Master of Commerce

Master of Commerce

POSTGRADUATE

Broaden your business knowledge. Study a Master of Commerce.

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Student type:
Mode of study:
On campus and blended learning
Entry score:

Not applicable

Duration:
Full-time 2 years
Part-time 4 years
Reduced duration available
Fees:

AU$32,640 (2023 annual)
                 

Next intake:
February, July
Location:
Melbourne City
Mode of study:
On campus and blended learning
Entry score:

IELTS 6.5

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

AU$43,200 (2023 annual)

Next intake:
February, July
Location:
Melbourne City

Overview

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.

Studying a Master of Commerce through RMIT offers the following benefits:

Advance your career

This degree is designed to bridge the gap between the classroom and the workplace by equipping graduates with the skills required to excel in high-level managerial and consulting roles anywhere in the world. Take the next step in your career by developing the skills needed to excel in leadership roles within your chosen industry.

Grow your network

Studying at RMIT allows you to network with like-minded professionals and access industry events and opportunities. Students can also access career mentoring as well as start-up funding, skills development and advice if you're thinking of starting your own venture.

Broaden your skillset

The Master of Commerce produces graduates with a broad-range of practical skills that are relevant to a range of industries. Undertaking this degree allows students to expand their knowledge, gain skills that can be applied immediately in the workplace and develop a comprehensive understanding of the global business environment.

Three female students seated at a desk, taking notes

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.

What you will study

This degree is highly flexible in its design, allowing students to choose subjects from across a range of business disciplines. By completing this advanced degree, graduates are equipped with a solid base of skills and the specialised knowledge required to take their careers to the next level.

Students can complete a Master of Commerce through two years of full-time study, or even less if you're a business graduate. Online and flexible learning options are also available.

Choose from subjects in:

  • Project and people management
  • Finance and international business
  • Business intelligence and marketing
  • Macro and microeconomics
  • Supply chain design and management
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.  
Portrait of Robert Pelle, Master of Commerce at RMIT - Robert Pelle, Master of Commerce at RMIT
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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.

Glasses and laptop on a desk

Study entirely online

The Master of Commerce is also available via online delivery. 

Find out more

Details

Design your own course from existing RMIT postgraduate subjects to meet your personal career aspirations.

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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.

Ongoing assessment throughout the semester includes examinations, essays, reports, presentations, group projects, research projects, quizzes and tests, blog journals and practical assignments.

Blended learning options

Courses offered as part of blended learning programs include a meaningful blend of online, on-campus, and workplace based learning tailored to the type of study you undertake. This learning is active, prioritising tasks that involve exploration and development of skills and knowledge through interaction and engagement.

Online aspects provide positive benefits such as flexibility and adaptability using digital activities and materials, while also strengthening the interaction and connection with timetabled and on-campus experiences such as tutorials, practicals, or workshops.

Guiding the development of the College of Business, 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.

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 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 degree, you are advised to check that you have the required number of student electives or credit points available.

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.

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)

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.

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.

View the learning outcomes for each stream:

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.

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: MC205
Title
Location
Duration
Plan code
CRICOS
Master of Commerce
City Campus
2 years full-time or part-time equivalent (or 1.5 years FT or PT equivalent with advanced standing)
MC205EXE15
077517A
Location
City Campus
Duration
2 years full-time or part-time equivalent (or 1.5 years FT or PT equivalent with advanced standing)
Plan code
MC205EXE15
CRICOS
077517A
View plan
Master of Commerce
City Campus
2 years full-time
MC205EXE15
077517A
Location
City Campus
Duration
2 years full-time
Plan code
MC205EXE15
CRICOS
077517A
View plan
Master of Commerce
City Campus
2 years full-time or part-time equivalent
MC205P15
077517A
Location
City Campus
Duration
2 years full-time or part-time equivalent
Plan code
MC205P15
CRICOS
077517A
View plan
Master of Commerce
City Campus
2 years full-time
MC205P15
077517A
Location
City Campus
Duration
2 years full-time
Plan code
MC205P15
CRICOS
077517A
View plan

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.

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

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

2 year duration

  • An Australian bachelor degree (or equivalent) 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

  • The RMIT Graduate Certificate of Commerce^.

^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

You must have successfully completed an Australian Bachelor degree (or equivalent overseas qualification) or higher level qualification in any discipline from a recognised tertiary institution.

1.5 year duration

You must have successfully completed:

An Australian Bachelor degree, (or equivalent overseas qualification) or higher level qualification in a business (or related) discipline from a recognised tertiary institution*.

OR

The RMIT Graduate Certificate of Commerce^.

*Qualification must have been completed within the last 10 years.

^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

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2023 indicative fees

  • Full-fee places: AU$32,640.

Additional expenses

  • Student services and amenities fee (SSAF): AU$326 maximum fee for 2023*.
  • 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 2023 is $326. 

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.

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.

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The annual tuition fee for 2023 is AU$43,200.

The total indicative tuition fee for 2023 commencement is AU$86,400 (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 2023 commencement is AU$65,280.

If you do not meet the entry requirements, you will be offered a place in the full two year program.

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.

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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.

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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.

More information