Master of Commerce

Master of Commerce

POSTGRADUATE

Broaden your business knowledge. Study a Master of Commerce.

Student type:
Learning mode:
On campus
Entry score:

Not applicable

Duration:
Full-time 2 years
or part-time equivalent
Reduced duration available
Fees:

AU$32,640 (2024 annual)

Next intake:
February, July
Location:
Melbourne City
Learning mode:
On campus
Entry score:

See admissions

Duration:
Full-time 2 years or 1.5 years accelerated
Fees:

AU$45,120 (2024 annual)

Next intake:
February, July
Location:
Melbourne City

Overview

The Master of Commerce caters to students from many different backgrounds. Highly student-centred and flexible in design, it allows you to choose from majors and minors in a range of business disciplines.

Three female students seated at a desk, taking notes

Futureproof your career

Enhance your long-term career prospects by developing a range of advanced business skills, relevant to the needs of industry both now and into the future.

What you will study

The Master of Commerce is highly flexible in its design, allowing you to choose subjects from across a range of business disciplines that align with your career goals.

As a graduate of this degree, you will be equipped with the specialist knowledge and skills required to take your career to the next level.

Choose from subjects in:

  • blockchain in business
  • business analytics 
  • international business
  • business and technology
  • business finance 
  • accounting for commerce 
  • financial planning 
  • managing people in organisations
  • marketing
  • contemporary supply chain logistics.
Two female students standing while facing each other smiling in discussion

Learn here, succeed anywhere

At RMIT, we understand the importance of providing students with real-world experiences and the skills to succeed in a rapidly evolving job market. When you undertake a Master of Commerce at RMIT, you can participate in exchange programs and global intensives, designed to combine overseas travel and cultural experience with coursework.

Why study the Master of Commerce at RMIT?

Advance your career

Gain the skills required to excel in high-level managerial and consulting roles anywhere in the world.

Grow your network

Network with like-minded professionals, accessing industry events and opportunities to expand your connections.

Broaden your skill set

This degree produces graduates with a broad range of practical skills that are relevant to a range of industries.

 

I have been very interested in business since I was young. Choosing to study the Master of Commerce has cultivated my business acumen and enabled me to successfully enter a Fortune 500 bank as my first job. I am currently working in a listed fintech company as a senior product manager in China.
Changting Yang, Master of Commerce at RMIT - Changting Yang, Master of Commerce at RMIT

Industry partners

This degree is closely integrated with industry and real-world problem solving as an integral part of the learning experience. We have partnered with key organisations in industry to help build what you will learn in your classes.

DiDi

Details

Learning and teaching

RMIT offers a variety of learning and teaching approaches including seminars, workshops, presentations, group discussions, simulations, placement and practical project work. In addition, you will have access to online and digital resources.

Classes may be held during the evenings, or as full day or weekend sessions at the Melbourne City campus. The exact format varies from subject to subject. You may also be required to undertake solo or group work, and independent study and project work outside of teaching periods.

Assessment methods

Ongoing assessment throughout the semester includes reports, presentations, group projects, research projects, practical assignments and e-portfolium.

Learning at RMIT

The types of classes you have will depend on the course you’re studying. Classes are offered in various formats designed to provide meaningful engagement with staff, industry and peers and provide for access and use of spaces where learning can be applied and active, including an array of specialised equipment.

Most RMIT courses do not include passive large-scale classes such as lectures, instead the content traditionally provided in lectures is made available online. This may be in the form of readings, videos or other on-demand learning materials. This content will also support the basis of interactive learning that takes place in on-campus classes.

Guiding the development of the College of Business and Law, both nationally and internationally, is an Industry Advisory Board of high-profile executives.

The Board creates a strategic bridge between the latest in technology and design thinking and business.

The Master of Commerce has forged strategic partnerships with global banded companies for co-created curriculum. In addition, students will be given the opportunity to take optional internship courses as part of their University Postgraduate Electives.

