learning new things, of course, and it means you know, doing assessments and assignments and reading books, and so forth, but it's also about making new friends, experimenting with new things. And again, you know, it's about making mistakes. So let them do this. Let go. That's my main advice.
Amanda, what do students actually need to bring to university when they get here?
And the number one thing I always ask my students to bring with them is their curiosity, their idea that they'll say yes to getting involved in something, and that curiosity and that drive for learning is the number one thing we want students to bring with them, to UTS and to university wherever they're studying. As a teacher, that's what I want from my students. Of course, there are going to be some technical things. So most students these days will bring with them an electronic device, whether that be a laptop, a tablet, some combination of either, we don't have a specific required piece of technology for students to learn with. We design all of our learning to be device independent. But, you know, this again, comes down to your young person's preferences. So they might like to type, they might like to handwrite, so we see a lot of students with something that will allow them to do both. So quite often a laptop that has a stylus that they can write on the screen with. But they do need usually a device that will allow them to connect to the Wi Fi. So they won't need to have a lot of data on their mobile plan to allow them to come to university, because on campus they'll have access to our Wi Fi, they can use as much of the internet as they like. The other thing that we suggest students also bring with them or we like them to bring with them is also a reusable water bottle. We're trying to reduce plastic waste on campus. So we are trying to go plastic free. So there are water bottle filling stations everywhere for filtered water. In all of our buildings on campus. Students might choose just to bring lunch with them or snacks. They can book themselves a locker through UTS activate, which is our Students Association. So they can book a locker to put some things in at university, if you don't want to bring them back and forth every day. For students who do decide they want to bring lunch, then we have microwave facilities as well, but we don't have fridge and food storage facilities. So that's the other thing that they do need to think about in terms of what to bring. But otherwise, you know, those basic pieces of technology, of course, we still have students who prefer to handwrite everything on paper. That's absolutely okay as well. But that sense of enthusiasm and curiosity is the number one thing we ask students to bring with them.
A big question that we get asked is, how much time does university actually take?
Students should think about university, if you're studying full time, like a full time job. So a full time job is 35 to 40 hours a week. And so we would expect students enrolled in one of our business programs full time to be spending about 35 to 40 hours per week on their studies. Now, that might mean about three hours per subject in class. Two to three hours per subject physically in a class or online in a class, but then also that means anywhere between six to nine hours of individual time outside of the classroom, which is readings, assignments, doing quizzes, online watching videos, etc. So, it's really important that they think about full time university like a full time job. It's not just the face to face or contact hours that they have with their teaching staff, but also any outside work that students need to prepare for.
And speaking of jobs, a lot of students either by choice or necessity are going to be working while they're at university. What are some of the benefits of working while studying but also how much work is too much work?
I think too much work is when you do so much work that it interferes with your ability to complete the degree successfully. To some extent that will vary from person to person. Having said that, working while doing a degree is a good option for many people, obviously, financially, it, as you say, could be necessary or certainly if not helpful. But also if you're studying a business degree, having that experience working in a business, at whatever level, still gives you some experience of how businesses operate. And if you learn things at university, you know, and you even if you're observing the workplace around you, you might see different things to you as to get what you have wise might do. So this can, can can help in terms of your education as well. And possibly if you're able to, to get part time work in industries or doing kind of work that somehow related to some of the things that you're considering taking up as a career. That's a good way to kind of do a bit of a try before you buy kind of scheme, as well, so it can help in making career choices. It can help him in providing some understanding of how business organizations and workplaces work. But the main thing is, don't let it interfere with your success at university. It should be there to support that success.
So what's the biggest difference between the way they'll be taught and the way they'll learn within the UTS Business School and what they may have already experienced at high school?
I think the key difference between studying at university and studying at high school is that at university, we're not checking up on students to the same extent. So while your teachers in high school would know exactly where you're up to in your studies and your preparation in doing an assignment, I am not taking the roll in a lecture that has 350 students in it. If students don't turn up to class, I don't get worried, unless I, you know, know something else is going on. So it's a different level of care. And that's because we're expecting our students to be adults, that they are self directed, that if they think it's important to come to class, they'll come to class to engage. The other thing that's also different is that our learning is all hands on. So we want to have hands on, active learning, applying theories, and explaining why we're making decisions and developing all of our different graduate attributes. But again, students need to lean into those opportunities. We provide lots of opportunities for students to engage online, in person in on campus classes when we can have them but students need to opt in, to lean into these activities because if they don't, I'm not necessarily going to chase up every student who doesn't attend the lecture or doesn't attend the tutorials. So they really need to be in charge of their own destiny when it comes to learning.
So I guess we're talking about what parents should do. But a big question is in what do we not want parents and carers to do for their sons and daughters while they're at university?
I think the main thing is, you know, is related to what Amanda was just saying is, this is about people now becoming responsible and making that transition to becoming responsible adults. So the main thing is don't interfere too much. Don't be too bossy. Don't try and do the work for them. And so really, what's important is to provide students with a supportive home environment, and with the encouragement and knowing that you're behind them and wanting them to be successful at this. But to do that in a way that isn't as directive as it might be, you might want to do with high school students, and certainly not in a way that is, is controlling, and also to be there for them when they ask for help, and to provide that kind of solid backdrop which will enable them to succeed on their own terms, and with their own sense of responsibility for what they're doing.
One thing that's really important in asking for help as well with students is encouraging your young person to get help at the university. And so while, yes, you may have some experience in the subject matter or the topic area that they're studying, it's really important that they ask for assistance from their academics, their teachers, their tutors, from the university's writing service, from the university's academic support services. Encouraging them if they are struggling to reach out for that help is really important. What we really don't want parents to do, is to do work for students. And it's a very fine line between giving students feedback, you're reading an essay and providing some feedback. Then reading an essay, opening it in Word, using the track changes mode to suggest edits, and change grammar and rewrite parts of the assignment for your young person. It's really important that they learn the principles around academic integrity that they're doing the work themselves, and that they're presenting work and recognizing when they do get assistance from others. Because we want students to be turning in their own work, and it's great, you know, I have a seven year old and feedback is things like, oh, you know, this is really great, but this sentence is unclear. Think about how you could make it more clear or, you know, to you know, I do have a niece, she's at university. So she sometimes does send things to me to have a read even though I'm not in her discipline area. And my feedback will be things like I really understand the introduction, but I get lost in figuring out what your main point of the paper is. So rather than thinking, oh, I could rewrite this for you, and it's really important to encourage them to get help from university. Now, one thing I do want to mention is that social media and the internet does tend to also target students who are struggling academically. So if your child writes on Facebook, oh, this essay I'm really struggling with, or in social media somewhere, they can be guaranteed that fairly soon after that, if that post is public, they will be approached by some sort of entity that will offer to do that assignment, or that quiz, or that test for them, for often a very low dollar value. What I would really emphasize to parents here is that these schemes are often entry points into bribery traps. So once you've student has paid for that particular assessment item, then it becomes, you know, they'll get an email that will say, if you don't pay us an extra $50 a month, we will write to your institution. And we will, you know, it's a blackmail scheme. So please make sure that if they do get into that sort of trouble, or if they considering purchasing an assignment that they get help from the university. If they do end up purchasing a piece of assessment, and they get stuck in one of these blackmail schemes, you can approach the university for assistance and we will help that student. But please be aware that this is really at the forefront of what technology is doing to harm our students at university and something as a parent just to be aware of.
I think that the last thing I'd like to add on that is that both my sons are at university and I keep sort of having to stop myself from comparing their experience with mine. I had a great time at university, met wonderful people, I met my wife at university. And I keep wanting to live vicariously through my university experience again through them. It's their turn now, and things are different, the way they go to university is different. And I've just got to let them enjoy their time as much as they can, which is important. Now another thing that is we're all concerned about is the safety of sons and daughters when they're at university. How does UTS look to help look after that, while they're with us?
Well, on the one hand, there's things like Amanda was just talking about the kind of support we can offer, that if students do get into trouble, if you like, for example, with these kinds of predatory people trying to try to take advantage, we do offer support. And that's not just jumping straight into kind of punitive things. But more generally, you know, we believe that all UTS students have the right to be safe on campus. And this is an absolute priority for us. In the event that students do encounter any issues with with personal safety, we do have 24/7 security on campus, as well as various campus help points that students can use to get assistance in the unlikely chance that there are safety issues that they encounter. We very much encourage students also to take responsibility for their own safety. University buildings are public buildings, and like any other public buildings, come with a range of of potential risks. Students can take responsibility, taking care of valuables, you know, not leaving your phone visible for someone to want to take, or your computer, more generally, people being aware of of their surroundings, and really to operate the way that they would in any other public space that they might be involved in. I mean, another thing that we're very focused on is we're a member of a national campaign across all universities in this country called Respect Now Always, and this is focused on eliminating sexual assault and harassment in campuses and we're very active in this. This involves mainly student awareness and education. So that when students join us, we make them absolutely aware of what their rights are, what their responsibilities are, what is and is not okay in terms of how they behave with other students in relation to relationships. Our focus is on the elimination of sexual assault and harassment, through knowledge and through making our students aware of that. And of course, you know, in the event that there are breaches, in the event that there are disclosures by people of things that may have happened to them, we also have processes for dealing with that. So across all dimensions of safety, and health and safety more generally, it is an absolutely priority for us to provide a good environment for students who come here.
Another thing to add is also to, I'll get John to put the UTS security phone number up on the screen. That's one that I would always suggest to students that they program into their phone, just in case they do need to call security. There's also, when we do have classes on campus, we also have a shuttle service that runs between our buildings, if students are worried about walking long distances at night, and another one that I also inform students of as well is the UTS sexual assault hotline. They'll see that number also all over campus, in case they do need to report or they can disclose to an academic or another staff member at the university that they trust.
I'm the marketing guy, so I of course, think everybody should come to UTS. But what are your main reasons? Why do you think students should choose UTS?
Now, UTS is Australia's number one young university. We pride ourselves on being agile and being innovative and being creative in everything that we do. And this is very much the kind of education that we provide. We are focused very much on teaching based on the most up-to-date, and rigorous knowledge that is available. But we also want to do that in a way that takes advantage of the latest in both learning technologies as well as as learning techniques and processes. And also making that knowledge relevant to the challenges of professional practice. But also, really importantly, as a Business School, we're not just, we don't just see ourselves as a kind of training ground for some job that someone will do later on. That's obviously key to what we do. But there's much more than we do in there as well, and it's our aim to educate our students to be good citizens who can make lasting contributions to society through the work that we do. So, we also try and teach people to be critically aware, so that they can help develop the kind of imagination and strength of character to be the leaders of tomorrow. And if this is the kind of education that a young person wants then I would say, UTS Business School is the place to get that education.
So one of the reasons I chose to come to UTS back in 1997, and it's still a really strong reason to come to UTS is the flexibility of our programs, the ability to study part time, full time, the flexibility of the courses, and what subjects you can study in which order that flexibility was really appealing to me. That allowed me to organize university and in life in a way that wasn't just the university giving me my timetable. I had some more control over that. And another thing that I really love about UTS, and I'm involved in working with a lot of other institutions and communicating with a lot of other academics and support staff at other universities, is our support programs. Our peer assisted study program we run, called UPass is one of the best in the country. It's one of the largest peer supported study schemes in the country that we run centrally through UTS. Our students are great employees, so we have this really strong connection with industry. And they recognize that UTS produces work ready graduates, that's one of the big things I'm always talking to my students about. And then if you go to ComparEd.edu.au, and the website will flash up on the screen here, you can actually compare the student experience data. So when students leave university, the government actually independently asks them about their experiences across all universities. If you go onto the Compare Ed website, you can see how UTS, or any other university, stacks up in the business area against others in terms of the student learning experience, the facilities, the teachers, and you'll see that UTS ranks very, very highly. One of the things that my students love is that, you know, we're bringing the real world into our classroom. We're engaging industry partners, we're encouraging students to get internships. And we're supporting students all the way from first day of university, which we call the first day of the rest of their career, right through to even after they graduate. After students graduate from UTS, they still have access to our mentoring services, to our career development services in our careers unit. So when students graduate from UTS, they leave their campuses physically, but they still stay part of our UTS family. And that's one thing that I really value, especially with LinkedIn and social media, is that now the tutors that I bring into my classroom, the special guests that I bring in, are our alumni and that just helps strengthen our relationships between our alumni, our employers, and our students today.
Finally, my last question is what's the number one piece of advice you would give parents and carers?
My number one piece of advice would be encourage your children to follow their dreams and to use education to become the adults that they want to be.
What is going to be my number one top tip for parents, be supportive. Even if they're changing track, they're unsure, support their decisions, and just give them that space. Also, you know, sometimes play devil's advocate of what if, what if, but encourage them to lean into university. It's not just about academics. It's about developing their whole selves and discovering who they are. And that's a process that's going to continue after they finish university as well, but one that really flourishes in a supportive University and home environment. I encourage you to say, get them to connect with us as well on social media. We encourage parents also to connect with us on social media through our Facebook page, Instagram, if you have it, and on LinkedIn, because information about the university is always coming out on our social media channels as well.
So, Amanda and Carl, I'd like to thank you so much for your time. And for everybody tuning into this, please feel free to explore all the other videos that we have detailing our courses, majors, other information, you can watch our student experience videos, all that sort of thing. If you have any questions you can reach out to us via social media channels that we've already mentioned, or contact directly contact us directly by phone using the numbers provided and the email address you can see below as well. Thank you so much. Good luck with helping your son or daughter make the right choice for them.
Undergraduate or postgraduate Business student?
Mature age or postgraduate Business student?
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?
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.
And do students need to sit some form of GMAT or anything like that to prepare themselves for postgraduate entry?
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.
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?
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.
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.
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?
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.
And Rachel, how many hours per week are we looking at, to study for either undergraduate or postgraduate?
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.
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?
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.
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.
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.
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.
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?
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.
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.
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.
Bachelor of Business
Hi, everyone. Thank you for joining us today where we will be talking about the Bachelor of Business here at UTS Business School. My name is Rachel and joining me is Dr. Anurag Hingorani, who is the Bachelor of Business director, Jasmine, who is studying the combined Bachelor of Business Bachelor of Creative Intelligence and Innovation. And Patricia, who is studying the Bachelor of Business Bachelor of Laws. One of the questions we get asked all the time is, what's the difference between Business and Commerce? Is commerce more finance centered? Is there an actual difference?
