Master of Commerce (MCom or M Comm; sometimes '' Magister Commercii'' as MagComm or Mag. comm.) is a

postgraduate Postgraduate or graduate education refers to academic or professional degrees, certificates, diplomas, or other qualifications pursued by post-secondary students who have earned an undergraduate ( bachelor's) degree. The organization and ...

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

focusing on

commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, natio ...

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activitie ...

- and

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...

-related subjects. Like the undergraduate

Bachelor of Commerce A Bachelor of Commerce (abbreviated BComm or BCom; also, ''baccalaureates commercii'') is an undergraduate degree in business, usually awarded in Canada, Australia, India, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanmar, ...

, the degree is mainly offered in

Commonwealth A commonwealth is a traditional English term for a political community founded for the common good. Historically, it has been synonymous with "republic". The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the ...

nations; it is also offered in

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = '' Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , ...

and some states in

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived ...

Structure

The Master of Commerce typically requires one or two years of full-time study. The

curriculum In education, a curriculum (; plural, : curricula or curriculums) is broadly defined as the totality of student experiences that occur in the educational process. The term often refers specifically to a planned sequence of instruction, or to ...

is generally concentrated on one subject area, see aside, and emphasizes underlying

theory A theory is a rational type of abstract thinking about a phenomenon, or the results of such thinking. The process of contemplative and rational thinking is often associated with such processes as observational study or research. Theories may ...

. Relatedly, programs usually include a

thesis A thesis ( : theses), or dissertation (abbreviated diss.), is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings.International Standard ISO 7144 ...

component, and may be exclusively research based. 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 A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

. Some universities offer the MCom in

general management A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of ...

, although this is more similar to the Master of Management than to the MBA; see also

Master of Business A Master of Business (MBus) or Master of Business Studies (MBS) is an academic degree refers to a qualification in the degree of master that can be obtained by students of recognized universities and colleges who complete the relevant approved po ...

. *As compared to specialised degrees - such as the Master of Science in Finance or

Master of Accounting The Master of Accountancy (MAcc, MAcy, or MAccy), alternatively Master of Science in Accounting (MSA or MSAcy) or Master of Professional Accountancy (MPAcy, MPAcc or MPAc), is a graduate professional degree designed to prepare students for public ...

- the MCom places more emphasis on theory; see also

Master of Science in Management Master of Science in Management, abbreviated MSc, MScM, MIM or MSM, is a Master of Science academic degree. In terms of content, it is similar to the MBA degree as it contains general management courses. According to a ''Financial Times'' ranking ...

. Admission to the MCom usually requires completion of a

, or similar compatible degree; often, an

Honours degree Honours degree has various meanings in the context of different degrees and education systems. Most commonly it refers to a variant of the undergraduate bachelor's degree containing a larger volume of material or a higher standard of study, or ...

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 Engineering is the use of scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of engineering encompasses a broad range of more speciali ...

backgrounds - these programs usually require that students complete a bridging course, or undertake an extended program.

Post graduation

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

Programs Program, programme, programmer, or programming may refer to: Business and management * Program management, the process of managing several related projects * Time management * Program, a part of planning Arts and entertainment Audio * Progra ...

are sometimes structured such that graduates are eligible for membership of various

professional bodies A professional is a member of a profession or any person who works in a specified professional activity. The term also describes the standards of education and training that prepare members of the profession with the particular knowledge and skil ...

institutes An institute is an organisational body created for a certain purpose. They are often research organisations ( research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes ca ...

. 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 The Institute of Public Accountants (IPA) is one of the three legally recognised professional bodies for accountants in Australia. The IPA represents more than 40,000 members and students working in industry, commerce, government, academia and ...

formerly offered its IPA program as an ''MCom in Public Accounting'' prior to July, 2017.) The MCom includes a research component and thus provides access to a

doctorate A doctorate (from Latin ''docere'', "to teach"), doctor's degree (from Latin ''doctor'', "teacher"), or doctoral degree is an academic degree awarded by universities and some other educational institutions, derived from the ancient formalism ''l ...

; progressing from the MCom, a student can pursue a

Doctor of Commerce The Doctor of Commerce (DCom) is a doctoral degree in commerce-, accounting-, mathematics-, economics-, and management-related subjects, awarded by universities in the Commonwealth. The degree is offered both as a higher doctorate, and as a resea ...

(DCom),

Doctor of Business Administration The Doctor of Business Administration (DBA) is either a professional doctorate or a research doctorate, depending on the granting university, awarded on the basis of advanced study, examinations, project work, and research in business administrat ...

(DBA), or a

Doctor of Philosophy A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

(Ph.D) degree program.

References

{{Academic degrees Commerce, Master Business qualifications Management education

Structure

Post graduation

See also

References