Transcript: Bachelor of Business - Future Students On-demand

This is the transcript for the video Bachelor of Business

Dr Anurag Hingorani
Hello, everyone, welcome to the Bachelor of

Business Information Session.

My name is Dr. Anurag Hingorani.

And I’m the Bachelor of Business course director.

Dr Anurag Hingorani
So what is the Bachelor of Business?

It is what we call a Bachelor of Commerce.

But we have not used the term commerce, perhaps
to acknowledge that there is more to business

than just commerce, the exchange of goods
and services, we have also retained the name

Bachelor of Business, because you don’t own
a commerce, you own a business.

The Bachelor of Business course, is a very
flexible course.

And you’ll see how flexible it is.

When I talk to you about the different ways
in which you can structure the Bachelor of

Business course.

It is also a professionally focused degree.

And I’ll also talk about that a little later.

Dr Anurag Hingorani
So why should you study business at UTS?

As mentioned, it is a practical course and
you will gain real world practical skills

when you complete various subjects and assignments.

We bring industry into the classroom.

Industry oftentimes provides real world projects,
which students can create as part of their

coursework.

We also have guest speakers from industry.

So it’s not just about business theory, but
it’s also about business practice, and you

gain exposure to that in a variety of ways.

You also use a variety of business tools to
complete different assessments.

Why should you study business at UTS?

Another reason is, we want our graduates to
become socially conscious business leaders.

As you know, businesses are in business, to
be accountable to customers to shareholders,

but we also want businesses to be accountable
to the public at large, it is no longer business

as usual, businesses should not be concerned
just about profit or customers or shareholders,

they also need to be concerned with society
at large.

And we in fact, have a specific subject dedicated
to this topic.

Dr Anurag Hingorani
As mentioned, this is a practical course,

we are industry connected.

And as you might already know, we are located
where industry is located.

So that provides opportunities for connections
with industry.

Perhaps when you complete a business internship
as part of your course, we also bring to the

classroom industry speakers, guest speakers
from industry, who impart their knowledge

and contemporary knowledge to students.

Now, business internships is an elective subject
or an option that students can complete.

They are available in almost all majors.

And you can also do it as part of an elective.

So it’s like a win win, you’re getting internship
experience, but you’re also getting course

credit for a business internship that you’ve
undertaken.

Dr Anurag Hingorani
So in the business course, we cover every

field of business – Accounting, Economics,
Finance, Management, and Marketing.

And we also look at some related fields in
business as well, such as Human Resource Management,

International Business, Advertising, and Marketing
Communications.

The Bachelor of Business course, as I’ve said
before is very flexible.

And the flexibility is derived from the different
ways in which you can structure the Bachelor

of Business course.

Dr Anurag Hingorani
There are six different ways in which you

can structure your Bachelor of Business course.

And that also gives you choice; gives you
variety.

Of course, in the first year, all students
do a set of eight core subjects.

So you do not have to make any decisions about
structuring your course in the first year,

because that decision is made for you.

All students do the same set of eight core
subjects.

Dr Anurag Hingorani
So what are the eight core subjects that all

students do in their very first year?

They range from Accounting to Economics, Finance,
Management, Marketing, Statistics, and we

have recently reviewed the Bachelor of Business
course and have introduced a subject called

Business and Social Impact.

As mentioned before, we want students to be
socially responsible leader, you want our

graduates to become socially aware.

And in the subject Business and Social Impact,
students learn how businesses contribute to

the public good society at large.

In some of our other subjects, we of course,
look at traditional business fundamentals.

So for example, in marketing, we look at the
four P’s of marketing, of course, but students

also get an appreciation for the different
viewpoints or different considerations of

a customer.

So you might be familiar with the four P’s
of marketing, but you will be looking at the

four C’s as well, when you take up the subject
marketing and customer value.

So for example, let’s say a restaurant owner
sets a price for a menu item like lasagne,

that is the price component of the four piece
of the marketing mix.

But let’s say the consumer is ordering that
online and wants it delivered.

So it’s not just the price of the lasagne,
which would be a consideration for the consumer,

it would also be the cost it takes to deliver
that lasange to them, also the cost it takes

them or the time it takes them to enter their
order details, for example.

So it’s not just about price.

It’s also the cost from the consumers perspective.

Dr Anurag Hingorani
In the subject, People and Organizations,

students look at leadership from different
perspectives.

They look at leadership in terms of how they
can navigate within an organization, right

from the get go as they commence their career
journey.

In Accounting, you look at accounting from
multiple perspectives as as well from an outsider

looking in as well as an insider perspective.

So as mentioned, in the first year, all students
will be completing the same set of eight core

subjects.

So you do not have to make any decision about
how you should go about structuring the rest

of your Bachelor of Business course.

Dr Anurag Hingorani
So in the second and third year, you will

be commencing a Major.

So in the first year, everyone does the same
set of eight core subjects, but from the second

year you will come in as a major.

And then depending on which structure you
end up choosing, you might also be completing

some majors.

