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Master of Commerce - 16 unit program (MCom)

Course Code MACOMMER3000
Course Type Postgraduate
Credit Points Required  96
CRICOS code 077328F

Description

This course is for continuing students only.  Prospective students should refer to the Master of Commerce information in the University of Sydney website.

Students who commenced study prior to Semester 2, 2013 are enrolled in the 12 unit Master of Commerce program.

The Master of Commerce is a two-year program of full-time study (or four years part-time) designed to enable graduates with a recognised bachelor's qualification in any field (and at a standard acceptable to the Business School) the opportunity to acquire an applied understanding of business concepts and practices, including in-depth knowledge in up to two preferred areas of business practice. While designed specifically for those from a non-business degree background, the program is also open to those with a prior bachelor's qualification or higher in a business-related field. Prior learning in the business field may be recognised by means of waivers and/or credit.

Minimum duration of degree

Full-time Part-time

2 years

4 years


Degree structure

To be awarded the Master of Commerce, students must successfully complete a total of 16 units of study (96 credit points), comprising:

  • two core units of study (12 credit points)
  • two to six foundational units of study (12 to 36 credit points)*
  • a specialisation selected from one of the Commerce areas of specialisation
  • . additional specialisation/s, dissertation and/or elective units of study required to make 96 credit points in total for the degree (excluding foundational units).

Depending on prior study and/or industry experience, students may be eligible for recognition of prior learning, reducing the duration of the degree by up to 12 months. See below for more details.

Core units of study

Master of Commerce students complete two units of study:

Foundational units of study

Master of Commerce students complete two to six foundational units of study. The available foundational units are as follows:

* This unit replaces TPTM5001 Logistics and Supply Chain Management from 2014.

+ These units are offered by the School of Economics (Faculty of Arts and Social Sciences)

^ This unit will not be available as a foundational unit for students commencing in this degree from 2016.

Students commencing study prior to 2014 are able to count the unit BUSS5001 as a foundational unit for their degree.

Specialisations and electives

Students complete at least one specialisation as a requirement for the Master's degree. For a specialisation, students complete at least one foundational unit of study (six credit points) and four advanced units of study (24 credit points). The foundational unit for a specialisation is completed within a student's first semester of study. Students select their specialisation and/or electives from the following areas:

(i) Specialisations from the University of Sydney Business School:

(ii) Specialisations from the School of Economics (Faculty of Arts and Social Sciences):

* The Quantitative Business Analysis specialisation has been re-named Business Analytics for students commencing study from 2015. Pre-2015 students completing the Quantitative Business Analysis specialisation can complete all units listed under the Business Analytics specialisation.

+ The Econometrics specialisation will not be available to students commencing in this degree from 2016.

Recognition of Prior Learning (RPL)

The Business School recognises the importance of prior learning and industry experience. If you hold a prior qualification or have industry experience of at least 3 years in duration, you could be eligible for recognition of prior learning in your Master of Commerce degree.

RPL means that you could save up to a year of full time study, and complete your degree in just 12 months. For more information, please visit the recognition of prior learning information page.

Industry placement program (IPP)

Students who achieve a WAM of 65%+ in a minimum of eight units in the Master of Commerce (48 credit points) may apply for an assessable work integrated learning unit. Access to these units will be subject to the availability of suitable placements, with available placements offered on a competitive basis and subject to WAM performance and interview by the Program Director or delegate

The available placement units include:

Please note: This unit cannot be counted towards a specialisation.

For further information on industry placement program, see the Industry Placement Program (IPP) webpage.

Community placement program (CPP)

Students who achieve a WAM of 65%+ in a minimum of eight units in the Master of Commerce (48 credit points) may apply for a assessable community placement unit. Access to these units will be subject to the availability of suitable placements, with available placements offered on a competitive basis and subject to WAM performance and interview by the Program Director or delegate

The available placement units include: 

Please note: These unit cannot be counted towards a specialisation.

For further information on community placement program, see the Community Placement Program (CPP) webpage.

