Master of Commerce
The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.
The Sydney Master of Commerce (MCom) will equip you with the advanced skills and knowledge required for a high-level position in industry, business and government. Whether your background is in business or in some other field – such as arts, engineering or science – the MCom is the ideal degree to either fast-track your current career or take it in a new direction entirely.
This program 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 three preferred areas of business practice. Recognition of prior learning may reduce the number of units required (and thereby the duration) of this degree. Students with either a bachelor’s degree in a business field or a minimum of 3 years professional work experience are eligible for a semester reduction (to 1.5 years full-time equivalent) and those with both (or a master’s degree in a business field), are eligible for a reduction of two semesters (to 1 year full-time equivalent).
The Master of Commerce requires the completion of units of study totalling 96 credit points, comprising:
(1) two core units of study (12 credit points),
(2) two to six foundational units of study (12 to 36 credit points),
(3) at least one specialisation selected from the areas of specialisation, and
(4) additional specialisation/s, dissertation or elective units of study.
Recognition of Prior Learning (RPL)
The Business School recognises the importance of prior learning and industry experience. If you hold a prior qualification and/or have industry experience of at least 3 years in duration, you could be eligible for a Recognition of Prior Learning (RPL) in your Master of Commerce degree, reducing the duration of your studies by up to one year. Find out more details at Recognition of Prior Learning.
Core units of study
BUSS5000 Critical Thinking in Business: This compulsory entry point unit equips you with key thinking and decision-making skills that are vital to effectiveness in today’s competitive business environment. In particular, it gives you the capability to analyse and respond to business-related problems and opportunities in ways that are both innovative and practical.
BUSS6000 Succeeding in Business: This compulsory Capstone unit, undertaken in the final semester of study, equips you with high-level cross-disciplinary and cross-functional insights, knowledge and skills. You will work collaboratively with peers and expert advisers to integrate specific knowledge acquired from your chosen specialisations to address real-world business challenges.
Foundational units of study
Two to Six foundational units selected from:
- ACCT5001 Accounting Principles,
- BUSS5002 Business Fundamentals (new unit from 2015),
- CLAW5001Legal Environment of Business,
- ECMT5001 Principles of Econometrics,
- ECON5001Microeconomic Theory,
- FINC5001 Capital Markets and Corporate Finance,
- IBUS5002 Strategy, Innovation and Entrepreneurship,
- IBUS5003 Global Business,
- INFS5001 Project Management,
- INFS5002 Digital Business Foundations (new unit from 2015),
- ITLS5000 Foundations of Supply Chain Management,
- ITLS5100 Transport & Infrastructure Foundations(new foundational unit from 2015),
- MKTG5001Marketing Principles,
- QBUS5001Quantitative Methods for Business, and
- WORK5003 Management and Organisations.
Areas for specialisation
For 2015, the following specialisation subject areas will be available to students:
- Aviation and Maritime Management and Logistics (new for 2015),
- Business Analytics (replaces Quantitative Business Analysis from 2015),
- Business Information Systems,
- Business Law,
- Business Sustainability (new for 2015),
- Infrastructure and Transport Management (new for 2015),
- International Business,
- Logistics and Supply Chain Management (amended for 2015),
- People, Management and Organisations,
- Project Management,
- Quantitative Finance, and
- Strategy, Innovation and Entrepreneurship.
Degree progression examples for specialisations and specialisation combinations available in this degree can be found on the Business School website.
Elective units of study
Students can select elective units of study from any of the Commerce specialisation subject areas and other available electives listed in the unit tables in University of Sydney Business School (Postgraduate) Handbook.
Industry Placement: High-achieving students may elect to undertake an assessable industry placement in Sydney, regional NSW or internationally. Places are offered on a competitive basis, subject to availability.
Deloitte FASTRACK Innovation Challenge: Students who achieve a WAM of 65%+ in a minimum of eight units of study (48 credit points) may apply for the Deloitte FASTRACK Innovation Challenge unit. A global recognised innovation program, the Deloitte FASTRACK Innovation Challenge is designed to give business and management students’ practical experience in business innovation.
Commerce Dissertation: Students who achieve a weighted average mark (WAM) of 80 percent or higher in at least eight units of study have the option to complete a supervised research dissertation of 15,000 to 20,000 words (equivalent to four units of study) on an approved business topic.
What is a specialisation?
A specialisation is defined sequence of study comprising specified units of study in a particular subject area. A specialisation in the Master of Commerce consists of at least six credit points of foundational units of study and 24 credit points in advanced units of study (compulsory and elective or just elective depending on the specialisation chosen). Advanced units of study cannot be counted towards more than one specialisation.
