Melbourne Business Practicum - Information for Industry

Gain access to some of the brightest minds

Overview

We believe that a business degree is more than what happens in the classroom. Our practicums grant employers access to our emerging talent equipped with the latest theories and methodologies.

The Melbourne Business Practicum (MBP) is a two-week work project undertaken by our high-achieving early career and specialist Masters students at a Melbourne based host organisation. Our student teams are committed to putting their university learning into practice using real-world business issues. The aim is a ‘win-win’ situation – a genuine contribution to the organisation and a fulfilling experience for the students.

Since 2008 the program has seen hundreds of students successfully complete projects in large and small organisations throughout Melbourne and Australia. Previous partners have included ANZ, Ernst & Young, GE Capital, NAB, North Melbourne Football Club, Rio Tinto, LUMO Energy, Committee for Melbourne, CUA, Envato, Jewish Care, Kaiela Institute, Pacific National and YGAP.

Read here about one of our student teams work at the Kaiela Institute.

Benefits

  • No cost, quality analysis, investigation and advice to address a specific idea or problem
  • Application of the latest theories and research methods to your current business challenges
  • Access to a team of high-achieving masters students who have well-developed problem solving, teamwork, IT and communication skills, with most speaking more than one language
  • Access to emerging talent currently studying Accounting, Economics, Finance, Human Resources, International Business, Management or Marketing
Our partnership with the Faculty through an annual business practicum is important to us. Each year we see mutually beneficial outcomes through the research undertaken by young people- which results in increased financial partnerships and business for The Huddle as we grow capacity for youth in Melbourne’s culturally diverse inner northwest. This is a great example of the community solving a community problem as we empower young people to Learn for Life.

- Virginia Affleck, Partnerships and Operations Manager, The Huddle, North Melbourne Football Club

Choosing the right project

We encourage organisations to create a project unique to the challenges they face. Some examples of previous successful projects are:

  • Detail economic drivers for SME business in relation to default
  • How can we gain greater procurement efficiencies in our operation?
  • Devise a new approach to securing Chinese sponsorship
  • What will our industry look like in 2020?
  • Improve proof of income verification process using digital technology
  • Feasibility assessment: creation of a new maintenance division
  • Examine implications of social media for enabling customer social investment
  • Establish a sustainable funding base so that our organisation can expand its work, by increasing membership, promoting merchandise and exploring alternative incomes streams

How it works

  • We work with organisations to define a project of genuine value
  • We recruit the students through a rigorous application and interview process
  • Students receive intensive pre-practicum training in undertaking consulting projects
  • Each team is given two weeks (ten consecutive business days) to undertake the project, create a report and present their recommendations on the final day to senior management from the host organisation
  • Our practicum students start generating work immediately and similar to consultants are relatively autonomous in their roles
  • Student teams are supported by an Academic Group Leader and Faculty of Business and Economics professional staff

Timeline

Initial Contact & Discussions

- August - September for a February Practicum or

- February - March for a July Practicum

Confirmation of project scope and stakeholders

- November for a February Practicum or

- April for a July Practicum

Student team in-company for 2 weeks

- Final report presented in February or July