Master of Commerce
Student type:
Quick facts
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Entry score
Not applicable
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Duration
Full-time 1.5 years or Part-time equivalent, Part-time 2 years -
Location
Melbourne City -
Fees
Next intake
February, July Entry score
IELTS 6.5
Duration
Full-time 2 years or 1.5 years accelerated Location
Melbourne City
Overview
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 masters program is designed with evolving, global workplaces in mind.
Future-proof 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.
I have learned how to think more strategically when encountering complex tasks and to actively consider the big picture. Through participation with peers from different cultures and ages I have developed a high level of confidence and communication skills that are crucial in my role as a Procurement Line Manager when dealing with diverse stakeholders.
- Robert Pelle, Master of Commerce.
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.
Students undertaking a Master of Commerce at RMIT can participate in exchange programs and global intensives, designed to combine overseas travel and cultural experience with coursework.
Study entirely online
The Master of Commerce is also available via online delivery.
Details
Design your own course from existing RMIT postgraduate subjectsto meet your personal career aspirations.
The Master of Commerce caters to students from many different backgrounds and is highly student-centred and flexible in its design, allowing you to choose from specialisation sequences from a range of business disciplines.
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. Students might be required to undertake solo or group work, and independent study and project work outside of teaching periods.
RMIT offers a variety of learning and teaching approaches including lectures, seminars, studios, workshops, presentations, group discussions and syndicate work. In addition, you will have access to online and digital resources such as lecture notes, assessment tools, discussion boards and podcasts through myRMIT.
College of Business educational software, the Learning Hub, other online and digital resources and printers are accessible on campus via the RMIT wireless network using your own laptop, tablet or smart phone or via computer facilities on-campus. You will be able to access the same software from home using myDesktop.
Ongoing assessment throughout the semester includes examinations, essays, reports, presentations, group projects, research projects, quizzes and tests, blog journals and practical assignments.
Through myRMIT on-campus and online students can view online resources and learning activities created by lecturers, access course materials via Blackboard, collaborate with lecturers and fellow students, and access their student email account.
Study tours are a unique feature of the on-campus program. 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 vacations 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 program, you are advised to check that you have the required number of student electives or credit points available.
Other global mobility options available for the on-campus program include:
- Student exchange
- Global Study Tours to USA, China, Canada and Vietnam
- Global Entrepreneurship and Internship Program (GEIP).
Master of Commerce students may seek entry with advanced standing into the Master of Science in Management offered by Universitat Pompeu Fabra in Barcelona. For further information email bus.offshore@rmit.edu.au.
- 1.5 years full-time or part-time equivalent (with advanced standing)
- 2 years full-time or part-time equivalent (without advanced standing)
For further information about advanced standing see Credits and Masters exemptions.
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.
- 1.5 years full-time (with advanced standing)
- 2 years full-time (without advanced standing)
For further information about advanced standing see Credits and Masters exemptions.
International student visa holders can only study full-time.
This degree comprises core and elective subjects.
In addition to a compulsory business specialisation, you will choose an additional specialisation from a range of business disciplines, or up to seven electives, to suit your professionalor personal goals.
Specialisations
A specialisation comprises four subjects and may be selected from the following areas of business:
- accounting
- applied economics
- business analytics
- business information technology
- business law
- finance
- human resource management
- information management
- international business
- marketing
- project management
- strategic procurement
- supply chain and logistics management.
Choose a program structure
Choose a program structure
Program code: MC205
Career
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:
- project manager
- marketing specialist
- business analyst
- social technology strategist
- events coordinator
- logistics manager
- business administrator
- and positions in banking, insurance and stockbroking.
Admissions
- An Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline from a recognised tertiary institution; or
- An Australian bachelor degree or equivalent in any discipline from a recognised tertiary institution and a minimum of three years full-time equivalent management experience*; or
- The RMIT Graduate Certificate of Commerce.
* Applicants will be required to submit a curriculum vitae (CV).
2 year duration
You must have successfully completed an Australian Bachelor degree (or equivalent overseas qualification) or higher level qualification in any discipline.
