The Wade Institute has been founded to create and empower the next generation of audacious entrepreneurs who want to create the new enterprises of our economies. The Institute will be home to the University of Melbourne’s new Master of Entrepreneurship – the MBA for the entrepreneurial age – a gateway to the entrepreneurial ecology of Melbourne and the University.
Most entrepreneurs don’t fail to start, they fail to grow. And they don’t fail to grow because they have bad ideas, they fail to grow because they can’t manage the business that houses that idea. It requires skills like understanding how to manage people, deal with investors, manage suppliers, and read financial statements. These are a teachable set of skills. You don’t always have to learn from your own mistakes. You can learn from other people’s.
What we teach are all those things that entrepreneurs say are ‘the things I wish I had known’. We’re changing the success rate.
This is the course for anybody who ever had a great idea who wanted to do something with it. The Master of Entrepreneurship will provide you with:
You will be immersed in a program rich with guest entrepreneurs and industry leaders. With a small cohort you will get to meet them, not just hear them. So, for example, if you want to know what funders are looking for there is no better way to find out than to ask them. We want to make sure that you leave with the connections that will help you to succeed in the next stage of your career. You can also take advantage of our mid-year internship program to learn from actually working in a start-up. Our list of entrepreneurs and guest speakers grows every day.
This program will be taught on-campus at the Wade Institute, which is located at Ormond College in Parkville. Selected subjects are offered in intensive mode and over the summer and winter semesters. Subjects will be taught through workshops, seminars, small group working session, practicals, field work and some lectures. The Wade Institute building has been purpose built to facilitate these types of high interactive and personal modes of teaching and learning.
You will be required to attend between 20 – 25 contact hours per week, including two fulltime week-long intensives which will be a unique blend of workshops, seminars and studio style. These subjects will be intensive and immersive.
The two intensive subjects are:
The other subjects will be taught between 10am-1pm Monday to Friday with regular lunchtime guest lecturers and workshops with entrepreneurs and leading industry figures during and after class times.
Outside those hours your will be very welcome to work at the Wade Institute, where everyone will have their own workspace.
Contact hours for the two-year part-time degree are different. Talk to us to learn more.
Yes. The part-time course is completed over two years:
Talk to us for more information.
We want a small cohort of students to ensure:
To be considered for entry, applicants must have completed an undergraduate degree in any discipline. Students will be selected by a committee made up of senior academic staff from the Faculty of Business and Economics and Ormond College. You’ll be required to attend an interview and create a video pitch as part of the application process.
Your video pitch should be up to five minutes long. It should pitch to us why you want to be part of The University of Melbourne’s Master of Entrepreneurship. Please note: the selection panel are more interested in substance than style.
You apply directly to The University of Melbourne fbe.unimelb.edu.au/entrepreneurship
Applications to study in 2018 are now open:
Yes, but you will need to wait until your final results have been released to have a confirmed offer. You will receive a conditional offer if selected.
Faculty of Business and Economics (FBE) scholarships:
A number of FBE scholarships are available to outstanding local and international students admitted to the Master of Entrepreneurship. All admitted students will automatically be considered for these scholarships.
Wade Institute / Ormond College scholarships:
The Institute has a dedicated scholarship program to help make sure financial need isn’t a barrier to high potential entrepreneurs joining the program. These scholarships include the Ormond Entrepreneur’s Scholarship and the Naomi Milgrom Scholarship for Women Entrepreneurs. You will need to apply separately for these scholarships. Additional financial assistance is also available to any Wade Institute students who are in residence at Ormond College. Please contact us for further information admissions@wadeinstitute.org.au
Ormond College is the largest college at the University of Melbourne. Currently the College has over 360 undergraduate residents, 90 graduate residents, and roughly 100 non-residents.
The College is located at 49 College Crescent Parkville which is approximately 400 meters from the university. The College has an extensive academic and extra-curricula learning program and its own student well-being team.
It is a College with a diverse population from around the nation and the world and its Financial Assistance Program means it has students from a wide range of backgrounds. For more details please go to www.ormond.unimelb.edu.au
Yes, there are several accommodation options ranging from self-contained apartments to share houses as well as the Graduate Building. There is no requirement to be an Ormond resident to enrol in the Master of Entrepreneurship.
Ormond fees range from $23,000 to $26,000 for the year – depending on the type of accommodation. This sum cannot be added to FEE Help. These fees cover all meals, accommodation, bills and full access to the learning program. Financial Assistance is available to help students of the Master of Entrepreneurship live on campus at Ormond College.
As a student in the Master of Entrepreneurship, you will have full access to all the College’s facilities which includes the library, extra-curricular learning program, JCR café, Dining Hall, the gym, and Wade Institute workspace and facilities. You will be part of a larger and very diverse student body. You will be welcome to participate in their very wide range of activities from sporting teams to cultural pursuits. You will also be able to join the many networking and community events available at Ormond. Ormond also has a resident community team able to offer confidential counselling and support services.
Yes, you will have a University of Melbourne student card and will have access to the University’s libraries, social facilities, clubs and services.
Behind the Wade Institute for Entrepreneurship is the very successful, yet low-profile, entrepreneur and Ormond alumnus, Peter Wade. Originally from Geelong, Peter knows first-hand the changes that are sweeping though the Australian economy. He has watched the decline of manufacturing and heavy industry in and around his hometown and how Geelong has reinvented itself several times to meet the challenges it has faced.
“We are a smart nation but still too few of our great ideas are generating the future of our economy.”
Peter goes on to say, “I have been involved in supporting education for a while now and it has given me enormous faith in the extraordinary talent of young Australians.” He is keen to see budding entrepreneurs equipped with the skills they need to take that talent and use it to create value, opportunities and jobs for Australia’s future.
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