Hi, Rachel. Hi, everyone. Welcome to this webinar. Rachel, that's a very good question. Especially since I think we are the only one in the Sydney area that refer to the course as Bachelor of Business rather than Bachelor of Commerce. Really, there is no difference, the content is the same. Um, I would say that the Bachelor of Commerce as a name is somewhat narrow in scope. Because you know, you don't own a commerce, you own a business. So that's probably why we've retained the name that when you're talking about activities related to the buying and selling of goods, which is commerce, there are other activities associated with that. One of those activities is managing people human resource management, which the term commerce doesn't necessarily capture. So essentially, both Bachelor of Business and Bachelor of Commerce are the same degrees. We've just retained the name business because you own a business, you don't own a commerce.
So how do students decide which course to choose?
So the content of the various degrees is essentially the same. They're similar. And I think it comes down to a variety of factors. It might be a lot of individuals factors. So, for example, we would say location is important to some people, some students, also we are located where business occurs. So, that might be a consideration. For me I would say when I was a student, a lot of times I made my decisions based on what my friends did. So, it is likely that you might be making decisions such as where to go for your Bachelor of Commerce or Bachelor of Business based on where your friends are going. And if I may say so, we get the most number of first preference applications. So what that means is many students are applying to UTS for the Bachelor of Business course. So chances are that many of your friends are planning to join us so that might be something to consider as well. Also, reputation. I know many of the universities have a variety of accreditations. But we are also proud of our accreditations and recognition that we have received from a variety of professional bodies. For example, the Australian Human Resource Institute, the Australian Marketing Institute. So our reputation is of course important. And at the end of the day, I think once you've done your research, you'll have a clearer idea of what you want to do and where you want to study as well. So there's a variety of factors. I know, it's very individual, but these are some of the things that come to mind.
Patricia, what were you looking for in a business degree when it came time for you to choose your UAC preferences?
Thanks Rach so I guess back in high school, the thing that really drew me to UTS and the business course here was flexibility. I think the really good thing about the Bachelor of Business is that in your first year, you have this whole year to kind of experience different, I guess, subjects which are on offer at the Bachelor of Business, and that kind of leads into, you know, what majors you could potentially choose to do in your last two years. And I think that was a really good, I guess, distinguishing factor from other universities because you really had that first year, the entire year to kind of try out things and really consider your options before making, I guess, a commitment to you know, either a finance, accounting, marketing or whatever major you decided to do in, you know, your second and third year. So that was a really, I guess, good selling factor for me when I was considering them what course to choose.
Now, Anurag, you mentioned that a Bachelor of Business isn't more or less finance-centered than a Bachelor of Commerce. But we in fact, span every field of business within the Bachelor of Business, don't we?
Yes, that's correct, Rachel, we do cover every aspect of business, accounting, economics, finance, management, marketing, all of them. And in fact, if students have interested, you can drill down further and specialize in areas such as human resource management, international business, advertising as well. So yes, we do cover every aspect of business.
Anurag, so both you and Patricia have mentioned that you don't need to choose your major straightaway. Can you talk us through how the course works?
Sure, Rachel. So the first year, students complete a set of eight subjects, they are core subjects, every student has to do it. So if you were thinking of majoring in accounting, you don't have to make that decision. You do not make that decision, in fact, in the first year, so if you are thinking of majoring in marketing in the first year, you'll have in accounting sorry, you'll have to do marketing, you have to do economics, you'll have to do finance. So in the first year, all students do the same set of eight subjects. Those subjects include accounting, economics, finance, marketing, management, integrating business perspectives, which is a subject that is unique to us, where you learn how the different discipline groups such as accounting, economics, finance, management, marketing are interrelated. You do not have to make a decision in the first year at all, okay? It's only in the second year that you start making a decision about a major that you need to complete or embark on. So in the first year, the decision is made for you. You do not have to make any decisions. You've got to do a set of eight subjects. And then towards the end of the first year, you've got to start thinking about the kind of major area you want to specialize in. And then because it's a three year full time course, we have a variety of different options for you in terms of how you can structure the Bachelor of Business course.
Patricia, what are you majoring in and did you know that's what you wanted to major in? How did you make that decision?
I'm currently majoring in finance. And I guess to answer your question, I didn't really know that I wanted to major in finance in my first year. I think when I started off my degree, always thinking maybe I'll be majoring in accounting or even something like marketing or HR. And I didn't do I guess the finance, the first year finance subject until my second semester. So I didn't really know anything about, I guess, like, the major itself. But I think after, you know, experiencing all the different subjects that I did in my first year and doing the finance subject, I was really drawn to it. It was like the subject that interests you most. And I think that was kind of the reason, obviously, why I chose to major major in finance as opposed to the other disciplines like accounting or marketing. So I didn't really know, I guess, in the beginning, but I think after actually going through all the different subjects and doing finance itself, it really helped me make my decision.
What are some of the ways that students can tailor their degree to their interests?
So there are five different ways in which students can structure their course. So the first year, everyone does the same set of core subjects. Then in the second year, everyone embarks on a major, but then you might decide to either do a second major, that is one of the options that are available. So for example, you might have marketing as your first major. And then some of you might decide to do finance as a second major. So that is the structure you have opted for doing two majors. So for example, a marketing student who's also doing a finance major, when they graduate might decide to marry the two together and work in a marketing role for a bank, for example, or they might decide they just want to focus on the marketing side of things, or the finance side of things. So be applying only for marketing jobs, or finance jobs. So interestingly enough, having told you this, not all students opt for this structure where you can do two majors. Another option that students can consider is that they don't do two majors. But they do a major and two sub majors. The sub majors are basically what we call minors. These are half majors. So for example, again, using, say a marketing student, a marketing student might do a marketing major, a finance sub major, and perhaps a management sub major. So they're getting a taste for finance and management by doing sub majors, but they're not doing a full blown finance major. Now what might happen is that let's see someone has started the first structure that I talked about, where you can do two majors, a marketing major and a finance major. Let's say someone has started the finance major, and then decides that that's not for them. So depending on the subjects they have completed in that finance major, they can convert that into a sub major. Of course, these are details that we will tell you once you join us. But this is just to give you an idea in terms of how flexible the Bachelor of Business is. Another option is where everyone does the first eight core, of course, you start on a major, and instead of doing a second major or two sub majors, you decide you want to do a sub major and four free electives. Now, again, using the example I've started with marketing as a major, you might have marketing as a major, finance as a sub major. And then the four electives could be from anywhere in the business school. And when I say free electives, they're not free. They're unspecified electives, which means you can choose, I don't know, if you're interested in visual design, if that's the course that's available. If we had horseriding as an elective, perhaps you could even do that. That's what we mean by free elective. It's not necessarily connected to the Bachelor of Business only. So that's another option. Now this structure where students are doing a major, a sub major and four electives is an option taken by some students who want to study abroad, go on exchange. So that's another consideration. Hopefully, fingers crossed, we will soon be able to travel and that will be an option that you will be able to consider or take up. Then we have two more options, bear with me. Another option is where students might decide they are really interested in marketing, and they don't want to just do a major. So this option is called an extended major. So an extended major is 12 subjects, a major is eight subjects. So if students decide on an extended major, then they cannot do a second major, the structure doesn't allow you to do that. But one option is that if you do an extended major, then you could do a sub major or a minor with it. So you might do an extended major in marketing. And you could do a sub major in finance, for example. And the last option is also one, with an extended major, where you do an extended major, but instead of a sub major, you do the four free electives. So in summary, I know this is a lot of information. This is information that's available on the website, and you don't have to make any of these decisions in the first year, but to summarize, there are five different options. So you can do two majors. You can do a major and two sub majors. You can do a major, a sub major and electives. You could do an extended major with sub majors. And you can do an extended major with electives.
Jasmine, how did you choose to structure the business component of your degree?
As Anurag talked about, you can choose to do two full majors which is actually what I started in. Um, so I picked, to go with the example a marketing major and an economics major. And I was intending to complete those two full majors but what happened was I started my economics major and I decided that I liked it but I also wanted to try the sub major called management consulting. So I opted into the management consulting sub major and I converted my economics major into a sub major after the first year. So in my first year, I did marketing and economics subjects and now in my third year, I'm doing marketing and management consulting subjects to finish off my degree. So in the end, I ended up with a marketing full major and a sub major in Economics and Management Consulting.
Anurag, is there a requirement to have done a particular level of maths to be able to successfully complete the Bachelor of Business?
Well, the short answer is maths is not a prerequisite for the Bachelor of Business. However, there is some assumed knowledge. What I tell students is, do you know what is the mean median mode? If you know that, that's the level of maths you would need to know. But interestingly enough, even if you don't know what is the mean median mode, for example, you will be taking a course in business statistics in the first year. You will learn about the mean median mode again. Although maths is not a prerequisite and there is assumed knowledge of maths, if you need support, we have support available to you in the form of bridging courses, which are free to business students. So you have bridging courses in algebra, in calculus, as well there is something called UPass, which stands for peer assisted study sessions. And that is something you will explore once you join us. But there is support available to you. And again, the short answer is maths is not a prerequisite.
It's a really interesting point that we make. I personally did three unit maths when I was in high school and I ended up going into the business statistics subject that we spoke about, and I found that sometimes I'd be sitting next to someone who'd only done general maths at school, and a completely different syllabus, and they in fact knew a little bit more about this main medium mode type maths than I did, because I hadn't done it since maybe year 10. And so for me, I found that there was a mix of stuff that I had to reteach myself. And there was also stuff in there that I knew already. And I guess, among the class, there was a difference in knowledge. But basically, the teachers will take you through it from the beginning to the end. So if there's something that you need to be retaught, you will get to pick it up during the course. And also there are those peer assisted study sessions you can go to and that's exactly what I did for the business statistics subjects. I was someone who did quite enjoy maths in school. And so I did do three units of it, but I still got to university and I wanted to make sure that I really understood all of the elements of the course. And so I made sure that I understood that all before I went into the final exam and I ended up doing well, a lot of the students in my classes all did well with me.
So as we can see on the slide, there are so many options that you can combine the Bachelor of Business with. Laws, engineering, science, IT, but depending on the course you want to do, there are implications for the structure of your degree. Now, Jasmine, you're doing business and creative intelligence and innovation. Can you talk us through how your degree is structured?
Sure. So for the first three years, I'm pretty much a standard business student throughout the semester. So in autumn and spring sessions, I go and I just do four business subjects in both of those semesters. But what happens for me is, in order to get some of my creative intelligence and innovation, we nickname it BCII, the degree, so in order to get my BCII subjects done, we do two schools in the summer and winter. They're basically two week intensives to get one subject done. So for example, on Monday, I'm going to start one of my intensive schools so we go Monday to Friday, every day in the week. Usually around nine to five, we'll do our learning. And there's some assessments in that. And so after the two weeks, we have one whole subject done. So for the first three years, I do a normal business semester and a short intensive, I do another normal business semester, and then another short intensive, which gets me through a whole year of that double degree. And then by the end of the first three years of my degree, I've done six BCII subjects and I finished my business degree. And the fourth year in my double is completely composed of BCII subjects, and some industry work within that. So next year, when I move into my fourth year, I will not have any business subjects left, I'll have completely finished my business degree, I will just have BCII subjects left. And so that is a bit of a different course to many of the other doubles. But that's how we fit in all of our subjects for both degrees into the one four year block.
Now Patricia, you're doing business and laws, and that's quite different in terms of how the degree is structured in terms of duration, number of majors you can do, can you talk us through how your combined degree is structured?
Yeah. So our structure is, I guess a bit different to something like the Bachelor of Business and BCII. With the Bachelor of Business with a Bachelor of Laws, it's a five year double degree. And what's a bit different is that we only get one major as part of the Bachelor of Business component. So for me, I'm only majoring in finance as opposed to having, say, a major in finance and two sub majors. I don't get that, I guess, extra, you know, amount of subjects to choose any sub majors or electives as part of my Bachelor of Business. And in terms of the Bachelor of Laws, I guess, side of things, there's really no compromise, there is still a full bachelor's degree that you would get if you were studying as a single degree as well. And yeah, I guess, in terms of structure, it is a bit different. You know, we don't have any, I guess intensive courses. Everything's done in the autumn and spring semesters, but there is an optional summer semester, which is, I guess, available to all other students in other degrees as well.
What exactly does professional accreditation mean? And what are the benefits for our students?
Yes, Rachel. I talked about professional accreditation earlier on when I was talking about reputation. Essentially, accreditation is a form of recognition or endorsement by several local professional associations and bodies, such as the Australian Human Resource Institute, Australian Marketing Institute, for example. And we have received those endorsements, if you will, because these associations have found the matter of course, to be relevant for the professions, we are delivering relevant education for the professions. Now, sometimes it's the whole course. Sometimes it might be a subject, sometimes it could be a major that has received accreditation or endorsement. So the benefit for students would be that when they are looking for employment, employers know that they have come from a university and they've done a course, which has been recognized by the professional bodies and associations. I know many of you are just thinking about your undergraduate education. But maybe in the future, you might want to do a master's level study, maybe at an international university. Of course, we'd like you to do it with us. But if you're considering postgraduate study at another university, fact that you've done your studies, your undergraduate, your Bachelor of Business with us, will hold you in good stead because they would know that the local professional bodies have recognized our course. I should also mention that we currently also have the recognition of our courses by AACSB, which is the Association to Advance Collegiate Schools of Business. That is a global body which endorses courses. So coming back to my point about wanting to do a Master's course down the track, maybe you're doing it in some country that hasn't heard of UTS or the UTS business school, they will definitely have heard of AACSB, so that will hold you in good stead as well. So in short, the fact that we have received this professional accreditation means that we're delivering relevant education, education that is relevant to the profession.
What opportunities are available for students to engage with industry?
So firstly, we are located in this, close to the central business district in Sydney, but also the fact that we have lecturers and tutors who work with industry partners, many of our tutors are actually working in industry. So they're bringing their industry knowledge also into the classroom and students can interact with them in that sense as well. We also have courses that are developed via consultation with industry and that is also true for the Bachelor of Business. Students also have the opportunity to do electives. Depending on what structure they've chosen, or what major they've chosen, students could also do an internship subject. And in that sense, you're also connected to industry. So these are some of the ways in which we are connected with industry.
And just before we finish up, what would be everyone's top tip for a student that's considering studying the Bachelor of Business at UTS?
