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Master of Commerce

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A Master of Commerce ( MCom or M Com ) is a postgraduate degree designed to provide knowledge in business, finance, and commerce.

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17-576: Like the undergraduate Bachelor of Commerce , the degree is mainly offered in Commonwealth nations. The degree is also offered in Spain and in several Latin American states. The Master of Commerce typically requires one or two years of full-time study. The curriculum is generally concentrated on one subject area, see aside, and emphasizes underlying theory . Relatedly, programs usually include

34-489: A Doctor of Philosophy (Ph.D.) degree program. Bachelor of Commerce A Bachelor of Commerce ( BCom or B Com ) is an undergraduate degree in business, management, economics or accounting, awarded in Canada , Australia , India , Bangladesh , Sri Lanka , Pakistan , Ireland , New Zealand , Ghana , South Africa , Myanmar , Egypt , and additional Commonwealth countries. The Bachelor of Commerce degree

51-475: A thesis component, and may be exclusively research based. Given this structure, the MCom differs from other business and management degrees: Admission to the MCom usually requires completion of a Bachelor of Commerce , or similar compatible degree; 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

68-614: A prerequisite. Some MCom programs admit students from science or engineering backgrounds - these programs usually require that students complete a bridging course, or undertake an extended program. 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 are sometimes structured such that graduates are eligible for membership of various professional bodies or institutes . In some cases,

85-721: Is a quantitative variant of the BBA. General educational requirements are even more mathematics-oriented; furthermore, the general focus within business may also be more analytic, often allowing additional quantitative optional coursework. Particularly in the United States , undergraduate business administration programs are almost always accredited , which represents that the college or university's BBA program meets curriculum quality standards. Most business schools operate as schools of business within universities and colleges. In its 2024 rankings, U.S. News & World Report ranked

102-518: Is designed to give a broad knowledge of the functional aspects of a company and their interconnection, while also allowing specialization in a particular business -related academic discipline. BBA programs expose students to a range of core subjects and generally allow students to specialize in a specific business-related academic discipline or disciplines. The BBA degree also develops a student's practical, managerial, and communication skills, and business decision-making capabilities that prepare them for

119-626: Is designed to provide students with a wide range of managerial skills, while building competence in a particular area of business; see aside listing. For a comparison with other business degrees, see Business education ยง Undergraduate education . Most universities, therefore, plan the degree such that in addition to their major , students are exposed to general business principles, taking courses in accounting, finance, economics, business management, human resources and marketing. Programs often require foundational courses in business statistics and mathematics , and information systems. Depending on

136-469: Is generally a 2-year duration degree, whereas BS Commerce, formerly known as BCom (Hons) in the country, is a 4-year duration degree. The Bachelor of Commerce degree was first offered at the University of Birmingham . The University's School of Commerce was founded by William Ashley , an Englishman from Oxford University , who was the first professor of Political Economy and Constitutional History in

153-706: The India , Republic of Ireland , the majority of Canada , Egypt , Ghana , the Philippines , the Netherlands , Sri Lanka and Nepal . In South Africa , New Zealand , Australia , Pakistan and some universities in India , the BCom (Hons) degree is considered an additional postgraduate qualification, whereas in Malta , an additional year of study is not considered a postgraduate qualification. In Pakistan , BCom

170-559: The Master of Business Administration (MBA) degrees. It may consist of a four-year program or of a one-year program taken subsequent to a three-year Bachelor's degree ; the one-year program is typically focused exclusively on a single subject-area. The curriculum generally lasts three years in Australia , New Zealand , Malta , South Africa , some parts of Canada , and Hong Kong . The curriculum requires four years of study in

187-722: The Faculty of Arts at the University of Toronto . Ashley left Toronto in 1892, spent a few years at Harvard University , and then went back to England to the new University of Birmingham where he founded the School of Commerce. Ashley began the programme which was the forerunner of many other BCom degree programmes throughout the British Empire . Eighteenth-century economists had divided the English economy into three sectors: agriculture, manufacturing, and commerce. Commerce included

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204-426: The fundamentals of business administration , usually including advanced courses in business analytics , business communication , corporate finance , financial accounting , macroeconomics , management , management accounting , marketing , microeconomics , strategic management , supply chain management , and other key academic subjects associated with the academic discipline of business management. The degree

221-455: The institution, a formal academic major may or may not be established. Regardless, a Bachelor of Commerce degree requires students to take the majority of their courses in business-related subjects, including the aside, among others. The Honours Bachelor of Commerce (HonsBCom or BComm (Hons) or HBCom) is further advanced. The degree has a specialization aspect, analogous to the BBA , developing

238-584: The institutional qualification program itself may, in fact, be offered as an MCom degree (e.g. the Australian Institute of Public Accountants 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 ; progressing from the MCom, a student can pursue a Doctor of Commerce (DCom), Doctor of Business Administration (DBA), or

255-720: The management of a business entity. Many programs incorporate training and practical experience in the form of case projects , presentations, internships , industrial visits, and interaction with established industry experts. General educational requirements emphasize humanities and social sciences , including history , economics , and literature . Core mathematics curriculum are usually required and business-related, including quantitative mathematics accounting , statistics , and related courses. Calculus and business statistics are usually required. The Bachelor of Science in Business Administration ( BSBA ),

272-426: The student's business skills and/or providing in-depth knowledge of the field. It requires additional academic courses to be completed, and usually with higher academic performance standards, and may also require a researched thesis component. It often serves as an abridgement (or entry requirement) between the undergraduate program and postgraduate programs, including the Master of Commerce (M.Com. or M.Comm.) and

289-557: The transport, marketing and financing of goods. The Birmingham programme in commerce included economic geography, economic history, general economics, modern languages, and accountancy. Bachelor of Business Administration The Bachelor of Business Administration ( BBA ), Bachelor of Science in Business Administration, or Bachelor of Arts in Business Administration is a bachelor's degree in business administration awarded by colleges and universities after completion of four years and typically 120 credits of undergraduate study in

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