NEXT Innovation program

Students who achieve a WAM of 65%+ in a minimum of eight units of study  (48 credit points) may apply for the NEXT Innovation program (BUSS6505 - six credit  points). A globally recognised innovation program, the NEXT Innovation program  (formerly Deloitte FASTRACK) is designed to give students practical experience  in business innovation. For further information see: NEXT Innovation Program Semester 1, 2016

Commerce dissertation

Students in the Master of Commerce program who achieve a WAM of 80%+ in a minimum of eight units of study (48 credit points) in the Master of Commerce may apply to complete a research dissertation (24 credit points) comprising: BUSS7002 Business Dissertation (full-time students), OR BUSS7000 Business Dissertation A and BUSS7001 Business Dissertation B (part-time students). Access to these units will be subject to the availability of suitable supervisors, WAM performance and interview by the Program Director.

Read more information and download the application form

Please note: These units cannot be counted towards a specialisation.

Accreditation program requirements

Professional accreditation in accounting: CPA Australia and CAANZ

Students seeking associate membership of CPA Australia or Chartered Accountants Australia and New Zealand (CAANZ) should complete the Master of Professional Accounting which is accredited by both CPA Australia and CAANZ. Depending on the area(s) of specialisation and elective units they select, however, students enrolled in the Master of Commerce can complete all the required units of study covering the core knowledge areas to meet the joint accreditation requirements for CPA Australia and/or the Chartered Accountants Australia and New Zealand (CAANZ). See 'CPA Australia and CAANZ accreditation' below for further details.

Selection of the following units of study is recommended to maximise the coverage of the foundation core knowledge areas that are required by the two main professional accounting bodies in Australia:

Required knowledge area Subject code Subject's name

Accounting information systems

ACCT6014

Designing Accounting Systems

Accounting systems and processes

ACCT5001

Accounting Principles

Accounting theory

ACCT6001

Intermediate Financial Reporting

Audit and assurance

ACCT6007 #

Contemporary Issues in Auditing

Commercial law CLAW5001 Legal Environment of Business
Corporations law CLAW6002 Corporate Structures in Practice
Economics BUSS5001 Firms, Markets and Business Management
Finance FINC5001 Capital Markets and Corporate Finance
Financial accounting ACCT6010 Advanced Financial Reporting
Management accounting ACCT5002 Management Accounting and Decision Making
Quantitative methods QBUS5001 Quantitative Methods for Business
Taxation CLAW6026# Taxation Law and Practice

# Note: CPA Australia allows graduates the option of completing auditing and taxation units as part of their degree at university,or as electives in their professional level studies within the CPA program.

As recent changes have occurred in the foundation core knowledge area requirements of both professional bodies, students should check each of the CAANZ and CPA Australia websites for current requirements for associate membership and further professional program requirements to achieve CA or CPA status. In addition, they can seek advice from the CPA/CAANZ accreditation liaison officer in the Discipline of Accounting. For further information regarding accreditation with these professional accounting bodies, please refer to the accredited course information on their respective websites:

Professional accreditation in accounting: Association of Chartered Certified Accountants (ACCA)

  Students who complete the Master of Commerce with a specialisation in Accounting are eligible to receive  four exam exemptions from the Association of Chartered Certified Accountants (ACCA). In addition, students who complete  certain accredited units of study will also be eligible for an  additional ACCA exam exemptions. See the ACCA website for further details of exam exemptions.

Preparation for Chartered Financial Analyst (CFA®) Exams

The learning content offered in the Finance specialisation has considerable overlap with Levels I, II and III of the CFA and assists with preparation for the external CFA exams. The following units of study are especially relevant to students wishing to take the CFA exams:

  • FINC5001 Capital Markets and Corporate Finance
  • FINC6001 Intermediate Corporate Finance
  • FINC6009 Portfolio Theory and its Applications
  • FINC6010 Derivative Securities
  • FINC6014 Fixed Income Securities
  • FINC6017 Mergers and Acquisitions
  • FINC6021 Corporate Valuation
  • FINC6022 Behavioural Finance
  • FINC6023 Risk Management

In addition, it is recommended that students complete the free online learning module, Ethics and Standards of Practice available through the CFA Institute.

Progression guides

One specialisation

The following table shows an example degree progression for a student who wishes to attain one specialisation in the Master of Commerce on a full-time basis undertaking four units of study per semester.

YEAR SESSION UNITS OF STUDY CREDIT POINTS

Year 1

Semester 1

foundational unit (articulates to specialisation)

foundational unit

foundational or elective unit

BUSS5000

24

Semester 2

unit for specialisation

foundational or elective unit

foundational or elective unit

foundational or elective unit

24

Year 2

Semester 1

unit for specialisation

unit for specialisation

elective unit

elective unit

24

Semester 2 unit for specialisation elective unit elective unit BUSS6000 24
 

96

Two specialisations

The following table shows an example degree progression for a student who wishes to attain two specialisations in the Master of Commerce on a full-time basis undertaking four units of study per semester.

