Master of Commerce
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Master of Commerce (MCom or MComm; sometimes Magister Commercii) is a postgraduate Masters Degree focusing on commerce-, management- and economics-related subjects. Like the undergraduate Bachelor of Commerce, the degree is offered in Commonwealth nations.
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[edit] Structure
The Master of Commerce (MCom) typically requires one year of full-time study. The curriculum is usually concentrated on one subject area — such as accounting, economics, statistics, finance or marketing — and emphasises underlying theory. Relatedly, programs usually include a thesis component, or may even 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; Some universities offer the MCom in general management, although this is more similar to the Master of Management than to the MBA. [1]
- 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, [2] 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.
Admission to most MCom programs 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.
[edit] 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 [3].
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 a Doctor of Philosophy (Ph.D) degree program.
[edit] See also
- Bachelor of Commerce
- Master of Management
- Master of Science in Management
- Business school
- Business schools listed by country
[edit] References
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