Study tours are a unique feature of this on-campus degree.

You can combine an overseas travel and cultural experience with coursework completed in intensive mode and have this credited towards your degree. They depart during the Australian summer or winter breaks and are usually undertaken in the final semester of the master degree.

If you are planning to include a study tour as part of your degree, you are advised to check that you have the required number of student electives or credit points available.

Global work, exchange and study experiences

RMIT offers a range of opportunities for our students to study abroad through global work, exchange and study experiences with over 165 partner universities worldwide.

  • 1.5 years full-time or part-time equivalent (with advanced standing)
  • 2 years full-time or part-time equivalent (without advanced standing)

Depending on your previous studies and experience you could also be eligible for credit towards your program. Credit granted may reduce the amount of study you need to complete.

For more information please see RMIT’s credit transfer and recognition of prior learning policy.

The knowledge and skills you will acquire throughout this degree and how they can be applied in your career are described in the learning outcomes.

This degree comprises core and elective subjects. 

The degree includes four core foundation subjects and one capstone. You will choose from a wide range of majors and minors and up to three electives, to suit your professional or personal goals.

Course structure

Choose a plan below to find out more about the subjects you will study and the course structure.

Master of Commerce
Program code: MC288

Title
Location
Duration
Plan code
CRICOS
Master of Commerce
City Campus
2 years full-time or part-time equivalent
MC288
113702H
Location
City Campus
Duration
2 years full-time or part-time equivalent
Plan code
MC288
CRICOS
113702H
Master of Commerce
City Campus
2 years full-time
MC288
113702H
Location
City Campus
Duration
2 years full-time
Plan code
MC288
CRICOS
113702H

Note: International student visa holders can only study full-time.

Career

Close up shot of calculator, pen, and printed pages containing tables of data and graphs

Your career after a Master of Commerce

Whether you’re looking for a career change or want to gain a deeper understanding of core business functions, this degree is designed with evolving, global workplaces in mind.

Whether you’re looking for a career change or want to gain a deeper understanding of core business functions, this degree is designed with evolving, global workplaces in mind.

Graduates may work in a variety of fields like management, finance, marketing, logistics and supply chain, business IT, hospitality, education and health sectors, depending on the specialist sequences or electives you select.

Roles may include:

  • business analyst
  • brand manager
  • market research analyst
  • sales executive
  • management consultant
  • training and development manager
  • entrepreneur
  • logistics manager
  • operations analyst
  • marketing manager
  • international trade specialist
  • global market researcher
  • business development manager.

Admissions

You need to satisfy all of the following entry requirements to be considered for entry into this degree.

1.5 year duration (with advanced standing)

  • An Australian bachelor degree (or equivalent), or higher level qualification, in a business or related discipline from a recognised tertiary*  
     
    OR

  • An Australian bachelor degree (or equivalent), or higher-level qualification, from a recognised tertiary institution in any discipline plus a minimum of two years relevant work experience. 
     
    OR

We offer Recognition of Prior Learning, or the recognition of previous study or learning. This means you can apply for credit and reduce the number of courses you need to complete. Your application will be decided on a case-by-case basis.

If you do not meet the entry requirements for the 1.5-year duration masters, you may be considered for the 2-year duration masters.

2 year duration (without advanced standing)

  • An Australian bachelor degree (or equivalent) in any discipline from a recognised tertiary institution. 

^Upon successful completion of the Graduate Certificate you will have the opportunity to progress to the Master degree. 

*If your qualification was completed more than 10 years ago you will need to provide evidence of ongoing professional work and/or professional development in the same discipline as the program for which you are seeking entry to be granted advanced standing.

There are no prerequisite subjects required for entry into this qualification.

A selection task is not required for entry into this qualification.

You must meet the University's minimum English language requirements to be eligible for a place in this program.

You need to satisfy all of the following requirements to be considered for entry into this degree.

2 year duration 

  • An Australian bachelor degree (or equivalent), or higher-level qualification,  in any discipline from a recognised tertiary institution.