YEAR SESSION UNITS OF STUDY CREDIT POINTS

Year 1

Semester 1

foundational unit (articulates to specialisation A)

foundational or elective unit

foundational unit (articulates to specialisation B)

BUSS5000

24

Semester 2

unit for specialisation A

foundational or elective unit

foundational or elective unit

unit for specialisation B

24

Year 2

Semester 1

unit for specialisation A

unit for specialisation A

unit for specialisation B

unit for specialisation B

24

Semester 2 unit for specialisation A foundational or elective unit unit for specialisation B BUSS6000 24
 

96

Please Note: The information listed in these programs 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 Staff and Student Services if you need any assistance in planning your progression in your degree.

 Degree progression examples for students who have received recognition of prior learning 

Students  in the Master of Commerce who receive 24 credit points of Recognition of prior  learning will shorten their degree to 1.5 years. Student how do Recognition of  prior learning will need to plan their studies more carefully especially if  they are wishing to study more than one specialisation.

One specialisation

The following tables illustrate  degree progression examples for students who  wishes to attain one specialisation in the Master of Commerce and have received  24 credit points of recognition of prior learning (RPL) on a full-time basis  undertaking four units of study per semester.

1. 24 credit points RPL (unspecified)

                    
YEAR SESSION UNITS OF STUDY CREDIT POINTS

RPL

RPLN7024  Recognition  of prior learning

24

 
Year 1

Semester 1

foundational unit (articulates to specialisation)

foundational unit

foundational or elective unit

BUSS5000

24

Semester 2

unit for specialisation

unit for specialisation

foundational or elective unit

foundational or elective unit

24

Year 2 Semester 1 unit for specialisation unit for specialisation foundational or elective unit BUSS6000 24
 

96

2. Six credit points RPL for foundational unit + 18 credit points RPL (unspecified)

                                                   
YEAR SESSION UNITS OF STUDY CREDIT POINTS
RPL Recognition  of prior learning for a foundational  unit (articulates to specialisation) * RPLN7018  Recognition  of prior learning 24

Year 1

Semester 1

unit for specialisation *

foundational

foundational or elective unit

BUSS5000

24

Semester 2

unit for specialisation *

foundational or elective unit

foundational or elective unit

foundational or elective unit

24

Year 2

Semester 1

 

unit for specialisation *

 

unit for specialisation *

 

elective unit

 
BUSS6000

24

 
 

96

 

* In this example, the student has RPL for the foundational unit that articulates to their chosen specialistion allowing the student to commence their specialistion from their first semester of enrolment.

3. Six credit points RPL for foundational unit + six credit points RPL for foundational unit + 12 credit points RPL (unspecified)

                                                         
YEAR SESSION UNITS OF STUDY CREDIT POINTS
RPL Recognition  of prior learning for a foundational  unit (articulates to specialisation)* Recognition  of prior learning for a foundational  unit RPLN7012  Recognition  of prior learning 24

Year 1

Semester 1

unit for specialisation *

foundational or elective unit

foundational or elective unit

BUSS5000

24

Semester 2

unit for specialisation *

foundational or elective unit

foundational or elective unit

elective unit

24

Year 2

Semester 1

 

unit for specialisation *

 

unit for specialisation *

 

elective unit

 
BUSS6000

24

 
 

96

 

* In this example, the student has RPL for the foundational unit that articulates to their chosen specialistion allowing the student to commence their specialistion from their first semester of enrolment.

4. Six credit points RPL for foundational unit + six credit points RPL for foundational unit + six credit points RPL for foundational unit + 6 credit points RPL (unspecified)

                                                                            
YEAR SESSION UNITS OF STUDY CREDIT POINTS

RPL

     
Recognition  of prior learning for a foundational  unit (articulates to specialisation)* Recognition  of prior learning for a foundational  unit Recognition  of prior learning for a foundational  unit RPLN7006  Recognition  of prior learning 24
Year 1

Semester 1

unit for specialisation *

foundational or elective unit

foundational or elective unit

BUSS5000

24

Semester 2

unit for specialisation *

foundational or elective unit

elective unit

elective unit

24

Year 2

Semester 1

 

unit for specialisation *

 

unit for specialisation *

 

elective unit

 
BUSS6000

24

 
 

96

 

* In this example, the student has RPL for the foundational unit that articulates to their chosen specialistion allowing the student to commence their specialistion from their first semester of enrolment.