Now, as you can see in the slide, there are
a range of majors you can choose from, you

have the usual majors of Accounting, Economics,
Finance, Management, Marketing, but you also

can choose Human Resource Management, International
Business, Advertising and Marketing communications.

In terms of sub majors, you can see the large
number of sub niches that are on offer, there’s

30, plus sub majors that you can choose from.

So I’ve said that the Bachelor of Business
course is very flexible, because there are

six different ways in which you can tailor
your decree, I’ll be going through each option,

one by one, there are six different ways.

Dr Anurag Hingorani
So the first way is where you add a second

major.

Now, I said that in the first year, all students
will be doing the same set of eight core subjects.

So you’re not making any decision about your
BBus structure, the rest of your BBus structure,

that decision is made for you in the first
year.

So no worries, right, you don’t have to make
a decision.

But commencing from the second year, you have
to decide on a major.

And I’ve talked about the fact that you can
choose from eight different majors.

But then for the rest of the course, in option
one, you might decide apart from one major,

you want to do another major, a second major.

So this is option one, where you do a second
major.

And for a second major, you can choose any
of the business majors I mentioned previously.

Or you could also choose Business Law or IT
has a second major.

You cannot do Business Law or IT as your first
major but you can choose it as a second major.

Let me give you an example.

Let’s say you’ve done the core.

Then you choose Marketing as your first major.

And with this structure, you decide on Finance
as your second major.

So as far as you’re concerned, you’re doing
a Marketing major and a Finance major.

In a sense, this is like getting two degrees
in what it isn’t, of course, you’re just getting

that one Bachelor of Business course and one
Bachelor of Business degree.

But in a sense, by doing two majors, you’re
specializing in two different fields.

And it’s almost like getting two degrees in
one.

But it’s not two degrees, it’s just one degree.

So this is an option for students who know
what they want to specialize in.

And they know that they’re interested in marketing
and finance.

And upon graduation, they might just look
for marketing related jobs, because they’ve

majored in marketing.

Or they might just look for finance related
jobs because they majored in finance.

Or they might try to marry the two and perhaps
take a marketing role in say, a finance financial

institution, like a bank, a superannuation
fund, insurance provider, etc.

So this is one way of structuring your Bachelor
of Business course, where you choose to major

so you decide to do a second major.

Dr Anurag Hingorani
This is another way of structuring your Bachelor

of Business course, with option two, you’re
not doing a second major, but you’re choosing

two sub-majors.

A sub-major is four subjects, a major is eight
subjects.

So in this example, you’re all doing the first
year, then you’ve chosen a first major.

But instead of doing a second major, you’re
doing two sub-majors.

In other universities, you might hear a sub-major
being called a minor.

So that’s what this is.

It’s not a major, it’s a minor, but we call
it sub-majors.

So you’re doing two sub-majors.

So using the example of marketing major as
your first major, in this scenario, you do

marketing is your first major, you might choose
Accounting sub-major as one of your sub-majors,

and maybe Management as a sub-major.

So you’re not doing a second major, but you’re
doing two sub-majors with this option.

Dr Anurag Hingorani
With this option, option three, you’re not

doing two sub-majors, instead, you’re doing
one sub-major, and four free or unspecified

electives.

So using the marketing, major example, you’ve
chosen marketing is your first major, then

you might do accounting as a sub-major, and
then you do four free or unspecified electives.

They are not free in terms of finances or
money.

But it’s an unspecified elective.

That’s what we mean by free elective.

So with the four electives, you might choose
one subject from economics, one subject from

human resource management, one subject from
faculty, perhaps another elective could be

from another faculty.

So you’re mixing and matching different things
when you’re choosing your electives in this

structure.

So this structure is one way, you’re not doing
a second major, you’re not doing two sub-majors,

you’re only doing one sub-major plus four
free, or unspecified electives.

Dr Anurag Hingorani
This next option, option four is a new option

that we introduced in 2022.

In this option, you’re not doing a second
major, you’re not doing two sub-majors.

You’re not doing one sub-major and four free
elevtives.

Instead, you’re doing eight free or unspecified
electives.

So using the marketing major example, so you’ve
chosen marketing as your first major, and

then you’re picking and choosing subjects
electives from different areas of business.

It could also be from different areas in the
university from different faculties.

Of course, when you choose these free or unspecified
electives, you’ve got to make sure you meet

the entry requirements for a particular subject.

Subjects typically have entry requirements,
which we call prerequisites.

So even though you can do eight free or unspecified
electives, whichever letters you’re interested

in whichever faculty you’re interested in,
you’ve got to make sure that you meet the

entry requirements for a subject.

So just to illustrate this further, so you
decide on marketing is your first major, then

you might do one elective from accounting,
one from economics, one from finance, one

from management, one from it, one from science,
one from nursing, if that strikes your fancy.

So that’s what we mean by eight free or unspecified
electives.

Dr Anurag Hingorani
As I said, the Bachelor of Business course

is very flexible, I’m going to be talking
about two additional ways in which you can

structure the Bachelor of Business course.

