Master of Commerce (MCom)
| Course Code | FC014 |
| Course Type | Postgraduate |
| Credit Points Required | 72 |
| CRICOS code | 019181A |
Description
The Commerce programs draw on the strengths of the Faculty of Economics and Business to assist students to develop the advanced skills and knowledge required for a high-level position in industry, commerce and government. These programs offer specialised education in one or two of the following areas: accounting, banking, business and society, business decision sciences, business information systems, business law, business statistics, economics, entrepreneurship, employment relations and human resource management, finance, governance, international business, marketing, organisational analysis and strategy, quantitative finance, strategic management, supply chain and logistics management, taxation and transport management.
Please Note: Students who commenced their degree prior to 2010 should refer to the course structure, available major subject areas and resolutions in the faculty handbook for the year they commenced. Archived downloadable faculty handbooks can be accessed on the Handbooks website.
Course Rules
To be awarded the Master of Commerce, students must successfully complete a total of 12 units of study (72 credit points), comprising:
- four to six core (foundation / 5000 level) units of study (24 to 36 credit points)
- a major in one of the subject areas for majors and electives (four advanced/6000-level units of study - 24 credit points)
- a second major (four advanced/6000-level units of study - 24 credit points) in one of the subject areas for majors and electives (different to that chosen as a first major); OR elective advanced/6000-level units of study (12 to 24 credit points) selected from the subject areas for majors and electives
Core (Foundation) Units of Study
Students select their core units from the following options
- ACCT5001 Accounting Principles
- ACCT5002 Managerial Accounting and Decision Making
- CLAW5001 Legal Environment of Business
- ECMT5001 Principles of Econometrics
- ECMT5020 Data Analysis and Interpretation
- ECON5001 Microeconomic Theory
- ECON5002 Macroeconomic Theory
- FINC5001 Capital Markets and Corporate Finance
- IBUS5001 Global Context of Business
- IBUS5011 Foundations of Entrepreneurship
- INFS5000 Information and Systems in Organisations (formerly titled 'Business Information Systems' in 2009)
- MKTG5001 Marketing Principles
- MKTG5002 The Psychology of Business Decisions
- WORK5002 Introduction to HRM
- WORK5003 Management and Organisations
Subject Areas for Majors and Electives
Students select their major/s and/or electives from the following subject areas.
Note: Majors marked with an "*" will not be available for students commencing in 2009/2010.
Please Note: The information set out here is for students commencing their Master of Commerce degree in 2010. Continuing students should follow the degree structure outline in the Faculty Handbook for the year they commenced their degree.
Enrolment Guide
1. The following table shows an example degree progression for a student who wishes to attain one major in the Master of Commerce on a full-time basis undertaking four units of study per semester.
| Year / Semester | Unit of study 1 | Unit of study 2 | Unit of study 3 | Unit of study 4 | Total credit points |
|---|---|---|---|---|---|
| Year 1 Semester 1 | core | core | core | core | 24 |
| Year 1 Semester 2 | major I | major I | core or elective | core or elective | 24 |
| Year 2 Semester 1 | major I | major I | elective | elective | 24 |
2. The following table shows an example degree progression for a student who wishes to attain two majors in the Master of Commerce on a full-time basis undertaking four units of study per semester.
| Year / Semester | Unit of study 1 | Unit of study 2 | Unit of study 3 | Unit of study 4 | Total credit points |
|---|---|---|---|---|---|
| Year 1 Semester 1 | core | core | core | core | 24 |
| Year 1 Semester 2 | major I | major I | major II | major II | 24 |
| Year 2 Semester 1 | major I | major I | major II | major II | 24 |
Students who intend to meet specific professional body accreditation requirements should check the information listed under the heading accreditation program requirements as this may impact on the choice of major/s and electives.
Please Note: The information listed in these program of study examples is meant as a guide only. Students should always check the requirements for individual units of study. Students are usually able to complete the units of study for their degree in different sequences to those listed above. You are advised to plan their degree based upon your individual needs and to contact the Student Information Office if you need any assistance in planning your progression in your degree.
The following downloadable file shows degree progression examples for all the majors available under the Master of Commerce
The following downloadable degree progression examples illustrate popular major combinations which can undertaken in the Master of Commerce:
- Majors in Accounting and Finance
- Majors in Accounting and Marketing
- Majors in Banking and Finance
- Majors in International Business and Economics
- Majors in International Business and Finance
- Majors in International Business and Marketing
- Majors in International Business and Organisational Analysis & Strategy
- Majors in International Business and Strategic Management
- Majors in Supply Chain & Logistics Management and Employment Relations & Human Resource Management
Accreditation Requirements
Australian Computer Society (ACS) Accreditation Program
Students planning to satisfy the accreditation requirements of the ACS should include in their degree a prescribed set of units of study, including a major in Business Information Systems.The required units of study are listed below:
- The core/foundation unit of study INFS5000 Business Information Systems from 'Core units of study'
- At least five advanced Business Information Systems (INFS 6000-level) elective units of study (30 credit points)
For further information, click on the following link: ACS accreditation.
Australian Human Resources Institute (AHRI) Accreditation
AHRI is the national association representing human resource management professionals and is Australia's leading human resources professional body. All courses incorporating a major/specialisation in Employment Relations and Human Resource Management are AHRI-accredited. Students wishing to satisfy the requirements for professional membership of AHRI should include this major in their course.
Professional Accreditation in Accounting
Students who wish to meet professional accreditation requirements in accounting should be enrolled in the Master of Professional Accounting or the Master of Commerce and Master of Professional Accounting.
Master of Commerce (Honours)
The Master of Commerce (Honours) will not be available for students commencing in 2010
Students who commenced their Master of Commerce degree prior to 2010 are able to follow the requirements for the Master of Commerce (Honours) outlined in the faculty handbook for the year they commenced their pass degree. Archived downloadable faculty handbooks can be accessed on the Handbooks website.
Entry requirements
For entry into this degree, students must have completed a bachelor’s degree, graduate diploma/certificate or equivalent from a recognised tertiary institution with a minimum credit (65 per cent) average.
For details of the English language requirements for entry into this course, please refer to the webpage titled English Language Requirements for International Students under the Admissions information on the University's website.
Duration of course
Full-time:A typical full-time student will undertake three or four units of study per semester, completing the 12 units in three to four semesters (1.5 to two years).
Part-time:Students undertake one or two units per semester, typically completing the program in three to six years.