The top tip from me would be to do some research. So you might want to research what are some of the subjects or majors available in the Bachelor of Business. Now I've told you before, you don't have to make a decision about a major in the first year. However, you know, you will have to consider an area of specialization down the track. So go to our website, take a look at what's on offer, and you will find a list of majors. And within each major you'll find a list of subjects. And within each subject, you'll find a description of that subject. Hopefully, once you've looked at those majors, you will get a clear answer to the question. Why am I interested in a Bachelor of Business? Now I've talked about researching the majors by going to our website. You might also want to research what what jobs exist by going to different job sites. And it's not about just looking at the titles, but looking at how those jobs have been described. And if you find those job descriptions appealing, then you will have greater clarity and be able to answer the question. Why am I, meaning you the student, why am I interested in the Bachelor of Business?
I think for me if you're in a position where you're looking at a whole bunch of different universities, you probably looking out there at a whole bunch of different degrees even and you're not sure what to pick. My advice would definitely be similar to Anurag, definitely go and do your research, read into it as much as you can. And I know it can be overwhelming. But my advice and what worked for me was just to pick one that you think you'll like and go for it, give it a try, a lot of universities and UTS especially are very flexible with changing your options even after you start a degree, particularly the Bachelor of Business. It's a great one if you're not really sure what you want to do, as opposed to something like nursing, you don't graduate as a nurse, from a business degree you can graduate and go into a whole number of fields. I think it's a great, flexible option and it gives you opportunities in different areas when you graduate. So I think if you're someone who's not really sure, and that's exactly where I was in your position, just think about what are the things you like now, and how can that translate into a degree. And I would just recommend, just pick something you think you'll like, start it, see how you go. And there's always the option to change.
Um, I guess my advice to someone who maybe has their heart set on the Bachelor of Business and UTS specifically, would be, I guess, to do some research on pathways. I know, that was something that I was really stressed out about, you know, in year 12, thinking about whether or not I could actually, you know, get into the course that I wanted to do. And for someone who really wants to do the Bachelor of Business, at UTS specifically, I know there are a bunch of different pathways, you know, aside from just the typical ATAR to get into uni, you know, pathway there are a lot of different ways to actually get to UTS and study the Bachelor of Business. And I think doing your research, you know, while you're in year 12 really helped, you know, relieve that I guess stress when you when it's coming to, you know, final exams and ATAR time, you know, just knowing that there are a lot of options to kind of get to where you want to be. So I definitely recommend having a look at different pathways, whether it be, you know, studying something else at UTS and trying to transfer your way in or going to TAFE and seeing if you could get your subjects credited that way, there are definitely a lot of options to ultimately end up at UTS and study business.
This is just some information which I found useful when I was a student many, many, many, many years ago. If you're not sure of presenting, or you're not comfortable with presenting, note that doing a public speaking course, would be useful. Or just practicing in front of a camera, for example, would be useful. So bear in mind that there will be times when you have to present even if you're an accounting student, for example. So use some time getting used to the idea of talking in front of a camera. Now I can tell personally, I'm more comfortable talking face to face. So I'm also getting used to the idea of looking at myself in front of the camera and making these wild gestures and trying to rein myself in. But I'm a teacher, so it's not an issue for me. But I would just suggest that, try and get some practice. If you're shy, you're introverted, and you're not comfortable talking, you might want to perhaps see what, how you present or what you're presenting in front of a group of friends if you can't do a public speaking course. Thank you, everyone for attending this webinar on The Bachelor of Business, we hope to see some of you, maybe all of you in the Bachelor of Business next year. And as always, make sure you do your research and if you have any questions also direct them to to the right people. Thank you very much for attending this webinar.
Thanks, Anurag, and thank you so much Jasmine and Patricia as well for sharing your insights. Thanks so much everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you have any questions, as Anurag said, you can reach out to us, you can see our social media channels here, or you can contact us directly by phone or 95143074 or email firstname.lastname@example.org. Thank you
Bachelor of Management
Bachelor of Management
Event Management, Sport Business, Tourism and Digital Creative Enterprise
Hi, everyone. Thank you for joining us today where we'll be talking about the Bachelor of Management here at UTS Business School. My name is Rachel and joining me is Associate Professor Daryl Adair who is the course director for the Bachelor of Management.
Hi everybody. Yes, Daryl Adair here. I have been involved in the teaching of sport business and management for the past 25 years, which is my passion and which is part of the Bachelor of Management program. Before that, I had a 10 year career in banking. And you'll find that several of the staff teaching in the Bachelor of Management have a similar history to me. That is, they have significant industry experience, but have since taken up the opportunity to teach in higher education. So we've got a combination of practical and academic expertise.
Now Daryl, there's often a bit of confusion because we have a Bachelor of Management, but we also have a Management major within the Bachelor of Business, what's the difference between the two?
Okay, so the Bachelor of Management allows students to develop deep knowledge in one or more of the experience industries as we call them. So that's events, tourism, sport and the digital creative enterprises. Now the management major within the Bachelor of Business does provide exposure to that knowledge but students seeking to be experts in one or more of those employment sectors that I described are best advised to take the Bachelor of Management.
So who is the Bachelor of management for?
Well the Bachelor of management is for people who are interested in and passionate about the various creative enterprises and industries across the sport, tourism, events, and digital spaces. And typically these are people who like to work in a vibrant, work culture. They're interested in shaping things that are part of the entertainment and experience sectors. And also, each of these sectors, are now very high tech and rely very much on design thinking, digital creativity, and innovation. And so, people who are involved in these industries are not necessarily, shall we say pigeon holed, that the skills across those can be applied. For example, if you start off in events, you might also then take those events skills into sport, into tourism and so on. And so, these programs are really for people who are quite adaptable, quite novel in terms of their thinking, and very astute in terms of digital and creative ways of doing business.
So how does the course work?
Well, in the first instance, there are eight core subjects, which you can you can see on the slide. And in essence, they take you through things like marketing, management, accounting, economics, human resource management, law and ethics. And they even expose students to research skills which are important for once you're involved in a business and need to actually do some scoping about how to understand and improve your market position. So it's a really important sort of underlying, multi disciplinary foundation of the management degree, you get good exposure to all of those areas, which of course, are fundamental to any of those experience entertainment industries. There's an innovation and design stream around business. And as you can see from the yellow highlights on the slide, they really focus on things like entrepreneurship. So what does that mean, particularly in this digital and disruptive environments, we've got, you know, the Uberization and we've got of businesses we've got the introduction, for example of Amazon at scale, but what are these kinds of innovations, these platforms going to mean in terms of the sport, tourism, events, industries, for example. And the other thing that's really important in this stream is management skills. It's all important to be creative and to understand the way in which entrepreneurship functions, and in which you have, you know, innovation strategies, but you've got to have skills as a manager. So that's really important as well. The major is comprised of eight subjects. So for each of the majors, the relative subjects will be available for prospective students to view on the website, there's 32 of them. So there's obviously way too many for me to go through here. But what you can see is in terms of the way they're positioned, is that students get an opportunity to get a flavor of their major in every year. Following on from that, there is also the opportunity for students to do electives, so four subjects in year three. And, you know, essentially students can take pretty much whatever they want. And sometimes what a student, for example in sport will do is say, Well, actually, I want to do a little bit more of accounting and finance so that when I come into a job environment, I've got really strong fiscal literacy. Or somebody in events might say, look, I really want to get deeper in terms of marketing. So I'll go and do more marketing subjects. Others might simply say, I really want to just learn something else. I want to do a bit of a language or I want to understand more about international relations, whatever it is, those electives are available. for students to choose as they please, and they should add value to what the students are interested in, so it's complete choice.
Now, our first major is event management. What exactly is event management?
Well, events, you see by the image there, look, it's an exciting place to work because this is fast changing. Okay, you've got events that are part of the calendar every year. But you've also got events that are established for special purposes. And you've got to remember, Sydney, aside from what we're experiencing with COVID-19, has long been Australia's premier event city. Now, in terms of the way that event management works, you're talking about the logistics of establishing events, promoting, marketing, ticketing, traffic and security management, you talking about meeting requirements of policy around governments. The whole event ecosystem requires tremendous sophistication. Because, obviously while we want things to go well at an event, they're also important mechanisms for when things might become problematic. So there are a whole range of learnings and applications and the academic contribution to the way events have grown and become more sophisticated and successful in Australia is very well known. For sports, in this country and internationally, has been, you know, fast paced, growing industry now for decades. If we look at Australia, Australia is the only country in the world that has for instance, four professional football codes. No other country in the world has as many national competitions, the growth of women's professional sport competitions is unprecedented in this country and is being mirrored in places like the United States and the UK. So, this is a very dynamic environment, but it also involves the requirement of skill sets. And this has become no less obvious during the crisis of COVID. Because what has happened is that you need individuals who have very strong understanding of accounting, finance, revenue, and of course designing alternative revenue streams and even alternative products, I mean one of the most interesting growth areas which we will cover in this program is e-sport. During COVID-19 e-sport has grown exponentially. And many traditional sports actually now have e-sport relationships. So, don't think of this is just simply traditional sport, there's a growing digitization around the way in which sport and other experienced industries are consumed. Tourism has long been one of Australia's strongest sectors in terms of the number of visitors, in terms of the revenue, in terms of the contribution to the Australian economy. Now obviously during COVID-19 there have been significant constraints on that but of course, that situation we all earnestly hope is going to change come next year and beyond. Now tourism operators who traditionally would be looking at, for example, lots of visitors from, from China, from Europe, from Japan and that kind of thing. That kind of opportunity will return. By the time you have your degree in three years, the tourism sector, we all hope will have recovered substantially. And, as a consequence, there will be certainly the need for people with the requisite skills and ideas to take their place in that industry. And I think it's fair to say that the industry itself will have already thought about innovations, even if international travel is curtailed somewhat in three years time. And by then, I mean, some really significant innovations in virtual tourism. So people now paying for experiences where they're wearing for example headsets they're swimming with, with fish in the barrier reef virtually. And these are things that are just beginning to take off as ideas but need to be implemented in practice. And so the next generation of tourism professionals are going to be managing a really dynamic, multifaceted tourism industry. The digital creative enterprise major is the new one in our repertoire. The others have been around for 25 years, this is much more recent, but what it does is reflect the way in which businesses themselves really, not just relied upon but engaged with the digital environment. This is their shopfront. This is the way in which the world engages with business today. And I don't mean just from a sort of a marketing and website perspective, but how they actually address strategic issues, how they assess problems in the marketplace does require a kind of digital scoping exercise. And in doing so they're applying design thinking principles which students would need to learn about, which are much more adaptable and complex than traditional 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 pretty much doesn't. But also, one of the reasons that we've positioned this major here amongst the other three is we think there's a, there's a really good synergy between the way in which those other majors are evolving and also digital creative enterprises. And we're very excited about this, this new offering.
Now, the internship subject is compulsory within the Bachelor of management. How does it work?
We've deliberately made the internship compulsory because in our estimation, people who work in the sectors part of the Bachelor of Management will really benefit from workplace experience. Now, the way in which it functions is, is a student selects an organization that they would like to have an internship with and then they need agreement from that organization to take them on as an intern. Now, you know, we can we can help by providing a list of companies for whom we've had relationships in the past. So, in terms of my experience, you can see from the slide that there's a number of sporting clubs that have taken our interns for many, many years, I mean, the Sydney Swans, for instance, routinely take half a dozen of our students as interns. And what happens is that students work for the equivalent of 30 days full time, but it's it's, it's actually segmented into 210 hours and then operationalized as it suits the students, and indeed the organization. And the purpose of doing this isn't for s student to simply go into an organization, make people cups of coffee and photocopy and, and photocopy booklets or something. They work on a project that is agreed upon by the organization, the student, and also the university. And it's co-managed by those two stakeholders. And the student is then evaluated in terms of the way that they turn up, the way that they act professionally. And of course, the project that they ultimately deliver, which is assessed by the internship provider, and of course, the university. One of the real benefits of this is, is having that tangible, industry engagement, that workplace experience but also getting a network of individuals in terms of your potential for employment. And so one of the things we encourage interns to do is to set up a profile on LinkedIn. And then they can list their internship experience. And if they've done well, it's very common for them to get references from that organization and sometimes in a few cases, where job opportunities arise, our interns, when they become graduates end up with employment opportunities with the company that had them as interns.
What are some of the career options available to students who pursue a Bachelor of Management?
There's a tremendous variety of opportunities out there, but I'd like to just briefly focus on three examples. So first, we have Marley who completed our Bachelor of Management in Events in 2017, she has since gone on to become an event coordinator with the Commonwealth Bank of Australia. So kudos to Marley and next example is Michael who completed the Bachelor of management way back in 2008. And he, as you can see, has gone from a production assistant a year later with the Nine Network right through to having really quite fascinating experiences working in television production at the Olympic games, with Chelsea Football Club with their Chelsea TV production, and more recently since 2016 as a producer for Fox Sports back here in Australia, so particularly exciting trajectory for Michael. And in tourism, Belinda is also a really sort of dynamic and engaging graduate. And as you can see, since she left UTS, she's gone from, you know, working in tourism, overseas and in Australia. And now wait for this. She's the marketing manager for the Asia region with Qantas Airways. So it's three tremendous examples of the kind of career trajectory that's possible. For those who do very well, and of course, have a have a bit of luck and a bit of good networking along the way. Now, I mentioned COVID-19 and its dire impact on the experience industries in Australia and internationally. Given that you've got a three year degree, I think it's reasonable to anticipate that those sectors will have either partially or perhaps optimistically, fully recovered in three years, whatever the case, it's absolutely certain that innovations to the way in which those entertainment and experience industries are structured, and the way they're delivered is something that is going to require some really critical thinking and employment opportunities going to be made available, because we've seen a spill within those sectors this year. And going forward, the way in which the sector needs to reconfigure itself will be people with the kind of innovative, creative, design thinking skills that we've spoken about in this presentation, and I don't want to underestimate the new ways in which those kinds of things might be delivered. And we may, for example, be looking at a scenario at Wimbledon, whereby, if people are unable to attend, they will instead be wearing a virtual reality set of glasses and be paying a premium for whatever event they want to watch. For me personally, I'm going to happily pay $100 to watch the final at Wimbledon. And I would like the camera angle right behind the Empire. And so there are innovations along these lines already. So what I want to say to everybody here is yes, the traditional way in which the experience industries have been structured, have been turned on their head by COVID-19. But the future I think will be very dynamic, and may in fact, end up being an industry sector, which offers both traditional and very new forms of entertainment that were particularly exciting.
