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Monash University opened its doors in 1961 with 57 students on the bachelor of economics course. This number had grown to 1,400 by 1968. The Faculty of Business and Politics, as it was then known, had become the largest economics faculty in Australia.

Monash University merged with the Chisholm Institute of Technology in the early 1990s after which there were two economics faculties –The Faculty of Economics, Commerce and Management and the David Syme Business School. They continued to run at the Caulfield campus of Monash University. They merged in 1993 and their activities ranged across most of the university’s campuses, and expansion continued with international campuses in Malaysia (1998), and South Africa (2001).

Disciplines range over a particularly highly rated accounting department, as well as banking and finance, business, law and taxation, econometrics and business statistics, economics (including the Centre for Health Economics and The Centre for Development Economics) and sustainability, marketing and management.

Bachelor courses include: accounting, actuarial science, banking and finance, business, business administration, commerce, economics, finance, international business and marketing. There are double degree and honours options too.

An almost exhaustive range of graduate courses includes: master of professional accounting; master of accounting; master of banking and finance; master of advanced finance graduate certificate in business; graduate diploma in business; master of business; master of business law; master of global business; master of applied economics and econometrics; master of actuarial studies; graduate diploma in human resource management; master of human resource management; master of management; master of marketing; Monash MBA; Global Executive MBA; master of environment and sustainability; master of financial mathematics; master of project management, master of professional accounting and master of business law and master of philosophy.

The Doctor of Philosophy options mirror the above departments, again with a relatively wide choice.

The main research emphases of Monash are across three areas: global business; health and well-being and sustainability and development. Meanwhile the college’s associated research centres are: Australian Centre for Financial Studies; Centre for Development; Economics and Sustainability; Centre for Global Business and the Centre for Health Economics.

Notable alumni include: Margaret Jackson AC, company director and first female chairman of Qantas; John Langmore, politician and author; Michael Luscombe, former CEO of Woolworths; Peter Marriott, chief financial officer of the Australia and New Zealand Banking Group (ANZ); Julian McGauran, Australian Senator and Trevor O'Hoy, president and CEO of the Foster's Group.