Two specialisations

The following tables illustrate example degree progressions for  students who  wishes to attain two specialisations in the Master of Commerce and have  received 24 credit points of recognition of prior learning on a full-time basis  undertaking four units of study per semester.

1. 24 credit points RPL (unspecified)

                                             
YEAR SESSION UNITS OF STUDY CREDIT POINTS
RPL RPLN7024  Recognition  of prior learning 24

Year 1

Semester 1

foundational unit (articulates to specialisation A)

unit for specialisation A

foundational unit (articulates to specialisation B)

BUSS5000

24

Semester 2

unit for specialisation A

unit for specialisation A

unit for specialisation B

unit for specialisation B

24

Year 2

Semester 1

 

unit for specialisation A

 

unit for specialisation B

 

unit for specialisation B

 
BUSS6000

24

 
 

96

 

2. Six credit points RPL for foundational unit + 18 credit points RPL (unspecified)

                                                      
YEAR SESSION UNITS OF STUDY CREDIT POINTS
RPL Recognition  of prior learning for a foundational  unit (articulates to specialisation) * RPLN7018  Recognition  of prior learning 24

Year 1

Semester 1

unit for specialisation A *

foundational or elective unit

foundational unit (articulates to specialisation B)

BUSS5000

24

 

Semester 2

unit for specialisation A *

unit for specialisation A*

unit for specialisation B

unit for specialisation B

24

Year 2

Semester 1

 

unit for specialisation A *

 

unit for specialisation B

 

unit for specialisation B

 
BUSS6000

24

 
 

96

 

* In this example, the student has RPL for the foundational unit that articulates to their chosen specialistion allowing the student to commence their specialistion from their first semester of enrolment.

3. Six credit points RPL for foundational unit + six credit points RPL for foundational unit + 12 credit points RPL (unspecified)

                                                         
YEAR SESSION UNITS OF STUDY CREDIT POINTS
RPL Recognition  of prior learning for a foundational  unit (articulates to specialisation A)* Recognition  of prior learning for a foundational  unit (articulates to specialisation B)* RPLN7012  Recognition  of prior learning 24

Year 1

Semester 1

unit for specialisation A *

unit for specialisation B *

foundational or elective unit

BUSS5000

24

Semester 2

unit for specialisation A *

unit for specialisation B *

unit for specialisation B*

foundational or elective unit

24

Year 2

Semester 1

 

unit for specialisation A *

 

unit for specialisation A *

 

unit for specialisation B*

 
BUSS6000

24

 
 

96

 

* In this example, the student has RPL for the foundational units that articulate to their chosen specialistions allowing the student to commence their specialistion from their first semester of enrolment.

4. Six credit points RPL for foundational unit + six credit points RPL for foundational unit + six credit points RPL for foundational unit + 6 credit points RPL (unspecified)

                                                               
YEAR SESSION UNITS OF STUDY CREDIT POINTS
RPL Recognition  of prior learning for a foundational  unit (articulates to specialisation A) * Recognition  of prior learning for a foundational  unit (articulates to specialisation B) * Recognition  of prior learning for a foundational unit RPLN7006  Recognition  of prior learning 24

Year 1

Semester 1

unit for specialisation A *

foundational or elective unit

unit for specialisation B *

BUSS5000

24

Semester 2

unit for specialisation A *

foundational or elective unit

unit for specialisation B *

unit for specialisation B *

24

Year 2

Semester 1

 

unit for specialisation A *

 

unit for specialisation A *

 

unit for specialisation B *

 
BUSS6000

24

 
 

96

 

* In this example, the student has RPL for the foundational units that articulate to their chosen specialistions allowing students to commence their specialistion from their first semester of enrolment.

Degree progression examples - specialisations and specialisation combinations

The following downloadable degree progression examples illustrate all single specialisations and some specialisation combinations which can undertaken in the Master of Commerce. Students should note that many other combinations of specialisations can be completed other than those illustrated in the examples below.

One specialisation
Two specialisations
Three specialisations