And Daryl, what would be your top tip for a student interested in the Bachelor of Management?
I think follow your passion. I know it's easy to say that you should get a job that you enjoy rather than, you know, a job perhaps that is expected of you by others. But at the end of the day, everybody needs to get out of bed in the morning and go to work and feel engaged in it. And if you feel a particular connection to one of these industry sectors, I recommend go for it. Because what you want to do is have lifelong enjoyment and a feeling of being connected to your workplace. And so I hope you find that in one of our four options here.
Daryl, thank you so much for your time and talking us through the Bachelor of Management.
Look, it's been a great pleasure, Rachel, and I would encourage anybody watching whether it's a prospective student or their parents. You can find my name on the UTS website, drop me an email. I'm very happy to respond. And I hope to see you in 2021 at UTS, you'll enjoy yourself.
Thank you everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you've got any questions, you can reach out to us via our social media channels, or contact us directly by phone or 95143074 or email email@example.com. Thank you.
Hi, everyone. Thank you for joining us today where we'll be talking about Accounting options at UTS Business School. My name is Rachel and joining me for the first part of this video is Dr. Nelson Ma, who teaches into the Accounting major within the Bachelor of Business. And later on, we'll hear from Michelle Cook, who's the Director of our Bachelor of Accounting Co Op scholarship.
So I'm Nelson. I'm a senior lecturer of accounting at UTS and also a three time graduates of UTS.
Hi, I'm Michelle Cook, and I have the absolute delight of being the director of the Bachelor of Accounting program at UTS.
Now, first up, what exactly is accounting?
So accounting is basically information that is used to make decisions, and then recall the outcomes of those decisions. So for instance, you might want to go to dinner in a movie with a friend, and you only have $40 to spend. So in your mind, you kind of prepare a budget. That's accounting information that will decide how much you're going to spend on dinner to ensure that you have enough money for the movie. So that's kind of decision you're making using accounting information. At the end of the night, you look in your wallet and then see how much money you have left over. And that will be you recording the transactions in your mind as to how much you spent. For businesses, it's a little more complicated, because you're dealing with millions of dollars worth of transactions, buying inventory and paying employees. But we use accounting information to understand whether or not the transactions are worth doing and the outcomes of those transactions.
Now, at UTS, we offer a major in Accounting but also a Bachelor of Accounting. Nelson, what's the difference between the two?
So the accounting major is part of the Bachelor of Business degree. And so the Bachelor of Business degree gives you a lot of flexibility in terms of what you want to do with your career. Because you can pick from different majors, or you can even complete sub majors. So the accounting major within the Bachelor of Business is a standard eight subjects that allows flexibility because you can then major in something else, and potentially work in another area. The Bachelor of accounting is different in that it's a specialized course that focuses on specifically the accounting area where you'll be given a scholarship, as well as opportunities to work in internships in different areas of accounting.
Often when we think of accounting, we think of numbers and being good at maths. Is this the case?
So I hear this a lot at parties and and yes, accountants do go to parties. So while there is unquestionably a lot of numbers, accounting is more than just calculation. Like in this day and age, accounting is about using information to help businesses make better decisions. So you might have that image in your mind that accountants have this like back office employee, you know, in, you know, in with a calculator just typing away. But that's not the case anymore. You know, accountants are the people that are presenting information and ideas to the people that run the business. And while it certainly helps to be good at maths, it's by no means necessary. I mean, if you understand the principles of adding, subtracting, dividing, multiplying, and you can use a calculator then you're kind of all set.
What are the benefits of majoring in accounting?
I will say there are three main benefits. So the first is that accounting is incredibly useful in all aspects of business. People in finance use accounting to predict stock prices. People in management use accounting to set budgets, to manage employees. So accounting has used outside of purely just, you know, the accounting profession. Second, accounting is always in demand. Every single business needs an accountant. And if you look at the biggest graduate employers in Australia, six of the top six firms are accounting firms. And the third is that accounting is usable in so many different areas and has so many job opportunities. So even if you didn't want to go into accounting, if you run a small business, like a cafe or a restaurant, it doesn't, you know, it helps to know how to prepare accounts and doesn't hurt to be able to do your own tax returns.
What are the skills and knowledge that students with a major in accounting will walk away with?
So students will walk away with critical thinking, analytical and soft skills and these are really important within a business So what this means is that students are able to think through big problems that face businesses in society and develop solutions, and are able to communicate these solutions to other business people. And so these are the skills that employers are looking for in graduates. You know, basically those that can help improve a business and get better. From a knowledge standpoint, students will help develop a deep understanding of business concepts and how a business works. So in being able to prepare, verify and use different types of accounting information, you can understand why businesses fail and others become really successful. So accounting information, if you know how to use it, has amazing predictive power.
We often speak about accreditation and professional recognition. But what exactly does this mean and what are the benefits for students?
So the accounting major at UTS is accredited, meaning students in the accounting major are eligible for professional qualification, like a CA or a CPA. These professional qualifications show that you have an enhanced knowledge of accounting, and really helps with your career progression. And the beauty of these certifications is that they're internationally recognized, meaning that once you have them, you really qualify to work anywhere around the world.
Why should students study accounting at UTS?
I guess when it comes to why study accounting at UTS, there are three main reasons that I thought about. First, accounting at UTS is ranked in the top hundred in the world based on the quality of research and teaching by staff. Second, if you want to work during your degree, as a cadet or an intern, we are conveniently located in the city, and we're a preferred University by many of the large corporations. And the third is that being a young University, we actually have a lot of young, really enthusiastic and highly dedicated teaching staff.
What are the subjects that students will be studying in the accounting major?
Students will complete eight distinct subjects within the accounting major that cover various accounting information types that are used for decision making by those inside and outside the business. So I'll talk about I guess, three of my favorites as a student, that kind of feel like almost different professions in a way because they're so different to like that stereotypical view of accounting. My first is a subject about auditing, where you learn to verify the accuracy of financial statements. So it focuses on real life methodologies for detecting fraudulent or illegal conduct. So kind of satisfied my dream of becoming a detective in a way, I liked it so much that I wrote my PhD in the area. The second is the subject about how we use accounting information to control the way people behave. But the big question that companies have is how do we make employees work harder. And so the some of the ideas in this subject, sort of deal with psychology. The third is a Capstone subject in in financial statement analysis, where you predict the future stock prices of real life companies, and so you'll learn a lot about how this type of analysis is used in the industry, with guest lectures, a lot of involvement from those in the industry. And it basically provides an overview of different valuation techniques to determine a company's stock price. And these valuation techniques are what investors, famous investors and financial analysts use to predict stock prices.
What are some of the career options on offer to students in this major?
So there are standard roles that you can pursue in accounting like in professional services, like taxation and auditing. Then there are some more unique opportunities that people don't know as much about things like forensic accounting, which focus on investigating why, how and why a fraud occurred, as well as financial planning, which is showing people how to save money and how to make good financial decisions. There are also great cross disciplinary opportunities to work as a consultant or in the banking sector. And there are even huge opportunities working as internal accountants in a company, it's surprising to know that about one out of every three CEOs of major corporations have an accounting background.
So Nelson, what are some of the extracurricular opportunities available to accounting majors?
So in terms of extracurricular activities available for accounting major students, we have various student organizations that are run out of accounting. So we have Beta Alpha Psi, for instance, that's a internationally recognized student organization for accounting, finance, and IT students. And we do a lot of activities like developing different skills like in Excel or other different types of software, as well as doing community service events. So you can get involved in the community and give back. There are also initiatives like the UTS case team, where students get together and train to learn the skills needed to be a consultant.
So we've spoken about the Accounting major within the Bachelor of Business. Now we're going to focus on the Bachelor of Accounting or B Acc, as we refer to it at UTS. Michelle, who is the B Acc for?
Well B Acc is specifically for those people who are really interested in accounting, because they do a major in accounting. And we feel that in business, it is a foundation for all success. So if you have a real passion for business, or wanting to go ahead in business and lay a foundation of solid knowledge in the language of business, which is accounting, then we really encourage you to apply, but I really want to emphasize, so it's not for people who are interested in banking, as in IB, in investment banking, it is actually for accountants.
So the B Acc is a scholarship program. How does that work? What does that mean?
So that means that the students, as they enter B Acc, actually get a monetary stipend every two weeks, for the time they're at university. This is done through our sponsors. So sponsors, invest in the program, and then give, we then allocate a certain funding to the students themselves. So over three years, they get about $51,000. So it's not every week. It's over the three years, but which really, and really, it's tax free because it is a scholarship. And that means that, you know, they can actually really budget and use that money to assist their education.
How's the B Acc struction? Can students, do they only do accounting?
No, they don't only do accounting, but they have to do one major in accounting, because we are accountants, but they can actually choose a really, really broad spectrum of subjects that they can participate in. At the business school, we are so, you know, internationally recognized for so many different subjects as well as accounting. So they might choose to follow as we always say, follow your passions beside accounting. So where can they go, they can do one major in anything in the business school and a major, let's just get this clear. That means you do eight subjects. So eight subjects in accounting, then you do eight subjects in something that might really interest you if you really want to specialize. But you can also break that up. So if we look at the eight subjects, you can split that as four subjects and four subjects in really, right across you might want to do four subjects in marketing, four subjects in business law. We have so many combinations, and it's quite fantastic for students. Or, yes, here we go again, you can do four subjects and four electives and those electives can be anything because we encourage you to develop yourself as a person. So that could be in Mandarin. It could be an elective in yoga. Some people have gone overseas to San Francisco truly, and done an elective in yoga. So what pushes your buttons, that's the most important thing for us at UTS and to develop you as a total person in your learning.
Michelle, we wouldn't have B Acc without our industry sponsors, you mentioned them a little earlier, but what exactly is their involvement in the program?
We have amazing sponsors from most of the biggest ASX companies in Australia. And what they do is that firstly, they supply the sponsorship money, which is lovely and your scholarship, which is amazing, but they also contribute to the development of every student. So they come, B Acc's meet CFOs from companies all across, from, for example, LendLease and I can name 1000 other companies that they see, they have guest lectures with all those companies. The companies also really want to network and develop a pipeline of talent for their industry. In fact, they're so committed to the program that they have over the 30 years of this program they have, they have actually given us over $50 million to develop young talent. That's quite a commitment and says a lot about how they feel about developing the future of our profession.
Students undertake compulsory internships within the program. How do the internships work?
Well, we're in such a privileged position, because we actually get six, two six month internships at our sponsor organizations. So at the moment, our first years, six months out of high school for most, already in industry placed sponsorships. So how that works is that we really encourage our first years to go into a sector and the point of an internship isn't technical, it's to learn to work in a corporate world and in a corporate environment. And in their third year, they develop that further by another six month internship. Now, the difference between B Acc and a cadetship is that we have all different sectors. So if you do a internship in property, then you must go to another sector in your third year, that gives you a really broad broad view of maybe where you would like to go as a grad. And it also shows you maybe where you wouldn't like to go. A cadetship you stay with one company for your entire cadetship. So I think that's quite a differentiator in what we offer.
Michelle, it takes more than just applying through UAC to get into this course. How do students apply?
That's right, Rachel, it is so much more than an ATAR or just through UAC. So what we do for B Acc is that you apply online. And then if you're selected, you come into an interview phase, that interview phase also involves sponsor organizations. So, they are looking for their pipeline of talent. From that, you will go into a group assessment. So in groups of four, you'll solve a problem, and then you will tell us your solutions. Why do we do that? Because in the world, we need people who can work together, we need good people who can collaborate, and also gives them the ability to use their minds to come up with fantastic solutions. From that phase, you go into an interview, and that interview is just about telling us about yourself, what have you done, because as we say, it's not just about the marks, it's about being a really good person. So we look at your leadership skills, we might ask you what you've done outside of school, because remember, everyone marks aren't everything. If you can't develop yourself, then as an entire person, then really, how do you work with others in a corporate environment. And that has been proven over and over again, because our B Acc's go on to be CFOs. They are just prolific in the leaders of not only Australia, but also internationally. Now applications close, this is online applications, on October 16. So my advice is, just give it in, you never ever know. Just to let you know, too, that because of Mr. COVID interviews are all going to be in November. So we will either do them, dependent on national health regulations, hopefully face to face, that if not, we will do them virtually. I really look forward to getting your application and hoping to see you doing this amazing course.
Thanks so much, Michelle. And finally what's everyone's tip for students who were interested in pursuing a major or course in accounting?
So don't be afraid to talk to people in the accounting profession. Be it you know, family, friends, or even just sending emails to people in the area that you, you've heard about us about what they do, and how they succeeded in the area. You'll learn so much about what you can do in your career, what you might do to develop your career, and it might even open doors for you to start working and building up your resume.
Wow, well, my major tip is just to do it. Really, accounting is like the Swiss Army Knife of business. There's an application for everything. You can go from accounting to marketing, but you really can't go the other way. That's why they call it the Language of Business and most executives today in top level firms will definitely have started their life in accounting. So I would say, just have a go.
Nelson and Michelle, 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 or 95143074 or email firstname.lastname@example.org Thanks again.
Hi, everyone. Thank you for joining us today where we'll be talking about the economics major within the Bachelor of Business and the Bachelor of Economics here at UTS Business School. My name is Rachel and joining me is Professor Peter Siminski from our economics department.
Hello everybody, thank you for joining us. I'm the director of engagement here at the economics department at UTS. And I'm going to talk to you today about studying economics at UTS.
So Peter what exactly is economics?
Economics is an incredibly broad discipline. It's a social science with very rigorous use of theory and methods. Fundamentally, at its core, it's the study of decision making about resources, about the allocation of resources. So that makes it fundamental to business decisions, to government decisions and also to studying many social issues.
And why should students study economics?