1.5 year duration 

  • An Australian bachelor degree (or equivalent), or higher-level qualification, in a business or related discipline from a recognised tertiary*  
     
    OR
  • An Australian bachelor degree (or equivalent), or higher-level qualification, from a recognised tertiary institution in any discipline plus a minimum of two years relevant work
     
    OR
  • The RMIT Graduate Certificate of Commerce^.

*If your qualification was completed more than 10 years ago you will need to provide evidence of ongoing professional work and/or professional development in the same discipline as the program for which you are seeking entry to be granted advanced standing.

^Upon successful completion of the Graduate Certificate you will have the opportunity to progress to the Master degree. 

There are no prerequisite subjects required for entry into this qualification.

A selection task is not required for entry into this qualification.

To study this course you will need to complete one of the following English proficiency tests:

  • IELTS (Academic): minimum overall band of 6.5 (with no individual band below 6.0)
  • TOEFL (Internet Based Test - IBT): minimum overall score of 79 (with minimum of 13 in Reading, 12 in Listening, 18 in Speaking and 21 in Writing)
  • Pearson Test of English (Academic) (PTE (A)): minimum score of 58 (with no communication band less than 50)
  • Cambridge English: Advanced (CAE): minimum of 176 with no less than 169 in any component.

For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.

Don't meet the English language test scores? Complete an English for Academic Purposes (EAP) Advanced Plus Certificate at RMIT English Worldwide.

Pathways

The Graduate Certificate of Commerce is a pathway to the Master of Commerce. 
  
Upon successful completion of the Graduate Certificate of Commerce you can continue your studies in the Master of Commerce and receive 48 credit points worth of credit (equivalent to one semester of full-time study) for courses completed in the Graduate Certificate of Commerce.

Masters advanced standing

Qualification level Masters exemptions offered Remaining program duration*
Bachelor degree (AQF level 7)   48 credit points (equivalent to one semester of full-time study) 144 credit points (equivalent to three semesters of full-time study)
Bachelor degree (Honours) (AQF level 8)   Up to 96 credit points (equivalent to two semester of full-time study) 96 credit points (equivalent to two semesters of full-time study)
Graduate Certificate (AQF level 8)   48 credit points (equivalent to one semesters of full-time study) 144 credit points (equivalent to three semesters of full-time study)
Graduate Diploma (AQF level 8)   Up to 96 credit points (equivalent to two semesters of full-time study) 96 credit points (equivalent to two semesters of full-time study)
Master degree (AQF level 9)   Up to 96 credit points (equivalent to two semesters of full-time study) 96 credit points (equivalent to two semesters of full time study)

The Australian Qualifications Framework (AQF) is the national policy for Australian qualifications in vocational and higher education.

*If your qualification was completed more than 10 years ago you will need to provide evidence of ongoing professional work and/or professional development in the same discipline as the program for which you are seeking entry to be granted advanced standing.

Credit and recognition of prior learning

Applicants with a bachelor degree (honours), graduate certificate, graduate diploma or masters qualification majoring in a different discipline may also be eligible for credit transfer of up to 48 credit points (equivalent to one semester full time study).

Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.

Upon successful completion of this masters degree, you may be eligible to undertake further studies in related programs at RMIT University, including postgraduate research programs, subject to the program's entrance requirements.

When you successfully complete the Graduate Certificate of Commerce you are guaranteed entry into the Master of Commerce with one semester of advanced standing (equivalent to 48 credit points).

Alternatively, you can gain entry into this degree from a range of RMIT undergraduate programs.

Coming from a partner institution?

RMIT has pathway arrangements with many partner institutions around the world.

If your institution has a pathway arrangement with RMIT you may be able to receive credit and reduce the time it will take to complete your preferred RMIT program.

Find out if your institution has a pathway arrangement with RMIT

If you have qualifications from an institution that is not an RMIT partner, credit into your RMIT program will be assessed on a case-by-case basis.

