Master of Commerce

Course summary for local students

Year2016 course information
Award granted

Master of Commerce

Campus

Offered at Burwood (Melbourne),

Cloud (online)

Length2 years full-time or part-time equivalent
Next available intake

March (Trimester 1), July (Trimester 2), November (Trimester 3)

CSP annual fee (indicative) - commencing 2016Not applicable
Full fee paying annual fee - commencing 2016$26,000 - Full-fee paying place
Faculty contacts

Faculty of Business and Law - student advisers
Tel 03 9244 6555
Email buslaw@deakin.edu.au

LevelHigher Degree Coursework (Masters and Doctorates)
CRICOS course code027129E
Deakin course code M755

Course sub-headings

Course overview

This course is designed for graduates of any field of study as a first qualification in business.

Deakin’s Master of Commerce is a discipline-based coursework degree with six core units: Accounting, Finance, Economics for Managers, Business Process Management, Business Communication for Managers, and Business Strategy and Analysis. You’ll also complete units, which will lead to the completion of a specialisation of your choice.

The course is intended to give you a solid introduction to the theoretical principles of finance and the practical requirements of financial management within for-profit corporate organisations.

Learning through classes, conferences, group work and debates among students, graduates will possess highly-developed computer and technology skills for employees in today’s commerce and related industries.

Professional recognition

By choosing appropriate units within the Master of Commerce, you may satisfy the professional recognition requirements of CPA Australia, Chartered Accountants Australia and New Zealand (CAANZ), the Institute of Public Accountants, the Association of Chartered Certified Accountants, the Institute of Certified Management Accountants (ICMA) or associate membership requirements of the Australian Computer Society (ACS).

Fees and charges

Equivalent Full Time Student Load (EFTSL)
EFTSL is the standard annual full time load. Eight credit points is considered a standard full time load for one year. Each unit you study has an EFTSL value. You can add these together to calculate your study load each year. Depending on enrolment, you may be enrolled in more than or less than the one EFTSL each year.

Commonwealth supported place (CSP)
Under the present legislation, a Commonwealth supported place is one for which the University receives some Government funding. Students enrolled in these places are required to contribute part of their course costs. To be eligible for a Commonwealth supported place you must be an Australian citizen, or New Zealand citizen or holder of a permanent visa who will be residing in Australia for the duration of your study.

The current Federal Government has proposed a number of major reforms for the higher education sector (see the Higher Education and Research Reform Amendment Bill 2014), including fee deregulation in respect of domestic student fees. This legislation may be reintroduced to the parliament in the latter half of 2015 and if passed, will impact on the CSP and FFP course fees applicable in 2016.

* Therefore, the indicative annual course fee shown is provided as a guide only. It has been calculated on the basis of a typical enrolment of a student undertaking the course in 2015, and reflects the cost involved in undertaking full-time study within the specified discipline. The 2016 CSP and FFP course fees may change if the Commonwealth Government's proposed fee deregulation and reforms legislation is passed.

The actual fees charged by Deakin University, will depend on the individual unit discipline and may vary from the indicative course fee cited, particularly if units are chosen from a number of disciplines. The cost of each unit offered in 2016 can be viewed from the Unit Search. Should a change in Government policy affect the cost of units offered, the website will be updated as soon as possible.

Full fee paying (FFP)
A full fee paying place is one which the University does not receive any Government funding. Students enrolled in these places contribute the full cost of their course.

Domestic full-fee paying places are available to Australian citizens, New Zealand citizens or holders of a permanent visa.

The actual course fees charged by Deakin University, is based on the course and the study load (EFTSL) being undertaken. The study load (EFSTL) value of each unit offered in 2016 can be viewed from the Unit Search.

Fee information for all domestic students
The fees per course/unit/credit point may be otherwise subject to an annual increase due to rises in the cost of course delivery and service.

This indicative and annual course fees provided are a guide only. No representation is made that the information provided is current or accurate. Deakin assumes no responsibility for persons relying on indicative course fees to calculate the total future cost of their course. Applicants can email enquire@deakin.edu au for more information about 2016 fees.

Fee payment assistance
Australian citizens or holders of a permanent humanitarian visa, enrolling in a CSP or FFP, may be eligible for HECS-HELP or FEE-HELP respectively. For more information about HECS-HELP or FEE-HELP visit the Study Assist website.

Career opportunities

The specialisations in commerce studies lead to careers in virtually every area of business and government in Australia and internationally. Broad career paths include becoming a professional accountant, IT and systems professional, economist, financial planner, human resources manager, social and economic policy developer, international trade officer and marketing assistant/manager. As this is a very broad course there are further possibilities in other professions especially if taken with further study.

