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Jason’s Master of Commerce (Risk Management) enabled him to change careers

Master of Commerce (Extension)

Build your expertise in business with the UNSW Master of Commerce (Extension). Choose two specialisations from 17 majors including Accounting, Finance and Fintech.

  • Overview
  • Structure
  • Entry requirements
  • How to apply
  • Career opportunities
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The Master of Commerce (Extension) at UNSW Sydney strengthens your Commerce major with a second specialisation. The two-year degree develops the depth and breadth of industry knowledge needed to launch into a new career direction. Identify complex business challenges, opportunities for disruption and innovative solutions - with a global mindset. The knowledge gained will build the expertise required to excel in your career.

As a graduate of the Master of Commerce (Extension), you will hit the ground running in a new direction with real-world work experiences, workplace connections and a comprehensive industry understanding.

Why choose this master’s degree?

Achieve professional advantage, accreditation or career change. The additional electives in the UNSW Master of Commerce (Extension) develop a deep or broad level of expertise in your chosen fields. Select up to two areas of specialisation from:

Depending on the chosen major, graduates are accredited towards professional recognition with industry bodies including the Australian Human Resources Institute, Australian Securities and Investment Commission, CPA Australia, Chartered Accountants Australia and New Zealand, ACCA and Institute of Public Accountants.

UNSW Business School students have exclusive access to Career Accelerator, a portfolio of professional development opportunities that include:

UNSW Business School degrees are shaped by industry leaders and world-class academics who recognise the future will present career opportunities that don’t exist today. The skills and insights gained from your Master of Commerce (Extension) can have an immediate positive effect on your career.

This degree can typically be completed in two years or less, with recognition of prior learning. Professional accreditation is available in several specialisations as well as the opportunity for international exposure and experience. This Master’s degree is approved by Centrelink – eligible students can receive financial assistance.

Who is this degree for?

Graduates with a non-business degree seeking a postgraduate degree in business Business graduates interested in a new specialisation or additional knowledge in a business field

Job and career prospects

Depending on your specialisation(s), there is a wide range of career opportunities available, including:

  • Business Analyst
  • Business Development Manager
  • Commercialisation Manager
  • Compliance Manager
  • Consultant
  • Customer Experience Manager
  • Data Analyst
  • Data Scientist
  • Digital Innovation Manager
  • Entrepreneur
  • Financial Advisor
  • Financial Technology Developer
  • Funds Manager
  • Human Resource Consultant
  • Investment Banker
  • Marketing Analyst
  • Management Accountant
  • Management Analyst
  • Marketing or Brand Manager
  • People and Culture Specialist
  • Portfolio Manager
  • Product Manage
  • Regulatory Officer
  • Risk Analyst
  • Social Entrepreneur
  • Stakeholder Engagement Manager
  • Strategist
  • Systems Analyst
  • Venture Capitalist

Find out how we prepare our graduates for career success.

Why the Business School?

UNSW Business School is a leading business school in the Asia-Pacific, with our subjects consistently ranking within the top 50 worldwide. Within Australia we rank 1st for Accounting and Finance, and 2nd for Business and Management studies. Worldwide, these subjects rank within the Top 50 along with Economics and Econometrics, and Computer Science and Information Systems. Read more about our rankings and reputation.

Our students build professional networks among more than 90,000 Business School alumni worldwide and begin their new career before graduation. This postgraduate degree incorporates a suite of professional development opportunities offered by Career Accelerator, that are exclusive to UNSW’s Business School students. Career Accelerator helps you build industry connections through networking and mentoring, and you can undertake internships and global business practicums for credit towards your degree.


The Master of Commerce is a 2 year degree program consisting of 16 courses (96 UOC):

  • Two core courses
  • Three gateway core courses
  • One or two specialisations, with five specialisation courses in each
  • If you choose to do one specialisation, choose five elective courses
  • One capstone course

Core courses

MGMT5050 Professional Skills and Ethics

To achieve competitive advantage in today’s global business environment, managers require skills in problem anticipation, identification and solving, along with abilities to work with and in teams and engage in ethical decision making. Thus, critical and self-reflective thinking is central to success in both postgraduate study and professional business careers.

