Commerce is a business and management discipline that includes finance and accountancy. Commerce graduates will have the skills and knowledge needed to ensure that an organisation runs efficiently in terms of marketing, economics, and management. It is based on the assumption that everything produced is consumed. It connects suppliers of specialised goods and services with consumers who need them.
A commerce degree will give you a solid foundation in modern business concepts and practices. When you pursue education in this area, you may anticipate developing crucial decision-making abilities and a profession that can be applied to a worldwide workforce.
Trade and commerce are essential components of any business. Corporations, start-ups, nonprofit organisations, banks, outsourcing firms, insurance companies, auditing firms, governmental organisations, and online retailers employ graduates in commerce.
Global ranking of some of the top universities in Australia for Commerce courses
The top Australian universities in Commerce are listed below, based on QS Rankings 2022 by subject "business and management studies."
|
Ranking |
Universities/Colleges |
Location |
|
34 |
The University of Melbourne |
Parkville, Australia |
|
44 |
The University of New South Wales (UNSW Sydney) |
Sydney, Australia |
|
47 |
The University of Sydney |
Sydney, Australia |
|
52 |
Monash University |
Melbourne, Australia |
|
76 |
The University of Queensland |
Brisbane City, Australia |
|
83 |
Australian National University (ANU) |
Canberra, Australia |
|
151-200 |
Curtin University |
Perth, Australia |
|
151-200 |
Deakin University |
Burwood, Australia |
|
151-200 |
Macquarie University |
Sydney, Australia |
|
151-200 |
RMIT University |
Melbourne, Australia |
|
151-200 |
The University of Western Australia |
Perth, Australia |
|
151-200 |
University of South Australia |
Adelaide, Australia |
|
201-250 |
Griffith University |
Nathan, Australia |
|
201-250 |
The University of Adelaide |
Adelaide, Australia |
Programs for Bachelors in Commerce with tuition fees in Australia
Undergraduate Studies in Commerce in Australia is a 3-year program. The table below lists some of the top-ranked universities in Australia that offer a bachelor's program in commerce or a similar program.
|
Universities/Colleges |
Courses |
Tuition fees per annum (International) |
Duration |
|
The University of Melbourne |
Bachelor of Commerce |
$44,664-$47,704 |
3 years |
|
The University of New South Wales (UNSW Sydney) |
Bachelor of Commerce |
$46,790 |
3 years |
|
The University of Sydney |
Bachelor of Commerce |
$49,500 |
3 years |
|
Monash University |
Bachelor of Commerce |
$49,200 |
3 years |
|
The University of Queensland |
Bachelor of Commerce |
$44,288 |
3 years |
|
Australian National University |
Bachelor of Commerce |
$46,680 |
3 years |
|
Curtin University |
Bachelor of Commerce |
$30,076 |
3 years |
|
Deakin University |
Bachelor of Commerce |
$37,800 |
3 years |
|
Macquarie University |
Bachelor of Commerce |
$40,800 |
3 years |
|
RMIT University |
Bachelor of Business |
$40,320 |
3 years |
Academic Requirements
- Secondary school qualification equivalent to an Australian year 12 with at least 65 %.
English Test Scores
- IELTS: A minimum score of 6.5 overall, with at least 6.0 in each section.
- PTE: A minimum score of 58 overall, with a minimum of 50 in each section.
- TOEFL iBT: A minimum overall score of 83, with at least 13 in reading, 12 in listening, 18 in speaking, and 21 in writing.
Programs for Masters in Commerce with tuition fees in Australia
The table below lists the top universities in Australia that offer a postgraduate taught program in Commerce or a closely related field.
|
Universities/Colleges |
Courses |
Tuition fees per annum (International) |
Duration |
|
The University of Melbourne |
Master of Commerce (Actuarial Science) |
$47,712 |
18 months |
|
The University of New South Wales (UNSW Sydney) |
Master of Commerce |
$50,200 |
1.7 years |
|
The University of Sydney |
Master of Commerce |
$54,000 |
1.5 years |
|
Monash University |
Master of Commerce |
$35,000 |
1 or 2 years |
|
The University of Queensland |
Master of Commerce |
$46,384 |
1.5 or 2 years |
|
Australian National University (ANU) |
Master of Commerce |
$41,040 |
2 years |
|
Curtin University |
Master of Commerce |
$67,650 |
2 years |
|
Deakin University |
Master of Commerce |
$41,600 |
1.5 or 2 years |
|
Macquarie University |
Master of Commerce |
$40,800 |
1 or 1.5 or 2 years |
|
RMIT University |
Master of Commerce |
$43,200 |
2 years |
Academic Requirements
- A 4-year undergraduate degree in commerce or related disciplines such as Accounting, Actuarial Studies, Business, Business information systems, Computing Science, Economics, Finance, International Business, Management, Marketing, Mathematics, or Statistics from an accredited institution.
- The minimum average score of at least 65%.
English Test Scores
- IELTS: A minimum score of 7.0 overall and a minimum score of 6.5 in each band.
- PTE: A minimum result of 68 overall and a minimum mark of 60 in each band.