Course rules

To complete the Master of Commerce, students must attain a total of 16 credit points, consisting of 8 credit points of core units, at least one specialisation of 4 credit points (which may include a core unit) and 4 credit points of electives.  Most units (think of units as 'subjects') are equal to 1 credit point.

Specialisations

Refer to the details of each specialisation for availability.

 

Course structure

Core Units

MPA701Accounting

MPM701/MPM701ABusiness Process Management ^

MPM731Business Communication for Managers

MPM755Building Success in Commerce

MPT753/MPF753Finance #

MPT781/MPE781Economics for Managers #

 

Plus 2 credit points from:

MAA763Governance and Fraud

MPM732Critical Thinking for Managers

MMH733Ethics for Managers

MIS770Analytical Skills Foundations *

MPK704Sustainable Environmental Marketing

 

which may also include one unit from:

 

MWL702Business Practicum

MWL703Team Internship

MWL704Work Based Learning

 

#MPT code denotes study tour version of the unit

^MPM701A is a Start Anytime unit.

*Please note: Students intending to complete the Business Analytics specialisation, must complete co-core unit, MIS770.

Elective Units

The remaining credit points are selected from any unit listed in the MCom specialisations. Selection of elective units must form at least one Master of Commerce specialisation. Students may choose other postgraduate units with prior written approval of the Course Team Chair.

The below unit is a recommended elective for students undertaking the Accounting specialisation to fulfil CPA requirements.

MLC707Commercial and Corporations Law

 

 


Course Learning outcomes

Graduate Learning Outcomes

Course Learning Outcomes

Discipline Specific knowledge and capabilities

Synthesise a broad base of critical commerce knowledge with specialised discipline knowledge and apply this in contemporary business contexts, drawing from this to explore advanced concepts through conducting independent research on a chosen commerce-related issue.

Communication

Demonstrate business communication techniques to convey complex commerce concepts and proposals to both specialists and non-specialists.

Digital Literacy

Apply appropriate digital technologies to find, use, manage and disseminate complex commerce knowledge and ideas.

Critical thinking

Critically analyse a range of complex business related information to make informed business decisions in regard to investment, ethical, economical, and business management issues, and to provide informed recommendations and courses of action.

Problem Solving

Conceptualise, construct and recommend solutions to real world and ill-defined problems faced by decision-makers in a business environment.

Self-management

Demonstrate initiative and independence in learning and research in both a broad and a specialised field of commerce.

Teamwork

Work and learn with others from different disciplines and backgrounds.

Global Citizenship

Interpret and reflect on the impact of ethics, culture and internationalization on contemporary business issues.

Approved by Faculty Board October 2014

.

Entry requirements - general

Deakin University offers admission to postgraduate courses through a number of Admission categories.
In all categories of admission, selection is based primarily on academic merit as indicated by an applicant's previous academic record.
For more information on the Admission Criteria and Selection Policy visit The Guide.

Entry requirements - specific

Minimum entry requirements:

- Bachelor degree in any discipline

or

- Masters degree

or

- Graduate certificate in related discipline and 5 years relevant work experience

Applicants  may be eligible for Credit for Prior Learning for appropriate units of completed postgraduate study.

Credit for prior learning - general

The University aims to provide students with as much credit as possible for approved prior study or informal learning which exceeds the normal entrance requirements for the course and is within the constraints of the course regulations. Students are required to complete a minimum of one-third of the course at Deakin University, or four credit points, whichever is the greater. In the case of certificates, including graduate certificates, a minimum of two credit points within the course must be completed at Deakin.

You can also refer to the Credit for Prior Learning System which outlines the credit that may be granted towards a Deakin University degree.

Credit for prior learning - specific

Commerce graduates would normally be precluded from one or more of the core units and required to undertake substitute units from the full range of MCom units. These students are expected to specialise in an area other than their undergraduate major(s).

How to apply

Some courses are available in Trimester 2 and 3 2016. Check our Midyear entry and Trimester 3 pages to see if direct applications are open for this course.

Applications for Trimester 2 and Trimester 3 must be made directly to the University through the Applicant Portal. For information on the application process and closing dates, see the Apply web page. Please note that closing dates may vary for individual courses.


Income support

Domestic students enrolled in certain postgraduate coursework programs may be eligible for student income support through Youth Allowance and Austudy.

Further information can be found at Deakin University's Fees website.