The first reason that students should study economics is because economics graduates are highly employable. They are very well paid and have very diverse employment pathway opportunities, both in business and in government and also in further education in the tertiary education sector. Most graduate recruitment programs at large organizations employ economists whether they're financial institutions, consultancies, government departments, and so on. Economists are renowned for their analytical skills or ability to work with data, to think systematically about any given problem. Economists tend to be good at maths, but people to study maths, you don't have to necessarily study economics, or you don't necessarily have to be great at maths, but it's best if you're not bad at it, or if you're not fearful of maths. Ultimately, economics gives students incredibly powerful tools that are useful for understanding some of the world's most important and interesting issues and how to deal with those. So as a case in point, take the current crisis of COVID. Obviously, this is a multifaceted crisis of both health and economics. Economists have been heavily involved in debates about appropriate policy responses, partly because the virus itself, as well as, the policy response have profound economic implications. Now, sometimes it has been characterized as a situation of economics versus health, that there is one side versus another. It's interesting and important to note that economics is not life, economics is about maximizing welfare ultimately, and welfare includes recognizing the value of human life and health. In fields such as public economics, health economics and cost benefit analysis, for a very long time economists have been dealing with the question of how to actually put a value on health and on life in order to make decisions which involve trade offs against other things. Often these sorts of decisions, and certainly in the COVID situation, it's very important to take a long run dynamic perspective and to take into account the fact that sometimes there may need to be some short term gain. So short term pain in order to lead to longer term benefits. Now, one of the interesting things about the COVID situation is that it's a classic case of where governments need to intervene in markets that are not functioning well, particularly in this question of externalities. If somebody catches the disease, then that has implications for the health of other people. So this is this is known as an externality, associated with people practicing, making decisions which don't always take into account other people's welfare. The lockdowns and the regulations that we have are an attempt to regulate behavior which isn't socially optimal. Now, all sorts of other interesting policy options or policy responses in the COVID era involve economics fundamentally, for example, expenditure that we're having on job keeper and job seeker and other programs of fiscal stimulus, really important to get the economy moving, to keep people in work and prevent them from from falling into poverty as well. So there's all sorts of economics going on here at the moment and to really understand the whole political discourse on this it's important to be well versed in economics and possibly, you know, down the track being involved in making such decisions and contributing to such debates if you've done an economics degree. Here's some some other examples of some really centrally important global and local economic challenges. The some of the biggest challenges of our time are essentially economic questions, the question of rising inequality, which we've seen sharply over the last few decades, it's really any economics that that can help you understand the causes, as well as the consequences of inequality and as well as the evaluating the efficacy of policy options. Whether this involves more taxes and transfers, whether this involves targeted investment in human capital and education, or whether it involves interventions in international trade markets and the like. Climate change is another example. The policies that governments have considered and used to mitigate climate change, or all economic policies, that whether it's the carbon tax or its emissions trading scheme, or whether it's subsidies for firms to invest in green energy. These are all economic policies. The gender wage gap is another is another example. economists are the ones who have been studying the gender wage gap for decades, using tools such as understanding labor supply decisions, tried to uncover discrimination in the labor market by employers or by customers, the process of human capital accumulation and the like. And of course, questions such as what are the implications of a trade war between US and China, macro economists have the skills to understand and predict what those implications would be.
Now for students interested in studying economics at UTS, what are their options?
There are two main options that students can take. One of them is to enrol in a Bachelor of Business and major in economics, and the other is to take a, to enrol in the Bachelor of economics. The first of those, the B Bus is kind of our large, all purpose, degree, undergraduate degree here in the business school takes in about a couple of thousand students every year in age intake, and students once they are in the B Bus can take a variety of majors, I think there's nine in total with economics being one of the options, they have a bit of time to decide what they want to major in, they can double major. Whereas in the Bachelor of Economics, this is more of a sort of boutique degree for people who really know that they want to study economics, and they get straight into it from the first year. They do more economics, they do less of the other subjects, and they can also then take another major as well. One of the main differences between the two programs is the first year experience, some of these subjects in the Bachelor of Business, sorry in the Bachelor of Economics are only taken by a relatively small cohort of Bachelor of Economics students, around 50 to 100 students take the first two courses in micro economics and macroeconomics. Whereas the B Bus students, they're typically in lectures of over 1000 students for their first few classes, a little bit easier for the B Ec students to get to know each other early, form their networks and keep those networks as they go through. As I said the other major difference between the two degrees is the content in the first year, the core and in the B Bus has eight compulsory subjects which span the economics, span the business fields, including a little bit of economics. Whereas in the in the B Ec, the first year is almost all economics core subjects. So just moving on to some of the subjects that are in the two programs you can see there in in the Bachelor of Economics, the core, I think it's 11 economics core subjects plus a choice out of three. And then you can take another major. Students often choose to major in finances as the other component in there. And then there's the economics major, there on the left hand side there as well.
What are the skills that they'll be walking away with?
So the students who have done an economics degree, as I was saying earlier, they're very much regarded as analytical, systematic thinkers, they tend to be people who are good with data and breaking down a problem. But there's all sorts of things that that students learn. So in an economics degree they cover topics such as game theory. So they'll learn about strategic behaviour, which is very important when there are a small number of players involved in a market. They'll learn about behavioral economics. And therefore, they'll have a broad understanding of what kind of things drives human decision making, not only in a sort of rational way, in a narrow sense, but in a way that it incorporates all sorts of other psychological considerations. The program is very applied. So most of the subjects will include some case studies and some real life applications of the tools and techniques that they'll be learning throughout the degree. And as I was saying earlier, because it's such a general degree, such a general field of study the the skills that economists have are valued very broadly and in all sorts of not only industries and employers, but in all sorts of occupations as we'll see in a little while, so the very economists have a very diverse set of potential options in terms of the pathways.
And why should students study economics at UTS, specifically?
So, the economics department at UTS is still a relatively young department. But despite that, we've been consistently ranked in the top five or so economics departments in the country for research, particularly in fields such as behavioral economics, micro economic theory, market design, and applied micro econometrics. So, taking a degree at UTS economics, you will be taught by and exposed to some of the best economic researchers in the country. Secondly, the teachers in economics are outstanding teachers the lecturers tend to win lots of prizes nationally, they have high teaching evaluations. And generally, they're very highly regarded as teachers. Another aspect of effective UTS in general, but particularly relevant for the business programs is geographic location. Now is it's a fantastic location, not only because it's 10 minutes from Central Station, and close to all sorts of interesting, wonderful activities, but it's also right on the fringe of the CBD, of course, which again, is not only a good thing for convenience for people to combine their work in this study, for instance, but it also means that the engagement opportunities that UTS has, with key employers are really quite profound. So we have all sorts of things such as mentoring programs, research partnerships, alumni events, guest lectures, easy access to recruitment events, work integrated learning, which stems partly from this geographic location, but also a concerted effort by UTS, the business school and the economics department to link very strongly with employers.
Where do our economics alumni ended up working?
Economics alumni end up everywhere, essentially. But they're particularly concentrated in the corporate world. In financial institutions, as well as in consultancies. As you see there in the graph, these are the top 10 employers source from the database on LinkedIn. You see, all four of the big banks are in there, the Commonwealth bank, Macquarie sorry, National Bank, Westpac, and ANZ, as well as the Macquarie Bank, and then you have the consultancy firms EY and Deloitte. They're also the two on the bottom there. They're the large corporate real estate organizations, so most of these large corporate organizations. Now this may be somewhat misleading just because these are some of the biggest companies in the country. And so it's not surprising though, that they may end up employing a lot of people. And quite a number of our graduates also end up in the public sector working in places such as the Treasury and the Reserve Bank, in places such as the Department of Education, Department of Health, and so on. So they do end up working in a large variety of places.
And what kind of roles do they end up working in?
There is another graph that speaks to this again, this is from LinkedIn. So this is a self provided data and we have to go takes with a little bit of a grain of salt. But you'll see there that the economist doesn't appear there, which is an interesting observation to start with, it does show you that that economics graduates they tend to enter the corporate world, through graduate recruitment programs, then they can move into all sorts of things. So business development, there is the top one. Finance is very high. That's probably partly because economics graduates often have finance majors as well, but not necessarily. And then you have operations, sales, education, so again, it's extremely broad. Here are a couple of examples here that I know personally, these are two of our honours students that have come through in the last couple of years. Rachel got the B Bus with Honors in 2018. She, after a short stint working within UTS itself, ended up going through the graduate recruitment program at Deloitte Access Economics. And she's doing well there, with a few of our other alumni who are also working very closely with her. Steve is another honours graduate as I said, he has gone for the public sector path. Initially working for the NSW Bureau of Crime Statistics and Research, and then moving over to the Center for Education, Statistics and Evaluation, and I think Steve is actually back there at BCSR. So these are all research roles. Steve works closely with data and does a lot of evaluation work. So this is one of the kind of paths also that people take him. And finally, is Matthew, who's from 2007 has taken a big career pathway within the Commonwealth Bank. So as you saw earlier, the Commonwealth Bank is our largest employer of graduates, we have very strong relationships with the Commonwealth Bank through executive education and other other relationships. Matthew has gone from a graduate position, right up through to executive manager of small business strategy and partnerships within the CBA.
What would be your top tip for students interested in studying economics?
Just follow your passions and your interests. The thing about economics is that it's not only a vocational degree, which will get you a great job. It allows you to study the most interesting and important social issues that we're faced with. So you don't have to compromise on your passions and your interests by following your pathway that'll give you a good job, so you'll be able to do all of it.
Peter, thank you so much for your time and talking us through economics options at UTS.
Thank you, and thank you to the students again for joining us and I hope to see you on campus sometime soon at UTS, studying economics.
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 or 9514 3074 or email email@example.com. Thank you.
Event Management Major
Event Management Major
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.
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.
Now, first up, what exactly is event management?
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.
And why should students study event management?
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.
What are some of the skills and knowledge that students in this major will walk away with?
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.
If students are interested in event management, what are the options available to them?
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.
What are the subjects that students will studying within this major?
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.
So what are some of the career options on offer to students who study event management?
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.
What would be your top tip for students interested in pursuing event management?
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.
Thank you so much for your time explaining the event management major.
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.
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 firstname.lastname@example.org. Thank you so much.
Digital Creative Enterprise Major
Digital Creative Enterprise Major
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.
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.
Now, DCE is a relatively new major, what exactly is it?
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.
So why should students study a major in DCE at UTS?
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.
What are some of the skills and knowledge that students that do a major in DCE will walk away with?
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.
And what are the subjects that students will be studying in this major?
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.
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?
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.
And finally, what would be your top tip for a student considering coming and studying DCE?
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.
Sumati, thank you so much for joining us and talking us through DCE.
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.
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Hi, everyone. Thank you for joining us today, where we'll be talking about the finance major within the Bachelor of Business here at UTS Business School. My name is Rachel and joining me is Dr. Vinay Patel, who coordinates the finance major within the Bachelor of Business.
G'day guys, my name is Vinay Patel. I teach finance in the Bachelor of Business and I look forward to welcoming many of you guys to UTS next year. Just a little bit about myself: once upon a time I was like you guys, I did a Bachelor of Business at UTS majoring in both finance and accounting. I subsequently did an honors and a PhD in finance, both at UTS, which focused on insider trading in stock and options markets. I had an amazing experience studying finance at UTS, and I know you guys will too.
Now, first up, what exactly is finance?
So, finance is about the management of money, and it affects everyone. So it can be anything related to investors. So these are the guys with bags of money or bags of cash think Warren Buffett, Elon Musk, or investors could simply be just you or I. Could also be related to the successful running of businesses. So think Apple, Tesla, McDonald's, or the running of the Australian Government. And so basically, the flow of money between these investors, businesses and the government is transferred through what's known as financial intermediaries. So these are like your big banks like Commonwealth Bank and Macquarie Bank. And the flow of money is also transferred through what's known as financial markets. So these are just the different types of things that we invest in. So think about investing in stocks, bonds, and so forth. So maybe a good example of someone who has made good finance decisions is Steve Jobs who founded Apple in 1980. So for example, if you guys invested $1,000 in 1980 in Apple stock, how much do you think you would have today? Well, one thing is for sure, you'd be pretty, pretty rich. So you probably have almost $10 million or so today. So that's pretty amazing, right? So, however, if you think that the only people that need to understand finance are those that work in banking, I think it's time you reconsidered your view, whether you realize it or not, finance affects everybody and you'll use finance every day. So studying finance can have a huge and good impact on your life. Whether that be relating to you saving some money to go on holiday to the Greek islands, or investing in Amazon stock, or even buying a house in Sydney or running your own business.
So pretty much all Bachelor of Businesses or a Bachelor of Commerce have finance as an option. Why should students study finance at UTS?
So there are several reasons why you should study finance at UTS . We have world class researchers and award winning teachers, especially in the areas of ethics, banking, corporate finance and microstructure. We have teachers who will give them if you give them an inch, they'll give you a mile. I can attest to this personally, during my undergraduate honors and PhD studies. Our teachers are quite intelligent and inspiring and often quite supportive and very generous with their time, even into the early hours of the morning, whether that be replying to an email for help, or helping out with an assignment or research project, or even recommending job opportunities for students. In addition, we have a good mix of professional staff and guest lecturers to share their experience and their knowledge with you. So, basically, we've designed our classes in such a way so we've got, we've designed them based on feedback from the finance industry. So our courses will prepare you for the workplace so you'll be work ready, as we often relate our content to practice. So for example, you could examine whether Qantas should add a new plane into its lineup. Or you could determine whether you should buy Afterpay shares. So through our courses and assessments, will help you develop those skills that you need to go and get a job but also be good on the job to think about the analytical problem solving skills, communication, presentation, writing, research, teamwork and data analysis skills that will help you in the finance world. We are also connected with industry, not just because our Campus is situated in the heart of the Sydney CBD. For example, our finance major is a university affiliated program with the CFA Institute. So this means that what we teach you is closely tied to the real world, and is also suited well to students who want to go on and subsequently do a professional CFA qualification. So as a result of such features, our finance department is ranked in the top 100 in the world in accounting and finance. So that's pretty cool. And that's a fantastic achievement for young uni. And it also provides a great opportunity for you guys to learn about finance.
And what are the subjects that students will be studying in the finance major?
So we have five core finance subjects, which everyone has to do. These subjects will introduce you to the banking sector and financial markets and how they work. They'll skill you up in analyzing big data, they will develop your financial decision making and portfolio management skills, which are particularly important for a career in finance. And the capstone class brings everything together and applies everything in a real world context. So in addition to all of those things, we also give you lots of choice depending on which area of finance you want to specialize in. So for example, if you want to learn about more complicated investments that you can make, you can study derivative securities, or many of you will probably want to be investment or commercial bankers, so we have specific classes for those areas. And you can also complete an internship for credit points as well.
So what are some of the career options available to students who do choose to specialize in finance?