Further course information
A candidate for the Master of Commerce completes the core unit, BUSS5000 Critical Thinking in Business, in the first semester of enrolment. Any foundational unit/s required for their specialisation/s should also be completed at this time. The capstone core unit, BUSS6000 Succeeding in Business, is completed in the final semester of enrolment. Units for specialisation/s, electives and remaining foundational units (if required) can be completed in any order depending on prerequisite/corequisite requirements.
For a progression guide for this degree, please refer to the Business School (Postgraduate) Handbook.
The core capstone unit of study, BUSS6000 Succeeding in Business, is designed to provide you with an integrated learning experience. This unit will consolidate your learning and teach you how to apply your knowledge and skills to real-world business problems.
Course outcomes and further study
Sydney Master of Commerce graduates will acquire the skills and knowledge to pursue high-level positions in industry or government, in areas relevant to their specialisation/s. For example, the degree can prepare you for positions in accounting, marketing or other specialist fields. It also gives you a thorough understanding of commerce for use in many business fields.
For certain career options, external accreditation is a requirement for entering the workforce. Further accreditations are available to students who complete the requirements and meet eligibility criteria for the following:
- CPA Australia
- Chartered Accounts Australia and New Zealand (CAANZ)
- Association of Chartered Certified Accountants (ACCA)
- Prepartion for Chartered Financial Analyst (CFA®) exams
The University of Sydney Business School has an outstanding reputation for the quality of its research across a wide range of academic disciplines. The Master of Commerce is an entry pathway to our higher degree by research programs, the Doctor of Philosophy (PhD) and Master of Philosophy (MPhil).
The postgraduate research programs offered by the Business School attract a large number of domestic and international students each year. With more than 180 research students currently enrolled, we have one of the largest and most diverse higher degree by research programs in the Asia-Pacific region. Read more information about Sydney research at sydney.edu.au/business/research.
A successful applicant for admission to the Master of Commerce will hold the equivalent of an Australian bachelor's degree, graduate diploma/certificate from a recognised tertiary institution with a minimum credit (65 per cent) average. Qualifications awarded outside Australia can also be used for admission but equivalencies and entry requirements are determined based on the country, institution and qualification. You can find guidelines of the most common international entry requirements at http://sydney.edu.au/business/study/courses/admission_requirements.
How to apply
How to apply
Applications are made directly to the University and assessed by the Business School.
For students commencing in 2015, no Commonwealth Supported Places (CSP) are available.
How to apply
Overseas applicants may apply:
- directly to the University, or
- through a University overseas representative (education agent).
Postgraduate Domestic Tuition Fee
This 2015, tuition fee for a domestic postgraduate student represents the fee that is payable by you in the calendar year you commence your course, commencing in 2014 for a standard annual full time load of 48 credit points (1.0 EFTSL). If your study load is more or less than the 1.0 EFTSL your fee will differ.
Annual review for postgraduate domestic tuition fee
Importantly, tuition fees are subject to annual review by the University, and are likely to increase each year of your period of study, effective at the start of each calendar year.
Additional incidental fees
For some courses there are incidental fees additional to the student contribution and/or course fee. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing and equipment. For further information about these additional incidental fees, please visit the University's Future Students' website.
Potential for inaccuracy
Whilst every reasonable effort has been made to include correct and up to date information in this prospectus, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.
The academic requirements that are displayed are applicable to currently available courses only, and are updated annually in October and may be changed without notice. The Faculty Handbook and the University of Sydney Calendar are the official legal source of information relating to study at the University of Sydney, and you are referred to those documents
Please note that if you are classified by the University as a Research Training Scheme student in accordance with the Other Grants Guidelines (Research) 2010, you will be exempt from the payment of any SCA or tuition fees for courses undertaken as part of a Research Masters degree and Research Doctoral degree. More information about your eligibility for this Scheme is available here.
International tuition fees for postgraduate students
This 2015, tuition fee for international postgraduate students represents the fees that are payable by you in the calendar year you commence your course, commencing in 2015, for a standard annual full time load of 48 credit points (1.0 EFTSL). If your study load is more or less than the 1.0 EFTSL your fee will differ.
Importantly, tuition fees are subject to annual review, and are likely to increase each year of your period of study, effective at the start of each calendar year.
Additional incidental fees and health insurance
For some courses there are incidental fees additional to the tuition fees. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing, and equipment. The University's Future Students' webpage has further information about these additional incidental fees for postgraduate coursework students and postgraduate research students.
In addition to the fees indicated here for the course of study, International Students studying on an Australian Student Visa must have appropriate health insurance for the duration of their studies on a Student Visa through an approved provider of the Overseas Student Health Cover (OSHC) scheme. This is a requirement of the Australian Government, unless otherwise exempted by the Government.
Potential for inaccuracy
Whilst every reasonable effort has been made to include correct and up to date information here, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.