Master of Commerce is a postgraduate
Masters Degree focusing on commerce-, accounting-, management- and
economics-related subjects. Like the undergraduate Bachelor of Commerce, the
degree is offered in Commonwealths nations.
Structure The Master of Commerce typically
requires two years of full-time study. The curriculum is usually concentrated
on one subject area — such as accounting, actuarial science, business
management, corporate governance, human resource management, economics,
statistics, finance, marketing or supply chain management — and emphasizes
underlying theory. Relatedly, programs usually include a thesis component,[1]
and may be exclusively research based.[2][3][4]
Given this structure, the MCom differs from other business and management
degrees: Its concentration on one area distinguishes it from generalist
degrees, such as the MBA. Some universities offer the MCom in general
management, [5] although this is more similar to the Master of Management than
to the MBA; [6] see also Master of Business. As compared to specialised
Professional degrees – such as the Master of Science in Finance or Master
of Accounting – the MCom places more emphasis on theory, [7] although
sometimes less on practice; generally, though, there is a close correspondence
between these degrees and the related MCom; see also Master of Science in
Management. Programs are sometimes structured such
that graduates are eligible for membership of various professional
bodies or institutes.[8][9][10] In some cases, the institutional qualification
program itself, may, in fact, be offered as an MCom degree
Admission to the MCom is usually on the basis of an existing Bachelor’s, or
similar compatible degree, generally the Bachelor of Commerce; 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 non-business
backgrounds such as liberal arts, engineering, or the sciences – these
programs usually require that students complete a bridging course, [12] or
undertake an extended program.[13] Post graduation
Based on specialisation, MCom graduates are typically employed in fields related
to their degree foci, such as financial services, marketing and project
management; graduates also often work in general management and business
consulting [14]. 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, Doctor of Business Administration, or a Doctor of
Philosophy degree program. See also
Bachelor of Commerce Doctor of Commerce
Master of Management Master of Science in Management
Master of Business Business school
Business education#Postgraduate education
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