So there are many different finance career paths that you choose graduates go on to do, a common and very popular career path is to work in an investment bank. So in the bank, you could be in what's known as the sales team, where you would be a financial advisor or a stockbroker. So essentially, you can advise clients on what kind of investments they want to make. Or alternatively, you could be a trader. So you could trade in stocks, foreign exchange, commodities, and all of those sorts of things on behalf of the bank's clients or on behalf of the bank itself. So this is some of the things that Michael is doing at JP Morgan. You could also be in the deals team. So if you're in a deals team, something that you might consider is whether Red Bull should buy a company like Coca Cola, or you could be in a funding team. And your job would be to help businesses raise equity or debt to fund their operations. So this is some of the things that Mark is doing at Rothschild. Another important team in a bank is the risk team. So he would help to manage and analyze risk exposure for the bank and for your clients. You could use derivatives or diversification to do such things. This is some of what Daniel's doing now at Macquarie Bank. So some other things you could do is you could also be a management consultant, which is quite popular. Your role would essentially to be advisor on business strategy, which is quite exciting. So this is some of what Seog is doing at Amazon right now. So for example, it's working on how Amazon can better deliver or faster deliver your orders to your house, so you can thank him for that. Alternatively, you could work for the government, and you could conduct economic and financial analysis to help shape government policy. So this is some of what Alexander has done for the Reserve Bank of Australia. So these are just a few of the examples of some the types of career paths that finance students can take. There are many more. I've primarily focused on UTS graduates of whom I've taught or know personally. However, other UTS graduates have gone on to do some pretty cool things, including asset and portfolio management of investors money. Some have attained really cool or really senior positions within a business. For example, the CFO, Chief Financial Officer or directors of a business, and others have shown their entrepreneurial spirit and started their own business. So just a few of the more sort of popular employers of UTS finance graduates include the banks, so think Commonwealth Bank, NAB, ANZ and Westpac, as well as some of the professional services firms like PricewaterhouseCoopers and Deloitte.
And finally, what would be your top tip to someone that was interested in studying at UTS?
So my top tip would simply be just to get involved. So this can be as simple as reading the financial news, company announcements, opinion pieces or blogs, or to something a little more involved, which could be saving a little bit of money and investing in the stock market. You learn by doing, so remember, to only invest what you can afford to lose. Information is power, so becoming better informed will help you make the best financial decisions, but also help you to decide what kind of career you want to pursue.
Vinay, thank you so much for your time and for talking us through the finance major.
Well, that's a wrap for me guys. Hopefully you found the information informative. I hope to see you guys at UTS next year.
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 our social media channels or contact us directly by phone on 95143074 or email firstname.lastname@example.org. Thanks again.
International Business Major
Hi, everyone. Thank you for joining us today, where we will be talking about the International Business major within the Bachelor of Business here at UTS Business School. My name is Rachel and joining me is Dr. Anthony Fee, who coordinates the International Business major.
So my name's Anthony Fee. I'm one of the coordinators of the International Business major for undergraduate students. I teach on the capstone subject, also teach on the international management field study subject when it runs, which it's not at the moment. And most of my research deals with people who work in international business at the individual level, and in particular, those involved in international aid and development who are experiencing a unique form of global interaction, quite an extreme form of global interaction.
What exactly is international business?
I guess the simplest way to explain it is it's about the global dimensions of doing business. So it encompasses all of the actors, the structures, the institutions involved in the exchange of goods and services across national borders. And I guess the background for that is sort of the unique form of globalization that's been taking place over the past 60 or 70 years, the interconnections and the interdependence that have been developing between countries, and the increase in trade and business and investment that's sort of been on the back of that. And those sorts of forces you would think make things easier for doing business when in fact, they raise a whole lot of complexities. There's much more uncertainty when you're operating in an international business environment, many different actors involved. It's much more fluid and dynamic environment. And so students who study international business, we try and make sure that they can sort of deal with this 21st century business environment, with skills that are in fact from the 21st century, not just from the 20th century. So we teach students about the global economy, those actors and structures and institutions, how to analyze how those forces have influenced business and to apply that knowledge to business settings, whether it be a small entrepreneurial startup that wants to export products overseas or a multinational that employs 1000 people.
So why should students study a major in international business?
So, well, I guess first, why do students study because we do ask them, and overwhelmingly, most of them study it, because they want an international career, they want to work overseas. And I think that's probably a pretty good reason for studying it. I think one of the greatest values of having an international business major is a passport to working overseas. And beyond that, I think it actually sends a really strong signal to employers about the sort of person you are the fact that you're engaged globally, and you have an outward sort of orientation. For those reasons, I think an IB major is pretty compatible with some of the sort of more profession-specific majors like HR and marketing and finance and accounting and so on. I think it's also true that the sorts of skills that you learn on an international business major are highly valued, particularly in an Australian context, you'd probably be aware that Australia has quite a small domestic market. It's also very globally connected. And when you're living in a city like Sydney, where around about 40% of the population was born overseas, some of the knowledge and the skills that we learn are applicable, sort of in domestic workplaces in Sydney, not just internationally. And I think finally, you know, beyond that, your career, yes, that's really valuable. But we like to think that we sort of do help to produce, sort of, global citizens were more engaged and informed about the forces of globalization and the influences of those, both positive and negative. And certainly in the recent years, particularly this year, in fact, we've been experiencing a lot of the negative consequences of globalization. The fact that we're communicating now via zoom is one of those consequences, you know, and the COVID-19 is actually a great case study in something that is very global in its background, you know, it started in a small, rural area. But it was the sort of connection of people, in the movement of people, that sort of led to it being transmitted on the magnitude and the scale and the speed with which it was on the consequences of that for domestic businesses, but also international businesses has been really strong. As an example, some of the students this semester in one of our subjects are doing as a case study, actually, you know, some of the implications of COVID-19 for supply chain management. You may be aware that earlier in the year there were shortages of protective equipment like face masks and gowns and so on. You know, one of the reasons for that is around 70% of the protective equipment in the world is produced in one country, in Malaysia. So when Malaysia went into lockdown the flow of that around the world was disrupted, you know, and many countries, once they've accumulated, those have stopped exporting them and put restrictions on the export of those. The same with pharmaceuticals, a lot of those are produced in India. And a lot of the ingredients for those come from countries like China, you know, which sort of put quarantines on the amount that they would allow to travel across the borders. So it's actually a really interesting case study in sort of integration of supply chains that were set up to try and benefit from globalization to take advantage of the efficiencies and the skilled labor and relatively low cost labor that locating in different parts of the world provided. But then some of the consequences of that for the operations of the business as a result of something like COVID.
What do students learn in the major?
Look at its most basic level, we try and prepare students for working internationally or at least in international contexts, so, the sorts of knowledge and skills can be broken down at different levels, but all with a global focus. So there's a foundational level of theories and perspectives that really look at how multinationals operate, how cultures and societies differ, tools to look at differences in political and economic and legal systems across national borders. As part of that, we let students or we introduce students to a whole lot of data that can be used to compare different economic systems to diagnose economic performance, to measure the sorts of differences in legal systems and cultures and consider how they might influence, sort of, decisions to enter a new market or operations within that market. On top of those foundational skills, there's a whole lot of, I guess, more practical skills to deal with analysis and strategy development, and also interpersonal skills, again, both of those with a bit of a global focus, you know, so in class, some of the interpersonal skills we try and really focus on getting students to work in very culturally diverse groups. Because if you're operating internationally, you're going to be collaborating with, negotiating with, perhaps even leading people from a diverse range of cultural backgrounds, as well as some frameworks and tools that can be used for sort of, sort of hard nosed analysis. A simple example of that might be when you have to make a decision about whether to invest in a particular country or to choose a country to invest in, you know, we expose students to some of the frameworks that they can use. And we actually get them applying some of that analysis to a firm and looking at a potential market for that firm, and sort of weighing up the resources that the organization has, what the conditions in the local market are like, and then deciding whether in fact, those two things are compatible, what sort of market entry strategy would be appropriate for that, and how they might sort of configure their operations once they get in that country. So those are sort of quite practical skills where they get to apply that theoretical knowledge. I think on top of that, as well, it's trying to generate a mindset or an attitude in students just about being a bit more cosmopolitan and globally oriented. So we hope our graduates go away, sort of, more outward focused, more open to different ideas, more comfortable interacting with people from different cultural backgrounds. The term global mindset is often used, but it's sort of one of the sort of high level skills that we try and instill in our international business major students.
So why should students study international business at UTS?
I mean, I guess at UTS one of the things we pride ourselves on is learning opportunities that try and give some practical relevance to students. And so that does inform, in fact it infiltrates all the subjects that we have on offer, the way those that have designed, the sorts of cases we look at in class, the assessment items that we use. A really simple example of that is a group this semester. It's actually using the example of the Chinese software companies Tik Tok and WeChat. You're probably aware both of those recently have been banned by the governments of the United States and India. And so one of the projects that students are working on are considering the implications of that for the parent company, so those those programs Bytedance and Tencent, you know, and considering that in light of sort of global trends in terms of international business practices. And that opportunity to sort of apply sort of practical content is not just to cases like that, but also, if students are working and many of them at UTS are, in fact, employed, we're really lucky to be based downtown so we do get a lot of students who work full time and come down and do their part time studies. So a lot of the assessment opportunities allow students to apply activities to their own organizations or to organizations that they're familiar with. One of the major projects that students will work on in the major is undertaking a firm analysis or a country analysis and producing basically a research report. That sort of reflects the quality of their global analytical skills. And the great thing about that is people can then, students can then, walk into a job application if they want to, and say, look, here's some evidence of my ability to apply hard thinking, you know, in a global context. And I know students have found that really valuable. And we also sort of trying to give students access to a whole lot of professionals. Sometimes that involves bringing the professionals to the classroom, through guest speakers from professional service firms, from multinationals, business analysts who are involved in things like local mergers and acquisitions, as well as taking students out of the class and sort of off on field trips. And one of the great sort of subjects you can choose to do on the International Business major is that international field study temporarily on hold for now. Hopefully, it'll be up and running again in 2021. You know that we take students overseas for a couple of weeks, not to go and sit in classrooms in another country at a university, but actually to go and visit business practitioners and speak to business practitioners, so we take them to multinational organizations or small startups from different countries and speak to managers and professionals within those organizations. We visit government agencies, visit some of Australia's trade agencies like Austrade, international NGOs as well, and so they engage in cultural exchange. There are opportunities as well for students to do internships as part of the major. But that idea of sort of trying to create practical relevance to everything in the classroom and outside the classroom is one thing that we think makes UTS really unique. We also try and draw on sort of the diverse set of professional experiences of the teaching staff as well. We've got experts from South Asia, from Africa, people who are expert in East Asia or in the Americas, from corporate government and not for profit sector. So, a real sort of diverse set of experiences that students will be exposed to with their instructors. The other thing that I actually think is really important is just the student body at UTS, you know, we have students from a range of different cultural backgrounds. Recently, we had an undergraduate class with 50 students, and there are about 18 different nationalities represented in the class, a whole range of different professions represented. And sort of, as I suggested, a lot of those people working full time as well, you know, so it's a great opportunity to network with and learn from the students in the classroom. In fact, studying sort of global business, you'll probably learn as much from from your peers as you will from instructors.
What are the subjects that students will be studying in this major?
So it's an eight unit specialization. So there are six core subjects, there are two, you choose two electives from a suite of sort of globally focused elective subjects. The core subjects really comprise a mix of foundational knowledge, subjects with a very strong IB focus, so that students develop sort of the basics. And then sort of a bit of a 360 degree perspective of that by looking at international business from a range of different discipline dimensions. So from the perspective of accounting and marketing and finance and human resource management and management and so on. And I guess one of the crowning glories of that is a capstone subjects that students will typically do at the end of their degree, in their final semester, where they get to apply all of the learning that they've done across those seven previous subjects to a self managed research project. Sometimes we get students working with industry, sometimes they work on a project of their choosing, an example of some of the projects we've done in recent years: one was with PricewaterhouseCoopers, the professional service firm, where students sort of interacted with staff from there and put together research proposals relating to managing global talent and with managing international staff and movements among different subsidiaries within multinationals, you know, and we delivered reports to staff at PwC, some of the students got to go up and present some of their findings to a group of international HR managers who work with PwC. And so it's a fantastic project. One of the other great projects that the capstone students worked on was with the Australian whiskey industry. You may not be aware that Australia produces some of the best whiskey in the world, a lot of it down in Tasmania, most of them by small sort of standalone distillers. And so we work with a group of those students work with a group of those to develop a plan to consider how they might collaborate better, to try and generate some economies of scales, in terms of entering different markets and marketing to different markets. So the students got to go along and do some whiskey tasting, speak to the distillers, consider potential markets and also consider ways that they could take advantage of the differences that they had, but also integrate those into sort of a collective that would be able to represent the different organizations internationally. It's a fantastic project and really successful, we got some really good feedback from from some of the students work.
What are some of the career options on offer to students who choose this major?
So in terms of career, look, I mean, the nature of the major really means that it's pretty diverse in terms of the roles that they go to, the sectors that they would work in, and sort of where they would be based around the world. Certainly we track students and we ask students and many of them end up being multinational organizations. So within those, most students who have done the major end up in sectors like banking, insurance, tourism, some go to some of the major consulting firms, the international consulting firms like Deloitte and Accenture, employed graduates of the IB major, some sort of specialize, sell their own wears, as individual consultants in mergers and acquisitions or doing risk assessment and so on. There are also opportunities in government working with the Department of Foreign Affairs and Trade and their equivalence internationally. So it Austrade, for example, in Australia is the big one there. And into government agencies like the World Bank, World Trade Organization, and so on. And I'm really pleased to say a lot of students, a small number of students have gone on to work in international aid and development as well, and not for profit sector. So real diversity in terms of sectors, and also that applies to roles. You know, I would say, look, if you're looking for a management career, and wanting to work in a multinational organization, you know, having a basic understanding of global business and the global economy is important. Some people in multinationals will get to management level and not have that and have to go on and do a postgraduate degree. Now it's great to have that as part of an undergraduate degree sort of at the outset I think, but really anywhere along the value chain from analyzing business opportunities to Introducing marketing, sort of campaigns that can work in different parts of the world, all of those sort of viable outlets for students with an international business major.
And finally, what would be your top tip to someone considering studying international business?
My main advice is, and this would be sort of before you choose international business, is really to try and think of the interactions with your peers in the classroom as opportunities to learn and to develop networks. The International Business major in particular, but UTS in general, like most universities in Australia are really diverse. And so you're going to be exposed to a whole range of different ideas and people with a whole lot of experiences and contacts and networks from their home country as well as sort of in Australia. So I really encourage students to think about those as opportunities to learn to sort of understand different perspectives and also to establish the contacts that might be useful in their career in the future.