1.5 year duration
You must have successfully completed:
An Australian Bachelor degree, Graduate Certificate, Graduate Diploma or Masters degree (or equivalent overseas qualification) in business (or a related discipline).
OR
An Australian Bachelor degree (or equivalent overseas qualification) in any discipline and a minimum of three years full-time equivalent management experience*.
OR
The RMIT Graduate Certificate of Commerce.
* Applicants will be required to submit a curriculum vitae (CV).
Entry requirements
To study this program 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
Advanced standing
If you have completed an Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline from a recognised tertiary institution, you will receive exemptions from the four business enabling courses.
Masters exemptions
If you have successfully completed one of the following qualifications you will be eligible for exemptions as detailed in the table below.
The masters exemptions listed indicate the maximum exemptions offered, including advanced standing and courses where content matches previous study.
| Qualification level | Masters exemptions offered | Remaining program duration* |
|---|---|---|
| Bachelor degree (AQF level 7) - any discipline and a minimum of three years full-time equivalent management experience | 48 credit points (equivalent to one semester [6 months] of full-time study) | 144 credit points (equivalent to three semesters [1.5 years] of full-time study) |
| Bachelor degree (AQF level 7) - business-related discipline | 48 credit points (equivalent to one semester [6 months] of full-time study) | 144 credit points (equivalent to three semesters [1.5 years] of full-time study) |
| Bachelor degree (Honours) (AQF level 8) - business-related discipline | 48 credit points (equivalent to one semester [6 months] of full-time study) | 144 credit points (equivalent to three semesters [1.5 years] of full-time study) |
| Graduate Certificate (AQF level 8) - in the same discipline | Up to 96 credit points (equivalent to two semesters [1 year] of full-time study) | 96 credit points (equivalent to two semesters [1 year] of full-time study) |
| Graduate Diploma (AQF level 8) - in the same discipline | Up to 120 credit points (equivalent to two-and-a-half semesters [1.5 years] of full-time study) | Up to 96 credit points (equivalent to two semesters [1 year] of full-time study) |
| Master degree (AQF level 9) - business-related discipline | Up to 120 credit points (equivalent to two-and-a-half semesters [1.5 years] of full-time study) | Up to 96 credit points (equivalent to two semesters [1 year] of full time study) |
* Duration indicated is the normal study duration; for some programs spring and summer semesters may be offered, reducing the study time.
If you have a major in a non-business discipline and do meet meet the management experience requirement, you will begin your studies at graduate certificate level. The graduate certificate provides an entry pathway that considers non-managerial work experience and tertiary studies other than in a business-related discipline.
Upon successful completion of the Graduate Certificate of Commerce you will be admitted to the Master program, which requires the successful completion of further courses.
Credit
You may also be eligible for further credit. Learn more about eligibility for credit transfer and recognition of prior learning.
Exemptions from this program will be assessed consistent with the principles of the RMIT Credit Policy.
Masters exemptions
You may be eligible for advanced standing up to a maximum of 2 semesters (equivalent to 96 credits points). Eligibility for advanced standing is based on your previous studies and is assessed on a case by case basis.
Learn more about eligibility for credit transfer and recognition of prior learning.
Fees
2020 indicative annual fees
- Full-fee places: AU$31,680*.
Additional expenses
- Student services and amenities fee (SSAF): AU$308* maximum fee for 2020.
- 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.
Learn more about fees for postgraduate study.
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.
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 2020 is $308.
You may be eligible to apply to defer payment of the SSAF through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.
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.
The annual tuition fee for 2020 is AU$38,400.
The total indicative tuition fee for 2020 commencement is AU$78,720 (full 2 year program plan MC205P15).
For students who meet the entry requirements for the 1.5 years program (program plan MC205EXE15), the total indicative tuition fee for 2020 commencement is AU$58,560.
If you do not meet the entry requirements, you will be offered a place in the full two year program.
View tuition fees for future years.
In addition to tuition fees you also need to pay for:
- Student services and amenities fee (SSAF) in each calendar year.
- Overseas Student Health Cover (OSHC) - Student visa holders must have cover for the total duration of their visa.
- Some programs incur additional expenses.
You also need to account for your living expenses. Estimate the cost of living in Melbourne.