Dr Anurag Hingorani
So with Option five, you are doing an Extended

Major.

And a major is eight subjects.

And extended major is 12 subjects.

And extended majors are available in accounting,
economics, finance, management, and marketing.

So you might be a student who knows that they
only want to specialize in one area, and you

decided that’s marketing, but you will be
doing an extended marketing major.

Now, if you do an extended marketing major,
that means you’re doing 12 subjects within

the extended major, that then gives you an
option to include a sub major along with the

extended nature.

So you might do an extended marketing major,
maybe a sub-major in finance.

Dr Anurag Hingorani
And the last way of structuring your Bachelor

of Business course, is where you’re again,
you decided you want to do an extended major.

But instead of doing a sub-major, you decide
you want to do four free or unspecified electives.

Dr Anurag Hingorani
So like I said, the Bachelor of Business course

is very flexible, you can see that there are
different options or ways in which you can

structure your course.

One thing I could mention is, the course is
flexible in that; let’s say you start start

out with a major, let’s say you decide to
do it in marketing as your first major.

And typically, you will start by doing four
subjects within the marketing major.

And after you’ve done this four subjects within
the marketing major, you decide now, that’s

marketing is not for you, or you’re not doing
well in those subjects.

You’re not stuck doing a marketing major.

If you’re feeling that way, you can then decide
on another major instead of marketing.

So you decide you want to do management, perhaps.

But now you have already completed the four
subjects within the marketing major.

What happens to those, those don’t go to waste.

Depending on the marketing subjects that you’ve
completed, those could potentially convert

to a marketing sub-major, or those could be
counted as four free or unspecified electives.

So this is another way in which the course
is flexible.

You might start a major and then decide it’s
not for you.

All is not lost, you could change to another
major.

And then the subjects you’ve completed with
your previous major would count towards either

a sub-major or four free or unspecified electives.

Dr Anurag Hingorani
So in the Bachelor of Business course, maths

is not a prerequisite.

However, there is assumed knowledge in maths.

What I like to say is if you know what Mean,
Median and Mode is, that’s great.

That’s what we mean by assumed knowledge.

However, if you haven’t studied maths you
can take advantage of U-Pass.

U-Pass is peer assisted study sessions; this
is a student learning program; delivered by

students for students.

So if you don’t have the necessary maths skills,
you could also sign up for bridging courses

offered by the university.

But maths is not a prerequisite though there
is assumed knowledge in maths, we certainly

don’t expect you to have the maths knowledge
that you see on the graphic there.

Dr Anurag Hingorani
So far, I have been talking just about the

Bachelor of Business course.

But some of you might be interested in combining
the Bachelor of Business course with some

other courses with some other degrees.

As you can see we have a range of combined
degree options You will see that some have

four year duration, some have a five year
duration.

Typically, if it’s a four year combined degree
course, then for the Bachelor of Business

component, you will only be doing the Bachelor
of Business core and one major, you won’t

have the other options which I’ve talked about
in terms of four unspecified electives, eight

unspecified electives, sub majors etc.

Dr Anurag Hingorani
So when you’re doing a combined degree that

is of a duration of four years, you will typically
just be doing the Bachelor of Business core

subjects, plus one Bachelor of Business major.

With the five year combined degrees, you have
the option of structuring your Bachelor of

Business course in different ways, as I’ve
already talked to you about.

Dr Anurag Hingorani
Now, most of the combined degree options are

with other Bachelor degrees.

So you’re doing a Bachelor of Business with
Bachelor in Biotechnology, you’re doing a

Bachelor of Business with Bachelor of Creative
intelligence and Innovation, so on and so

forth.

However, there is one combined degree with
the Bachelor of Business.

And that is the Master of Teaching in Secondary
Education.

But typically, most of the combined degree
options are with other Bachelor degrees.

Dr Anurag Hingorani
Now, if you don’t want to do a combined degree,

you just want to do a Bachelor of Business.

There are some degree add-ons that are available
to you.

And there’s one that’s called Diploma in Languages.

So if you’re interested in international career,
you want to develop your language skills,

then you might consider doing a Diploma in
Languages as an add on to your Bachelor of

Business course.

Or you might wish to do a Diploma in Innovation.

This add-on is available to any undergraduate
university student at UTS.

And you will be doing subjects that are offered
in the Bachelor of Creative Intelligence and

Innovation, if you complete this Diploma in
Innovation as an add-on to your Bachelor of

Business course.

Dr Anurag Hingorani
Now, early on, I said that the Bachelor of

Business course is a professional course;
majors are accredited by professional bodies,

and you will see we have accreditation from
Accounting bodies, the Human Resource Institute,

for example, and apart from our course being
flexible, it is also highly professional course.

Dr Anurag Hingorani
Now UTS is offering an Early Entry program

into the Bachelor of Business program or Bachelor
of Business course; where you use your year

11 results to enter UTS.

You have to apply to the UTS online application
portal.

It is free to apply and you only need to apply
once.

Offers are made on your preferences and based
on your year 11 results.