Master Advanced Standing

If you have successfully completed one of the following qualifications within the last 10 years with a major in a business or related discipline, you may be eligible for advanced standing as follows:

Qualification level Advanced standing Remaining program duration
Bachelor degree (AQF level 7) 48 credit points (equivalent to one semester full time study) 144 credit points (equivalent to three semesters full time study)
Bachelor honours degree (AQF level 8) 96 credit points (equivalent to two semesters full time study) 96 credit points (equivalent to two semesters full time study)
Graduate certificate (AQF level 8) 48 credit points (equivalent to one semester full time study) 144 credit points (equivalent to three semesters full time study)
Graduate diploma (AQF level 8) 96 credit points (equivalent to two semesters full time study) 96 credit points (equivalent to two semesters full time study)

The Australian Qualifications Framework (AQF) is the national policy for Australian qualifications in vocational and higher education.

When you are submitting an application, please indicate that you want to be considered for credit.

Credits

Applicants with a bachelor honours degree, graduate certificate, graduate diploma or masters degree qualification majoring in a different discipline may also be eligible for credit transfer of up to 48 credit points (equivalent to one semester full time study).

When you are submitting an application, please indicate that you want to be considered for credit and provide detailed course syllabus (also known as course outline), outlining volume of learning, course content and weekly topics, learning objectives/outcomes, assessment types and weightings, and reference to the learning resources.

Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.

Upon successful completion of this degree, you may be eligible for entry into an RMIT Masters by Research or Doctoral (PhD) program.

Fees

2024 indicative fees

  • Full-fee places: AU$32,640 (2024 annual fee)*.

Additional expenses

  • Student services and amenities fee (SSAF): AU$351 maximum fee for 2024*.
  • Other items related to your program, including field trips, textbooks and equipment.

Annual fee adjustment*

Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.

*Fees are adjusted on an annual basis and these fees should only be used as a guide.

Defer your payment

This program is offered on a full-fee paying basis only. If you are offered a place, you will need to pay the full tuition costs of your program. However, eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.

Paying your fees and applying for refunds

For information on how to pay your fees or how to apply for a refund, please see Paying your fees and applying for refunds.

In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student.

The SSAF is calculated based on your enrolment load and the maximum fee for 2024 is $351.  

For more information about calculating your actual SSAF see Paying SSAF.

You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.

FEE-HELP loans

Eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.

SA-HELP Loans

You may be eligible to apply to defer payment of the Student services and amenities fee (SSAF) through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.

How does a HELP loan work?

If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.

You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (this also applies if you are still studying). The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.

For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.

This program is approved for income support.

You may be eligible for student income support payments from the Commonwealth Government if you are undertaking a graduate certificate, graduate diploma or an approved professionally oriented masters by coursework program. For more information see Income support for Masters students.

If you are enrolled in an eligible program you will also need to satisfy all other student payment eligibility requirements. You can contact Centrelink or Services Australia for further information about student income support entitlements, your eligibility and how to apply.

You may be eligible to apply for income tax deductions for education expenses linked to your employment.

See the Australian Taxation Office (ATO) for more information.

RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.

The annual tuition fee for 2024 is AU$45,120.

The total indicative tuition fee for 2024 commencement is AU$90,240.

In addition to tuition fees you also need to pay for:

You also need to account for your living expenses. Estimate the cost of living in Melbourne.

Find out more details about how fees are calculated and the expected annual increase.

Applying for refunds

Find information on how to apply for a refund as a continuing international student.

RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.

Frequently Asked Questions (FAQs)

Looking for answers or more general information?

Use our Frequently Asked Questions to learn about the application process and its equity access schemes, find out how to accept or defer your offer or request a leave of absence, discover information about your fees, refunds and scholarships, and explore the various student support and advocacy services, as well as how to find out more about your preferred program, and more.

aboriginal flag
torres strait flag

Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Luwaytini' by Mark Cleaver, Palawa.

aboriginal flag
torres strait flag

Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.