- TOEFL iBT: A minimum result of 94 overall, including a minimum mark of 20 in Reading, Listening and Speaking and 22 in Writing.
Programs for PhD in Commerce with tuition fees in Australia
The table below lists the top universities in Australia that offer a postgraduate research program in Commerce or a closely related field.
|
Universities/Colleges |
Courses |
Tuition fees per annum (International) |
Duration |
|
The University of Melbourne |
Doctoral Program in Management |
$43,808 |
5 years |
|
The University of New South Wales (UNSW Sydney) |
Doctor of Philosophy (PhD) Management |
$155,280 (Total course fee) |
4 years |
|
The University of Sydney |
Doctor of Philosophy (Business) |
$51,000 |
3 to 4 years |
|
Monash University |
PhD in Business and Economics |
$35,000 |
3 to 4 years |
|
Australian National University (ANU) |
PhD in Commerce/Accounting |
$39,090 |
4 years |
|
Curtin University |
Doctor of Philosophy - Business and Management |
$36,400 |
4 years |
|
RMIT University |
PhD (Business) |
$36,480 |
3 to 4 years |
Academic Requirements
- A bachelor’s degree or the recognised equivalent from an accredited institution
- A master’s degree or equivalent postgraduate qualification from an accredited institution with a minimum GPA equivalent to 3.5 on a 4-point scale.
- Some universities also ask for a viable research proposal of up to 3000-6000 words as part of the application.
- Some universities also require professional experience in addition to academic qualifications.
- Universities require a GMAT/GRE score.
English Test Scores
- IELTS: A minimum score of 7.0 overall and a minimum score of 6.5 in each band.
- PTE: A minimum result of 68 overall and a minimum mark of 61 in each band.
- TOEFL iBT: A minimum result of 96 overall, including a minimum mark of 20 in Reading, Listening and Speaking and 22 in Writing.
Top Commerce Universities in Australia: Specializations
Universities in Australia offer various specialisations at the graduate level. Here is a list of some of the common specialisations in commerce.
- Accounting
- Business Analytics
- Business Information Systems
- Business Law
- Finance
- International Business
- Marketing
- Strategy, Innovation and Entrepreneurship
- Work and Organizational Studies
- Transport and Logistics Studies
Top Commerce Universities in Australia: Scholarships
Some of the scholarships offered to international students at different universities in Australia are listed below.
|
Universities/Colleges |
Scholarship |
Amount |
|
The University of Melbourne |
Melbourne Access Scholarship |
At least $15,000 |
|
Business and Economics Graduate Scholarship |
25% of tuition fee |
|
|
The University of New South Wales (UNSW Sydney) |
Joseph Barling Fellowship |
$30,000 |
|
Scientia Scholarship |
$10,000 |
|
|
The University of Sydney |
Business School International Scholarship |
$5000 to $10,000 |
|
John Gordon Mulford Scholarship |
$5,000 - $10,000 p.a. (up to 2 years) |
|
|
Monash University |
Sir John Monash Scholarship |
Up to $6000 |
|
Master of Commerce Scholarship |
Tuition fees plus an allowance of $29,000 |
|
|
The University of Queensland |
Business, Economics and Law - Global Leaders Scholarships |
15% to 100% of the tuition fee |
|
Thomas A. Plein Endowed Scholarship |
At least $3,000 |
Top Commerce Universities in Australia: Scope
In Australia, graduates in commerce can work as Business Analysts, Advertising Professionals, Human Resource Professionals, Market Research Analysts, etc., after completing the degree. Commerce degrees are one of the highest-paid sectors in the country. Graduates can anticipate earning anything from $41,000 to $148,000 annually. However, your payments may vary depending on your job duties and areas of expertise.
Job Titles
- Accountant
- Economist
- Financial planner
- Human resource manager
- Business analytics professional
- Social and economic policy developer
- International trade officer
- Marketing Manager
Top Recruiters:
- Woolworths
- Telstra Corporation Ltd
- Barclays
- Westpac Banking Corp
- JP Morgan
- HSBC Global Asset Management
- Allianz Global Investors, and so on.
|
Job Title |
Range |
Average |
|
Accountant |
AU$49k - AU$89k |
AU$65,380 |
|
Assistant Accountant |
AU$41k - AU$70k |
AU$54,047 |
|
Data Analyst |
AU$49k - AU$89k |
AU$65,782 |
|
Marketing Coordinator |
AU$46k - AU$67k |
AU$55,639 |
|
Account Manager |
AU$54k - AU$90k |
AU$69,060 |
|
Human Resources (HR) Manager |
AU$70k - AU$154k |
AU$103,613 |
|
Tax Accountant |
AU$43k - AU$87k |
AU$57,234 |
|
Financial Analyst |
AU$57k - AU$92k |
AU$72,522 |
|
Human Resources (HR) Business Partner |
AU$74k - AU$111k |
AU$90,451 |
|
Operations Manager |
AU$57k - AU$148k |
AU$88,908 |
|
Payroll Manager |
AU$70k - AU$124k |
AU$93,532 |
|
Financial Accountant |
AU$53k - AU$98k |
AU$71,485 |