Thank you so much for your time and talking us through international business.
My pleasure and hope to see students at UTS soon.
Thank you everyone for tuning in. Please feel free to explore our other videos detailing our courses and majors. If you have any questions, please feel free to reach out to us via our social media channels or by phone on 95143074 or email email@example.com. Thank you
Human Resource Management Major
Human Resource Management Major
Hi, everyone. Thank you for joining us today where we'll be talking about the Human Resource Management major within the Bachelor of Business here at UTS Business School. Joining me is Dr. Mihajla Gavin, who teaches into the Human Resource Management major.
Hi everyone, I'm an Employment Relations scholar and also an HR scholar. And I teach into the Bachelor of Business and also the Master of Human Resource Management at UTS Business School. So my teaching and research is really focused on contemporary issues and challenges in the work and employment landscape at the moment. And I suppose really getting students to think about how we can create really good workplaces at the moment and in the future as well, particularly as we navigate through a lot of current as well as emerging social, political and economic issues in our global economy at the moment.
Now, first up, what exactly is HR management? And how does it differ from general management?
That's a really good question. So I suppose management has a much broader definition than human resource management. So management is really about developing and maintaining and allocating various resources in order to achieve organizational goals. So HRM is one particular area of management that deals directly with people and on managing people in organizations, and particularly on recruiting and developing and retaining an engaged and effective and well trained workforce. So HR practitioners and sometimes even line managers play a really critical role in administering the HR function in an organization. So that's going to include things like hiring and developing employees, administering pay and leave entitlements, ensuring the well being of employees, as well as also playing a really critical strategic role in aligning work to organizational goals.
And why should students study and major in HRM?
So by studying the HRM major, students, they gain expertise in areas like recruitment and development, and also retaining employees in organizations. And there's also been growing professionalism of the field with more businesses now recognizing the importance of the HR function for competitive advantage. So what this means is there's been a focus on the development of accepted standards for the most effective HR processes and practices, as well as growing areas of specialization in the HR discipline. And one of the really great things about the HR major at UTS Business School is that it's also accredited with the AHRI Institute. And this basically tells employers that you've studied a major which meets the standards required by the profession, and basically that you have the right skills and expertise to work in the field.
What are some of the skills and knowledge that students in this major will walk away with?
So by studying the HR major, students, they become experts in recruitment and development and retention as well as learn about emerging areas in HR practice that are really important for businesses at the moment. So things like people analytics and diversity, as well as how to manage workers in a time of change and disruption. So students will be learning about the foundations of HRM and Employment Relations theory and learn about how to apply these theoretical frameworks to local and international business contexts. And students will also learn how to be really effective managers and how to bring out the best in the teams that they lead to actively contribute towards achieving organizational goals and objectives.
What are the options within the Bachelor of Business if students are interested in HRM?
So there are 10 majors offered within the Bachelor of Business. Students can choose to take HRM as one of their core majors. So what this means is that students will need to successfully complete eight compulsory subjects in the major in order to achieve the required 48 credit points for the major. So you can take the HRM major alongside another major in a different subject areas of your interest. What you can also do is instead choose to undertake a HRM sub major. And this is worth 24 credit points. And this is where you only have to study four subjects in the HRM major. And I think one of the really great things about the HR sub major in particular is that maybe you might be majoring in a different functional area or degree, but you really want that good understanding of the challenges of managing people in the business environment in order to round out your degree.
And what are the subjects that students will be studying in this major?
Here on the slide are the list of subjects you will take when studying the HRM major. Introduction to HRM, managing strategic performance, strategic HRM, managing employee relations, management skills, Introduction to strategy, understanding organizations theory and practice, as well as our HR Capstone. So one of the standouts in all of our majors at UTS Business School are our capstone units, and these give students the opportunity to apply what they've learned in the classroom to a real life project or business problem. So in the past, our students who have taken the HRM Capstone have worked with some really great organizations like Zambrero, Fairfax Media, Nando's and Domain group.
What are some of the career options on offer to students in this major?
The real benefit of the HRM major is the breadth of career opportunities it opens up to you, to work in basically any industry and advance in your career. Take for example, Bianca. Bianca did the HR Capstone unit with Zambrero. Then she did an internship with the organization and then she got a graduate role with the company. She's definitely advanced her career within the organization and she's now their CEO after completing the Bachelor of Business in 2014. Jonathan completed a Bachelor of Arts in Psychology at Macquarie University before coming to UTS, where he then completed his Bachelor of Business. After holding various HR roles in large organizations, he's now the head of recruitment for Latin America for Uber. Arjin completed his Bachelor of Business in 2009, and has worked as a diplomat with the Department of Foreign Affairs and Trade since 2014. He's also a Fulbright Scholar studying at Harvard Kennedy School.
What would be your top tip for students interested in studying HRM?
Managing the people resources in an organization is one of the most important but also one of the really complex things to get right in organizations. Businesses today are really seeking professionals with good people management skills because they know it's a really key area to leverage strategic advantage in a competitive business environment. Every single business has a people managment function whether that be in a very small scale, or whether that be at the level of a multinational corporation. So my top tip would be consider adding a HRM component to some area of your degree, whether that be studying the full major or taking the sub major.
Mihajla, thank you for your time and thank you everyone for tuning in. Please feel free to explore 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 firstname.lastname@example.org. Thanks again.
Hi, everyone. Thank you for joining us today where we'll be talking about the management major within the Bachelor of Business here at UTS Business School. My name is Rachel and joining me is Associate Professor Kyoung-Hee Yu who coordinates the management major.
Thanks Rachel, it's nice to be here. I teach the capstone subject in the management major. Capstone subjects are designed to apply knowledge acquired throughout the major to realize problems and prepares year three students for life outside UTS. I also teach at the masters degree level in the HR major. I'm what they call a teaching and research academic, which means that apart from teaching, I write academic papers, my area which is organizational sociology, and engage in the administration of the university.
Now, when we think of management, a lot of terms come to mind, but what exactly is management?
Yeah, sure. Management is the art and science of designing, leading and changing organizations, this means any group that comes together for a shared purpose, including large and small organizations, incumbents and startups, public organizations, not for profits, multinational corporations, social movement organizations, and project organization. All activity in society is organized in one way or another. So that means that there's a lot to be managed. If you choose to study management at UTS, as you can see in the slide, the knowledge set that will be covered includes how to design, lead, and change organizations so they are sustainable, innovative and ethical, as well as the nuts and bolts of managing the process, which is resourcing, managing conflict, engaging in decision making and maintaining a vibrant culture. Did you know that 20% of the CEOs job contact can be replaced with technology, the skills that are replaceable mostly have to do with analysing large amounts of data and making decisions based on this analysis. Can you guess what types of activities and skills can't be replaced with technology? These are skills requiring social and emotional reasoning. These include creating and communicating a vision, motivating, resolving conflict and cooperating. At UTS Management we're committed to preparing our students for the changing nature of managerial work by focusing on enduring skills that can't be automated.
If students are interested in pursuing management, what are some of the options available to them?
Yeah, first, let me explain how the management major relates to other majors that may be similar yet different. So if the core themes that I mentioned earlier about designing, leading and changing organizations about sustainability, ethics and strategy in organizations is what interests you most, you should consider the management major or even the management extension which has four additional subjects. Then there is human resource management, which focuses specifically on managing people. So this is the major if you're primarily a people person. So what does it mean to manage people? So HRM is the art and science of recruiting, retaining and motivating people as the primary resource that organizations value. So you will be learning things like better recruitment, things like managing diversity in organization, things like performance management, and pay, as well as sometimes restructuring and how that impacts the workforce and managing the employment relations with your employees. How does management differ with HRM? Management is about the whole organization, not just on the management of people. So it really requires you to think of organizations embedded in their environments. What does environments mean? That means that you have to understand the markets that organizations are embedded in, you have to understand how technology is changing and how that impacts your strategy and your structure. And lastly, international business, international business deals with management issues in a global environment. So there is some overlap with management itself. But for international business, it really requires you to understand cross cultural differences, as well as differences in the way markets work and the way institutions are shaping markets. So if you've always wanted to work overseas, perhaps in the context of a multinational corporation, international business major may be for you. Let me also talk a little bit about the many sub majors that are available if you choose management major. So, I mentioned about HRM and international business but both of them are available as sub majors if you decide to major in management. In addition to that there are slew of sub majors that come from our Bachelor of Management offerings, such as the very popular Events, Sports and Tourism Management. And some of you may be wondering, oh, management is really used a lot to describe a major as well as a degree called Bachelor of Management. And is there a relationship between the management major and the Bachelor of Management? Yes, there is a relationship in that we are housed in the same department. In terms of the academics who teach in these areas, but in terms of the degree, you will be sharing the core subjects, the first year of core subjects that you will be taking as a Bachelor of Business are quite different from the subjects that you will be taking in the Bachelor of Management. The Bachelor of Management is a degree that focuses in the experience economy, if you will. So, there is a lot of emphasis on practicum whereas the Bachelor of Business is our traditional degree that used to be focused on commerce and economics and finance. So, you will be sharing all of these core subjects with finance majors, economics majors, accounting majors in your first year.
And what are the subjects that students will be studying within the management major?
Yeah, there are two components to a Management major. These include six core subjects and these have been selected by a committee of academics, as they are considered to be foundational to building a career in management. In addition, you have a selection of two out of six additional subjects. The core subjects include introduction to strategy, understanding organizations theory and practice, global operations and supply chain management, management skills, business ethics and sustainability. And last but not least, the capstone subject I teach. In the capstone subject students do a project in a real life organization where they are researching how the organization managed change in their organization, and they critique and offer alternative or improved ways of having dealt with the change.
So we spoke a little earlier about what management is, but what are the skills that students will be learning within the major?
The skills developed in our curriculum include career management skills, that is to try and understand your own management style, skills for managing other people and designing organizations, change management skills, and skills for organizational development, which is the art of improving organizations.
Management is something that's taught everywhere. But why should students study management at UTS?
The UTS management department has one of the largest and most diverse groupings of management academics in Australia. Our curriculum provides students with opportunities to engage with the industry at every level, and the flexibility to build their professional portfolio through industry projects and internships. We offer a wide choice of majors, the majors and subjects as you saw, and also we're accredited by the Australian Human Resources Institute, AHRI. So graduates are eligible to apply for our professional member status.
And a big question we get asked with every major and course that we offer is where can it take me? So what are some of the career options on offer to students from doing this major?
Yeah, that's an important question. Some students graduate with a management major and are immediately swept up by a small or medium enterprise that will hire them into a managerial position. But you know, I'd be surprised if large companies will place graduates directly in a managerial position. Rather, think of the management major as a major that ensures long term career career advancement, whether you build a career as a manager or you do a double degree with engineering, law, medicine, or a double major with a more quantitatively focused area in the Bachelor of Business which is finance or accounting. Increasingly in the profession, there's a limit as to how high you can get promoted based on technical skills alone. So as soon as you start managing other people, your management major will be very helpful to you. There's also the possibility of managing your own business as UTS provides a suite of electives in that area and finally, many graduates also go into the not for profit and public sectors. After all, good management is needed not only in the private sector, but also in government, non government organizations, and not for profit.
So Kyoung-Hee, what would be your number one tip to someone considering studying management?
Yes, so like I said, management is the art and science of designing, leading and changing organizations. So if you are a person who is curious about people, and coming together as groups under a shared purpose, and you would like to work with others to make change happen. This is the major for you. I like to think of management as a generic business degree that will help students who were curious about businesses that don't, aren't yet ready to commit themselves to specialized technical area yet, this will be a good major to start you off with and then you can always do a sub major in a technical area that is in year 2 or in year 3.
Kyoung-Hee, 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 on 95143074, or email email@example.com. Thank you.
Hi, everyone. Thank you for joining us today where we'll be talking about the marketing major within the Bachelor of Business here at UTS Business School. My name is Rachel and joining me is Dr. Valeria Noguti who coordinates the marketing major within the Bachelor of Business.
Hi, everyone. I hope you're all well. I'm very happy to have this talk with Rachel to provide information to you today about our exciting marketing options here at UTS Business.
What exactly is marketing?
Marketing is the activity of creating and exchanging offerings of value for customers, clients, partners and society in general. Marketing starts with the knowledge of customers, and also potential customers. So we have to learn who they are, their age, what they do, where they work, how they play. What they watch what they listen to, their needs, their wants, their preferences, and how do we actually use that all that information to deliver value to them. Now, having a consumer or a customer at the core. Marketing involves the measurement of products and services, of prices, distribution and advertising. So, that is also known as the marketing mix, or the four P's. So it says four P's for products, for price, promotion, and place which is distribution. Yeah, so that is it.
Now if students are interested in studying marketing at UTS, what are some of the options available to them?
So the students can choose a marketing major or an advertising and marketing communications major. And the marketing major has five core subjects and you can choose three electives. And the marketing major includes a really good look at all of the marketing areas. And if you choose the marketing communications major, then you have seven core subjects and then you can choose one elective and that one is dedicated to one part of marketing, which is the communications and advertising part of it. And for those students, you aren't pursuing marketing as a core major, they can choose some majors, marketing, or advertising. And, among all options it's important to understand the differences between major, extended major, and sub major. So the major has eight subjects, and you would be doing, covering those eight subjects through a whole year. And extended major is 12 subjects. So that is equivalent to one year and a half of your degree. And we have sub major that has four subjects. So that is equivalent to a semester. And students also have the option to pursue honors and honors is a year within the marketing department where they students get direct supervision and develops a research project in direct supervision of one of our academics within the department.
So firstly, looking at the marketing major, what are some of the subjects that students will be studying?
Okay, so the students in the Marketing major will be studying five core subjects, which are consumer behavior, marketing research, integrated marketing communications, marketing strategy, and then they do an applied project. And as I said this includes all areas of marketing. So for example, at first we start with consumer behaviour studies, and which most studies, students find fun. And that's where you learn why people buy and consume the products and services that they do. And then at the capstone there, the students have the opportunity to put into practice everything they have learned during their degree by doing projects with real companies. So for example, in entrepreneur marketing students will typically the project is with startups, where they will learn how to be flexible and creative to help a business grow their target market.
And what about the subjects in the advertising and marketing communications major?
