The Master of Commerce (MCom, M Com or MComm) - sometimes Magister Commercii (MagComm or Mag. comm.) - is a postgraduate master's degree focusing on commerce-, accounting-, business administration-, management- and economics-related subjects. Like the undergraduate Bachelor of Commerce, the degree is mainly offered in Commonwealth nations. [1] The degree is also offered in Spain [2] and in several Latin American states. [3] Some universities in the United States [4] offer Masters "in Commerce" although these are closer related to the Master of Management / Master of Science in Management; variants here are the Master of Science in Commerce (MS-Comm, MS-Com, MS-MComm, or MS-MCom).
Management of a business
The Master of Commerce typically requires one or two years of full-time study. The curriculum is generally concentrated on one subject area, see aside, and emphasizes underlying theory. Relatedly, programs usually include a thesis component,[5] and may be exclusively research based.[6][7][8]
Given this structure, the MCom differs from other business and management degrees:
Admission to the MCom usually requires completion of a Bachelor of Commerce, or similar compatible degree; often, an Honours degree will be required. Depending on the degree focus, a related undergraduate major and / or a fairly strong quantitative background may also be a prerequisite. Some MCom programs admit students from science or engineering backgrounds - these programs usually require that students complete a bridging course,[11] or undertake an extended program.[12]
Based on specialisation, MCom graduates are typically employed in fields related to their degree foci, such as international commerce, financial services, marketing and project management; graduates also often work in general management and business consulting[12]
Programs are sometimes structured such that graduates are eligible for membership of various professional bodiesorinstitutes. [12] [13] [14] [15] In some cases, the institutional qualification program itself may, in fact, be offered as an MCom degree (e.g. the Australian Institute of Public Accountants formerly offered its IPA program as an MCom in Public Accounting[16] prior to July, 2017.)
The MCom includes a research component and thus provides access to a doctorate; progressing from the MCom, a student can pursue a Doctor of Commerce (DCom), Doctor of Business Administration (DBA), or a Doctor of Philosophy (Ph.D.) degree program.
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ISCED level 6
ISCED level 8
Other
No dominant
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Unearned