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Then choose one from the following*

COMM5005 Quantitative Methods for Business

This course is designed to teach basic techniques that have proved useful in making business decisions. The basic quantitative skills will be presented in the context of practical problems of interest to business managers.
 
The general themes for the course are "Making Business Decisions" and "Interpreting Business Data". Specific business problems are introduced under each of these themes and the quantitative procedures needed to solve these problems will be presented.

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COMM5011 Data Analysis for Business

This course takes an integrated approach to the analysis of qualitative and quantitative business data. It will focus on the uses of information, formulating problems, data collection, drawing conclusions and reporting. Analysis methods for qualitative data will include data displays, coding, causal and content analysis. Descriptive and inferential statistical techniques for quantitative data will be introduced.

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ECON5248 Business Forecasting

This course looks at the use of econometric and statistical techniques relevant to forecasting in a business environment and computer implementation of the methods. Short-term forecasting using time series analysis, long-term forecasting with S-shaped growth curves and trend analysis. The study of applied work is emphasised in this non-specialist course.

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Gateway courses

Choose three from the following*

ACCT5906 Financial Literacy for Business Decisions

Making sound business decisions depends on the evaluation and analysis of information. Given the frequent expression of information in monetary terms, financial literacy is a key element in creating value or identifying value opportunities.

This course introduces accounting as the language of business and as a tool to be used by managers within the organisation and by external parties including shareholders and creditors. The core aspects of management accounting and financial accounting are integrated and applied to significant issues as students will encounter them in business. Topics include the development of an appropriate business plan for the entity; costing and pricing; performance measurement; and the construction and use of published financial statements.

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ACCT5930 Financial Accounting

Note: Not available to students who have completed ACCT2542 in the last three years.

This course examines:

  • The fundamentals of financial accounting for entities of simple organisational design
  • Financial recording processes, systems design and internal control
  • Preparation of general purpose statements of financial position, operating performance and cash flow statements
  • Responsibilities in financial reporting
  • Financial reporting constraints
  • Recognition and measurement of specific financial statement elements
  • Analysis and interpretation of financial reports

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ECON5103 Business Economics

An introduction to economic analysis and policy, with particular application to decision-making in business. The course provides students with the tools to use economic principles in decision-making and an understanding of the broader economic environment in which business decisions must be made.

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FINS5512 Financial Markets and Institutions

Serves as an introductory course. Focuses on major financial markets, including the equity, money, bond, exchange rate and derivatives markets. The basics of financial instruments in these markets, such as bank bills, treasury bonds, futures and options are taught. Exposure to the tools of analyses and the roles and innovations of major financial institutions, eg the banks and non-banks, such as finance companies, building societies and credit unions, life and insurance companies and funds management companies.

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INFS5885 e-Business

This course aims to develop students' abilities to use, analyse, and evaluate electronic business technologies and to propose a business model and develop business strategies employing these technologies. The course covers intra‐ and inter‐ organisational systems, payment systems, mobile systems, cloud computing, social technologies, smart systems, and other Internet‐based information systems relevant for electronic business. Core elements of the course are the analysis and discussion of current electronic business case studies as well as the entrepreneurial development of actual electronic business models.

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MARK5700 Elements of Marketing

Marketing plays a key role in acquiring and retaining customers that is critical to the success of an organisation. Elements of Marketing examines how to attract and retain customers by understanding their expressed and latent needs, translating these needs into value offerings that customers want, creating brand awareness and communicating benefits of the value offerings, managing the delivery of value offerings to customers, and capturing value back to the organisation. The application of the theories, concepts, techniques and practices of modern marketing will be conducted via case studies, individual and group assessments.

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MGMT5710 Managing and Leading People

Employers are increasingly demanding that graduates commence employment with highly developed skills in management and leadership. This course provides a foundation for the development of these skills for students undertaking the MCom program. The course introduces students to theories of management and leadership, including cultural differences in effectiveness of leadership, leadership in different types of organisations, and their relationships with other departments within the organisation, as well as encouraging students to engage in personal development of skills necessary for effective leadership and management.

