Master of  Commerce

Program code: 5584
CRICOS code: 082596K


St Lucia


2 Years full-time


Semester 1 (24 Feb, 2020)
Semester 2 (27 Jul, 2020)

The Master of Commerce will build your theoretical and technical knowledge of the financial services industry, so you can step into senior management or start a new career.

  • The two-year postgraduate program is designed for applicants who have a bachelor's degree in any field and who can meet minimum GPA requirements. You can also enrol if you've completed the Graduate Certificate in Commerce from UQ.
  • Develop your knowledge in one or two of the following fields: Applied Finance, Information Systems, or Professional Accounting. Each field is designed to jumpstart or advance your professional knowledge.
  • Begin your studies with comprehensive training in the theoretical and technical aspects of the financial services industry, including accounting, economics, financial management and analysis, and more. You'll move on to advanced study in a field of your choice.
  • Enrol in an optional research stream to learn about research methods, and complete a research project supervised by an academic staff member. Completing appropriate courses and the thesis can be a pathway to a PhD program.

The Master of Commerce will help you move to the next level of your career by developing your knowledge of finance and advancing your management skills.

  • Fast Facts

    Global standing

    UQ Business School was the first business school in Australia to be accredited by AACSB International and EQUIS. UQ was also ranked in the 43rd in the world for Accounting and Finance in the 2019 QS World University Rankings by Subject.

  • Beyond the classroom

    World-class teaching, world-class graduates

    UQ Business School is home to some of the most innovative educators in Australia. Many of our experts also work in consultancy for leading companies, government agencies and not-for-profit organisations to help them address the challenges they face.

  • Fast Facts

    Stay ahead of the game

    Stay ahead of the game

    UQ Business School is a Bloomberg Experiential Learning Partner. Students have access to the state-of-the-art Bloomberg Trading Room, where they can experience real-time financial data and build on their financial market awareness.

  • Alumni
    “Aside from enjoying the state-of-the-art facilities and excellent research opportunities, highlights of my time at UQ have also included becoming involved with the broad range of extracurricular activities and undertaking the Student Work Experience Program.” Mark Feigl, Master of Commerce (Information Systems) (2017)
    Insights Analysis, CUA

Fields of study for this program

There are 3 fields of study available in the Master of Commerce.

View all fields of study for this program

Career outcomes

The Master of Commerce is a degree that is highly regarded by organisations worldwide, and graduates with qualifications in finance and commerce are sought after in the public, private and not-for-profit sectors.

Graduates can expect to work in a range of fields, including:

  • management consulting 
  • electronic retailing 
  • information system infrastructure
  • stockbroking
  • audit firms
  • banking and finance
  • funds management.

Specific career opportunities typically depend on your chosen field of study (and are listed on the Majors page).

Other graduates use the Master of Commerce to further their research ambitions and proceed to enrol in a Master of Philosophy or PhD program, where they continue developing their research skills and make significant contributions to knowledge.

  • Professional experience

    Link up with industry and the profession

    The Faculty of Business, Economics and Law's award-winning Student Employability Team (SET) helps students develop their careers through internships, mentoring programs, inspirational guest speakers and career planning advice.

  • Professional experience

    Give back and grow your network

    The Community Engagement Program (CEP) allows you to work on real-life projects with not-for-profit and community organisations. You'll apply your classroom knowledge as you develop your leadership and networking skills.

  • Why study

    Build a career

    During your studies, you can choose to write a thesis on an original research topic. You will further your expertise and skills in critical thinking, communication, and project management, and open doors to a future career in research, within industry or academia.

  • Alumni
    "Studying my Master of Commerce at UQ has enhanced not only my academic performance but also my soft skills such as my interpersonal and communication abilities. UQ provides an excellent platform from which to step out of your comfort zone, achieve our academic and career goals, and create change in our communities and workplaces." Doreen (Wanwei) Du, Master of Commerce (Information Systems) (2019)


  • Program code
  • Faculty
  • Duration
    2 Years full-time
  • Commencing
    Semester 1 (24 Feb, 2020)
    Semester 2 (27 Jul, 2020)
  • Program level
    Postgraduate Coursework
  • Units
  • Delivery location
    St Lucia
  • AQF
    Level 9
  • CRICOS code

Admissions criteria


Bachelor degree or equivalent in any discipline with a GPA of at least 4.50 on a 7 point scale; OR a Graduate Certificate in Commerce from UQ or equivalent with a GPA of at least 4.50 on a 7 point scale.
Field of Study: For students who have previously undertaken studies in business or commerce, entry will only be considered for a field not already studied (some exceptions may apply to accounting).

English Proficiency

IELTS overall 6.5; reading 6; writing 6; speaking 6; listening 6. For other English Language Proficiency Tests and Scores approved for UQ

TOEFL IBT - Overall 87, listening 19, reading 19, writing 21 and speaking 19.

TOEFL PB - Overall 570, listening 54, reading 54, writing 59/5.

Pearsons - Overall Score of 64 and 60 in all sub bands.

