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Our history

The history of Monash Business School is colourful and dynamic.

It is a history that celebrates diversity in teaching and research, the development of a unique identity and character, and positive responses to changing external and internal environments.

The early years

When Monash University opened its doors in 1961, 57 students were enrolled in the Bachelor of Economics.

By 1968, these numbers had risen to 1400 – what was then known as the Faculty of Business and Politics had become the largest economics faculty in Australia.

1980s-1990s: a period of change

1980s-1990s: period of change

The late 1980s and early 1990s were a period of great change for Australian universities. Monash was by no means exempt. Monash University merged with the Chisholm Institute of Technology in the early 1990s. Post-merger, there were effectively two economics faculties – at the Clayton campus, now named The Faculty of Economics, Commerce and Management operated with a strong teaching and research focus, while the David Syme Business School continued to run at what had become the Caulfield campus of Monash University. The David Syme Business School focused on fostering strong professional relationships with industry and community.

These two entities operated independently under the Monash University umbrella until 1993 when, through a merger, a multi-campus faculty emerged, teaching at Clayton, Caulfield, Gippsland, Peninsula, and once it opened in 1994, Berwick.

From Faculty to School

By the late 1990s and early 2000s, the Faculty was again on the rise and expanded its operations into Monash University's  international campuses as they opened: in Malaysia (1998), and South Africa (2001).

Today the Faculty of Business and Economics is one of the largest and most international business and economic academies in the Asia-Pacific region. It is the only Group of Eight 'triple crown' accredited faculty in Australia.

In 2014, Monash Business School was established as part of a move to more effectively leverage the Faculty's global reach and reputation. The School encompasses all Faculty of Business and Economics organisational units and activities within Australia.

Interactive timeline

We have put together an interactive timeline, which includes some of the School's milestones.