The course aims to help students improve their understanding and competences in managing others, exercising leadership in a variety of situations and the ability to effectively work with other people in modern organisations. Students will undertake learning activities that address managerial and general skills.

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RISK5001 Fundamentals of Risk and Risk Management

"This course aims to introduce students to the complex and diverse range of risks that organisations must manage in today's increasingly global environment. The course discusses the complex nature of the words 'uncertainty' and 'risk', and how their many definitions and interpretations impact risk management. Subsequent lectures demonstrate why organisations must manage risks and what is different in the way they approach risk management today, compared to the past. The fundamental role risk culture and communication play in ensuring an organization’s ability to manage risks at Enterprise level is emphasised, and various frameworks for risk management reviewed.

The course aims to enhance students' ability to think 'outside the box' and encourages them to find solutions to complex problems, given limited information. Class debates and case study lectures are used to achieve these student attributes"

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TABL5511 Legal Foundations of Business

Law is an increasingly significant factor in business. In any business decision fundamental legal questions may arise about the potential liabilities of the parties, the rights that the parties have and how the business or transaction should be organised. This subject introduces the Australian legal system; outlines alternative forms of business organisation; discusses the legal framework of business regulation; and examines areas of law particularly relevant to business including the law of contract and torts, the laws relating to specialised commercial transactions, the regulation of restrictive trade practices and sales promotion, and intellectual property.

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Specialisation courses

Choose one or two of the following specialisations, with five courses from each

Capstone course

Choose one from the following*

ACCT5931 Strategic Management Accounting

Note: Not available to students who have completed ACCT3583 or ACCT3593 in the last three years.

This course examines links between strategy and resource management as it considers the effective use of an organisation’s financial and other resources in creating value for a range of organisational stakeholders. The course provides students with a management accounting toolkit for analysing the value created for and by various stakeholders, both currently and for a sustainable future.

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COMM5010 Strategy, Marketing and Management

This course is designed as a capstone core course in the Master of Commerce program. The course addresses perspectives from core and disciplinary courses in the MCom. It aims to provide students with broad business competencies and skills in developing strategic objectives for creating, maintaining, developing and capturing value for organisations and enhancing competitive advantage. It draws on knowledge and skills from completed courses in their study plans in addressing the Program Learning Goals of the Master of Commerce degree.
 
The course seeks to:
  • Integrate knowledge and skills in a framework for conceptualising, developing and implementing corporate and business strategy drawing on key concepts in marketing and organisational capabilities
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in developing and implementing strategy
  • Engender critical reflection on the practice of business and management in working with people, and ethical decision-making
  • Provide opportunities for considering global business career. Students will have opportunities of applying the above in case-studies and projects with course participants

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COMM5020 Global Business Practicum

This course is designed to enable postgraduate students to gain international understanding, exposure and workplace skills through studying and working in a specified location outside Australia. Examples of locations include Indonesia, Vietnam, Hong Kong, China, and South Korea.

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COMM5030 Social Entrepreneurship Practicum

This course is designed to provide students with the opportunity to apply their cumulative learning, and build practical business and leadership capabilities within a social entrepreneurship context. Social entrepreneurs use business thinking to develop operating models aimed at creating positive social outcomes to reach people in need. The course is taught through genuine student engagement in a social entrepreneurship project, supported by both online modules and face-to-face strategy workshops. Each practicum experience will be different depending on the particular project on which each student will work. Assessment tasks are designed to provide a consulting style framework to both create value for the social entrepreneurship project, and to enable students to demonstrate their ability to apply and synthesise social entrepreneurship concepts. Assessments include project scope setting, a project presentation, a final project report, and a critical review and reflection.