BEP - A minimum overall grade of 4 plus a minimum grade of C in all macro skills.

CES - Overall 176 and 169 in all sub bands.

OET is not accepted.

View the English proficiency policy

Visa requirements

International students who are accepted into full-time study in the Master of Commerce are eligible to apply for an Australian student visa.

The Australian Government has simplified the visa application process. Now, all international students apply for the Student Visa (subclass 500).

There are a number of requirements you must satisfy before a visa is granted. Find out more about the visa application process.

Learn more about entry requirements

Program structure


The courses offered in the Master of Commerce are set out in the course list. Each course is allocated a certain number of units (#).

Courses Program Rules

The Program Rules explain what is required to complete the Master of Commerce. These requirements include the total number of units you need to complete in order to graduate.

Program Rules

To have your degree conferred, you also need to comply with UQ’s policies and rules.

Early exit points

Depending on your choice of courses, it might be possible to withdraw from the Master of Commerce at an early exit point and graduate with one of the following awards:

Professional memberships

Graduates may be eligible for membership with the following professional bodies:

  • Australian Computer Society
  • Australasian Institute of Banking and Finance
  • Chartered Accountants Australia & New Zealand
  • Chartered Secretaries Australia Limited
  • Certified Practising Accountants Australia

Further study options

Graduates of the Master of Commerce have the opportunity to progress into the following programs:

Programs and Courses

If you're a current student who has already commenced study at UQ, refer to Programs and Courses in my.UQ for full information about your program structure, rules and requirements.

Fields of study

The following is a list of fields of study available in the Master of Commerce.

When you graduate, any fields of study you have finished will be listed on your degree certificate.

Applied Finance

Courses in the Applied Finance field of study combine theories of successful financial management with practical skills in analysis and risk assessment. In addition, you'll also develop your understanding of factors that can affect financial decision-making in the global market. Applied finance skills are sought-after within almost every business you can think of, as are capabilities for strong financial management to improve profitability and sustainability.

Career outcomes

Graduates who specialise in Applied Finance typically move into roles in investment banking or financial institutions as analysts and managers; build their own businesses; work in consultancy to help businesses grow and expand; or move into various financial management roles.

Information Systems

The use of information systems to manage financial records and accounting data is ubiquitous, and developing skills in areas like information requirements, analysis and management will let you contribute to the efficient operations of almost any organisation. Courses in the Information Systems specialisation will teach you about the analysis, design management of information systems and the development of information systems strategy. Elective courses cover topics like managing virtual corporate environments, advanced data analytics, business process improvement, cyber security, and IT auditing.

Career outcomes

There are a large number of career options available for Information Systems graduates in almost any organisation. Graduates typically work in consultancy environments, where they improve an organisation's efficiency and effectiveness through the right technologies and systems. Common roles include systems or process analysts, project managers, business/data analysts, or managers of information system infrastructure.

Professional Accounting

Courses in the Professional Accounting field of study will develop your skills and knowledge to qualify for associate membership of two key Australian accounting professional bodies: Certified Practicing Accountants Australia (CPA Australia) and Chartered Accountants Australia and New Zealand (CAANZ). This field of study is suitable if you want to change careers, or gain formal accounting qualifications that are recognised by industry. It is not necessary to have any prior accounting qualifications.

Career outcomes

Graduates typically fill a wide variety of roles in areas like financial accounting, auditing, corporate accounting, managerial accounting and control.

You should refer to the Program Rules for more information. A full definition of "field of study" is available in the Policies and Procedures Library.

Financial aid

As an international student, you might be eligible for financial aid – either from your home country, or from the Australian Government.

Find out more about financial aid, including scholarships and financial aid programs.

Indicative annual fee

AUD $44,272
Indicative fee 2020

The "indicative annual fee" is the cost of enrolling in the Master of Commerce for the 2020 academic year. It is calculated based on a standard full-time study load.

A standard full-time study load is 16 units per academic year.

If you enrol in a larger or smaller study load, your fees will be calculated on a proportionate basis.

All fees are reviewed annually.

Visit Tuition fees for more information.


International students are eligible to apply for a number of scholarships and prizes. These may be offered by the University, the Australian Government, foreign governments, or private organisations.

Many scholarships have specific eligibility criteria and are very competitive. More information, including information about how to apply, is available on the Scholarships website.

Applying online

Apply now

All international student applications for the Master of Commerce can be lodged directly to UQ using our online application form or through an approved UQ agent in your country.

The program code for the Master of Commerce is 5584. You'll need this when applying.

Find out more about applying for postgraduate coursework study.

Apply now

Additional application information

The following supporting documentation is required for all applications. Please ensure that you have included ALL required documentation when you submit your application.

  • Official transcripts of previous studies.
  • Evidence of residency status.

Important dates

There are a number of dates and deadlines you need to meet when applying for postgraduate study.

The closing date for the Master of Commerce is:

  • To commence study in semester 2 - May 31 of the year of commencement.
  • To commence study in semester 1 - November 30 of the previous year.

A full list of dates relevant to UQ students is available on the Student Matters Calendar.

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