So the marketing communications major has seven core subjects, and then you can choose one elective. And it is really dedicated to advertising, which is one of the P's of the four P's of marketing. And you always start with consumer behavior, and then you go deep into communications. So take for example, advertising research, where you do interviews with consumers, you learn how to do surveys about advertisement, you do experimentation to test ads. So it's a lot of fun that one. And then integrated marketing communications includes all types of communications, advertising, public relations, sponsorships, events, and so on. And a dedicated subject to focus on digital marketing and social media, like Facebook, Instagram, you also learn about advertising on Google, and so on. And then you have also a capstone project where you apply knowledge from the whole degree.
Why should students study marketing at UTS?
So one of the great features of our degrees is the industry engagement. Students have the opportunity to participate in projects with our industry partners as part of their subjects. For example, we have students work on projects in collaboration with large corporations. For example, we had Revlon Australia last semester. We have mid sized organizations such as Sandhurst Fine Foods, which is a Sydney based company, you probably have bought some of their products at Woollies, and startups. So an example of startups where students have created marketing strategies was Inceptor, which is a startup that develops customized robots, sorry, customized robotics and automation strategies for businesses. And we also had Melo Ring, which is a physical piece of jewelry with a hidden touchpad that controls music that you want to listen to. So super innovative startups and they students really they worked directly with these startups to create marketing plans for them. And you also get a lot of expert professionals as guests in lectures, so they students have the opportunity to interact and network which is very important. And this includes also industry bodies such as, we invite members from the Australian Marketing Institute to come to classes and talk to students as well. And so this industry engagement not only appears in classes but goes deeper with collaboration in research. And the fact that we have a strong group of industry members in our advisory board means that the degrees they are always updated and relevant, too match the needs of the job market and companies these days. And finally, we have a very unique group of academics teaching in all areas of marketing. And UTS is the only school in Sydney that has subjects specializing in each of the four P's. So here are the four P's again, right? So we have subjects on products, and innovation, on distribution, on communications and pricing. And we do have the option to go really deep, focusing on advertising and marketing communications as a major, and also that option for the extended major and this really gives students a full immersion in marketing.
What are some of the career options available to students that choose either a marketing or an advertising and marketing communications major?
So there are so many exciting opportunities out there. So one of the most visible areas is advertising and media with particular growth in digital, and so graduates can work in advertising agencies and media companies in several roles, such as advertising, media planning and strategy. So perhaps they can create their own ad agencies. So they can be entrepreneurs as well. And they can work with content creation, with social media management. And graduates can also be product brand managers in consumer products or business to business and corporations. And another large area is marketing research. And so where there are several types of roles from qualitative to quantitative, so there's plenty of opportunities for very different types of preferences that you students might have. And also the graduates can work with customer services, international marketing, import export and really endless options. And so not only that, so marketing goes across all areas of corporations. So the graduates can actually climb to the top and become marketing managers or chief marketing officers and beyond that.
What are some of the examples of where our alumni have ended up?
So we have some great alumni. So take Renee, for example, who graduated in 2005, and has done really well in different types of businesses and roles. For example, working for American Express, and Eftpos Australia, from advertising manager to company director, and then to marketing consultant. So it was a very interesting path that Renee took. And then we also have May, who has had an incredible career starting at Procter and Gamble, and then making a career move to Google and then landed a position as head of digital at ANZ.
What would be your top tip to a student interested in studying marketing?
Well, customers are at the heart of businesses. Marketing is the area that understands customers. So this means that marketing is essential to grow businesses. So and this is something that is valuable for any kind of business. As a result, a good degree in marketing gives you flexible opportunities for your future. So just think about that.
Valeria, thank you so much for your time and for talking us through the marketing options at UTS.
Thank you, Rachel, thank you for having me. And thank you everyone for tuning in. And I hope to see you very soon at UTS. Thank you. Bye.
Thanks, 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 firstname.lastname@example.org. Thanks again.
Sport Business Major
Sport Business Major
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.
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.
What exactly is sport business?
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.
UTS also offers a Bachelor of Sport and Exercise Management. What's the difference between these two courses?
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.
Why should students study a major in sport business?
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.
What are some of the skills and knowledge that students in this major will walk away with?
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.
If students are interested in studying sport business at UTS, what are some of the options available to them?
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,
And what are the subjects that students will be studying in the major?
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.
What are some of the career options available for students who pursue this major?
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.
What would be your top tip to students thinking about pursuing a major in sport business?
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.
Adam, thank you so much for your time and talking us through sport business.
Thank you for having me, and happy to any students that have questions, feel free to reach out.
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 email@example.com. Thanks again.
Tourism Management Major
Tourism Management Major
Hi, everyone. Thank you for joining us today where we'll be talking about the tourism major within the Bachelor of Management here at UTS Business School. My name is Rachel and joining me is Dr. Steven Schweinsberg, who coordinates the Tourism Management major within the Bachelor of Management.
Well, hello, everybody. My name is Steven, as Rachel just said. I'm a senior lecturer in sustainable management and my research interests in tourism are in its sustainable management, which is, of course, a very topical issue at the moment with COVID-19, which we can talk more about in a moment. And also looking at the setting, the place based setting that tourism actually exists in and I teach into the undergraduate program here at the university, particularly in the subject called developing sustainable destinations.
Now, first up, what exactly is Tourism Management?
Well, I suppose I'd start by just saying, look, it is really the study of one of the world's largest industries, okay. And it's an industry which everybody, all students or potential students, their families and friends have all got a connection to. And you know, it's often an industry that we really don't recognize how big it is. So it contributed some $2.9 trillion to global GDP, okay? And a year or so ago, obviously prior to all these lockdowns and the like for COVID, there was some one and a half billion international arrivals. And also for many of you that are interested in the HR side of the study of business, it's also an industry that actually contributes to employment over 280 million people throughout the world. I suppose I'd also say that it's a very diverse industry sector as well. Obviously, you have your main industry sub sectors, aviation, accommodation, cruising and the like. But you also have a range of niche industry sectors like ecotourism, or adventure tourism, or volunteer tourism or the religious tourism sectors. So when we say tourism, it's not just one industry and in fact, many people say that it's not even really an industry. It's an amalgamation of so many different sectors. I think also one of the really important things to emphasize here when we talk about what Tourism Management is, it's a sector with a lot of crossovers, to other majors, or sub majors you might do in your Bachelor of Management or in your B Bus here at UTS, particularly some of our other study areas such as the event sector. And here at UTS, we're very fortunate to be located very near to the International Convention Center, or the ICC at Darling Harbour. And this really provides students with a lot of opportunities for internships, guest lectures and the like. So it's an industry sector that's very diverse, it's a very big, obviously, but also it's got a lot of crossovers and synergies to other things you'll be studying here at UTS.
And why should students study a major in tourism management?
Well, I suppose I'd start by answering this question by really just saying because you want to actually be studying a subject like tourism, where there's a lot of industry connections. So many staff here at UTS have active connections or associations with advocacy groups like the Tourism Transport Forum of Australia, whose senior executives you quite often hear being interviewed on the news as new policy initiatives come into play throughout the country. But also we have a lot of connections to marketing and broad governmental management organisations like Destination New South Wales, Tourism Australia and the like, and also for my own experience, teaching in the sustainable tourism space to other international advocacy groups like the International Institute for Peace Tourism. I think in terms of again, why you want to actually study tourism, it's because you want to study tourism in a way that shows its sort of diversity, okay, because tourism is a microcosm of so many of the different debates that actually happened more broadly in organizational studies. And this has really been amplified in recent months by the effects of COVID-19 and all of the flow on effects through job seeker, you know, casual work forces and the like. Now, many of you are probably listening to this during COVID-19 sort of thinking, Well, you know, if we're dealing here with an industry that's been so heavily affected, is this something that I want to be a part of? And I would say absolutely, yes, it is. Because as I'm sure all of you are starting to observe here in Australia, the domestic tourism market is already starting to pick back up. And that's really exciting. Because there's a real push in industry and in academia, in the study of tourism to critically consider what the industry look should look like going forwards. And as future leaders in the space, you'll actually have the opportunity to help to frame this future, on the basis of your own values and your goals.
What are some of the skills and knowledge that students in this major will walk away with?
Well, I think we'll be talking about the skills and the knowledge bases. I think, first and foremost, it doesn't matter whether you're doing tourism or the study of tourism as part of a B Bus, that's a Bachelor of Business, or a Bachelor of Management. First and foremost, you're actually going to walk away with an understanding in a purely organizational mainstream business context. How does your industry function? Okay, what are all the different component parts of the tourism organizations business model, how that business model links to broader strategic concepts? You know, but while all that's important, the reality is you don't know necessarily what your future careers are going to be at this point. And almost more important than actually understanding how the industry works is actually developing the ability to think critically about what future that industry should actually have. Now, as you study tourism, you're going to be exposed to so many very profitable but also very controversial tourism industry forms. The sex tourism industry, the medical tourism industry, in particular, extreme forms of an industry like euthanasia tourism, volunteer tourism, there are so many different forms and these industry forms, to be a leader in this space actually requires that you have the ability to think critically, to recognize diversity of opinions, and to actually inscribe your own values over what it is you're actually learning here at UTS, because at the end of the day, I think the goal of any university study, particularly around issues like sustainability is not a lecturer standing in front of you telling you this is what you should think. But rather, it's about us, the University, equipping you with the critical reasoning skills to reconcile your own opinions of an industry, or a type of tourism practice with what other people think.
So Steve, what are some of the options available for students who are interested in pursuing tourism as a major?
Well, when we actually deal with tourism as a major you can obviously study that as part of your Bachelor of Management and of course at the same time, you can also do tourism as a sub major within the Bachelor of Management or as a sub major within the Bachelor of Business. Now, I think the critical thing to think about is you think, you know, do I want to do a an area like tourism as a major or as a sub major is to not just look at the names of subjects, which I know as part of this presentation, you will see come up on the screen in front of you, but rather to really go into those subjects, figure out exactly what it is you're going to be doing. Because at the end of every, sort of, I suppose at the at the end of all our majors, we have a capstone, and you can only do that Capstone, which in our cases are critical issues subject if you actually have done the whole major. So when you're making the decision not only to come and study here at UTS, which of course I would strongly recommend, but also how you actually structure your degree. Please look into these subjects in detail. So you can make sure that you can map your choice of majors or sub majors to the specific opportunities that you want those subjects to give you.
What are the subjects that students will be learning within the tourism major?
Well as with all of our majors, particularly in the Bachelor of Management, obviously, which is where you can do your tourism major, we have eight subjects. And these really are a very eclectic mix. There's obviously, as you open up, tourism in a global context, looking at the broad setting, if you will, of tourism throughout the world, but there are also, and I'm teaching one of these this semester, they're also subjects looking at the intricacies of actually managing different tourism sectors. There are obviously subjects, because with any industry area, it doesn't have to be tourism, you know, you obviously got to be focused on who your consumer is, we've got subjects, as you can see, directly focused on your consumer group. We obviously have some things like our internship, which actually gives you the chance to actually hone the knowledge that you're learning in a real world industry environment. But as I alluded to before, one of the most important things I think, is the development of some of those more advanced critical reasoning skills. So we also have subjects like sustainable tourism destinations, which really takes those operational industry type focuses and then really tries to lay a critical, you know, values based lens over the top of them.
So what are some of the career options on offer to students who do pursue this major?
Well, I think you know, that at the end of the day is going to be one of the big concerns that a lot of you listening to this podcast will actually have, you know, you're all watching the news and media every single day. You hear about the effects that COVID-19 and other, you know, global issues are having on service based industries, such as tourism. I think I'd respond to concerns like that by firstly acknowledging, well, firstly, they are legitimate, and they have to be legitimate if you as we just heard in the question are planning your future career options, but the one thing that I would really say by way of response is to remember that at the end of the day, all industries are cyclical. Yes, you may have a short term decline in a particular sector but at the same time, that is usually offset two or three years later about the time many of you will be completing your degrees with new opportunities. And I think those new opportunities really come from the skills that we've referred to already that you're going to be learning in your tourism major. And the fact that if you have an industry, which has been forced to, you know, reconcile a major event like COVID-19 pandemic on its operations, now is a great time to be getting into the study of that sector. You are going to be a future leader and you actually have the opportunity to mold or shape the future of that industry going forward, because we all have an insatiable desire to travel, the industry will rebound, it will change, but all industries you can you can study here at UTS will change and as I said before, go through cyclical ebbs and flows over time. So in terms of where the career options are, well, your future could be in a reimagined global tourism industry. But beyond that, it could really be leveraging many of the soft skills, personal skills, transferable skills such as the ability to frame a problem, come up with ideas, test those ideas that you're going to learn right throughout your degree and apply it on fact, or perhaps the research skills that you might be able to apply in a whole variety of sectors. They could be specific industry sectors like airline travel agencies, destination management organizations. So an example of that would be Tourism Australia, or Destination New South Wales, but also with advocacy groups advocating for particular stakeholder interests to both government and other major industrial stakeholders. So really, at the end of the day, there are so many opportunities, and remember, every industry will always have challenges that it faces, your big chance at university is to get ahead of the game and actually make yourself part of the future for that industry sector going forwards.
What would be your top tip for students that are interested in pursuing Tourism Management?
I suppose that I talk to you first and foremost would be to keep an open mind. Okay? I mean, I'm sure most of you, if not every student that is listening to this will go, I know what tourism is, you know, and in one sense, yes, absolutely, you do know what tourism is. You either have been a consumer in the industry yourself, you have friends, family and other associates that are employed within the industry. But at the end of the day, I'd say please keep an open mind. Okay, I can't tell you the number of times that I actually have students come to me, particularly after subjects like in the sustainability space, and say, What have I got out of this? Well, I've actually developed the ability to actually, you know, be critical of my own existing points of view. And I think to be honest with you, that's the key thing you should be taking out of university. University study should never be about memorizing a whole bunch of facts in a textbook ,that you know, those sort of things you see in high school a lot where the facts are all in the back. You shouldn't look if you look, you're cheating. That's not what university study is actually about. Okay, it's about opening your eyes getting in there, taking those opportunities, and really just having that critical mindset and recognizing that to be an effective leader in a field like tourism, or indeed any other area of industry is not about having all the answers, but rather it's about the ability to work with other people to develop those answers collaboratively. Well, thank you for listening, everybody. We really obviously do hope you actually come to study tourism, or another service-based sector here at University of Technology, Sydney. It's been a great pleasure to talk to you today. And I wish you all the best over the future coming months as you plan out your career choices and make your decisions as to where you want to study into the future. Thank you.
Steve, thank you so much for your time, and thanks again, 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 firstname.lastname@example.org Thank you.
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