The course can be taken either as a Master of Commerce and Master of Commerce (Ext) capstone practicum course or as an elective in one of the following Master of Commerce specialisations: Accounting (Management Accounting) or Management and Human Resource Management (Innovation & Entrepreneurship) . If taken as a capstone, it should be studied in the final semester of the program in place of the nominated capstone of the main specialisation. The course is offered during the standard semester periods or as an intensive course during Summer and Winter.

This course is by application only. Criteria for enrolment include: academic merit, genuine interest in social impact, any extra-curricular activities or experience in related fields.


For enquiries please contact CSI Students at: csistudents@unsw.edu.au

 

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COMM5040 Entrepreneurial Ecosystems

Entrepreneurship in the 21st century is rapidly evolving. Disruptive changes in technology, manufacturing, supply chains, talent, communication, and capital markets have led to the rise of global startup ecosystems. Governments, corporates and universities are recognising the potential for the next wave of economic growth to emerge from disruptive startup enterprises, and are working together to nurture them via grants, tax incentives, direct funding, subsidised space, education, competitions, purchasing policies, mentoring and partnerships.

This course provides exposure to the fundamentals of global entrepreneurship ecosystems and the practical aspects of identifying, evaluating, and moving business ideas forward in them. The course inspires students to critically think about how entrepreneurs identify opportunities, understand customer needs, harness resources, create innovative business models, attract capital and solve real-world challenges.

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FINS5568 Capstone - Portfolio Management Process

The course presents a continuous and systematic approach to the process of portfolio management. The process begins with the development of a policy statement to suit the needs, constraints and preferences of an investor. A thorough examination of past, current and projected conditions of the economy, markets, industries and companies is then conducted to form risk-return expectations for the implementation of investment strategy and construction of portfolio. The last stage of the process focuses on the continual monitoring of portfolio performance and changes to both market and investor-related factors. This reality check serves as impetus for updating the policy statement and revising the investment strategy.

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*Course selection will depend on chosen specialisation and prior studies.

Additional study options available

This degree allows you to take 4 extra courses to increase your knowledge. Courses options can be in Taxation, Business Law or 2 courses outside the Business School (subject to program coordinator's approval).

Program details
View full program details in the UNSW handbookThe official University guide to degree programs and courses offered at UNSW
Class timetable
View more information on the class timetable websiteThe official University class timetable website

To be eligible for the program, you need to have:

The UNSW English Language requirements also apply to this program.

Note: No other requirement (such as GMAT, GRE, personal statement, academic referee) is considered unless otherwise specified.

Alternative entry

Applicants who do not have a credit average (65% or higher) within their bachelor degree may be assessed on other performance indicators. For example, an applicant with an above average mark obtained in a Bachelor degree (for Australian qualifications this would be in the range of 60-64%) may result, on a case by case basis, in an offer being made based on the following performance indicators:

  • GMAT score of 600 or above.  The Graduate Management Admission Test (GMAT) is an exam created to measure the academic abilities needed to succeed in graduate management education. Further information can be obtained from www.gmac.com
  • Completion of other undergraduate, postgraduate or research qualifications
  • Professional qualifications completed through relevant professional bodies, for example the Institute of Chartered Accountants or CPA Australia
  • Relevant work experience is not a requirement but may be taken into consideration as an indicator of performance to support the application

Pathway option

If you don’t have a bachelor degree, the Graduate Certificate in Commerce is a pathway to the Master of Commerce (Extension) (for domestic students only).

Students who are not graduates of Australian or NZ universities

For students who have studied at overseas universities, the normal minimum academic requirement is the equivalent of a credit average grade (65%) from an Australian university, as determined by the UNSW Postgraduate Coursework Entry Calculator. Details on assessment will be determined by your grading system so it is important that this is attached with your transcript when you apply.

Note: Applicants from non-211 universities in China wishing to study Postgraduate Coursework in the UNSW Business School, must achieve a minimum overall average of 88 in their current university’s grading system. This is equivalent to an 85% Australian scaled average using the calculator.

We will use the National Office of Overseas Skills Recognition (AEI-NOOSR). They are the government body that provides official information on the comparability of overseas qualifications with Australian qualifications using the Australian Qualifications Framework (AQF) as our benchmark.

In those countries where an equivalent grade has not been established, the following will be taken into consideration:

  • The standard and content of the undergraduate program completed, and
  • The standard of the institution from which the qualifications were obtained
  • Indian universities award different types of bachelor and master degrees, with different requirements in terms of length of study. At a minimum, applicants would be required to have a 3-year bachelor degree or professional bachelor degree and provide all individual marksheets.
  • Iranian universities award different types of bachelor degrees, with different requirements in terms of length of study. At a minimum, applicants would be required to have a 4-year bachelor degree.

Application checklist

Before you apply, ensure that you:

  1. Choose the right program that matches your interests and career aspirations
  2. Meet the entry requirements of the program
  3. Check if you are eligible to apply for credits or advanced standing based on recognition of prior learning (RPL) for this program

    4. Note: You can apply for credits during the online application process

  4. Have the various supporting documentation for your application. E.g.

   a. Official academic transcripts
   b. Proof of completion of qualification
   c. Proof of identity and citizenship
   d. Proof of relevant work experience (if required)

    You can upload the above documentation during the online application process

How to apply

You can apply for this program online:

There are three intakes per year:

  • Term 1 (February): 30 November
  • Term 2 (June)*: 31 March
  • Term 3 (September): 31 July

*Please note that not all programs have a Term 2 intake.

Late applications may be accepted after the closing dates subject to the availability of places.

Need help?

Still need help finding the right postgraduate business program for you? Contact us now.

UNSW Business School students are Australia’s best and brightest, with a reputation for drive and innovation. Our graduates have exceptional employability rates, performing well above the national average. In the 2018 QILT survey, 93% of our postgraduate students were employed full-time within four months of graduating and were earning a median wage of $120k.

Our degrees include up to two for-credit industry experiences, such as internships or global business practicums. The experiences are part of a suite of opportunities that is exclusive to UNSW’s Business School students and organised through Career Accelerator. The professional development opportunities complement your studies, build connections to industry and give you a clear advantage after graduation.

The opportunities are grouped within the Networking, Mentoring, Internships, and Global sections of Career Accelerator.

Networking

The people you meet during your time at university can play a profound role in positively shaping your career. Connect with like-minded and influential people through:

  • Industry Insights – workshop sessions delivered by industry partners
  • Industry Events – invitation-only events hosted by industry partners
  • Business Case Competitions – impress future employers with your problem-solving skills

Mentoring

Participating in a mentoring program will boost your confidence, help grow your professional network, develop your communication, teamwork and leadership skills as well as building upon your business acumen.

  • Career Mentoring Program – a 10-week program of career mentoring and coaching
  • Australian Business Essentials – mentoring for international students with no previous Australian work experience

Internships

UNSW Business School’s for-credit and not-for-credit opportunities such as traditional internships, consultancy projects, social entrepreneurship practicums, virtual internships and extra-curricular experiences.

  • Internships & Consulting Projects – for-credit projects available in person and online
  • Social Entrepreneurship Practicum – for-credit practicum to develop professional team skills in a real project
  • Business Experience – online and in-person projects for professional development

Global

The personal and professional benefits of living, studying or working in a different culture are immense and recognised by employers.

  • Global Business Practicum - work in small cross-disciplinary student consulting team on a genuine business issue, usually in Asia
  • Social Entrepreneurship Practicum - build entrepreneurial, workplace and leadership capabilities in Bali
  • Student Exchange – live and study overseas at one of our 200 partner universities

View the full suite of Career Accelerator opportunities.



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Quick facts for students

Program code
8417
Award
Masters Degree (Coursework)
Total Units of Credit (UOC)
96
Study Mode
Face to face
Duration
2 years full-time, 4 years part-time
Commencing terms
Term 1 - February
Term 2 - June
Term 3 - September
Course fee*
$4,260
Program fee (total)*
$68,160
* Fees are indicative only
Related programs
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​​​​​​​Area of Study

Browse the list of study areas available for postgraduate study

 
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Jason’s Master of Commerce (Risk Management) enabled him to change careers

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